October 2023 - Page 64 of 71 -

S&P 500 Decline Below 200 Moving Day Average Not Even An Outlier

Oct 24, 2023 Jeremy Parkinson Finance 0

FreepikAfter the trajectory of the S&P 500 (SPX) dropped below both the dividend futures-based model’s redzone forecast range and its 200-moving day average, the latter of which matters to people who buy into technical analysis, we set up a useful question to answer. Here’s the set-up and question: The S&P 500’s trajectory breaking below the bottom end […]

Market Sentiment Suggests Fed Funds Rate Has Peaked… Again

Oct 24, 2023 Jeremy Parkinson Finance 0

In January 2023 the clues appeared to be aligning in favor of an end to the Federal Reserve’s rate hikes. It was a false dawn – the Fed lifted its target rate four times in subsequent months, by a total of 100 basis points.Freepik Fast forward to today and once again the numbers leave room for speculating that […]

Poor Flash PMI From Japan And Eurozone

Oct 24, 2023 Jeremy Parkinson Finance 0

Freepik Overview: Bonds and stocks are higher today, and the dollar is mixed. A weak PMI reading seemed to weigh on the euro, but the market shrugged the weak Australian PMI off and the Australian dollar is the G10 currencies while the euro is among the weakest. Yesterday, the North American session showed an appetite for foreign […]

U.K. Market Commentary – Tuesday, Oct. 24

Oct 24, 2023 Jeremy Parkinson Finance 0

FreepikUK Unemployment Rate Drops AgainGBP is moving higher today against USD as a combination of a weaker Dollar and some better-than-forecast UK data helps lift the pair. The UK unemployment rate was seen falling back to 4.2% through August, below the prior and expected 4.3%. With UK CPI stalling at 6.7% last month and the […]

The Commodities Feed: Unfavorable Weather Pushes Softs Higher

Oct 24, 2023 Jeremy Parkinson Finance 0

The unfavorable weather in Africa has tightened the supply-demand balance of cocoa, with prices reaching a multi-decade high. Bad weather has also been impacting sugar supply from Asia with the market likely to see a deficit this season.Freepik Energy: Volatility remains high with focus on the Middle EastCrude oil prices have been trading firm this morning […]

4 Hour Chart Elliott Wave Technical Analysis: Exxon Mobil Corp., Tuesday, Oct. 24

Oct 24, 2023 Jeremy Parkinson Finance, No picture 0

Exxon Mobil Corp., Elliott Wave Technical AnalysisUnsplashExxon Mobil Corp., (XOM): 4H Chart, Tuesday, Oct. 24XOM Stock Market Analysis: We have been anticipating a three wave move into wave 2 which we seem to have got right. At this point as we have broken previous wave {b} top we can start looking at the move up as trend […]

Daily Market Outlook, Tuesday, Oct. 24

Oct 24, 2023 Jeremy Parkinson Finance 0

AsiaAsian stocks edged up on Tuesday, recovering slightly from their lowest level since November 2022, while the dollar softened as traders awaited economic data that could signal the next moves by the U.S. Federal Reserve. Oil prices bounced back from some of the losses of the previous day as markets feared that the war between […]

Japanese Market Commentary – Tuesday, Oct. 24

Oct 24, 2023 Jeremy Parkinson Finance 0

Freepik Japanese CPI RisesThe Japanese Yen is turning higher today on the back of the latest set of inflation figures, released overnight. BOJ core CPI was seen rising to 3.4% last month, up from 3.3% a month prior and above the 3.3% the market was looking for. With JPY continuing to depreciate over recent weeks, speculation […]

Bonds Are No Longer Boring

Oct 24, 2023 Jeremy Parkinson Finance 0

Historically, treasury bonds have only made sense for conservative investors.FreepikPeople buy these bonds because they want stability, income, and they need to sleep well at night. And since treasury bonds are backed by the full faith and credit of the United States, you can rest assured that money you invest will be returned (with interest).As […]

Charted: Comparing The GDP Of BRICS And The G7 Countries

Oct 24, 2023 Jeremy Parkinson Finance 0

BRICS is set to add six new member states at the start of 2024, raising questions about the expansion of the group’s growing economic power.FreepikWith its new entrants, the bloc will represent over $30 trillion in GDP or around 29% of the world’s GDP.This graphic compares the GDP of BRICS nations to the G7 by using GDP […]