September 2018 - Page 189 of 239 -

Jump In Hourly Earnings Is Key To US Jobs, While Canada Adds 40K Full-Time Positions

Sep 07, 2018 Jeremy Parkinson Finance 0

The 201k rise in US non-farm payrolls edged above the median forecasts, but the 50k downward revision to the past two-months removes the gloss. It is the first August report in seven years that the initial estimate was above the Bloomberg median. The most important part of the report was the 0.4% jump in hourly earnings, lifting […]

S&P To Follow Gold’s Path, Questions Joe Friday

Sep 07, 2018 Jeremy Parkinson Finance 0

Is it possible that the S&P could follow the path Gold took 7-years ago this week or will it be “different this time?” Seven years ago this week, Gold had experienced a 9-year rally, taking it to its Fibonacci 261% level based upon the highs and lows at each (1) in the left chart above. Once it […]

Weekend Reading: Fall Back

Sep 07, 2018 Jeremy Parkinson Finance 0

Doug Kass made an interesting observation about the market yesterday: “The month of September started with optimism. That optimism has faded in the last two trading days. The most notable winners (year to date), FANG, have been particularly weak as investors begin to understand (thanks to the Congressional testimony and hearings) that the component companies’ […]

July Jobs Report: 201K New Jobs, Unemployment Rate At 3.9%, BetterThan Forecast

Sep 07, 2018 Jeremy Parkinson Finance, No picture 0

This morning’s employment report for August showed a 201K increase in total nonfarm payrolls, which was better than forecasts. The unemployment rate remained at 3.9%. The Investing.com consensus was for 191K new jobs and the unemployment rate to drop to 3.8%. Here is an excerpt from the Employment Situation Summary released this morning by the Bureau of Labor Statistics: […]

Bitcoin Daily Forecast – Friday, Sept. 7

Sep 07, 2018 Jeremy Parkinson Finance 0

Bitcoin markets have broken down significantly during the trading session again on Thursday, crashing through the $6500 level. It looks very likely to reach towards the $6000 level, as word got out the Goldman Sachs is abandoning the entire idea of trading crypto currency. Because of this, this will probably lead the exodus of Wall […]

Jobs Report Beats And Wage Inflation Is Comin’ In Hot, Folks

Sep 07, 2018 Jeremy Parkinson Finance, No picture 0

This week brought fresh evidence to support the notion that the U.S. economy continues to fire on all cylinders, as gauges of manufacturing and services sector activity came in ahead of expectations. The data continues to support the Fed’s upbeat take on the U.S. economy, although business leaders this week attempted to convince the Trump administration that […]

Gold Prices: China Buys 20% Of Global Gold Mine Output In Five Months

Sep 07, 2018 Jeremy Parkinson Finance 0

Gold Prices Could Be Setting Up to Outperform Other Assets, Just Look at the Buyers If you are worried about daily fluctuations in gold prices and are forgetting the big picture, you could be making a big mistake. This is a bold statement, but don’t be shocked to see gold prices outperforming a lot of […]

Sensex Ends Day In The Green; Auto Stocks Lead Gains

Sep 07, 2018 Jeremy Parkinson Finance, No picture 0

After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day in above the dotted line. Sectoral indices traded mixed, with stocks in the auto sector and stocks in the metal sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 147 points (up 0.4%) and the NSE […]

Deutsche Bank’s Top Investor Selling Its Entire Stake Under Orders From China

Sep 07, 2018 Jeremy Parkinson Finance 0

Deutsche Bank stock slumped, and European bank shares dropped to the lowest level since late 2016 after the WSJ reported that Deutsche Bank’s top investor, HNA Group – one of China’s largest conglomerates – intends to completely exit its stake in the German bank as it reverses a debt-fueled acquisition spree under pressure from Beijing. […]

Traders On The Storm

Sep 07, 2018 Jeremy Parkinson Finance 0

Traders on the storm, traders on the storm. They seemed to be forborne. The money that was thrown, like a dog without a bone. Oil took out on loan. Traders on the storm. After yesterday’s oil market action, it was clear that the last of the Tropical Storm Gordon speculative buyers finally got washed out […]