December 2023 - Page 69 of 232 -

Softs Report – Thursday, Dec. 21

Dec 21, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayCOTTON General Comments: Cotton closed a little lower yesterday in follow through selling. Daily chart trends turned down with the price action on Friday. The weekly export sales report showed diminished sales. The US economic data has been positive, but the Chinese economic data has not been real positive and demand has been down. […]

US Third-Quarter GDP Trimmed To 4.9%, Jobless Claims Lower Than Expected

Dec 21, 2023 Jeremy Parkinson Finance 0

Image courtesy of 123rf.com The US economy expanded at a revised pace of 4.9% in the third quarter, down from the earlier figure of 5.2%. Simultaneously, jobless claims rose by just 2,000 in the week ended Dec. 16, missing economists’ estimates. US stocks were green at market open and the yield of US treasuries continued to edge lower. Jobless […]

Cheap Corn + Ethanol Profit Margins & Exprts. The Corn & Ethanol Report

Dec 21, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashWe kickedoff the day with Export Sales, GDP Growth Rate QoQ Final, GDP Price Index QoQ Final, Initial Jobless Claims, Philadelphia Fed Manufacturing Index, Continuing Jobless Claims, Core PCE Prices QoQ Final. Corporate Profits QoQ Final, GDP Sales QoQ Final, Jobless Claims 4-Week Average, PCE Prices QoQ Final, Philly Fed Business Conditions, Philly Fed […]

Turkish Central Bank Likely To End Hiking Cycle Next Month

Dec 21, 2023 Jeremy Parkinson Finance 0

Following its guidance in November and in line with the consensus, the Central Bank of Turkey raised the policy rate by 250bp to 42.5% at the last rate-setting meeting of the year. The communication in December implies an additional 250bp hike in January, pushing the policy rate to 45%, in our view.The Central Bank of Turkey in IstanbulAfter […]

Here’s What Wall Street Is Saying About Nike Ahead Of Q2 Earnings

Dec 21, 2023 Jeremy Parkinson Finance 0

Nike (NKE) is expected to report results on its fiscal second quarter on Thursday, December 21, with a conference call scheduled for 5:00 pm EDT. What to watch for:GUIDANCE: In September, Nike forecast Q2 revenue to be up slightly, with gross margin expansion of 100 basis points. The company backed its fiscal 2024 revenue guidance for up mid-single […]

Alibaba Looks Promising For 2024

Dec 21, 2023 Jeremy Parkinson Finance 0

Alibaba with ticker BABA has formed a nice bullish setup formation on a daily chart. With an impulsive five-wave rally from the lows, followed by an A-B-C corrective setback, we believe that more upside is coming in 2024. Bullish confirmation is above the resistance line of a corrective channel near 88 level.(Click on image to […]

Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 21

Dec 21, 2023 Jeremy Parkinson Finance 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0981 Prev Close: 1.0938 % chg. over the last day: -0.39 % The euro came under pressure on Wednesday on signs of easing price pressures in Europe, which is dovish for ECB policy after Germany’s Producer Price Index (which displays the rate of inflation between factories) […]

A Holly Jolly Holiday Season For Initial Jobless Claims

Dec 21, 2023 Jeremy Parkinson Finance 0

Initial jobless claims rose 2,000 last week to 205,000, while the four-week average declined -1,500 to 212,000. With the usual one-week delay, continuing claims declined by -1,000 to 1.865 million: No Christmas layoffs to speak of this year!On the more important for forecasting purposes YoY basis, initial claims are down -3.3%, the four-week average up […]

Sensex Today Ends 359 Points Higher; Nifty Ends Above 21,000

Dec 21, 2023 Jeremy Parkinson Finance 0

After a gap-down opening, the markets reversed losses seen in the first half of the trade and rebounded sharply tracking a rise in US futures and closed the day in green.Contrary to Wednesday’s moves, equity markets started lower on Thursday but ended decently higher amid buying in shares of Reliance Industries, financials, and metals stocks.At […]

Visualizing 60 Years Of Stock Market Cycles

Dec 21, 2023 Jeremy Parkinson Finance 0

Visualizing 60 Years of Stock Market Cycles Today’s stock market is nothing short of unusual.The S&P 500 has climbed over 24% to date against a backdrop of strong economic growth and rising interest rates. Despite these factors, the unemployment rate has remained low at 3.7% as of November, and inflation has moderated.To give some context on the […]