November 2024 - Page 227 of 229 -

FX Daily: This Isn’t A Mini-Budget Rerun For Sterling

Nov 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Sterling and gilts took a hit yesterday, but we don’t think the content of the UK budget and market conditions mean the pound will re-experience the kind of turmoil from the 2022 mini-budget. In the US, payrolls are seen declining, but markets will consider carefully the effect of severe weather events, and the […]

USD/CHF Trades Firmer To Near 0.8650 As Traders Await The US NFP Data

Nov 01, 2024 Jeremy Parkinson Finance 0

Photo by Claudio Schwarz on Unsplash USD/CHF trades stronger to around 0.8640 in Friday’s early European session. Investors will closely monitor the US October employment report on Friday. The risk-off sentiment could boost the CHF, a safe-haven currency. The USD/CHF pair gathers strength to near 0.8640 during the early European session on Friday. The rebound of the US […]

Ethereum Price Tumbles: Will It Find A Way Back Up?

Nov 01, 2024 Jeremy Parkinson Finance 0

Ethereum price started a fresh decline from the $2,720 resistance. ETH is back below $2,550 and might struggle to start a fresh increase in the short term. Ethereum started a fresh decline from the $2,720 resistance zone. The price is trading below $2,550 and the 100-hourly Simple Moving Average. There was a break below a […]

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Friday, Nov. 1

Nov 01, 2024 Jeremy Parkinson Finance 0

EURUSD Elliott Wave Analysis Trading Lounge Euro / U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy blue wave 2 Position: Gray wave C Direction of Next Lower Degrees: Navy blue wave 3 Details: Navy blue wave 1 appears completed, with navy blue wave 2 currently active. Wave Cancellation Level: […]

AUD/JPY Inches Lower To Near 100.00, Upside Potential Remains Supported By Hawkish RBA

Nov 01, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash AUD/JPY may regain its ground as the RBA is widely expected to maintain a hawkish policy outlook. China’s Caixin Manufacturing PMI increased to 50.3 in October, from September’s 49.3. The au Jibun Bank Japan Manufacturing PMI declined to 49.2 in October, from 49.7 in September. The AUD/JPY pair remains subdued for the […]

Uncertainty Invites US Dollar Demand

Nov 01, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels With the exception of the Euro, currencies remain under pressure against the US Dollar into the end of the week. There has been plenty of uncertainty and caution ahead of today’s US jobs report and next week’s US election which has resulted in a natural flight to safety into the Buck.Video Length: 00:01:15More […]

Gold Rises On Safe-Haven Demand As Copper Prices Plunge In October

Nov 01, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold prices climb 5% in October as increase in safe-haven demand spurs buying. Reports claimed that Iran may attack Israel ahead of US elections, which could boost gold further. Copper prices fell 3% in October on concerns about poor demand from top consumer, China. Gold prices recouped some of Thursday’s losses and […]

GBP/CHF Forecast: GBP Plummets Against Franc

Nov 01, 2024 Jeremy Parkinson Finance 0

The British pound has plummeted against the Swiss Franc during trading on Thursday as we have seen a major risk off type of move. With this being said, I think the 1.11 level is an area that you have to pay close attention to as we have bounced from there, but we’ve also seen action […]

Unlocking ASX Trading Success: Macquarie Group Limited

Nov 01, 2024 Jeremy Parkinson Finance 0

ASX: MACQUARIE GROUP LIMITED – MQG Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with MACQUARIE GROUP LIMITED – MQG. We see MQG.ASX still having a push lower, and preparing for a future 5-grey wave rally.ASX: MACQUARIE GROUP LIMITED – MQG 1D Chart (Semilog Scale) AnalysisFunction: Major […]

Rates Spark: Payrolls Friday Looms

Nov 01, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels The market is running 10y USTs at 4.3% into a US payrolls figure with a 105k consensus – its lowest read since 2020. There is a lot to explain low levels away, but it seems the market may welcome an excuse to sell bonds just for a bit ahead of the elections where the trade has been higher yields […]