Author Archive: Jeremy Parkinson
Understanding The Anger Over Healthcare In One Picture
Healthcare costs have soared. Obamacare failed to live up to its promises. And my lead image dramatically understates the problems with costs.Data from the BLS, chart by Mish Changes Since 1983 CPI: 208 percent Medical Care Services: 505 percent Hospital Services: 975 percent Medical Care Commodities: 308 Percent Changes Since Obamacare Started CPI: 41.28 percent […]
USD/CAD Outlook: Loonie Surges Amid BoC’s Cautious Tone
The USD/CAD outlook shows a stronger loonie after Wednesday’s Bank of Canada policy meeting, where policymakers struck a slightly cautious tone. Meanwhile, the dollar was fragile as US inflation figures supported bets for a December Fed rate cut. The Bank of Canada cut rates by 50-bps on Wednesday but shifted to a more hawkish tone that […]
Crude Oil Jumps Back Above $70 As US Inventories Fall To Lowest Level
Oil prices increase for a fourth straight day this week. The EIA report on Wednesday revealed Cushing Crude Supply fell to a seven-year low. The US Dollar Index trades lower as the focus shifts to the European Central Bank interest-rate decision. Crude Oil trades higher for a fourth consecutive day on Thursday, jumping to $70, […]
AUD/USD Rebound Halts At 0.6425 And Keeps The Bearish Trend Intact
The Australian Dollar accelerated its rebound from year-to-date lows following stronger-than-expected Australian employment data seen earlier today. The pair, however, has met resistance at 0.6430. which keeps the broader negative trend intact. Australian employment showed a net increase of 36.6K in November, well above the 25K forecasted by the market and also above the downwardly […]
EUR/USD Forex Signal: Drops Before ECB Decision
Bearish view Sell the EUR/USD pair and a take-profit at 1.0400. Add a stop-loss at 1.0600. Timeline: 1-2 days. Bullish view Buy the EUR/USD pair and set a take-profit at 1.0600. Add a stop-loss at 1.0400. The EUR/USD exchange rate retreated for four consecutive days after the US published strong consumer price index (CPI) data. It also […]
AUD/USD Forecast: Aussie Jumps As Jobs Data Surprises
The AUD/USD forecast made a sharp bullish turn on Thursday after a surprise jump in Australia’s employment. Meanwhile, the greenback dropped after inflation figures met expectations, raising the likelihood of a December Fed rate cut. Data on Thursday revealed that job growth in Australia surged in November. The economy added 35,600 jobs compared to estimates of […]
BTC/USD Forex Signal: Eyes $106K Amid Recovery
Bullish view Buy the BTC/USD pair and set a take-profit at 106,000. Add a stop-loss at 97,000. Timeline: 1-2 days. Bearish view Set a sell-stop at 99,000 and a take-profit at 95,000. Add a stop-loss at 104,000. The BTC/USD pair staged a strong recovery after consolidating in the past few days. It rose to 100,500, a big […]
EUR/USD Under Pressure US Inflation, France, And ECB Rate
Image Source: Pixabay The EUR/USD pair declined to 1.0504 on Thursday, influenced by investor reactions to the latest US inflation data. The November US Consumer Price Index (CPI) showed a rise of 0.3% month-over-month, aligning with forecasts but indicating a slight acceleration from the previous 0.2% increase. This recent uptick has adjusted market expectations significantly, reducing […]
The Bank Of Canada Cut The Rate Again By 0.5%
Image Source: Pexels At the end of Wednesday, the Dow Jones Index (US30) fell by 0.22%. The S&P 500 Index (US500) is up 0.82%. The Nasdaq Technology Index (US100) jumped 1.85% to an all-time high. The US stocks extended early gains, reversing earlier session declines this week as inflation data offered no surprises and bolstered bets […]
CPI Was On The Screws: The Fed Has The Green Light
Yesterday’s CPI report was seemingly the last hurdle for the Fed to cut interest rates. With the CPI index matching Wall Street forecasts, the Fed Funds futures market now implies a 97% chance the Fed will cut rates next Wednesday. The data was OK but elicits fears that the downward price progress has stalled.The CPI […]
