November 2023 - Page 83 of 244 -

USD Index Price Analysis: Further Losses Target 103.00 And Below

Nov 21, 2023 Jeremy Parkinson Finance 0

DXY accelerates its losses and approaches 103.00. Immediately to the downside comes the weekly low of 102.93. DXY retreats for the third session in a row and trades at shouting distance from the key 103.00 support, or three-month lows.In case bears push harder, the breakdown of the November low of 103.17 should leave the door open […]

USD/CAD: Lower Price Action Turns Into Choppy Conditions

Nov 21, 2023 Jeremy Parkinson Finance 0

Intriguingly while day traders may feel perplexed, if they look at a one month chart they will see technically the USD/CAD has actually sold off rather well since hitting a high of nearly 1.39000 on the 1st of November. Speculators have likely faced rather perplexing trading results with the USD/CAD over the past handful of days. After the Consumer […]

Dick’s Sporting Goods Stock Jumps 10% On Raised Full-Year Guidance

Nov 21, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Dick’s Sporting Goods Inc reports strong results for it fiscal Q3. The chain of sporting goods stores also raised its guidance today. Dick’s Sporting Goods stock is down over 10% versus its YTD high. Dick’s Sporting Goods Inc (NYSE: DKS) jumped 10% this morning after reporting better-than-expected financial results for its third quarter […]

Cloud Stocks: Analysis Of Atlassian’s $975M Loom Acquisition

Nov 21, 2023 Jeremy Parkinson Finance 0

Photo Credit: mohamed Hassan from Pixabay Enterprise collaboration solutions provider Atlassian (Nasdaq: TEAM) recently announced its first quarter results that surpassed market expectations. The company recently expanded its communication capabilities with the $975 million acquisition of Loom. Atlassian’s FinancialsFor the first quarter, revenues grew 21% to $977.8 million, soaring ahead of the market’s forecast of $959 million. Adjusted […]

US Stocks Can Be Nearing Temporary Resistance Ahead Of FOMC

Nov 21, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Nicholas Cappello on Unsplash US stocks are in massive and impulsive recovery in November, but we can see them approaching an interesting area from a technical point of view and by Elliott wave theory.SP500 came nicely higher for wave »v« of 5, but we should be now aware of a higher degree corrective […]

Inflation-Battered Americans Raiding 401k’s To Pay Mortgages And Rent

Nov 21, 2023 Jeremy Parkinson Finance, No picture 0

In the latest sign of an economy edging deeper into troubled waters, more Americans are raiding their 401(k) retirement accounts to cover basic living costs, according to data released by Fidelity Investments on Monday. “Americans outside the wealthiest quintile have run out of extra savings generated early in the pandemic and now have less cash on hand than they […]

Fear Of Failure Is Vital To The Success Of A Free Market Economy

Nov 21, 2023 Jeremy Parkinson Finance 0

It has become popular, especially in certain fields and among certain crowds, to glorify failure.FreepikSo-called entrepreneurs and social influencers often brag about their failures. Multinational corporations publish poems encouraging failure. Vapid mottos rejecting the fear of failure are ubiquitous on motivational posters and T-shirts.These efforts are apparently meant to convey an enterprising spirit and a […]

Thankful For Lower Gas Prices

Nov 21, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay Outside of a number of retail-related earnings reports with some mixed results, it’s been a quiet morning so far with little in the way of earnings results. The only major report on the calendar today is Existing Home Sales at 10 AM, and that will be followed by the minutes from the latest FOMC […]

Markets Need A Breather

Nov 21, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Markets had a good day on Monday on low volume to start a holiday-shortened trading week, pushing into three standard deviations from the 50-DMA. While that’s not a huge bear flag, markets just overbought at this point, typically this will be followed by some type of pullback. There is presently a big gap […]

Hard Red Winter Wheat: Buying Weekly Pullbacks

Nov 21, 2023 Jeremy Parkinson Finance 0

Hard Red Winter Wheat is one of the grain commodities, along with soft red wheat, corn, soybeans and others. Within the wheat family, first of all, there is a fundamental difference between two wheat types.FreepikSoft wheat is low in protein and is basically used in cakes in pastries. By contrast, hard wheat has a higher […]