October 2024 - Page 16 of 133 -

Elliott Wave Analysis: Major Indices

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsElliott Wave Analysis: Major IndicesWe maintain a bullish outlook on the following indices: S&P 500, Nasdaq 100, Russell 2000, DAX 40, FTSE 100, and ASX 200. Two Elliott Wave counts point to upward movements. While alternative wave counts at the Primary degree for the S&P 500 and Bitcoin are considered, they are not critical […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Oct 16

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsMarkets are currently tracing out minute 4th wave. I’ve updated the labeling and added Fibonacci levels to complete the balance of the 4th wave. Expectations remain the same: I anticipate the minute 5th wave moving higher to complete the Intermediate 3rd wave.Video Length: 00:17:46More By This Author:Nasdaq 100 & S&P 500 Elliott Wave Update – […]

Financial Markets Report For Wednesday, Oct 16

Oct 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, October 16.Video Length: 00:11:56More By This Author:Why Central Banks Are Slashing Interest Rates: What It Means For You? SPDR ETF Report For Tuesday, Oct 15Financial Markets Report For Tuesday, Oct 15

Stocks Finish Mixed As Chip Stocks Struggle To Gain Traction

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashStocks finished the day mixed, but tomorrow morning will be a key moment for earnings season as Taiwan Semiconductor (TSMC) reports its results. These results are always closely watched, especially for insights into Nvidia’s performance, but they carry extra weight this time following ASML’s surprisingly weak results.Analysts expect TSMC to report third-quarter earnings of […]

Boeing Cash Patch Will Be Ripped Off

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashBoeing (BA) needs a lot of things, but what it needs most is cash. On Monday the $92 billion aviation giant said it would seek to fix that problem, registering a document with the U.S. Securities and Exchange Commission to raise up to $25 billion by selling debt and stock while also announcing a $10 billion credit agreement. […]

WTI Rallies After API Reports Across-The-Board Inventory Draws

Oct 16, 2024 Jeremy Parkinson Finance 0

Image Source: PixabayOil prices dipped very marginally today (with WTI holding above $70), down for the fourth day in a row as traders focused on an uncertain demand outlook – particularly from China, the world’s largest crude importer.Additionally, traders have “largely priced in the Middle East tensions,” and the base-case scenario for many of them is that there […]

Fed Inflation Credibility Measured

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: PexelsHas the Fed lost credibility, as some people have argued (e.g., EJ Antoni)?One way to assess credibility is to see whether people’s expectations of inflation at the medium term (say 3 years) comes close to the implicit target. With a PCE y/y inflation target of 2%, this means a 2.45% CPI target. Using this, […]

EUR/USD Backslides To A Ten-Week Swing Low Ahead Of ECB Rate Call

Oct 16, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD withered further on Wednesday, sagging below 1.0900. ECB rate cut looms large around the corner, broadly expected to trim rates 25 bps. Final EU inflation figures are unlikely to move the needle on Thursday. EUR/USD is in freefall, plummeting to multi-week lows as the Euro continues to crumple ahead of the European […]

Buffett Hoards Cash – Is A Market Shift Coming?

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels James Connor welcomes Jonathan Wellum, CEO of ROCKLINC Investment Partners, to discuss Warren Buffett’s decision to build cash reserves, the overvaluation of tech stocks like Nvidia, and why precious metals might become key to protecting portfolios. Wellum also covers Buffett’s increasing exposure to energy stocks, concerns over baby boomers’ equity exposure, and the […]

USD/CAD Posts Modest Gains Above 1.3750, Eyes On US Retail Sales Data

Oct 16, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD trades with mild gains around 1.3755 in Thursday’s early Asian session. The expectation of a slower pace of Fed rate cuts underpins the USD broadly. The BoC is expected to cut rates by 50 bps next week. The USD/CAD pair posts modest gains to near 1.3755 during the early Asian session on […]