Author Archive: Jeremy Parkinson
From Democracy To Technocracy
During the recent congressional hearings, Sen. Mark Warner (D-VA), the Senate intelligence committee’s vice chairman, said, “The era of the wild west in social media is coming to an end.” Congress, he said, will have to take action. “Where we go from here is an open question.” More hearings are clearly in the offing, and […]
From Synchronized Growth To Renewed Divergence And A Rubicon That Will Be Crossed
Heraclitus, the ancient Greek philosopher of change, is said to have taught that one cannot step in the same river twice. So too it seems that the international political economy is always in a state of flux; becoming, never being. The synchronized global upturn appears to be giving way to renewed divergence. It is hardly surprising […]
EUR/USD Forecast Sept. 10-14 – Draghi Can Trigger A Breakout
EUR/USD traded in a lower range but did not go anywhere too far as a multitude of factors kept it from making significant breakouts. What’s next? The ECB’s rate decision stands out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The Euro enjoyed some optimism on Brexit and […]
Euro Forecast: ECB Meeting Eyed, Even If Policy Is On Preset Course
Fundamental Forecast for EUR/USD: Neutral The Euro finished in the middle of the pack last week, with EUR/JPY, EUR/USD, and EUR/CHF leading to the downside – a sign that risk appetite is deteriorating. Thursday’s ECB meeting should bring little new information as policy was preset for the next year back at the June meeting; a mention of European banks’ exposure to […]
Canada’s Failing Energy Strategy
On July 6, 2013, 47 residents of Lac-Megantic, Quebec died horribly when a 74-car freight train carrying crude oil exploded in a fireball. It was the deadliest freight-train accident in Canadian history. Five bodies were never recovered and were assumed to have simply vaporized. DNA samples were required to identify others. Heat from the inferno was felt […]
E Don’t Cry For Me, Argentina
The dollar fell Thursday because of talks initiated between Britain and Germany to set the terms for British exit from the European Union. The hope of a reasonable outcome boosted both sterling and euro, which are priced against the dollar. Also hurting the Greenback was a nearly 50-year low in applications for unemployment benefits, at […]
Stocks For You To Swing-Trade: MAR NTAP RH
Monday’s Swing-Trades: Take a look at three trading ideas to prep you for the next trading session. Long Marriott Int’l (MAR) Long Netapp (NTAP) Short Restoration Hardware (RH)
Commitment Of Traders; This Week In Futures
Following futures positions of non-commercials are as of September 4, 2018. 10-year note: Currently net short 682.8k, up 152.9k. Bulls and bears went back and forth this week around the 50-day moving average until Friday when the 10-year rate (2.94 percent) rallied six basis points on the back of August’s jobs report. That said, risks of […]
E Market Briefing For Monday, Sept. 10
Whether trade walls suddenly fall or some other relief occurs between now and Midterms, is a certain ‘known-unknown’. However Larry Kudlow’s Friday morning appearance on CNBC did not produce the kind of rebound seen on his last references to ‘trade’, although the down-bounce-falter of that first hour is just what I called for in a pre-opening intraday note. […]
Global Trade Hit By Rare Decline As “Supply Chains Seize Up”
With the Trump administration about to slap tariffs of up to 25% on an additional $200 billion in Chinese goods, new data suggests that the global slowdown has already begun. Confirming our observations from two weeks ago, in which we showed that the latest freight data indicated global trade volumes are slowing… …on Friday that […]
