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Elliott Wave Technical Analysis: NEOUSD Crypto Price News Today

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Freepik NEOUSD Daily Crypto Chart NEOUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave (3) Direction Next higher Degrees: Wave ((3)) of Impulse Wave Cancel invalid Level: 9.85 Details: Wave (3) is Equal to 161.8% of Wave (1) at 24.52 NEOUSD H4 Crypto Chart NEOUSD Elliott Wave Technical Analysis […]

Greenback Losses Extended, But Look For Consolidation In North America

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Overview: The softer-than-expected ISM services report caught the market leaning the wrong way. Although interest rates had a muted reaction, the dollar was sold. In fact, the Dollar Index saw its second-biggest loss of the year, falling by about 0.50%. ISM services prices paid increases moderated to their slowest since March 2020. Supplier deliveries […]

USD/CAD Price Analysis: At Make Or A Break Around 1.3500

Apr 04, 2024 Jeremy Parkinson Finance 0

USD/CAD falls to 1.3500 due to multiple headwinds. The US Dollar corrects further on the weak US ISM Services PMI report. Higher Oil prices due to deepening supply concerns boosted the Canadian Dollar. The USD/CAD pair falls sharply to the psychological support of 1.3500 in the European session on Thursday. The Loonie asset faces an […]

XAUUSD Sets New Record High, Touching Above $2300

Apr 04, 2024 Jeremy Parkinson Finance 0

XAUUSD has reached another milestone, briefly touching above the key $2300 level.The continuous rise came amid yesterday’s lower-than-expected ISM services PMI reading (51.4 vs 52.7).Fed’s chairman Jerome Powell has also provided comments underscoring the possibility for the interest rate cuts to happen this year, given there is enough evidence that inflation is moving towards its […]

Aussie Market Commentary – Thursday, April 4

Apr 04, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Aussie on The UpThe Australian Dollar is tearing higher against USD today as the weakness in the greenback continues to drive movements across FX markets. With traders now leaning into the prospect of a June rate cut, USD has been on the backfoot this week, reversing from initial highs. The move has of […]

Dell Stock Is Flying, Lifting Michael Dell’s Net Worth By $27 Billion

Apr 04, 2024 Jeremy Parkinson Finance 0

Michael Dell is growing richer by the day as the Dell stock price continues its strong surge. According to Bloomberg, his net worth has jumped by more than $27 billion this year and currently stands at over $106 billion. That makes him the 12th richest person in the world. Forbes, on the other hand, places Michael […]

Inflationary Pressures In Europe Continue To Decline

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Stock indices traded mixed on Wednesday, with the Dow Jones Industrials (US30) falling to a two-week low. Stocks rebounded late in the day after bond yields retreated from early highs following an unexpected decline in the ISM Services Business Activity Index for March in the US. At yesterday’s close, the Dow Jones (US30) index was […]

Tesla Is Once Again The World’s Best-Selling EV Company

Apr 04, 2024 Jeremy Parkinson Finance 0

Quarterly BEV Sales: Tesla Vs. BYD China’s BYD made waves for outselling Tesla in Q4 2023, prompting many to believe that the once dominant EV king would fall further behind in 2024.However, figures for Q1 2024 are now out, and they reveal a dramatic 43% decline in BYD sales from the previous quarter. Meanwhile, Tesla reported a slightly less painful 20% drop in […]

Why Aren’t More Patents Leading To More Productivity?

Apr 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The number of US patents granted has been rising rapidly. However, US productivity has not been rising. Why aren’t more patents leading to more productivity?Aakash Kalyani of the St. Louis Federal Reserve discusses research that suggests an intriguing possibility in “The Innovation Puzzle: Patents and Productivity Growth” (Economic Syn0pses: Federal Reserve Bank of […]

USD/TRY Forecast: Key Economic Updates

Apr 04, 2024 Jeremy Parkinson Finance 0

The forecasts for the Turkish Lira include the continuation of the pair’s rise targeting levels of 32.50 lira, as each dip represents an opportunity to reinforce buying contracts. Signals for the Lira Against the Dollar Today Risk 0.50%. Best Buying Points: Open a buy order at 31.50. Set a stop-loss order below 31.15. Move the stop-loss […]