Author Archive: Jeremy Parkinson
Oil Prices Rise As OPEC Cuts Demand Forecasts; Will The Gains Last?
Image Source: Unsplash Oil prices have risen sharply this week despite OPEC scaling down its outlook for growth in global oil demand. Commerzbank said that the rise in China’s oil imports in November does not signal a revival in demand. OPEC cut its forecasts for global oil demand growth in 2024 and 2025 for the […]
AUD/USD Forex Signal: Bullish Bounce Off $0.6345
My previous signal on 10th December produced both a profitable short trade from the bearish rejection of the resistance level at $0.6400 and a profitable long trade from the bullish bounce at $0.6345. Today’s AUD/USD Signals Risk 0.75% Trades must be taken before 5pm Tokyo time Friday. Short Trade Ideas Short entry following a bearish price action […]
ECB Decision Preview – Thursday, Dec. 12
Image Source: Pexels Later today, we get the highly anticipated European Central Bank policy decision. The central bank is widely expected to cut rates for the fourth time this year. The consensus has been calling for a 25-basis point rate cut, though there have been some calls for a more aggressive 50-basis point rate reduction.Video Length: […]
EUR/USD Rises As ECB Interest-Rate Decision Looms
EUR/USD moves higher around 1.0520 with investors focusing on the ECB’s monetary policy decision at 13:15 GMT. The ECB is almost certain to cut its Deposit Facility rate by 25 bps to 3%. No surprise in the US CPI data cemented Fed rate cut bets for next week’s meeting. EUR/USD gains sharply around 1.0520 in […]
Elliott Wave Technical Analysis: DAX Index
DAX (Germany) Elliott Wave Analysis – Trading Lounge Day ChartDAX (Germany) Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Gray Wave 3 Position: Orange Wave 3 Direction Next Lower Degrees: Gray Wave 4 Details: The analysis indicates that gray wave 2 is likely completed, with gray wave 3 now in progress.Wave Cancel Invalidation Level: 18,807.92Analysis Overview:The DAX Germany daily chart demonstrates […]
Metal Markets Report For Wednesday, Dec 11
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:11:30More By This Author:SPDR ETF Report For Wednesday, Dec 11Financial Markets Report For Wednesday, Dec 11SPDR ETF Report For Tuesday, Dec 10
Is The Delta Air Lines Stock A Buy Near Its All-Time High?
Image Source: Unsplash Delta Air Lines share price has risen to a record high this year. The company’s business is doing well, helped by the premium economy. It is also benefiting from resilient customer demand in the US. Delta Air Lines (DAL) stock price has done well this year, and is hovering near its all-time […]
XAG/USD Bulls Retain Control Above $32.00, Over One-Month High
Image Source: Pixabay Silver attracts some buyers on Thursday and remains closer to over a one-month top. The technical setup favors bullish traders and supports prospects for additional gains. Any corrective pullback could be seen as a buying opportunity and remain limited. Silver (XAG/USD) trades with a positive bias above the $32.00 mark during the Asian session […]
Elliott Wave View: Apple Continue Rally In Bullish Sequence
Image Source: UnsplashShort Term Elliott Wave view in APPLE (AAPL) suggests that rally from 8.05.2024 low is incomplete & should continue upside as the part of daily bullish sequence. It is showing 3 swing higher since August-2024 low & expect more upside against 11.04.2024 low. It ended (1) at $237.49 high as diagonal & (2) correction at $219.71 […]
Oil Market Set To Be In Surplus Despite OPEC+ Action
Photo by Timothy Newman on Unsplash 2025 oil surplus Oil prices have come under a fair amount of pressure this year, with the market worried about demand and the surplus outlook for 2025. Even after a handful of OPEC+ members decided to further delay the return of 2.2m b/d of additional voluntary cuts, our balance is still showing […]
