Author Archive: Jeremy Parkinson
XRP/USD Targets 0.5252 As The Ripple Rally Continues
Ripple is on fire, enjoying a spectacular recovery. There are three levels for the 40% jump, and the move may not be over just yet. What levels should we watch? The Technical Confluence Indicator shows that an initial target is at $0.4817 which is the convergence of the four-hour high, the Bolinger Band 15-Upper, and the 1h-high. However, this […]
Walmart Warns It Will Be Forced To Raise Prices Due To Trade War
One of the reasons why the US economic response to Trump’s trade war with China had been lukewarm at best, is that US consumers had not been subject to any of the inflationary consequences of the escalating tariffs between Washington and Beijing. That, however, is about to change: overnight Walmart issued a warning in a […]
E Markets: Stampede
The running of the bulls in equities grabs headlines overnight with China up 2.5% leading the story. Perhaps the more important story is about the ground underneath as the weaker economic data from flash PMI reports seems at odds with the US growth story. Similarly, the US rate differentials clash with the weaker USD. Nevertheless, […]
Weekend Reading: What’s The Magic “Yield” Number?
An interesting thing has begun to occur in the market which is more a symptom of exuberance than prudence as there seems to be nothing that can derail the market advance to new highs. However, as Doug Kass noted recently in his diary, the ingredients to shock market participants are already in place. Speculative activity […]
Weaker Dollar And Limited Trade War Pushes Copper Price Higher
This week, the US administration escalated its trade fight with China by imposing tariffs worth more than $200 billion. China responded by placing tariffs worth $60 billion. To free traders, this was a bad week because increased tariffs reduces the amount of trade between the two countries. Also, the tariffs will not help the US […]
Morning Call For Friday, Sept. 21
Overnight Markets And News Dec E-mini S&Ps (ESZ18 -0.03%) this morning are little changed, down -0.03%, and European stocks are up +0.65% at a 3-week high. Stock and commodity prices are climbing on optimism the global economic expansion can continue. Mining stocks and raw-material producers are leading gains in the overall market as metals prices climb […]
Rapid Delays Bring A Blessing
For what seems like the first time in forever, crypto prices are on the rise again. There was some excitement on social media yesterday as the SEC took the expected step to delay the decision on a bitcoin backed ETF. The decision to delay is actually coming 10 days ahead of schedule, which moves the entire timeframe forward […]
Sensex Slumps Over 275 Points; Realty And Banking Stocks Witness Selling
After trading on a volatile note throughout the day, share markets in India witnessed selling pressure during the closing hours and ended the day in the red. All sectoral indices traded in red, with stocks in the banking sector and realty sector leading the losses. At the closing bell, the BSE Sensex stood lower by 279 points (down 0.8%) and the NSE Nifty closed down […]
The Mixed Performance Makes It Difficult To Talk About The Dollar
Sometimes the dollar is the key mover, but sometimes, like today, it seems to be the fulcrum, reflecting disparate moves among other currencies. While the euro is at two-month highs, the yen is near two-month lows. The euro is bouncing off two-month lows and the 100-day moving average against sterling. Most emerging market currencies are […]
EURUSD: The Euro Is Close To The Upper Boundary Of The Channel
Previous: On Thursday the 20th of September, trading on the EURUSD pair closed up. The euro bulls broke through the resistance at 1.1725 on the back of a reduced appetite for risk. The single currency recovered to 1.1785 by the end of the US session. Pressure on the greenback increased after the release of GDP data […]
