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 […]
VIX Spike Reversal Last Week Probably Suggests Lower Volatility In Sessions Ahead
Dec 23, 2024
Jeremy Parkinson
Finance
Volatility bulls had a great opportunity last week to score a major victory but came up short in the end. VIX had a decent week, but the inability to hang on to most of the gains resulted in a spike reversal, which, if past is prologue, suggests VIX is headed lower for now.VIX jumped 4.55 […]
Grim Warning To America: Jobs Have Completely Stopped Hiring
Dec 23, 2024
Jeremy Parkinson
Finance
Image Source: Pixabay According to the latest conventional ‘wisdom’ – which changes with each and every CPI report and FOMC dot adjustment – inflation is back and so is the soft landing. The most recent update from the labor market says that’s entirely backward. Job findings have utterly plunged right when the jobs market reaches that […]
Nasdaq 100: Key Resistance Breaks And Upward Momentum Ahead
Dec 23, 2024
Jeremy Parkinson
Finance
The Nasdaq 100 has recently made an exciting move by breaking above the significant resistance level of 21,484. This upward momentum suggests that the downward movement, which saw the index dip to 20,798 from a high of 22,212, has officially come to an end.Now firmly in an uptrend from the 20,798 mark, NAS100 is currently […]
Weekly Market Research: Netflix’s FIFA Rights, Oil’s Future Decline, And Gold’s Steady Ascent
Dec 23, 2024
Jeremy Parkinson
Finance
NetflixNetflix has secured exclusive US streaming rights for the FIFA Women’s World Cup in 2027 and 2031, expanding its sports portfolio. The 2027 tournament will be held in Brazil, with the 2031 host yet to be announced. Coverage will include live matches, studio shows, and documentaries on players and women’s sports.This follows Netflix’s push into […]
Goldman Sachs Has Updated Its Economic Projections For 2025
Dec 23, 2024
Jeremy Parkinson
Finance
Image source: Pixabay At the end of Friday, the Dow Jones Index (US30) was up 1.18% (for the week -2.25%). The S&P 500 Index (US500) gained 1.09% (for the week -2.19%). The Nasdaq Technology Index (US100) increased by 0.85% (for the week -2.75%). Friday’s rally followed lower-than-expected inflation data, with the November PCE Index showing an […]
Forex Today: Risk Sentiment Continues Recovery
Dec 23, 2024
Jeremy Parkinson
Finance, No picture
Image Source: Unsplash Risk appetite continues its recovery from Friday after inflation-indicative US PCE data came in lower than expected. Friday’s risk rally sparked by the lower-than-expected US PCE Price Index data (the Fed’s preferred inflation metric) seems to have continued over the weekend, with most major stock indices trading higher since this week’s open in […]
EUR/USD Consolidates Ahead Of Holiday-Shortened Week As Fed Supports Shallow Rate-Cut Cycle
Dec 23, 2024
Jeremy Parkinson
Finance
EUR/USD trades in a tight range as volumes thin out due to fewer trading days this week amid holidays on account of Christmas Eve and Boxing Day. The Fed sees fewer interest rate cuts in 2025 as the disinflation process stalls and amid increasing uncertainty over Trump’s policies. ECB Lagarde said she believes that a […]