Author Archive: Jeremy Parkinson
The Rise In The Dollar Index Is Putting Pressure On Stock Indices
Image Source: Pixabay At Monday’s close, the Dow Jones Index (US30) was down 0.80%. The S&P 500 Index (US500) was down 0.18%. The Nasdaq Technology Index (US100) closed positive 0.18%. On Monday, the Dollar Index approached levels not seen since early August as hopes of a near-term interest rate cut by the Federal Reserve wane. Strong US […]
EURUSD Caught In A Sideways Pattern: What’s Next?
The EURUSD pair has entered a consolidation phase, trading sideways within a narrow range between 1.0810 and 1.0871. This sideways movement has caught the attention of forex traders, who are now closely watching for signs of the next directional move.Currently, the key level to watch is the resistance at 1.0871. As long as the price […]
Unlocking ASX Trading Success: Coles Group Limited
ASX: COLES GROUP LIMITED (COL) Elliott Wave Technical Analysis – TradingLoungeIntroductionOur Elliott Wave analysis today updates the Australian Stock Exchange (ASX) with COLES GROUP LIMITED (COL). We anticipate a potential short-term rally for COL, followed by a pullback to lower levels.ASX: COLES GROUP LIMITED (COL) Elliott Wave Technical Analysis – 1D Chart (Semilog Scale) Function: Major trend […]
Ethereum Price Dips Again: Will Bulls Step In To Protect The Trend?
Ethereum price struggled to continue higher above the $2,750 resistance. ETH started a downside correction and traded below the $2,680 support. Ethereum started a downside correction below the $2,680 support. The price is trading below $2,650 and the 100-hourly Simple Moving Average. There was a break below a key bullish trend line with support near […]
Gold Forecast: Upward Momentum Despite Pullback
Gold initially rallied during the trading session on Monday, but then gave back the gains to show signs of hesitation. At this point, I think the market just got a little further out over its skis than it should have. Now we’ve got a little bit of profit taking going on. Short-term pullbacks will almost […]
3M Q3 Earnings Report Today: Will It Boost MMM Stock?
Image Source: Unsplash Analysts are projecting 3M’s earnings per share at $1.90. Mixed performance among peers suggests that 3M could face similar challenges. 3M has a history of surpassing earnings expectations. 3M (NYSE: MMM), the diversified industrial giant known for its wide range of products, including adhesives and personal protective equipment, is set to release […]
Metal Markets Report For Monday, Oct 21
Image Source: PixabayIn this video, Ira Epstein reviews the day’s trading in the gold and other relevant metal markets.Video Length: 00:10:01More By This Author:SPDR ETF Report For Monday, Oct 21Financial Markets Report For Monday, Oct 21Metal Markets Report For Thursday, Oct 17
3 Imminent Breakouts Gold Investors Should Not Miss
Image Source: UnsplashGold and Silver broke out again late last week. Gold closed above $2700 last Thursday, and Silver followed Gold’s breakout with one of its own. Last Friday, Silver closed above $33, surpassing resistance at $32.50, which had held Silver since the middle of May. The breakout from a rough inverted head-and-shoulders continuation pattern projects to a […]
The Commodities Feed: Middle East Uncertainty Lingers
Image Source: Pixabay Energy – Geopolitical risks linger Oil markets strengthened yesterday with ICE Brent settling almost 1.7% higher on the day. Lingering tension in the Middle East continues to provide support as the market awaits Israel’s response to Iran’s recent attack. In addition, a Hezbollah drone strike near the Israeli Prime Minister’s private residence will […]
Is The BRICS Bank A Rival To The IMF And The World Bank?
Image Source: PixabayBRICS, an acronym that keeps popping up in public debate. The BRICS is first and foremost an organization created by several countries with the aim of accelerating the transition to a multipolar world. A world that opposes the international structure that has prevailed for decades. A world that rejects the use of unilateral economic […]
