2025 - Page 236 of 293 -

Australian Dollar Extends Losses As November Retail Sales Comes In Below Expectations

Jan 08, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash The Australian Dollar loses ground after releasing mixed domestic data on Thursday. China’s Consumer Price Index rose by 0.1% YoY in December, against the previous 0.2% increase. The US Dollar rose as the 10-year yield on Treasury bonds advanced following the FOMC Minutes release. The Australian Dollar (AUD) extends its losses for the […]

WTI Declines Below $72.50 On Stronger US Dollar

Jan 08, 2025 Jeremy Parkinson Finance 0

Image Source: Pixabay WTI price attracts some sellers to $72.40 in Thursday’s Asian session. The firmer USD weighs on the WTI, but the fear of supply disruptions might cap its downside. US crude oil inventories declined by 959,000 last week, according to the EIA. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $72.40 on […]

Japanese Yen Recovers From Multi-Month Low Against USD On Stronger Wage Growth Data

Jan 08, 2025 Jeremy Parkinson Finance 0

Image Source: Pixabay The Japanese Yen strengthens in reaction to strong wage growth data from Japan. The uncertainty over the likely timing of the next BoJ rate hike might cap the JPY. Hawkish Fed, and elevated US bond yields lend some support to the USD/JPY pair. The Japanese Yen (JPY) ticks higher against its American counterpart […]

Elliott Wave View: S&P 500 Looking For A Double Correction

Jan 08, 2025 Jeremy Parkinson Finance 0

Image Source: PexelsShort Term Elliott Wave view in S&P 500 (SPX) suggests the rally to 6099.6 ended wave ((3)). Pullback in wave ((4)) is currently in progress to correct cycle from December 22, 2022 low. Internal subdivision of the pullback is unfolding as a double three Elliott Wave structure. Down from wave ((3)), wave A ended at […]

I’m Not Worried About This Pullback

Jan 08, 2025 Jeremy Parkinson Finance 0

Image Source: PixabayStocks gave back all of Monday’s gains and then some today. Monday’s panic buyers were mercilessly punished for going nuts during the spree.Frankly, I’m not surprised by today’s plunge – I actually find it encouraging. That’s because a period of sideways price action will provide fuel for an even more powerful rally down the […]

Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Jan 8

Jan 08, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashTonight I made the changes to the EW labeling reflecting the Minor ‘a’ wave still in progress and the count reflecting a “nesting” 1,2,1,2 formation. I discuss the implications and what to expect moving forward. Wednesday’s trade remained somewhat inside the box that has formed within trade from the low on December 20th and […]

DOJ cleared to sell $6.5B in Bitcoin seized from Silk Road

Jan 08, 2025 Jeremy Parkinson Cryptocurrency, No picture 0

Key Takeaways The US Department of Justice was approved to sell 69,370 Bitcoin seized from Silk Road. Battle Born Investments opposed the sale but failed to block it. Share this article The US Department of Justice (DOJ) has received court approval to sell approximately 69,370 Bitcoin seized in connection with the Silk Road darknet marketplace, […]

The Canadian Cannabis Report – Monday, Jan 6

Jan 08, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: UnsplashFor the trading week ended January 3, 2025 my proprietary Canadian Cannabis Company Index (MCCCI) increased by 4.5% compared to the prior week when it was unchanged. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]

Top Stock Reports For Amazon.com, Procter & Gamble And Sony

Jan 08, 2025 Jeremy Parkinson Finance 0

Image Source: PexelsThe Zacks Research Daily presents the best research output of our analyst team. Today’s Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), The Procter & Gamble Co. (PG), and Sony Group Corp. (SONY), as well as a micro-cap stock The Monarch Cement Co. (MCEM). The Zacks microcap research […]

These Fakeout Breakouts Could Double Our Profits This Week

Jan 08, 2025 Jeremy Parkinson Finance, No picture 0

Image Source: Unsplash Sideways ranges everywhere tonight! And that’s good news for us, because ranges are the easiest markets to trade…And if we’re lucky, we’ll get Fakeout Breakouts on both sides of this range going into Non-Farm Payrolls on Friday!Markets are closed tomorrow in honor of Jimmy Carter’s passing…But that won’t stop us from getting ready […]