Author Archive: Jeremy Parkinson
US Dollar Commentary – Thursday, May 2
No Joy for USD BullsThe US Dollar is trading lower today on the back of the May FOMC yesterday. The central bank held interest rates unchanged, as expected, but was far more close-guarded in its outlook than many were expecting. Many market players saw hawkish risks ahead of the meeting, given the recent strength in […]
Exploring The 3 Prominent Crypto Trends Post Halving
Bitcoin Halving events, such as the recent 2024 Halving, mark important turning points in the cryptocurrency world and often lead to shifts in market dynamics and investor sentiment. Unsplash As Bitcoin (BITCOMP) begins the week with a dramatic drop, failure to correctly interpret prominent market trends in order to correctly interpret these price movements can be detrimental […]
Brent Crude Oil Hits Seven-Week Low
Brent crude oil prices have dropped to $83.95 per barrel Thursday, marking the lowest level in seven weeks. This decline follows recent US statistics indicating a significant increase in crude oil inventories and production. Pexels According to the Department of Energy, inventories rose by 7.30 million barrels last week, contrary to the forecasted decrease of 2.3 million […]
Analytical Overview Of The Main Currency Pairs – Thursday, May 2
The EUR/USD currency pairTechnical indicators of the currency pair: Prev Open: 1.0671 Prev Close: 1.0708 % chg. over the last day: +0.34 % As expected, the FOMC left the rate unchanged for the 6th consecutive meeting. At the press conference, US Fed Chair Jerome Powell emphasized that inflation has remained stubbornly high recently. He added that he had […]
Navigating Stagflation: Money Metals Midweek Memo
In the latest episode of the Money Metals Midweek Memo, host Mike Maharrey delves into the complexities of the current economic landscape including that of China as a member of BRICS, Federal Reserve policies, and stagflation. China’s Growing Influence on the Global Economy Mike Maharrey highlights concerns about China’s growing influence on the global economy and […]
WTI Crude Oil Commodity Elliott Wave Technical Analysis
WTI Elliott wave analysis Function – Counter-trend Mode – Corrective Structure – Triple Zigzag Position – Wave X of triple zigzag Direction – Wave Y of the triple zigzag Details -Double zigzag for wave X entered the Fibonacci support base to find support after marginally surpassing the 80 major level. It may go deeper in the zone but […]
Total Market Cap In Deep Corrective Retracement
Good morning, everyone.As you may have noticed, cryptocurrencies have experienced a significant drop over the last few sessions and are currently consolidating on an intraday basis. Pexels This suggests that we might see further weakness, especially considering the Fed’s recent emphasis on a restrictive policy, which could potentially drive the dollar higher.Interestingly, although stocks initially recovered following […]
Market Fluctuates Amid Fed Decision And Mixed Corporate Earnings And Economic Signals
The U.S. stock markets exhibited mixed responses on Wednesday as investors navigated through a complex landscape of disappointing corporate earnings and a slew of economic data, all under the looming anticipation of the Federal Reserve’s policy announcement. Unsplash The S&P 500 declined by 0.3%, the Nasdaq fell by 0.7%, while the Dow Jones Industrial Average saw a […]
Dividends By The Numbers In April 2024
April 2024 proved to be yet another mixed month, on net, for the dividend paying stocks of the U.S. stock market.By net, we’re adding the positives and subtracting the negatives to be found in the month’s dividend metadata. After doing that math for the month’s favorable and unfavorable dividend changes, we ended up with a […]
The Canadian Cannabis Report- Monday, April 29
Image Source: DepositPhotosFor the trading week ended April 26, 2024, my proprietary Canadian Cannabis Company Index (MCCCI) decreased 2.1% compared to the prior week when it decreased 4.0%. The index consists of 14 stocks, many of which are among the most widely held holdings of the 3 ETFs (MJ, CNBS, and THCX) that I consider […]
