November 2023 - Page 20 of 244 -

RBNZ Kept Interest Rates At The Same Level

Nov 29, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay At Tuesday’s close, the Dow Jones Index (US30) increased by 0.24%, while the S&P 500 Index (US500) was up by 0.10%. The Nasdaq Technology Index (US100) closed positively by 0.29% on Tuesday. Meanwhile, the Dow Jones Industrials (US30) index rose to a 3-month-high. Stocks rose on Tuesday thanks to dovish comments from Fed spokesman Waller, which lowered the 10-year T-note yield and reinforced […]

Bitcoin Is Back Above $3800 And Ethereum Is Just Up To $2080

Nov 29, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisYesterday’s Bitcoin price support at $37,000 initiated a bullish consolidation to the $38,420 level. We managed to form this week’s high for now. This was followed by a pullback to the $37800 level, where we got support and started a new bullish consolidation. Bitcoin is climbing above the $38,000 level again, currently consolidating […]

US Dollar Commentary – Wednesday, Nov. 29

Nov 29, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels DXY PlungesThe US Dollar was seen plunging to its lowest level since early August yesterday as traders digested the latest Fed commentary. Fed’s Waller commented yesterday that he was encouraged by the slowing of the US economy and believed that Fed monetary policy was in the right place to bring inflation down to […]

GBP/USD Forex Signal: Get Supercharged By The Tumbling USD

Nov 29, 2023 Jeremy Parkinson Finance 0

The pair has jumped above the 25-period and 50-period moving averages, signaling that bulls are in control. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2800. Add a stop-loss at 1.2600. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2670 and a take-profit at 1.2600. Add a stop-loss at 1.2750. The GBP/USD pair continued its recovery […]

New And Revised Data Suggests Possible Negative Change In Trend For U.S. New Home Market Cap

Nov 29, 2023 Jeremy Parkinson Finance, No picture 0

What a difference a month and data revisions make!It was just a month ago that U.S. Census Bureau data on new home sales put the total value of all new homes sold during September 2023 within half a billion dollars of the $31.05 billion peak reached at the height of the U.S housing bubble in August 2005.But […]

EUR/USD Forecast: Attempting To Breakout Still There is Major Support Underneath

Nov 29, 2023 Jeremy Parkinson Finance 0

Traders and investors alike should closely monitor the 1.10 threshold, as its breach could signal a significant change in the euro’s direction. During Tuesday’s trading session, the euro initially experienced a decline but subsequently demonstrated a resurgence, indicating a potential buildup of momentum. This movement suggests an attempt to breach the significant 1.10 level, which is not […]

Owning Super Micro Computer Shares Is A No-Brainer – Here’s Why

Nov 29, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Michael Dziedzic on UnsplashSuper Micro Computer’s (SMCI) stock price is UP 250% as of today but despite this tremendous jump ALL its valuation metrics suggest that buying SMCI stock is a no-brainer. SMCI Valuation Metrics Are Excellent Its price-to-earnings (P/E) ratio: 16.5x (27.0% BELOW the sector median of 22.6x) Its current price-to- sales ratio […]

Crude Oil Futures: Further Upside Not Favored

Nov 29, 2023 Jeremy Parkinson Finance 0

CME Group’s flash data for crude oil futures markets noted traders reduced their open interest positions by around 5.8K contracts after four consecutive daily builds. On the other hand, volume added around 180.3K contracts to the previous daily advance. WTI: Another drop to $72.00 is not ruled outTuesday’s marked advance in prices of WTI was […]

Elliott Wave Technical Analysis Day Chart: U.S. Dollar/Canadian Dollar – Wednesday, Nov. 29

Nov 29, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash USD/CAD Elliott Wave Analysis Trading Lounge Day Chart, 29 November 2023U.S. Dollar/Canadian Dollar(USD/CAD) Day ChartUSD/CAD Elliott Wave Technical AnalysisFunction: Counter TrendMode: corrective Structure: blue wave C of black wave BPosition: black wave BDirection Next Higher Degrees: black wave CDetails: Blue wave B looking completed at 1.37679, now blue wave C of black wave […]

Market Briefing For Wednesday, Nov. 29

Nov 29, 2023 Jeremy Parkinson Finance 0

Neutrality and jitters describes the undertone of this market. Fragility going into December has been our expectation as a part of ‘reasonable’ progression with a bullish outcome into early 2024, presuming geopolitical or variables in the financial realm don’t intervene. S&P stretching pending a probable dip.FreepikSome risk has come off-the-table for the smaller stocks, but that doesn’t mean […]