September 2017 - Page 86 of 108 -

AUDUSD Daily Analysis – Monday, Sept. 4

Sep 04, 2017 Jeremy Parkinson Finance 0

AUDUSD is facing 0.7995 resistance, a break of this level could signal resumption of the uptrend from 0.7807, then next target would be at 0.8050 area. Key support is at 0.7866, only a breakdown below this level could trigger another fall towards 0.7700.

Weekly Forex Forecast – Monday, Sept 4

Sep 04, 2017 Jeremy Parkinson Finance 0

EUR/GBP The EUR/GBP pair broke to a fresh, new high during the week but turned around to form a rather negative candle. By doing so, it looks as if we could pull back from here, perhaps looking for support underneath. I think that the 0.90 level underneath will be that support, so we may get […]

Global Manufacturing Muddling Through

Sep 04, 2017 Jeremy Parkinson Finance 0

The August round of manufacturing PMIs at an aggregate level showed a trend of muddling through. But it was a different type of muddling through whether you were talking about developed economies or emerging markets. Taking a look at the first chart below, the composite emerging markets manufacturing PMI ticked up back to the top […]

Sensex Continues Downtrend; Realty Sector Down 2%

Sep 04, 2017 Jeremy Parkinson Finance 0

After opening the day in red, share markets in India continued the downtrend and are currently trading weak amid fresh missile launch threats from North Korea. Sectoral indices are trading on a negative note with stocks in the realty sector and stocks in the IT sector leading the losses. The BSE Sensex is trading down by 235 points (down 0.7%), and the NSE Nifty is […]

USD Under Pressure As August NFP Misses Expectations

Sep 04, 2017 Jeremy Parkinson Finance 0

The Nonfarm payrolls jobs report left investors disappointed, and the greenback under further pressure, as the United States economy created just 156,000 jobs in August while the official US unemployment rate moved higher to 4.4%. Financial markets had been expecting US payrolls to grow by 180,000 in August, and the US unemployment rate to continue […]

EUR/USD: Euro Rising On The Back Of A Retreat To Safe Havens

Sep 04, 2017 Jeremy Parkinson Finance 0

Previous: On Friday the 1st of September, trading on the euro/dollar pair closed slightly up. Volatility increased after the US jobs report was published. 156,000 new jobs were added in the US outside the agricultural sector in August against a forecast of 180,000. The value for June was revised from 231,000 to 210,000 and for July […]

U.S. Concrete: A Missed Opportunity

Sep 04, 2017 Jeremy Parkinson Finance 0

When I described U.S. Concrete (USCR) as a strong play on the U.S. economy, I noted I would wait for a dip in the stock before picking a spot to buy. That opportunity came a lot faster than I expected as USCR dipped down on rising volume to the top of its previous trading range. The […]

Moral Outrage Over Low Wages: Canada Joins Trump With Threats Of Walking Out On NAFTA

Sep 04, 2017 Jeremy Parkinson Finance 0

The threat of total abandonment of NAFTA took on a second front today as Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labor standards. Please consider Sharp Differences Over Labor Surface at NAFTA Talks in Mexico. Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts […]

Gold Pops, Stocks Drop As Futures Open After Korean Chaos

Sep 04, 2017 Jeremy Parkinson Finance 0

In an echo of last week’s move following North Korea’s testing of missiles across Japan’s territory, futures markets are opening in a decidedly risk-off manner following North Korea’s “hydrogen bomb” test. Dow Futs down 100 points, Gold jumping and Treasury bonds bid… All major US equity indices are down… Gold is back above $1340… USDJPY broke […]