March 2017 - Page 29 of 111 -

US Dollar Gains As FOMC Nears, Pound Drops On Brexit Fears

Mar 14, 2017 Jeremy Parkinson Finance 0

The US Dollar continued to edge higher as prices retrace losses suffered after last week’s jobs data release. Traders appeared to read that report as just supportive enough to sustain the now status-quo call for a rate hike at this week’s FOMC meeting. It did not advance the case for a steeper tightening path thereafter however, which perhaps […]

FTSE Elliott Wave View: Extending Higher

Mar 14, 2017 Jeremy Parkinson Finance 0

Short term Elliott wave view in FTSE suggests that the instrument is showing a 5 swing sequence from 2/1 low (7087.67) favoring more upside. From 2/1 low, the Index is rallying as a double three Elliott wave structure where Minute wave ((w)) ended at 7329.56 and Minute wave ((x)) ended at 7192.45. The Index has since broken above 7329.56, suggesting that […]

The “Petrodollar” Is Irrelevant

Mar 14, 2017 Jeremy Parkinson Finance 0

A recent article posted at Casey Research trumpets the view that the petrodollar system is on its last legs and that when it dies — quite possibly in 2017 — it will be a massively disruptive event for the US economy and the financial world, leading to an explosion in the gold price. The reality is that […]

USD Into FOMC: Expect A Hawkish Signal But All About The Dots – BofA Merrill

Mar 14, 2017 Jeremy Parkinson Finance 0

The Federal Reserve convenes and is set to raise interest rates. But what comes afterward? The team at Bank of America Merrill Lynch weighs in: Here is their view, courtesy of eFXnews: Fed speakers have already sent a strong signal that the Fed intends to hike this week, notes Bank of America Merrill Lynch FX Strategy. […]

GBP/USD Wave-4 Retracement In 38.2-50% Fibonacci Zone

Mar 14, 2017 Jeremy Parkinson Finance 0

GBP/USD 4 hour The GBP/USD is building a larger bullish retracement within a downtrend. The Fibonacci levels of wave 4 (blue) are potential resistance zones for a bearish turn. 1 hour The GBP/USD could expand the correction within wave 4 (blue) via a WXY (orange) unless price breaks below the support (blue/green) which could trigger […]

Beware The Bearish Rising Wedge

Mar 14, 2017 Jeremy Parkinson Finance 0

In this report, I would like to show you a chart pattern that seems to be showing up in a lot of different area’s of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases hadn’t broken down yet. The […]

E Now Is The Best Time To Be Heavily Long U.S. Stocks

Mar 14, 2017 Jeremy Parkinson Finance 0

Like January 1995, this is one of those rare moments when the S&P 500 is on a cusp of a massive rally. And by massive, I mean 20%, 30%, etc. Here’s my rebuttal to all the doomsayers who think that the S&P will fall at least 10%. VIX being compressed doesn’t mean anything. Some banks […]

Small-Caps Sharply Underperform S&P As EPS Downgrade Concerns Grow

Mar 14, 2017 Jeremy Parkinson Finance 0

As discussed over the weekend, despite the seemingly endless retail euphoria which has plowed a record amount of cash YTD into broad market ETFs, the latest CFTC data showed that for the first time since the election speculators turned net negative on the Russell 2000 after hitting an all time high as recently as December. […]

IPO Review: Snapchat (SNAP)

Mar 14, 2017 Jeremy Parkinson Finance 0

All the kids are raving about Snapchat (SNAP) and so were investors in advance of the company’s IPO which occurred earlier this month. For those who are unfamiliar with Snapchat, it is a mobile app that allows you to send videos and pictures, both of which will self destruct after a few seconds of a […]

Asian Markets Follow Wall Street’s Mixed Performance

Mar 14, 2017 Jeremy Parkinson Finance 0

U.S. stocks traded relatively flat on Monday and Asian stocks seemed to echo the sentiment on Tuesday. The S&P traded in its tightest range so far this year on Monday, as traders sat to the side while waiting for the Federal Reserve to being its two-day policy meeting today. Approximately 6.18 billion shares changed hands […]