Author Archive: Jeremy Parkinson
The Housing Sector Now Hoists A Red Flag Recession Warning
The very important construction data from the long leading housing sector was mixed this morning for November.The most leading datapoint, permits, increased 86,000 on an annualized basis to 1.505 million. Even more importantly, single family permits, which have the least noise and most signal of any of the datapoints, continued their rebound from their recent […]
USD/CHF Price Forecast: Rotates Near Key Supply Zone Ahead Of Fed Policy
USD/CHF ticks higher to near 0.8945 ahead of the Fed policy meeting at 20:00 GMT. The Fed is expected to cut interest rates by 25 bps to 4.25%-4.50%. The Swiss agency has lowered GDP growth to 0.9% and 1.5% for the current year and 2025, respectively. The USD/CHF pair moves slightly higher to near 0.8945 in […]
Younger Teens Disappearing From Ranks Of U.S. Workers
In November 2024, the number and percentage of younger teens with jobs in the U.S. fell to its lowest level since March 2021.The number of U.S. teens Age 16 and 17 with jobs in the U.S. workforce declined to a seasonally-adjusted 1,927,000 in November 2024, some 280,000 below the 2,207,000 young teens recorded with jobs […]
Dow Looks To Avoid 10 In A Row
There’s a positive tone in futures this morning, but what makes today slightly different from the last two weeks is that the Dow futures are slightly outperforming on the session, and the equal weighted S&P 500 is up slightly more than the cap-weighted index. Could this be the long-awaited day of positive breadth where the […]
EUR/USD Analysis: Bearish Outlook Ahead Of US Interest Rate Cut
As previously anticipated, the EUR/USD pair has maintained a downward trend, stabilizing around and below the 1.05 support level, confirming the strong dominance of bears in the market. At the beginning of today’s crucial Wednesday trading session, the Euro-Dollar pair is stabilizing around the 1.0485 support level. Today, the primary focus will be on the […]
Oversold Alert! Could This Be The Start Of The Next Big Move?
Image Source: Unsplash Watch the video from the WLGC session on 17 Dec 2024 to find out the following: Is the current market consolidation setting up for a breakout or further retracement What key indicators should traders watch for confirmation of a trend reversal How to use the short-term market breadth oscillating level to anticipate the […]
German banking giant develops Ethereum L2 using ZKsync
Key Takeaways Deutsche Bank is developing a layer 2 blockchain solution on Ethereum powered by ZKsync technology. The project’s aim is to address regulatory challenges for financial institutions using public blockchains and provide more efficient transactions. Share this article Germany’s largest bank Deutsche Bank is developing an Ethereum layer 2 network using ZKsync technology to […]
Elliott Wave Technical Analysis – MicroStrategy Inc.
MSTR Elliott Wave Analysis Trading LoungeMicroStrategy Inc., (MSTR) Daily ChartMSTR Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of 3.DIRECTION: Pullback in (iv) of {v}.DETAILS: Looking for completion in wave (iv) to then continue higher and complete the five wave move into Minute wave {v} and back towards 500$.MicroStrategy Inc., (MSTR) 1H ChartMSTR Elliott Wave Technical […]
Fed, BoE And BoJ Interest Rate Meetings In Focus
The Federal Reserve (Fed), the Bank of England (BoE) and the Bank of Japan (BoJ) will announce their interest rate decisions today and tomorrow so most economists will be focused on the post-meeting statements to understand the future policy course for three of the major central banks worldwide.In other news, UK CPI inflation rose by 2.6% in […]
Should The Fed Cut Interest Rates Today?
The market is confident that a 25-basis-points reduction is a done-deal for today’s policy announcement, based on Fed funds futures. But the question of whether the Fed should cut is more complicated.Recent inflation data has been sticky, which dulls the case for more cuts. The counter-argument points to a gradual but conspicuous softening of the labor market. […]
