Author Archive: Jeremy Parkinson
FX Daily: What Today’s BoC Decision May Mean For The Fed And The Dollar
Image Source: Unsplash The dollar has come back bid this week. Any upside surprise to today’s US November core CPI number would trigger another leg higher in the dollar – as would only a 25bp rate cut from the Bank of Canada. This is because a 50bp rate cut is widely expected from the BoC and a […]
MicroStrategy And Its Convertible Debt Scheme
MicroStrategy (MSTR) stock is soaring alongside Bitcoin. In the wake of extreme confidence, we fear many MicroStrategy investors fail to grasp the inherent risks with its unique convertible bond funding and leverage scheme. A recent podcast featuring Tom Lee presented some positive facts about MicroStrategy’s recent convertible bond offering but failed to tell the whole […]
EUR/USD Slides On ECB Dovish Bets, Firm US Dollar Ahead Of US Inflation
EUR/USD tests region below 1.0500 as the Euro (EUR) weakens, weighed by expectations of further ECB interest-rate cuts. The ECB is expected to cut its Deposit Facility rate by 25 bps on Thursday for the third meeting in a row. Investors await the US inflation data for fresh interest-rate guidance. EUR/USD extends its downside around […]
BTC/USD Forex Signal: Bitcoin Rally Hits A Barrier
Bearish View Sell the BTC/USD pair and set a take-profit at 93,500. Add a stop-loss at 96,500. Timeline: 1-2 days. Bullish View Set a buy-stop at 96,000 and a take-profit at 98,000. Add a stop-loss at 93,500. The BTC/USD pair remained under pressure as the recent surge in the cryptocurrency market waned. Bitcoin dropped below […]
Sensex Today Trades Flat; PNC Infratech Rallies 10%
Asian shares inched higher as traders await key US inflation data for clues on whether the Federal Reserve will cut or hold interest rates next week. The dollar snapped a three-day gain.South Korean equities rose for a second session, continuing a recovery after last week’s short-lived martial law event that thrust the country into political […]
US CPI And Bank Of Canada Decision
Image Source: Unsplash The ongoing political struggles in Germany and France, along with expectations for an ECB rate cut and more dovish leaning communication at tomorrow’s meeting have kept the Euro well capped into rallies.Video Length: 00:01:12More By This Author:Canadian Dollar Hits Lowest Level Since April 2020 RBA Holds But More Dovish Than Expected US Dollar […]
Forex Today: Uptick In US Inflation Expected Today
Image source: Pixabay Markets will be closely watching the release of US CPI (unemployment) data today. The USA will see the release of highly important inflation data today which will show the month-on-month and annualized CPI metrics. Annualized inflation is expected to show a small uptick from 2.6% to 2.7%. The Fed has made clear it […]
Elliott Wave Technical Analysis – Binance Crypto Price News
Elliott Wave Analysis TradingLoungeBinance/ U.S. dollar(BNBUSD)BNBUSD Elliott Wave Technical AnalysisFunction: Counter TrendMode: CorrectiveStructure: Flatposition: Wave ADirection Next higher Degrees: wave (2)Wave Cancel invalid level:Details: Retracement of wave A before Pull-back in wave B.Binance/ U.S. dollar(BNBUSD)Trading Strategy:Wave (1) appears to have ended and price is now entering a correction phase in wave (2), so wait for the correction to […]
WTI Continues To Rise Toward $69.00 Due To Improved Demand Outlook In China
Image Source: Pixabay WTI price appreciates as China announced plans to adopt proactive fiscal stimulus measures next year. API Weekly Crude Oil Stock rose by 0.499 million barrels against an expected decrease of 1.30 million barrels. Traders are anticipating the upcoming OPEC Monthly Oil Market Report to evaluate crude Oil market trends for the year ahead. […]
Pound Sterling Trades Lackluster Against US Dollar As US Inflation Data Looms
Photo by Colin Watts on Unsplash The Pound Sterling oscillates in a tight range near 1.2750 against the US Dollar ahead of the US inflation data for November. Economists expect the Fed to cut interest rates by 25 bps after the policy meeting on December 18. Investors await the UK monthly GDP data to get cues about the […]
