October 2024 - Page 18 of 244 -

German Economy Surprises In The Third Quarter

Oct 30, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The German economy avoided a technical recession in the third quarter, showing unexpected growth. However, this does not change the fact that the economy remains stuck in stagnation.A recession has been avoided. Has all the drama just been exaggerated? After a stream of negative economic news, the German economy just posted a positive surprise.According […]

AUD/USD Continues Downward Spiral Amid Economic Concerns

Oct 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Australian dollar remains under significant pressure, with AUD/USD extending its downtrend mid-week to reach 0.6539, the lowest since August. The decline, which began on 1 October, has been relentless, with the pair experiencing little to no respite from its downward trajectory.Recent data indicating that Australia’s annual inflation cooled to 2.8% in Q3 […]

Daily Market Outlook – Wednesday, Oct. 30

Oct 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Asia shares declined on Wednesday due to weakness in China, as investors brace for a closely contested U.S. election that could have significant implications for the world’s second-largest economy, even as Beijing tries to boost growth. Gold reached a record high as concerns over the tight U.S. presidential race supported the yellow metal, […]

Benjamin Graham’s Trading Strategy

Oct 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Benjamin Graham, known as the father of value investing, crafted an investment philosophy grounded in resilience, safety, and a systematic approach to analyzing stocks. Despite significant personal and financial hardships—including losing his fortune in the 1929 crash and suffering family tragedies—Graham’s philosophies have stood the test of time and shaped the foundation of […]

Two Trades To Watch: GBP/USD, FTSE 100 Forecast – Wednesday, Oct. 30

Oct 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels GBP/USD falling ahead of the UK Budget & US GDP dataGBP.USD is falling as the market turns cautious ahead of the labor government’s debut budget later today. Rachel Reeves, the Chancellor, is expected to set out about £35 billion in tax rises and spending cuts and reshape fiscal rules to give her space […]

New Home Sales Rise As Mortgage Rates Fall In September 2024, But Headwinds Build In October

Oct 30, 2024 Jeremy Parkinson Finance, No picture 0

September 2024’s new home sales were remarkably strong when compared to the muted numbers reported a month earlier.The U.S. Census Bureau’s initial estimate of the annualized number of sales in September 2024 was 738,000. If that number holds, that would be the second highest figure reported since February 2022’s finalized estimate of 773,000 new homes sold. The […]

The Climate Benefits Of LNG

Oct 30, 2024 Jeremy Parkinson Finance 0

The pause in issuing new Liquefied Natural Gas (LNG) permits is among the least defensible energy policies of this Administration. It has been widely criticized. Jamie Dimon called it naive, and the International Energy Agency worries that it will impede the supply of natural gas on global markets.The US Department of Energy (DOE), which grants […]

The Commodities Feed: Gold Rises To Another Record High

Oct 30, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold climbed to another record high this morning, following an all-time peak just yesterday. Markets are very much focused on next week’s US election. Metals – Gold hits another record highGold hit another record high this morning, topping the all-time peak set just yesterday, climbing to $2,789.86/oz.Gold’s rise comes despite rising bond yields […]

EURUSD Breaks Out: Bullish Momentum Takes Hold

Oct 30, 2024 Jeremy Parkinson Finance 0

In a significant turn of events, the EURUSD pair has shown resilience and strength, marking a potential shift in its recent trend. The pair’s refusal to break below the crucial 1.0761 support level, coupled with its successful breach of the 1.0839 resistance, has caught the attention of forex traders worldwide.These developments strongly suggest that the […]

Forex Today: Gold Breaks To New Record High; Bitcoin, US Stock Indices Near Records Too

Oct 30, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Several risk assets are advancing, notably Gold which is advancing strongly to new record prices, while Bitcoin and US stocks also trade bullishly near all-time high prices. With less than 1 week to go before the close of polls in the US election which will see the states and voters choose a new […]