November 2023 - Page 236 of 244 -

AUDUSD Elliott Wave Bounce Corrective Or Simple A-B-C?

Nov 02, 2023 Jeremy Parkinson Finance 0

The short-term Elliott wave view in the AUDUSD suggests that the decline from the 02 February 2023 peak has ended as a diagonal structure where wave 1 ended at $0.6458 low. A bounce to $0.6899 high ended wave 2. Wave 3 ended at $0.6356 low, and wave 4 ended at $0.6511 high. Then a decline to $0.6269 […]

FX Daily: Fed Pause Renews Interest In The Carry Trade

Nov 02, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Eric Prouzet on UnsplashEven though it was a hawkish hold, the Fed’s decision to leave rates unchanged for a second meeting in a row has seen interest rate volatility drop and high-yielding currencies start to perform well again. This may be an emerging trend, especially if tomorrow’s jobs data isn’t too hot. The focus today […]

Bitcoin Forms Bullish Pennant As Raydium, Celestia, EOS Prices Rise

Nov 02, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Bitcoin price has formed a bullish pennant pattern on the daily chart. The coin surged to the highest point this year after the Fed decision. Cryptocurrencies like Raydium, Celestia, and EOS joined the rally. Bitcoin (BTC) price continued its bullish trend in the overnight session after the Federal Reserve decided to leave interest rates […]

Elliott Wave Technical Analysis: LINKUSD – Thursday, November 2

Nov 02, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Elliott Wave Analysis TradingLounge Daily Chart, 2 November 23, ChainLink / U.S. dollar(LINKUSD) LINKUSD Elliott Wave Technical Analysis Function: Follow Trend Mode: Motive Structure: Impulse Position: Wave ((3)) Direction Next higher Degrees: Wave I of Impulse Wave Cancel invalid Level: 8.259 Details: Wave 3 equal to 200.00% of Wave 1 at 12.719 ChainLink […]

Financial Markets Report For Wednesday, November 1

Nov 02, 2023 Jeremy Parkinson Finance 0

Image source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, November 1.Video Length: 00:16:15More By This Author:Metals Report For Wednesday, November 1 SPDR ETF Report For Tuesday, October 31 Financial Markets Report For Tuesday, October 31

Asia Morning Bites For Thursday, November 2

Nov 02, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashGlobal macro and markets Global markets: If last night’s FOMC meeting was supposed to be a “hawkish pause”, then markets weren’t listening. Yields on the 2Y US Treasury note dropped 14.4bp, taking them below 5% (4.944%), and there was an even bigger drop at the longer end. 10Y yields fell 19.7bp to 4.734%, and implied […]

Macro: Oct S&P Final And ISM PMI

Nov 01, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayNew orders up, backlogs down, employment down, inflation up. Index at 50, kiss your mother. As with the regional surveys, the takeaway here as the Chief Economist of S&P Global says, “conditions stabilize.” There is not a good gauge on direction here.S&P Global PMIISM Manufacturing came in at 46.7, again below 48.7 the baseline […]

USD/JPY Corrects Further From YTD Top, Slides To 150.00 Neighbourhood Amid USD Selling Bias

Nov 01, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash USD/JPY remains under some selling pressure for the second successive day amid a weaker USD. Expectations that the Fed is don raising rates and sliding US bond yields weigh on the Greenback. The Fed-BoJ policy divergence should limit gains for the JPY and limit the downside for the major. The USD/JPY pair extends […]

Navigating Through Stormy Skies: A Sell Stance On JetBlue Airways

Nov 01, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashIntroduction The airline sector is notably turbulent, with carriers like JetBlue Airways (JBLU) facing headwinds from various fronts. Analyzing JetBlue’s recent financial performance and operational hurdles presents a scenario that merits a “Sell” recommendation. Here’s an analytical breakdown of the factors contributing to this stance: Financial Discrepancies: 1). Earnings Misfire – JetBlue’s Q3 per-share loss of […]

Mechanical Volatility Melt Sends Stocks Higher On November 1, 2023

Nov 01, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashThere is a big obsession about the Fed being done raising rates. If you listened to today’s press conference, it would seem that the risk is that they are not done, and the problematic part is that they seem to be entirely data-dependent at this point, with really no plan or course of action. […]