Author Archive: Jeremy Parkinson
ECB Cuts Rates By 25bp And Keeps Door Wide Open For More
Image Source: Pexels The European Central Bank decides to play it safe and cut rates by 25bp. Dropping the reference to ‘restrictive’ monetary policy suggests there are more rate cuts to come. The door is wide open for more cutsThe level of the ECB’s deposit rate now stands at 3%. And, clearly, less is more. No, this […]
EUR/JPY Dips Further Below 159.50 Post ECB’s Rate Cut
ECB’s rate cut to 3% aims to anchor inflation closer to the 2% target amid ongoing economic challenges. Updated ECB forecasts suggest a gradual decline in inflation, with HICP expected to reach 1.9% by 2026. Market attention now turns to ECB President Christine Lagarde’s upcoming press conference for further cues. The Euro weakens against the […]
Producer Price Inflation Comes In ‘Red Hot’ In November
Following yesterday’s reported re-ignition in consumer price inflation (despite people seemingly being exuberant that it was ‘as expected’ – we don’t remember The Fed’s mandate being stable prices in line with consensus expectations?), this morning’s producer prices were expected to accelerate further also to +2.6% YoY from +2.4% YoY.But it didn’t…Headline PPI surged 0.4% MoM […]
Australia’s big super fund allocates $27 million to Bitcoin: report
Key Takeaways AMP allocated $27 million to Bitcoin, marking Australia’s first super fund investment in the digital asset. The Bitcoin investment aims to enhance returns and manage risk as part of AMP’s diversification strategy. Share this article AMP has become Australia’s first superannuation fund to invest in Bitcoin. The company confirmed Thursday it had allocated […]
Elliott Wave Technical Analysis – Analog Devices Inc.
ADI Elliott Wave Analysis Trading LoungeAnalog Devices Inc., (ADI) Daily ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {ii} of 1.DIRECTION: Upside into wave {iii}.DETAILS: Looking for a bottom in wave {ii} to then continue higher as we are currently trading within the range of Minor Group1 at 210-230$.Analog Devices Inc., (ADI) 1H ChartADI Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: […]
China’s Banking System Is Melting Down All At Once
Image Source: Pexels Here comes Chinese central bank bond buying, but this is no QE. A report surfaced in China Daily strongly implying the Chinese government is beyond just exploring something called money-financed fiscal expansion. We’ll go over what that is, how it is different from QE, and what the real takeaway is.Video Length: 00:19:48More By […]
NZD/USD Price Forecast: Reversal Setup On Chart But Will Unlikely Set Off
NZD/USD surrenders daily gains as the US Dollar rebounds despite dovish Fed bets. The Kiwi pair exhibits a Bullish Divergence formation but will less likely get triggered. The RBNZ has reduced its interest rates by 125 bps to 4.25% this year. The NZD/USD pair gives up its intraday gains and returns below the round-level figure […]
Ciena Corporation Fails To Meet Expectations In Fiscal Q4 Results
Image Source: Unsplash Ciena Corporation (NYSE: CIEN) recently released its unaudited financial results for the fiscal fourth quarter ending November 2, 2024. The company reported a revenue of $1.12 billion, which shows a slight decrease from the $1.13 billion recorded in the same period the previous year.Despite this minor drop, Ciena’s president and CEO, Gary Smith, emphasized the […]
Multiple Data Points To Go Before A Santa Claus Rally
Photo by Jesson Mata on Unsplash Equity futures point to the stock market giving back some of its post-November Consumer Price Index (CPI) report pop this morning. Whether those futures turn around may hinge on the data found in this morning’s November Producer Price Index (PPI) report, which is expected to show core PPI for the month tick […]
Bitcoin Price Reclaims $100K: Is The Bull Run Back On?
Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone. Bitcoin started a fresh increase above the $97,500 zone. The price is trading above $98,800 and the 100 hourly Simple moving average. There was a break above a key bearish trend line with […]
