October 2024 - Page 23 of 134 -

Rates Spark: Easing Inflation Expectations Going Into The ECB Meeting

Oct 16, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay With the ECB decision on Thursday, markets are comforted by falling oil prices which are helping to ease inflation expectations. We share the market view that the ECB will cut by 25bp, but the pessimism on growth may be overdone. In the meantime, EGB spreads continue to tighten, partly driven by the 10Y Bund […]

Vodafone Share Price Rally Has Stalled: Buy, Sell, Or Hold?

Oct 16, 2024 Jeremy Parkinson Finance 0

Vodafone (VOD) share price has done well this year, helped by its ongoing transformation under Margherita Della Valle, the CEO. It has jumped by more than 25% from its lowest point in February.Vodafone is one of the biggest telecom companies globally. According to Companies by Market Cap, it is the 29th biggest player in the […]

Tracking The Current US Business Cycle In Four Charts

Oct 16, 2024 Jeremy Parkinson Finance 0

The US economy continues to defy the recession forecasts that received much attention in the summer. The primary drivers of the economic resilience: strong growth in payrolls and consumer spending. By contrast, industrial production, after a strong start once the pandemic recession ended, has faltered recently. Meanwhile, the revival of personal income has suffered one […]

Morgan Stanley Reports Double Beat In Third Quarter With $15.4 B In Revenue

Oct 16, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Morgan Stanley (NYSE: MS) reported a robust performance in the third quarter of 2024, showcasing significant growth across its business segments. The firm achieved net revenues of $15.4 billion, a notable increase from $13.3 billion in the same quarter the previous year.This increase in revenue was driven by strong performances in Institutional Securities, Wealth […]

USD/CAD Price Analysis: CPI-led Rally Fades Below 1.3800

Oct 16, 2024 Jeremy Parkinson Finance 0

The USD/CAD price analysis shows a slight retreat, with fundamentals supporting further upside. The Canadian dollar traded near a 10-week low after inflation numbers were lower than expected. Meanwhile, the greenback remained firm, with higher expectations for a small Fed rate cut in November.Canada’s annual inflation eased more than expected to 1.6% in September, raising […]

Elliott Wave Technical Analysis: Copper – Wednesday, Oct. 16

Oct 16, 2024 Jeremy Parkinson Finance 0

Copper Elliott Wave Analysis Copper retreats lower from the high of September 2024. The fall is correcting the August & September 2024 bullish run. It appears the bullish run will resume after the current sell-off is completed.Daily Chart AnalysisFrom the long term, price is unfolding into a diagonal structure from the lows of March 2020. On […]

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 […]