Chainlink joins Microsoft, Banco Inter, and 7COMm to support second phase of Brazil’s CBDC pilot
Nov 19, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Key Takeaways Chainlink, Microsoft, Banco Inter, and 7COMm are collaborating on Brazil’s DREX CBDC pilot to enhance trade finance with blockchain technology. The initiative will demonstrate cross-border automated settlement using blockchain and Chainlink’s CCIP for CBDC interoperability. Share this article Brazil’s central bank has picked Banco Inter, Microsoft Brazil, 7COMm, and Chainlink to develop a […]
DXY, EURUSD & GBPUSD Structural & Seasonal Trade Setups
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash A look at the recent price action in the Dollar Index, EURUSD & GBPUSD and identify the next high probability trading opportunities and price objectives using seasonal and structural analysis.Video Length: 00:05:30More By This Author:Daily Market Outlook – Tuesday, Nov. 19FTSE Sees A Slow StartTo The Week, As 8k Support Remains Under ScrutinyS&P […]
EUR/USD Under Pressure From Multiple Sources But Clings On To $1.05 For Now
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash The EUR/USD pair has struggled to find footing, trading below the $1.06 and vulnerable to further losses. Today it has been hit by latest escalation in Russia’s war against Ukraine, something which has also weighed on European shares. Meanwhile, the dollar has maintained its gains against most currencies except the safe haven Japanese […]
Walmart Reports Better Than Expected Fiscal Q3 Results, Ups Guidance
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Walmart Inc. (NYSE: WMT) reported a robust performance for the third quarter of fiscal year 2025, showcasing significant growth in both revenue and operating income. The retail giant’s consolidated revenue reached $169.6 billion, marking a 5.5% increase from the previous year.Notably, the company’s operating income rose by 8.2%, reflecting improved profitability driven by higher gross […]
Fall 2024 Snapshot Of Expected Future S&P 500 Earnings
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 (Index: SPX) at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter’s earnings.The index’ earnings per share show little change with respect to where they were just three months earlier. We […]
Presidential Stock Market Euphoria
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash How does the euphoria for stocks in the days after the 1980 election contrast with today’s Trump election euphoria? What were the fundamentals of the 1980 stock market compared to today’s fundamentals? What interest rates were paid to borrowers of money? We will make the case for very useful contrarianism in the aftermath […]
Gold Trading Strategy Today – Tuesday, Nov. 19
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Today 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: 00:02:10More By This Author:Silver Trading Strategy, XAGUSD Analysis & […]
Bitcoin Holds Strong Above $90K: 4 Altcoins Expected To Surge
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Most top cryptocurrencies by market cap are trading in the green, with BTC trading at around $92,000. Altcoins, including Solana (SOL), Stellar (XLM), and Ripple (XRP) have gained notably over the past day. The crypto market is trading up again today, with some of the biggest projects such as Bitcoin (BTC), Solana (SOL), Ripple (XRP) and […]
Georgia Broker-Dealer Learns Costly Lesson From FINRA
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash A Georgia-based brokerage has settled allegations that it and its president developed and sold a trading strategy that they did not understand and that caused near-total losses for 350 clients, according to the Financial Industry Regulatory Authority as reported by Financial Advisor Magazine recently. The brokerage had agreed to $2 million in partial […]
Oil Prices Surge On Supply Disruptions, But Contango Hints At Short-Lived Rally
Nov 19, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Norway’s Johan Sverdrup oilfield halted production of oil, pushing prices higher. WTI market flipped to contango, indicating that there was adequate supply in spot markets. Russia-Ukraine war and a weaker dollar had pushed Brent and WTI prices higher on Monday. Oil prices edged up slightly on Tuesday, extending steep gains from the […]