November 2018 - Page 151 of 209 -

GBPUSD Upside Momentum Halted, Eyes Further Weakness

Nov 08, 2018 Jeremy Parkinson Finance 0

GBPUSD upside momentum halted during Thursday trading session and now looks to weaken further. That leaves immediate support at 1.3050 level. Further down, support comes in at the 1.3000 level where a break will turn focus to the 1.2950 level. Further down, support comes in at the 1.2900 level. Below here will set the stage […]

Stocks Breaking Higher, But Resistance Ahead

Nov 08, 2018 Jeremy Parkinson Finance 0

The U.S. stock market indexes gained 2.1-2.6% on Wednesday, breaking above the short-term consolidation, as investors’ sentiment improved following the U.S. Elections. The S&P 500 index was 11.5% below September the 21st record high of 2,940.91 on last week’s Monday. And now it trades just 4.3% below the all-time high. The Dow Jones Industrial Average gained 2.1% and the Nasdaq […]

Italian Bond Yields Jump After EU Projects Debt Limit Breach

Nov 08, 2018 Jeremy Parkinson Finance 0

Italy’s bond yields jumped and the euro dropped after the EU said the country’s deficit assumptions would breach its 3.0% limit by 2020. In a report released as part of its overview of the European economy, the EU warned Rome’s growth estimates were too optimistic and that the deficit would widen to 2.9% next year, far above […]

For The Good

Nov 08, 2018 Jeremy Parkinson Finance 0

Most of us are aware that the current economic engine isn’t entirely efficient or fair, but it isn’t often that we actually have a chance to do something about it. People who already have wealth have a clear advantage in increasing their wealth, while the worlds poorest often struggle to meet their basic needs and have very […]

Gold Whispers That The US Dollar Is Ahead Of A Leg Down

Nov 08, 2018 Jeremy Parkinson Finance 0

In my last piece on the US dollar and gold (October 21, 2018) I made the following conclusion: “It has to be also noted that the excessive optimism among the speculators trading US dollar index futures is accompanied by extreme pessimism among their fellows trading gold futures. As a result, there is an extremely positive […]

Morning Call For Thursday, Nov. 8

Nov 08, 2018 Jeremy Parkinson Finance 0

Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.34%) this morning are down -0.40% as weakness in technology stocks drags the overall market lower. Qualcomm and Microchip Technology are both down 4% in pre-market trading on concern about a slowdown in future sales. European stocks fell back from a 3-week high and are down -0.13% on […]

The Tailwinds To The Bull Market Have Shifted

Nov 08, 2018 Jeremy Parkinson Finance 0

In last Tuesday’s technical update, I discussed why a rally last week was highly probable from a psychological, technical, fundamental, and seasonal perspective. However, the key message of that discussion was simply: “There remains an ongoing bullish bias which continues to cling to the belief this is ‘just a correction’ in an ongoing bull market. However, […]

Growth Continues To Crush Value This Year For US Equity Factors

Nov 08, 2018 Jeremy Parkinson Finance 0

The sharp swings in the stock market in recent weeks haven’t dented the year-to-date performance edge that’s prevailed for large- and small-cap growth stocks in the US over their value counterparts, based on a set of exchange-traded funds through yesterday’s close (Nov. 7). Large-cap growth still holds the lead for The Capital Spectator’s set of […]

Greenback Marks Time Ahead Of FOMC

Nov 08, 2018 Jeremy Parkinson Finance 0

Overview: The S&P 500’s largest advance in three weeks helped extend the recovery in Asia and European equities. All the equity markets in Asia rallied, led by the Nikkei’s 1.8% gain, except for China, were modest losses were recorded. The MSCI Asia Pacific Index has gained in six of the past seven sessions. In Europe, the Dow […]

BTC/USD Forex Signal – Thursday, Nov. 8

Nov 08, 2018 Jeremy Parkinson Finance, No picture 0

Yesterday’s signals were not triggered, as the low was just slightly off the support level identified at $6,440. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm Tokyo time today, over the next 24-hour period. Long Trades Go long after a bullish price action reversal on the H1 time frame following […]