October 2024 - Page 88 of 244 -

The Coca-Cola Company Stocks Elliott Wave Technical Analysis

Oct 22, 2024 Jeremy Parkinson Finance 0

KO Elliott Wave Analysis Trading LoungeThe Coca-Cola Company, (KO) Daily ChartKO Elliott Wave Technical AnalysisFUNCTION: Counter TrendMODE: CorrectiveSTRUCTURE: ComplexPOSITION: Wave {iv}.DIRECTION: Bottom in wave {iv}.DETAILS: We are witnessing a correction that has been lasting a little over one month now, in what appears to be a wave {iv} after a sharp impulsive move in wave {iii}. The Coca-Cola […]

Polish GDP Expected To Weaken As September Retail Sales Slump

Oct 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels While we had expected third-quarter GDP growth to moderate below 3% year-on-year, from 3.2% in the second quarter, the decline in retail sales in September points to an even weaker economic performance. We revise our third quarter GDP growth forecast to 2.5%YoY (from 2.8%) and see downside risks to the 2024 economic growth […]

Crude Oil Prices Struggle To Break Out As China Demand Remains Sluggish

Oct 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Oil prices ease on Tuesday as possible ceasefire talks in the Middle East dampen sentiments. Focus remain on oil demand in China even as the country tries to decarbonize its economy. Middle East conflict has led to no disruption of crude oil from the region so far. Crude oil prices eased Tuesday […]

BTC/USD Forex Signal: Bitcoin Could Still Retest Its All-Time High BTC/USD technical analysis

Oct 22, 2024 Jeremy Parkinson Finance 0

Bullish view Buy the BTC/USD pair and set a take-profit at 72,000. Add a stop-loss at 65,000. Timeline: 1-2 days. Bearish view Sell the BTC/USD pair and set a take-profit at 65,000. Add a stop-loss at 72,000. Bitcoin price moved sideways after retesting the important resistance point at $69,000 for the first time since July […]

General Motors Beats Expectations With $48.8B Revenue In Third Quarter

Oct 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash General Motors Co. (NYSE: GM) has reported a robust financial performance for the third quarter of 2024, showcasing significant growth in key financial metrics. The company announced a revenue of $48.8 billion, marking a 10.5% increase compared to the same period last year when the revenue was $44.1 billion. This growth can be attributed […]

Inflation Mathematics

Oct 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pexels Two major labor unions, the Dock Workers Union and the Boeing Machinists Union, have attempted to reach an agreement with their employers on a contract. The dock workers agreement proposes an average 8.5% per year wage increase over six years, and the Boeing Machinists Union’s proposal is for an average 7.5% wage increase […]

Daily Market Outlook – Tuesday, Oct. 22

Oct 22, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Asian stock markets are mostly down on Tuesday, reflecting the mixed signals from Wall Street overnight as bond yields rise due to diminished expectations of US Federal Reserve interest rate cuts. Traders have also taken some profits after the recent market rally. The uncertainty surrounding conflicts in the Middle East and Europe, as […]

USD/CAD Trades Sideways As BoC Policy Takes Centre Stage

Oct 22, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CAD pair consolidates in a tight range above the round-level support of 1.3800 in Tuesday’s European session. The Loonie pair trades back and forth, with investors focusing on the Bank of Canada’s (BoC) interest rate decision, which will be announced on Wednesday.The BoC is expected to reduce its key borrowing rates by 50 basis points (bps) to 3.75%. This […]

EUR/USD Forex Signal: Bearish Trend To Continue For A While

Oct 22, 2024 Jeremy Parkinson Finance 0

Bearish view Sell the EUR/USD pair and set a take-profit at 1.0700. Add a stop-loss at 1.0950. Timeline: 1-2 days. Bullish view Buy the EUR/USD pair and set a take-profit at 1.0950. Add a stop-loss at 1.0700. The EUR/USD exchange rate’s sell-off accelerated on Tuesday morning as the US dollar index continued its strong rally. […]

FX Daily: More Signs Of Pre-Election Deleveraging

Oct 22, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The dollar is finding more support at the start of this week as US Treasury yields jumped. While some hawkish Fedspeak has contributed to the move, we suspect we are seeing more signs of some deleveraging ahead of the closely contested US election in two weeks; a dynamic that we see supporting the dollar […]