November 2024 - Page 72 of 229 -

Nvidia’s Own Success Is Standing In The Way Of Its Stock Price Gains

Nov 21, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Nvidia stock slips despite a strong Q3 and upbeat guidance. Continued deceleration in revenue growth is hurting its share price. NVDA is still up some 200% versus the start of this year (2024) Nvidia Corp (Nasdaq: NVDA) dipped in pre-market trading despite handily beating Wall Street estimates for its third financial quarter and issuing […]

Elliott Wave Technical Analysis: Euro/U.S. Dollar – Thursday, Nov. 21

Nov 21, 2024 Jeremy Parkinson Finance 0

EURUSD Elliott Wave Analysis Trading LoungeEuro/U.S. Dollar (EURUSD) Day ChartEURUSD Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Orange wave 3 Position: Navy blue wave 3 Direction (Next Higher Degrees): Orange wave 4 Details: Orange wave 2 appears completed; orange wave 3 is now unfolding. Wave Cancel Invalid Level: 1.08263 The EURUSD daily chart showcases a counter-trend movement analyzed through the Elliott […]

Why Bets Are Rising On A December Rate Cut In Turkey

Nov 21, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The Central Bank of Turkey kept rates on hold at 50% at its November rate-setting meeting, in line with consensus. The latest MPC statement includes changes that provide additional support to expectations of an easing cycle beginning in December. A few highlights to note from the accompanying statement to the CBT’s decision to keep rates on hold:The CBT […]

GBP/USD Analysis: Struggles Near 6-Month Low Amidst Uncertainty

Nov 21, 2024 Jeremy Parkinson Finance 0

The gains made yesterday by the GBP/USD currency pair to the resistance level of 1.2715 quickly evaporated. Concurrently, it returned to stabilizing around its six-month low, currently around the 1.2650 support level at the time of writing this analysis. This comes ahead of the announcement of a package of important US economic data and statements […]

Nvidia’s Guidance Weighs On Equity Futures

Nov 21, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Equity futures, which are being pulled lower by a pre-market decline in Nvidia (NVDA) shares, point to a soft market open later this morning. While Nvidia delivered October quarter results that topped market expectations, its January quarter top-line guidance of $36.75-$38.25 billion encapsulated the $37 billion consensus forecast but fell short of more lofty […]

Deere & Company Beats Expectations With Q4 FY’2024 Results

Nov 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Deere & Company (NYSE: DE) reported a notable decline in its financial performance for the fourth quarter of fiscal 2024, reflecting the challenges faced in the current market environment.The company posted a net income of $1.245 billion, or $4.55 per share, which marks a significant decrease from the $2.369 billion, or $8.26 per share, reported […]

Forex: Navigating The Digital Frenzy, FX Markets Still Pack A Punch

Nov 21, 2024 Jeremy Parkinson Finance 0

THE POST-ELECTION EFFECTIt’s fascinating to observe how the U.S. dollar is strutting along a familiar path, echoing its post-election swagger from 2016. Two weeks post-election, and the greenback is staging a repeat performance, having ascended by 3%—a figure reminiscent of its 2016 rally, with whispers of another 3% climb by year’s end. As we stand […]

Target And Walmart: Same Business But Different Trends

Nov 21, 2024 Jeremy Parkinson Finance 0

Yesterday’s Commentary shared Walmart’s outstanding earnings report and reviewed its surging share price from a technical basis. Despite being a head-to-head competitor of Walmart, Target is heading down a completely different path. Walmart beat EPS and revenue expectations easily, while Target was short. Target reported EPS of $1.85, well below estimates of $2.30. Unlike Walmart, which raised […]

Daily Market Outlook – Thursday, Nov. 21

Nov 21, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Markets continue to express caution, with participants reluctant to take on significant risk. Asian markets are trading with a mix of gains and losses on Thursday, mirroring the mixed performance on Wall Street overnight. Traders are also keeping a close eye on the growing tensions between Russia and Ukraine, with wires reporting that […]

NZD/USD Under Pressure Amidst USD Strength

Nov 21, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The NZD/USD pair is trading near 0.5879, experiencing volatility as the market awaits the upcoming Reserve Bank of New Zealand (RBNZ) meeting. Expectations are leaning towards a significant rate cut, with a 50-basis-point reduction considered the baseline scenario and a 25% probability of a more aggressive 75-basis-point cut.Adding to the uncertainty are pessimistic […]