2024 - Page 304 of 2348 -

Sticky UK Services Inflation To Keep BoE Cutting Gradually (For Now)

Nov 20, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Services inflation is set to bounce around 5% into the winter, while headline CPI could get close to 3% in January. That reduces the chance of a rate cut in December, but in the spring, we think there is still a good chance the Bank of England will accelerate its easing cycle.UK services inflation […]

Nvidia Earnings Today: Here’s What Wall Street Expects From World’s Most Valuable Company

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Nvidia’s Q3 revenue is expected to hit $33.2 billion, an 83% annual increase. Blackwell GPUs are fully booked for 12 months, spotlighting supply challenges. Energy reliability and potential Trump-era trade policies could shape growth. Nvidia has reached a historic valuation milestone, becoming the most valuable company in history with a market capitalization […]

GBP/JPY Gains A Lift After UK Consumer Price Data And Fall In Safe-Haven Flows

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

GBP/JPY trades higher by about two-thirds of a percent in the 197.30s on Wednesday, after the release of higher-than-expected UK inflation data cemented bets the Bank of England (BoE) will leave its key bank interest rate at a relatively high 4.75% at its December policy meeting, and take a gradual approach to cutting interest rates […]

GBP/USD Forecast: UK Inflation Surprise Briefly Lifts Pound

Nov 20, 2024 Jeremy Parkinson Finance 0

The GBP/USD forecast shows a better-than-expected reading for UK inflation, which has briefly boosted the pound. Meanwhile, the dollar remained steady after rallying in the previous session amid fears of an escalation in the Russia-Ukraine war.Data on Wednesday revealed that inflation in the UK rose by 2.3%, above estimates of a 2.2% increase. Moreover, it […]

TJX Beats Q3 Expectations, Reports $1.14 EPS On $14.1B Revenue

Nov 20, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The TJX Companies, Inc. (NYSE: TJX) reported a robust performance for the third quarter of Fiscal Year 2025, showcasing strong financial results that exceeded expectations. The company’s net sales reached $14.1 billion, marking a 6% increase compared to the same period in the previous fiscal year.This growth was driven by a 3% rise in consolidated […]

Basking In BTC Glory

Nov 20, 2024 Jeremy Parkinson Finance 0

S&P 500 offered a great intraday reversal yesterday, and now I‘ll present analysis I sent to clients before the opening bell – this will cast best light on how I was able to capture in intraday terms fine gains for them. Quoting yesterday‘s daily premium analytics alongside the chart given:(…) Sectorally, the encouraging bottoming signs are there, whether tech […]

MicroStrategy upsizes note offering to $2.6 billion to fund Bitcoin acquisition

Nov 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways MicroStrategy is increasing its notes offering to $2.6 billion for acquiring additional Bitcoin. The offering will close on November 21, 2024, with notes maturing on December 1, 2029. Share this article MicroStrategy has increased its offering of zero-interest convertible senior notes to $2.6 billion, up from the previously announced $1.75 billion, according to […]

Elliott Wave Technical Analysis: Salesforce Inc. – Wednesday, Nov. 20

Nov 20, 2024 Jeremy Parkinson Finance 0

CRM Elliott Wave Analysis Trading LoungeSalesforce Inc. (CRM) Daily ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor 3DIRECTION: Upside within 3.DETAILS: Looking for continuation higher into minor wave 3, as we stand above TL3 at 300$.Salesforce Inc. (CRM) 1H ChartCRM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iv} of 3.DIRECTION: Bottom in wave {iv}.DETAILS: Looking for […]

USD/CHF Price Forecast: Extends Recovery Above 0.8850

Nov 20, 2024 Jeremy Parkinson Finance 0

USD/CHF recovers further above 0.8850 as the US Dollar bounces back strongly. Traders doubt whether the Fed will cut interest rates in December. USD/CHF finds a cushion near the 50% Fibo retracement around 0.8800. The USD/CHF pair extends its recovery above 0.8850 in the North American trading session on Wednesday. The Swiss Franc pair rises […]

A Chart Explaining Why Warren Buffett Is Panic Selling

Nov 20, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Warren Buffett continues to sell tens of billions worth of stocks. Everyone wants to know why. This divergence between major stock index most likely holds the answer. Normally stock indexes don’t mean much beyond their beauty, yet they can be important signals at times like now when they do diverge in such an […]