Author Archive: Jeremy Parkinson
EUR/USD Analysis: Price Awaits ECB Decisions Under Selling Pressure
At the beginning of another significant trading week, the EUR/USD currency pair is stabilizing on the downside around 1.0566 after failing to break above the 1.0630 resistance level last Friday. Obviously, this follows the release of stronger-than-expected US jobs data. The EUR/USD pair may remain in a narrow range with a bearish bias until the […]
MicroStrategy buys another 21,550 Bitcoin for $2.1 billion, boosting holdings to $42B
Key Takeaways MicroStrategy acquired 21,550 Bitcoin for $2.1 billion, raising its total holdings to 423,650 BTC. The company has raised capital through share sales to fund its ongoing Bitcoin purchases. Share this article MicroStrategy, the world’s largest corporate Bitcoin holder, said Monday it had added 21,550 BTC worth around $2.1 billion to its portfolio. The […]
El Salvador to narrow Bitcoin laws to secure $1.3B loan from IMF—report
Key Takeaways El Salvador is negotiating a $1.3 billion loan from the IMF requiring changes to its Bitcoin legal tender law. The country plans to make accepting Bitcoin voluntary for businesses to comply with the IMF conditions. Share this article El Salvador plans to make some changes to its approach to Bitcoin in order to […]
Rose Resumes Its Rally As Anticipated
Cryptocurrency ROSE with ticker ROSEUSD is moving nicely as expected based on technical analysis and Elliott wave theory.On September 11 we have spotted nice and clean bullish setup formation after it unfoleded a five-wave impulse in 2023, followed by a deep A-B-C corrective setback with strong 78,6% Fibo. support area.ROSEUSD Daily Chart From September 11 2024Later […]
Housing Affordability Brings Market To A Standstill
Housing affordability helps explain why residential real estate transactions have reached a standstill. Over the last five years, housing prices have surged. Per the Case-Shiller 20 City Home Price Index, home prices from 20 of the largest cities have risen between 33% and 80%. Over the same five-year period, mortgage rates jumped from 3.68% to […]
Reducing Government Spending Is Key To Reduce Inflation
Image Source: Pixabay Markets and economists are beginning to recognize that a serious rationalization of spending is the only way to prevent a debt crisis and reduce inflation in the United States. In the latest estimates published by the Treasury, the accumulated deficit between 2024 and 2034 would reach $14 trillion. Considering the path of uncontrolled […]
Brent Oil Faces Pressure Amid Weak Demand And Geopolitical Concerns
Image Source: Pixabay Brent crude oil prices have dropped to 71.41 USD at the beginning of the week, influenced by ongoing concerns over weak demand and geopolitical tensions. The fall in oil prices was somewhat mitigated by significant news from the Middle East, following the end of the Assad family’s five-decade rule in Syria. This political […]
Daily Market Outlook – Monday, Dec. 9
Image Source: Unsplash The Chinese mainland and Hong Kong markets have seen strong gains, and government bonds rose following a change in the politburo’s language regarding monetary policy, indicating that additional easing measures may be implemented to support the struggling economy. The benchmark 10-year yields declined by about 2bps to a record low of 1.935%. The […]
S&P 500 Steadily Coasts To New Record High
The prospect of more rate cuts once again boosted the S&P 500 (Index: SPX). The index closed out the trading week ending Friday, 6 December 2024 nearly a full percent higher than it did the previous week at 6,090.27. That’s a new record high close for the S&P 500.Although several Federal Reserve officials signaled they want to […]
BTC/USD Forecast: Bitcoin Continues To Test 100K
After all, Bitcoin has been in an uptrend for some time, and I do think that the upside is still the correct direction, but you also have to keep in mind that the market has gone a long way to get to this area, so it as have to work off some of that excess […]
