Author Archive: Jeremy Parkinson
Gold Analysis: Market Performance Affected By Weak Liquidity
For three consecutive trading sessions, gold prices have been trying to rebound to recover the losses of the previous week, which extended to the support level of $2,583 per ounce. The rebound gains, coinciding with the halt of the US dollar’s gains, did not exceed the resistance level of $2,633 per ounce before stabilizing around […]
Market Blast – Tuesday, Dec. 24
Image Source: Pexels Equity futures are mixed this morning with the Industrials once again in the red, though ever so slightly. Today is Christmas Eve, a half trading session so volume is going to be low, price moves erratic and really should be little to do other than some maintenance of positions (adding or trimming exposure).Interest […]
GBP/USD Forecast: Struggles Against The Dollar
The British pound has initially tried to rally a bit during the trading session on Monday, but as you can see, has struggled a bit to continue to go higher and has turned things around actually to show signs of weakness. With that being the case, I think you’ve got a situation where traders will […]
GBP/USD Forex Signal: Double Bottom Points To A Rebound
Bullish View Buy the GBP/USD pair and set a take-profit at 1.2650. Add a stop-loss at 1.2450. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.2510 and a take-profit at 1.2450. Add a stop-loss at 1.2650. The GBP/USD pair was flat after the Conference Board published the latest US consumer confidence report and after […]
Gold Gains Momentum Amid Doubts Over 2025 Fed Rate Cut Pace
Gold prices surged over 25% in 2024, fuelled by central bank buying. Bloomberg Dollar Spot Index stable after recent 0.3% gain. Palladium and silver rise; platinum edges lower in thin trading. Gold prices have steadied at $2,620 an ounce, reflecting investor caution amidst mixed signals from the US Federal Reserve.After closing 0.4% lower earlier this […]
Crude Oil Volatility Settles Down Ahead Of API Stockpile Data
Oil prices trade in tight ranges as traders head into the Christmas holidays. Markets are not taking any stance despite some headlines about further stimulus in China, one of the top global consumers. The US Dollar Index trades just shy of a two-year high as volatility winds down. Crude Oil prices are starting to see […]
XRP Price Fresh Surge: Bulls Gear Up For Action
XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone. XRP price is attempting a fresh increase above the $2.20 resistance zone. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. There was a break above […]
Bitcoin Price On Thin Ice: Could A Major Drop Be Next?
Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level. Bitcoin started a fresh decline below the $95,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance […]
Canadian Dollar Declines After Weak GDP Data
Image Source: Pexels At Monday’s close, the Dow Jones Index (US30) was up 0.16%. The S&P 500 Index (US500) added 0.73%. The Nasdaq Technology Index (US100) jumped by 1.01%. Stocks rose on Monday thanks to gains in technology and chip companies’ share prices, with Nvidia up 3% and TSMC, Broadcom, and AMD up nearly 5%, confirming […]
Canada’s GDP Stronger Than Expected In October But Contracts In November
Canada’s GDP a Mixed Bag Canada posted a good news-bad news GDP (Gross Domestic Product) report yesterday. The economy climbed 0.3% month-on-month in October, following a 0.2% gain (revised from 0.1%) in September and above the market estimate of 0.1%. The acceleration was driven by an increase in manufacturing output, services activity and oil and gas […]
