Author Archive: Jeremy Parkinson
The Dollar And Oil Foresee A Santa Rally For Bonds
Bond yields are primarily driven by macroeconomic factors such as inflation and economic growth. Given their impact on inflation and the economy, the U.S. dollar and oil prices are frequently well correlated with bond yields. Therefore, bond traders often take their cue from the dollar and oil markets.The dollar (blue), as graphed on the right, […]
Two Trades To Watch: DAX, GBP/USD Forecast – Wednesday, Dec. 4
Image Source: Unsplash DAX rises to record highs despite weak PMI data Dax tracks higher after Nasdaq 100 & S&P500 record highs German composite PMI falls to 47.2 DAX rises above 20k to record highs. After the S&P500 and the Nasdaq 100 closed at all-time highs, the DAX is following suit.The German index has reached fresh […]
Forex Today: South Korea Coup Attempt Fails
Image Source: Pexels An attempt by the President of South Korea to impose martial law failed yesterday after Parliament successfully ordered troops to stand down. In a very surprising move, the President of South Korea declared martial law yesterday, claiming that the opposition, which controlled the South Korean Parliament, was paralyzing the government and acting on […]
Aussie GDP, French Politics, And US Economic Data
Image Source: Unsplash Things have been mostly quiet in the FX market this week. It seems participants are perhaps waiting for additional cues that could come by way of today’s round of US economic data or developments out of France around the no-confidence vote and possibility for a collapse in the government.Video Length: 00:01:21More By This […]
Sensex Today Trades Higher; Nifty Above 24,500
Asian markets traded lower on Wednesday following a disruptive political crisis in South Korea.President Yoon Suk Yeol’s sudden imposition of emergency martial law, which was later revoked within hours, unsettled global markets and heightened uncertainty in the region.US stocks closed mixed on Tuesday as investors digested fresh jobs data and new Fedspeak regarding the path […]
FX Daily: Geopolitics Just Another Reason To Hold Dollars
Image Source: Unsplash If US exceptionalism and the potential for a second Trump administration weren’t enough to hold dollars, geopolitics and events in South Korea yesterday only add to the argument. Expect the market to keep one eye on Korea today, but also take note of central bank speakers and US data. In the CEE, we see […]
BTC/USD Forex Signal: Bitcoin Path To $100k Is Intact
Bullish View Buy the BTC/USD pair and set a take-profit at 100,000. Add a stop-loss at 90,000. Timeline: 1-2 days. Bearish View Set a sell-stop at 94,000 and a take-profit at 90,000. Add a stop-loss at 100,000. The BTC/USD exchange rate remained in a tight range as it struggled to move above the important resistance […]
Oil Prices Rise As OPEC+ Extensions Boost Sentiment, But Gains May Be Capped
Image Source: Unsplash Oil prices extend gains on Wednesday as rising tensions in the Middle East raise supply concerns. American Petroleum Institute reported crude oil inventories in the US rose unexpectedly last week. OPEC+ is expected to extend production cuts, but oil prices may remain neutral following the decision. Oil prices extended gains from the […]
Elliott Wave Technical Analysis: Australian Dollar/U.S. Dollar – Wednesday, Dec. 4
Australian Dollar/U.S. Dollar (AUDUSD) Day ChartAUDUSD Elliott Wave Technical Analysis FUNCTION: Bearish Trend MODE: Impulsive STRUCTURE: Orange Wave 3 POSITION: Navy Blue Wave 3 DIRECTION NEXT LOWER DEGREES: Orange Wave 3 (started) DETAILS: Orange Wave 2 appears to be completed; orange wave 3 is now active. Wave Cancel Invalidation Level: 0.65280 The AUD/USD daily chart reflects an […]
Metal Markets Report For Tuesday, Dec 3
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:09:44More By This Author:Financial Markets Report For Tuesday, Dec 3Metal Markets Report For Monday, Dec 2SPDR ETF Report For Monday, Dec 2
