November 2024 - Page 193 of 229 -

USD/JPY Analysis: Attempts To Break The Uptrend USD/JPY Technical Analysis and Expectations Today:

Nov 06, 2024 Jeremy Parkinson Finance 0

According to stock trading platforms, Wall Street indices are booming on Election Day. US stocks rose on Election Day as investors awaited the outcome of the tight race between Kamala Harris and Donald Trump. The S&P 500 rose 1%, the Nasdaq 100 gained 1.3% and the Dow Jones rose about 400 points. All sectors were […]

EUR/JPY Price Prediction: Continues To Pullback To Trendline For Sept-Oct Rally

Nov 06, 2024 Jeremy Parkinson Finance 0

EUR/JPY continues its pullback to the trendline (dashed line on chart) for the September-October rally. The pair is in a short and medium-term uptrend which given the technical analysis maxim that “the trend is your friend” is favored to continue higher. EUR/JPY Daily Chart A break above 166.69 (October 31 high) would probably confirm such a continuation higher. Resistance at […]

Czech Industry Attempts To Recover From Prolonged Slump

Nov 06, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Both real industrial output and nominal new orders saw annual gains in September, which bodes well for the Czech economic outlook. It remains to be seen whether the industry has fully recovered, as the ongoing weakness in the German economy continues to pose a challenge. Output and new orders point to the industry’s bottoming […]

The Economically Weighted ISM Average Indicates Economy Expanding Nicely

Nov 06, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels [I was busy doing my civic duty the past few days. I’ll have something to say about the election at some point later, but not now.]Yesterday the ISM services report came in very strong for the second month in a row, with the headline at 56.0 and the more leading new orders subindex […]

USD/CAD Returns Above 1.3900 As US Dollar Strengthens Across The Board

Nov 06, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD bounces back above 1.3900 as Trump’s victory strengthens the US Dollar. Investors expect the Fed to cut interest rates by 25 bps to 4.50%-4.75%. The BoC delivered a bigger rate cut due to slowing inflation and weak labor demand. The USD/CAD pair recovers Tuesday’s sell-off and returns above the key figure […]

Risk-On It’s Trump Trades

Nov 06, 2024 Jeremy Parkinson Finance 0

Markets did a good job positioning for election results – the upswing in yields coinciding with S&P 500, Nasdaq and Russell 2000 (smallcaps took less than 15min after the opening bell to recover) was the telltale, providing for most easy (you may say almost risk-free) intraday long gains in ES and NDX well before the voting ended.No […]

Gold Price Analysis Today: US Elections Raises Upside Risks The Fed’s decision affects market dynamics

Nov 06, 2024 Jeremy Parkinson Finance 0

As the US election approaches, precious metals prices are witnessing upward momentum, driven by investor uncertainty and anticipation of market volatility. Gold, silver and copper have all been trading higher since yesterday, with experts suggesting that the election outcome could significantly impact gold prices, while silver and copper benefit from broader market trends. The gold price […]

Tesla Stock Jumps 15% As Trump Wins US Election

Nov 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Tesla stock rebounded by 3.5% in regular trading, breaking a losing streak. The S&P 500 has outperformed Tesla with a 21.2% gain year-to-date. Trump and Musk rally support for a $2 trillion federal budget cut plan. Following Donald Trump’s election victory over Kamala Harris, Tesla shares surged by 15% in premarket trading […]

Rates Back Up More

Nov 06, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay It looks like the U.S. election is yielding a decisive verdict, and that’s good news. Risky assets like stocks and cryptocurrencies are up sharply on the promise of less regulation and further tax cuts from a Republican-led government.In less bullish news, the Treasury market continues to sell off, with a rate backup that […]

NZD/USD Trends Lower After Trump Victory And Weak NZ Employment Data

Nov 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash NZD/USD declines after Trump wins the US presidential election, boosting USD. The Kiwi Dollar is further hampered by weak NZ labor market data showing a rise in joblessness. NZD/USD could fall further if the policy trajectories of the two central banks diverge. NZD/USD trades down by over three quarters of a percent […]