Author Archive: Jeremy Parkinson
GBP/USD Forex Signal: Double Bottom Points To A Rebound
Bullish View Buy the GBP/USD pair and set a take-profit at 1.2650. Add a stop-loss at 1.2450. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.2510 and a take-profit at 1.2450. Add a stop-loss at 1.2650. The GBP/USD pair was flat after the Conference Board published the latest US consumer confidence report and after […]
Gold Gains Momentum Amid Doubts Over 2025 Fed Rate Cut Pace
Gold prices surged over 25% in 2024, fuelled by central bank buying. Bloomberg Dollar Spot Index stable after recent 0.3% gain. Palladium and silver rise; platinum edges lower in thin trading. Gold prices have steadied at $2,620 an ounce, reflecting investor caution amidst mixed signals from the US Federal Reserve.After closing 0.4% lower earlier this […]
Crude Oil Volatility Settles Down Ahead Of API Stockpile Data
Oil prices trade in tight ranges as traders head into the Christmas holidays. Markets are not taking any stance despite some headlines about further stimulus in China, one of the top global consumers. The US Dollar Index trades just shy of a two-year high as volatility winds down. Crude Oil prices are starting to see […]
XRP Price Fresh Surge: Bulls Gear Up For Action
XRP price remained stable above the $2.10 zone. The price is moving higher and might aim for a fresh surge above the $2.30 resistance zone. XRP price is attempting a fresh increase above the $2.20 resistance zone. The price is now trading near $2.25 and the 100-hourly Simple Moving Average. There was a break above […]
Bitcoin Price On Thin Ice: Could A Major Drop Be Next?
Bitcoin price extended losses and traded below the $95,000 zone. BTC is showing bearish signs and might decline heavily below the $92,000 level. Bitcoin started a fresh decline below the $95,000 zone. The price is trading below $94,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance […]
Canadian Dollar Declines After Weak GDP Data
Image Source: Pexels At Monday’s close, the Dow Jones Index (US30) was up 0.16%. The S&P 500 Index (US500) added 0.73%. The Nasdaq Technology Index (US100) jumped by 1.01%. Stocks rose on Monday thanks to gains in technology and chip companies’ share prices, with Nvidia up 3% and TSMC, Broadcom, and AMD up nearly 5%, confirming […]
Canada’s GDP Stronger Than Expected In October But Contracts In November
Canada’s GDP a Mixed Bag Canada posted a good news-bad news GDP (Gross Domestic Product) report yesterday. The economy climbed 0.3% month-on-month in October, following a 0.2% gain (revised from 0.1%) in September and above the market estimate of 0.1%. The acceleration was driven by an increase in manufacturing output, services activity and oil and gas […]
Chinese Bonds Are Crashing, What It Means For The Economy
Image Source: Pixabay LT Chinese bond rates have been falling fast for a while. Over the last two weeks, ST yields have completely collapsed; most of it last week, too. Why? Maybe more important, why now? The mainstream answer to either one is total nonsense and easily debunked from the September bazooka. What does that leave? […]
Time To Buy This Stock Yielding 30%?
Image Source: Unsplash This can be a frustrating time of year for investors in the types of stocks I follow and recommend. With little to no news about smaller companies, share price movement can be very random, and a random down will make investors ask: “why?”The real news is scarce for stocks that aren’t in the […]
Quiet Trade Into Holidays
Image source: Pixabay Markets are quiet as we head into the holidays. We haven’t seen much movement and the headlines have been light. Over in Japan, FinMin Kato was out warning against speculative Yen movement, while in Australia, the RBA Minutes came out leaning a little more dovish. There is no first tier data on the […]
