Author Archive: Jeremy Parkinson
BTC/USD Forex Signal: Eyes $106K Amid Recovery
Bullish view Buy the BTC/USD pair and set a take-profit at 106,000. Add a stop-loss at 97,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 99,000 and a take-profit at 95,000. Add a stop-loss at 104,000. The BTC/USD pair staged a strong recovery after consolidating in the past few days. It rose to 100,500, a big […]
EUR/USD Under Pressure US Inflation, France, And ECB Rate
Image Source: Pixabay The EUR/USD pair declined to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data. The November US Consumer Price Index (CPI) showed a rise of 0.3% month-over-month, aligning with forecasts but indicating a slight acceleration from the previous 0.2% increase. This recent uptick has adjusted market expectations significantly, reducing […]
The Bank Of Canada Cut The Rate Again By 0.5%
Image Source: Pexels At the end of Wednesday, the Dow Jones Index (US30) fell by 0.22%. The S&P 500 Index (US500) is up 0.82%. The Nasdaq Technology Index (US100) jumped 1.85% to an all-time high. The US stocks extended early gains, reversing earlier session declines this week as inflation data offered no surprises and bolstered bets […]
CPI Was On The Screws: The Fed Has The Green Light
Yesterday’s CPI report was seemingly the last hurdle for the Fed to cut interest rates. With the CPI index matching Wall Street forecasts, the Fed Funds futures market now implies a 97% chance the Fed will cut rates next Wednesday. The data was OK but elicits fears that the downward price progress has stalled.The CPI […]
What Should We Expect? What Should We Do?
Image source: Pixabay With the election behind us, both sides are marking their territory. Last week Chuck Butler and I began discussing what to expect. I’m a believer that those who accept change/trouble as a normal part of life, while doing their best to survive when things happen, end up both happy and prosperous. Let’s avoid […]
Daily Market Outlook – Thursday, Dec. 12
Image Source: Unsplash Asian markets climbed on Thursday, spurred by a tech-driven rally on Wall Street, as an expected U.S. consumer inflation report strengthened predictions of a Federal Reserve interest rate cut next week. Japan’s Nikkei index surpassed 40,000 for the first time since mid-October, supported by gains in the chip sector. The yen’s decline also […]
Elliott Wave Technical Analysis: British Pound/Australian Dollar – Thursday, Dec. 12
GBPAUD Elliott Wave Analysis – Trading LoungeBritish Pound/Australian Dollar (GBPAUD) Day ChartGBPAUD Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Orange Wave 2 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 3 Details: The analysis indicates that orange wave 1 appears completed, with orange wave 2 currently in progress.Wave Cancel Invalidation Level: 1.92313Analysis Overview:The GBPAUD daily chart highlights […]
Uber Stock Rises As GM Cancels Robotaxi Plans
Image Source: Pixabay General Motors (NYSE: GM) has decided to end its financial support for Cruise’s robotaxi initiative, which has significant implications for the autonomous vehicle industry. GM acquired Cruise, a self-driving car startup, in 2016 with plans to revolutionize urban transportation.However, the company recently announced that it would cease funding for Cruise’s driverless taxi service, redirecting its […]
Visualizing CO2 Emissions And Global Economic Growth
The Global Carbon Project issued its Global Carbon Budget for 2024 on 13 November 2024. The report provides a wealth of data on the sources of carbon emissions, but very little of that data links those emissions to economic activities. One exception to that rule however is the following chart, which presents total emissions of CO₂ with the […]
Two Trades To Watch: EUR/USD, GBP/USD Forecast – Thursday, Dec. 12
Image Source: Unsplash EUR/USD looks to the ECB rate decision ECB is likely to cut rates by 25 bps The focus will be on rhetoric and staff projections US PPI & jobless claims are due EUR/USD trades between 1.05 – 1.06 EUR/USD steadies above 1.05 after 4-days of losses, amid USD weakness and ahead of the […]
