Author Archive: Jeremy Parkinson
Gold Prices Remains Unchanged As Markets Wind Down Ahead Of The New Year Holiday
Image Source: Pixabay Gold price is set to close the year with an impressive 27% gain, marking the strongest annual performance since 2010. The non-yielding metal receives downward pressure from the outlook of fewer Fed rate cuts in 2025. The safe-haven Gold remains backed by the prolonged Russia-Ukraine and Middle East conflicts. Gold price (XAU/USD) holds […]
Stocks Drop Again As Breadth Erodes Further
Image Source: UnsplashIt was another tough day for stocks, with the market down over 1%. The S&P 500 finished 1.07% lower, but the breadth numbers were particularly weak. Of the S&P 500, 470 stocks were down, 31 were up, and two were unchanged—an overwhelmingly bearish day.On the New York Stock Exchange, there were 823 more decliners […]
Financial Markets Report For Monday, Dec 30
Image Source: PixabayIn this video, Ira Epstein reviews the activity in the Financial Markets after the day that just ended, Monday, December 30.Video Length: 00:14:39More By This Author:Financial Markets Report For Thursday, Dec 26Metal Markets Report For Monday, Dec 23Financial Markets Report For Monday, Dec 23
The Canadian Cannabis Report – Monday, Dec 30
Image Source: UnsplashFor the trading week ended December 27, 2024 my proprietary Canadian Cannabis Company Index (MCCCI) was unchanged compared to the prior week when it decreased by 1.4 %. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I […]
Nasdaq 100 & S&P 500 Elliott Wave Update – Monday, Dec 30
Image Source: UnsplashThe markets continued to move lower on Monday as expected. Tonight I update the EW labeling and review the minute abc versus the Minor abc structures as we approach the last trading day of 2024. I add Fibonacci levels for the balance of the 5 waves down off of 12/26 highs. I expect volatility […]
The Stock, Gold, And Bitcoin Correction
Image Source: PexelsSee what the charts are saying about stocks, gold, bonds, and Bitcoin, as we head into the new year with Trump and Elon.Video Length: 00:04:27More By This Author:The Danger Of Holding Dividend-Paying Stocks In A Bear Market What’s Next For Stocks, Bonds, Gold, Bitcoin & Real Estate?A Mini-Depression Is On The Horizon
Javier Blas: Prepare For A Turbulent 2025 In Coffee, Oil, & Other Commodity Markets
Image Source: PixabayThe soft agricultural market has seen a rollercoaster of performances, with orange juice, cocoa, cattle, and coffee hitting record highs amid persistent global supply concerns. These trends show little sign of abating and are expected to continue into 2025. “Before it’s too late, order your espresso. It will be more expensive in 2025, and anyone trading — or observing — energy and […]
The Curtain May Be Closing In 2024, But The Drama On Wall Street Is Set To Intensify
Image Source: UnsplashAs 2024 readies its curtain call, U.S. stocks are wrapping up the year on a subdued note. The US market’s penultimate act—a cautious shuffle in the red—comes as Asia readies to pick up a risk-averse baton. This anticlimactic close starkly contrasts the exuberance seen earlier this year. The rally has been overshadowed by year-end […]
Gold Price Forecast: XAU/USD Drifts Lower To Near $2,600 Amid Thin Trading
Image Source: Pixabay Gold price edges lower to $2,600 in Tuesday’s early Asian session. The Fed’s cautious stance might drag the precious metal lower. Uncertainty and geopolitical tensions could boost Gold price, a traditional safe-haven asset. The Gold price (XAU/USD) attracts some sellers to near $2,600 during the early Asian section on Tuesday. Traders await fresh […]
EUR/USD Struggles To Find Room To Move
Image Source: Pixabay EUR/USD waffled on Monday, stuck near 1.0400 ahead of the midweek holiday. Global markets are set to go dark during the New Year’s holiday session. Mid-tier German labor figures, US ISM PMI data are the key releases this week. On Monday, EUR/USD dipped below the 1.0400 mark as the market navigates the year-end holiday period. […]
