Author Archive: Jeremy Parkinson
Eurozone PMI Sounds The Alarm About Growth Once More
Image source: Pixabay The composite PMI dropped from 50 to 48.1, once more stressing growth concerns for the eurozone. Hard data has actually come in better than expected recently – so ahead of the December meeting, the ECB has to figure out whether this is the PMI crying wolf or whether it should take this signal seriously. We think it’s […]
EUR/JPY Price Prediction: November Bear Trend Unfolds
EUR/JPY is declining in a short-term downtrend which started in November. The pair is likely to continue lower given technical analysis theory. EUR/JPY staircases down from its Halloween peak as it unfolds in a short-term downtrend during November. The odds favor an extension lower given the technical analysis theory that “the trend is your friend”. EUR/JPY Daily […]
GBP/USD Price Analysis: Hits 6-Month Low As UK Sales Slump
The GBP/USD price analysis shows weaker consumer spending in the UK, which has pushed the pound to a six-month low. On the other hand, the US labor market remains resilient, reducing Fed rate cut expectations.Data on Friday revealed that retail sales in the UK fell by 0.7% in October, compared to estimates of a 0.3% […]
Euro Sinks To Fresh 2024 Low
Image Source: Pixabay We come into Friday with the US Dollar having extended its run of yearly gains against the Euro and New Zealand Dollar, and multi-week gains against the Pound. Overall, the US Dollar remains well in demand across the board.Video Length: 00:01:08More By This Author:About The Dollar, Euro And Bitcoin Three Stories Driving Markets […]
Brent Prices Surge Amid Geopolitical Tensions
Brent crude trades above $74 a barrel Heightened risk premium amid geopolitical escalation OPEC+ meeting on December 1 to reassess production Sluggish demand from China complicates outlook Technical indicators show mixed short and long-term trends Global oil prices rose to a two-month high on Friday, with Brent crude trading above $74 a barrel, as escalating tensions between Russia and Ukraine fueled market […]
Bitcoin Price Is Approaching 100,000
Image Source: Pexels At Thursday’s close, the Dow Jones Industrial Average (US30) was up 1.06%. The S&P 500 Index (US500) closed positive 0.53%. The Nasdaq Technology Index (US100) was up 0.36%.The Dollar Index remained above 107, holding near two-year highs, as investors assessed the Federal Reserve’s monetary policy outlook. Data released on Thursday showed that weekly […]
Visa Inc. Stocks Elliott Wave Technical Analysis – Friday, November 22
V Elliott Wave Analysis Trading LoungeVisa Inc., (V) Daily ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave {iv} of 5.DIRECTION: Upside in wave {v} in 5.DETAILS: Looking for consolidation in wave {iv} as we stand at the beginning of MinorGroup1 at 310$. Visa Inc., (V) 1H ChartV Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave (a) of […]
Daily Market Outlook – Friday, Nov. 22
Image Source: Unsplash Russia lowered its threshold for using nuclear weapons and fired a hypersonic ballistic missile at Ukraine, sending gold on its way to its biggest weekly gain in almost eight months and the euro hovering at a 13-month low. In addition to driving investors to safe havens and pushing European gas prices to a […]
AUD/USD Bounces Back To Near 0.6500 As USD Gives Up Majority Of Gains
The AUD/USD pair recovers more than half of its intraday losses and rebounds to near the psychological figure of 0.6500 in Friday’s European session. The Aussie pair bounces back as the US Dollar (USD) surrenders a majority of its intraday gains after refreshing two-year high. The US Dollar Index (DXY), which tracks the Greenback’s value against six major […]
USD/JPY Awaits Potential Stimulus Impact
Image Source: Pixabay The USD/JPY pair remains stable at approximately 154.30 amid global economic fluctuations and expectations of potential Japanese stimulus measures.Japan’s latest inflation data for October revealed a decline to 2.3%, marking the lowest level in nine months and potentially easing pressure on the Bank of Japan (BoJ) for immediate rate hikes. However, BoJ Governor […]
