September 2018 - Page 173 of 239 -

S&P Futures Bounce As World Stocks Hit By Longest Losing Streak Since Jan 2016

Sep 10, 2018 Jeremy Parkinson Finance 0

It has been a session of two halves in which Emerging markets, Asian stocks and Chinese indexes all slumped in early trading followed by a rebound in European shares led by Italian markets over optimism about Rome’s budget process while US equity futures erased most of Friday’s losses as trade concerns appeared to fade after […]

EUR/USD: Rebound From The Balance Line Likely

Sep 10, 2018 Jeremy Parkinson Finance 0

Previous: Over the course of last week, most of the majors lost ground against the US dollar. The Kiwi dollar dropped by 1.29%, the Aussie by 1.25%, the loonie by 0.95%, the euro by 0.42%, the pound by 0.29%, and the Swiss franc by 0.03%. Fig 1. USD dynamics last week. The single currency dropped […]

The S&P 500 Backs Off Its Record High In Week 2 Of September 2018

Sep 10, 2018 Jeremy Parkinson Finance 0

The S&P 500 (Index: SPX) declined during the second week of September 2018, where the prospects for escalating interest rates in the U.S. and for tariffs to negatively impact the earnings of the S&P 500’s largest component closed the week on a low note. While news related to the increased likelihood of rate hikes continuing longer than had previously been […]

IWM – Risks Elevated Medium Term, Coin Toss Near Term

Sep 10, 2018 Jeremy Parkinson Finance 0

Even though trade tensions, particularly between the US and China, have heated up, small-caps – supposed beneficiaries of a trade war – have stalled of late. Medium term, downside risks are huge. In the very near term, it is a toss-up – kind of range-bound. An iron fly fits the bill. In July, the US […]

As Bitcoin Sinks In The West…

Sep 09, 2018 Jeremy Parkinson Finance, No picture 0

Whatever the merits of the blockchain (the underlying technology for digital “crypto-currencies”), the fact remains that crypto-currencies are not fiat money and they have no endorsement at a nation state level. Consequently, all are vulnerable to a whim of a major nation state which could outlaw them since they can (and have) been used for […]

Gold Prices Vulnerable To Sticky U.S Core CPI, Retail Sales

Sep 09, 2018 Jeremy Parkinson Finance, No picture 0

Fundamental Forecast for Gold: Bearish GOLD TALKING POINTS: Gold struggles to retain the advance from the 2018-low ($1160) as the U.S. Non-Farm Payrolls (NFP) report sparks a bullish reaction in the dollar, and the current environment keeps the precious metal at risk for further losses as the Federal Reserve appears to be on course to implement higher interest […]

China’s Trade Surplus With US Hits Record High As Export Growth Declines

Sep 09, 2018 Jeremy Parkinson Finance, No picture 0

US trade data with China makes it increasingly likely Trump will increase tariffs on China. Bloomberg reports China Trade Outlook Darkens as Trump Threatens Total Tariffs. Trade data for August released Saturday echoed both the cause and effect of the standoff with the U.S. — the surplus with the U.S. rose to a record, while overall […]

Bull Trap Or Bullsh*t

Sep 09, 2018 Jeremy Parkinson Finance, No picture 0

Excluding the performance of the Brazilian stock market which rallied almost 3% for the week, global equities including US equities were down, led by the NASDQ 100 at -2.78 %. A failed assassination attempt of a presidential hopeful seemed to be the catalyst for the move in Brazil, bucking the trend of the global markets. […]

US Ports Fear Tariffs Could Collapse Ship Traffic And Reduce Jobs

Sep 09, 2018 Jeremy Parkinson Finance 0

President Donald Trump has repeatedly told the American people his trade war pitch:“Tariffs are the greatest!” Except they are not — and a new report from the Associated Press (AP) indicates tariffs are stirring uncertainty at many US points of entry for imports. Across the nation, at least 10 percent of imports at many ports could vanish if […]

Markets At Turning Point

Sep 09, 2018 Jeremy Parkinson Finance 0

Several markets could be at significant turning points. The stock market (SPY) is pulling back, and I see the potential for a bull trap top and an intermediate-term decline. If established, that could trigger an accelerated breakdown similar to February if key levels begin to fail. Supporting this breakdown potential is the head and shoulder […]