November 2023 - Page 56 of 244 -

Waning U.S. Liquidity Pressure Set To Accelerate In 2024

Nov 24, 2023 Jeremy Parkinson Finance 0

Quantitative tightening has been humming broadly unnoticed in the background through 2023, but it will have an accelerated impact next year. While the level of rates will fall, the perception of liquidity will tighten. Bank reserves will fall in the second half of 2024, and QT will have wound down to prevent liquidity stress by year-end.Image Source: Pixabay Reverse […]

US Manufacturing PMI Unexpectedly Slumps Into Contraction; Jobs & Prices Lower

Nov 24, 2023 Jeremy Parkinson Finance 0

Amid a collapse in ‘hard’ economic data, ‘soft’ surveys from S&P Global were expected to see both Services and Manufacturing PMIs slide further in preliminary November data.However, the data was more mixed with US Manufacturing falling more than expected to 49.4 – back into contraction – (vs 49.9 exp) from 50.0 in October. However, US Services unexpectedly rose from 50.6 […]

Analytical Overview Of The Main Currency Pairs – Friday, Nov. 24

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0886 Prev Close: 1.0901 % chg. over the last day: +0.14 % The preliminary data on the German Manufacturing PMI exceeded the consensus forecast of 41.2 and amounted to 42.3, indicating a partial recovery in the face of the persistent recession. The Business Activity Index in the […]

An Economics Lesson From The Pilgrims

Nov 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Did you know Thanksgiving almost didn’t happen thanks to the Pilgrims’ experiment with socialism? It didn’t work. Fortunately, they figured out some economic truths and the rest is history. In this episode of the Friday Gold Wrap, I tell the Thanksgiving story you almost certainly didn’t hear in school. I also explain why today is […]

Both PMIs Surprise!

Nov 24, 2023 Jeremy Parkinson Finance 0

S&P 500 kept modestly grinding higher during these low volume days, and bullish sectoral composition Wednesday – leading tech with communications (great moves in both sectors) followed by financials with industrials, pave the way for today‘s services and manufacturing PMI – clients of both daily publications and our intraday channel, have been and are ready, […]

Complexities Of Trading Oil Amidst OPEC+ Tensions

Nov 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay In the ever-shifting landscape of global markets, the trajectory of oil prices can send ripples across economies. Recently, the market witnessed a subtle surge in oil prices, setting the stage for a potential rebound after weeks of decline. However, the currents are tumultuous beneath the surface, marked by uncertainties and geopolitical tensions. This […]

US Stock Futures Unchanged As Traders Return From Thanksgiving Break

Nov 24, 2023 Jeremy Parkinson Finance 0

US Stock Futures: Stock futures in the US oscillate between small gains and losses as traders return from Thanksgiving to a shortened day of trading. Treasury yields rebound from recent lows following a selloff in European bonds. Investors await the S&P Global PMIs for the first update on US economic performance in November. NVIDIA’s premarket […]

Buy These 3 Energy Mutual Funds For Attractive Returns

Nov 24, 2023 Jeremy Parkinson Finance 0

Image source: Pexels Photo by MonsteraThe recent war between Israel and the Palestine-based militant group Hamas has affected the global supply chain. Also, the prevailing war between Russia and Ukraine has prompted several governments, including the Biden administration, to impose sanctions on Russian oil and energy. Crude prices have gone up on supply concerns from Russia, which […]

Hungary’s Labor Market Cools Slightly

Nov 24, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay The cost of living crisis has not gone completely unnoticed in employment statistics, with labor metrics cooling slightly in the autumn. However, the labor market still remains tight, which also puts upward pressure on wage growth. There has been a slight increase in the unemployment rateAccording to the latest unemployment statistics published by […]

Bear Of The Day: Lowe’s

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Lowe’s Companies (LOW) posted mixed results this week for their Q3, with the topline missing the Zacks Consensus Estimate while EPS fell in line with estimates. And both sales and earnings fell from the previous year’s quarterly readings.Lowe’s has evolved as one of the world’s leading home improvement retailers, competing with Home Depot ((HD Quick QuoteHD – Free Report) ) and […]