Author Archive: Jeremy Parkinson
Sensex Today Rallies 809 Points; Nifty Above 24,700
After opening the day lower, Indian benchmark indices reversed the trend as the session progressed and ended the day on a firm footing.Benchmark equity indices, the BSE Sensex and NSE Nifty50 pared their early losses to extend their winning streak for the fifth consecutive session, settling in positive territory on Thursday.At the closing bell, the BSE […]
Phantom Wallet expands to Sui network in pursuit of multichain dominance
Key Takeaways Phantom Wallet has expanded to support the Sui network, adding to its existing support for Bitcoin, Ethereum, Polygon, and Base blockchains. Sui’s value has increased by over 100% in the past month, attracting interest in alternative Layer 1 blockchains. Share this article Phantom Wallet has expanded support to the Sui network as part […]
Jobless Claims: Neutral – With An Extra Grain Of Salt
As I cautioned last weekend in my “Weekly Indicators” update, we have entered that period of the year where Holiday seasonality means take everything with at least a little grain of salt. For example, this year Thanksgiving was almost one full week later than lat year.With that caveat, initial jobless claims for Thanksgiving week this […]
AUD/USD Price Forecast: More Downside Looks Likely Below 0.6400
AUD/USD gains higher US Initial Jobless Claims weigh on the US Dollar. The US NFP data will significantly influence the Fed’s likely interest rate action in the policy meeting on December 18. Weak Australian Q3 GDP data has bolstered RBA dovish bets. The AUD/USD pair ticks higher to near 0.6440 but remains trades inside Wednesday’s trading range in […]
Two Crucial Breadth Developments
S&P 500 brought another day of reliable gains delivered to clients both swing and intraday, and I do tolerate the lackluster overall breadth (advance-decline volume, I‘m looking at you mainly). That‘s because positive developments such as latest earnings in tech result in broadening breadth in this till now lagging sector (called beginning of the week to […]
S&P 500, DAX And Bitcoin At New Highs Amid Insatiable Risk Appetite
Image Source: Unsplash Risk appetite continued to remain insatiable in the first half of Thursday’s session, with BTCUSD surging through $100K hurdle and some to reach $104K, while the German DAX index hit yet another record high, reaching north of 20,300. In the US, the S&P and Nasdaq both closed at new highs on Wednesday. Index […]
USD/JPY Forecast: Bulls Reclaim Key Levels
The USD/JPY currency pair has seen a resurgence in bullish momentum, with gains extending to the resistance level of 151.22 before stabilizing around 150.00 at the time of writing. This comes as the market awaits the release of US non-farm payroll data, which will have a significant impact on future expectations for the Bank of […]
Powell Sees A “More Cautious Fed” Ahead Of The November Employment Report
The continued grind higher in the stock market has landed relative strength index (RSI) levels for both the S&P 500 and the Nasdaq Composite in overbought territory as they hit fresh record highs. Meanwhile, the Dow Jones Industrial Average, which isn’t our favorite stock market benchmark because it is comprised of just 30 stocks, crossed […]
US Dollar Edges Lower Ahead Of Jobless Claims, Trade Data
Image Source: Pexels The US Dollar takes a step back with markets in a holding pattern towards Friday’s key NFP release. Fed Chairman Jerome Powell issued a warning on the US debt’s unsustainable path. The US Dollar Index (DXY) fails to close above the pivotal 106.50 level. The US Dollar (USD) trades marginally softer on […]
Elliott Wave Technical Analysis – PayPal Holdings Inc.
PYPL Elliott Wave Analysis Trading LoungePayPal Holdings Inc., (PYPL) Daily ChartPYPL Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {v} of C.DIRECTION: Upside into wave {v}.DETAILS: Looking for a potential ending diagonal in wave {v} as we approach 90$. We have passed equality of potential C vs. A which also makes us think we could be in a wave […]
