Author Archive: Jeremy Parkinson
Forex Today: Fed Bursts A Bubble
Image Source: Pixabay Risk appetite takes a strong hit as the US Federal Reserve signals a reluctance to cut rates deeply over 2025. Yesterday’s policy meeting of the US Federal Reserve saw a third consecutive rate cut of 0.25%, which was so universally expected as to be a given. The focus instead was on the Fed’s […]
The Commodities Feed – Fed Comments Weigh On The Complex
Image Source: Unsplash The Federal Reserve lowered rates by 25bp as expected but trimmed its rate cut expectations for 2025, and this has weighed on the commodities complex. Meanwhile, a somewhat soft weekly oil inventory report from the EIA added to downward pressure on the oil market. Energy – EIA reports smaller than expected inventory drawsCrude oil edged […]
EUR/USD Forex Signal: Bearish Amid Fed And BoE Divergence
Bearish View Sell the EUR/USD pair and set a take-profit at 1.0335. Add a stop-loss at 1.0550. Timeline: 1-2 days. Bullish View Set a buy-stop at 1.0440 and a take-profit at 1.0550. Add a stop-loss at 1.0335. The EUR/USD pair made a strong bearish breakout after the Federal Reserve delivered a relatively hawkish interest rate […]
Sensex Today Tanks 900 Points; Nifty Below 24,000
Asian markets traded lower on Thursday following sharp decline on Wall Street overnight. Japan’s Nikkei 225 fell 1.4% and Topix dropped 1.27%, while Japanese bond yields jumped ahead of the Bank of Japan’s monetary policy.US stock market ended sharply lower on Wednesday after the Fed cut rates but disappointed with projections that signalled a more […]
Market Melt-Down: What Changed?
Image Source: Pexels — Trying to figure out, based on previous Fed statements, why the current OMC meeting statement is so shocking and bad news.— New negatives, based on media commentary, seem to be the same negatives that have been with us ever since Fed began to lower rates— A new hitch in the ridiculous government shutdown […]
Fed Dot Plot Adjustment Shakes Up Financial Markets
Image source: Pixabay The Fed decision has come and gone and the markets have reacted. In our special report preview of the policy decision, we warned the Fed outlook could lean more hawkish in light of a stronger run of economic data coupled with ongoing inflation risk.Video Length: 00:01:18More By This Author:Fed Decision Preview – Wednesday, […]
Elliott Wave Technical Analysis – IBEX 35 (Spain) Index
IBEX 35 (Spain) Elliott Wave Analysis Trading Lounge IBEX 35 (Spain) Elliott Wave Technical AnalysisTechnical Analysis Summary Function: Counter Trend Mode: Corrective Structure: Gray wave 2 Position: Orange wave 3 Direction Next Higher Degrees: Gray wave 3 Details: Gray wave 1 appears completed. Currently, gray wave 2 of orange wave 3 is in progress. Wave Cancel Invalidation Level: 10,289.18 Analysis […]
FX Daily: Dollar Sprints To The Finish Line
Image Source: PexelsThe Fed delivered a hawkish cut yesterday, signalling only 50bp of easing in 2025 and shifting to a more patient tone on easing. That has led to another dollar rally, which we see extending into the new year. A hesitant BoJ has added fuel to the USD/JPY bull run. Today, the macro year will be […]
Here’s Why The Russell 2000 ETF Slumped After Fed Decision
Image Source: PixabayThe iShares Russell 2000 ETF (IWM) crashed hard after the Federal Reserve delivered a highly hawkish interest rate decision. It slumped by over 3%, reaching a low of $218, its lowest level since November 5. It has dropped by almost 10% from the highest level this year, meaning that it is nearing a short-term […]
Earnings Growth Expected To Broaden Beyond Tech
Image Source: Unsplash For 2024 Q4, total S&P 500 earnings are currently expected to be up +7.4% from the same period last year on +4.8% higher revenues. Q4 earnings growth improves to +9.5% once the Energy sector’s drag is removed from the aggregate numbers, but the growth pace drops to +4.0% once the Tech sector’s substantial […]
