October 2018 - Page 92 of 262 -

US Dollar Regains Momentum, Aims To Capitalize On Market Turmoil

Oct 20, 2018 Jeremy Parkinson Finance, No picture 0

US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar erases prior week’s losses after hawkish FOMC meeting minutes Renewed risk aversion reveals USD behaving like a haven asset once again Lingering headwinds warn sentiment may sour further, US Q3 GDP on tap The US Dollar has all but erased losses sustained against the backdrop of the prior week’s market rout. Its rebound […]

This Is The Worst Case Scenario If Investors Dump Saudi Arabia

Oct 20, 2018 Jeremy Parkinson Finance 0

So many Wall Street CEOs and other titans of investing and industry have pulled out of next week’s “Davos in the Desert” conference that even the Ritz-Carlton, owner of the Riyadh venue hosting the conference (as it did last year), has been slammed by human rights groups over its continued support for Crown Prince Mohammad […]

Is All That Glitters Gold?

Oct 20, 2018 Jeremy Parkinson Finance 0

The correction we experienced last week – wherein $2.6 trillion was lost in the global stock market – was due to the velocity of the rate spike that triggered an emerging market and volatility panic (the volatility index VIX doubled from my call) resulting in our market drop. At first, Gold (GLD) didn’t act as if […]

Does The Dollar Have Legs? – Saturday, Oct. 20

Oct 20, 2018 Jeremy Parkinson Finance, No picture 0

The US dollar appreciated against most of the major currencies last week while several of the typically volatile emerging market currencies, like the Turkish lira, South African rand, and Brazilian real appreciated. The US President’s criticism of the Federal Reserve, shared by many noted economists, including Nobel-prize winner Krugman (just doesn’t want Trump to say it), […]

RecessionAlert Weekly Leading Index Update – Saturday, Oct. 20

Oct 20, 2018 Jeremy Parkinson Finance, No picture 0

The latest index reading came in at 13.1, down from the previous week. RecessionAlert launched an alternative to ECRI’s Weekly Leading Index Growth indicator (WLIg). The Weekly Leading Economic Index (WLEI) uses fifty different time series from these categories: Corporate Bond Composite, Treasury Bond Composite, Stock Market Composite, Labor Market Composite, Credit Market Composite. RecessionAlert emphasizes that WLEI […]

Market Clings To Support

Oct 20, 2018 Jeremy Parkinson Finance 0

Over the last couple of weeks, as interest rates surged above 3%, we explored the question of whether something had “just broken” in the market. Did Something Just Break? 10-05-18 Yes, Something Just Broke 10-12-18 This is an important question given the current stance by the Fed appears to be considerably hawkish as noted by […]

EC Are Q3 Earnings Results Really Good?

Oct 20, 2018 Jeremy Parkinson Finance, No picture 0

We get into the heart of the Q3 earnings season this coming week, with more than 600 companies reporting results, including 154 S&P 500 members. With results from almost 17% of the index’s total membership already out, we have a pretty good sense about the quarter thus far. But we will have reached close to […]

USD/CAD Forecast October 22-26 – Will The Canadian Dollar Rise On The Rate Hike

Oct 20, 2018 Jeremy Parkinson Finance 0

Dollar/CAD traded up and down around the 1.3000 level, looking for a new direction in a mixed week for both the US and Canadian dollars. What’s next? The rate decision by the BOC is the primary event of the week for the loonie. Here are the highlights and an updated technical analysis for USD/CAD. The BOC Business […]

Week In Review: Innovent’s Hong Kong IPO: Raising $422 Million At $2 Billion Valuation

Oct 20, 2018 Jeremy Parkinson Finance, No picture 0

Innovent Biologics of Suzhou plans to raise $422 million in its Hong Kong IPO at a $2 billion valuation, according to multiple media reports (see story). The company, formed in 2011, struck a major $1 billion collaboration with Lilly (NYSE: LLY) in 2015. It has a pipeline of 17 candidates (a combination of novel drugs and biosimilars), nine of […]