November 2023 - Page 226 of 244 -

Shopify Daily Bullish Structure Leading The Way

Nov 03, 2023 Jeremy Parkinson Finance 0

Shopify (SHOP) is a cloud-based commerce platform that provides software for building and operating e-commerce businesses. In Q3 FY2023, Shopify’s revenue was up 25% YoY and gross profit was up 36% YoY. The company also reported positive free cash flow for the fourth consecutive quarter, which reached 16% of revenue.After the news, SHOP surged +22%. We believe […]

European Market – Friday, November 3

Nov 03, 2023 Jeremy Parkinson Finance 0

EUR Higher on ThursdayThe Euro is catching a bid today on the back of comments from ECB’s Schnabel yesterday. Following on from the ECB holding rates unchanged this month, Schnabel warned that it is too early to call an end to ECB tightening altogether and said the bank would remain vigilant over the path of […]

Job And Retail Sales Data: Always Good Until They Aren’t

Nov 03, 2023 Jeremy Parkinson Finance 0

The recent #MacroView blog noted economists are increasingly confident the economy will avoid a recession. Such is due to strong job and retail sales data. Even Jerome Powell, in his recent speech, made note of the strength of the data. To wit: “Additional evidence of persistently above-trend growth, or that tightness in the labor market is no […]

Analytical Overview Of The Main Currency Pairs – Friday, November 3

Nov 03, 2023 Jeremy Parkinson Finance 0

The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0571 Prev Close: 1.0620 % chg. over the last day: +0.46 % Comments from US Fed Chairman Jerome Powell on Wednesday after the FOMC meeting reinforced speculation that the Fed is ending its rate hike cycle. The dollar’s losses accelerated after Thursday’s release of US economic reports […]

Elliott Wave Technical Analysis: Microsoft Corp

Nov 03, 2023 Jeremy Parkinson Finance, No picture 0

Microsoft Corp., Elliott Wave Technical AnalysisMicrosoft Corp., (MSFT): 4h Chart 3 November 23MSFT Stock Market Analysis: We have been looking for upside resumption for a few days now. Looking for continuation higher into {iii} as we seemed to have found a bottom. If not we could still be in a sideways wave 4, nonetheless remaining in a […]

Sam Bankman-fried Found Guilty In FTX Fraud Trial, Faces Decades Prison-time

Nov 03, 2023 Jeremy Parkinson Finance, No picture 0

In a significant legal development that could have far-reaching consequences for the cryptocurrency industry, Sam Bankman-Fried, the co-founder of FTX, has been found guilty of all charges in the FTX trial that started on October 3.The verdict, delivered by a jury of nine women and three men, includes convictions on two counts of wire fraud, four counts of conspiracy […]

Fx Daily: EMFX Surfs In A Sea Of Green

Nov 03, 2023 Jeremy Parkinson Finance, No picture 0

It seems investors are starting to think that the Fed is done with rate hikes and are now starting to reduce underweight positions in risk assets, including emerging market currencies. This is dollar negative. Today’s US jobs data will be a key determinant of whether this week’s new trend has legs or will be quashed by […]

German Exports Disappoint Once Again

Nov 03, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThings are still looking pretty downbeat for Germany’s economy. German exports disappointed again and dropped by 2.4% month-on-month in September. The only positive of this data release is that the August drop was revised into an increase of 0.1% MoM. September imports fell by 1.7% from -0.3% MoM in August. As a consequence, the […]

SPDR ETF Report For Thursday, November 2

Nov 03, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day just ended, Thursday, November 2.Video Length: 00:20:47More By This Author:Financial Markets Report For Thursday, November 2Metals Report For Thursday, November 2Financial Markets Report For Wednesday, November 1

DAX Doing 3 Wave Corrective Bounce From The Lows

Nov 03, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayThe short-term Elliott wave view in the DAX suggests that the index has ended the cycle from the 31 July 2023 peak as a leading diagonal structure in a higher degree corrective sequence. Whereas the decline to 15468 low ended wave 1, wave 2 ended at 16042 high. Wave 3 ended at 14948 low & wave […]