November 2023 - Page 121 of 244 -

Elliott Wave Technical Analysis: The Coca-Cola Company – Thursday, Nov. 16

Nov 16, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Coca-Cola Company, Elliott Wave Technical AnalysisThe Coca-Cola Company, (NYSE: KO): 4h Chart 16 November 2023KO Stock Market Analysis: Looking for continuation higher into a wave {v} as we have found support on 55$ and we are aiming to at least 58 for Minor Group 2. KO Elliott Wave Count: Wave {iv} of […]

US Post Office Loses $6.5 Billion, Postmaster Blames Inflation And Junk Mail

Nov 16, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay The post office expected to make money this year. It did not come close. Let’s investigate why.Postmaster Blames InflationCNN reports the US Postal Service lost $6.5 billion last year. It predicted it would break even. The US Postal Service lost $6.5 billion in its just-completed fiscal year, delivering a blow to the service’s hopes […]

Where To Invest In The EU/Eurozone Mess?

Nov 16, 2023 Jeremy Parkinson Finance 0

The chart shows the huge decline in the euro against the US dollar over the past ten years and I will start with more about the euro because… A strong currency is a sign of a strong economy and that is a sign of strong leadership.That ancient wisdom applies well to the euro that has proved to […]

Initial Claims Rise, But Remain Below The Caution Threshold

Nov 16, 2023 Jeremy Parkinson Finance 0

Initial jobless claims rose 13,000 to 231,000 in the past week. The 4 week moving average increased 7,750 to 220,250. With a one week lag, continued claims rose 32,000 to 1.865 million: I had speculated that the big decline in claims through September may have been affected by some unresolved post-pandemic seasonality, and the last […]

Alibaba Falls Premarket After Ma’s Trust Announces Selling 10M Shares

Nov 16, 2023 Jeremy Parkinson Finance 0

Shares of Alibaba (BABA) fell 7.9% in Thursday premarket trading after regulatory filings revealed that the family trust of Jack Ma, the company’s founder, is planning to sell 10 million of its US-listed shares.Image courtesy of 123rf.com via The Tokenist Alibaba also announced it will not fully spin off its cloud business due to recent chip restrictions imposed by the US government. The e-commerce […]

USD/JPY Outlook: Markets Anticipate Delay In Fed Rate Cuts

Nov 16, 2023 Jeremy Parkinson Finance 0

Thursday’s USD/JPY outlook leans towards the bullish side as the dollar firms on signs that the Federal Reserve might postpone any plans for interest rate cuts. Meanwhile, the yen was weaker after data revealed a slowdown in Japan’s economy.Japan’s exports grew for a second consecutive month in October. However, the growth was considerably slower, mainly […]

Macro: NFIB Small Business Optimism – Pessimistic On Earnings Trend

Nov 16, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Small businesses continue to be pessimistic. The National Federation of Independent Business Optimism Index came in down .1 at 90.7. The survey measures opinions about business and economic conditions in October relative to September. This is the 22nd straight month that the index has been below 98, the 50 year historic average. The […]

Oil Sinks Over 1% As PPI Confirms Slowdown In CPI

Nov 16, 2023 Jeremy Parkinson Finance 0

WTI Oil trades in the red after a volatile session on Tuesday. The US Dollar is trading in another universe after a substantial devaluation. Oil upticks are still to be factored in, while the overall downside is the most probable outcome. Freepik Oil prices are even deeper in the red as a perfect storm is brewing with […]

FTSE Lags EU And US Markets, But Time For Catch Up With Global Indices?

Nov 16, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash At the time of writing on Wednesday, the global stock market rally had come to a halt. The initial excitement surrounding the possibility of central banks adopting a more dovish stance faded, and results on the stock earnings calendar from several companies fell short of expectations. Burberry Group, for instance, experienced a significant […]

Blackrock Files S-1 Application For Its Spot Ethereum ETF

Nov 16, 2023 Jeremy Parkinson Finance 0

BlackRock (BLK), the world’s largest asset manager, has filed an S-1 prospectus for its spot Ethereum ETF with the US Securities and Exchange Commission (SEC). The filing made late Wednesday follows the asset manager giant’s registration of the iShares Ethereum Trust in Delaware last week.FreepikWhile a Nasdaq filing last week had indicated BlackRock was on […]