Author Archive: Jeremy Parkinson
Nissan Shares Jump 23% On Potential Honda Merger: What You Need To Know
Image Source: Pixabay Nissan shares surged 23.7%, while Honda shares slipped 3%. The merger could create the world’s third-largest automaker with over 8 million vehicle sales annually. Mitsubishi shares rose 19%, reflecting optimism about its potential inclusion in the alliance. On Wednesday, Nissan (NSANF) shares skyrocketed by 23% after reports suggested the Japanese automaker is discussing merging […]
Ford Stock Is Headed For Further Struggles In 2025
Image Source: Unsplash Jefferies analyst sees further downside in Ford stock to $9.00 in 2025. Philippe Houchois explained why in a research note on Monday. F share price has already lost nearly 30% over the past six months. Ford Motor Co (F) could find “mild relief” as President-elect Donald Trump eases emissions regulations next year, as […]
EUR/USD Strengthens Above 1.0500, All Eyes Are On Fed Rate Decision
Image Source: Pixabay EUR/USD gains momentum to around 1.0505 in Wednesday’s Asian session. The US Fed is expected to make a third consecutive rate cut at its December meeting on Wednesday. The rising bet for the ECB’s further interest rate cuts could undermine the Euro. The EUR/USD pair holds positive ground to near 1.0505 during the […]
Fed expected to make third rate cut today—here’s what to expect
Key Takeaways The Fed is expected to lower interest rates by 25 basis points to a range of 4.25% to 4.5%. Increased market instability is possible as the event looms. Share this article The Federal Reserve is scheduled to announce its interest rate decision during its meeting on Wednesday. Economists widely predict that the Fed […]
Gold Price Extends The Range Play As Traders Keenly Await Fed Rate Decision
Image Source: Unsplash Gold price lacks any firm intraday direction and oscillates in a narrow band on Tuesday. Bets for a less dovish Fed, elevated US bond yields and a bullish USD cap the XAU/USD. Traders keenly await the FOMC policy decision to determine the near-term trajectory. Gold price (XAU/USD) remains depressed through the first half […]
Elliott Wave View: Bitcoin Has Reached Inflection Area
Image Source: PexelsShort Term Elliott Wave View in Bitcoin (BTCUSD) suggests rally from 6 September 2024 low is in progress as a 5 waves impulse. Up from 6 September, wave 1 ended at 66508 and dips in wave 2 ended at 58867. The crypto-currency has extended higher in wave 3 towards 103647 as the 1 hour chart […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Tuesday, Dec 17
Image Source: UnsplashThe S&P and Nasdaq are beginning to diverge from each other in terms of their EW counts. I discuss tonight the potential that the S&P 500 may have completed all legs up to complete the Intermediate 3rd wave. While I continue to keep that count and thought on the “shelf” I feel it is […]
Current Report: Universal Corp
Image Source: PixabayUniversal Corp (UVV) is a global leaf tobacco supplier. The company procures leaf tobacco from farmers, processes it, and sells it to companies that manufacture consumer tobacco products.Universal does not manufacture or sell any consumer products itself. The company’s segments include Tobacco Operations and Ingredients Operations. It generates maximum revenue from the Tobacco Operations […]
Financial Markets Report For Tuesday, Dec 17
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Tuesday, December 17.Video Length: 00:10:00More By This Author:Metal Markets Report For Monday, Dec 16Financial Markets Report For Monday, Dec 16Metal Markets Report For Thursday, Dec 12
Will The Fed Confirm A “ Hawkish Cut”
Image Source: PexelsUS stocks tumbled across the board on Tuesday, with the Dow marking its longest losing streak in 46 years. This downturn suggests insufficient sector reindeer are pulling their weight to sustain Santa’s holiday rally sleigh, especially against an increasingly perceived hawkish Fed outlook.Indeed, US stocks waned as traders parsed a robust retail sales report, […]
