2018 - Page 41 of 1751 -

AUDUSD Daily Analysis – Thursday, Nov. 22

Nov 22, 2018 Jeremy Parkinson Finance, No picture 0

AUDUSD remains in the downtrend from 0.7337, the bounce from 0.7201 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and next target would be at 0.7100 area. Resistance is at 0.7280, a break of this level could trigger another bullish movement towards 0.7400.

Gold Prices Gain As U.S. Dollar Dips

Nov 22, 2018 Jeremy Parkinson Finance 0

Gold prices ended Wednesday’s session up $4.16 an ounce as the dollar was pressured by weak U.S. economic data. The Commerce Department reported that orders for durable goods dropped 4.4% last month. The University of Michigan’s consumer sentiment index came in at 97.5 for November, down from the 98.3 recorded in October. The market is […]

HH Thanksgiving Travel To Be Busiest In 13 Years: Top 5 Gainers

Nov 22, 2018 Jeremy Parkinson Finance 0

Courtesy of an uptick in personal income and wages, traveling by car, train or plane is expected to be high this Thanksgiving. More Americans will hit the roads or take to the skies, a number that would surpass the levels of the past 13 years. Given this near-term surge in travel demand, investing in travel […]

U.S. Stock Market’s Volume Is Low Around Thanksgiving

Nov 22, 2018 Jeremy Parkinson Finance 0

Happy Thanksgiving! It’s important to remember that this week’s volume is very light, so don’t read too much into price action. The price can be easily pushed around by a few big players. Let’s determine the stock market’s most probable direction by objectively quantifying technical analysis. For reference, here’s the random probability of the U.S. stock market […]

Gold, Crude Oil Price Gains Fail To Breach Key Chart Barriers

Nov 22, 2018 Jeremy Parkinson Finance, No picture 0

Commodity prices were in corrective mode yesterday after the prior session’s fireworks. Gold prices edged higher as the US Dollar retraced some of Tuesday’s gains while a cautious improvement in risk appetite helped buoy sentiment-sensitive crude oil prices. They rose alongside the bellwether S&P 500 index, seemingly ignoring EIA inventory data showing an unexpectedly large 4.85 million barrel build last week. Looking […]

The Pound Has More Room To Fall Than Rise Ahead Of The EU Summit

Nov 22, 2018 Jeremy Parkinson Finance 0

GBP/USD is not going anywhere fast after UK PM May met EC President Juncker. Both sides smiled and reported progress ahead of the weekend summit on Brexit. However, the technical picture looks less promising. The Technical Confluences Indicator shows that cable faces an uphill battle to recover. 1.2807 is the convergence of the potent Simple Moving Average 200-15m, the SMA […]

Sensex Opens Marginally Up; IT & FMCG Stocks Gain

Nov 22, 2018 Jeremy Parkinson Finance, No picture 0

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is trading flat while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.3%. The S&P 500 ended higher on Wednesday after a brutal two-day selloff, but the market faltered towards the session’s end as Apple shares surrendered gains. Back home, India share […]

The Money Supply Is Never Too Small

Nov 22, 2018 Jeremy Parkinson Finance, No picture 0

For most economists, there is the need to keep the so-called economy along the path of stable economic growth and stable price inflation. One of the reasons for the possible deviation of the economy from the stable growth path is a change in the demand for money. If the authorities fail to make sure that […]

S&P 500 And Nasdaq 100 Forecast – Thursday, Nov. 22

Nov 22, 2018 Jeremy Parkinson Finance 0

S&P 500 For those of you outside of the United States, you should be aware that it is Thanksgiving Day in America. That being said, there will be no underlying asset moving. CFD markets and electronic futures will be trading later in the day, so while you are trading, a lot of this is going […]

E US Personal Spending Remained Strong In September; Savings Rate Slipped Lower

Nov 22, 2018 Jeremy Parkinson Finance 0

US consumer spending, which accounts for about 70% of the economy, was the key driver of GDP growth in the third quarter. In fact, US real GDP rose at annual rate of 3.5% in the quarter, helped by the strongest jump in consumer spending in about four years. As the spending and income data for […]