Author Archive: Jeremy Parkinson
The Dow Jones Has Fallen For 9 Consecutive Trading Sessions
Image Source: Unsplash As of Tuesday’s close, the Dow Jones Index (US30) was down -0.61%, extending its losing streak to nine sessions. The S&P500 index (US500) was down -0.39%. The Nasdaq Technology Index (US100) lost -0.43%. The US stocks declined on Tuesday as markets refrained from opening risky positions ahead of tomorrow’s Federal Reserve decision. After […]
Governments Are Silently Collapsing Around The World Right Now
Image Source: Pexels Canada. France. Germany. What do they have in common? Central banks in each are cutting rates. Also, their governments have either collapsed or, Canada, about to. Why? Same reason there are rate cuts. It’s not ideology nor really partisanship. It’s the economy, stupid.Video Length: 00:18:05More By This Author:Global Bonds Are Crashing, Here’s What […]
Daily Market Outlook – Wednesday, Dec. 18
Image Source: Pexels Asian stocks saw a slight increase in a stable trading environment as investors prepared for the Federal Reserve’s last policy decision of the year. The MCSI Asian regional stock index rose by 0.3% after a three-day decline, with gains in Hong Kong and mainland China balancing losses in Japan and Australia. Nissan’s shares […]
Gold Trading Strategy Today – Wednesday, Dec. 18
Image Source: Pixabay Today you will see Gold price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD. What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:02:46More By This Author:Gold Trading Strategy Today – Tuesday, […]
Elliott Wave Technical Analysis – S&P BSE Sensex Index
S&P BSE Sensex (INDIA) Elliott Wave Analysis Trading Lounge Day ChartS&P BSE Sensex (INDIA) Elliott Wave Technical Analysis Function: Counter Trend Mode: Impulsive Structure: Gray Wave C Position: Orange Wave 4 Direction Next Higher Degrees: Orange Wave 5 Details: Gray wave B of orange wave 4 is considered complete. Currently, gray wave C of orange wave 4 […]
PolkaDot Is In A Bigger Recovery As Anticipated
Crypto market is in a massive rally and there can be space for more gains, as we see an unfinished five-wave bullish cycle. One of the ALTcoins that shows an ongoing five-wave impulse is PolkaDot with ticker DOTUSD, which is coming nicely higher for wave (C) or (3) after we noticed a complex W-X-Y corrective […]
More Revisions Coming To Employment Data
In August, the BLS revised 2024 employment growth lower by 818k jobs in its preliminary revision of its Current Employment Statistics (CES). Despite the substantial revision, more reductions to the official employment data are likely to come next month. In January, the BLS will release its final benchmark revision. The preliminary and final revisions to […]
Gold’s Upside Attempts Remain Limited With All Eyes On The Fed
Gold finds support at $2,630 but remains capped ahead of the Fed’s decision. The market is bracing for a Fed “hawkish cut” that might boost the US Dollar and weigh on Gold. XAU/USD remains under pressure, with upside attempts capped below $2,665. Gold (XAU/USD) is practically flat on Wednesday after bouncing up from a one-week low […]
EUR/USD Forex Signal: Bullish Consolidation Basing Off $1.0480
My previous EUR/USD signal on 11th December was not triggered, as the bullish price action happened below my identified support level at $1.0499. Today’s EUR/USD Signals Risk 0.75%. Trades may only be taken before 5pm London timetoday. Short Trade Idea Go short following a bearish price action reversal on the H1 timeframe immediately upon the next touch […]
Sensex Today Trades Marginally Lower; Nifty Below 24,350
Asian markets traded mixed on Wednesday following overnight losses on Wall Street.Japan’s Nikkei 225 fell 0.4%, while the Topix rose 0.1%. South Korea’s Kospi gained 0.6%, while the Kosdaq declined 0.4%US stock market ended lower on Tuesday as investors exercised caution ahead of the Federal Reserve’s monetary policy announcement.Here’s a table showing how US stocks […]
