October 2024 - Page 96 of 244 -

USD/JPY Forecast: US Dollar Falls Against Japanese Yen

Oct 21, 2024 Jeremy Parkinson Finance 0

In my daily analysis of the USD/JPY pair, the first thing I see is that we are hanging around the 200 Day EMA, which of course is an indicator that a lot of people will pay close attention to. The ¥150 level of course is a large, round, psychologically significant figure, and if we can […]

High Yield Corporate Bonds In Emerging Markets Are Red Hot

Oct 21, 2024 Jeremy Parkinson Finance 0

The case for international diversification from a US-investor perspective usually centers on how to carve up a global equities allocation. The global bond footprint, by contrast, tends to be an after-thought for most investors. But after reviewing year-to-date results for bonds ex-US, strategists may be inspired to rethink the oversight.Below-investment-grade bonds issued by companies in […]

Gold Soaring To Record Highs At $2,720 Is A Warning Shot

Oct 21, 2024 Jeremy Parkinson Finance 0

The gold price is up 32% year to date in 2024, from under $2,000 in February to record highs around $2,720 currently. That is a $700 increase per ounce of gold. If we go back a bit further to the November 2022 low around $1,6o0, the price is up over $1,100 or roughly 70%! This […]

US Dollar Flat With A Very Calm Start Of The Week

Oct 21, 2024 Jeremy Parkinson Finance 0

The US Dollar trades mildly up as the possible escalation in the Middle East conflict drives flows towards the Greenback. Fed speakers are starting to align with market expectations for gradual to no rate cuts this year. The US Dollar Index rally could pick up steam if Donald Trump leads further in the polls. The […]

Poland’s Economy Falters But Continues To Outperform EU Peers

Oct 21, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay September data points to a soft patch in Poland’s economic recovery in the third quarter. Industry suffered from weak external demand, construction suffered from the slow absorption of EU funds and high rates, while consumption eased on weaker real wages. We estimate third-quarter GDP growth to be 2.8%YoY and 3% overall in 2024. Industrial […]

Elliott Wave Technical Analysis: Alphabet Inc. – Monday, Oct. 21

Oct 21, 2024 Jeremy Parkinson Finance 0

GOOGL Elliott Wave Analysis – Trading Lounge Alphabet Inc. (GOOGL) Daily ChartGOOGL Elliott Wave Technical Analysis Function: Trend Mode: Impulsive Structure: Motive Position: Minor Wave 5 Direction: Upside within Wave 5 Details: A potential bottom in Wave 4 has formed, and we are now observing a {i}-{ii} of Wave 5. Alphabet Inc. (GOOGL) 1H ChartGOOGL Elliott Wave […]

USD/JPY Price Forecast: Break Out Fails To Follow-Through, Trend Ambiguous

Oct 21, 2024 Jeremy Parkinson Finance 0

USD/JPY broke down and out of its Rising Wedge pattern on Friday but has since recovered and returned back inside. The trend is at a delicate point and it is ambiguous. It is possible that the uptrend could be resuming and pushing price back up in a “last hurrah”. USD/JPY 4-hour Chart Alternatively, the bearish divergence between the […]

Oil And Natural Gas: Oil Under Strong Bearish Pressure

Oct 21, 2024 Jeremy Parkinson Finance 0

Oil chart analysisDuring this morning’s Asian trading session, the price of oil was in a slight bullish consolidation up to the $69.20 level. Before that, on Friday, October 18, the price fell to $68.17, a new two-week low. For now, we are seeing a recovery, but we are still in a bearish trend. The price […]

Activist Investor Starboard Acquires Stake In Band-Aid Maker Kenvue, Shares Jump

Oct 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Hedge fund Starboard Value has reportedly taken a stake in Kenvue Inc. (NYSE: KVUE), the consumer products spinoff from Johnson & Johnson (NYSE: JNJ). The news, reported on October 20, 2024, by Reuters, comes as Kenvue’s stock has struggled since its public debut in May 2023, falling 18% and valuing the company at $41 billion. […]

What’s Next For Bitcoin?

Oct 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash We thought it would be interesting to focus back in on Bitcoin. The other week, we put out a special report with our thoughts on the outlook and offered some fundamental updates and insights. Today, we’d like to take some time to highlight some interesting technical developments.Video Length: 00:01:36More By This Author:China Updates […]