March 2018 - Page 118 of 295 -

Washington Post Warns China May End Currency Manipulation In Retaliation Against Trump’s Tariffs

Mar 20, 2018 Jeremy Parkinson Finance 0

Yes, things could really nasty. In discussing the ways in which China might retaliate against tariffs, the Post told readers: “China is also the largest foreign holder of U.S. government debt. It holds $1.17 trillion of U.S. Treasury securities, down about $33.5 billion since last August. The U.S. government faces huge borrowing needs, not only to finance new […]

GBP/USD Bullish Third Wave Breaks Above Key Resistance

Mar 20, 2018 Jeremy Parkinson Finance 0

GBP/USD 4 hour The GBP/USD made a critical bullish breakout above the key resistance (red) trend line, which could spark the continuation of wave 5 (blue) within wave C (purple). Price is now building a series of higher highs and lows, which is confirming the uptrend. 1 hour The GBP/USD breakout is probably a wave […]

DXY Index Coiling Ahead Of FOMC Meeting Tomorrow

Mar 20, 2018 Jeremy Parkinson Finance 0

Video Length: 00:06:31 After what proved to be a volatile January and February, March has been anything but, for the US Dollar. Since the DXY Index set the daily bearish key reversal on March 1, price action has been contained between 89.43 and 90.38 over the past nearly three weeks. Now that we’re within the […]

Cable Waits On FOMC & BoE

Mar 20, 2018 Jeremy Parkinson Finance 0

An important week of fundamental data for the British pound kicked off with some Brexit news, and the outline of what is likely to happen during the transition period before the UK’s exit from the European Union. This announcement was enough to send the British pound sharply higher, and whilst today’s below forecast inflation data, […]

US Q1 GDP Growth Expected To Match Q4’s Modest Gain

Mar 20, 2018 Jeremy Parkinson Finance 0

US economic growth in the first quarter will match the modest pace reported in last year’s Q4, according to estimates compiled by The Capital Spectator. The median Q1 forecast points to a 2.5% increase in output, the gain reported for 2017’s final three months, according to the Bureau of Economic Analysis. The median 2.5% estimate for […]

Is The Nasdaq Market Ride Over? Watch Those Divergences

Mar 20, 2018 Jeremy Parkinson Finance 0

The latest leg higher in the bull market (off the 2016 lows) has been lead by the Technology sector and Nasdaq Composite. FANG stocks (Facebook, Amazon, Netflix, Google) have given the Nasdaq an extra burst of momentum, helping to create a self-fulfilling ride higher… but that’s also given rise to the everyday investor idea that the ride will last […]

WTI W-Shape Twin Bottom Pattern Suggests Further Upside

Mar 20, 2018 Jeremy Parkinson Finance 0

Source: Admiral Markets MT5 with MT5SE Add-on The WTI has formed a W-Shape Twin Bottom suggesting bullish pressure. The price has made a bullish pinbar straight off W L3 support which creates a POC zone. In the case of a retracement, the POC should provide another bounce. If we see a strong 1h momentum above W H3 (or […]

Sensex Ends Higher; Tata Steel & Sun Pharma Top Gainers

Mar 20, 2018 Jeremy Parkinson Finance 0

Indian share markets ended higher after a choppy session. At the closing bell, the BSE Sensex finished higher by 74 points. While, the NSE Nifty finished higher by 30 points. Meanwhile, the S&P BSE Midcap Index ended up by 0.2% while S&P BSE Small Cap Index ended down by 0.2%. Sectoral indices ended the day on a mixed note with information technology stocks and automobile stocks leading the […]

Above The 40 – A Sharp Edge Cuts A Churning Stock Market

Mar 20, 2018 Jeremy Parkinson Finance 0

AT40 = 42.9% of stocks are trading above their respective 40-day moving averages (DMAs) (traded as low as 37.6%)AT200 = 47.9% of stocks are trading above their respective 200DMAsVIX = 19.0 (traded as high as 21.9)Short-term Trading Call: neutral Commentary In my last Above the 40 post, I described how the stock market stumbled its way to the sharp […]

Stock Charts Today – Tuesday, March 20

Mar 20, 2018 Jeremy Parkinson Finance 0

I review the internet stocks GOOGL and FB as they are beginning to show bearish stock charts. My technical analysis of the GDX is quite bullish for gold and the gold stocks but bearish for the US Dollar. LULU is near a major bullish breakout. Video Length: 00:06:54