Author Archive: Jeremy Parkinson
Sensex Trades Marginally Lower; Rupee Continues Downtrend
Share markets in India are presently trading lower. Sectoral indices are trading on a mixed note with stocks in the bank sector and metal sector witnessing maximum selling pressure. The BSE Sensex is trading down by 94 points (down 0.2%), while the NSE Nifty is trading lower by 26 points (down 0.2%). The BSE Mid Cap index is trading up 0.1%, while the BSE Small Cap index is […]
EURUSD: Bulls Trying To Defend 1.1650
Previous: On Thursday the 30th of August, trading on the EURUSD pair closed down. After an unsuccessful attempt by bulls to return the rate to 1.1734, the euro shed 65 pips against the dollar to reach 1.1642. The US dollar index started growing on the back of a retreat from risky assets caused by a decline […]
WTI Crude Oil And Natural Gas Forecast – Friday, August 31
WTI Crude Oil The WTI Crude Oil market rallied again and broke above the $70 level during trading on Thursday, but the daily candle doesn’t tell the whole story. As somebody who was trading the futures markets today, I can tell you that most of the move occurred late in the day, and quite frankly […]
Propy Helps Blockchain Technology Get Vermont Government Approval
The blockchain technology is expanding in interesting directions, and we have lesser-known crypto companies such as Propy to thank for it. The State of Vermont in the US has reportedly signed a bill into law to start supporting blockchain developments. Here’s more about the new legislation, and Propy’s Land Records project. New Vermont Law Helps Blockchain […]
The Entropy Wars
Five Financial Uncertainties of 2018 (So Far) Here we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. True, he’s not polished in his […]
Gold Remains Range Bound
Gold prices dropped $6.76 an ounce on Thursday, dragged down by a stronger dollar. The dollar pared some of its losses after fresh economic data suggested the U.S. economy sustained momentum going into the second half of the year. Some chart-based selling was also behind gold’s 0.55% drop yesterday. A failure to break through the […]
July 2018 Median Household Income
Median household income in the United States rose to $62,450 in July 2018, with Sentier Research reporting a 0.4% increase over its June 2018 estimate of $62,175. The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January 2000 through July 2018, as given by Sentier Research’s monthly estimates. […]
Stocks Outlook – Friday, August 31
Thoughts Corporate profits are surging, even without Trump’s tax cut. Medium term bullish for stocks VIX is rising with the stock market. Not necessarily bearish for stocks. Ignore these bearish stock market analogues Commercial hedgers (smart money) are extremely bullish on gold and silver. Initial Claims are still trending lower. A medium-long term bullish sign […]
Did The EUR/USD Recovery Run Its Course?
The EUR/USD bounced from the lows it reached on Thursday, but further upside moves may be limited. The Technical Confluences Indicator shows that the pair faces initial and significant resistance at 1.1690. This includes the Simple Moving Average 10-4h, the Bolinger Band 4h-Middle, and the Fibonacci 61.8% one-day. Close by, 1.1714 is another significant line of resistance. This is the convergence of the […]
Crude Oil Prices Hold Up But Gold Sinks As Risk Appetite Fizzles
Crude oil prices managed a narrow gain Thursday despite an otherwise broadly risk-off day across financial markets. An unexpectedly large drop in US inventories seemed to continue offering support. Soundbites from Iran appeared to help as Tehran again threatened to stop exports to the Middle East altogether if US-backed sanctions prevent it from shipping through the critical choke-point in the Strait of […]
