Author Archive: Jeremy Parkinson
AUDUSD Daily Analysis – Tuesday, Sept. 18
AUDUSD moved sideways in a trading range between 0.7141 and 0.7235. Near-term support is at 0.7141, a breakdown below this level could trigger another fall towards 0.7100. Resistance is at 0.7235, a breakout of this level could take the price to 0.7300 area.
Sensex Opens Flat; Bank Of Baroda Collapses 10% On Merger Announcement
Asian share markets are lower today after the US escalated the trade war with China imposing tariffs on about $200 billion worth of Chinese imports. The Nikkei 225 is off 1.1% while the Hang Seng is down 0.8%. The Shanghai Composite is trading down by 0.1%. Overnight, US stocks closed lower. S&P 500 fell 0.6% to 2,888. Back home, India share markets have opened […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, Sept. 18
S&P 500 The S&P 500 fell a bit during the trading session on Monday, drifting down towards the 2900 level. However, I see the 20 EMA underneath offering a little bit of support, while we also have an uptrend line underneath as well. I believe that the market has plenty of uptrend lines underneath as […]
E Market Briefing For Tuesday, Sept. 18
Market ‘fragility’ anticipated for September’s second half unfolds, while it is pretty clear what happens next relies initially on trade negotiations (or lack of), and then Midterm Elections. That, aside what it portends for Pres. Trump, may have lots to do with the perception of future trade policies and actually whether or not the reform and trend of lower regulation […]
Soft August Retail Sales A Temporary Hitch? 5 Stocks To Buy
U.S. retail sales showed continued rise going into August but the rate of growth fairly moderated, as bargain hunters took a breather after an extravagant July. As Americans refrained from splurging on automobiles and apparel, retail sales showed a slight uptick in six months. Analysts also cited high gasoline prices as one of the prominent […]
Silver Could Go Lower
There is a corner on silver, but if you study the charts, silver cannot avoid going lower on the very short term. On this chart of silver since 1994, I drew the resistance that blocked every upper spike before 2006. The resistance had been broken in January 2006. There had been a pull-back 5 months […]
Some Levelheaded Comments On The CoT Reports For Gold
(Audio length 00:11:24) Richard Postma joins me today to address all the bullish comments around gold due to the CoT reports. It is true that the speculators are net short but the net position is so close to zero that the comments of a massive short covering run are not valid. We also discuss the […]
Optimism Doesn’t Match Economic Growth
In this article, we will be showing various data points from different perspectives. We like to give you all the information to make the best possible decisions. The goal isn’t to push any narrative, political agenda, nor market perspective. The value provided is helping you understand the details behind various economic reports and indicators. The […]
Is This Just The Calm Before The Storm?
Florence, now a tropical depression, made landfall in North Carolina on Friday, bringing with it destruction and calamity, the cost of which could top $170 billion, according to analytics firm CoreLogic. If so, that would make it the costliest storm ever to hit the U.S. To date, 2005’s Hurricane Katrina holds the top spot, costing […]
Crypto Tumbles As Mysterious $720 Million Bitcoin Wallet Wakes Up And Starts Dumping Coins
Cryptocurrencies are down hard once again since Friday’s ‘close’ amid little to no news-based catalysts… Some have argued, as first reported by CryptoCoinsNews (CCN), a crypto wallet containing $720 million worth of Bitcoin and an unknown owner have woken up after four years of hibernation, with more than $100 million moved to Bitfinex and Binance over the last several […]
