January 2024 - Page 59 of 87 -

Bank Of England Survey Bolsters Calls For 2024 Rate Cuts

Jan 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The Bank of England is reluctant to endorse the notion of 2024 rate cuts. But its latest survey of CFOs suggests that inflationary pressures continue to ease. We expect easing to begin from the summer, albeit perhaps more gradually than markets currently expectFinancial markets are near-enough pricing six rate cuts from the Bank of […]

Daily Market Outlook: Thursday, January 4

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Asian markets experienced widespread declines as the cautious approach persisted from Wall Street, even in the absence of a specific trigger. The Nikkei 225 resumed trading after a prolonged break and recovered some of the losses seen in the region yesterday, with the decline being somewhat limited due to the recent weakening of the JPY. […]

BTC/USD Forex Signal: Wide Bullish Price Channel Short Trade Idea

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

The wider technical picture here remains bullish.My previous BTC/USD signal on 28th December produced an excellent, nicely profitable long trade from the hourly inside bar which rejected the key support level at $40,623. Today’s BTC/USD SignalsRisk 0.75% per trade.Trades may only be taken before 5 pm Tokyo time on Friday. Long Trade Ideas Go long after a bullish price […]

EUR/USD Forecast: Sees Downward Pressure In The Short Term

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

At the end of the day, the Euro’s attempt to rally faced resistance against the US dollar in Wednesday’s trading session. The Euro made an initial attempt to rally during Wednesday’s trading session but encountered some resistance against the US dollar. While it presents a more favorable performance compared to the previous Tuesday, the Euro […]

Cardano’s Market Value Drop: A Comprehensive Analysis

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Recent Market Movements of CardanoThe digital currency Cardano has recently experienced notable market fluctuations. As of a recent report, ADA’s value fell sharply to $0.5187, marking a significant 17.04% decrease within a day, a trend not seen since May 11, 2022. This downturn reduced Cardano’s market capitalization to approximately $21.1343 billion, accounting for about 1.25% of […]

GBP/JPY Price Analysis: Refreshes Weekly High Above 182.00

Jan 04, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels GBP/JPY rises swiftly above 182.00 amid uncertainty over timeframe of BoJ’s exit to loose policy. The UK Composite and Services PMI are seen remaining unchanged. Advancing 20-EMA indicates strength in the bullish bias. The GBP/JPY pair prints a fresh weekly high slightly above 182.00 as investors capitalize on risk-on mood. The cross […]

Sensex Today Trades Higher; NTPC & Tata Motors Top Gainers

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Asian shares continued to fall on Thursday as global selloff continued.The Nikkei index tanked 1.1%, while Hang Seng was trading flat. Meanwhile, Shanghai index was trading 0.4% lower.US stock indices ended the second session of the year down again in extended profit-taking on Wednesday after a strong finish to 2023, with minutes from the Federal […]

Get Used To Making Less

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Each new year brings a myriad of projections about politics, investing, life, global warming, and all things in between. I view most as “for entertainment purposes only,” trying not to take them too seriously.I pay attention to investment pundits who have walked the walk, coupled with a solid, proven track record over a […]

FX Daily: Mixed Fed Minutes Leave Dollar Momentum Intact

Jan 04, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashHawks and doves might both be satisfied with yesterday’s Fed minutes. Stressing conditionality seems inconsistent with March cut expectations, but the openness to a QT exit and concerns about the economy point the other way. Still, FX is driven by large swings in the equity market, and the dollar has retained momentum. Eurozone CPI prints are now […]

Market Briefing For Thursday, January 4

Jan 04, 2024 Jeremy Parkinson Finance 0

‘Tactical’ analysis – is more pertinent than ‘technical’ analysis, at least for the moment. So far we ascertain this ‘B’ wave (finally delivered in the wake of an overwrought ‘ascending wedge’ S&P upside blow-off) has prospects of at least more evolution, given known variable that could impact fundamentals.Freepik‘As goes the first week of the first month goes […]