December 2023 - Page 31 of 232 -

Gold & Silver Stocks Bullish In Q1 2024

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The technical setup for gold and silver stocks is bullish as 2024 beckons.Putting macro aside, we focus on the price action for GDX and GDXJ as well as the breadth indicators for GDX and highlight a few comparisons.Video Length: 00:09:36More By This Author:Can Gold Make Monthly, Quarterly & Yearly All-Time Highs?2024 Recession Indicator […]

Polygon Price Prediction As Manta DeFi Ecosystem Booms

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

Polygon (MATIC) price made a strong bullish breakout on Wednesday as investors cheered the network’s ecosystem growth. The token soared to a multi-month high of $1.10, its highest point since April 23rd. It has soared by more than 118% from its lowest point this year. Manta DeFi ecosystem growsPolygon, a leading layer-2 network, came under intense pressure […]

S&P 500 Signal: Looks To The Upside Longer-Term

Dec 27, 2023 Jeremy Parkinson Finance 0

The S&P 500 commenced the trading week with a noticeable upward gap, signaling its intent to forge ahead and potentially breach the formidable 4800 level. Such a breakthrough could pave the way for a continued ascent, with the lofty 5000 level emerging as a conceivable target. However, in the short term, intermittent pullbacks remain a distinct possibility, […]

Two Types Of Forecasting Errors

Dec 27, 2023 Jeremy Parkinson Finance 0

Tyler Cowen has an excellent Bloomberg article discussing the fact that economists did a poor job of forecasting the economy of 2023. FreepikBut the article has one paragraph that contains a troubling ambiguity: Krugman has lately further explained his position — complete with unironic headline — suggesting that the untangling of broken supply chains had helped lower the rate of […]

Psychedelic Drug Stocks Index Up In December; Down YTD

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The 5 constituents in the munKNEE Psychedelic Drug Stocks Index are DOWN 29.2%, on average, so far in 2023 and are now DOWN 85.9% from their highs in 2021. Below is how each constituent stock has performed so far in December, in descending order and YTD: Compass Pathways (CMPS): UP 48.0% MTD; UP 10.2% YTD is focused […]

GBP/USD Forex Signal: Stuck In A Tight Range

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

The GBP/USD pair has moved sideways in the past few days. Bullish view Buy the GBP/USD pair and set a take-profit at 1.2770. Add a stop-loss at 1.2625. Timeline: 1-2 days. Bearish view Set a sell-stop at 1.2690 and a take-profit at 1.2600. Add a stop-loss at 1.2770. The GBP/USD exchange rate was flat on Wednesday in a market characterized […]

Gold Price Forecast: Gold Remains Above $2,060 In A Low-Volume Market

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: DepositPhotosGold price hovers above $2,060 per troy ounce during the early European session on Wednesday. The upward movement in Gold prices is attributed to traders factoring in the potential for rate cuts by the Federal Reserve (Fed). Moreover, WIRP indicated that the market has priced in a 15% probability of a cut on […]

USD/CHF Holds Below 0.8550 On Heightened Risk Aversion, SNB To Adopt A Proactive Approach

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Claudio Schwarz on Unsplash USD/CHF remains below 0.8550 as risk aversion increases the safe-haven CHF demand. Shipping firms to return to the Red Sea despite Iran’s threat to close the Gibraltar Strait. Former Dallas Fed President Robert Kaplan expects the Fed not to become overly restrictive. USD/CHF pair is relatively quiet, hovering around 0.8540 during the […]

AUD/USD Forex Signal: More Upside Ahead As Iron Ore Prices Rise

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

The AUD/USD exchange rate held steady as hopes of a Fed and RBA divergence continued. Bullish view Buy the AUD/USD pair and set a take-profit at 0.6893. Add a stop-loss at 0.6700. Timeline: 1-2 days. Bearish view Set a sell-stop at 0.6780 and a take-profit at 0.6700. Add a stop-loss at 0.6850. The AUD/USD exchange rate held steady at its […]

Sensex Today Trades Higher; Energy Stocks Shine

Dec 27, 2023 Jeremy Parkinson Finance, No picture 0

Asian markets surged on Wednesday, tracking an overnight rise in US stocks, as investors bet that the Federal Reserve will cut interest rates as early as March.The Nikkei is trading 1.1% higher while the Hang Seng index is trading 1% higher.US stocks extended a rally on Tuesday, kicking off the final week of 2023 with […]