November 2024 - Page 37 of 229 -

Gold Analysis: Returning To A Downward Channel

Nov 26, 2024 Jeremy Parkinson Finance 0

For the second day in a row, gold prices are subject to selling operations, stabilizing around $2,604 per ounce at the time of writing the analysis. Yesterday, gold prices were higher around the resistance level of $2,721 per ounce, which means that the price of gold bullion lost more than $100 in less than 48 […]

The 3-3-3 Rule

Nov 26, 2024 Jeremy Parkinson Finance 0

Donald Trump nominated seasoned hedge fund manager Scott Bessent as the next Treasury Secretary. While the Treasury Secretary has many responsibilities, debt management is one of the most important. Therefore, given the recent scrutiny the bond market has been paying to high deficits and associated debt, Scott Bessent appears to be a timely appointment. Bessent […]

Speculative Mania In Markets

Nov 26, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Speculation driving financial bubbles in markets.Video Length: 00:13:59More By This Author:Dollar Breaks OutManufacturing ResurgenceRising Dollar Blows Bubbles

Trump Plans To Raise Tariffs By 10% On Goods From China And 25% On Goods From Mexico And Canada

Nov 26, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay At Monday’s close, the Dow Jones Index (US30) increased by 0.99%. The S&P 500 Index (US500) was up 0.30%. The Nasdaq Technology Index (US100) was up 0.14%. The Dow Jones Industrials set a new all-time high, and the Nasdaq 100 set a weekly high. Stocks rose on Monday amid optimism that President-elect Trump […]

Best Buy Reports Q3 FY’2025: Decline In Sales And Earnings

Nov 26, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Best Buy Co., Inc. (NYSE: BBY) reported its third-quarter results for fiscal year 2025, showcasing a mixed performance. The company recorded a total revenue of $9.445 billion, a decline from the $9.756 billion reported in the same quarter of the previous year. This decrease was primarily driven by a 2.9% drop in enterprise comparable […]

Elliott Wave Technical Analysis Hang Seng Index

Nov 26, 2024 Jeremy Parkinson Finance 0

Hang Seng Index Elliott Wave Analysis – Trading Lounge Day ChartHang Seng Index Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Gray Wave 2 Position: Orange Wave 3 Direction of Next Higher Degrees: Gray Wave 3 DetailsGray wave 1 appears to be complete, and gray wave 2 is currently in progress. Wave Cancel Invalid Level: 16,449.94 This analysis evaluates the Hang Seng […]

EUR/JPY Price Prediction: Down-trend In Play, Lower Lows Expected

Nov 26, 2024 Jeremy Parkinson Finance 0

EUR/JPY establishes a descending sequence of peaks and troughs from the October 31 peak. It is now probably in a short-term downtrend and given it is a principle of technical analysis that trends have a tendency to extend themselves, the odds favor the pair continuing to lower lows. EUR/JPY 4-hour Chart The next target to the downside for […]

USD/CAD Outlook: Dollar Soars While Loonie Slides On Tariff Vows USD/CAD technical outlook: Uptrend resumes after bears fail to breach 1.3951

Nov 26, 2024 Jeremy Parkinson Finance 0

The USD/CAD outlook indicates a sharp bullish turn as the dollar gains and the loonie collapses after Trump’s tariff vows. At the same time, market participants were awaiting more clues on Fed rate cuts from the FOMC policy meeting minutes. The dollar rallied on Tuesday after Trump said he would impose tariffs on goods from China, […]

Gold Vs. CPI And PPI Suggest A Big Rise In Purchasing Power

Nov 26, 2024 Jeremy Parkinson Finance 0

This week we’ll look at long term charts of gold vs both the Consumer Price Index (CPI) and Producer Price Index (PPI). Both indexes are measures of ever rising prices (inflation), and when gold is outperforming these indexes, gold can be said to be rising in “real terms,” meaning that your purchasing power is expanding. While CPI […]

Canadian Dollar Crushed On Trump Tariff Vow

Nov 26, 2024 Jeremy Parkinson Finance, No picture 0

We don’t normally talk about the Canadian Dollar in our opening call but that’s exactly where we are as we get going on this Tuesday. The Loonie has collapsed to its lowest level against the US Dollar since April of 2020, this on President-elect Trump’s vow to impose a 25% tariff on products from Canada.Video […]