Author Archive: Jeremy Parkinson
GBP/USD Forecast: Sterling Outlook After The BoE, Fed Decisions?
Photo by Colin Watts on Unsplash The GBP/USD pair has slumped after the Bank of England decision. The BoE left interest rates unchanged at 4.75% as expected. Economists expect more aggressive interest rate cuts. The GBP/USD exchange rate dived to its lowest level since May 2024 as the US dollar index surge gained steam. It dropped to […]
BTC/USD Forecast: Bitcoin Holds $100K Support
During my analysis of Bitcoin, the first thing that comes to my attention is the fact that the $100,000 level continues to be very important. This is obviously a large, round, psychologically significant figure, and I would venture to say there are probably a lot of options traders willing to get involved here. Furthermore, retail […]
The Commodities Feed: Stronger USD Prompts Oil Sell-Off
Image Source: Unsplash Crude oil extended its fall in the early trading session today as broader market concerns have weighed on the complex, while a stronger dollar has also added further pressure. Meanwhile, the above-normal inventory draw keeps pushing US natural gas higher. Energy – WTI settles below $70/bblCrude oil prices edged lower with NYMEX WTI […]
USD/JPY Price Forecast: Bulls Pause For Breather Ahead Of US PCE Price Index
USD/JPY attracts some intraday sellers after stronger inflation figures from Japan. The risk-off mood and retreating US bond yields also benefit the lower-yielding JPY. The divergent Fed-BoJ outlook should limit losses ahead of the US PCE Price Index. The USD/JPY pair retreats following an intraday uptick to the 158.00 neighborhood, or a five-month peak and […]
The Federal Reserve’s “Hawkishness” Finally Gets The Stock Market’s Attention
Image Source: Pixabay Attention! For three months, the bond market has flagged stabilizing inflation starting with the Fed’s first rate cut of 50 basis points (bps). The stock market continued to rally along its uptrend lines. In parallel, the Federal Reserve signaled its second thoughts about its benign projections for inflation in the September Summary of […]
US Bitcoin ETFs see historic outflows as brutal sell-off shakes crypto markets
Key Takeaways US Bitcoin ETFs experienced historic outflows with investors withdrawing $672 million in a day. Fidelity’s Bitcoin Fund led the outflows, followed by Grayscale and ARK Invest ETFs. Share this article US spot Bitcoin ETFs experienced their largest single-day outflow on record, with investors withdrawing approximately $672 million on Thursday amid a broad crypto […]
The Uniform Comes Off
Image Source: UnsplashIt’s honestly very cool to see sanity leak into the market.Take Cintas (CTAS) for instance. I could never understand why a manufacturer of uniforms – – UNIFORMS!!! – – like nurses and cops wear! – – would have a chart like this.In a matter of days, a full 20% of the company’s value is gone. I imagine there’s VASTLY more reductions forthcoming.More By This Author:Novo Nordisk […]
Elliott Wave View: EURUSD Short Term Remains Bearish
Image Source: PixabayShort Term Elliott Wave view in EURUSD suggests the decline from 9.25.2024 high is in progress as an impulse. Down from 9.25.2024 high, wave 1 ended at 1.076 and wave 2 rally ended at 1.0936. Pair then resumed lower in wave 3 towards 1.033. Corrective rally in wave ended at 1.063 as the 1 […]
SPDR ETF Report For Thursday, Dec 19
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Thursday, December 19.Video Length: 00:14:42More By This Author:Financial Markets Report For Thursday, Dec 19Financial Markets Report For Wednesday, Dec 18Metal Markets Report For Wednesday, Dec 18
WTI Moves Below 69.00, Further Downside Seems Possible Due To Stronger US Dollar
Image Source: Unsplash WTI price, denominated in dollars, moves for a weekly decline due to a stronger US Dollar. Crude Oil prices struggle as central banks emphasize the need for caution regarding additional rate cuts. J.P. Morgan analysts projected that Oil supply will exceed demand by 1.2 million barrels per day next year. West Texas Intermediate […]
