January 2018 - Page 173 of 192 -

Bitcoin Surges Back Above $16,000 In Abrupt Early Morning Move

Jan 05, 2018 Jeremy Parkinson Finance 0

Bitcoin is on the move on Friday morning, and not a moment too soon for the bulls. It’s been something of an inauspicious start to 2018 for the king of the cryptocurrency universe. Sure, there was the Peter Thiel news, but aside from that, the limelight has belonged to Ripple, whose co-founder Chris Larsen catapulted ahead of Google founders Larry Page […]

Euro-Area Inflation Slows To 1.4% In December

Jan 05, 2018 Jeremy Parkinson Finance 0

Growing economic activities in the Euro-area failed once again to boost weak consumer prices in December. The Euro-area annual inflation rate is expected to slow slightly in the last month of 2017 to 1.4 percent, down from 1.5 percent in November, the Eurostat, the statistical office of the European Union said on Friday. According to the […]

Biotech ETFs Vs Active Funds: Fidelity Biotech Fund Outperforms The IBB

Jan 05, 2018 Jeremy Parkinson Finance 0

Fidelity Biotech Portfolio (FBIOX) Is Beginning to Show Benefits of Active Management The IBB performance is trailing both FBT and XBI. The XBI outperformed in 2017. Current bull market in biotech intact since July 2016. Biotech ETFs have outperformed the S&P last year despite recent weakness but the IBB is barely keeping pace recently. During […]

EC HH EM Vs DM Macro And Markets

Jan 05, 2018 Jeremy Parkinson Finance 0

With the December round of PMI data just released, it’s a good time to take a look at some of the key macro and market metrics for developed vs emerging economies. Aside from the timeliness aspect, there are some very interesting trends underway across both EM and DM, and particularly on the relativities. Before getting into […]

Gold Prices Rise As Dollar Weakness Continues

Jan 05, 2018 Jeremy Parkinson Finance 0

Gold prices ended Thursday’s session up $9.34 an ounce, helped by the weakness in the dollar. XAU/USD initially fell yesterday but bounced up nicely from the anticipated support level at $1305, the confluence of a horizontal support and the bottom of the hourly cloud. The market climbed back above the $1317-$1316 area and ultimately reached […]

Eurozone Inflation At 1.4% As Expected, Core Stuck At 0.9%

Jan 05, 2018 Jeremy Parkinson Finance 0

Euro-zone CPI stands at 1.4% y/y as expected. Core CPI is at 0.9%, lower than 1% expected. The weak core numbers are a headache for the ECB. PPI beat with 0.6%, but it isn’t that important. This is the first release of inflation data, but the final data usually doesn’t deviate from the initial publication. […]

Bitcoin Futures Buyers Move Back In

Jan 05, 2018 Jeremy Parkinson Finance 0

As volume begins to build on the CBOE futures contract following the holiday period, it was the buyers who stepped in yesterday to help drive Bitcoin back over the $15,000 level, with the $15,500 level now fast approaching. For much of Wednesday, Bitcoin futures oscillated around the VPOC, and denoted with the yellow dashed line, […]

Big Difference Between Wanting To And Having To

Jan 05, 2018 Jeremy Parkinson Finance 0

According to the Federal Reserve, US consumers in October added a large $8.3 billion (SA) to their credit card balances. That was the third largest monthly increase since 2007. For some, that’s an indication of risk-taking and therefore recovery-like behavior on the part of American consumers. Given that it’s been this way for some time, […]

The Narrative Of High Debt And Powerful Central Banks

Jan 05, 2018 Jeremy Parkinson Finance 0

In 2017 GDP growth picked up solidifying a global expansion phase that had previously been slow and erratic. The number of countries growing at rates consistent with their potential increased to levels not seen since prior to the global financial crisis. As the expansion gathers pace and, in some cases, becomes long by historical standards, […]

Above The 40 – The S&P 500 Once Again Outstretches The Field

Jan 05, 2018 Jeremy Parkinson Finance 0

AT40 = 65.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.2% of stocks are trading above their respective 200DMAsVIX = 9.2 (was as low as 8.9)Short-term Trading Call: cautiously bullish Commentary The S&P 500 (SPY) burst higher yet again and spent most of the day at or above its upper-Bollinger Band (BB). Technically, […]