Author Archive: Jeremy Parkinson
Germany’s Industrial Slump Continued In October
Image Source: Pexels There’s still no end in sight to the industrial slump in Germany as industrial production dropped once again in October.The slump continues. German industrial production fell by 1% month-on-month in October from -2.5% MoM in September. On the year, industrial production is down by almost 5%. This is a very weak start to the […]
USD/CAD Rises To Near 1.4040, Tracks US Dollar’s Action Ahead Of US NFP Data
Photo by Michelle Spollen on Unsplash USD/CAD moves higher to near 1.4040 as the US Dollar gains ahead of the US Nonfarm Payrolls data. Investors expect the Fed to cut interest rates by 25 bps in the monetary policy meeting on December 18 The Canadian economy is estimated to have added fresh 25K workers in November. The USD/CAD pair […]
Elliott Wave Technical Analysis: U.S. Dollar/Swiss Franc – Friday, Dec. 6
USDCHF Elliott Wave Analysis – Trading Lounge Day Chart U.S. Dollar/Swiss Franc (USDCHF) Day ChartUSDCHF Elliott Wave Technical Analysis Function: Counter Trend Mode: Corrective Structure: Navy Blue Wave 2 Position: Gray Wave 3 Direction Next Higher Degrees: Navy Blue Wave 3 Details: Navy Blue Wave 1 appears complete; Navy Blue Wave 2 is currently active. Wave Cancel Invalid Level: 0.83737 Analysis OverviewThe USDCHF daily […]
All Eyes On US Employment Report
Image source: Pixabay The Barnier resignation and conciliatory remarks from Marine Le Pen suggest the worst could be over in France, though the market will be wanting to see what President Macron does over the weekend with respect to his new appointment.Video Length: 00:01:06More By This Author:Euro Waiting On French Government Restructuring Yen And Aussie Slide, […]
The Kalecki Profit Equation And The Coming Reversion
Corporations are currently producing the highest level of profitability, as a percentage of GDP, in history. However, understanding corporate profitability involves more than glancing at quarterly earnings reports. At its core, the Kalecki Profit Equation provides a valuable framework, especially when exploring the reasons behind today’s elevated profit margins and what could disrupt them.James Montier discussed the […]
Sensex Today Trades Flat; Nifty Below 24,700
Asian equities tracked a drop in US shares ahead of jobs data that may help shape the direction of the Federal Reserve’s policy path later this month.Equities in Japan, Australia and futures in Hong Kong all fell, taking cues from the downbeat mood on Wall Street.US stocks were lower on Thursday as investors awaited Friday’s […]
Friday’s Jobs Report: Likely Outcome And Why It May Not Stop Fed’s December Rate Cut
Image Source: Pexels Economists are optimistic about a sharp recovery, with consensus estimates pointing to a net gain of 207,500. The labor market has shown resilience in the face of external pressures. Market is pricing in a 74% probability of a quarter-point rate reduction at the Fed’s December meeting. The US labor market is poised […]
FX Daily: Dollar Awaits Incoming US Payrolls Data
Image Source: Unsplash The week culminates in today’s November NFP jobs report. Given expectations of a bounce back after last month’s weather and strike-hit figure of +12k, the market now probably sees less than 200k as a bad number and above 300k as a good number. The data will determine whether one-way positioning long the dollar […]
GBP/CHF Forecast: Stuck In Range
The British pound initially did rally against the Swiss franc, but it has given back a little bit of gains. Part of this could be the fact that the unemployment rate in Switzerland was a little better than anticipated. Not massively so outperformed by a tenth of a percent. But it could also be that […]
Elliott Wave Technical Analysis: Bovespa Index – Friday, Dec. 6
Bovespa Index Elliott Wave Analysis – Trading Lounge Day ChartBovespa Index Elliott Wave Technical Analysis Function: Bullish Trend Mode: Impulsive Structure: Orange Wave 1 Position: Navy Blue Wave 3 Direction Next Higher Degrees: Orange Wave 1 (Initiated) Details: Navy Blue Wave 2 appears complete; Orange Wave 1 of Navy Blue Wave 3 is underway. Analysis OverviewThe Bovespa Index daily chart provides a detailed Elliott […]
