Author Archive: Jeremy Parkinson
When Politicians Are Away, Investors Come Out To Make Hay
Image Source: Pixabay Since the US presidential elections were won by Donald Trump on November 5, 2024, normal politics there entered an interregnum or lame duck period leading to a surge of investors into a range of things. In Germany, following the collapse of the German government, the German Dax 40 stock market index went up 7% in the past month. Since […]
S&P 500 Weekly Action Areas & Price Objectives – Monday, Dec. 9
Image Source: Unsplash In this update, we review the recent price action in the emini SP500 futures contract and identify high-probability action areas and price objectives for the trading week ahead.Video Length: 00:07:30More By This Author:Daily Market Outlook – Monday, Dec. 9 FTSE Fails Again AT 8400 Resistance Daily Market Outlook – Friday, Dec. 6
Sensex Today Ends 200 Points Lower; Nifty Below 24,620
After opening the day marginally lower, the Indian benchmark remained in the negative territory as the session progressed and ended the day lower.Benchmark equity indices, BSE Sensex and NSE Nifty50, ended the week’s first trading session on a lower note on Monday. 30 out of the 50 constituent stocks of Nifty50 ended in the red, […]
USD/CAD Forecast: Loonie Tumbles After Canada Jobs Data USD/CAD technical forecast: Bulls stall near 1.4150
The USD/CAD forecast shows bulls at the front as the Canadian dollar stays weak after downbeat domestic employment figures. Meanwhile, the dollar firmed against the loonie ahead of crucial US inflation figures.The Canadian dollar ended last week down after employment figures solidified bets for a massive Bank of Canada rate cut. Notably, Canada’s economy added […]
The Energy Report: Assad Falls
Photo by Timothy Newman on Unsplash Oil prices are on the rise as the Assad regime in Syria falls raising questions about the geopolitical risk factors going forward. The potential for a power vacuum could lead to some unintended consequences. At the same time, the Islamist leader who is claiming to run the country suggests that he is […]
Nvidia Shares Slip As China Opens Antitrust Probe Over Mellanox Acquisition
Nvidia’s (NVDA) stock saw a more than 2% drop in pre-market trading on Monday, following a 1.8% decline last Friday, as China’s State Administration for Market Regulation (SAMR) opened an antitrust investigation against the US chipmaking giant.The probe relates to Nvidia’s $7 billion acquisition of Mellanox Technologies, finalized four years ago.SAMR alleges Nvidia may have […]
The Energy Report: Assad Falls – Monday, December 9
Oil prices are on the rise as the Assad regime in Syria falls raising questions about the geopolitical risk factors going forward. The potential for a power vacuum could lead to some unintended consequences. At the same time the Islamist leader that is claiming to run the country suggests that he is not the same […]
Gold Rebounds On China Stimulus Hopes Ahead Of Busy Weeks
Image Source: Unsplash Gold and silver rose in the first half of Monday’s session. A shift in China’s monetary stance provided a welcome boost for Chinese stocks overnight and this helped to provide a positive backdrop for all China-related assets, from miners to key commodity prices. Meanwhile, geopolitical upheaval from the Middle East to South Korea […]
USD/CHF Price Forecast: Recovers From Lows, Bulls Target 0.8800
USD/CHF bounces off, marking a 0.12% rise as market sentiment weighs on safe-haven currencies. Technical analysis suggests a potential for further gains if the pair surpasses the 0.8800 resistance level. Downside risk remains if USD/CHF dips below 0.8750, with subsequent support targets at 0.8726 and 0.8700. The US Dollar pares some of its earlier losses […]
Elevated Investor Sentiment And Volatility/Options Dynamics Probably Favor Contrarians
In a seasonally favorable period, new highs keep coming for the major US equity indices. This has pushed several sentiment indicators into gross overbought territory.The S&P 500 last Friday enjoyed its 56th all-time high for the year. With three weeks of trading left, 2024 is up 27.7 percent. This comes after a 24.2-percent jump last year. […]
