November 2023 - Page 38 of 244 -

Chinese Investors Turning To Gold

Nov 27, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Chinese investors are turning to gold.China Daily called the demand for gold “robust” through the first three quarters of 2023 and said it is expected to continue “as economic and geopolitical uncertainties may drive up investors’ purchases of safe-haven assets.”China ranks as the world’s biggest gold market, and Chinese demand has a significant impact […]

Analytical Overview Of The Main Currency Pairs – Monday, Nov. 27

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0902 Prev Close: 1.0901 % chg. over the last day: +0.29 % The dollar retreated on Friday after economic news showed that the US manufacturing PMI for November declined more than expected. The S&P Manufacturing PMI fell by 0.6 to 49.4, weaker than the expected 49.9. In addition, […]

New Home Sales Hammered In October As Homebuilders Hit The Wall, Prices Plunge

Nov 27, 2023 Jeremy Parkinson Finance 0

With existing home sales collapsing to their lowest SAAR since 2010, new home sales are the only pillar left holding up any hope in the US housing market. However, with housing affordability at its lowest since at least the early 1980s, (and homebuilder sentiment slumping as mortgage rates rose), it’s no surprise that analysts expected new […]

Keeping An Eye On The Yellow Metal

Nov 27, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay As the week gets going and markets return to fuller form following the US holiday break, things are looking pretty much the same, which is to say, the trend of Dollar selling persists.Video Length: 00:00:58More By This Author:Back To Fuller Form As US Returns Where Things Stand Into The End Of The Week […]

Buy, Buy, Buy; Falling Bond Yield Drives Tech Stocks Crazy

Nov 27, 2023 Jeremy Parkinson Finance 0

The S&P500 index has climbed 8.7% in November so far, on track for its strongest monthly showing since July 2022. It is up 19% in 2023.That is a turnaround from October when the stock market ended lower for a third consecutive month. One key to the rebound: Bond yields have fallen from their highs just […]

Market Observations: E-Mini S&P 500 Shows Signs Of Support In Rotational Week

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The E-mini S&P 500 is trading with little change, hovering around 4564. The market closed the prior week with a double distribution to a p-shaped volume profile structure. Market participants appear to have found support around the low volume area, which is currently being filled. The Point of Control (POC) might act as […]

EUR/USD: Currency Pair Of The Week – Monday, Nov. 27

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD’s upward drift continues as it edges ever closer to the 1.10 handle, now just 50 pips shy of that psychological barrier. It has been a good month for the EUR/USD, rising nearly 450 pips (4.25%) from the lowest to the highest point of the month so far. As we enter the […]

Elliott Wave Technical Analysis: PepsiCo Inc. – Monday, Nov. 27

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash PepsiCo Inc., Elliott Wave Technical AnalysisPepsiCo Inc., (Nasdaq: PEP): 4h Chart 27 November 2023PEP Stock Market Analysis: Looking for a potential wave {iv} that keep moving in the opposite direction, which is why we are considering either a diagonal into wave (c) or else we could most likely be in a complex correction […]

S&P 500 Forecast: Stocks Hover Around A 3-Month High At The Start Of A Busy Week

Nov 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash US futuresDow futures -0.1% at 35342S&P futures -0.08% at 4551Nasdaq futures +0.02% at 15956In EuropeFTSE -0.24% at 7474Dax -0.25% at 15997 US inflation data & Fed speakers in focus this week Market sees rate cut more likely than not in May E-commerce stocks under the spotlight on Cyber Monday Oil slips ahead of […]

S&P 500 Forecast: Futures Move Slightly On Holiday

Nov 27, 2023 Jeremy Parkinson Finance 0

The trading session on Thursday witnessed a lack of substantial movement in the S&P 500, a phenomenon that aligns with the observance of Thanksgiving in the United States. While the actual index remained stagnant, the futures markets also exhibited a notable reluctance to sustain momentum. This development isn’t particularly surprising, as it mirrors the overarching sentiment […]