2024 - Page 145 of 2348 -

US November CPI matches expectations, Fed rate cut likely ahead

Dec 11, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways US consumer prices rose 2.7% annually in November, keeping inflation above the Federal Reserve’s 2% target. Traders are anticipating a quarter-point reduction in the federal funds rate at the upcoming Federal Reserve meeting. Share this article Fresh November CPI data out Wednesday showed consumer prices increased as expected, keeping the Federal Reserve on […]

Elliott Wave Technical Analysis – The Home Depot

Dec 11, 2024 Jeremy Parkinson Finance 0

HD Elliott Wave Analysis Trading LoungeThe Home Depot, (HD) Daily ChartHD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v}.DIRECTION: Upside in wave (iii) of {v} of 3.DETAILS: Looking for upside into what could be an extended wave {v} towards the next Trading Level at 500$.The Home Depot, (HD) 1H ChartHD Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave […]

China Is No Longer The Marginal Buyer Of Oil

Dec 11, 2024 Jeremy Parkinson Finance 0

From 2010 through 2022, the US Energy Information Administration (EIA) calculates that global oil demand grew by 10 million barrels per day (Mb/d). Over 60% of the demand growth was due to China’s phenomenal economic growth. For context, American demand increased by less than 10%. The graph below shows that China once drove global oil […]

Crude Oil Catches Up With After Geopolitical Tensions Erupt

Dec 11, 2024 Jeremy Parkinson Finance 0

Oil prices albumpje higher, gaining some momentum with the heightened tensions in the Middle East. The monthly OPEC report to be a non-event. The US Dollar Index jumps on safe-have inflows and as uncertainty increases over the December Fed decision on interest rates. Crude Oil is soaring above 1% gains for this Wednesday, for a third consecutive […]

USD/CHF Eases From 0.8850 Highs Heading On The US Inflation Release

Dec 11, 2024 Jeremy Parkinson Finance, No picture 0

The US Dollar is trading higher for the fourth consecutive day although bulls have been halted at 0.8850 with investors awaiting the reading of November’s US CPI figures. The pair accelerated its rebound from last week’s lows at 0.8735 on Tuesday. The Dollar has been appreciating across the board this week, with investors anticipating a strong US […]

Ethereum Accumulation Addresses Hit $78B: What’s Next For ETH’s Price?

Dec 11, 2024 Jeremy Parkinson Finance, No picture 0

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, seems to be drawing attention as analysts observe market metrics that indicates the possible next move for ETH.Recent data from CryptoQuant has highlighted patterns in accumulation and exchange-traded fund (ETF) inflows, providing a detailed look at Ethereum’s potential trajectory as it underperforms relative to Bitcoin in the current cycle. […]

Silver Prices Hit A One-Month High

Dec 11, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Dow Jones (US30) was down 0.35% on Tuesday. The S&P 500 Index (US500) closed negative 0.30%. The Nasdaq Technology Index (US100) fell by 0.34%. Investors were cautious ahead of Wednesday’s expected consumer inflation report, which could significantly impact Federal Reserve policy. Despite the market decline, the indices remain near record highs, driven […]

Will Markets End 2024 On A High Note?

Dec 11, 2024 Jeremy Parkinson Finance 0

The close of another eventful year in the financial markets approaches. Focus now shifts to a seasonal phenomenon that has intrigued investors for decades: the Santa Claus Rally. Known for its tendency to boost stock prices during the final trading days of December and the early days of January, this rally is once again in the […]

US-China Trade Turns Back Down

Dec 11, 2024 Jeremy Parkinson Finance, No picture 0

During the summer of 2024, the volume of goods traded between the U.S. and China saw an increase after a 21 month-long plunge because of the Biden-Harris administration’s anti-free trade actions. The value of goods exchanged between the U.S. and China had started to stabilize, but the Biden-Harris administration rolled out new and expanded tariffs […]

Current Report: Mazda Motor

Dec 11, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Mazda Motor Corp (MZDAF) is a Japanese automobile manufacturer. The company primarily manufactures passenger cars and commercial vehicles.Also, Mazda manufactures diesel and petroleum gasoline engines, along with manual and automatic transmissions for vehicles. The vast majority of Mazda’s production is manufactured locally.The company segments itself across four geographic areas: Japan, North America, Europe, […]