January 2018 - Page 15 of 192 -

EUR/USD, GBP/USD Develop Bearish ABC Corrective Patterns

Jan 29, 2018 Jeremy Parkinson Finance 0

EUR/USD 4 hour The EUR/USD is building a bearish retracement within a potential wave 4 (purple). The Fibonacci levels of wave 4 vs 3 could act as support levels for a continuation within the 3rd wave (pink). A break below the 50% Fib makes a wave 4 less likely. 1 hour The EUR/USD is building a […]

USD/CAD Daily Analysis – Monday, January 29

Jan 29, 2018 Jeremy Parkinson Finance 0

USD/CAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2590. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.2200 area. Near-term resistance is at 1.2390, a break of this level could bring price back […]

If You Thought That Was Crazy: Full Week Ahead Preview

Jan 29, 2018 Jeremy Parkinson Finance 0

If you thought last week was crazy, this week has the potential to be just as manic. Last week began with the government partially shut down in the U.S., a state of affairs that stemmed at least in part from the President undercutting the bipartisan immigration push by calling the whole of Africa a giant […]

The S&P 500 Powers To New Record Highs In Week 4 Of January 2018

Jan 29, 2018 Jeremy Parkinson Finance 0

It was a week that started with 40% of the employees of U.S. government, the nonessential ones, enjoying a long three-day weekend off work, and ended with a bang, where a combination of unexpectedly strong earnings announcements and the confirmation that stock owners will benefit from the passage of the Tax Cuts and Jobs Act […]

The Global Economy And The US Dollar – An Alternative View

Jan 29, 2018 Jeremy Parkinson Finance 0

Every New Year starts with optimism about the global economy. But as Stanley Fischer, then vice chair of the US Federal Reserve, noted back in August 2014: “Year after year we have had to explain from mid-year on why the global growth rate has been lower than predicted as little as two quarters back.” Will 2018 […]

Grantham: The Essence Of Every Bubble Is Wonderful Fundamentals, Euphorically Extrapolated

Jan 29, 2018 Jeremy Parkinson Finance 0

Jeremy Grantham sat down with Consuelo Mack at WealthTrack to expand upon his recent bullish comments about the US markets. However, far from being bullish, the essence of Grantham’s comments were extremely bearish, suggesting investors could expect only a couple of percent real return over the next couple of decades in US equities. The veteran investor […]

Emerging Markets: Week Ahead Preview – Monday, January 29

Jan 29, 2018 Jeremy Parkinson Finance 0

(from my colleague Dr.Win Thin) EM FX closed Friday on a mixed note, but still posted solid gains for the week as a whole. Best performers last week were ZAR, PLN, and CZK while the worst were ARS, PHP, and IDR. The bearish dollar environment remains intact and so we see further gains for EM FX this […]

Indian Indices At Record High; Auto Sector Up 1.9%

Jan 29, 2018 Jeremy Parkinson Finance 0

Stock markets in India have continued their momentum and are presently trading on a positive note. All sectoral indices are trading on a mixed note with stocks in the auto sector and IT sector witnessing maximum buying interest. The BSE Sensex is trading up 344 points (up 1%) and the NSE Nifty is trading up 89 points (up 0.8%). The BSE Mid Cap index is trading […]

XEM/USD Analysis After NEM Theft From Japanese Cryptocurrency Exchange

Jan 29, 2018 Jeremy Parkinson Finance 0

XEM/USD erased all losses after the announcement of hackers stealing $500 million worth of NEM coin. What could you expect next? Wait… What’s Going on? Yet another cryptocurrency exchange was a victim of theft over the weekend, bringing to our attention one of the key issues with the market. On Friday hackers stole over $500 […]

E Market Briefing For Monday, Jan. 29

Jan 29, 2018 Jeremy Parkinson Finance 0

A ‘tactical’ retreat has been resisted for days again; with just a brief shakeout on Davos; the Dollar’s dip; and the 10 Year Treasury’s spike. All these were quickly reversed, as the Indexes moved to higher highs. We are very wary of this nearly-euphoric move by markets; but thought in the face of obvious ‘justification’ […]