October 2018 - Page 160 of 262 -

Bitcoin Daily Forecast – Friday, Oct. 12

Oct 12, 2018 Jeremy Parkinson Finance 0

Bitcoin markets sold off rather drastically during the trading session on Wednesday, breaking the back of the hammer from the previous session and the $6500 level. By breaking through the hammer that had formed to the downside, we ended up forming a “hanging man”, showing signs of real negativity. We lost 5% during the day, […]

‘We’re (Still) Not Winning!’ China Logs Another Record Surplus With The US Ahead Of Tariff Bite

Oct 12, 2018 Jeremy Parkinson Finance 0

“We’re (still) not winning!!” Last month, when Beijing reported trade data for August, China’s surplus with the U.S. clocked in at $31.1 billion. That’s was a record. It makes no sense to talk about “winning” and “losing” in a trade war because, with the possible exception of Peter Navarro and Donald Trump, everybody knows that nobody “wins” […]

Citigroup Posts Bottom Line Beat With Revenues Missing Estimates

Oct 12, 2018 Jeremy Parkinson Finance, No picture 0

Citigroup reports quarterly earnings of $1.73 per share and revenues of $18.389 billion.

JPMorgan Q3 Net Income Jumps As Taxes Slide; But Sales & Trading, I-Banking Miss

Oct 12, 2018 Jeremy Parkinson Finance 0

JPMorgan officially launched Q3 earnings season with earnings that were generally inline including a solid beat on earnings, despite an unexpected miss in FICC sales and trading and Investment banking, coupled with weakness in home lending as a result of sliding mortgage refi activity. JPM reported total managed revenue of $27.8BN (the sum of $14.1BN […]

Morning Call For Friday, Oct. 12

Oct 12, 2018 Jeremy Parkinson Finance, No picture 0

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +1.11%) this morning are up +1.02% and European stocks are up +0.38% as global equity markets recover from their 2-day rout. JPMorgan Chase is up 1% in pre-market trading to lead bank stocks higher after it reported Q3 adjusted EPS of $2.36, above consensus of $2.26. Strength in […]

WTI Crude Oil And Natural Gas Forecast – Friday, Oct. 12

Oct 12, 2018 Jeremy Parkinson Finance 0

WTI Crude Oil The WTI Crude Oil market gapped lower and below the $73 level to kick off the day, breaking all the way down to the $71 level. The markets have lost roughly 3%, and I think it is probably only a matter time before we find value hunters, but clearly the inventory build […]

Mideast And US Hold On To Only Regional Equity Gains This Year

Oct 12, 2018 Jeremy Parkinson Finance 0

The global selloff in stock markets around the world this week has left equities in the Middle East and the US with the world’s only year-to-date gains for the major regions, based on a set of exchange-traded funds through yesterday’s close (Oct. 11). WisdomTree Middle East Dividend (GULF) remains in the lead with an 8.7% […]

Will Bank Earnings Salvage The Bull Market?

Oct 12, 2018 Jeremy Parkinson Finance, No picture 0

Given the bounce in the stock market yesterday off the lows of the day I think we are poised for a rally but I do not believe that the stock market correction is over.

Market Fever Is Burning Itself Out Ahead Of The Weekend

Oct 12, 2018 Jeremy Parkinson Finance 0

Overview: Equity markets are stabilizing today as Asian and European markets shrug off the failure to get traction in the US yesterday. As everything and nothing was behind the dramatic sell-off in recent days, the same could be said about today’s recovery. Most accounts seem to be emphasizing two developments: a report indicating that despite the […]

Global Stocks Rebound To End Worst Week Since February

Oct 12, 2018 Jeremy Parkinson Finance 0

After a brutal two-day selloff that wiped out trillions in market cap and saw the most aggressive selling pressure in the S&P since the flash crash on Thursday afternoon, prompting some to speculate that the bottom had been hit… … global shares staged a broad recovery on Friday enjoying their best day in nearly a month as […]