December 2023 - Page 155 of 232 -

EUR/USD Analysis: Cautious Anticipation Of Central Bank Decisions

Dec 11, 2023 Jeremy Parkinson Finance 0

The euro’s exchange rate against the rest of the other major currencies has suffered a strong setback. Thus, it’s due to growing expectations that the European Central Bank will be the first among global central banks to cut interest rates next year.Accordingly, it was natural for the price of the currency pair EUR/USD to move through strong […]

Consumer Borrowing Slows; Is The “Resilient” American Consumer Running Out Of Gas?

Dec 11, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotos The “resilient” American consumer seems to be running out of gas.Americans are still running up credit card debt but at a much slower pace. Meanwhile, borrowing for big-ticket items has cratered.Total consumer debt rose by $5.2 billion in October, according to the latest data from the Federal Reserve. That was a relatively small 1.2% […]

EUR/USD Outlook: Euro Hovers Near Three-Week Low

Dec 11, 2023 Jeremy Parkinson Finance 0

Entering the week, the EUR/USD outlook was bearish, with the euro lingering near the more than three-week low of $1.07235 set on Friday. Meanwhile, the pair experienced a decline on Friday as the dollar surged, fueled by upbeat employment data.In November, US employers expanded their payrolls by 199,000 workers, beating economists’ expectations of 180,000. Moreover, […]

Just One More Hyped Up Jobs Report

Dec 11, 2023 Jeremy Parkinson Finance, No picture 0

According to the latest non-farm payroll report from the Bureau of Labor Statistics (BLS) the US economy added 199,000 new jobs in November and the unemployment rate dropped to 3.7%. This was widely viewed as a “strong” jobs report. According to one mainstream analyst, the November employment data “portrays an economy that is easing toward a soft […]

Investors Shift Time Horizon To More Distant Future

Dec 11, 2023 Jeremy Parkinson Finance, No picture 0

The S&P 500 (Index: SPX) didn’t change much during the first full trading week of December 2023. The index closed the week at 4604.37, up 0.2% from where it closed out the previous week.But the dividend futures-based model indicates investors pushed out their time horizon by a quarter toward the more distant future quarter of 2024-Q2. The change comes […]

Elliott Wave Technical Analysis: Bitcoin/U.S. Dollar – Monday, Dec. 11

Dec 11, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Elliott Wave Analysis TradingLounge Daily Chart, 11 December 2023Bitcoin/U.S. Dollar(BTCUSD)BTCUSD Elliott Wave Technical AnalysisFunction: Follow TrendMode: MotiveStructure: ImpulsePosition: Wave((5))Direction Next higher Degrees: wave I of ImpulseWave Cancel invalid level:Details: Wave 4 may end and the price entering to wave 5Bitcoin/U.S. Dollar(BTCUSD) Trading Strategy: Bitcoin continues to soar But it is the rise of […]

IONQ Expects Choppiness In Double Correction

Dec 11, 2023 Jeremy Parkinson Finance 0

IONQ Inc., (IONQ) engages in the development of general-purpose quantum computing systems in the US. It sells the access to quantum computers of various qubit capacities. The company makes access to its quantum computers through cloud platforms, such as Amazon web services, Amazon Braket, Microsoft’s Azure Quantum & Google’s cloud marketplace. It is based in […]

Week Ahead: EURUSD To React To Fed And ECB Decisions

Dec 11, 2023 Jeremy Parkinson Finance 0

The world’s most popular currency pair has been in the doldrums this month after peaking above 1.10 at the end of November. The huge dovish repricing of ECB rate cut bets has seen markets give a 75% chance of a 25bp cut in March and 135bps next year. Will the ECB (and Fed) push back […]

Bull Of The Day: Crispr Therapeutics

Dec 11, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosCRISPR Therapeutics (CRSP) just made history on Friday with the first FDA-approved gene-editing medicine based on the Nobel Prize-winning discovery that targets disease with the billion-year old defense mechanism bacteria use to battle viruses.CRISPR — which stands for clustered regularly interspaced short palindromic repeats — was discovered and described as a potential gene modifying […]

Bitcoin Up To $40659 And Ethereum Up To $2145 This Morning

Dec 11, 2023 Jeremy Parkinson Finance 0

Bitcoin chart analysisThe Bitcoin price was calm during the weekend and moved steadily in the $43600-$44400 range. A bearish impulse followed at the start of this week, and the price fell this morning to the $40,659 level. We stayed down there briefly, and the price near the door was above $42,000. After that we see […]