November 2024 - Page 100 of 229 -

Elliott Wave Technical Analysis: Dow Jones – Monday, Nov. 18

Nov 18, 2024 Jeremy Parkinson Finance 0

DOW JONES – DJI Elliott Wave Technical AnalysisKey Details: Function: Counter Trend Mode: Corrective Structure: Gray wave 2 Position: Orange wave 3 Direction Next Higher Degrees: Gray wave 3 Details: Gray wave 1 appears complete; gray wave 2 is now active. Wave Cancel Invalidation Level: 41,608.42 Detailed Analysis:The DOW JONES daily chart from Trading Lounge identifies a counter-trend corrective phase within the Elliott Wave framework. The analysis suggests […]

Russell 2000 Retreats After Coming Ever So Close To Nov ’21 Record

Nov 18, 2024 Jeremy Parkinson Finance 0

The Russell 2000 just made a three-year round trip but fell slightly short of posting a new high. The economy continues to perform well – a plus – but long rates have diverged with short rates, which cannot be a positive. In the meantime, earnings estimates for S&P 600 companies are now on pace to […]

Palantir’s Surge, Gold’s Decline, And Bitcoin’s Record Rally

Nov 18, 2024 Jeremy Parkinson Finance 0

Palantir (US Stock)The stock has nearly quadrupled this year. Closing at record $65, push the market cap to $150 billion.Palantir has announced to move its listing to the Nasdaq on November 26.Board member Alexander Moore hints this shift could force billions in ETF purchases. PLTR (Daily). Over the past 9 trading days, the stock has […]

AUD/USD Stabilises Amid RBA’s Hawkish Outlook

Nov 18, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUD/USD is showing signs of stabilization near 0.6465, marking its second consecutive session of attempts to recover.The Australian dollar finds some support from the hawkish comments made by Reserve Bank of Australia (RBA) Governor Michele Bullock. Bullock stated that interest rates are restrictive and will remain so until the RBA is fully assured […]

Daily Market Outlook – Monday, Nov. 18

Nov 18, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Global stocks started the week stronger ahead of Nvidia’s highly anticipated earnings release. South Korean markets jumped more than 2% on Monday, the biggest daily gain in two months, as Samsung Electronics rose 6% on promises to buy back shares. Chinese equities started the week on a positive note, with the CSI300 blue-chip […]

S&P 500 Sets And Retreats From New Record High On Bearish Expectations Of Fewer Rate Cuts

Nov 18, 2024 Jeremy Parkinson Finance, No picture 0

The S&P 500 (Index: SPX) definitively broke through the 6,000 level on Monday, 8 November 2024, closing at an all-time record high of 6,001.35 that day.Unfortunately, by the end of the week, the index fell by 2.2% from that new high to end the week at 5,870.62.The precipitating event for that drop came on Thursday, 14 November […]

No Respite In Sight For Weak Oil Prices Even With Heightened Geopolitical Tensions

Nov 18, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Oil prices edged up on Monday on escalating tensions between Russia and Ukraine. Gloomy demand outlooks for growth in oil consumption may keep oil prices subdued in the near term. Experts also fear a significant oversupply in the oil market in 2025 as non-OPEC production expected to surge. Oil prices were slightly […]

USD/CHF Forecast: US Dollar Sluggish On Friday Against Swiss Franc

Nov 18, 2024 Jeremy Parkinson Finance 0

The US dollar has gapped to the downside during the early hours on Friday, only to turn around and rally, before giving up those gains again. With that being the case, the market is likely to continue to see a lot of volatility and choppiness but having said that we also have to keep in […]

Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Monday, Nov. 18

Nov 18, 2024 Jeremy Parkinson Finance 0

U.S. Dollar / Swiss Franc (USDCHF) – Day ChartUSDCHF Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange wave 5 Position: Navy blue wave 1 Direction Next Lower Degrees: Navy blue wave 2 Details: Orange wave 4 appears completed; orange wave 5 of navy blue wave 1 is currently developing. Wave Cancel Invalidation Level: 0.83737 Detailed Analysis:The USDCHF daily chart from Trading Lounge highlights […]

5X5 Inflation Expectations: A New Benchmark To Follow

Nov 18, 2024 Jeremy Parkinson Finance 0

At the last FOMC meeting, Jerome Powell was asked if they were concerned that inflation expectations are “de-anchoring, or put another way, are anchoring at a slightly higher level?” His answer specifically referenced the 5×5 forward inflation expected rate. He could have used many data points to answer the question. However, the fact that he […]