July 2018 - Page 6 of 10 -

E Taking Stock At The Mid-point Of 2018

Jul 01, 2018 Jeremy Parkinson Finance 0

As we enter the last half of the year, we should take the measure of how the first half of 2018 stacks up against forecasts made in January. Readers may well recall that the major forecasting groups anticipated relatively strong economic growth for 2018. The IMF called for world GDP to grow at 3.9%, 0.2% […]

E The Weekly Track – Dog Days

Jul 01, 2018 Jeremy Parkinson Finance 0

The start of July and the summer heat wave comes between a week that is caught with the US Independence Day holiday and the World Cup. Most investors logically want to go home and cool off, the noisemakers are hard at work. In fact, July will be anything but a vacation for those watching geopolitics. […]

Is The Decline Of Coal A National Security Problem?

Jul 01, 2018 Jeremy Parkinson Finance 0

As the Trump administration seeks to resuscitate the moribund American coal industry, it has decided to invoke “national security” as the justification for a plan to subsidize coal-fired power plants. Three things are notable about the administration’s proposal. First, invoking “national security” has become a favored tool for getting around existing regulations, precedents and the Constitution. […]

USDCAD Weekly Analysis – Sunday, July 1

Jul 01, 2018 Jeremy Parkinson Finance 0

USDCAD broke below 1.3180 support, suggesting that the upside movement from 1.2526 had completed at 1.3385 already. A further decline would likely be seen in a couple of weeks and the next target would be at the 1.2850 area. Below this level it would aim the bottom of the price channel on the daily chart. […]

This Week In Stocks – July 1

Jul 01, 2018 Jeremy Parkinson Finance 0

Our analysis of the S&P 500 is for stocks to continue their move lower. We believe that the SPX is in the declining phase of its current market cycle. It will likely continue this move, with 2670 as as a conservative projection. A break below the 2677 level would be a break below where SPX […]

The Yield Curve Is Already Signaling A Slowdown

Jul 01, 2018 Jeremy Parkinson Finance 0

Throughout this expansion, I have had a sneaking suspicion that the yield curve (the difference in interest rates between short and long term bonds) would be the indicator most likely to fail. Originally that was because we are in a very non-inflationary period similar to that which prevailed between the 1920’s and 1950’s. After 1929, […]

Bitcoin At Crossroads: Flat Price Until The Start Of A New Trend

Jul 01, 2018 Jeremy Parkinson Finance 0

It was exactly 6 months since we caught the near blowoff top in Bitcoin. We did document this in our Bitcoin price forecast of $160,000, and we mentioned that a consolidation of 3-6 months was to be expected. We also caught the top in another article published on Dec 31. So far, Bitcoin has moved exactly in line with […]

AUD/USD Forecast July 2-6 – Aussie Up From The Abyss For Now

Jul 01, 2018 Jeremy Parkinson Finance 0

The Australian dollar hit a 13-month low but managed to end the week off the lows. What’s next? The rate decision and retail sales stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Australian dollar was sensitive to the global mood around trade. It dropped to 13-month lows as fears […]

Tech Stock Focus: Semiconductor Chart Shows Downside

Jul 01, 2018 Jeremy Parkinson Finance 0

The semiconductor stock index SMH has been in a downtrend. You’d think semiconductor stocks should have benefited from Intel’s (Nasdaq:INTC) strong pre-announcement. The decline is likely driven by trade war fears. Tech Stock Focus: SMH ETF Support Level $96 The chart above shows that key action over the last year formed a line of support around $96. The current […]

Forex Weekly Outlook July 2 – 6

Jul 01, 2018 Jeremy Parkinson Finance 0

Trade tensions between the US and other nations continued to hurt market sentiment as the US insisted on additional trade tariffs on imported goods from China, Canada, the European Union, and presently pushing allies to stop the importation of Iranian crude oil by November 4, leading to increased market uncertainty across both emerging and developed […]