October 2024 - Page 40 of 244 -

Elliott Wave Technical Analysis: JPMorgan & Chase Co.

Oct 28, 2024 Jeremy Parkinson Finance 0

JPM Elliott Wave Analysis Trading LoungeJP Morgan & Chase Co., (JPM) Daily ChartJPM Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Minor wave 5DIRECTION: Upside within wave 5.DETAILS: Looking at the possibility of a wave {i} of 5 completed as we reached 220$ and we could not be looking for a pullbackn in wave {ii} before turning higher. […]

Weekly Market Pulse: Rose Colored Glasses?

Oct 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions… Alan Greenspan, The Challenge of Central Banking in a Democratic Society At the Annual Dinner and Francis Boyer Lecture of The American Enterprise Institute for Public Policy Research, Washington, D.C. […]

Daily Market Outlook – Monday, Oct. 28

Oct 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The results of Japan’s Lower House elections have led to a significant defeat for the Liberal Democrat-Komeito coalition. This is likely to contribute to ongoing volatility in the USDJPY exchange rate as political uncertainty in Japan is compounded by other macro risks, the benchmark Nikkei225 is trading sharply higher, gaining 1.8%. Mainland China […]

The Inflationists’ Narrative Is Crumbling

Oct 28, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The United States 10-year government bond yield reached a low of 3.6% in September but has rapidly creeped up to 4.2%, erasing all the rate cut impact. The primary cause is the out-of-control public spending and the lack of confidence among bond investors in the government’s ability to manage its public finances. Therefore, […]

EUR/USD Weakens Amid Global Economic Uncertainty And Strong US Dollar

Oct 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The EUR/USD pair began the week around 1.0789, reflecting heightened global economic uncertainties and a strong inclination towards safe-haven assets. The appeal of the US dollar is bolstered by rising US government bond yields and positive consumer confidence indicators from the University of Michigan, which reported a rise to 70.5 points in October, […]

The Commodities Feed: Israel Responds, Oil Sells Off

Oct 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Oil prices sold off this morning following Israel’s response to Iran’s recent missile attack. The measured and targeted response from Israel has increased hopes of de-escalation. Energy – Oil sells off following Israel’s responseOil prices opened this morning lower with ICE Brent trading more than 4% lower at the time of writing, taking […]

Oil Is Under Selling Pressure

Oct 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash At the end of Friday, the Dow Jones Index (US30) fell by 0.61% (for the week -2.56%). The S&P 500 Index (US500) fell by 0.03% (for the week -0.85%). The NasdaqTechnology Index (US100) closed positive 0.59% on Friday (for the week +0.35%). The yield on 10-year US Treasuries rose to 4.27% on Monday, […]

EUR/GBP Jumps Closer To Mid-0.8300s, Upside Potential Seems Limited

Oct 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash EUR/GBP gains some positive traction after comments from ECB’s Pierre Wunsch. Bets for more aggressive ECB rate cuts might keep a lid on any meaningful gains. Traders also prefer to wait for the German and Eurozone CPI reports later this week. The EUR/GBP cross attracts some buyers following an intraday dip to […]

Elliott Wave Analysis: Is The S&P 500 Heading Lower Amid Nasdaq’s Wave 4?

Oct 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Over the past two months, trading volumes for the S&P 500 (SPX) and the NASDAQ 100 (NDX) have been diminishing even as their prices inch upward. This divergence suggests a potential market top is near. With upcoming earnings reports from major tech companies—Apple (AAPL), Amazon (AMZN), Meta Platforms (META), and Alphabet (GOOGL)—and the […]

AUD/USD Forex Signal: Downtrend Intact, But A Brief Comeback Likely

Oct 28, 2024 Jeremy Parkinson Finance 0

Bullish View Buy the AUD/USD pair and set a take-profit at 0.6685. Add a stop-loss at 0.6545. Timeline: 1-2 days. Bearish View Set a sell-stop at 0.6585 and a take-profit at 0.6500. Add a stop-loss at 0.6680. The AUD/USD pair dived to its lowest level since August 16 ahead of the US election and important […]