October 2024 - Page 72 of 244 -

EUR/USD Sinks Again, Taps New 16-Week Bottom

Oct 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay EUR/USD is down eight-tenths of a percent for the week. Fiber bids are getting crushed by waffling speech from ECB planners. EU and US PMI figures due on Thursday could spark fresh momentum. EUR/USD shed another fifth of a percent on Wednesday as the Fiber crumples ahead of Thursday’s fresh round of Purchasing Managers Index […]

Stocks And Precious Metals Charts – Revelation To The Servants Of The Dragon

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashStocks declined sharply today, although they managed to rebound from the lows in the last hour of trading.Gold and silver corrected, somewhat sharply. The Dollar rose to 104.40.The managers of the casino could see the specs leaning into the precious metals rally, and decided to take them out for a quick wash and rinse. For in […]

Silver Price Forecast: XAG/USD Tumbles After Hitting 12-Year Peak, Bearish Engulfing Looms

Oct 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Silver price drops sharply, erasing Tuesday’s gains, driven by profit-taking and a rise in US Treasury yields. A daily close below $33.78 could confirm a ‘bearish engulfing’ pattern, signaling potential for deeper pullback to $32.95 and $32.51. For a bullish continuation, buyers need to reclaim the $34.00 level and retest the year-to-date high […]

We Need To Have A Talk About “Bond Vigilantes”

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels You just have to love the short-term overreactions of Mr. Market. Just two months ago we get a weak employment report and investors are panicked that the Fed is too tight. Then we get a strong employment report in September and investors are panicked that the Fed is too loose. In May the […]

Here’s Why Coca-Cola Stock Is Dropping Despite Earnings Beat

Oct 23, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Coca-Cola (NYSE: KO) stock was down about 2% Wednesday after the beverage maker released solid Q3 earnings that topped estimates.The company saw revenue decline 1% year over year to $11.85 billion, which is better than the $11.61 billion that analysts targeted. But organic revenue jumped an impressive 9%.Net income fell 8% to $2.8 billion, or 66 […]

First Gold, Silver, Maybe Sugar, And Now Soybeans?

Oct 23, 2024 Jeremy Parkinson Finance 0

If this is truly shaping up to be a time for commodities, especially ones undervalued, then let’s expand beyond gold and silver.Don’t get me wrong.I see more upside in both metals.Remember my trifecta of inflation indicators? Silver to gold-has to outperform-maybe starting The Dollar breaks 100-not yet Sugar-has to clear 22.50 cents a pound-almost Add […]

Fed Beige Book Shows Only 3 Of 12 Regions Growing, 3 Declining

Oct 23, 2024 Jeremy Parkinson Finance 0

Please consider the Fed Beige Book, a Summary of Commentary on Current Economic Conditions by 12 Federal Reserve Districts. Overall Economic Activity Overall Economic Activity On balance, economic activity was little changed in nearly all Districts since early September, though two Districts reported modest growth. Most Districts reported declining manufacturing activity. Activity in the banking sector was generally […]

IBM Tops Q3 Earnings Estimates

Oct 23, 2024 Jeremy Parkinson Finance 0

Image Source: Unsplash IBM (IBM – Free Report) came out with quarterly earnings of $2.30 per share, beating the Zacks Consensus Estimate of $2.27 per share. This compares to earnings of $2.20 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.32%. A quarter ago, it was expected […]

The Market’s Breaking Its “Silence” In A Big Way

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The S&P 500 has been… pretty boring lately, bouncing around in an extraordinarily tight range. But everything around stocks has been making huge moves. Gold, dollars, bonds – all seeing tremendous action to the up- and downside.But now we’re starting to see volatility creep back up – it always creeps before it punches […]

Tesla Soars After Unexpected Jump In Profit Margin Suggests Price War Is Over

Oct 23, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Ahead of today’s Tesla earnings report, UBS analyst Joe Spak asked whether Tesla numbers even matter this quarter after the Robotaxi reveal, which disappointed markets. His response is that while they should matter more, Tesla is really about the future/multiple, not the current EV biz (which drives numbers). Of the number that will be report, auto […]