Author Archive: Jeremy Parkinson
USDCAD Daily Analysis – Friday, Sept. 21
USDCAD broke below 1.2887 support and extended its downside movement from 1.3226 to as low as 1.2884. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Near-term resistance is at 1.2950, as long as this level holds, the downtrend will continue.
Danske Bank Scandal Could Cost Denmark Its ‘AAA’ Rating
Denmark has for decades maintained a reputation as one of Europe’s cleanest and most credit-worthy countries. But that reputation now lies in tatters thanks to the widening scandal involving the country’s largest lender, Danske Bank, and allegations that it blithely aided shadowy criminals from the Soviet Union by helping them launder money through Danske’s branch in […]
Electric Vehicle & Battery Metal News (Sept 2018)
The Electric Vehicle Revolution is an undeniable trend that will only grow larger in the near future. There are many ‘moving parts’ that support this important trend – the miners of battery metals, the vehicle manufacturers, the builders of charging networks and adoption by end users. Here are the latest developments in the electric vehicle […]
Starbucks Has Nowhere To Go But Grow
This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer cyclical sector. That cyclicals sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Recreational Vehicles, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing a large-cap […]
Bitcoin Daily Forecast – Friday, Sept. 21
Bitcoin did very little during the day on Thursday again, as we continue to grind sideways in a very tight range. I think that the market will continue to sell off rallies at this point, because quite frankly we just don’t have enough interest in the market as the market continues to shrug off the […]
Gold And Gold Stocks – Small Rays Of Light In The Vale Of Tears
A Rebound Gets Underway – Will It Have Legs? Ever since the gold indexes have broken below the shelf of support that has held them aloft since late 2016 (around 165-170 points in the HUI Index), the sector was not much to write home about, to put it mildly. Precious metals stocks will continue to […]
EUR/USD Getting A Bit Of Altitude Sickness
The EUR/USD is trading near 1.1800, holding onto high ground. Markets are calm about trade and ignoring other concerns. The technical charts show the pair is flirting with overbought conditions. The EUR/USD is trading just below 1.1800, holding onto the gains it enjoyed on Thursday. A risk-on atmosphere dominates financial markets. The US announced a 10% tariff […]
Indian Indices Trade Strong; Yes Bank Tanks 20%
After opening the day in green share markets in India are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the and stocks in the witnessing maximum buying interest. The BSE Sensex is trading up by 204 points (up 0.6%) and the NSE Nifty is trading up by […]
Americans Are Least Concerned About Economy Since 1991
In this article, we will present two countervailing arguments which suggest the bull market has room to run and that it’s almost over. We aren’t going to solve where stocks are going in this article, but along the way we can make important points which add to your worldview when approaching the market. Most People […]
The Stock Market Has Been Exceptionally Strong This September. What’s Next For Q4 2018?
From a seasonality perspective, the U.S. stock market is weakest in September. However, the U.S. stock market has been exceptionally strong this September despite starting with some short term weakness. In other words, it has completely ignored “sell in May and go away” from May – September this year. When the market ignores bearish seasonality, forward […]
