Author Archive: Jeremy Parkinson
GBPUSD Is Bouncing From A Major Resistance
One of the best setups at the beginning of the week can be found on GBPUSD. The pair is on the back foot, and the main reasons for that, from the fundamental standpoint, are the weaker PMI number and the new comments from Mr. Barnier regarding Brexit. This comes in line with the technical analysis, […]
WTI Crude Oil And Natural Gas Forecast – Monday, September 3
WTI Crude Oil The WTI Crude Oil market tried to rally during the day on Friday, but then turned around to form a bit of a shooting star. Ultimately, the WTI Crude Oil market probably breaks out to the upside but we are still concerned about US/Canadian conversations, and of course the trade war with […]
EUR/USD Technical Analysis: Potential Scenarios For The Month
In the first two weeks of August, the EUR/USD pair fell to a monthly low of 1.1310. The pair then recovered and reached a high of 1.1733. Today, the pair started by falling and reached an intraday low of 1.1600. This month, the pair’s main driver will be the decision by the Federal Reserve, which […]
Italy’s Populist Leaders Challenge Brussels, Vow Much More Spending
After an initial burst of panic selling in May, Italian bond yields have continued to drift higher – the yield on the Italian 10Y is now well above the May highs – as the coalition government’s fiscal plans and expensive election promises have remained a key focus for investors and Brussels all summer, spooking bondholders […]
Tesla: Production Even Close To Estimates, Huge For Earnings
It was reported by Electrek that Tesla is apparently on track with their Model 3 quarterly ramp but below their 6,000/week target. The ramp is just so big that small misses don’t really matter. Worrying about such precise measurements misses the big picture. Tesla even coming close to their targets means that Q3 deliveries would jump about […]
A Shorter Work Week?
The biggest European union has managed to achieve a long-standing goal: German metal-workers can now work a 28-hour week, if they wish. John Pencavel tells the story and draws out some implications for US labor markets in “The Future of Hours of Work?” a Policy Brief written for the Stanford Institute of Economic Policy Research (September 2018). […]
Turkey’s Crisis Spirals As Inflation Surges, Producer Prices Rise ‘Appalling’ 32%
Well, August inflation data for Turkey is out and as expected, the news isn’t great. With the lira in free fall and the central bank hamstrung by Erdogan’s recalcitrance on rates, the annual inflation rate surged to 17.9% last month from 15.9% in July. That was worse than estimates. (Bloomberg) Here’s core: (Bloomberg) And here […]
Bitcoin Bulls Need To Overcome Key Resistance To Rally
Bitcoin continued its gradual climb over the weekend, extending the recovery. So far, the moves have been steady-handed. What could boost the BTC/USD into overdrive? The Technical Confluence Indicator shows that Bitcoin faces a significant congestion of resistance levels at $7260 were we see the Simple Moving Average 100-15m, BB 15m-Upper, the Fibonacci 38.2% one-day, the 4h-high, the […]
E Markets: No Do-Overs
End of the Summer and there are no do-overs as Europe gets back to work and starts to think about the lessons learned and apply them for an Autumnal risk-rally. The problem remains one around politics and emerging markets. This week will focus still on Trump trade policy and how it plays out in Canada […]
GBP/USD Regular Or A Runaway Gap?
Source: Admiral Markets MT5 with MT5 – 03.09.2018 09:36 AM The GBP/USD has formed a retail gap after some Brexit comments during the weekend. The problem is that the gap is still open and we don’t know if it is the regular or a runaway gap. However, the channel is still inclined to the upside and the 1.2890-96 zone is crucial. […]
