August 2018 - Page 138 of 240 -

Australia Unemployment Rate Hit 6-Year Low

Aug 16, 2018 Jeremy Parkinson Finance 0

With Australia’s job market edging towards full employment, Short GBP/AUD? Australia’s jobless rate fell to a 6-year low, pushing the economy towards full employment level which the central bank is targeting. The unemployment rate came in at 5.3% versus 5.4% in June. This was partly due to a declining participation rate which fell to 65.5%, […]

Above The 40 – A Still Shaky But Now Stretched Stock Market

Aug 16, 2018 Jeremy Parkinson Finance 0

AT40 = 47.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 53.0% of stocks are trading above their respective 200DMAsVIX = 14.6Short-term Trading Call: neutral Commentary I typically consider the market stretched to the downside when AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), drops below 20%. However, the […]

BTC/USD Forex Signal – Thursday, August 16

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken from 8am London time to 5pm Tokyo time, during the next 24-hour period only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the […]

USDCAD Daily Analysis – Thursday, August 16

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

USDCAD’s upside movement from 1.2961 extended to as high as 1.3174. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3250 area. Key support is at 1.3050, only a breakdown below this level could signal […]

EURUSD: Technical Setup On The Euro Favors The Bears

Aug 16, 2018 Jeremy Parkinson Finance 0

Previous: On Wednesday the 15th of August, trading on the euro closed slightly up. On the back of some partial profit-taking following the pair’s recent collapse, the pair has now recovered from 1.1301 to 1.1345. The Turkish lira has stabilized at around 6 lira to the US dollar, which, along with the downwards correction on the […]

Sensex Trims Losses; Rupee Devalues To Record Low

Aug 16, 2018 Jeremy Parkinson Finance 0

Stock markets in India trim losses to turn flat even as the Rupee fell 43 paise to hit a record low of 70.29 against the US dollar as concerns about Turkey’s economic woes spreading to other emerging markets such as India persisted. Losses are largely seen in realty stocks and metal stocks. The BSE Sensex is trading down by 32 points […]

Bitcoin Daily Forecast – Thursday, August 16

Aug 16, 2018 Jeremy Parkinson Finance 0

BTC/USD Bitcoin rallied during the trading session on Wednesday, gaining 8%. This was very impressive as we bounced hard from the $6000 level, an area that I have been paying significant attention to. However, one thing that you should keep in mind when looking at this chart is that it’s in the midst of a […]

Are Commodities Sending Global Macro Message To Investors?

Aug 16, 2018 Jeremy Parkinson Finance 0

Commodities are becoming a hot topic… and an important investing theme. With the US Dollar coming back to life, commodities have pulled back. And that pullback now has the “equal weight” complex in trouble. Below is a chart of the Thomson Reuters Equal Weight Commodity Index. The green shaded area represents a 20-year rising channel (point 1). Within […]

Fire Sale On Chinese Internet Stocks

Aug 16, 2018 Jeremy Parkinson Finance 0

Chinese internet stocks took another hammering for the second straight day Wednesday as one of the nation’s largest companies, Tencent Holdings (TCEHY), reported quarterly results that fell short in some key areas. Tencent closed down 6.7% today and many other Chinese stocks fell as a result. For those that have been waiting for a chance […]

Stocks Outlook – Thursday, August 16

Aug 16, 2018 Jeremy Parkinson Finance 0

Thoughts Fears of Turkish “contagion” are overblown Dr. Copper is not sending a bearish sign for the stock market and economy. Inflation-adjusted Retail Sales are still trending higher. A medium-long term bullish sign for the stock market and economy. 1 am: Fears of Turkish “contagion” are overblown As you probably already know, Turkey and emerging markets […]