January 2024 - Page 78 of 87 -

Bitcoin Starts 2024 Off Strong, Reaching A Key New Milestone Today

Jan 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The Bitcoin spot price has started off 2024 by reaching a new key trading price. For the first time in over nine months, Bitcoin’s spot value is over $45,000 today. But is this new milestone really as significant as it seems? And what’s the next big number for BTC? Bitcoin has started […]

ETH Forecast: Builds Upward Pressure Momentum and Consolidation

Jan 02, 2024 Jeremy Parkinson Finance, No picture 0

At the end of the day, Ethereum’s recent price movements reflect a pattern of buyers stepping in during dips, signaling a quest for value opportunities. Ethereum’s recent trading sessions have exhibited some fluctuations, but it appears that buyers are stepping in during brief dips. This pattern suggests that market participants are actively seeking value opportunities. […]

GBP/USD Price Analysis: Pound Weakens After 2023’s 5% Surge

Jan 02, 2024 Jeremy Parkinson Finance 0

Last year, the pound had its strongest performance since 2017, with a 5% gain. Sticky inflation compelled the Bank of England to delay monetary easing compared to its counterparts. Markets expect a 25 basis point BOE rate cut as soon as May. FreepikThis Tuesday, the GBP/USD price analysis reveals a subtle bearish undertone, a surprising […]

Best Year For Tech Stocks Since 2003, Uptrend Looks Intact

Jan 02, 2024 Jeremy Parkinson Finance 0

The Nasdaq, dominated by technology, is set for its strongest year since 2003, with a remarkable climb of over 40%. This exceptional performance is attributed to the surge in artificial intelligence interest and a resurgence in mega-cap tech stocks.The three major indexes are also all to notch their ninth straight winning weeks. That underscores the […]

Market Blast – January 2 The Internals

Jan 02, 2024 Jeremy Parkinson Finance 0

The FuseEquity futures are getting pounded on this first day of trading in 2024. The new year offers some promise but after such a strong year in 2023 we have to expect to see some giveback and remember – nobody rings a bell at the top.FreepikInterest Rates are rising sharply this am as investors on the […]

Bond Shorts Betting On Higher Yields Probably Right Tactically But Not Strategically

Jan 02, 2024 Jeremy Parkinson Finance, No picture 0

Something is afoot in the bond land – in how bond shorts are viewing things. They have used the sharp decline in the 10-year T-yield post-December 13th FOMC meeting to aggressively go short these notes, betting on higher rates. They are probably right tactically but not strategically; in the latter, they make a killing as inflation […]

Asia’s Growth Outlook Outperformed The Eurozone

Jan 02, 2024 Jeremy Parkinson Finance, No picture 0

Image source: Pixabay At Friday’s stock market close, the Dow Jones (US30) index decreased by 0.06% (for the week +0.91%, for the year +13.74%), while the S&P500 (US500) index was down 0.28% (for the week +0.33%, for the year +24.73%) on Friday. The Nasdaq Technology Index (US100) closed negative by 0.56% on Friday (for the week +0.03%, for the year +44.52%).Hawkish comments from former US Treasury Secretary L. Summers on […]

China Continues Its Losing Streak With Lower Manufacturing PMI Figures

Jan 02, 2024 Jeremy Parkinson Finance 0

The December numbers for the Caixin Manufacturing Purchasing Managers’ Index (PMI) were released today. They remained largely flat – a far better fate than the recent NBS PMI readings for China. The NBS China PMI December figures showed the third consecutive monthly slowdown for the country. FreepikThe December numbers for the Caixin Manufacturing Purchasing Managers’ […]

Seeking Clues To Constellation Brands Q3 Earnings? A Peek Into Wall Street Projections For Key Metrics

Jan 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The upcoming report from Constellation Brands (STZ – Free Report) is expected to reveal quarterly earnings of $3.04 per share, indicating an increase of 7.4% compared to the year-ago period. Analysts forecast revenues of $2.55 billion, representing an increase of 4.7% year over year.The consensus EPS estimate for the quarter has undergone an upward revision […]

The End Of Money As We Know It. What To Expect In 2024

Jan 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: DepositPhotosMarkets closed 2023 with the strongest rally for equities, bonds, gold, and cryptocurrencies in years. The level of complacency was obvious, registering an “extreme greed” level in the Greed and Fear Index.2023 was also an unbelievably bad year for commodities, particularly oil and natural gas, something that very few would have predicted in the […]