Ethereum Bullish Signal: Whales Withdraw $750 Million In ETH From Exchanges
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
On-chain data shows exchanges have recently observed a large amount of Ethereum exit their wallets, a sign that could be bullish for ETH’s value. Ethereum Exchange Reserve Has Seen A Plunge RecentlyAs explained by analyst Ali Martinez in a new post on X, the ETH investors have made net outflows from exchanges recently. The on-chain indicator of relevance […]
Bring On Big Tech Earnings
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Photo by Alexander Grey on Unsplash Equity futures are little changed as we move further into the September quarter earnings season. As we discussed in yesterday’s The Week Ahead video, not only does the volume of earnings reports swell this week, but the market will have to contend with quarterly results from five companies that account for 23% of […]
USD/JPY Is Testing 153.90 High Ahead Of US Labour Data
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
The Dollar has resumed its broader bullish trend during Tuesday’s European session and is testing resistance right below 154.00 with all eyes on the US JOLTS Job Openings data. The pair draws support from the image of a solid US economy, with all the other main economies slowing down. This endorses the idea that Fed easing will be only […]
BTCUSD Trading Update
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash In this update, we review the recent price action in BTCUSD and identify the next high probability trading opportunity and price objectives to targetVideo Length: 00:02:37More By This Author:Daily Market Outlook – Tuesday, Oct. 29FTSE Snaps Losing Streak But Sentiment Capped By Energy NamesDaily Market Outlook – Monday, Oct. 28
Consolidative Tone In FX Ahead Of Key Events And Data
Oct 29, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay Overview: A consolidative tone is emerging in the foreign exchange market as the week’s key events begin tomorrow: UK budget, eurozone and US Q3 GDP, and the US ADP private sector jobs estimate, and quarterly refunding. Outside of the Norwegian krone, which is up nearly 0.5%, the other G10 currencies are largely +/- 0.1%. […]
Is The Prospect For Another Fed Rate Cut Fading?
Oct 29, 2024
Jeremy Parkinson
Finance
The backup in Treasury yields may be a warning sign that the odds are slipping that the Federal Reserve will cut interest rates again at the next policy meeting on Nov. 7.The policy-sensitive 2-year yield closed at 4.15% on Monday (Oct. 28), the highest since Aug. 1. The pushback is that the recent rise in […]
Bitcoin Rises Above $71,000 – All-Time High In Sight
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Over the last four days the Bitcoin (BTC) price has increased by more than $4,500 to now be above $71,000. Can this current surge continue, and will Bitcoin have enough gas in the tank to take out $73,800 and set a new all-time high? Stars are aligning for BitcoinIt’s been said before, but […]
Top Halloween Stocks To Watch
Oct 29, 2024
Jeremy Parkinson
Finance
Imagine an investment strategy that’s not based on financial metrics or economic data, but instead on the calendar—specifically, around Halloween. This idea, known as the “Halloween Effect”, suggests that stock market performance improves dramatically after October 31st, with the strongest returns seen between November and April. Legend has it that the Halloween Effect originated in the […]
Brent Crude Oil Experiences Sharp Price Decline
Oct 29, 2024
Jeremy Parkinson
Finance
Photo by Timothy Newman on Unsplash Brent crude oil prices have significantly decreased, reaching 71.46 USD per barrel on Tuesday. Prices fell nearly 6% earlier in the week, marking the most prominent daily drop in two years. The price reduction reflects the market’s reaction to developments in the Middle East, where the escalation of tensions has somewhat subsided.Over […]
PayPal Reports Q3 2024 With A 6% Increase In Net Revenues To $7.8 Billion
Oct 29, 2024
Jeremy Parkinson
Finance, No picture
PayPal Holdings, Inc. (PYPL) reported robust financial results for the third quarter of 2024, showcasing significant growth across various operational metrics. The company achieved a 6% increase in net revenues, amounting to $7.8 billion, as well as an 8% rise in transaction margin dollars, reaching $3.7 billion.The GAAP operating income saw a remarkable 19% growth, totaling […]