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 […]
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 […]