Author Archive: Jeremy Parkinson
Gold Trading Strategy, XAUUSD Analysis & Forecast – Thursday, Dec 12
Image Source: DepositPhotosToday you will see GOLD price prediction based on the technical analysis. What is the support and resistance on the daily time frame for XAUUSD? What to expect where the price will breakout for the XAUUSD based on the supply and demand zones.Video Length: 00:04:07More By This Author:Gold Trading Strategy Today – Wednesday, Dec. […]
GBP/USD Rebounds From 1.2750 As US Dollar Declines Due To Rising Odds Of A Fed Rate Cut
Photo by Colin Watts on Unsplash GBP/USD appreciates as the US Dollar corrects downwards due to the increased likelihood of a Fed rate cut in December. Traders await Thursday’s US Producer Price Index data for November to gain fresh impetus. UK RICS Housing Price Balance rose 25% in November, up from a 16% increase in October. GBP/USD recovers […]
WTI Edges Higher To Near $70.00 On China Stimulus, New EU Sanctions Against Russia
Image Source: Pixabay WTI extends its upside to $69.95 in Thursday’s early European session. A possible tightening of US sanctions on Russian oil and further China stimulus measures lift the WTI price. OPEC cuts demand growth outlook for 2024-2025 for five months in a row. West Texas Intermediate (WTI), the US crude oil benchmark, is trading around […]
Nasdaq Up Big, Dow Down A Bit, Following CPI, Budget Data
Image Source: PexelsMarkets posted mixed results this Hump Day, with the blue-chip Dow unable to hold onto its gains at the open. It was the only index in the top 4 to spend any time in the red today. The Nasdaq performed great: +347 points, +1.77%, while the S&P 500 and small-cap Russell 2000 split the […]
a16z crypto policy lead Brian Quintenz emerges as leading candidate for CFTC chair under Trump administration
Key Takeaways Brian Quintenz, linked with a16z crypto, is a leading contender for the CFTC chair position under Trump’s new administration. With Paul Atkins nominated to lead the SEC, it is anticipated that Trump’s transition team will soon announce their pick for the CFTC chair. Share this article President-elect Donald Trump’s transition team has wrapped […]
Vancouver approves motion to explore Bitcoin as a reserve asset
Key Takeaways The Vancouver City Council has approved a motion to make the city “Bitcoin-friendly.” Mayor Sim advocates for the adoption of Bitcoin as a means to protect the city’s purchasing power from inflationary pressures. Share this article Vancouver City Council has greenlit a proposal to explore the incorporation of Bitcoin into municipal financial operations, […]
This Perfect Pullback Could Be Easy Money On Thursday
Image Source: Unsplash Woah, what a move today! Everyone’s waiting to buy a pullback after that big move higher today…But picking the “perfect” pullback isn’t always easy…Not to worry – this “perfect pullback” technique will give you an easy roadmap finding the perfect entry tomorrow morning!The SIZE of today’s move higher is a big clue…Combine that […]
Stocks And Precious Metals Charts – The Relentless Enemy Of Understanding
Image Source: UnsplashThe Consumer Price Index (CPI), a common measure of inflation, came in as forecast this morning.And so stocks rallied, morphing into what was clearly a relentless short squeeze, particularly in the heart of bubbledom.The Dollar rose another 25 cents or so, managing to firmly plant its flag in 106 territory.A lot of this is […]
Financial Markets Report For Wednesday, Dec 11
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, December 11.Video Length: 00:13:46More By This Author:SPDR ETF Report For Tuesday, Dec 10Financial Markets Report For Tuesday, Dec 10Metal Markets Report For Monday, Dec 9
Australian Dollar Remains Stronger After The Release Of Employment Data
Image Source: Unsplash The Australian Dollar appreciates following the domestic mixed labor market. Australia’s Employment Change rose by 35,600 in November, exceeding the previous 12,100 and the expected 25,000 readings. Trades still expect the Fed to proceed with a quarter-point rate cut in December following the latest US CPI report. The Australian Dollar (AUD) halts its […]
