August 2018 - Page 139 of 240 -

Does France’s Economy Need To Be Renewed?

Aug 16, 2018 Jeremy Parkinson Finance 0

That’s the question millions area asking after reading this NYT profile of France’s labor minister, Muriel Pénicaud. The largely positive piece refers to France’s “famously voluminous labor code,” then goes on to tell readers: “The campaign to renew the French economy, one of President Emmanuel Macron’s flagship policies, involves steering toward a Nordic-style labor model known as “flexible security.” […]

What Are Leading Indicators Stating About US Households?

Aug 16, 2018 Jeremy Parkinson Finance 0

Investors wondering about when this expansion will end are missing the point of how bad the 2008 recession was. We discussed this topic in Is 2008 Financial Crisis A Reason To Be Bullish About Future? It has taken 9 years to recover from that disaster and there is still improvement to be had. The NY Fed’s Q2 […]

Commodity Prices May Rise On Hopes For Easing US, China Trade War

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

A wave of selling hit the commodities space yesterday as worries about escalating tensions between the US and Turkey soured investors’ mood across financial markets. Crude oil and gold prices fell alongside the MSCI Emerging Markets stock index – which suffered the largest one-day drop in five months – as well as the broader S&P 500 benchmark. Oil prices’ descent was amplified by EIA inventory […]

Gold Rebounds From 19-Month Low

Aug 16, 2018 Jeremy Parkinson Finance 0

Gold prices dropped for a fourth session yesterday as the dollar strengthened on the back of better-than-expected U.S. economic figures. The Commerce Department reported retail sales increased 0.5% in July. The New York Fed’s manufacturing index came in at 25.6, up from the previous month’s 22.6. Some short covering and some bargain hunting are featured […]

Excellent Profitable Growth At Indonesia’s Biggest Coal Mining Company

Aug 16, 2018 Jeremy Parkinson Finance 0

Background PT Tambang Batubara Bukit Asam (Persero) Tbk is the biggest coal mining company in Indonesia. More than half its annual coal production is supplied to the government for Indonesian domestic coal-fired power plants; the rest is exported. All its mines are in Indonesia, and it has over three billion tonnes of mineable reserves. Business […]

Snapshot Of Expected Future S&P 500 Earnings

Aug 16, 2018 Jeremy Parkinson Finance 0

Every three months, we take a snapshot of the expectations for future earnings in the S&P 500 at approximately the midpoint of the current quarter, shortly after most U.S. firms have announced their previous quarter’s earnings. This time round, we find that the projected future for S&P 500 earnings has softened through the end of […]

An Eye On M1, Cyclicals, And Junk Bonds: What Matters?

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

Rosenberg says “Keep an eye on M1”, others watch Cyclicals, and still others have an eye on junk bonds. All of the monetary aggregates have slowed substantially, and real M1 growth is flagging a 1% stall-speed growth economy once we get passed all the pre-tariff buying activity and fiscal sugar-high that skewed Q2 GDP. pic.twitter.com/Nvxoae76sH […]

AUDUSD Daily Analysis – Thursday, August 16

Aug 16, 2018 Jeremy Parkinson Finance, No picture 0

AUDUSD remains in the downtrend from 0.7453, the bounce from 0.7202 is likely consolidation for the downtrend. As long as 0.7283 resistance holds, the downtrend could be expected to resume and further decline to 0.7100 area is possible after the consolidation. Only a break of 0.7283 resistance could signal completion of the downtrend.

EUR/USD Builds ABC Correction After Completing Wave 3

Aug 16, 2018 Jeremy Parkinson Finance 0

EUR/USD 4 hour Source: Admiral Markets MT5 with MT5SE Add-on EUR/USD motive wave The EUR/USD is building a bullish pullback after a strong bearish momentum, which is probably a wave 3 (blue). The correction could therefore be a corrective wave 4 (blue) pattern as long as the price stays below the 50% Fibonacci level. A break above the 50% […]