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BTC/USD Forex Signal: Bitcoin Price Makes Wild Swings

Mar 18, 2024 Jeremy Parkinson Finance 0

BTC/USD swings wildly; buy target at 70,000, sell at 64,525. Bitcoin reacts to US inflation data and market sentiment, with technical analysis hinting at future trends. Bullish view Buy the BTC/USD pair and set a take-profit at 70,000. Add a stop-loss at 64,520. Timeline: 1-2 days. Bearish view Set a sell-stop at 67,800 and a take-profit […]

Does Taxing Capital Encourage Capital Formation?

Mar 18, 2024 Jeremy Parkinson Finance 0

At first glance the answer seems obvious—no. But not everyone sees things that way.PixabayHere’s Bloomberg: Biden will also ask lawmakers — as he did in last year’s budget request — to impose the 21% minimum on multinational corporations, which the White House says would result in substantial new taxes on pharmaceutical companies. He also wants to […]

AUD/USD Stabilizes Amid Chinese Economic Data And US Inflation Concerns

Mar 18, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Australian dollar has momentarily halted its downward trajectory against the US dollar, stabilizing around the 0.6565 mark. With a lack of significant domestic data from Australia, the AUD’s movements are largely influenced by the performance of the Chinese yuan and economic developments from China. Recently, the offshore yuan weakened to its lowest […]

What Can China’s Key Economic Activity Data Tell Us About Growth Drivers In 2024?

Mar 18, 2024 Jeremy Parkinson Finance, No picture 0

China’s data featured soft consumer and real estate data but stronger-than-expected investment and industrial data ahead of a potential stimulus rollout, indicating a potential shift in growth drivers for 2024.Pexels Data confirming several trends for 2024China’s National Bureau of Statistics has published the key economic activity data for January and February, our first look at the […]

Sensex Today Trades Marginally Lower; Nifty Below 22,000

Mar 18, 2024 Jeremy Parkinson Finance 0

Asian shares firmed on Monday as Chinese data surprised on the upside for once. Investors looked to navigate a minefield of central bank meetings this week that could see the end of free money in Japan and a slower glide path for US rate cuts.US stock market indices ended lower on Friday dragged by technology […]

Elliott Wave Technical Analysis: Euro/U.S. Dollar

Mar 18, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 18 March 2024Euro/U.S.Dollar (EURUSD) Day Chart EURUSD Elliott Wave Technical Analysis FUNCTION: Trend MODE: Impulsive STRUCTURE: red wave 3 POSITION:blue wave 3 DIRECTION NEXT LOWER DEGREES:Red wave 4 […]

Lots Of Tension Ahead Of This Week’s Fed Decision

Mar 18, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Last week, we got a strong round of US economic data accompanied by hotter US inflation reads. The takeaway of course is that there might be a lot more pressure on the Fed to be looking to scale back its rate cut outlook at this week’s meeting.Video Length: 00:01:13More By This Author:Is It […]

FX Daily: All Smoke And No Fire?

Mar 18, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Many central banks are announcing policy this week, but we may not end up looking at a very different global FX picture by Friday. The Fed could keep its Dot projections unchanged and reiterate data dependency, delaying most USD moves to April’s round of data releases. The BoJ’s hike or hold decision is a […]

CSL Ltd. (ASX) Elliott Wave Technical Analysis – March 18, 2024

Mar 18, 2024 Jeremy Parkinson Finance, No picture 0

Triangle Correction And Trade Setup: ASX – CSL LIMITED (ASX:CSL) Elliott Wave Technical Analysis – 18 March 24 CSL LIMITED (ASX): CSL Elliott Wave Technical Analysis TradingLounge (1D Chart), March 18, 2024Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with CSL Limited (CSL) shares. We have identified a Triangle correction pattern, […]

Market Briefing For Monday, March 18, 2024

Mar 18, 2024 Jeremy Parkinson Finance 0

Emerging from inflation cycles – isn’t easy; and the Fed is about to abruptly move to assist consumers and business by cutting rates and easing QT even as prices are not coming down; and barely slowing the pace of increase.So that’s why even if the Fed ‘stands pat’ again (they can argue resilience of inflation and […]