Category Archive: Finance, No picture
Gold Prices Surpass $2,100, Signaling Prolonged Upside In 2024
Image Source: Unsplash The recent surge in gold prices, reaching an impressive $2,100 per ounce on Monday for the second consecutive day, has become a focal point for investors, hinting at a potential trend that might endure into the forthcoming year. This remarkable ascent is attributed to various pivotal factors expected to significantly influence the performance […]
S&P 500 Forecast: SPX Looks To Data For Policy Clues As Blackout Period Kicks In
Image Source: Unsplash US futuresDow futures -0.32% at 36107S&P futures -0.49% at 4569Nasdaq futures -0.68% at 15889In EuropeFTSE -0.45% at 7102Dax +0.14% at 16408 S&P 500 falls after its highest close of the year on Friday Data in focus with NFP on Friday and no Fed speakers Uber gains on S&P 500 inclusion Oil extends losses […]
Gold Breakout & Road To $2300 & $2500
Image Source: Unsplash Gold finally made its historic breakout last week and the price is hovering around $2100 as the week begins. Gold has measured upside targets of $2300 and $2500.Silver has measured upside targets of $31. Silver is wrestling with resistance at $26 but could reach $29-$30 if Gold moves to $2300.Video Length: 00:07:11More By […]
Week’s Main Events (December 04 – December 08)
Photo by Josh Appel on UnsplashFriday’s Nonfarm Payrolls report for November will be the focus of investors’ attention. Economists expect the US economy to have added 180,000 jobs in November after 150,000 jobs were created in October. A strong report will make it less likely that the Fed will begin easing its restrictive monetary policy sooner than […]
POWR Stock Of The Week Under $10: Himax Technologies
TM Editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence.Image Source: Unsplash This doesn’t happen as often as it did even a few years ago (because it’s done automatically in the background now), but do you remember when you would get an alert on […]
Analytical Overview Of The Main Currency Pairs – Monday, Dec. 4
Image Source: Unsplash The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0886 Prev Close: 1.0881 % chg. over the last day: +0.05 % The ISM manufacturing index in the US for November contracted more than expected, which is a dovish factor for the Fed’s policy. Meanwhile, dollar losses accelerated on Friday after US Fed Chairman Jerome […]
The S&P 500 Rises To Its Highest Point Of 2023 As Gloomier Outlook Puts 2024 Rate Cuts In View
The S&P 500 (Index: SPX) rose nearly 0.8% to close at 4594.63 on Friday, 1 December 2023. That’s the highest close the index has reached during 2023, putting it just 4.2% below its all-time record high close of 4,796.56 from 3 January 2022.Since the late October 2023 spike in long-term U.S. Treasury yields, stock prices have risen as […]
Gold Market Commentary – Monday, Dec. 4
Image Source: Unsplash Volatile Price ActionIt’s been a wild start to the week for the gold market today. Gold futures surged higher by more than 4.3% over the Asian session, hitting fresh all-time highs of around $2145 before reversing sharply lower, now back in the red on the session. The move follows a solid rally on […]
Why Is Goldman Sachs Dropping The Apple?
The Wall Street Journal reported that Apple has sent Goldman Sachs a proposal to end their partnership within the next year, leaving Apple to find a new backer for its financial products.UnsplashThe Apple Card program was launched in 2019 to great fanfare but, within a year, Goldman Sachs was lamenting losses and costs for the partnership. Then […]
FX Daily: Euro Remains The Weakest Link
Image Source: Unsplash The dollar starts the week in a mixed fashion. USD/JPY is trading at a new corrective low, while EUR/USD continues to lick its wounds after a torrid session on Friday. The highlight of this week’s data calendar will be the November US jobs report on Friday; there are also central bank policy meetings […]
