Author Archive: Jeremy Parkinson
Amazon doubles down on Anthropic with $4 billion investment
Key Takeaways Amazon has increased its investment in Anthropic, committing an additional $4 billion. AWS has been named the primary training partner for Anthropic’s foundation models. Share this article Amazon has announced an additional $4 billion investment in Anthropic, the AI startup known for its Claude chatbot and advanced AI models.This latest funding brings Amazon’s […]
Sensex Today Rallies 1,961 Points; Nifty Above 23,900
After opening the day higher, Indian benchmark indices remained positive as the session progressed and ended the day on firm footing.Domestic benchmark indices Sensex and Nifty edged higher on Friday (22 November) led by index heavyweights. The BSE Sensex zoomed 2,062 points or 2.6% and recorded an intraday high at 79,218.19. While the NSE Nifty […]
German Economy Avoids Summer Recession, But A Winter Recession Is Looming
Image source: Pixabay The German economy grew by a meager 0.1% quarter-on-quarter in the third quarter, just avoiding an official technical recession. However, the latest developments suggest that a winter recession is still looming.The positive surprise just got less positive. The second estimate of German GDP growth in the third quarter showed that the economy only […]
Coinbase eyes more meme coin listings under Trump administration, says Coinbase executive
Key Takeaways Coinbase plans to expand token listings, including memecoins, under a more favorable regulatory environment expected with Trump’s administration. The exchange is diversifying its revenue streams beyond trading to include staking and stablecoin revenue. Share this article Coinbase is looking to add support for more smaller tokens, including meme coins, as the company anticipates […]
USD/CHF Price Forecast: Resumes Uptrend After Pullback
USD/CHF is resuming its dominant uptrend after a short correction. The short and medium-term trends are bullish indicating odds favor a continuation higher. USD/CHF is striking higher again after a brief pullback from overbought levels. It is surging on Friday as it thrusts up towards the next key targets at 0.9000 – a whole-number psychological […]
Hungarian Wage Growth Moderates But Remains Strong
Image Source: Pexels Average wage growth in Hungary decelerated in September, mainly due to a slowdown in the corporate and non-profit sectors. However, the strong momentum hasn’t yet been reflected in economic output.According to the latest data from the Hungarian Central Statistical Office (HSCO), average gross wages grew by 12.5% year-on-year in September 2024 after a slight […]
Easing Into The Weekend
Image Source: Unsplash After an eventful month and week, markets are looking to slide into the weekend on a quiet note as US equity futures are little changed on either side of the flatline. Despite a weak batch of flash manufacturing PMI reports from Asia and Europe, global equities are closing off the week on a […]
UK Energy Bills To Rise By 1.2% To £1,738 Starting January
The average annual energy bill in England, Scotland, and Wales is set to rise by 1.2%, increasing to £1,738 from January 2024.The energy regulator, Ofgem, announced a £21 yearly increase, reflecting the quarterly price cap adjustment for gas and electricity.The hike follows a 10% rise during the October-December period when the cap was £1,717 annually.The […]
Natural Gas Commodity Elliott Wave Technical Analysis – Friday, November 22
Natural Gas Elliott Wave AnalysisNatural Gas broke upside this week and took the previous high of 11th June. The commodity has gained over 120% since the low of February 2024 and has so far recovered close to half of the massive sell-off that happened between August 2022 and February 2024.Daily Chart AnalysisOn the daily chart, the recovery […]
USD/JPY Outlook: Rising Bets For Rate Hike Boost Yen
The USD/JPY outlook shows a stronger yen amid increasing bets for a December rate hike by the Bank of Japan. However, the pair fluctuated on Friday after mixed economic data from Japan. Meanwhile, the dollar remained strong after data in the previous session revealed a still-tight US labor market.Japan released mixed reports on Friday, which […]
