December 2023 - Page 156 of 232 -

Bearish Reversal In Gold & Nasty Reversal In Silver

Dec 11, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash We thought Gold was on its way after convincing weekly and monthly closes, but it put in a bearish reversal at $2100. Silver put in a nasty reversal at $26.We discuss the short-term outlook and note that $2100 and $26 are the gateways to new bull markets.Video Length: 00:06:41More By This Author:Rick Rule: […]

Ethereum Forecast: Sees Buyers

Dec 11, 2023 Jeremy Parkinson Finance 0

Ethereum’s role in the crypto ecosystem and its appeal to investors continue to shape its trajectory, closely intertwined with developments in interest rates. Ethereum exhibited a back-and-forth pattern during the early hours of Friday, revealing signs of potential strain in this market. However, Ethereum’s performance has lagged behind Bitcoin, suggesting it may have some ground […]

USD/JPY Forecast: Dollar Recovers Ahead Of Inflation, Fed

Dec 11, 2023 Jeremy Parkinson Finance 0

An optimistic USD/JPY forecast set the tone for a bullish journey, fueled by the dollar’s promising start to the week. All eyes were fixed on the US inflation data and the Federal Reserve’s year-end policy meeting. The dollar strengthened on Friday after data revealed an acceleration in US job growth in November and a drop in […]

Deflationary Processes Are Intensifying In China

Dec 11, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay At the close of the stock market on Friday, the Dow Jones Index (US30) was up by 0.82% (+0.44% for the week), while the S&P 500 Index (US500) added 0.41% (+0.88% for the week). The Nasdaq Technology Index (US100) closed up by 0.45% (+1.66% for the week) on Friday. Stocks initially declined on Friday, and bond yields jumped after the monthly […]

GBP/USD Forex Signal: Brief Comeback Likely Ahead Of FOMC, BoE Decisions

Dec 11, 2023 Jeremy Parkinson Finance 0

A weaker-than-expected inflation report will raise the probability of the Fed starting cutting rates in the first half of 2023. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2600. Add a stop-loss at 1.2500. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2525 and a take-profit at 1.2450. Add a stop-loss at 1.2625. The […]

Dollar Recovers On Strong US Economic Data

Dec 11, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay Last Friday’s US jobs report sent a message to the currency market that it shouldn’t be so sure about where the Fed is headed next. We’ve seen a lot of pricing in of peak rates and the start of rate cuts and yet, Friday’s strong US data would argue the Fed still needs […]

EURUSD Is Above 1.0760 And GBPUSD Is Hovering Around 1.2550

Dec 11, 2023 Jeremy Parkinson Finance 0

EURUSD chart analysisOn Friday, EURUSD pulled back to 1.07237 level, forming a two-week low. After that, we held above it and moved up to the 1.07600 level. During the Asian trading session, the pair moved in the 1.07600-1.07700 range. We remain under pressure not far from last week’s low. A new test could lead to […]

FOMC Meeting Looms Large Following Strong NFP Performance

Dec 11, 2023 Jeremy Parkinson Finance 0

The recent employment report, surpassing expectations, showcased a resilient economy with a seasonal addition of 199,000 jobs in the past month. This boost, partly attributed to the resolution of auto strikes, outpaced October’s job increase of 150,000. The unemployment rate, experiencing a dip from 3.9% to 3.7%, reflected a healthy job market, hindered only by […]

Soft Landings Don’t Happen

Dec 11, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay A discussion about the market and the US economy.Video Length: 00:25:40More By This Author:All Signs Point To Lower Rates Ahead Big Moves In The Markets Global Markets Are Preparing For Something Massive, But What?

Daily Market Outlook – Monday, Dec. 11

Dec 11, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels Asia – Stocks in the Asia-Pacific region traded mixed as investors processed recent data releases, including strong US jobs data and worsening deflation in China. This week’s upcoming risk events, such as US CPI data and central bank updates, added to the cautious mood. The Nikkei 225 was the biggest gainer, following a […]