November 2024 - Page 185 of 229 -

Trump Triumph

Nov 07, 2024 Jeremy Parkinson Finance 0

After indices ailed at resistance for so long traders made the decisive move, buying stocks with glee on Trump’s victory. Most of the gains were achieved pre-market on the opening gap, but this gap offers substantial wiggle room should profit taking kick in. Wednesday’s action should mark a clear breakout gap – and breakout gaps […]

Bharat Electronics Stocks Elliott Wave Technical Analysis – Thursday, November 7

Nov 07, 2024 Jeremy Parkinson Finance 0

BHARAT ELECTRONICS – BEL (1D Chart) Elliott Wave Technical AnalysisFunction: Larger Degree Trend Higher (Intermediate degree, orange)Mode: MotiveStructure: ImpulsePosition: Minute Wave ((ii)) NavyDetails: Minute Wave ((iii)) Navy of Minor Wave 5 Grey is now progressing higher against 229, as Wave ((ii)) might be in place around 250-60. Alternatively Wave 5 Grey completed above 342.Invalidation point: 229BHARAT ELECTRONICS […]

Bear Of The Day: Nike Growth is Slowing at Nike Relative Weakness for NKE Shares Nike: The Future is Uncertain

Nov 07, 2024 Jeremy Parkinson Finance 0

Nike Stock OverviewZacks Rank #5 (Strong Sell) stock Nike Inc (NKE), incorporated in 1967, is the world’s largest athletic footwear, apparel, and equipment company. The $116 billion company has a robust brand portfolio that includes Nike Pro, Nike Golf, Nike+, and Air Jordan. Nike is well known for its unique and creative marketing campaigns and its iconic “swoosh” […]

TerrAscend Q3 Financials: 245% Increase In Net Revenue Loss; 12% Decrease In EBITDA

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash TerrAscend (TSNDF) reported its financial results for the third quarter (Q3) ended September 30th, 2024 on November 6th. All financial information is provided in U.S. dollars unless otherwise indicated and compared with the previous quarter. Q3 Financial Highlights Net Revenue: DOWN 4.3% to $74.2M Gross Profit: DOWN 4.0% to $36.2M Gross Profit Margin: UP to 48.8% from 48.6% […]

Gold Retreats As Trump Victory Bolsters USD

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Gold prices tumbled over 3% to 2650 USD per troy ounce amid a surging US dollar, influenced by Donald Trump’s definitive win in the US presidential election. As of Thursday, gold prices are holding steady near three-week lows, reflecting ongoing pressure from a robust dollar.Market anticipation has shifted, with investors expecting a more […]

EUR/GBP Recovers Intraday Losses Ahead Of BoE Policy Decision

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

The EUR/GBP reverses intraday losses and bounces back to near 0.8300 in the European trading session on Thursday. The cross rebounded strongly after posting a fresh weekly low near 0.8310 ahead of the Bank of England’s (BoE) interest rate decision, which will be announced at 12:00 GMT.The BoE is widely anticipated to cut interest rates […]

EUR/JPY Remains Depressed Near 165.70, Bulls Have The Upper Hand While Above 200-day SMA

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

The EUR/JPY cross struggles to capitalize on the previous day’s goodish bounce from levels just below the 165.00 psychological mark and attracts fresh sellers on Thursday. Spot prices remain depressed through the first half of the European session and currently trade around the 165.70-165.65 area, though lack follow-through and remain confined in a familiar range […]

Daily Market Outlook – Thursday, Nov. 7

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Asian equities markets saw mixed results Thursday as investors weighed the potential effects of a second Donald Trump presidency. They also eye the U.S. Federal Reserve and other major central banks’ monetary policy decisions due today. All three major U.S. share indexes surged to record highs, but Asia did not experience significant increases, despite […]

New Home Affordability Crisis Now 30 Months Old, Younger Americans Priced Out

Nov 07, 2024 Jeremy Parkinson Finance, No picture 0

Mortgage rates fell to their lowest level since early 2023. Despite that happening, the relative affordability of new homes was almost unchanged from the previous month because their prices rose. For a household earning the median household income, the average mortgage payment for a new home would consume 38% of its pre-tax income.That puts the affordability […]

USD/CHF Forecast: US Dollar Skyrockets Against Swiss Franc After Election

Nov 07, 2024 Jeremy Parkinson Finance 0

During my daily analysis of the USD/CHF pair, I cannot help but recognize that there is a significant amount of momentum in this pair, as it looks like money is flowing into the United States yet again after the massive victory by Donald Trump, and of course the Republicans. With this being the case, the […]