Author Archive: Jeremy Parkinson
Sensex Slumps 330 Points; FMCG Stocks Lead Losses
After opening the day in green, share markets in India witnessed negative trading activity at in the final hours of the trading session and ended the day in the red. Sectoral indices traded mixed, with stocks in the realty sector and stocks in the FMCG sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 332 points (down 0.9%) […]
BTC/USD Forex Signal – Monday, September 3
Last Thursday’s signals were not triggered, as there was no bullish price action at $6,867. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before 5pm Tokyo time, over the next 24-hour period only. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of […]
USDCAD Daily Analysis – Monday, September 3
USDCAD broke above the falling trend line on the 4-hour chart, suggesting that the downside movement from 1.3174 had completed at 1.2887 already. Further rise is still possible and next target would be at 1.3174 resistance. Near term support is at 1.3015, only a breakdown below this level could take the price back towards 1.2887 […]
Will Tough Times Persist For Argentina ETFs?
The Central Bank of Argentina raised its key interest rate to 60% in an unscheduled meeting on Aug 30 to cope with the foreign exchange situation and risk of greater inflation. The Argentina economy is on the verge of recession as it shrank 6.7% in June from the same period last year, representing the largest […]
S&P 500 And Nasdaq 100 Forecast – Monday, September 3
S&P 500 The S&P 500 initially tried to rally but rolled over a bit and broke back below the 2900 level as traders were probably focusing more on vacation than anything else. With that being Labor Day on Monday, the American markets will be closed. Beyond that, traders are concerned as to whether the United […]
Is Real Fed Funds Rate Peaking?
Q2 GDP growth was revised higher from 4.1% to 4.2% even though the estimate for real consumption growth was revised lower from 4% to 3.8%. That being said, the consumer had a strong rebound from Q1 and still drove GDP growth to an amazing result. The obvious question is whether this growth rate will continue. […]
Barnes & Noble Isn’t Gone, But Management Should Be
Everyone is predicting the demise of Barnes & Noble, Inc. (BKS) with good reason. A closer look at the numbers reveals a company in financial distress. Sales have decreased $3.2 billion or 46% in the last five years. Net profit margin has not cracked 1% and has experienced losses in three of the last five […]
Personal Consumption Expenditures: The September Anomaly And The Fed’s 2% Inflation Ceiling
Let me make a few comments on the report on personal income and spending. Well, actually, just the spending part for now. First, there is a long-time relationship going back 60 years in the data whereby the YoY% growth in retail sales is higher in the first part of an economic expansion, and lower in […]
EUR/USD Finds It Hard To Recover As Fear Prevails
The EUR/USD is attempting to rise in the wake of the new week. Concerns about the US intentions to slap China with new tariffs are prevalent. The technical picture shows the pair is in a tight spot. The EUR/USD is trading just above 1.1600, marginally higher on the day. Purchasing managers’ indices for the manufacturing […]
Sensex Trades In Green; Wipro & Sun Pharma Top Gainers
Stock markets in India are trading marginally higher. Gains are largely seen in healthcare stocks and consumer durables’ stocks. The BSE Sensex is trading up by 78 points and the NSE Nifty is trading up by 28 points. Meanwhile, the BSE Mid Cap index is trading up by 0.8% while, the BSE Small Cap index is trading up by 0.8%. Engineering stocks are trading on a mixed […]
