November 2023 - Page 57 of 244 -

AUD/USD Forecast: Sees Rangebound Trading

Nov 24, 2023 Jeremy Parkinson Finance 0

In the end, the Australian dollar finds itself at a critical juncture, wrestling with formidable challenges on multiple fronts. The AUD/USD embarked on a cautious journey during early Thursday trading, teetering on the edge of the 200-Day Exponential Moving Average. This precarious dance was further complicated by the Thanksgiving holiday observed in the United States, resulting in a […]

S&P 500 Forecast: S&P 500 Drifts On Black Friday

Nov 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels US futuresDow futures -0.2% at 35150S&P futures +0.38% at 4554Nasdaq futures +0.51% at 16013In EuropeFTSE -0.02% at 7481Dax +0.5% at 16000 November is shaping up to be the strongest month in 3 years Services PMI data is expected at 50.4 vs 50.6 Retail stocks in focus as the holiday shopping period begins Nvidia […]

USD/JPY Price Analysis: Yen Gains On Japan’s Inflation Uptick

Nov 24, 2023 Jeremy Parkinson Finance 0

The USD/JPY price analysis on Friday suggested a subtle bearish sentiment, with the yen gaining strength in response to an increase in Japan’s core consumer price growth. This upward trend further bolstered the anticipation that the Bank of Japan could potentially withdraw its monetary stimulus in the near future.Notably, Japan’s core consumer price growth slightly […]

Euro Climbs To Daily Highs Near 1.0920 Prior To De Guindos Speech, US PMIs

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

The Euro maintains its bullish momentum against the US Dollar, prompting EUR/USD to build on Thursday’s gains just beyond 1.0900 at the end of the week.On the other hand, the Greenback appears mildly offered around 103.70 according to the USD Index (DXY), a region also coincident with the critical 200-day SMA.In the meantime, volatility is expected to remain at low levels […]

Short Note For The Day After Thanksgiving

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Price Action: Since the North American markets closed Wednesday, the foreign exchange market has been subdued. Most of the major currencies are +/- 0.2%. The Antipodeans and sterling have risen a bit more. The euro is in the middle of this week’s range (~$1.0850-$1.0965). The dollar is at the upper end of this week- range against the Japanese […]

Natural Gas Forecast: Looks For A Bottom

Nov 24, 2023 Jeremy Parkinson Finance 0

As the market enters the cyclical trade season, market participants are increasingly attuned to the impending drop in temperatures, a factor that invariably kindles demand for natural gas.The natural gas markets exhibited a notably subdued performance during the trading session on Thursday, reflecting the ongoing quest for a solid support base. In this landscape, the futures market […]

US Dollar Sideways Ahead Of US PMI Data On This Black Friday

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Greenback trades steady on Friday as markets reopen after Thanksgiving. US Traders gear up for import US PMI data. The US Dollar Index still resides below 104 and is at an important crossroads from a technical perspective. The US Dollar (USD) is still in its snooze fest from Thursday when US markets were […]

BRN Struggles Below 200-Day SMA Amid OPEC+ Uncertainty

Nov 24, 2023 Jeremy Parkinson Finance 0

BRN bulls are trying to stabilize around $81.24/bbl after oil prices experienced a ~1% decline on Wednesday, before swiftly paring much of those knee-jerk declines. OPEC+ will instead hold this meeting online, on November 30. Prior to the delay, markets had leaned towards an extension of Saudi Arabia’s unilateral 1 million bbl/day production cut with […]

GBP/USD Price Overbought Near 1.2550 On A Dull Day

Nov 24, 2023 Jeremy Parkinson Finance 0

The GBP/USD price retreated slightly after posting a new high of 1.2569 in the last session. The pair is trading at 1.2534 at the time of writing.The price has changed little in the short term as the US banks were closed in observance of Thanksgiving Day.Fundamentally, the price stays higher as the United Kingdom reported […]

AMC Stock Price Is Ranging: A Comeback Is Possible But Risks Remain

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AMC Entertainment’s share price has moved sideways in the past few weeks. The stock has crashed by over 98% from its highest point on record. The company has continually diluted its existing shareholders. AMC Entertainment’s (NYSE: AMC) stock price has gone sideways in the past two months as investors assess the health […]