December 2023 - Page 81 of 232 -

Stocks – Is Being Bullish Still Justified?

Dec 20, 2023 Jeremy Parkinson Finance 0

Stocks extended the uptrend once again – will the S&P 500 reach a new all-time high soon?The S&P 500 index gained 0.59% on Tuesday, further extending the uptrend following last week’s release of the FOMC Statement release on Wednesday, which marked a pivot in the Fed’s monetary policy. The market went even closer to its […]

USD/CAD: Lower Depths In Sight As Sellers Remain Resilient

Dec 20, 2023 Jeremy Parkinson Finance 0

Traders who have been pursuing lower price action in the USD/CAD for the past handful of days may be building confidence regarding their speculative perceptions. The currency pair as of this writing is around the 1.33350 ratio and continues to sustain a price realm that is keeping crucial mid-term support levels within sight. In the short-term, it […]

Stock Market Outlook For 2024: Volatility, Dull Performance, & Even A Crash

Dec 20, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Why the 2024 Stock Market Forecast Is DireThe year 2023 will go in the books as a period in which the stock market started on shaky ground but, throughout the year, put on a stellar performance. As of this writing, key stock indices are hovering close to their all-time highs.Now, stock investors might […]

Gold Commentary – Wednesday, Dec. 20

Dec 20, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold Hovering Near HighsGold prices are hovering just below the 2069.41 level today as we move towards the US session. The recent correction lower found strong support into a test of the 1973.51 level with the price bouncing sharply form that support. The weakness in USD currently has been a major supporting factor […]

UK’s November CPI Data Shows Record Fall In Inflation, Puzzling Policymakers

Dec 20, 2023 Jeremy Parkinson Finance 0

Image source: Pixabay Inflation in the UK fell abruptly to 3.9% in November, the lowest since September 2021.Inflation in the UK surprisingly fell more than anticipated to 3.9% in November, marking the lowest reading for the headline rate since September 2021. The data caught the Bank of England by surprise and may force it to begin cutting interest […]

Two Trades To Watch: GBP/USD, EUR/USD – Wednesday, Dec. 20

Dec 20, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash GBP/USD fall after UK inflation cools by more than forecast UK CPI eases to 3.9% from 4.6% The market has ramped up rate-cut bets GBP/USD falls towards 1.26 GBP/USD is falling after UK inflation cooled by more than expected in November. CPI eased to 3.9%, its lowest level since 2021, down significantly from […]

Asian Stock: BYD Company Limited

Dec 20, 2023 Jeremy Parkinson Finance 0

TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Company: BYD Company LimitedBloomberg ticker: 002594 SZMarket cap: US$93,304mBackground: BYD Company Limited is a China-based company principally engaged in the manufacture and sales of transportation equipment. The Company is also engaged in the manufacture and sales of electronic parts […]

Natural Gas Forecast: Faces Resistance At $2.50 Amidst Bearish Sentiment

Dec 20, 2023 Jeremy Parkinson Finance 0

At the end of the day, the Natural Gas market grapples with resistance at the $2.50 level amid an overall bearish backdrop. The Natural Gas market experienced a modest decline during the latest trading session, with the $2.50 level acting as a formidable barrier to further upward movement. This price point has served as a historical anchor of […]

High Wage Growth Persists In Poland As Employment Subsides

Dec 20, 2023 Jeremy Parkinson Finance 0

Image Source: DepositPhotosPolish labour market data for November confirms both strong wage growth and employment deteriorating very slowly. Wage growth in the corporate sector should remain in double-digits in 2024. As inflation stabilises, fairly high real wage growth is set to be one of the main drivers of consumption and economic growth next year.Wage growth in November […]

From Magnificent 7 To A New Team: Conquering Bandwagon Bias

Dec 20, 2023 Jeremy Parkinson Finance 0

Image Source: Pixabay As investors cheer on the Magnificent 7, some football fans are forging new allegiances in hopes of rooting for the coming Super Bowl champion. The task isn’t easy. Recent favorites like the Bills and Bengals are fighting to make the playoffs. Indeed, a few fans of those teams will jump on the recently […]