Author Archive: Jeremy Parkinson
Business Cycle Indicators For October, Including Monthly GDP
Image Source: PexelsHere are key indicators followed by the NBER’s Business Cycle Dating Committee (top indicators employment and person income) plus monthly GDP from S&P (nee Macroeconomic Advisers nee IHS Markit):Figure 1: Nonfarm Payroll (NFP) employment from CES (blue), implied NFP from preliminary benchmark (bold blue), civilian employment (orange), industrial production (red), personal income excluding current transfers […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Wednesday, Dec 4
Image Source: PexelsMarkets continued to rally on Wednesday and progress within the current preferred and alternate counts continues. I update both the preferred and alternate counts and also update the Fibonacci levels. Expectations remain for additional new ATHs to be seen to complete the minute 5th waves, the Minor 5th waves and the Intermediate 3rd waves.Video […]
Bitcoin breaks through $100,00 for first time ever, market cap hits $2 trillion
Key Takeaways Bitcoin reached $100,000 for the first time, increasing its market cap to $2 trillion. The approval of spot Bitcoin ETFs is facilitating regulated institutional investment in digital assets. Share this article It was the moment everyone had been waiting for. On Wednesday December 4, 2024, Bitcoin hit $100,000 for the first time in […]
Elliott Wave Analysis: Trading Strategies For New Highs In Major Indices
Image Source: Unsplash Elliott Wave Technical Analysis and Trading Strategies for Major Indices S&P 500, Nasdaq 100, Russell 2000, DAX 40, FTSE 100, and ASX 200 Overview Prepare for strategic trading opportunities as we delve into the Elliott Wave technical analysis of major global indices. Thursday is expected to present a minor Wave Four corrective pattern, […]
Elliott Wave View In Silver Favors The Metal Going Higher
Image Source: PixabayShort Term Elliott Wave in Silver (XAGUSD) shows that the metal ended wave ((4)) at 29.63. The metal has turned higher in wave ((5)). The structure of the rally is unfolding as a 5 waves Elliott Wave impulse structure. Up from wave ((4)) low on 11.28.2024, wave (i) ended at 30.29 and wave (ii) dips […]
Japanese Yen Sticks To Modest Intraday Gains Against Usd; Lacks Follow-through
Image Source: Pixabay The Japanese Yen attracts some buyers on Thursday, albeit lacking bullish conviction. Dovish remarks by BoJ’s Nakamura, rebounding US bond yields cap gains for the JPY. Traders seem reluctant to place aggressive bets ahead of the US NFP report on Friday. The Japanese Yen (JPY) remains on the front foot against its American […]
Australian Dollar Remains On The Defensive As Weaker Data Spurs RBA Rate Cut Speculation
Image Source: Unsplash The Australian Dollar softens in Thursday’s Asian session. Slower-than-expected Australian Q3 GDP and heightened expectations of RBA’s dovish stance exert some selling pressure on the Aussie. The US weekly Initial Jobless Claims and Goods Trade Balance are due later on Thursday. The Australian Dollar (AUD) remains under selling pressure on Thursday. The disappointing […]
Market Liquidity May Not Be As Ample As Some Believe
Image Source: UnsplashToday, the VIX index was up slightly, and 10-day realized volatility began to rise from its depressed levels, as the S&P 500 moved by 60 basis points instead of its usual 25 bps. With a Jobs report on Friday, a CPI report next week, a FOMC meeting coming up, and a BOJ meeting, volatility […]
Financial Markets Report For Wednesday, Dec 4
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Wednesday, December 4.Video Length: 00:15:37More By This Author:Metal Markets Report For Tuesday, Dec 3 Financial Markets Report For Tuesday, Dec 3 Metal Markets Report For Monday, Dec 2
The Fall Of The French Government Means Less Growth And No Budget In 2025
Image Source: Pexels There is no longer a government in France As expected, French MPs decided on Wednesday evening to vote a motion of no confidence in the government led by Michel Barnier. 331 MPs from the left and far right voted in unison, and the government fell, less than three months after it was set […]
