December 2024 - Page 158 of 204 -

Still Leaning Bullish?

Dec 06, 2024 Jeremy Parkinson Finance 0

S&P 500 pushed for new ATHs early in the session, but was rejected, and premarket session is shallow and cautious – why deploy fresh money before NFPs? No reason to, yet there are distinct signs offered by the bond market and yields overall with respect to where equities are going. VIX continues being tame, and […]

Jobs Day – Just Right

Dec 06, 2024 Jeremy Parkinson Finance 0

Futures saw little movement as US investors awaited the big November jobs report, in which payrolls were expected to bounce back from October’s hurricane-related weak print. The report was just released, and investors got just about what they expected. Headline jobs was slightly higher than expected (227K vs 220K), and October’s print was revised modestly lower. […]

US spot Bitcoin ETFs surpass Satoshi Nakamoto, becoming world’s largest Bitcoin holder

Dec 06, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways US spot Bitcoin ETFs have accumulated approximately 1,104,000 BTC, surpassing Satoshi Nakamoto’s holdings. Bitcoin ETFs in the US have become the largest collective holder of Bitcoin globally. Share this article US spot Bitcoin ETFs have surpassed Satoshi Nakamoto to become the world’s largest Bitcoin holder, according to data compiled by Shaun Edmondson and […]

Elliott Wave Technical Analysis: McDonald’s Corp. – Friday, Dec. 6

Dec 06, 2024 Jeremy Parkinson Finance 0

MCD Elliott Wave Analysis Trading LoungeMcDonald’s Corp., (MCD) Daily ChartMCD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of 1.DIRECTION: Upside in wave {v}.DETAILS: We are looking for a top in wave 1 of (1) or what could also easily be wave (1) of Primary 5 as we have been trading around TradingLevel3 at 300$.McDonald’s Corp., […]

Job Growth Report Should Re-Accelerate – Markets Digesting For New Big Run

Dec 06, 2024 Jeremy Parkinson Finance 0

Today we have the “all-important” employment report which is the last high profile economic data point released before the Fed meets on the 18th. I am usually poor at guessing what the volatile number will be although I sense a quieter number than last month when we had weather and strikes impacting it. The economy […]

Bitcoin Sets New ATH Above $104,000, Yet Investors Don’t Want To Sell

Dec 06, 2024 Jeremy Parkinson Finance 0

Bitcoin has set a new all-time high (ATH) beyond the $104,000 mark during the past day, but on-chain data shows investors are still unwilling to sell. Bitcoin Exchange Netflow Has Remained Negative During Latest RallyAs explained by an analyst in a CryptoQuant Quicktake post, Bitcoin has continued to leave exchanges recently. The on-chain metric of relevance […]

100k Bitcoin

Dec 06, 2024 Jeremy Parkinson Finance 0

Turn on CNBC, and you will notice a bright green box permanently affixed to the bottom right corner with the ever-changing price of Bitcoin. Bitcoin is all the rage as market speculation across crypto and other assets is robust. Moreover, with Donald Trump putting Bitcoin-friendly appointees in key financial regulatory jobs, the price surge has […]

Gold Prices React To Fed Policy And Global Tensions: Key Insights For Traders

Dec 06, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Federal Reserve’s indication of a potential pause in its rate-cutting cycle has impacted gold prices. This has resulted in gold dropping to a one-week low. Higher interest rates reduce the appeal of non-yielding assets like gold, leading to a temporary decline in demand. However, lingering geopolitical tensions, such as Russia’s ongoing conflict […]

OPEC+ Countries Postponed Production Cuts Until Spring

Dec 06, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Dow Jones Industrial Average (US30) was down 0.55% at Thursday’s close, the S&P500 Index (US500) decreased by 0.19%, and the Nasdaq Technology Index (US100) fell by 0.31%. Liquidation of long positions and profit-taking before Friday’s release of the monthly payroll report negatively impacted stocks. In addition, hawkish comments from San Francisco Fed […]

Daily Market Outlook – Friday, Dec. 6

Dec 06, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Risk in Asia declined on Friday amid renewed political tensions in South Korea, causing unease among investors ahead of the crucial U.S. nonfarm payrolls report, which could affect expectations for a Federal Reserve rate cut this month.The potential for another martial law declaration in South Korea triggered substantial selling pressure on the Korean […]