Current Analysis: Canon
Jun 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Pexels Canon (CAJFF) designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers.The company operates four major business segments: (1) office, (2) imaging systems, (3) medical systems, and (4) industry and others.Its global customer base and domestically concentrated operations create inherent currency exposure, which can […]
USD/TRY Analysis: Turkish Lira Outlook As Sticky Inflation Persists
Jun 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Turkey’s statistics agency will publish its interest rate decision on Monday. Economists expect the data to show that the headline CPI surged to 74.80% in May. The Turkish Central Bank expects the inflation rate to fall to 38% by year end. The USD/TRY exchange rate remained in a tight range on Monday as investors […]
Frax Finance CEO suspects inside job at X in socials hack
Jun 03, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Frax Finance, a crypto lending platform, had its X account hacked on June 1, prompting CEO Sam Kazemian to appeal to his followers for assistance in contacting X customer service. The hack has raised concerns about the security of social media accounts and the potential involvement of insiders in such breaches.According to Kazemian, the passwords […]
FX Daily: A Path To A Weaker Dollar Exists
Jun 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash FX markets face a busy week. We have rate meetings in the eurozone, Canada, Poland, and India, while this week’s US employment data will determine how the Fed communicates with us next Wednesday. A path to a lower dollar does exist. Elsewhere, we’ll watch to see whether a French downgrade hits the euro and […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Monday, June 3
Jun 03, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Pexels AUDUSD Elliott Wave Analysis Trading Lounge Day Chart,Australian Dollar/U.S.Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: impulsiveSTRUCTURE: navy blue wave 3POSITION:gray wave 3DIRECTION NEXT HIGHER DEGREES: navy blue wave 3(started)DETAILS: navy blue wave 2 looking completed at 0.65919, Now navy blue wave 3 is in play.Wave Cancel invalid level: 0.63628The AUDUSD Elliott Wave Analysis for the day chart […]
Economic Data Forecasts For The Weeks Of May 3 & 10
Jun 03, 2024
Jeremy Parkinson
Finance, No picture
Here are my forecasts for upcoming economic data Forecast Prior Observation Week of June 3 June 3 PMI Manufacturing Index – May 50.9 50.9 ISM (Mfg) – May 50.0 49.2 Construction […]
US30 | Dow Jones Analysis And Week Ahead Forecast
Jun 03, 2024
Jeremy Parkinson
Finance, No picture
More By This Author:Gold Trading Strategy For Friday, May 31 Gold Trading Strategy For Wednesday, May 29 Dow Jones Analysis & Dow Jones Week Ahead Forecast – Sunday, May 26
Space ID set to unlock 18% of token supply this month
Jun 03, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Space ID, a universal name service network and one-stop identity platform for Web3 domains, is expected to unlock over $55 million worth of ID tokens on June 22, 2024, according to data from Token Unlocks. This represents 18% of its circulating supply.Token unlocks are often used to manage the emission of tokens over time, ensuring […]
Solana-based memecoin $GME surges by 300% on Roaring Kitty’s return
Jun 03, 2024
Jeremy Parkinson
Cryptocurrency, No picture
Keith Gill, also known as “Roaring Kitty,” a famous trader linked to the 2021 GameStop short squeeze, reappeared on social media on Sunday. His return sparked a frenzy in the meme coin market, especially the Solana-based memecoin $GME. The memecoin saw its value more than triple, with its market cap surpassing $100 million—a 300% jump […]
Signs Of A Slowdown Are Becoming Increasingly Hard To Ignore
Jun 02, 2024
Jeremy Parkinson
Finance, No picture
MARKETSAsian stocks are poised to rise in early trading, mirroring the late session recovery seen in US markets on Friday. This optimism comes as the Federal Reserve’s preferred inflation measure indicates a steady decline, boosting rate-cut expectations. However, it’s not all smooth sailing—there are signs that the famously resilient US consumers are finally feeling the pinch.Signs […]