Author Archive: Jeremy Parkinson
Sensex Today Ends Flat; Nifty Below 24,650
After opening the day marginally lower, the Indian benchmark remained volatile as the session progressed and ended the day flat.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended Tuesday’s choppy session on a flat note.At the closing bell, the BSE Sensex stood flat, up 1.5 points at the 81,510 level.Meanwhile, the NSE Nifty closed marginally lower by 9 points.Wipro, […]
EUR/USD Tumbles Below 1.0550 On Upbeat US Business Confidence
The Euro fell from 1.0600 on Monday and tumbled over 80 pips against the Greenback on Tuesday after Germany revealed that inflation remains steady. Meanwhile, the NFIB Business Optimism Index in the US surged to its highest level since June 2021. The EUR/USD trades at 1.0519. EUR/USD drops amidst high US business confidence, anticipation of ECB […]
China Flipped After 14 Years – Here’s How It Will Impact The World
Image Source: Pixabay China’s top government body, the politburo, attempted to reignite the “stimulus” sentiment with another wordy communication chock full of more promises and platitudes. To begin with, this doesn’t bode very well for the “bazooka.” Global market reaction wasn’t what Beijing was looking for, either. Even stocks and Economists.Video Length: 00:18:36More By This Author:700,000 […]
What Are Material Stocks Telling Us?
Material stocks have been one of the worst-performing sectors this year, lagging the S&P 500 by nearly 20%. Since the election, its relative performance versus the market has continued to worsen. Therefore, given the historical correlation between the economy and the materials sector, we must assess what the sector’s underlying stocks are trying to tell […]
Fearing The CPI
S&P 500 tried opening on a strong note, but just as Friday it fell through my high 6,080s support. Is this a cancellation of Santa Claus rally? I don‘t think so, I take it as cautious positioning for upcoming inflation data as is apparent from the put-to-call ratio chart presented at the end of this […]
Gold Analysis: Stable Bullish Prices
With a gain of $50 an ounce of gold, prices moved at the beginning of this week’s trading with strong momentum from the increasing geopolitical tensions in the Middle East. Yesterday, the gold price index jumped to the resistance level of $2,676 per ounce before stabilizing around $2,658 per ounce at the beginning of trading […]
Stocks: The Correction Has Arrived – What Lies Ahead?
Was yesterday’s pullback a sign of a downward reversal, or merely a correction within the uptrend?Stock prices pulled back on Monday, with the S&P 500 index closing 0.61% lower following profit-taking after Friday’s employment data. The market retraced some of its recent gains, closing the daily gap from last Wednesday. This morning, the S&P 500 […]
Canadian Dollar Hits Lowest Level Since April 2020
Image Source: Unsplash The Dollar is running it back on this Tuesday. The Buck is getting a bit more of a boost into the North American open after NFIB small business optimism spiked in November, coming in well above expectation.Video Length: 00:01:16More By This Author:RBA Holds But More Dovish Than Expected US Dollar Bid Returns After […]
EUR/USD Forex Signal: Inverse Head And Shoulders Pattern Forms
Bullish View Buy the EUR/USD pair and set a take-profit at 1.0670. Add a stop-loss at 1.0500. Timeline: 1-2 days. Bearish View Set a sell-stop at 1.0560 and a take-profit at 1.0500. Add a stop-loss at 1.0670. The EUR/USD exchange rate remained in a tight range ahead of the upcoming European Central Bank (ECB) decision […]
Elliott Wave Technical Analysis – Fortinet Inc. – Tuesday, Dec. 10
FTNT Elliott Wave Analysis Trading LoungeFortinet Inc., (FTNT) Daily ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (3).DIRECTION: Upside within wave 5 of (5).DETAILS: We are looking for a bottom in wave 4 as we have approached TradingLevel1 a 100$.Fortinet Inc., (FTNT) 1H ChartFTNT Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {c} of 4.DIRECTION: Bottom in wave {c}.DETAILS: Looking for […]
