Author Archive: Jeremy Parkinson
FTSE Starts The Week On The Backfoot Ahead Of Central Bank Bonanza
Image Source: Pexels U.K. stocks dipped on Monday, while the pound strengthened in anticipation of the flash PMI data set to be released later in the day. The Bank of England is scheduled to meet on December 19, with analysts expecting interest rates to remain unchanged. The FTSE 100 index fell by 0.3% following a 0.1% […]
XRP Price Holds Steady: What’s Next After Consolidation?
Image by WorldSpectrum from Pixabay XRP price started a downside correction from the $2.50 zone. The price is now consolidating gains and might aim for a move above the $2.4650 resistance zone. XRP price started a fresh increase above the $2.425 zone. The price is now trading above $2.350 and the 100-hourly Simple Moving Average. There is a […]
Time For A Little Holiday Entertainment
Image Source: Unsplash The performance of stocks at the index level may be causing concern for some market participants, and understandably so. The Dow has sold off for eight days in a row, which is enough to raise the eyebrows of the market’s trend-followers.But last week saw the Nasdaq continue its surge to new all-time highs […]
Seasonal Trends About To Change
Image Source: Unsplash The narrow stock market rally continues along. I think the Dow Industrials have been down something like 8 straight days. Small and mids have to be close. My take on them has clearly been wrong this month. And while there seems to be a reemergence of leadership from large cap growth which we […]
Crypto Trading Volume At Robinhood Surged In Nov As Exchange Added 420k New Users
Image courtesy of 123rf.com Robinhood Markets, Inc. (Nasdaq: HOOD), based in Menlo Park, California, released its November 2024 data on December 11, highlighting notable growth across multiple metrics. The company reported increased funded customers, assets under custody, and trading volumes, underscoring a period of substantial expansion. With a focus on cryptocurrencies and increased customer engagement, Robinhood positions itself […]
Dow Eyes Worst Losing Streak Since 2018
The Nasdaq Composite (IXIC) is up triple digits midday, hitting fresh record highs as it looks to build off a fourth-straight weekly win. The S&P 500 Index (SPX) is modestly higher, while the Dow Jones Industrial Average (DJI) pulls back from its premarket gains to drop quietly into the red, eyeing its eighth and longest daily losing […]
What A Change-Interest Growing On Buying U.S. Debt – The Corn & Ethanol Report
We kicked off the day with NY Empire State Manufacturing Index at 7:30 A.M., S&P Global Composite PMI Flash, S&P Global Manufacturing Index PMI Flash, and S&P Global Services PMI Flash at 8:45 A.M., Wxport Inspections at 10:00 A.M., 3-Month & 6-Month Bill Auction at 10:30 A.M., and NOPA Crush at 11:00 A.M.Photo by Jesse Gardner on Unsplash […]
Unlocking ASX Trading Success: Aristocrat Leisure Limited
ASX: ARISTOCRAT LEISURE LIMITED – ALL Elliott Elliott Wave Technical Analysis TradingLoungeGreetings, Our Elliott Wave analysis today updates the Australian Stock Exchange (ASX) ARISTOCRAT LEISURE LIMITED – ALL. We see that in the short term ASX:ALL is close to completing a Triangle, and we should have another push up after that.ASX: ARISTOCRAT LEISURE LIMITED – […]
Ripple’s RLUSD stablecoin set to launch Tuesday as XRP token jumps 8%
Key Takeaways Ripple announces RLUSD stablecoin launch for December 17, 2024. XRP token surges 8% on RLUSD news, reaching $2.56 with a $146 billion market cap. Share this article Ripple has officially announced that its USD-backed stablecoin, Ripple USD (RLUSD), will launch on Tuesday, December 17, 2024.Initially, the stablecoin will be available on exchanges including […]
Market Insights: AI, Drones, And Big Data Stocks To Watch Now
Image Source: Unsplash Market Insights and Top Stock Picks: December 16, 2024 As we approach year-end, the markets are buzzing with activity, and today is no exception. Below, we’ll break down the macro environment and highlight the top stock picks of the day, analyzed using StoryTrading’s signature 4-pillar strategy: ⚡ Catalysts, ❤️ Sentiment, 📊 Fundamentals, and […]
