Author Archive: Jeremy Parkinson
Initial Jobless Claims Continue Neutral Trend, While Continuing Claims Make A 3 Year High
This Christmas week initial claims declined -1,000 to 219,000. The four week average rose 1,000 to 226,500. With the typical one week delay, continuing claims 46,000 to 1.910 million, the highest number in over 3 years:On the YoY% basis more important for forecasting purposes, initial claims were up 2.8%, and the four week average was […]
U.S. Energy Sector Shines In 2024 With Record-Breaking Oil Production
Image Source: Unsplash Despite ongoing concerns about global economic volatility, energy transition policies, and fluctuating demand, the U.S. energy sector has demonstrated its unmatched resilience and innovation.Building on the record-breaking momentum of 2023, 2024 has proven to be another landmark year for oil production, driven by technological advancements, strategic investments, and favorable market conditions. A Second […]
CHTR: The One Stock That Superinvestors Are Dumping: Is It Time To Sell?
Image Source: Pixabay As part of the weekly research here at The Acquirer’s Multiple we’re always interested in superinvestors who hold the same stocks that appear in our Acquirer’s Multiple Stock Screeners, based on their latest 13F’s. Investors such as Warren Buffett, Joel Greenblatt, Carl Icahn, Prem Watsa, Jeremy Grantham, Seth Klarman, Ray Dalio, and Howard […]
Ethereum Price Gears Up: Will Bulls Trigger A New Rally?
Ethereum price started a decent increase above the $3,350 resistance. ETH is now recovering some losses and might gain pace if it clears the $3,550 resistance. Ethereum started a fresh increase above the $3,400 zone. The price is trading above $3,450 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming […]
Continuing Jobless Claims Hit 3-Year-Highs As Initial Claims Hold Near 7-Month-Lows
Initial jobless claims for the week ending 12/21 were flat on the prior week at 219k, holding near 8 month lows…Source: BloombergBut, continuing job less claims keep rising, this week topping 1.9mm once again at the highest since Nov 2021…Source: BloombergSo once again America – is the labor market naughty or nice?More By This Author:Too […]
EUR/USD Analysis: Stability Of Bearish Trend
Amidst the Christmas holidays this week, the EUR/USD pair has stabilized within its broader downward trend around the 1.0400 support level. As previously mentioned, the performance will remain bearish in the final trading sessions of 2024. The economic disparity and central bank policies continue to support the bears’ dominance over the trend. The US Dollar […]
Central Bank Of Turkey Initiates Rate Cuts With 250bp And Narrows The Corridor
Image Source: Pexels At the December Monetary Policy Committee meeting, the CBT cut its policy rate by 250bp to 47.5%, which was more than the consensus forecast of a 150bp reduction, but in line with our expectation and narrowed the interest rate corridor from 600bp to 300bp.At the final MPC meeting of the year, the Central Bank of Turkey […]
XRP Price Momentum Stalls: Bulls Fails To Break Through
XRP price attempted an upside break above the $2.350 resistance zone. The price is struggling and slowly moving lower toward the $2.20 support. XRP price is attempting a fresh increase above the $2.250 resistance zone. The price is now trading above $2.25 and the 100-hourly Simple Moving Average. There is a key declining channel forming […]
GBP/USD 2025 Technical Outlook Preview
Photo by Colin Watts on Unsplash GBP/USD outlook – technical analysisGBP/USD Monthly chartGBP/USD broke out above its falling trendline dating back to 2007 but failed to extend the breakout. GBP/USD is testing the trendline support. Source: TradingViewGBP/USD Weekly chartThe BoE will likely cut interest rates more than the Federal Reserve next year, which could put GBP/USD under further […]
GBP/USD Forex Signal: Downward Momentum Slows
Bullish View Buy the GBP/USD pair and set a take-profit at 1.2665. Add a stop-loss at 1.2400. Timeline: 1-3 days. Bearish View Sell the GBP/USD pair and set a take-profit at 1.2400. Add a stop-loss at 1.2665. The GBP/USD exchange rate remained relatively unchanged this week, as the forex market experienced low volumes due to […]
