Author Archive: Jeremy Parkinson
Daily Market Outlook – Tuesday, Dec. 10
Image Source: Unsplash China’s stock markets have opted to embrace the authorities’ recent ambiguous commitment to support the struggling economy, resulting in a surge in stocks to their highest point in almost a month. A statement from China’s Politburo on Monday indicated a transition from “prudent” to “moderately loose” monetary policy, along with an intention to […]
How Far Could The S&P 500 Go?
Image Source: Unsplash Watch the video from the WLGC session on 9 Dec 2024 to find out the following: Price volume analysis on the S&P 500, Nasdaq 100, Dow Jones & Russell 2000 Gold & silver futures Bitcoin Crude oil futures Dollar index Video Length: 00:15:52 Market Environment The bullish vs. bearish setup is 527 to 121 from the screenshot […]
Japanese Yen Weakens As USD/JPY Climbs Amid BoJ Rate Hike Uncertainty
Image Source: Pixabay The market remains split on whether the BoJ will implement a rate increase in December or delay it until January.Recent statements from BoJ Governor Kazuo Ueda highlighted that a rate hike is imminent, based on stable economic indicators aligning with expectations. Contrarily, BoJ policymaker Toyoaki Nakamura expressed concerns over the sustainability of wage […]
Surge In Mortgage Rates Spikes Unaffordability For New Homes
New home buyers didn’t catch any breaks during October 2024 as the new home affordability crisis extended into its 31st month.Both the median price of new homes sold and mortgage rates rose during the month. This combination of factors packed a one-two punch against affordability and reversed what had been a trend toward greater affordability […]
USD/CAD Refreshes Four-Year High Near 1.4200 With US Inflation, BoC Policy In Focus
Image source: Pixabay USD/CAD rises to a fresh four-year high near 1.4200 ahead of BoC monetary policy announcement and the US inflation. US core CPI is estimated to have grown steadily by 3.3% in November. Investors expect the BoC to cut interest rates by 50 bps on Wednesday. The USD/CAD pair posts a fresh four-year high near […]
Portfolio Rebalancing And Valuations – Two Risks We Are Watching
While analysts are currently very optimistic about the market, the combined risk of high valuations and the need to rebalance portfolios in the short term may pose an unanticipated threat. This is particularly the case given the current high degree of speculation and leverage in the market. It is fascinating how quickly people forget the painful beating of […]
The RBA Kept The Rate At 4.35%
Image Source: Pexels At Monday’s close, the Dow Jones Index (US30) was down 0.54%. The S&P 500 Index (US500) fell by 0.61%. The Nasdaq Technology Index (US100) lost 0.84%. Stocks in the US started the week lower as Nvidia shares fell amid an antitrust investigation in China, and investors were cautious ahead of a crucial inflation […]
Two Trades To Watch: DAX, FTSE Forecast – Tuesday, Dec. 10
Image Source: Unsplash DAX falls as inflation rises & SAP drops German inflation rises to 2.2% YoY in November SAP falls on read-across from Oracle’s weakness DAX hovers around its all-time high The DAX, along with its European peers, is heading lower following weaker-than-forecast Chinese import and export data and as investors weigh up German inflation […]
BTC/USD Forex Signal: Rising Wedge, Bearish Divergence Forms
Bearish View Sell the BTC/USD pair and set a take-profit at 92,000. Add a stop-loss at 104,000. Timeline: 1-2 days. Bullish View Buy the BTC/USD pair and set a take-profit at 104,000. Add a stop-loss at 93,000. The BTC/USD pair retreated below 98,000 in the overnight session as the recent Bitcoin rally lost momentum. Bitcoin […]
RBA Holds But More Dovish Than Expected
Image Source: Pixabay We’re seeing a lot of consolidation in markets ahead of some key economic data and central bank policy risk later this week. This includes tomorrow’s Bank of Canada decision and US inflation data, and an ECB decision on Thursday.Video Length: 00:00:42More By This Author:US Dollar Bid Returns After Solid Economic Data All Eyes […]
