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German Consumers Still In Hibernation

Mar 28, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay Disappointing retail sales and still weak consumer confidence suggest that the consumption-driven recovery remains more of a dream than a reality for Germany.In the less pessimistic forecasts for the German economy in 2024, private consumption plays a crucial role. On the back of assumed real wage growth (in the less pessimistic forecasts), private […]

Pending Home Sales Hover Near Record Lows In February

Mar 28, 2024 Jeremy Parkinson Finance 0

After puking in January, pending home sales were expected to rebound modestly (+1.5% MoM) in February and it did (+1.6% MoM) with a small upward revision for Jan (from -4.9% to -4.7% MoM). However, this still left sales down 2.2% YoY…Source: BloombergThat leaves pending home sales hovering just off record lows…Source: BloombergA recent report showed […]

Copper’s Red-Hot Rally, Fueled By EVs, Renewables And A Smelter Squeeze

Mar 28, 2024 Jeremy Parkinson Finance 0

Copper futures climbed as high as $9,164.50 per metric ton on the London Metal Exchange (LME) on Monday, March 18, marking a fresh 11-month high. The rally comes hot on the heels of a months-long sideways grind, propelled by supply risks and growing optimism around the global economic outlook.Contributing to the run-up is news that […]

BoJ’s Tone: A Slow, Optimistic Influence On USD/JPY

Mar 28, 2024 Jeremy Parkinson Finance 0

Image Source: Pixabay The Bank of Japan’s dovish signals counter Japanese government intervention threats, keeping USD/JPY above 151. Recent BoJ statements highlight a cautious but optimistic economic outlook, potentially influencing USD/JPY dynamics. Market watchers see BoJ’s actions and global economic indicators as the yen battles intervention speculation and policy uncertainty. In the swirling currents of […]

Initial Claims Remain Somnolent, While Continuing Claims Pop Slightly

Mar 28, 2024 Jeremy Parkinson Finance 0

The divergence in the trends between initial and continuing claims continued this week, as the former continued their somnolent good news, while the latter had a slightly disconcerting pop.Initial claims declined -2,000 to 210,000, and the four-week average declined from -750 to 211,000. On the other hand, with the usual one-week delay, continuing claims rose […]

GBP/USD Analysis: British, US Data Determines Fate

Mar 28, 2024 Jeremy Parkinson Finance 0

The most important support levels following the current downward shift may be 1.2550 and 1.2470, respectively. As March trading draws to a close, the British pound has stabilized around the $1.26 level, poised for a quarterly decline of 0.7% against the US dollar. This is amidst cautious signals from the Bank of England due to […]

Sensex Today Rallies 639 Points; Suzlon Energy Surges 5%

Mar 28, 2024 Jeremy Parkinson Finance 0

After opening the day on a positive note, Indian share markets gained momentum as the session progressed and ended on firm footing.The Indian stock market indices witnessed a sharp rally on Thursday, with the benchmark Nifty 50 surging above the 22,400 level, amid cautiously positive global market cues. The market rally was led by across-the-board […]

USD/TRY Forecast: Struggle Against USD Continues

Mar 28, 2024 Jeremy Parkinson Finance 0

The forecasts for the Turkish Lira include the continuation of the pair’s rise targeting levels of 32.50 lira, as each dip represents an opportunity to reinforce buying contracts. Signals for the Lira Against the Dollar Today – Risk 0.50%. Best Buying Points: Open a buy order at 32.20. Set a stop-loss order at 32.05. Move the […]

Stock Analysis & Elliott Wave Technical Forecast: ASX: WiseTech Global Ltd

Mar 28, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Unlocking ASX Trading Success: WISETECH GLOBAL LIMITED – WTC Stock Analysis & Elliott Wave Technical ForecastASX: WISETECH GLOBAL LIMITED – WTC Elliott Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with WISETECH GLOBAL LIMITED – WTC. We have identified a potential opportunity with wave (v)-purple, but first, we […]

First Little Ambush

Mar 28, 2024 Jeremy Parkinson Finance 0

S&P 500 rose late session in expectation of bolstered rate cutting bets via cooler GDP (and unemployment claims), but that didn‘t happen – the bulls have one more obstacle ahead of core PCE to grapple with – and they stand better chance of doing so (forcing a draw at least) today than as regards next […]