2023 - Page 518 of 569 -

Eurozone Commentary, Thursday, Oct. 26

Oct 26, 2023 Jeremy Parkinson Finance 0

FreepikECB In FocusThe Euro is trading lower today ahead of the October ECB meeting in a few hours’ time. The market is widely expecting the bank to keep rates on hold though, on the back of recent stickiness in inflation, the bank is expected to retain a hawkish tone its guidance. Indeed, speaking in Greece […]

Day Chart Elliott Wave Technical Analysis: Australian Dollar / Japanese Yen, Thursday, Oct. 26

Oct 26, 2023 Jeremy Parkinson Finance, No picture 0

AUDJPY Elliott Wave Analysis Trading Lounge Day Chart, Thursday, Oct. 26UnsplashAustralian Dollar / Japanese Yen (AUDJPY) Day ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsiveStructure: blue wave 3 of CPosition: Black wave CDirection Next Higher Degrees: blue wave 4 of C Details: red wave 2 of 3 completed between fib level 61.80 to 78.60. Now red […]

4 Hour Chart, Elliott Wave Technical Analysis: Australian Dollar / Japanese Yen, Thursday, Oct. 26

Oct 26, 2023 Jeremy Parkinson Finance, No picture 0

AUDJPY Elliott Wave Analysis Trading Lounge 4 Hour Chart, Thursday, Oct. 26UnsplashAustralian Dollar / Japanese Yen(AUDJPY) 4 Hour ChartAUDJPY Elliott Wave Technical AnalysisFunction: Counter TrendMode: impulsiveStructure: red wave 3 of blue wave 3Position: Black wave CDirection Next lower Degrees: wave (3 of C) started Details: red wave 2 of 3 completed between fib level 61.80 to […]

Daily Market Outlook, Thursday, Oct. 26

Oct 26, 2023 Jeremy Parkinson Finance 0

FreepikAsiaAsian stocks experienced a decline, reaching 11-month lows, while U.S. futures also dropped. The surge in the dollar and rising Treasury yields contributed to the downturn, amidst concerns that U.S. interest rates will remain high. The MSCI’s broadest index of Asia-Pacific shares outside Japan fell by 1.5%, and Japan’s Nikkei saw a 2% decline, with […]

Market Briefing For Thursday, October 26

Oct 26, 2023 Jeremy Parkinson Finance 0

A French payment payer, plunging. That was a big financial story today and of course then the META results after the Close, which beat expectations. The shares were up and then some profit-taking but holding gains.FreepikIt matters as a key component of the modern version of the ‘nifty 50’ (FANG or ‘Mag. Seven). Meta did talk […]

HSBC Share Price Forms A Worrying Chart Pattern Ahead Of Earnings

Oct 26, 2023 Jeremy Parkinson Finance 0

HSBC stock price has pulled back recently amid concerns about its exposure to China. Standard Chartered’s China credit impairment jumped by 62% in Q3. HSBC will publish its quarterly results on October 30th. HSBC share price has pulled back in the past few weeks as investors remain concerned about its exposure to China. After peaking at […]

Crude Oil Futures: Further Upside Unlikely Near Term

Oct 26, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashOpen interest in crude oil futures markets shrank for the third consecutive session on Wednesday, now by around 4.3K contracts according to preliminary readings from CME Group. Volume, instead, increased for the second session in a row, this time by around 63.1K contracts.WTI: Another drop to $80.00 should not be ruled outWTI prices rebounded markedly […]

Korea’s Third-Quarter GDP Expands More Than Expected

Oct 26, 2023 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashGDP rose 0.6% QoQ sa in 3Q23 with improved detailsIn terms of domestic growth components, private consumption (0.3%) and construction investment (2.2%) rebounded while the contraction in facility investment (-2.7%) deepened further. Services consumption including leisure, accommodation, and eating out were the main drivers of the rebound but goods consumption was soft as wholesale/retail […]

More Option Spreads Explained: Bull Call Spreads

Oct 26, 2023 Jeremy Parkinson Finance 0

Image Source: PixabayWe’ve spent some time this month looking at various kinds of option spreads, with the bigger goal of learning the ins and outs of the strategy. It just so happens there are several different approaches to spread trading, each with their own pros and cons. Our first example was a bear put spread, though our […]

How To Read A Stock Chart (And Sharpen Your Thinking)

Oct 26, 2023 Jeremy Parkinson Finance 0

Image Source: PexelsHave you ever taken a class where it felt like the professor opened up your brain like an empty Tupperware container and filled it with knowledge?That’s what happened to me when I took a graduate-level class with one of my mentors in technical analysis, Dr. Hank Pruden.For those of you who are unfamiliar with […]