November 2023 - Page 213 of 244 -

The One-Minute Market Report – Sunday, Nov. 5

Nov 05, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayIn this weekly market review, we will take a look at the various asset classes, sectors, equity categories, and exchange-traded funds that moved the market higher, as well as the market segments that defied the trend by moving lower. Identifying the winners and losers allows us to see the direction of significant money flows and their […]

Bitcoin Tops $35,000, Altcoins Surge, And Sam Bankman-Fried Is Found Guilty

Nov 05, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels This Week’s Summary The crypto market ends the week at a total market capitalization of $1.37 trillion. Bitcoin increased by over 2% to reach around $35,100. Ethereum moved up by nearly 5% to reach almost $1,900. XRP gained over 17% in value this week. Almost all altcoins have been seen trading in the green, with […]

COT Metals Charts: Speculator Bets Led Higher By Gold & Platinum Weekly Speculator Changes led by Gold & Platinum Strength Scores led by Steel & Gold Gold & Steel top the 6-Week Strength Trends Individual Markets:

Nov 05, 2023 Jeremy Parkinson Finance 0

Here are the latest charts and statistics for the Commitment of Traders (COT) data published by the Commodities Futures Trading Commission (CFTC).The latest COT data is updated through Tuesday October 31st and shows a quick view of how large traders (for-profit speculators and commercial entities) were positioned in the futures markets.Weekly Speculator Changes led by Gold & PlatinumThe COT metals […]

Making Sense Of Sharp Turns

Nov 05, 2023 Jeremy Parkinson Finance 0

S&P 500 broke out of its declining resistance line, and ran into the heavy resistance zone. While I don‘t doubt about the rally continuing and taking S&P 500 hundreds of points higher, a decent pullback would be most healthy here. The series of daily gaps though speaks as to the budding trend‘s strength – and […]

Gold’s Post-Geopolitical Pullback

Nov 05, 2023 Jeremy Parkinson Finance 0

Freepik From our purview, Gold appears on the perch of a downside lurch: a classic post-geopolitical pullback.“Unless like you’ve said that maybe ‘it is different this time’, right mmb?” Indeed, Squire, ‘twould be wonderful if Gold of late has been on the march as the world awakens to its real wealth trait versus that of worthless currencies. […]

Under What Conditions Would China Dump US Treasuries Or Dollar Holdings?

Nov 05, 2023 Jeremy Parkinson Finance 0

Numerous articles and Tweets have surfaced about China dumping Treasuries. First let’s investigate the rumors. Then let’s look at conditions in which China might dump dollar assets.Not China DumpingUntil the past week there was a relentless selloff in US treasuries that sent bond yields soaring.Rumors and articles surfaced that China dumping Treasuries was the reason.I […]

Dwindling ICE Arabica Coffee Inventories Hit 24-Year Low

Nov 05, 2023 Jeremy Parkinson Finance 0

FreepikArabica coffee futures are experiencing a boost as the most recent figures from Intercontinental Exchange (ICE)-monitored arabica coffee stockpiles dropped to a 24-year low. This comes after the International Coffee Organization (ICO) cautioned just a few months ago that global coffee supplies are dwindling. Stockpiles of the premium bean held in exchange-monitored warehouses dropped to 380,033 bags […]

Gold Price At Resistance Under $2,000 Ahead Of The US NFP

Nov 05, 2023 Jeremy Parkinson Finance 0

The gold price is trading in the green at $1,989 at the time of writing. The Greenback’s depreciation versus the other major currencies gave a helping hand to the yellow metal.FreepikDXY’s deeper drop helps the XAU/USD buyers to drag it towards new highs. The Greenback remains sluggish after the FOMC. Yesterday, the BOE left its […]

Pre Asia Monday Market Open: Launch Mode

Nov 05, 2023 Jeremy Parkinson Finance 0

Freepik MarketsEquity markets had a strong rally last week, accompanied by a notable decline in bond yields. The S&P 500 index surged by 5.9%The Treasury selloff has been the primary cause for the vapid selling tilt in equities since August, so with bonds in rally mode, equities were cleared for launch.The recent deluge of economic data […]

Rising Unemployment Or Strong Job Growth?

Nov 05, 2023 Jeremy Parkinson Finance 0

Understanding the economy is often like putting together a jigsaw puzzle. You try to put together the pieces in a way where they fit together and give a clear picture. Unfortunately, the data do not always cooperate with this effort.FreepikThat is very much the case with the October jobs report released Friday. On the one […]