Author Archive: Jeremy Parkinson
Silver Forecast: Looks For The Bottom
The silver market has exhibited a back-and-forth movement during the Wednesday trading session, maintaining a position just above the critical $24 mark. This price level is not only psychologically significant due to its round figure but also historically important in the trading arena. As the market progresses through the Wednesday session, there is an increased focus on […]
Thoughts For Thursday: Waiting For Santa
Well, there are eighteen days left till Christmas which one supposes should allow enough time for Santa to visit the market and that appears to be just what the market is hoping for. With not strong signal from Fed Chair Powell hinting at the timing of the first rate cut, impetus in the market to […]
3 Technology Mutual Funds For Solid Returns
Image Source: Unsplash Technology mutual funds are ideal for investors seeking long-term growth and impressive returns. Improving industry fundamentals and emerging technologies such as artificial intelligence, machine learning, robotics, and data science are the key catalysts to the sector’s growth.In addition, most funds investing in securities from the technology sector take a growth-oriented approach that focuses […]
Asian Stock: Siam Wellness Group
Company: Siam Wellness Group Public Company LimitedBloomberg ticker: SPA TBMarket cap: US$298mBackground: Siam Wellness Group Public Company Limited is a spa and wellness company. The company operates day spas under its brand Let’s Relax, destination Spas under its brand RarinJinda Wellness Spa, and traditional Thai massage shops under Baan Suan Massage. The company also has a Thai massage school […]
The Bank Of Canada Left The Interest Rate Unchanged
Image source: Pixabay At yesterday’s stock market close, the Dow Jones Index (US30) decreased by 0.19%, while the S&P 500 Index (US500) lost 0.39%. The Nasdaq Technology Index (US100) closed down by 0.58%. The broad market declined yesterday despite economic data out of the US on Wednesday proving dovish for Fed policy. The November US employment change from ADP rose by 103,000, weaker than […]
Gold And Silver Break Through Key Resistances
Gold’s resistance, which prevented any monthly close above $1,995, was breached, with a close at $2,035 on Thursday, November 30: The next day, Friday, December 1, those who had logically positioned themselves “short” at this resistance level, bought back their positions, causing the price to climb to $2,071, the historic high for gold touched 3 […]
All Signs Point To Lower Rates Ahead
Image Source: Pexels Oil prices are down big again. A lot more contango, too. Bond buying remains heavy and while not quite to the bull steepening it’s moving in on that key point. All signs point to lower rates ahead, but isn’t that a good thing? That’s what we’re supposed to believe…Video Length: More By This Author:Big […]
USD/JPY Forecast: Fluctuates Against The Yen On Wednesday
At the end of the day, the US dollar’s trajectory in the forex market is currently at a critical point, influenced by technical indicators and impending economic announcements, specifically the Non-Farm Payroll numbers on Friday. On Wednesday, the US dollar exhibited a slight rally, reinforcing the support level along a significant trendline that analysts have […]
Bitcoin Remains Around $44000, And Ethereum Slides To $2260
Bitcoin chart analysisThe price of Bitcoin was moving in a sideways channel in the $43400-$44300 range yesterday. Today, we see a continuation of that movement and are currently in the middle of the channel. Since we are still holding high, we expect to see a continuation to the bullish side and a break above the […]
Weak German Industrial Production Marks End Of Another Disappointing Week
Image source: Pixabay Another disappointing macro week suggests that the German economy is on track for another quarter of contraction.After a drop in exports and a sharp fall in new orders, it is now the turn of industrial production to disappoint, signaling a very weak start to the fourth quarter. In October, industrial production fell by 0.4% month-on-month, […]
