Author Archive: Jeremy Parkinson
Disney Continues Path Via Future Growth Initiatives
Disney’s Growth and Future Initiatives: Disney (DIS) delivered solid Q3 FY2018 quarterly results as the company continues to be focused on future initiatives such as acquiring Twenty-First Century Fox assets and a major push into streaming with a majority stake in Hulu (60% ownership), ESPN Plus launch earlier this year and direct to consumer Disney […]
USDCAD: Triggers Correction With Eyes 1.3100 Psycho Level
The USDCAD pair looks to weaken further after triggering a correction on Thursday. Support stands at the 1.3100 level where a break will aim at the 1.3050 level. Further down, support comes in at the 1.3000 level where a turn lower may occur. But if further weakness is triggered support comes in at the 1.2950 […]
Stocks Outlook – Friday, Sept. 7
Thoughts Corporate Insiders are dumping stocks. Here’s why you shouldn’t worry about this. Citigroup’s Panic/Euphoria Model continues to register “euphoria”. Watch out in 2019. Initial Claims are still trending lower. A medium-long term bullish sign for the stock market and economy. Continued Claims are still trending lower. A medium-long term bullish sign for the stock […]
Gold Miners Setting Up For Big Rally
The recent rally attempt of the gold stocks fizzled out as the December 2016 lows failed to hold. Now the miners are making new lows. As they pine for the next support they figure to be even more oversold as more bulls throw in the towel. These are the conditions needed to engender a significant […]
EUR/USD Decision Zone At 61.8% Fibonacci Support
EUR/USD 4 hour Source: Admiral Markets MT5 with MT5 EUR/USD motive wave – 7 September 2018 at 4:00 AM GMT The EUR/USD seems to be building a bullish ABC zigzag (purple). The price will need to break above the resistance trend line (red) before it can confirm the wave C pattern, whereas a break below the support trend line […]
Goldman Sachs: 3 Stellar Hedge Fund Stocks
Goldman Sachs released a very valuable report setting out hedge funds’ favorite stocks right now. This is based on just-released SEC forms filed by the funds setting out their second quarter trades. “From an implementation standpoint, the hedge fund VIP list represents a tool for investors seeking to ‘follow the smart money’ based on 13F […]
EUR/USD Awaits The NFP, Tariffs, Under Downtrend Resistance
The EUR/USD is ticking up ahead of the US Non-Farm Payrolls. Markets also await potential new US tariffs on China. The technical picture is slightly bullish for the pair. The EUR/USD is trading higher, rising within the 1.1600 handle. The US Dollar is slightly weaker on Friday. The deadline for public comments on potential new US tariffs […]
Gold Prices May Resume Decline On US Jobs Report
Gold prices managed a second day of corrective gains after Tuesday’s sell-off. The lion’s share of intraday gains evaporated as renewed risk aversion buoyed the US Dollar however, sapping the appeal of the perennially anti-fiat yellow metal. Risk aversion sank crude oil prices however. Investors’ mood soured amid continued worries about instability in emerging market assets as Fed tightening drives […]
AUDUSD Daily Analysis – Friday, Sept. 7
AUDUSD continued its sideways movement in a trading range between 0.7144 and 0.7235. A breakdown below 0.7144 support could trigger another downside movement towards 0.7100. On the upside, a breakout of 0.7235 resistance could bring the price back to 0.7300 area.
Indian Indices Trade On A Negative Note; Banking And Pharma Stocks Witness Selling
Asian shares are trading on a negative note today. Asian shares hit a 14-month low on the back of worries that a new round of Sino-US tariffs could come at any moment. The Nikkei 225 is down 1.1% while the Hang Seng is down 0.8%. The Shanghai Composite is trading down by 0.1%. Back home, India share […]
