November 2023 - Page 169 of 244 -

US Stock Futures Flat As Powell Adopts Hawkish Tone

Nov 10, 2023 Jeremy Parkinson Finance 0

US Stock Futures: Trading around the flatline on Friday Followed a loss the day before after Chair Powell adopted a more hawkish tone Powell stated that the Fed is prepared to raise interest rates further if necessary Easing some bets of a rate cut next year Awaiting additional comments from other Fed officials throughout the […]

MSFT: Why Only One Of The “Magnificent Seven” Stocks Is Still Rallying

Nov 10, 2023 Jeremy Parkinson Finance 0

Image Source: Unsplash If the latest earnings results are any indicator, it looks like the stock performance of the Magnificent Seven is beginning to diverge.Microsoft (MSFT) and Alphabet (GOOGL) both reported their recent third-quarter results on the same day, and both beat consensus earnings expectations. A few days later, Amazon (AMZN) earnings smashed broker expectations.But while Amazon’s stock was little changed […]

GBP/USD Price Analysis: Rebounds As UK Avoids Recession

Nov 10, 2023 Jeremy Parkinson Finance 0

The GBP/USD price analysis on Friday displayed a modest bullish trend, with the British pound making a measured recovery. This uptick followed the release of data indicating that the UK economy narrowly evaded a recession in the third quarter. However, the US dollar’s continued strength limited the pound’s upside.Britain’s sluggish economy showed no growth in […]

Bitcoin Price Forecast For 2024 – Will High Volatility Be Maintained?

Nov 10, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Created in 2009 by Satoshi Nakamoto, Bitcoin (BTC) has kickstarted the whole digital currency craze. Cryptocurrencies use blockchain technology for peer-to-peer transactions without a centralized authority.Bitcoin was created to make financial transactions free and affordable. However, currently, cryptocurrencies are less utilized for everyday transactions, and they mainly serve as speculative assets. As more […]

Crude Oil Forecast: Looks For Buyers. Did We Find Some? Be Cautious

Nov 10, 2023 Jeremy Parkinson Finance 0

Prudent position sizing is imperative given the multifaceted nature of the current landscape. The West Texas Intermediate Crude Oil market made efforts to steady itself on Thursday amidst ongoing turbulence. While volatility remains a persistent companion, there are signs of scavenging and even potential profit-taking by short-sellers. The prevailing market sentiment revolves around the ominous specter of […]

Weak Data Weighs On Pound

Nov 10, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay The British Pound is seeing further selling today on the back of the latest UK growth data released this morning. The data, while a little better than forecast, pointed to anemic growth in the UK and has done little to push back against recession risks. The monthly GDP reading was seen at 0.2%, […]

Is Now The Time For Nvidia?

Nov 10, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Nvidia is reportedly planning to reveal three new chips for China according to the Star Market Daily. According to the reports, the announcement could come as soon as November 16, and Nvidia shares are up in premarket trading in anticipation of the event.Nvidia is a stock that has benefited greatly from all the […]

Bitcoin And Ethereum: Bitcoin Jumps To The $37978 Level

Nov 10, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisYesterday, we saw a new bullish impulse in the price of Bitcoin up to the $37978 level. The joy up there was short-lived, and the price fell to $35784. We managed to get support there and start a bullish consolidation that takes us up to the $36,900 level. The price stops in that zone and […]

USD/JPY Outlook: Bulls Gaining Amid Hawkish Fed

Nov 10, 2023 Jeremy Parkinson Finance 0

The USD/JPY outlook turned bullish as the greenback gained strength from Fed hawks and rising bond yields. This surge followed remarks from Federal Reserve Chair Jerome Powell and several other Fed officials that dampened expectations of a peak in US rates. Markedly, Powell and others expressed uncertainty about whether interest rates are sufficiently high to combat […]

Elliott Wave Technical Analysis Day Chart: Euro/U.S. Dollar – Friday, Nov. 10

Nov 10, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EURUSD Elliott Wave Analysis Trading Lounge Day Chart, 10 November 2023Euro/U.S.Dollar(EURUSD) Day ChartEURUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective Structure: Z of XPosition: wave 2/BDirection Next lower Degrees: Red wave Y(started)Details: black wave Z of red wave X looking completed at 1.07563. Now looking for red wave Y of 2/B. Wave Cancel invalid level: 1.07563The “EURUSD […]