Ethereum Price Follows Bitcoin’s Rally, But Momentum Falls Short
Oct 29, 2024
Jeremy Parkinson
Finance
Ethereum price started a fresh increase above the $2,550 resistance. ETH is following Bitcoin’s rally, but it is lacking the same strength. Ethereum started a decent increase above the $2,600 zone. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,520 […]
USD/CHF Steadies Near 0.8650, Upside Seems Possible Amid Higher US Treasury Yields
Oct 29, 2024
Jeremy Parkinson
Finance
Photo by Claudio Schwarz on Unsplash USD/CHF may appreciate further due to a stronger US Dollar amid higher Treasury yields. The US Dollar also receives support from the market caution ahead of the US presidential election. The safe-haven demand for the Swiss Franc is undermined due to easing all-out war fear in the Middle East. USD/CHF remains subdued […]
XAG/USD Rises To Near $34.00 Amid Geopolitical Risks, Looming US Presidential Election
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Silver price drifts higher to around $33.90 in Tuesday’s early European session, adding 0.71% on the day. Growing fears of rising Middle East tensions, and uncertainties surrounding the US presidential election could support white metal. Bets for smaller Fed rate cuts might cap the Silver’s upside. Silver price (XAG/USD) gains traction to near […]
Amazon Earnings Loom: Are Shares A Buy?
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: UnsplashZacks Thematic Screens lets you dive into 30 dynamic investment themes shaping the future. Whether you’re interested in cutting-edge technology, renewable energy, or healthcare innovations, our themes help you invest in ideas that matter to you.Let’s take a closer look at the ‘Cloud Computing’ theme and analyze a few stocks within.Cloud Computing OverviewCloud computing […]
HSBC’s $3b Share Buyback: What It Means For Investors After Q3 Earnings Beat
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash HSBC’s pre-tax profit hit $8.5 billion. Revenue also rose by 5% to $17 billion. This buyback marks the third $3 billion repurchase this year. HSBC, Europe’s largest bank, announced a $3 billion share buyback following an impressive third-quarter earnings report that exceeded analyst forecasts.This announcement, alongside a solid revenue increase, emphasizes HSBC’s robust […]
TLT: Bonds Selling Off For These Reasons. So, What Does It Mean For Stocks?
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: PixabayI recently joined the great Stuart Varney on Fox Business to discuss bond yields, the election, the Fed, the market outlook, misconceptions about the “Trump Trade,” and a lot more. Here are a few things to keep in mind about the iShares 20+ Year Treasury Bond ETF (TLT) and stocks.Money is moving out of bonds. The […]
The Commodities Feed: Supply Risks Subside For Now
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Energy – SPR refill The oil market came under significant pressure yesterday as the market digested Israel’s long-awaited response to Iran’s recent missile attack. ICE Brent settled more than 6% lower on the day leaving it at just below $72/bbl. As we mentioned yesterday, the targeted response from Israel does leave the door open […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Oct 29
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: PexelsThe craziness continues with the markets gapping higher on Sunday’s Globex openings creating a situation where the possibility that the ES and NQ were not finishing up minute 4th waves, but that the pattern in play was a 1,2, 1,2 of a building minute 5th wave up. That was of course before the opening. […]
3 Key Quarterly Reports To Watch This Week
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: PixabayEarnings season has picked up notable steam over the last week, with a nice variety of companies delivering quarterly results. The Q3 cycle looks to be positive, underpinned by another robust showing from technology.And next week, we have several Mag 7 members on the reporting docket, a list that includes Meta Platforms (META – Free Report), […]
Gold Trading Strategy, XAUUSD Analysis & Forecast – Tuesday, Oct 29
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: PixabayToday you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:01:56More By This Author:Platinum Trading Strategy, XPTUSD Analysis And Forecast […]