Author Archive: Jeremy Parkinson
Smucker: Will Next Year Recover 2018’s Market Loss?
This week I’m seeking a prestigious and long-term dividend paying stock from the consumer defensive sector. That defensive sector includes thirteen industries all related to providing those convenient packaged goods we’ve just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & […]
USD/CAD Daily Analysis – Friday, Sept. 28
USD/CAD extended its upside movement from 1.2884 to as high as 1.3081, breaking above 1.3064 resistance. Further rally could be expected after a minor consolidation and next target would be at 1.3200 area. Near term support is at 1.2980, as long as this level holds, the uptrend will continue.
Stocks Outlook – Friday, Sept. 28
The economy and stock market move in the same direction in the medium-long term. Hence, leading economic indicators are also leading indicators for the stock market. First signs of the bull market topping process We’ve recently seen the first signs of U.S. economic deterioration. A bull market’s top is a long process. The economy first shows signs of economic […]
EUR/USD Suffers On Italy And The Fed, Bears In Control
The Italian government approved a deficit of 2.4%, breaching EU rules. A busy day of indicators ends the quarter as the Fed is still heard. The pair is entering oversold conditions, but the bears are in control. The EUR/USD is trading closer to 1.1600, extending the losses seen on Thursday. The Italian government approved a […]
Asian Markets Are Trading Higher After The Japanese Data
Most Asian markets are trading in the green zone on Friday, after Japan’s data on inflation, unemployment, industrial output and retail, and the report that the US will exempt Japan from customs duties 25% on car imports. Japan’s inflation rose 1.3% year-on-year in September Japan’s inflation rose 1.3 percent in September from the same month […]
GBP/USD Bearish Breakout Aims At 1.30 Target
GBPUSD 4 hour Source: Admiral Markets MT5 with MT5 GBPUSD motive wave – Accessed: 28 September 2018 at 6:00 AM GMT The GBP/USD currency pair broke below the support trend line (dotted blue) which seems to indicate the end of the wave 4 (blue) and the start of the wave 5 (blue). A bearish 5 wave (blue) pattern could complete a wave […]
‘We Do Not Think Markets Will Appreciate This’: Italy’s Populists Successfully Blow Up Budget
A deal has been reached by the full government on 2.4% [of GDP]. We are satisfied. It’s the budget for change. That’s a quote from a joint statement issued by League leader Matteo Salvini and Five Star chief Luigi Di Maio and it’s characteristically misleading. Italian assets came under pressure on Thursday when Salvini and Di Maio made […]
US Tariff Levels Now At Emerging Market Levels
The following graph compares average tariff levels across countries. One can take comfort from the fact US tariff rates are historically low. I have two observations: We live in an era of global value chains so that the value added has been chopped up and split across nations. In this context, a tariff of 10% […]
The Case For The Federal Reserve To Revalue Gold To $5000
Mark Valek, partner at Incrementum AG and co-author of the In Gold We Trust Report, comes on SBTV to discuss reasons for holding gold today and the case for the Federal Reserve to revalue US gold holdings to $5,000/oz – an idea proposed by Jim Rickards. We get Mark’s thoughts on how the world will look like with $5,000 gold. […]
Sensex Trades On A Volatile Note; Metal, Realty Stocks Lose Most
After opening the day in green, share markets in India are trading on a volatile note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the pharma sector witnessing maximum buying interest. The BSE Sensex is trading up by 70 points (up 0.2%) and the NSE Nifty is trading […]
