Author Archive: Jeremy Parkinson
Gold And Silver: The Price Of Gold Crosses The $2350 Level
Gold chart analysisThe price of gold is recovering after falling to the $2291 level on Tuesday. The growing bullish consolidation managed to climb the euro to the $2350 level today. We have crossed the EMA200 moving average and have its support. We hope that this trend will continue and that the price of gold will […]
US Dollar Commentary – Friday, April 26
Image Source: Pexels US GDP Misses MarkThe US Dollar continues to soften on Friday as traders digest a weaker-than-forecast advanced GDP print yesterday. The first look at Q1 GDP came in at 1.6%, down from the prior quarter’s 3.4% and well below the 2.5% the market was looking for. At this level GDP growth in the […]
Bombshell GDP Report Confirms Everything
Image Source: Pexels GDP comes in the worst in two years because prices shot up again, therefore the term “stagflation” is going to be everywhere. Which prices changed actually makes a huge difference given the fact those particular prices are more likely to help the US economy get back to its depression tendencies. And on that […]
Stagflation In The United States, Monetary Crisis In Japan
China is currently trying to slow down the gold-buying craze: The Shanghai Gold Exchange (SGE) raised margins on its futures contracts and drastically limited the number of contracts per participant after the close of trading last Friday, forcing the liquidation of many long speculators.This decision appears to be coordinated with the COMEX’s second margin hike. China clearly has […]
PayPal Stock Price Prediction: Earnings Could Spark A 20% Jump
Image Source: Pexels PayPal’s share price is stuck at the 200-day moving average. It has also formed an inverse head and shoulders pattern. The company’s revenues are expected to come in at $7 billion. PayPal (Nasdaq: PYPL) stock price is at a crossroads ahead of the upcoming financial results. It has risen slightly by about 4.3% […]
Daily Market Outlook – Friday, April 26
Image Source: Unsplash Asian equities saw gains today following strong US tech earnings, rebounding from yesterday’s sell-off in both US equities and bonds triggered by Q1 GDP data showing slower growth and stronger inflation than anticipated. Overnight, the Bank of Japan kept short-term interest rates unchanged, as expected, maintaining them in the 0%-0.1% range after shifting […]
EUR/USD Forecast: Euro Continues To Grind A Bit Higher
The euro rallied a bit during the trading session on Thursday, breaking above the 1.37 level. The 1.07 level is an area that previously had been support, so it is a little bit of a surprising move, but it doesn’t necessarily change much because we have a lot of work to do regardless. Keep in […]
Sensex Today Trades Flat; Nifty At 22,600
Asian shares rose cautiously on Friday as markets sobered up to the idea that U.S. rate cuts were most likely some time away.MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.3%.US equities ended a three-day winning run on Thursday, according to a Reuters, as the tech industry was battered by disappointing projections from Meta, […]
Rates Spark: Bonds Braced For Another Inflation Pop
Image source: PixabayA higher-than-expected US inflation print yesterday is likely to be followed by another one today. The FOMC meets next week, and had they not been intimating a cut, a hike could have been a discussion point. No change expected though. Markets remain convinced about a June ECB cut, but are now having slightly less […]
