Author Archive: Jeremy Parkinson
Deadly Dangers Lurk In Natural Gas Distribution Lines
A deadly gas explosion in Massachusetts underscores a hidden danger in the nation’s gas distribution system. We accept a lot of risks in life. In every year since 1946, at least 30,000 people have been killed in car accidents on U.S. highways. In some years, that number exceeded 50,000. Yet we continue to drive, even […]
USD/JPY Reaches Key 88.6% Fibonacci Decision Zone
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5 USD/JPY motive wave – 21 September 2018 at 4:00 AM GMT The USDJPY stayed in the bullish channel and broke above the resistance trend line (dotted orange) and the 78.6% Fibonacci retracement level for a continuation higher. The price is now approaching the next key decision zone, which is the 88.6% Fibonacci retracement level. The USDJPY currency pair will […]
S&P 500 And Nasdaq 100 Forecast – Friday, Sept. 21
S&P 500 The S&P 500 made a fresh, new, high price for the session on Thursday, as we continue to power to the upside. The market looks very likely to continue to attract buyers on dips, just as we have seen over the last several sessions. Ultimately, the 2900 level underneath is going to be […]
EUR/USD Eyes A Happy Friday After Rallying On Thursday
The EUR/USD made a significant move to the upside and consolidated in the upper part of the 1.1700 handle. What’s next? The Technical Confluences Indicator shows that the pair is currently battling the 1.1788 level. This is the convergence of the Pivot Point one-month Resistance 1, the Bolinger Band 4h-Upper, the BB 15m-Upper, the 4h high, and the 1h-high. The next […]
Gold Prices Rise As US Dollar Sinks, Crude Oil Eyes OPEC Meeting
Gold prices managed to secure an upswing as the supportive influence of a weaker US Dollar outweighed headwinds from rising yields. Ebbing haven demand appears to have accounted for the greenback’s weakness. It fell alongside Treasury bonds while stocks surged. Pre-positioning ahead of next week’s FOMC monetary policy announcement (admittedly not of the kind expected) might account […]
AUDUSD Daily Analysis – Friday, Sept. 21
AUDUSD’s upside movement from 0.7085 extended to as high as 0.7294. Further rise is still possible after a minor consolidation and next target would be at 0.7350 area. Near-term support is at 0.7250, only a breakdown below this level could bring the price back to 0.7150 area.
Recent Stock Purchase September 2018
With three weeks of September in the rear-view mirror, it is time, once again, to highlight my recent stock purchase. As market volatility remains the flavor of the day we are being presented with some pretty good buying opportunities if you can stomach these wild up and down swings. Of course, if you have a […]
Thai Stocks Analysis
Regional stocks, including Thai equities, may find it hard to have any meaningful rebounds in price. Uncertainties on US-China trade tension not only weighs on risk assets and encouraged flows into safe-havens, it is also putting Fed’s policy into a difficult position. According to data, Thailand equities outflows are the third largest among major Asia […]
Larger Storage Injection Can’t Stop Natural Gas Rally
The October natural gas contract rallied a bit over 2% again today, selling off initially on a slightly larger than expected storage injection announced by the EIA but very rapidly reversing high and rallying through the middle portion of the day. The November contract again helped lead the way higher, leading to another move lower […]
Housing Slump Continues
The National Association of Realtors (NAR) today picks right up where we left off yesterday. The Census Bureau had reported another month suggesting a rough spot in real estate. More recent housing data isn’t encouraging, either. The lower the unemployment rate goes, the main emphasis of this “boom”, the worse the housing market becomes; not because […]
