Author Archive: Jeremy Parkinson
Bean Mania: Arabica Coffee Hits New High, Cocoa Jumps To 7-Month High
Photo by Alexandre Brondino on UnsplashCash-strapped US consumers should be deeply concerned about rising food inflation. It’s ‘stickier’ than ever as coffee and cocoa prices surge.Arabica coffee futures in New York hit a record high on Tuesday, driven by ongoing fears of a global supply crunch. Prices surged nearly 5% during the session, reaching their highest level in data dating […]
Fed Rate Cut Odds In December Are 85.8 Percent Despite CPI Estimates
Image source: PixabayRate cut odds have been rising despite relatively strong CPI data. The Fed meets on December 18.According to CME Fedwatch, there is an 85.8 percent chance of a quarter-point cut at the December 18 Fed meeting.However, there does not seem to much of a reason to cut rates and even less of one if one […]
Elliott Wave View: Dow Futures Looking For Further Upside
Image Source: UnsplashShort Term Elliott Wave in Dow Futures (YM) suggests rally from 11.5.2024 low is in progress as a 5 waves diagonal. Up from 11.5.2024 low, wave ((i)) ended at 44625. Pullback in wave ((ii)) ended at 42999. The Index has resumed the rally higher in wave ((iii)). Up from wave ((ii)), wave (i) ended at […]
Gold Price Extends Corrective Slide From Over Two-Week Top; Focus Remains On US CPI Report
Image Source: Pixabay Gold price retreats from over a two-week top as bulls turn cautious ahead of the US CPI report. Bets for a less dovish Fed, rising US bond yields underpin the USD and weigh on the commodity. Geopolitical risks, trade war fears and rate-cut bets should help limit losses for the XAU/USD. Gold price […]
SEC’s Caroline Crenshaw faces intense opposition ahead of Senate vote
Key Takeaways Caroline Crenshaw is criticized for her stance against crypto and spot Bitcoin ETFs. The SEC faces leadership changes amid internal disagreements on crypto regulation. Share this article The Senate Banking, Housing and Urban Affairs Committee is set to decide on the reappointment of Caroline Crenshaw as SEC commissioner tomorrow. Crenshaw’s renomination, however, faces […]
SPDR ETF Report For Tuesday, Dec 10
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in various SPDR-ETF markets for the trading day that ended, Tuesday, December 10.Video Length: 00:18:15More By This Author:Financial Markets Report For Tuesday, Dec 10Metal Markets Report For Monday, Dec 9Financial Markets Report For Monday, Dec 9
Google Unveils Quantum Chip Willow: A Closer Look
Image Source: PixabayAlphabet (GOOGL – Free Report) has found itself in the headlines following the announcement of Willow, its new quantum computing chip that boasts state-of-the-art performance across key metrics and enables major achievements in the field. Willow Addresses Key Quantum Limitations Firstly, Willow has the capability to reduce errors exponentially as it scales qubits higher, defeating […]
Market Indexes Close In The Red Ahead Of CPI Data
Image Source: UnsplashMarket indexes spent most of the day riding flat trading levels after a mixed pre-market brought the positive Nasdaq and S&P 500 down and the Dow and small-cap Russell 2000 up by late morning. By an hour and a half before the closing bell, all major indexes were negative or heading there.By the closing […]
Nike Dividend Increase
Image Source: PixabayOn 15 November, Nike (NKE) increased its quarterly dividend by 8.11%, from 37¢ to 40¢ per share.The dividend will be paid on 2 January 2025 to shareholders of record on 2 December 2024. The ex-dividend date is 2 December 2024.NKE’s contribution to DivGro’s projected annual dividend income will increase by $39.60 to $528.I own 330 shares of […]
