Author Archive: Jeremy Parkinson
FX Daily: Market Still Mulling Over Trump’s First Week
Image Source: Pexels This week’s dollar correction has not gone too far. Despite the heavy one-way positioning of the dollar, investors lack clarity on the timing of Trump’s tariff threats, preventing them from reducing dollar holdings. Further consolidation is likely among the $ Majors as traders await a Trump dialogue in Davos today. Elsewhere we see […]
Elliott Wave Technical Analysis: IBEX 35 – Thursday, Jan. 23
IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge Day ChartIBEX 35 (Spain) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray wave 3 Position: Orange wave 3 Direction Next Higher Degrees: Gray wave 3 (started) Details: Gray wave 2 appears completed, and gray wave 3 of orange wave 3 is currently in play. Wave Cancel Invalidation Level: 11,330.48 The analysis of the IBEX […]
SEC faces first deadline to decide on Grayscale’s Solana Trust ETF conversion proposal
Key Takeaways The SEC is facing its first deadline to decide on Grayscale’s proposal to convert Solana Trust to an ETF. Multiple firms, including VanEck and Bitwise, await SEC decisions on their Solana ETF proposals. Share this article The US SEC faces its first deadline today to make a decision on Grayscale’s application to convert […]
Metal Markets Report For Wednesday, Jan 22
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:05:21More By This Author:SPDR ETF Report For Wednesday, Jan 22Financial Markets Report For Wednesday, Jan 22Metal Markets Report For Tuesday, Jan 21
CME Group clarifies no official decision made on XRP, Solana futures contracts
Key Takeaways CME Group has not made any official decisions regarding XRP or Solana futures contracts. A test page indicating potential futures contracts for XRP and Solana was released in error. Share this article The Chicago Mercantile Exchange (CME) denied making any official decisions about XRP or Solana futures contracts after a test page erroneously […]
Korea: Fourth Quarter 2024 GDP Up Just 0.1 Percent Yet The Worst Seems To Be Over
Image Source: PexelsSouth Korea grew by 0.1% quarter-on-quarter seasonally adjusted in the fourth quarter of 2024 (vs. 0.1% in the third quarter, market consensus of 0.2%). Net exports made a positive contribution to the economy, while domestic growth remained subdued. Both consumer and business sentiment indices have risen, and we believe that at least the worst of the […]
Avoid These Popular ETFs With Triple-Digit Yields
Image Source: PixabayI was recently asked by a Wealthy Retirement reader to evaluate the dividend safety of the YieldMax Magnificent 7 Fund of Option Income ETFs (YMAG), which has a 39% yield.This is an interesting ETF in that it pays weekly dividends. I’ll get into how the YieldMax ETFs work in a minute, but as is the case with all […]
Elliott Wave Technical Analysis: Polkadot Crypto Price News For Thursday, Jan 23
Image Source: PexelsElliott Wave Analysis TradingLounge Daily ChartDOT/ U.S. dollar(DOTUSD)DOTUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Zigzagposition: Wave ((C))Direction Next higher Degrees: wave IIWave Cancel invalid level: DOT/ U.S. dollar(DOTUSD)Trading Strategy:Price is in a Wave II structure which has a Corrective (A-B-C) structure. Wave A: Strong correction from the high. Wave B: Rebounding. Wave C: Expected to continue […]
This Perfect-Pullback Could Be Our Biggest Win Of The Week
Image Source: Pixabay Woah, what a move today! Everyone’s waiting to buy pullbacks after today’s massive run higher…And this 21ema *trick* will make easy to pick the perfect pullback tomorrow morning!Trump’s back in office, and markets clearly like what they’re hearing right now…But let’s talk pullbacks… they’re not as easy as they sound, right?Luckily, this 21ema […]
