Author Archive: Jeremy Parkinson
Ahead Of November CPI, TSM’s Revenue And Oracle’s AI Surge
Photo by Maxence Pira on Unsplash Equity futures point to a mixed market open later this morning, but odds are we’ll see a subdued trading session as investors wait for what’s revealed in tomorrow’s November Consumer Price Index (CPI) report. Headline CPI is expected to tick up to 2.7% YoY from October’s 2.6% print, while the consensus view […]
The GOP’s 2025 Budget Reconciliation Fight, Go Small Or Big Bang?
Image source: Pixabay Republicans have two shots at budget reconciliation bills in 2025. What should those bills include?The problem for Republicans is primarily the House, not the Senate.Republicans have a 220-215 edge but Gaetz resigned and two reps have been nominated by Trump for appointments.Until there are special elections for replacement (two in Florida and one […]
AUD/USD Plummets Below 0.6400 As RBA Bullock Delivers Less-Hawkish Guidance
Image Source: Unsplash AUD/USD falls sharply below 0.6400 as the RBA delivers a less-hawkish interest rate guidance. RBA Bullock was confident about easing upside risks to price pressures. Investors await the US inflation and the Australian employment data for November. The AUD/USD pair plunges below the key support of 0.6400 in Tuesday’s European session. The Aussie […]
Dovish Hold Sends The Aussie Lower
Image Source: Pixabay Overview: The US dollar is little changed against most of the G10 currencies today. The antipodean currencies are the main exception. A modest change in tone from the Reserve Bank of Australia, boosting the chances of a rate cut early next year sent the Australian dollar back toward yesterday’s lows, and the New Zealand […]
Oil Prices Slip As Syria Tensions Ease, But OPEC+ Cuts Keep Support In Place
Oil prices eased on Tuesday as concerns over escalating tensions in Syria subsided. China’s demand for oil may rise as government may adopt a lose monetary policy, which is a first in years. Investors will be focusing on the policy meeting of the US Fed next week as lower rates benefit oil demand. Crude oil […]
Bitcoin Sees First Close Above $100,000, But Is A Big Correction Coming?
Bitcoin (BTC) closed the week above the $100,000 mark for the first time in history, concluding the crypto’s massive week with another milestone. However, a market watcher has warned investors that historical patterns could soon lead the flagship crypto to a big correction. Bitcoin First Weekly Close Above $100,000Bitcoin hit the $100,000 milestone nearly a […]
Copper Forecast: Continues To Look Like A Value Trade
That is if you follow moving averages. Demand for copper is what I choose to follow and inflation, inflation looks like it’s ticking up. So, it’ll be interesting to see what that does with copper pricing. Also, you have to keep an eye on demand out of China because there is talk about more stimulus. […]
Market Snakes Follow Ladders
Canada’s Venture Composite Index (a basket of economically sensitive micro-cap companies, 44% weighted in materials, 30% information technology, 15.74% in energy, 3.5% health care, 2.48% financials, 1.85% industrials, .58% communication services, and .32% consumer discretionary) appears to concur with former BoC head Stephen Poloz’s recessionary assessment.When the real economy expands, rising demand for commodities and […]
Czech Headline Inflation Remains Unchanged
Image Source: Pexels Headline inflation remained elevated in November, but core inflation softened marginally. Worries about above-target inflation next year or the lukewarm economic recovery will drive the upcoming decision about a pause or another cut. Still, real interest rates are drifting lower while wage growth and spending remain robust. Food prices drive inflation, while alcohol and […]
Forex: China Stimulus – Another False Dawn Or The Real Deal?
Image source: Pixabay While I typically harbor skepticism toward China’s grand stimulus declarations, the price action in FX markets speaks volumes. The uplift in Asian FX might seem promising, especially the CNH, but I see these shifts as optimal moments to hedge against Trump’s looming tariff threats. All this stimulus chatter should get under President-elect Trump’s skin, who […]
