Federal Reserve Grinch Tries To Steal Christmas From Stock Market
Dec 23, 2024
Jeremy Parkinson
Finance, No picture
The S&P 500 (Index: SPX) had a rough week just ahead of the Christmas and New Year holidays.The rough going was courtesy of the grinches at the Federal Reserve, who did their best to steal Christmas from investors by putting the kibosh on the prospects for more than two interest rate cuts in 2025. Since we […]
AUD/USD Consolidates Around 0.6250 As Focus Shifts To RBA Minutes
Dec 23, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash AUD/USD trades in a tight range around 0.6250 with RBA minutes taking centre stage. The RBA held its policy rates steady at 4.25% in the policy meeting on December 10. Investors shrug off soft US monthly PCE inflation data for November. The AUD/USD pair trades sideways around 0.6250 at the start of […]
USD/JPY Analysis: Path To 160.00 Peak Is Paved
Dec 23, 2024
Jeremy Parkinson
Finance
The USD/JPY pair experienced another week of upward momentum, with gains extending to the resistance level of 157.92, the highest for the currency pair in five months. The week’s trading closed around 156.42 amidst strong bull control over the trend. The increasing strength of the US dollar may push the trend towards the psychological resistance […]
Trump’s Trade Wars Will Fail, Currency Wars Will Be Next
Dec 23, 2024
Jeremy Parkinson
Finance
Trump will fail to increase exports with trade wars and tariffs. Currency wars will result.Trade weighted dollar index data from the Fed. Chart by Mish. On a trade-weighted basis, the US dollar is the strongest since the early- to mid-1980s.That’s because the US has the strongest economy in the world and high interest rates to […]
Cash Allocations Send An Ominous Signal
Dec 23, 2024
Jeremy Parkinson
Finance
According to Bank of America, institutional fund managers are sitting on record low cash allocations as they increase their equity holdings. Bank of America believes this is a contrarian indicator warning that a decline could be nearing. Moreover, they report that 36% of the fund managers they evaluate are overweight stocks.Per a Bloomberg article on […]
Confidence Dive Hits Czech Industry
Dec 23, 2024
Jeremy Parkinson
Finance
Image Source: Pexels Czech consumer and business confidence both weakened in December. Consumers are now less optimistic about the economic outlook and the business mood was further dragged down by industry. Meanwhile, the service sector saw further improvements. Consumer mood remains above the long-term averageThe Czech consumer confidence indicator shed 1.2 points to 100.4 in December, remaining just above […]
Crude Oil Flattens Amid Rather Positive Market Sentiment Ahead Of Christmas
Dec 23, 2024
Jeremy Parkinson
Finance
Oil prices trade broadly sideways on Monday, erasing gains from the early Asian session. Markets are pushing equities and commodities higher after the soft PCE inflation release. The US Dollar Index trades flat close to a two-year high. Crude Oil prices consolidate on Monday, with WTI hovering above $69, with some room to the upside as market sentiment improves […]
Bitcoin Price Under Pressure: Could The Slide Continue?
Dec 23, 2024
Jeremy Parkinson
Finance
Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone. Bitcoin started a fresh decline from the $100,000 resistance zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a key bearish trend […]
USD/CHF Forecast: Pulls Back Against The Swiss Franc As Rates Slide
Dec 23, 2024
Jeremy Parkinson
Finance
The US dollar has gotten pummeled against the Franc during the trading session on Friday, but I don’t think there’s a lot to see here other than a pullback that is heading towards significant support underneath. So, with that being said, I think you have a situation where we have to pay pretty close attention […]
How Macro Changes Will Impact Gold In 2025
Dec 23, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay The yield curve is quietly steepening again. If it continues and accelerates that would be very good for Gold as it likely indicates more rate cuts ahead and a recession.On the other hand, if the Fed is able to pause for most of 2025 as the economy avoids recession, that would be bad […]