November 2024 - Page 119 of 229 -

Fed Chair Powell Says Current Economy Shows No Urgency For Rate Cuts

Nov 15, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay ‘The current economic landscape does not signal urgency for rate reductions,’ said Powell. Market analysts anticipate another quarter-point cut in December. Despite these expectations, Powell refrained from making concrete predictions about the rate path. Federal Reserve Chairman Jerome Powell expressed on Thursday that the robust state of the US economy allows for a […]

Technical Indicators Function

Nov 15, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsTechnical indicators are tools that analyze past price and volume data to provide insights into possible future price movements in the market. Their main functions include:In essence, technical indicators provide a structured way to interpret raw price data, guiding traders’ decisions and improving the objectivity of trade setups in alignment with current market conditions. […]

Ripple’s XRP token soars 20% to $0.83 after SEC Chair Gary Gensler hints at resignation

Nov 15, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways XRP surged 20% to reach $0.83 after Gary Gensler hinted at resignation. New SEC leadership could lead to lawsuit dismissals benefiting XRP and other tokens. Share this article XRP, Ripple’s native token, jumped approximately 20% to $0.83 after Gary Gensler hinted that he might step down as SEC Chairman during a speech on […]

“Big Short” Michael Burry Boosts China Exposure, But Adds Hedges: 13F

Nov 15, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashMichael “the Big Short” Burry boosted his exposure to China stocks including Alibaba (BABA), Baidu (BIDU), and JD.com (JD) in the third quarter as Beijing rolled out a stimulus blitz. But he also added new bearish options that would provide downside protection, a move that may have been especially prudent as the Chinese rally recently fizzled as […]

Normalization Blues

Nov 15, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsThe latest Fed liquidity data is in, and it’s striking how we’ve come “full circle” with these multi-trillion dollar government stimulus efforts.Fed Total AssetsReverse RepoMarch 2023 Bank BailoutThe coolest part of all is that, combined to project market direction, we get a result which is a beautiful rounded top similar to the one which completed in the first quarter […]

Rethinking Pairs Trading: Can Traditional Methods Still Deliver Returns?

Nov 14, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsPairs trading is a market-neutral strategy that involves trading two correlated stocks or assets. The idea is to identify pairs that historically move together, and then take a long position in one and a short position in the other when they diverge, with the expectation that they will eventually revert to their mean relationship.The […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Thursday, Nov 14

Nov 14, 2024 Jeremy Parkinson Finance 0

Image Source: PexelsAgain, there isn’t much to be added to the current analysis. The markets continued to push and pull prices as preparations for Friday’s monthly expiration were in full swing. That along with year-end posturing kept the futures markets in a “chop fest” type state with quick price swings ruling the day. There was a […]

This Crown Reversal Could Trigger A Massive Short Squeeze

Nov 14, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels One day left – let’s finish strong! We just completed a 2-Leg Pullback to the 200ema on the 60-minute chart…Combine that with (2) clues on the Tick Charts, and this Crown Reversal could trigger an EPIC short squeeze tomorrow!Remember that big move higher we saw last week?We’ve finally pulled-back into key support…Now we […]

Gold Price Extends Decline On Bullish US Dollar, Investors Brace For US PPI Data

Nov 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The gold price trades with a negative bias in Friday’s Asian session. The firmer USD, expectation of a slower pace of Fed rate cuts, exert selling pressure on the Gold price. The US Retail Sales report for October will take center stage later on Friday. The Gold price (XAU/USD) struggles to gain ground around $2,570 […]

Australian Dollar Continues To Face Downward Pressure Following China Key Data

Nov 14, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Australian Dollar remains under downward pressure due to recent weak economic data. RBA Governor Bullock stated that current interest rates will remain unchanged until the bank gains confidence in the inflation outlook. Fed Chair Powell noted that US economy performance has been “remarkably good,” providing flexibility to ease interest rates gradually. The […]