December 2024 - Page 213 of 225 -

USD/CAD Flat Lines Near 1.4050 Amid Firmer US Dollar, Upbeat US Data

Dec 02, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash USD/CAD holds steady around 1.4045 in Tuesday’s early Asian session. US ISM Manufacturing PMI rose to 48.4 in November vs. 46.5 prior. Canadian Manufacturing PMI climbed to a 21-month high in November. The USD/CAD pair trades flat near 1.4045 during the early Asian session on Tuesday. However, Trump’s threats of further tariffs and renewed US Dollar […]

Stocks And Precious Metals Charts – Yammering Madness In The Garden Of Beasts

Dec 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashAs we toddle on towards mo’ better wars and another financial crisis, stocks once again managed to rally near to all-time highs.The Dollar rallied on the euro’s weakness. And its weak because the European nations are obligingly self-destructing, trying to please their true masters.Gold and silver were sold.VIX has now declined enough that I think […]

Gold Drops On Strong US Dollar Boosted By ISM Improvement

Dec 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay Gold price drops, pressured by Trump’s tariff threats against BRICS nations, rising US bond yields. US ISM Manufacturing PMI hits a six-month high, contributing to a stronger Dollar, limiting Gold’s gains. Mixed signals from Fed officials on rate cuts keep markets cautious; December FOMC meeting closely watched. Gold prices slump as the last […]

Sonic Labs nears mainnet launch after completing airdrop snapshot

Dec 02, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways Sonic Labs completed its first block of transactions, marking progress toward its mainnet launch. Following the news, Fantom’s FTM token soared 20%, making Sonic Labs’ airdrop of 190.5 million $S tokens worth over $226 million. Share this article Sonic Labs announced its new blockchain produced its first block of transactions, marking a key […]

European Banks Are Not Lending Anymore (Here’s What That Means For The Global Economy)

Dec 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay European banks have added a massive amount of government bonds to their holdings. At the same time, they refuse to lend into the real economy. Europe’s depositories are hardly alone as we see the same defensive behavior all over the global system. There is only one reason why they all have become so […]

Here’s The Final Warning For 2024

Dec 02, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Historically, December is a very bullish time for the markets – even more so in election years. This usually comes down to the big players chasing performance, and jockeying for tax advantages in the year ahead.So from that perspective, a bet on an “up” December makes at least some sense. But – and […]

Russell 2000 Resists Bearish Pressure As Nasdaq Extends Gains

Dec 02, 2024 Jeremy Parkinson Finance 0

The Russell 2000 (IWM) has reached a point where it has successfully rebuffed the bearish inverse hammer with a series of narrow range candles near its highs, and is now ready to challenge the all-time high. Technicals are net bullish; On-Balance-Volume is in an accumulation trend as the index outperforms the Nasdaq and S&P. The […]

Risk-On: SP500, Nasdaq, And Tech Stocks Show Bullish Momentum

Dec 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Risk-On Sentiment for Stocks and Indices The SP500 is holding support at 6000, and the Nasdaq finds support at 20,000, with many stocks rebounding from recent lows, showing Impulse structures. Elliott Wave Analysis – NASDAQ Tech Stocks: SP500 (SPX): Wave (iii) of iii) of 5 of (5) of 3 NASDAQ 100 (NDX): Wave (iii) […]

Technical Monday: Novo Nordisk, A Love Story

Dec 02, 2024 Jeremy Parkinson Finance 0

Novo Nordisk (NVO), the company behind Ozempic and Wegovy, is now Europe’s largest company as global demand for its drugs have soared.  However, the Danish pharmaceutical began because of more personal reasons. In the early 1920s, Nobel laureate August Krogh and his wife Marie, a doctor living with diabetes met at the Danish Medical School, where August was […]

Rally In SPX Should Continue

Dec 02, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay SPX Monitoring purposes; Long SPX on 10-29-24 at 5832.92Our Gain 1/1/23 to 12/31/23 SPX= 28.12%; SPX gain 23.38%Monitoring purposes GOLD: Long GDX on 10/9/20 at 40.78. We are up 36%; SPX up 27% so far this year. November 26 marked 7 days up in a row and suggests the market will be higher in […]