November 2018 - Page 49 of 209 -

Morning Call For Wednesday, Nov. 21

Nov 21, 2018 Jeremy Parkinson Finance 0

Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.63%) this morning are up +0.52% and European stocks are up +0.50%. Energy stocks are higher with Jan WTI crude oil (CLF19 +1.95%) up +1.59% after API inventory data late Tuesday showed U.S. crude stockpiles fell -1.55 million bbl last week. Technology stocks are moving higher as well on […]

E Markets: Bounces

Nov 21, 2018 Jeremy Parkinson Finance 0

When bounces are meant to be sold, you know you have entered a bear market or a dead cat. This is the key lesson for 2018 and it changes the paradigm for passive and algorithmic trading systems. The summer mantra of buying-dips has shifted. The long winter for a number of markets is upon us […]

The Battle Continues

Nov 21, 2018 Jeremy Parkinson Finance 0

As much as I hate to say, bitcoin and the other cryptoassets might still be overvalued at these levels. They also might be extremely undervalued though. We have no real way to know for sure. In traditional markets, there are developed methods for understanding what an asset should be worth. As with many things in the […]

A Semblance Of Stability Returns

Nov 21, 2018 Jeremy Parkinson Finance 0

Overview: Yesterday’s frenzy has burnt itself out for the moment. Equities began recovering in Asia after early losses. China, including Hong Kong, Singapore, and Thailand closed higher and European markets are recouping some of yesterday’s decline. The Dow Jones Stoxx is trying to snap a five-day decline and is up a little more than 0.5% near midday. […]

BTC/USD Forex Signal – Wednesday, Nov. 21

Nov 21, 2018 Jeremy Parkinson Finance 0

Yesterday’s signals were not triggered as there was insufficiently bullish price action when $4,137 was reached although it did act as the key support level of the day. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time today. Long Trade Long entry after a bullish price action reversal on the […]

E The Market And Common Sense

Nov 21, 2018 Jeremy Parkinson Finance 0

Common sense may be an uncommon mental state for experienced traders, and for newcomers who jump into the Wall Street game, but without it, players don’t stay in the game. Intellectual definitions of common sense can be found in all the dictionaries, but we are most concerned about is experiential common sense, the ability to sift […]

EURUSD: Euro Bulls Await European Commission’s Decision On Italy’s Draft Budget

Nov 21, 2018 Jeremy Parkinson Finance 0

Summary: On Tuesday the 20th of November, trading on EURUSD closed down. Three bearish movements of 50 pips each were observed during the day. The overall fall amounted to about 1% (from 1.1472 to 1.1359). The fall was facilitated by the overall strengthening of the US currency in response to investors opting to flee from risk […]

China’s Deleveraging Continues

Nov 21, 2018 Jeremy Parkinson Finance 0

We’ve been writing since the beginning of the year that there are two important macro drivers to markets at the moment. These are: China is actively trying to restructure its economy and end its incessant leveraging. A growing issuance of treasury paper, driven by a widening budget deficit and quantitative tightening, is sucking up global liquidity and […]

Does The Market Need A Heimlich Maneuver?

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

For all we know, the panic selling is Wall Street’s way of forcing the Fed’s hand: stop with the rates increases already or Mr. Market expires. Markets everywhere are gagging on something: they’re sagging, crashing, imploding, blowing up, dropping and generally exhibiting signs of distress. Does the market need a Heimlich Maneuver? Is there some way to […]

USDCAD Daily Analysis – Wednesday, Nov. 21

Nov 21, 2018 Jeremy Parkinson Finance, No picture 0

USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317. Further rise is still possible after a minor consolidation and next target would be at 1.3350 area. Support is at 1.3270, a breakdown below this level could bring the price back towards the bottom of the price channel […]