Author Archive: Jeremy Parkinson
Italian Bond Yields Are Blowing Up Again
For the second day in a row, the “weakest link” among G-10 bond markets, Italy, is getting hit hard, with the 10Y Italy government bond sliding, sending its yield to session highs of 3.24%, which also is above the highest yield hit during the May mini-crisis, is now the highest going back to 2014. “Lo […]
Could Oil “Super-Spike” Above $150?
Falling investment in new sources of oil supply are creating the conditions for much higher prices in the years ahead. Video Length: 00:02:42
How Emerging Market Stress Can Impact Major Markets
Craig Hemke joins me today to recap some of the weakness we have been seeing in emerging markets. With the US Dollar continuing to hold at generally higher levels, emerging markets have been sold down. This sell-off has a contagion impact on a wide range of countries and sectors. Audio Length: 00:12:22
Bitcoin Bulls Have Some Reasons To Be Cheerful
The BTC/USD enjoyed a third consecutive week of quiet gains. The beginning of September should see more volatility. The technical picture looks more bullish after the 50-SMA breach The price of Bitcoin continued its quiet march to the upside, with the BTC/USD surpassing the round $7,000 level. The last week of August featured no extraordinary news to […]
Weekend Reading: Are Emerging Markets Sending A Signal
I have been, and remain, bearish on emerging markets for three reasons: As discussed yesterday, the U.S. is closer to the next economic downturn than not. When the U.S. enters a recession, emerging markets are hurt considerably more given their dependence on the U.S. International risks in countries like Turkey, Greece, Spain, France, Italy, etc. A strong […]
Bitcoin Daily Forecast – Friday, August 31
BTC/USD Bitcoin markets drifted lower during the trading session on Thursday, losing 2.5% by the time I sat down at my desk. We have broken through the bottom of the hammer from the previous session, changing it into a “hanging man.” That, of course, is a negative sign, but quite frankly we know that there […]
The US Dollar Is (Still) A Key Factor For Emerging Market Returns
It’s been a rough year for emerging markets. Stocks, bonds, and currencies in these countries have generally taken a hit in 2018. Not surprisingly, the US dollar has been strengthening. The lesson, once again, is that investing in emerging markets requires monitoring the greenback’s trend. Although foreign exchange may not resonate as a relevant risk […]
Transports-Potential Topping Patterns In Play, Says Joe Friday
The chart looks at Transportation ETF (IYT) on a weekly basis. Its long-term trend remains up and nothing that has changed the trend. IYT peaked in January along with the broad markets and then fell where it tested short-term rising channel support, which held. Joe Friday Just The Facts Ma’am– IYT is testing its January highs, where […]
EURJPY: Weakens, Threatens Move Towards The 128.79 Area
EURJPY pair looks to weaken further leaving the risk of a move towards the 128.79 zone on the cards. Support comes in at the 128.50 level where a break if seen will aim at the 128.00 level. A cut through here will turn focus to the 127.50 level and possibly lower towards the 127.00 level. On […]
Indian Indices End Day Flat; Pharma Stocks Top Gainers
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day flat. Sectoral indices ended the day mixed, with stocks in the pharma sector and stocks in the IT sector leading the gains, while stocks in the metal sector lost the most. At the closing bell, the BSE Sensex stood lower by 45 points […]
