October 2024 - Page 133 of 244 -

NZD/USD Analysis: More Lows And Fragile Trading Via Cautious Approach

Oct 16, 2024 Jeremy Parkinson Finance 0

The NZD/USD attained new short and near-term lows early this morning, but technical traders who are wagering on downside should remain attentive to shifting sentiment.The NZD/USD continues to flirt with lows and saw the 0.60400 come within sight earlier this morning. Inflation data from New Zealand continues to also produce lower than anticipated outcomes, showing […]

Retailers Feeling The Pressure Of Cash-Strapped Consumers

Oct 16, 2024 Jeremy Parkinson Finance 0

Major retailers have noted a pullback in consumer spending, and same-store traffic is down across restaurants this year, particularly at sit-down chains. Most are ramping up discounts and promotions to lure customers. See, After years of Increases, Companies are Rolling Back Prices: Retailers, restaurants and other companies spent years lifting prices. Now that consumers are closing […]

EUR/USD Remains Fragile As Traders Brace For ECB Policy Meeting

Oct 16, 2024 Jeremy Parkinson Finance 0

EUR/USD stays below 1.0900 as the ECB is expected to cut its borrowing rates by 25 bps on Thursday. Increasing speculation for Donald Trump’s victory in the US presidential elections has dampened the Eurozone’s economic outlook. Fed’s Waller advised a gradual reduction of interest rates over the next year. EUR/USD falls further to near 1.0880 […]

USD/JPY Forecast: Pullback After Hitting Resistance

Oct 16, 2024 Jeremy Parkinson Finance 0

The day has been fairly noisy on Tuesday in the dollar against the Japanese yen as the 150 yen level continues to be a massive barrier. That being said, the sell-off has been met with a little bit of value hunting and we currently find ourselves dancing around the 200 day EMA. This indicator is […]

Investors Underwhelmed By Latest China Moves

Oct 16, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Most of the talk has been around disappointment in global markets over China stimulus or lack thereof. Weakness in Chinese equities has rippled over into the rest of the market, even playing a role in dampening the spirits of record high US equities.Video Length: 00:01:10More By This Author:Dollar Bid, US Equities On Fire […]

The Commodities Feed: IEA Expects Oil Surplus To Persist

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

The International Energy Agency (IEA) continues to see a large surplus in the oil market for 2025 as demand remains slow while supply returns gradually. Energy – IEA trims demand estimates for the yearOil prices stabilised this morning after falling significantly over the past few sessions as some buying activity returned to the market at lower […]

SuperMicro Computers Inc. Stocks Elliott Wave Technical Analysis – Wednesday, October 16

Oct 16, 2024 Jeremy Parkinson Finance 0

SMCI Elliott Wave Analysis Trading Lounge Daily Chart,SuperMicro Computers Inc., (SMCI) Daily ChartSMCI Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: FlatPOSITION: Intermediate (4)DIRECTION: Bottom in wave (4).DETAILS: We are exploring the possibility of a bottom in wave (4) which ended with an ending diagonal in wave C of (4). SuperMicro Computers Inc., (SMCI) 1H ChartSMCI Elliott Wave Technical […]

Asian Stock: Pop Mart International Group Ltd

Oct 16, 2024 Jeremy Parkinson Finance 0

Company: Pop Mart International Group LimitedBloomberg ticker: 9992 HKMarket cap: US$8,421mBackground: Pop Mart International Group Limited is a Hong Kong-listed Chinese toy company founded by Wang Ning. The company sells so-called designer toys, and part of its successful marketing strategy has been to sell them in vending machines, but it also has staffed outlets in China and internationally. World […]

The State Of US-China Trade As New Tariffs Take Effect

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

After July 2024’s tariff-clock beating surge, the total value of trade recorded between the U.S. and China coasted slightly higher in August 2024, even as its momentum reversed.With the Biden-Harris administration’s new and expanded set of tariffs taking effect during the month, the negative change in momentum was expected. Importers of goods from China had rushed […]

Bank Earnings Are Out Showing Massive Loan Losses

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels We are in the thick of bank earnings and quarterly reports. The one theme they keep coming back to is…losses. It’s become such a problem even JPM CEO Jamie Dimon snapped during his last earnings call. The thing is, in spouting off he told the truth about all of it.Video Length: 00:18:57 More […]