Author Archive: Jeremy Parkinson
Trading The US GDP With EUR/USD
The final release of US GDP is closely watched to see if the robust growth number is confirmed. The Market Impact Tool shows trading opportunities in both upside and downside surprises on this event. The EURUSD moved, on average, 15 pips in the 15 minutes after the data release and 41 pips in the following […]
Nike Shares Down Despite Yesterday’s Strong Earnings
On Tuesday, September 25th, 2018, Nike (NKE) reported their fiscal first-quarter earnings after the market closed for regular trading. Net income came in at a whopping $1.09 billion dollars, easily beating estimates. Profits came in at $0.67 per share also blowing away estimates of $0.62 per share from most analyst expectations. The quarterly revenue, another […]
Checkup Time
Ahead of this afternoon’s FOMC expected rate hike announcement, the major US equity indices are in a bit of a holding pattern awaiting the next potential catalyst. With the pause in the action, we thought it would be a good time to provide an update on where the major US equity indices currently stand. As […]
BTC/USD Forex Signal – Wednesday, Sept. 26
Yesterday’s signals were not triggered, as the bullish price action took place below $6,367. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time, over the next 24-hour period only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of $6,353 […]
5 Stocks To Buy As New Analysts Initiate Coverage
Most investors trust research done by analysts to avoid inefficiencies triggered by lack of information. Thus, when it comes to coverage initiation, analysts naturally play a pivotal role. Coverage initiation by the analyst(s) on a stock usually portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to […]
Three Things To Watch Out In Today’s Fed Decision
At 1800 (GMT), the Fed will release its interest rates decision. The bank is expected to raise interest rates for the third time this year. This will be the eighth interest rates hike since 2015 when the bank started a gradual tightening process. 30 minutes after the rate hike, the Fed chair, Jerome Powell will […]
US Dollar Tests Resistance At Prior Support Ahead Of The Fed
US DOLLAR BOUNCES AHEAD OF THE FED Today at 2 PM ET brings the Federal Reserve’s September rate decision, and the wide expectation is that we’ll be seeing a 25 basis point hike to mark the third such move out of the FOMC in 2018. But a hike today has long been expected, and the Fed […]
Market Fluctuations
My Swing Trading Approach With the FOMC later today, I will take a conservative approach to the trading day before us. If the market cooperates today, I won’t look to add more than one other long position. Indicators Volatility Index (VIX) – Only moved 1.8% and was relatively quiet. Hardly a move out of it despite […]
August 2018 Headline New Home Growth Improves
Written by John Lounsbury and Steven Hansen The headlines say new home sales improved. Median sales prices were lower – and backlog of unsold homes grew. Analyst Opinion of New Home Sales This month the backward revisions were downward. Because of weather and other factors, the rolling averages are the way to view this series. This month was […]
New Home Sales Down Up 3.5% In August
This morning’s release of the August New Home Sales from the Census Bureau came in at 629K, up 3.5% month-over-month from a revised 608K in July. The Investing.com forecast was for 630K. Here is the opening from the report: Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000, according […]
