2024 - Page 69 of 2348 -

Fed’s Favorite Inflation Indicator Holds At 7-Month High

Dec 20, 2024 Jeremy Parkinson Finance 0

The Fed’s favorite (until it starts rising) inflation indicator – Core PCE – printed cooler than expected for November (+0.1% MoM vs +0.2% MoM exp) which held it steady at +2.8% YoY (below the expected 2.9%) – tied for the highest since April…Source: BloombergHowever, Headline PCE rose to +2.4% from +2.3% – its highest since […]

Too Labored Bottoming

Dec 20, 2024 Jeremy Parkinson Finance 0

S&P 500 did not see convincing buying following the opening bell in the least – no surprise to clients, I had been bearish ever since the intraday update issued for them during Powell conference latter minutes. Also the macro reasons given for the slide presented earlier yesterday, offered my view on which price action scenario is to […]

December Of Discontent

Dec 20, 2024 Jeremy Parkinson Finance 0

It doesn’t officially start until tomorrow, but already it has been a December of discontent for bulls as breadth has been negative for a record 14 straight trading days and looks likely to extend that streak to 15. This kind of consistent broad weakness is unprecedented, and it’s reflected in the performance of the eleven […]

Italian December Confidence Data Points To Continued Economic Soft Patch

Dec 20, 2024 Jeremy Parkinson Finance 0

Image Source: Pexels Manufacturing and construction confidence was confirmed as weak but improved in services. Softer consumer confidence is a stark reminder that the consumption drive we anticipate for 2025 is not immune to downside risks. Consumers increasingly concerned by economic developments and future unemploymentConsumer confidence has declined for the fourth consecutive month, driven by growing concerns about […]

French banking giant to debut Bitcoin and crypto investment services for customers in 2025

Dec 20, 2024 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways BPCE plans to offer crypto investment services in 2025 through its subsidiary Hexarq. Hexarq is the second bank in France to receive PSAN authorization from the AMF. Share this article BPCE, one of France’s largest banks, is preparing to launch Bitcoin and crypto investment services for its customers through its subsidiary Hexarq, following […]

Government Shutdown Risk Is New Headache For US Economy

Dec 20, 2024 Jeremy Parkinson Finance 0

The good news is that the engine of growth for the US economy is the private sector. But the government’s share of GDP isn’t trivial, which means that a potential government shutdown that could start at midnight tonight will be a non-trivial event.How did we get into this mess? The usual path: political dysfunction in […]

USD/CAD Fails At 1.4435 And Pulls Back Below 1.4400 Weighed By A Softer US Dollar

Dec 20, 2024 Jeremy Parkinson Finance 0

Photo by Michelle Spollen on Unsplash The Canadian Dollar trims some losses with the USD pulling back ahead of US inflation data. The US Dollar is correcting lower against its main rivals on Friday after having rallied sharply this week. The USD/CAD has been capped at 1.4435 earlier today turning negative on the day below 1.4400 to […]

USD/CAD Moves Toward Multi-year Highs Above 1.4400 Due To Risk Aversion, Lower Oil Prices

Dec 20, 2024 Jeremy Parkinson Finance, No picture 0

USD/CAD retraces its recent losses and edges higher toward 1.4467, the highest level not seen since March 2020, which was recorded in the previous session. The pair trades near 1.4410 during the Asian hours on Friday.The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six other major currencies, maintains its position […]

XRP Price Shows Resilience While BTC Sinks Deeper

Dec 20, 2024 Jeremy Parkinson Finance 0

XRP price remained stable above the $2.20 support zone. The price is consolidating and might aim for a fresh increase above the $2.40 resistance. XRP price remained stable above the $2.20 zone. The price is now trading below $2.40 and the 100-hourly Simple Moving Average. There is a connecting bearish trend line forming with resistance […]

US Stocks Futures Dive Lower Over Govt Shutdown Fears Ahead Of Key Inflation Data Release

Dec 20, 2024 Jeremy Parkinson Finance 0

Image source: Pixabay The tech-heavy Nasdaq 100 e-minis posted the steepest drop, falling 280 points, or 1.3%. Investor sentiment was further dampened by concerns over a potential US government shutdown. Markets will closely watch the release of the November personal consumption expenditures (PCE) inflation index US stock futures fell on Friday as markets braced for […]