December 2023 - Page 128 of 232 -

USDNOK Can Be Trapped In A Triangle

Dec 14, 2023 Jeremy Parkinson Finance 0

Since the beginning of 2023, USDNOK is trading in sideways consolidation that can be a corrective (A)-(B)-(C)-(D)-(E) running triangle pattern within wave B before we will see a bigger recovery for wave C of B. On a daily chart it can be now slowing down within final subwave (E) that can retest lower triangle line […]

Sensex Today Rallies 930 Points; IRFC Zooms 10%

Dec 14, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended the day on a firm footing.Dovish Federal Reserve commentary powered the Dalal Street today.At the closing bell, the BSE Sensex stood higher by 930 points (up 1.3%).Meanwhile, the NSE Nifty closed higher by 256 points (up 1.2%).Tech […]

Real Retail Sales Mildly Positive, But Still Suggest Further Deceleration In Job Gains

Dec 14, 2023 Jeremy Parkinson Finance 0

Before proceeding further, I should mention – and should have mentioned as to jobless claims – that we are in that part of the year where seasonality often wreaks havoc, so outsized gains or losses should be taken with a grain of salt.This is particularly true as to YoY comparisons of retail claims, because last […]

Risk-On Signal For Global Markets Strengthens After Fed News

Dec 14, 2023 Jeremy Parkinson Finance 0

A month ago the trend in global markets remained bullish despite the fallout from a correction that started mid-summer, based on several sets of ETF pairs. Following yesterday’s upbeat Federal Reserve news, however, the upbeat outlook has strengthened.The central bank left its policy rate unchanged for a third time while suggesting that a round of rate cuts […]

I Promised FOMC Fireworks

Dec 14, 2023 Jeremy Parkinson Finance 0

Just as I wrote yesterday, FOMC delivered fireworks and Santa is at work everywhere, not just in S&P 500. In today‘s special analysis revealing how I played the stock market move in our intraday channel, I‘ll also show you as continuation of my weekly stock and sectoral picks to outperform the S&P 500, and a continuation of […]

Asia Week Ahead: Central Bank Decisions Plus RBA Minutes To Close Out 2023

Dec 14, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash As we approach the end of the year, activity in Asia will be relatively light, so we are previewing all data until year-end. The last few highlights of 2023 include rate decisions from China, Japan, and Indonesia, while Korea will release its survey on Business Sentiment. China LPR is expected to remain on […]

Asian Stock: Toyota Motor

Dec 14, 2023 Jeremy Parkinson Finance 0

Company: Toyota Motor CorporationBloomberg ticker: 7203 JPMarket cap: US$292,578mBackground: Toyota Motor Corporation is a Japanese multinational automotive manufacturer. Toyota is one of the largest automobile manufacturers in the world, producing about 10 million vehicles per year. World Class Benchmarking of Toyota Motor Profitable Growth rank of 6 was up compared to the prior period’s 7th rank This is below average performance compared to […]

Elliott Wave Technical Analysis: UnitedHealth Group Inc.

Dec 14, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash UnitedHealth Group Inc., Elliott Wave Technical AnalysisUnitedHealth Group Inc., (NYSE: UNH): 4h Chart 14 December 2023UNH Stock Market Analysis: We have been moving as expected, we have been looking for further upside as we identified wave (ii) to be corrective in structure. Looking for further upside into wave {v}.UNH Elliott Wave Count: Wave […]

ECB Holds Rates Steady, Cuts Growth & Inflation Outlooks

Dec 14, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay As completely expected, The ECB held policy steady, reiterating its guidance on future moves unchanged: “Based on its current assessment, the Governing Council considers that the key ECB interest rates are at levels that, maintained for a sufficiently long duration, will make a substantial contribution to this goal. The Governing Council’s future decisions will ensure that […]

Chart Of The Day: Enstar – Is A Star In Insurance

Dec 14, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay The Chart of the Day belongs to the multi line insurance company Enstar Group (ESGR). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the […]