Author Archive: Jeremy Parkinson
GBP/USD Holds Gains Near 1.2600 Due To Thin Trading Ahead Of The New Year Holiday
The GBP/USD pair extends its gains for the second consecutive day, trading near 1.2580 during the Asian session on Monday. The upward movement can be attributed to the subdued US Dollar (USD) amid lighter-than-usual trading volumes ahead of the New Year holiday.However, the GBP/USD pair’s potential upside may remain constrained as markets continue to process […]
Forex Today: Santa Rally Falters
Image Source: Unsplash Risk appetite continues to be hit as stocks and risky assets continue to be sold as the year-end rally seems to evaporate. The end of year risk rally has evaporated, with stock markets falling since Friday and Bitcoin trading near the December low. Traders had hoped for a “Santa Claus rally” that would […]
Sensex Today Trades Lower; Nifty Below 23,800
Asian shares edged lower on Monday as high Treasury yields challenged lofty Wall Street equity valuations while underpinning the US dollar near multi-month peaks.MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.2%.Tech and growth stocks dragged Wall Street’s main indexes lower on Friday, at the end of an upbeat holiday-shortened week that was driven […]
EUR/USD Consolidates In Illiquid Market Amid Year-End Trading
EUR/USD trades in a limited range above 1.0400 as volumes are low with investors enjoying holidays as the end of 2024 approaches. The Euro is poised to end the year with an almost 5.5% loss against the US Dollar due to the ECB’s dovish guidance and the potential trade war with the US. This week, […]
Dow Jones Analysis, Week Ahead And Forecast – Sunday, Dec. 29
More By This Author:Gold Trading Strategy Today – Friday, Dec. 27 Gold Trading Strategy Today – Tuesday, Dec. 24 GBPUSD Analysis & GBPUSD Price Prediction Forecast – Sunday, December 22
Market Briefing For Monday, Dec. 30, 2024
Baked-in-the-cake has been and remains a decent valuation viewpoint as to the high prices of the S&P, which would never have held the high levels if not for the broadening-out we required over the past couple of months. That’s not changed as high valuation for the ‘last generation’ of big-caps continues.An upward surge to start Friday was […]
What You Need To Know About Option Flow
Image Source: Pexels Uncover the flow of volume in resistance zones and learn how to navigate market structures for smarter trades.Video Length: 00:03:58More By This Author:Maximizing Gains In Volatile Markets How Volatility Impacts Butterfly Trades Navigating Market Sentiment With LVN Breaches
Bitcoin Price Analysis & Bitcoin BTC Forecast – Sunday, Dec 29
More By This Author:Gold Trading Strategy Today – Friday, Dec. 27 Gold Trading Strategy Today – Tuesday, Dec. 24 GBPUSD Analysis & GBPUSD Price Prediction Forecast – Sunday, December 22
Bitcoin Next Move Hinges On Critical $96,600 Region
Image Source: Pixabay The price of Bitcoin saw no overall gain over the past week as the premier cryptocurrency continued to undergo a market correction. Despite multiple upward movements, Bitcoin struggled to break past the $100,000 resistance with its price performance in December continuing to deviate from earlier bullish predictions. Amidst this development, market analysts continue to roll out […]
Bracing For A Slippery Penultimate Trading Day Of 2024
ASIA OPENAs US stock markets concluded with a downturn on Friday, Asia-Pacific markets are bracing for a slippery penultimate trading day of 2024. With U.S. yields climbing and liquidity essentially non-existent, there’s always the potential for outsized moves. This comes during a critical phase of year-end rebalancing, intensified by hefty equity positions across portfolios. Equity allocations […]
