October 2018 - Page 50 of 262 -

AUDUSD Daily Analysis – Friday, Oct. 26

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7159. Deeper decline to test 0.7041 support is still possible and a breakdown below this level could trigger further downside movement to 0.6900 area. Key resistance is at 0.7106, only a break of this level could signal completion […]

Sensex Opens Over 215 Points Down; Yes Bank & NTPC Top Losers

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

Asian stocks are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.4% while the Hang Seng is down 1.1%. The Nikkei 225 is trading down by 0.2%. US stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold […]

Gold Pulls Back As Dollar Gains

Oct 26, 2018 Jeremy Parkinson Finance 0

Gold prices fell $2.65 an ounce on Thursday as the U.S. dollar strengthened ahead of key U.S. economic data. The euro edged lower after European Central Bank President Mario Draghi said interest rates could rise after next summer. World stock markets were mixed to lower yesterday. Asian stocks continued to slide on Friday. Investors are […]

E The Fed’s Shift From Quantitative Easing To Quantitative Tightening Has Increased Long-Term Interest Rates

Oct 26, 2018 Jeremy Parkinson Finance, No picture 0

The following chart was extracted from the October 10th Daily Shot report from the Wall Street Journal. As the chart illustrates, the Federal Reserve shifted into its quantitative tightening (QT) mode last year. At the same time, the ECB began to reduce its purchases of securities in March of 2017, and the complete ending of […]

Google Parent Alphabet’s Shares Plunge After Missing Revenues

Oct 25, 2018 Jeremy Parkinson Finance 0

The entire FANG space is plunging after-hours as AMZN and GOOGL revenues disappointed. Google parent Alphabet’s shares crashed over 7% after hours after missing revenue estimates… Despite reporting Q3 EPS of $13.06 (well above consensus $10.40), the company reported revenues of $27.2 billion, versus expectations of $27.3 billion (excluding acquisition costs). A small miss, but enough to erase the day’s […]

October 2018 Initial Unemployment Claims Rolling Average Unchanged

Oct 25, 2018 Jeremy Parkinson Finance 0

The market expectations for weekly initial unemployment claims (from Econoday) were 208 K to 220 K (consensus 212,000), and the Department of Labor reported 215,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 211,750 (reported last […]

The “Real” Goods On The September Durable Goods Data – Thursday, Oct. 25

Oct 25, 2018 Jeremy Parkinson Finance, No picture 0

This morning, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]

Market Talk – Thursday, Oct. 25

Oct 25, 2018 Jeremy Parkinson Finance 0

Asia woke to the 600 point drop in the Dow and knew it was going to be tough going from the opening bell. The Nikkei probably took the brunt of the punishment falling almost 4%, but what was interesting was that the Yen failed to see the safe-haven bid. The Nikkei is now down over […]

Levels And Plays After Today’s Big Earnings

Oct 25, 2018 Jeremy Parkinson Finance, No picture 0

Video Length: 00:09:14 Major stocks such as AMZN, GOOGL, INTC, CMG, and others reported earnings today and share prices are rapidly moving after the close. In tonight’s video, Corey walks you through key levels, snap-reactions, and what to watch during Friday’s session as it unfolds.