Author Archive: Jeremy Parkinson
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 […]
Roblox Breakout
Image Source: UnsplashThe ostensibly scandal-plagued RBLX continues to thrive. The only meaningful resistance at this point is the price gap I’ve highlighted with the red dashed horizontal line. More By This Author:Sizzling SilverCalamitous RatioETF Review – Sunday, Dec. 8
Exxon Plans Large Nat Gas Plants To Supply Electricity To Data Centers
Image Source: UnsplashIt isn’t just nuclear projects getting in on the “selling power to data centers” trend – now oil supermajor Exxon (XOM) is joining the trend. In fact, Exxon is planning a large natural gas-powered plant to supply electricity directly to data centers, incorporating technology to capture over 90% of its carbon emissions, according to the New York […]
EUR/USD Trudges Lower Ahead Of ECB Rate Call
Image Source: Pixabay EUR/USD clattered into the 1.0500 handle on Wednesday. Despite a tepid uptick in US CPI inflation, the Greenback is trading steady. Euro markets are pulling back slightly ahead of the ECB’s latest rate cut. EUR/USD fell for a fourth straight day on Wednesday, shedding one quarter of one percent and easing into the […]
The Most Popular ETFs Of 2024
Image Source: Pixabay 2024 has been an exceptional year for the exchange-traded fund (ETF) industry, with numerous major milestones and records. Year-to-date flows into US-listed ETFs surpassed $1 trillion last week, according to Bloomberg data. The previous annual record was $903 billion, set in 2021.ETFs have solidified their position as the investment vehicle of choice for […]
Rates Spark: A Fourth ECB Cut Incoming
While we don’t entirely exclude 50bp, the European Central Bank is likely to decide on another 25bp cut. If the communication turns more dovish, then markets may going forward be even keener to price in a lower landing zone on the back of weaker economic data. After a 0.3% MoM US core CPI reading, rates will be […]
Stocks, Rates, Dollar, And Volatility All Rise
CPI numbers today largely came in line. But when you took a deeper look at them and rounded them out, you realize they were in line but on the hotter side of inline, meaning the year-over-year number came in at 2.7 but missed a 2.8 print by a hundredth of a percent. The number came […]
Nasdaq Surge As Russell 2000 Stumbles
There was only one winner today and it was the Nasdaq. Last week’s push past resistance has an established breakout gap (today’s gain looks to have put to bed any chance of this gap closing, thereby marking it as a “breakout gap”), that in itself, may also be a measuring gap. If we also have […]
Nasdaq Rallies But What About Market Broadening?
While the Nasdaq 100 made new all-time highs today climbing over 20,000, all the Mag 7 talking heads cheered! And as they should. After all, it’s been all about growth stocks for years and every dip has been a buy. Our quant models are happy. Momentum trading has paid off for our clients in an almost surreal way. However, […]
Riot Platforms completes $525M offering to buy Bitcoin
Key Takeaways Riot Platforms raised $525 million to fund Bitcoin purchases and operations. Riot currently holds 12,000 Bitcoin, valued at approximately $1.2 billion. Share this article Riot Platforms, a leading Bitcoin mining company, has completed its $525 million senior note offering, according to a filing with the SEC. The private offering, initially announced earlier this […]
