November 2023 - Page 96 of 244 -

Crude Oil Futures: Further Recovery Not Favored

Nov 20, 2023 Jeremy Parkinson Finance 0

CME Group’s flash data for crude oil futures markets noted traders reduced further their open interest positions at the end of last week, this time by around 42.1K contracts. In the same direction, volume went down by nearly 250K contracts after three consecutive daily builds. WTI: The next target emerges at the 200-day SMAPrices of WTI rebounded […]

FX Daily: Bearish Unwind Into Thanksgiving

Nov 20, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Most asset classes have performed well since last Tuesday’s US CPI release was soft enough to rule out any further Fed tightening. It is too early to say whether this is genuine buying of risk assets or more just short-covering ahead of Thursday’s US Thanksgiving public holiday. However, it does look like the dollar […]

Elliott Wave Technical Analysis Day Chart: Australian Dollar/U.S. Dollar – Monday, Nov. 20

Nov 20, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay AUDUSD Elliott Wave Analysis Trading Lounge Day Chart, 20 November 2023Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: Blue wave 3 of 1Position: black wave 1Direction Next Lower Degrees: blue corrective wave 4Details: blue corrective wave 2 completed between fib level 61.80 to 72.60 . Now blue wave […]

Elliott Wave Technical Analysis 4 Hour Chart: Australian Dollar/U.S. Dollar – Monday, Nov. 20

Nov 20, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels AUDUSD Elliott Wave Analysis Trading Lounge 4 Hour Chart, 20 November 2023Australian Dollar/U.S.Dollar (AUDUSD) 4 Hour ChartAUDUSD Elliott Wave Technical AnalysisFunction: TrendMode: impulsiveStructure: Red wave 3 of 3Position: Blue wave 3Direction Next Higher Degrees: red wave 3 of 3(continue)Details: red corrective wave 2 looking completed at 0.64528 . Now red wave 3 […]

Economic Data Forecasts For The Weeks Of November 20 & 27

Nov 20, 2023 Jeremy Parkinson Finance, No picture 0

Here are my forecasts for upcoming economic data Forecast Prior Observation Consensus Week of November 20 November 20 Leading Indicators -0.6% -0.7 -0.7 November 21 Chicago Fed National Activity Index – October 0.0 0.02 Existing Home […]

Market Briefing For Monday, Nov. 20th

Nov 20, 2023 Jeremy Parkinson Finance 0

Late-year rejiggering is generally what’s afoot; hence the S&P is very quiet, which is actually pretty constructive as far as nominal consolidation after what was a barn-burner of a rebound coming off our washout lows of late October.A few variables could hinder the market holding together; but so far so good. I am not bothered by interest […]

Rebalanced American Cannabis MSOs Index Up 5% Last Week

Nov 20, 2023 Jeremy Parkinson Finance 0

The munKNEE’s American Cannabis MSOs Index was rebalanced last week with the deletion of The Cannabist Company (CBSTF), formerly Columbia Care, whose stock price has fallen to just $0.38 (well below the minimum $1/share requirement for inclusion in the Index), and the addition of Ayr Wellness (AYRWF) whose market capitalization has risen dramatically to $168M with a current […]

Current Analysis: Sankyo (SKXJF)

Nov 20, 2023 Jeremy Parkinson Finance 0

Photo by Susann Schuster on Unsplash Sankyo Co Ltd (SKXJF) manufactures and sells pachinko and pachislot machines to the gambling industry. Pachinko machines, gambling devices with pinball-like characteristics, are sold to pachinko parlors throughout Japan. It sells its products under the SANKYO, Bisty, and JB brands.Pachinko parlors allow users to purchase small steel balls, which are utilized in pachinko […]

Palantir Technologies (PLTR) – A Strong Buy With Potential And Challenges

Nov 19, 2023 Jeremy Parkinson Finance, No picture 0

Palantir Technologies, Inc. (PLTR) presents a complex case for investment consideration. The company, known for its sophisticated data analytics platforms, operates in a market that’s rapidly evolving and increasingly competitive. Here’s a deeper dive into the various aspects of Palantir’s business and financials, backed by a strategic and analytical perspective.1. Product Diversification and Market Positioning: […]

What We Know About Gold

Nov 19, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayWhat we know about gold is simple and straightforward. Gold is real money and a long-term store of value.Gold’s value is in its use as money. Its price has nothing do with its value. In fact, the price of gold has nothing to do with gold at all. The higher price of gold over […]