2023 - Page 19 of 569 -

The Sterling’s Remarkable Rise: Reaching A Five-Month High

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Photo by Colin Watts on Unsplash In a notable market development, the sterling has soared to a fresh five-month high. This surge reflects a significant gain of over 1.3% for the month, particularly notable in the context of the US dollar to pound sterling exchange rate. As of 1019 GMT, the sterling impressively held strong at $1.28, peaking at $1.2825. Factors […]

US Pending Home Sales Index Slumps To New Record Low In November

Dec 28, 2023 Jeremy Parkinson Finance 0

With new home sales plummeting (playing catch-down to reality) and existing home sales bouncing very modestly off record lows (SAAR), pending home sales were expected to rise modestly MoM in November (+0.9%). However, Pending Home Sales missed expectations, unchanged in November (from an upwardly revised October decline of -1.2% MoM).That left the Pending Home Sales Index still down […]

Jobless Claims End The Year On A Solidly Positive Note

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

For our last data of 2023, initial jobless claims remained at a very low level, up 12,000 from one week ago to 218,000. The four-week average declined from 250 to 212,000. With the usual one-week delay, continuing claims rose 14,000 to 1.875 million: On a YoY% basis, initial claims are up only 2.3%, while the […]

Gold In 2024

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay To market observers, gold appears ready to break into new high ground measured in all the major currencies. In fact, it is the currencies’ collapse in their values, rather than gold rising. Appreciating this distinction is vital for understanding the future of the gold/currency relationship.To support this thesis, the relative price volatility for […]

Analytical Overview Of The Main Currency Pairs – Thursday, Dec. 28

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.1040 Prev Close: 1.1104 % chg. over the last day: +0.58 % The US economic news on Wednesday was weak and harmed the dollar. The Richmond Fed Manufacturing Sentiment Index for December unexpectedly fell to an 8-month low of minus 11, which was weaker than expectations of […]

3 Top Efficient Stocks To Enrich Your Portfolio In 2024

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: DepositPhotosRegardless of market conditions, companies with favorable efficiency levels are more likely to be investors’ choice. The reason is that a company with a favorable efficiency level is expected to offer impressive returns as it is believed to be positively correlated to its price performance.Notably, efficiency ratio is an indication of a company’s […]

Sensex Today Ends 372 Points Higher; Nifty Above 21,750

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash After opening the day higher, Indian share markets gained momentum as the session progressed and ended the day higher.Indian benchmark indices Sensex and Nifty hit fresh all-time highs on Thursday ahead of the monthly F&O expiry amid firm cues from the global markets.Nifty50 topped the 21,700 mark for the first time while Sensex […]

USD/CAD Forecast: Searches For Bottom Against Loonie

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Going forward, I expect a little bit of profit-taking heading into New Year’s Day, and perhaps a short-term bounce. The USD/CAD initially fell again during the trading session on Wednesday but then turned around to show some signs of life around the 1.32 level. Quite frankly, we are getting to a point where the US dollar is […]

Stock Market Melt Up Continues As Anticipated, Gold Lurks, Changes To Come In 2024

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay The macro market backdrop is not likely to go the way trend following market watchers currently anticipateIn fact, with patience, it could turn out to be like shooting contrary fish in a barrel. The stock market rally – which NFTRH had anticipated a year ago on a larger basis and since October of this year […]

Gold Steadies After Record-High Close

Dec 28, 2023 Jeremy Parkinson Finance, No picture 0

On Wednesday, December 27th, spot gold registered its highest-ever closing price at $2077.16.To be clear, the highest-ever price that this precious metal has ever traded at stands at $2147.14, using intraday prices during the December 4th session.The holiday period, with thin liquidity and volumes, can throw up some interesting price action, often with no specific catalysts attached.However, some usual suspects […]