January 2018 - Page 87 of 192 -

It’s Over: The Hang Seng’s Record-Breaking Run Snapped On Monday

Jan 15, 2018 Jeremy Parkinson Finance 0

It’s over. Headed into Monday, the Hang Seng had risen for 14 consecutive sessions, the longest string of wins since it was launched in 1969. And it looked like we were going to make it to 15. But alas, it wasn’t meant to be. After rising 1% early, the benchmark erased gains abruptly on the […]

Brent Crude Briefly Breaks $70

Jan 15, 2018 Jeremy Parkinson Finance 0

Brent crude oil prices broke briefly above $70 per barrel on Monday, buoyed by continued production cuts by Russia and OPEC, and despite increased production by the United States and Canada. Last week Canadian energy firms doubled the number of rigs to 185, the highest level in 10 months. The U.S. also added 10 rigs […]

Goldcorp Upgraded To Outperform From Neutral At Credit Suisse

Jan 15, 2018 Jeremy Parkinson Finance 0

Credit Suisse analyst Anita Soni upgraded Goldcorp to Outperform and raised her price target for the shares to $19 from $15.50. The shares closed Friday up 45c, or 3%, to $14.35. Soni sees Goldcorp posting “attractive” growth over the next two years and believes its analyst day on January 16 will serve as a […]

Dollar Tumbles As Euro Soars To 3-Year High; US Markets Closed

Jan 15, 2018 Jeremy Parkinson Finance 0

With US markets closed for holiday, it has been a quiet, low-liquidity European session, with Asia similarly subdued, while continued USD weakness, now in its 4th consecutive day, has been the main focus as Bloomberg’s dollar index approached its lowest level in three years, helping push the euro up to its strongest since 2014. Indeed, […]

The Fascinating Psychology Of Blowoff Tops

Jan 15, 2018 Jeremy Parkinson Finance 0

Central banks have guaranteed a bubble collapse is the only possible output of the system they’ve created. The psychology of blowoff tops in asset bubbles is fascinating: let’s start with the first requirement of a move qualifying as a blowoff top, which is the vast majority of participants deny the move is a blowoff top. Exhibit 1: […]

The ETH/USD Quotes Are In A Sideways Trend. We Are Waiting For A Technical Correction

Jan 15, 2018 Jeremy Parkinson Finance 0

Technical indicators: Market Cap, billion: $128.94 % chg. over the week: +21.6 52 wk range: 201 – 1420 At the moment, the ETH/USD quotations are consolidating after a significant rally from the beginning of this year. The technical pattern is ambiguous. The main cryptocurrency is under pressure. There was information that South Korea plans to […]

Government Shutdown

Jan 15, 2018 Jeremy Parkinson Finance 0

Last week, global stocks continued their surge led by American companies. On Friday, the Dow gained 228 points to end the week at a record $25,803 level. The climb by stocks was attributed to positive results from American banks, Wells Fargo and JP Morgan which beat analyst estimates on revenues and earnings. However, the banks […]

Forex Strength And Comparison Week 3 / 2018

Jan 15, 2018 Jeremy Parkinson Finance 0

In the Currency Strength table, the NZD was the strongest currency while the USD was the weakest. There were some significant changes last week with the JPY gaining 5 points while the CAD lost 4 points. On a week to week basis the NZD and AUD showed a very good performance while the USD and […]

Gold & Gold Stocks Breakout In 2018

Jan 15, 2018 Jeremy Parkinson Finance 0

Gold is setting up for a major breakout in 2018 and the gold stocks and Silver are not far behind. In this video, we analyze 6 different charts and provide the key resistance levels that these markets could test very soon and then later on. (Video length 00:16:39)

Stocks In Qatar Dive Most Since Blockade As U.A.E. Says Fighter Jets Intercepted Airliner

Jan 15, 2018 Jeremy Parkinson Finance 0

If you were under the impression that relations between Qatar and the Saudi-led bloc that cut diplomatic ties with the filthy-rich sheikdom last summer were set to thaw, you might want to rethink that assumption because, on Monday, Qatar fighter jets intercepted a U.A.E. plane on a regular flight to Bahrain’s capital. Or at least according to the U.A.E’s […]