January 2025 - Page 48 of 62 -

USD/CAD Forecast: Will The Dam Break For CAD?

Jan 03, 2025 Jeremy Parkinson Finance 0

When you zoom out, you can see that the 1.45 level is an area that has seen some pushback a couple of times in the past. The question of course is, should you short it, or should you buy it? I think we’ll know that answer in the next couple of weeks, but I will […]

Benign Food Prices Help Turkey’s Disinflation Path

Jan 03, 2025 Jeremy Parkinson Finance 0

Image Source: Pexels Turkey’s December inflation numbers came out better than expected, implying an improvement in the underlying trend.Turkey’s monthly inflation figure has come out at 1.0%. That’s below the consensus call of 1.6% and our 1.4% call. Annual inflation in 2024 turned out to be 44.4% YoY (vs the CBT forecast in the latest inflation […]

Brent Eases Below $76 After New 2-Month High

Jan 03, 2025 Jeremy Parkinson Finance 0

Brent in slight technical pullback after breaching $76 and 100-day SMA Brent still up 1.4% so far in 2025 US crude inventories fell for 6th straight week Sustained oil gains require drastic recovery in global demand, especially China Oil’s mixed outlook: Money managers bullish, US shale execs bearish Brent rose to its highest level since October, only to […]

Ethereum Price Steadies: Bulls Push For A Controlled Comeback

Jan 03, 2025 Jeremy Parkinson Finance 0

Ethereum price started a fresh recovery wave above the $3,400 zone. ETH is consolidating and aims for a fresh increase above the $3,500 resistance. Ethereum started a decent recovery wave above the $3,450 zone. The price is trading above $3,420 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with […]

PBoC Will Favor Adjusting Interest Rates To Stimulate The Economy

Jan 03, 2025 Jeremy Parkinson Finance 0

Image Source: Pexels The Dow Jones index (US30) was down 0.36% at Thursday’s close. The S&P500 Index (US500) decreased by 0.22%. The Nasdaq Technology Index (US100) fell by 0.17%. The weakness in mega-cap stocks of Tesla and Apple has impacted the broader market. On Thursday, Tesla shares fell more than 6% after the company reported lower-than-expected […]

EUR/USD Is At Parity Risk Amid Fed-ECB Policy Divergence

Jan 03, 2025 Jeremy Parkinson Finance 0

EUR/USD finds temporary support in Friday’s European session after diving to near 1.0220 on Thursday, the lowest level seen in over two years. Market experts see the major currency pair falling further to parity on Federal Reserve (Fed) – European Central Bank’s (ECB) divergent views on the monetary policy outlook. On the left side of the Atlantic, Fed officials […]

Stocks Are Overvalued And 10-Year Forward Returns Look Poor: Update December 2024

Jan 03, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The average of S&P 500 for Dec-2024 was 6,011, (34% up from the Jul-2023 average of 4,497 when forward returns for stocks “looked reasonably good” according to this analysis). The S&P 500 is now 2,135 points higher than the corresponding long-term trend value of 3,876. For the S&P 500 to reach the […]

Sensex Today Trades Lower; Nifty Below 24,150

Jan 03, 2025 Jeremy Parkinson Finance 0

Asian equities showed signs of bucking the dour mood on Wall Street that dragged US stocks lower for a fifth day.Wall Street’s main indexes rose in the first trading session of 2025 as investors pinned their hopes on a fresh political landscape and more interest rate cuts, but Tesla limited gains on the Nasdaq after […]

Gold Forecast: Gold Eyes Breakout

Jan 03, 2025 Jeremy Parkinson Finance 0

During the early hours on Thursday, we’ve seen gold climb pretty nicely to break above the 50 day EMA, and it now looks like we may continue the overall consolidation. While I’m not wildly bullish on gold, it is worth noting that yields dropped during the session on Thursday. This gave gold a little bit […]

USD/CAD Holds Losses Around 1.4400, Receives Downward Pressure From Higher Oil Prices

Jan 03, 2025 Jeremy Parkinson Finance 0

Image source: Pixabay USD/CAD edges lower as the commodity-linked CAD receives support from improved Oil prices. WTI price extends its gains due to optimism surrounding the policy support to revive economic growth worldwide. The US Dollar Index reached a fresh multi-year high of 109.56 following the US Initial Jobless Claims on Thursday. USD/CAD halts its three-day […]