2024 - Page 2261 of 2348 -

USD/CAD Forecast: BoC Deals A Blow To Rate Cut Expectations

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

The USD/CAD forecast took a bearish turn after the Bank of Canada dashed hopes for an imminent rate cut. Moreover, the Canadian dollar strengthened, fueled by the surge in oil prices amidst concerns over supply shortages, adding to the currency’s decline. On Wednesday, the Bank of Canada held rates at 5%, in line with market expectations. […]

AUD/JPY Depreciates On Expectations Of BoJ Lifting Negative Rates, Hangs Near 97.50

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay AUD/JPY loses ground on hawkish comments from BoJ officials on Thursday. Traders await the Japanese GDP Annualized due on Friday to gain further cues on the economy. Aussie Trade Balance (MoM) increased to 11,027M in February, lower than the expected 11,500M. AUD/JPY plunges to near 97.50 during the European session on Thursday, […]

Finding Good Quality Investments

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Last Month’s Winners and LosersLast month favored the fanciful, with a strong performance in crypto, theme stocks, growth, and momentum. Stodgy stocks were stuck in the mud, with weak performance turned in by value, regional banks, and utilities. Long-term bonds also lagged as rates rose for the month. StocksThe market continued to be led by […]

EUR/USD Forex Signal: Weakly Bullish Above $1.0881

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Mildly bullish above $1.0881, with ECB meeting today. Profitable short from $1.0872. Watch for trades at $1.0932, $1.0998, and $1.0881.My previous EUR/USD signal on 5th March produced a profitable short trade from the bearish reversal at $1.0872. Today’s EUR/USD Signals Risk 0.75%. Trades must be entered between 8am and 5pm London time today only. Short Trade Ideas Short […]

The Impossible Dream

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

US debt is out of control; inflation is still rising. Fed Chairman Jerome Powell is tasked with fixing a historic mess. The star is unreachable….The Glass Steagall Act was passed in 1933. Until its repeal under the Clinton administration in 1999, the Federal Reserve had no “emergency” banking system bailouts. Less than a decade later […]

Three Promising SPX Stocks That Are Not AI, Big Tech, Or Crypto

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: DepositPhotosThese stocks are worth looking into with so much attention siphoned into AI and semiconductor equities.As of March 2023, Nasdaq had a combined equity offering of 3,611 stocks. Yet, in this ocean of market capitalization, 70% of the gains came from just seven companies by the end of the year. When investor attention is this […]

Gold Reaches Unprecedented High Amid Economic Uncertainties

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Image Source: Pixabay Gold trading reached a significant milestone on Thursday, with prices hitting an all-time high of $2150.00 per Troy ounce. This remarkable surge was propelled by a confluence of factors. These include the decline in US government bond yields, the weakening US dollar, and speculation about a potential interest rate cut by the US […]

Solana’s Price Rises Above $140.00, What About Cardano?

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Solana chart analysisToday, we see Solana’s price again above the $140.00 level, and we are very close to testing the previous high at the $143.00 level. We need another impulse to make it happen. The price is on a good run and could do so by the end of the day. Potential higher targets are […]

Rates Spark: Still A Near-Term Holding Pattern

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Market rates still test lower with curves flattening. It’s not a conviction move yet ahead of Friday’s key US jobs data, rather a reaction to an aggregate of global headlines also surrounding US regional banks. Powell reiterated the Fed needs more evidence to justify cuts. The ECB may pave the way for a cut in June, but […]

Gold Commentary – Thursday, March 7

Mar 07, 2024 Jeremy Parkinson Finance, No picture 0

Gold Breaking OutGold prices have traded up to fresh record highs this week as the US Dollar continues to trail off ahead of tomorrow’s keenly awaited NFP data. Yesterday, comments from Fed chair Powell did little to inspire USD buying with Powell simply reaffirming the message that rate cuts are still very much on the […]