September 2018 - Page 112 of 239 -

USDJPY At Major Resistance

Sep 17, 2018 Jeremy Parkinson Finance 0

USDJPY has been trading around 112 and below the Summer highs of approx. 113.20. USDJPY is at a major resistance area right now. Price is not only challenging the important downward sloping trend line resistance from the 2015 highs… …but has also formed an inverted Head and Shoulders pattern with the neckline at 112.20 Resistance […]

The Ingredients Of An “Event”

Sep 17, 2018 Jeremy Parkinson Finance 0

This past week marked the 10th-Anniversary of the collapse of Lehman Brothers. Of course, there were many articles recounting the collapse and laying blame for the “great financial crisis” at their feet. But, as is always the case, an “event” is always the blame for major reversions rather than the actions which created the environment necessary for the crash […]

Instilling Fear In Investors Via Charts

Sep 17, 2018 Jeremy Parkinson Finance 0

In the mid 1990’s famed investor Peter Lynch stated, “Far more money has been lost by investors in preparing for corrections, or anticipating corrections, than has been lost in the corrections themselves.” With this quote in mind it seems a number of investment pundits are once again trying to sell fear regarding the current equity […]

By The Time The Fed Hits Its Goals, The Markets Will Be Crashing

Sep 17, 2018 Jeremy Parkinson Finance, No picture 0

The Powell Fed has set one goal and one goal only for its policy… Hitting the “neutral rate of interest.” The neutral rate of interest is when the Fed has rates equal to the pace of inflation. While this is technically what the Fed is SUPPOSED to be doing, NO Fed (or any other Central Bank for that matter) has […]

Bitcoin Price: Nouriel Roubini Sees A Future, BTC/USD Eyes $6,643

Sep 17, 2018 Jeremy Parkinson Finance 0

Nouriel Roubini, also known as Dr. Doom, warned about the 2008 Global Financial Crisis. He now warns about one coming in 2020 and sees a critical role for Bitcoin. The cryptocurrency will be used by institutional investors as an alternative store of value as trust in other assets will fall. Where next for the BTC/USD? The Technical […]

S&P 500 Above 2,900, But Will Uptrend Continue?

Sep 17, 2018 Jeremy Parkinson Finance 0

The main U.S. stock market indexes were virtually flat on Friday, as investors continued to hesitate following the recent advance. The S&P 500 index has reached the record high of 2,916.50 on August the 29th. It currently trades just 0.4% below that high. The Dow Jones Industrial Average gained 0.03% and the technology Nasdaq Composite lost 0.05% on Friday. […]

Stocks Rebounded Last Week As US Bonds, Commodities Fell

Sep 17, 2018 Jeremy Parkinson Finance 0

US and foreign stock markets firmed up last week, including the recently pummeled slice of emerging-markets equities, based on a set of exchange-traded products. Meanwhile, US investment-grade bonds and broadly defined commodities posted the only setbacks for the major asset classes over the five trading days through Sep. 14. Foreign stocks in developed markets jumped the most […]

Divergence Between Draghi’s Outlook And Actual Data

Sep 17, 2018 Jeremy Parkinson Finance, No picture 0

If both the euro’s CPI and PMI were to surprise to the downside, short EUR/USD? President Draghi reaffirms ‘balanced’ outlook despite cutting growth forecast The European Central Bank (ECB) kept its benchmark interest rates unchanged last Thursday which was widely expected. More importantly, investors are not expecting to see a rate hike anytime soon as […]

Empire State Manufacturing Survey: Activity Continues To Grow In September

Sep 17, 2018 Jeremy Parkinson Finance, No picture 0

This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 19.0 was a decrease of 6.6 from the previous month’s 25.6. The Investing.com forecast was for a reading of 23.2. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]

Turkish Lira Plunges As Ankara Prepares Non-Performing Loan Bailout For Local Banks

Sep 17, 2018 Jeremy Parkinson Finance 0

Two days after the Turkish central bank shocked the market with a whopping 625bps rate hike, which helped the Turkish lira recoup some of its YTD losses, on Monday the Turkish currency suddenly tumbled in thin trading on what some attributed was a Reuters reports that Erdogan has asked authorities to scrutinize the board of […]