November 2023 - Page 58 of 244 -

German Ifo Points To A Bottoming Out, Not A Rebound In November

Nov 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels It’s better than another drop but the latest improvement in the Ifo index is too insignificant to really celebrate. It points to a bottoming out of the German economy, rather than an imminent rebound.Germany’s most prominent leading indicator, the Ifo index, increased for the second month in a row in November, coming in at 87.3, from […]

Bitcoin Commentary – Friday, November 24

Nov 24, 2023 Jeremy Parkinson Finance 0

BTC Shrugs Off Binance NewsBitcoin is ending the week at highs with the futures price seeing a more than 6% rally yesterday. The move comes amidst a fresh uptick in expectations that the SEC will soon approve spot BTC ETF applications. Notably, the market has shaken off negative news flow this week around Binance. News […]

ECB Minutes Indicated “High Levels For A Long Time”

Nov 24, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay US stock indices were not traded yesterday due to the bank holiday. With US markets closed on Thursday due to the Thanksgiving holiday and facing a shorter trading session on Friday, currencies and US indices are likely to trade subdued today, but possibly with some volatility as liquidity is expected to remain tight.Equity […]

The Lure Of Rate Cuts In 2024

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Bond markets love nothing more than the turn of the rate cycle. That’s why we’re bullish and anticipate an evolution towards normal-looking upward curves at lower levels. It’s all sounding just a bit too normal, though. We still worry about liquidity risks, the fiscal deficit in the US, and geopolitics – and admittedly, about 2024 as a whole. The year […]

EURUSD Is Recovering Sharply, Eyeing At Least 1.10 – 1.11 Area

Nov 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Euro is trading higher, it’s recovering with a sharp reaction since the US CPI came lower than expected last week. We see price testing 1.0945 temporary resistance with wave 3 of an extended wave (C) or wave (3) of a new bullish sequence, which is our primary look because of a broken base […]

Two Trades To Watch: DAX, USD/JPY Forecast – Friday, Nov. 24

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash DAX slips as a German recession looks more likely German GDP fall -0.3% QoQ in Q3 German IFO business climate is expected at 87.5 vs 86.9 previously DAX tests resistance at 16000 The DAX is set to open modestly lower as recession fears build following weaker-than-expected GDP data. GDP figures from the eurozone’s largest […]

USD/CAD Price Analysis: Trims Intraday Gains, Moves Below 1.3700

Nov 24, 2023 Jeremy Parkinson Finance 0

USD/CAD cuts intraday gains, trading near 1.3690 during the European session ahead of Canada’s Retail Sales release on Friday. Investors are betting on the likelihood of no further interest rate hikes by the Federal Reserve (Fed), potentially weakening the USD/CAD pair.The technical indicators for the USD/CAD pair support the current downward trend. The Moving Average Convergence […]

Oil Moves Below $77.00 While Natural Gas Remains Below $3.00

Nov 24, 2023 Jeremy Parkinson Finance 0

Oil chart analysisThe first part of this week was very turbulent for the price of oil. We held above the $77.00 level on Monday and Tuesday, only to see bearish consolidation and a drop to the $74.00 support level on Wednesday. We managed to get support at that level and start a recovery to the […]

S&P 500 Earnings Dashboard 23Q3 – Friday, Nov. 24

Nov 24, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels S&P 500 Aggregate Estimates and Revisions The 23Q3 Y/Y blended earnings growth estimate is 7.1%. If the energy sector is excluded, the growth rate for the index is 12.6%. Of the 481 companies in the S&P 500 that have reported earnings to date for 23Q3, 81.9% reported above analyst expectations. This compares to a long-term average of 66%. The 23Q3 Y/Y blended revenue growth estimate is 1.5%. If the […]

FX Daily: Is Less Growth Pessimism Enough?

Nov 24, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash PMIs came in stronger than expected in the Eurozone and the UK yesterday and will be released in the US today. Despite the notion that Eurozone growth pessimism may have peaked, rate differentials still point to a weaker EUR/USD. We see EUR/GBP staying pressured. Riksbank FX sales will be in focus after yesterday’s […]