2018 - Page 51 of 1751 -

Gold Prices Drop As Dollar Jumps

Nov 21, 2018 Jeremy Parkinson Finance 0

Gold prices fell $2.91 an ounce on Tuesday, ending a five-day streak of gains, as the dollar rebounded from a two-week low. A failure to sustain prices above $1227 also weighed on the market. Mounting concerns about slowing global growth spurred fresh declines in stock markets around the world. U.S. stocks extended losses as crude […]

AUDUSD Daily Analysis – Wednesday, Nov. 21

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline to test l0.7164 support would likely be seen and a breakdown below this level could trigger further downside movement towards 0.7100. Resistance is at 0.7250, only a break of this […]

Crude Oil Prices May Bounce After Plunge On EIA Inventory Data

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

Crude oil prices swooned as global oversupply fears returned. The drop followed a report from S&P Global Platts saying China’s crude inventories quadrupled in October. It added that a further build is likely in November as demand wanes. Doubts about the potency of further OPEC supply cuts were already swirling, with the large restocking by the world’s second-largest […]

EUR/USD Is In A Tight Range But Looks To The Upside

Nov 21, 2018 Jeremy Parkinson Finance 0

EUR/USD tumbled down as the global mood soured. Yet after the big drops in stocks and oil, things look calmer now. What’s next? The Technical Confluences Indicator shows that the world’s most popular currency pair faces some resistance around 1.1405 as this is the convergence of the Bollinger Band 4h-Middle and the Fibonacci 38.2% one-day. Much more robust resistance awaits […]

Sensex Trades In The Red; IT & Metal Stocks Drag

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.7% while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.1%. US stocks dropped, and the Nasdaq fell 1.7% on Tuesday. Back home, India share markets have opened the day on a negative note. The BSE Sensex is trading down by 101 points […]

E Market Briefing For Wednesday, Nov. 21

Nov 21, 2018 Jeremy Parkinson Finance 0

Persistent probing postponed – panicky peddling pressures preceding what should be a capitulation. Every rebound postpones that reckoning. So long as they keep buying weakness and talking of FANG (and others) ‘as if’ there were any important low, it reduces the odds of there being such lows aside perhaps seasonal rebounds (barring a China deal). […]

S&P 500 And Nasdaq 100 Forecast – Wednesday, Nov. 21

Nov 21, 2018 Jeremy Parkinson Finance 0

S&P 500 The S&P 500 got hammered on Tuesday again, losing basically 2%. It looks as if we are going to the 2600 level, the area that we have bounced from previously. We bounced to retrace 61.8% and then broke down an almost perfect move. Now the question is whether or not the 2600 level […]

World And Dividend: 2 ETFs To Watch On Outsized Volume

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

In the last trading session, U.S. stocks ended lower due to massive sell-off in Internet and tech stocks. Among the top ETFs, investors saw SPY and (DIA – Free Report) lose 1.6%, and (QQQ – Free Report) move lower by 3.2% on the day. Two more specialized ETFs are worth noting as both saw trading volume that was far outside of […]

E The US Has Squandered Its Fiscal Room To Fight The Next Recession

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

“As we approach the 10th anniversary of the global financial crisis we should recall how we got there. In 2003-07, the US government pursued fiscal expansion and financial deregulation – an approach that, even at the time, was recognized as likely to constrain the government’s ability to respond to a recession. If the US continues […]

How To Catch Bottoms In Gold Stocks

Nov 21, 2018 Jeremy Parkinson Finance 0

It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms. You don’t hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot […]