EUR/JPY Price Prediction: Down-trend In Play, Lower Lows Expected
Nov 26, 2024Jeremy Parkinson0
EUR/JPY establishes a descending sequence of peaks and troughs from the October 31 peak. It is now probably in a short-term downtrend and given it is a principle of technical analysis that trends have a tendency to extend themselves, the odds favor the pair continuing to lower lows. EUR/JPY 4-hour Chart The next target to the downside for […]
USD/CAD Outlook: Dollar Soars While Loonie Slides On Tariff Vows USD/CAD technical outlook: Uptrend resumes after bears fail to breach 1.3951
Nov 26, 2024Jeremy Parkinson0
The USD/CAD outlook indicates a sharp bullish turn as the dollar gains and the loonie collapses after Trump’s tariff vows. At the same time, market participants were awaiting more clues on Fed rate cuts from the FOMC policy meeting minutes. The dollar rallied on Tuesday after Trump said he would impose tariffs on goods from China, […]
Gold Vs. CPI And PPI Suggest A Big Rise In Purchasing Power
Nov 26, 2024Jeremy Parkinson0
This week we’ll look at long term charts of gold vs both the Consumer Price Index (CPI) and Producer Price Index (PPI). Both indexes are measures of ever rising prices (inflation), and when gold is outperforming these indexes, gold can be said to be rising in “real terms,” meaning that your purchasing power is expanding. While CPI […]
Daily Market Outlook – Tuesday, Nov. 26
Nov 26, 2024Jeremy Parkinson0
Image Source: Pexels The dollar saw a late-day bid in US trade after the announcement by President-elect Trump that tariffs would be implemented on imports from Canada, Mexico, and China. The nomination of fund manager Scott Bessent as Treasury Secretary, who is perceived as a representative of Wall Street in Washington, spurred a decline in stocks, […]
XRP Price Eyes Fresh Upside: Can Bulls Deliver?
Nov 26, 2024Jeremy Parkinson0
XRP price is consolidating gains near the $1.450 zone. The price must clear the $1.50 resistance zone to start a fresh increase in the near term. XRP price is attempting a fresh increase from the $1.300 level. The price is now trading near $1.450 and the 100-hourly Simple Moving Average. There is a key contracting […]
Hold The Press: Tariff Man Returns
Nov 26, 2024Jeremy Parkinson0
Image source: Pixabay In a striking return to hardline policies, President-elect Trump has dramatically escalated tensions with a brash promise to impose a sweeping 25% tariff on all imports from Canada and Mexico the moment he reassumes office. This bold declaration shatters any lingering hopes that the new Treasury Secretary, Scott Bessent, might usher in an […]
AUD/USD Forecast: Gives Up Early Gains
Nov 26, 2024Jeremy Parkinson0
Options Markets are Probably Watching AlsoIt’s also an area that I think a lot of people have been probably paying attention to via the options markets. With this being said, I think you’ve got a scenario where we probably have more of a buy on the dip attitude, whether that’s right or not in this AUD/USD […]
Cocoa Commodity Elliott Wave Technical Analysis
Nov 26, 2024Jeremy Parkinson0
Cocoa Elliott Wave AnalysisCocoa continues to build on the recovery from late October against the April 2024 record high. While the recovery should continue higher, traders shouldn’t write off further decline. Daily Chart AnalysisFrom October 2022, cocoa prices rallied in a 5-wave impulse structure from 2198 to a record high of 11,722 in April 2024. From the Elliott […]
Credit Spreads: The Markets Early Warning Indicators
Nov 26, 2024Jeremy Parkinson0
Credit spreads are critical to understanding market sentiment and predicting potential stock market downturns. A credit spread refers to the difference in yield between two bonds of similar maturity but different credit quality. This comparison often involves Treasury bonds (considered risk-free) and corporate bonds (which carry default risk). By observing these spreads, investors can gauge risk appetite in […]
Two Trades To Watch: USD/CAD, DAX Forecast – Tuesday, Nov. 26
Nov 26, 2024Jeremy Parkinson0
Image Source: Pixabay USD/CAD rises after Trump’s tariff threat Trump threatened 25% tariffs on Canada and Mexico and 10% on China FOMC minutes are due later USD/CAD rises to 1.4178, a 4-year high USD/CAD has risen to its highest level almost four years after President-elect Trump’s pledge to impose 10% tariffs on Chinese goods and 25% […]