Author Archive: Jeremy Parkinson
AUDUSD Daily Analysis – Thursday, August 30
AUDUSD failed to break above 0.7381 resistance and pulled back to 0.7275. Lengthier sideways movement in a trading range between 0.7202 and 0.7381 could be expected in the coming days.
Stocks For You To Swing-Trade: WWE, MTOR, TIF
Wednesday’s Swing-Trades: Long World Wrestling Enertainment (WWE) Long Meritor (MTOR) Short Tiffany and Co. (TIF)
Indian Indices Open Marginally Lower; Banking And Energy Stocks Witness Selling
Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.1% while the Hang Seng is down 0.7%. The Shanghai Composite is trading down by 0.8%. Back home, India share markets opened the day marginally lower. The BSE Sensex is trading down by 31 points (down 0.1%) while the NSE Nifty is trading down by 13 points (down 0.1%). The BSE Mid Cap index […]
Gold Prices Gain In A Quiet Trade
Gold prices ended Wednesday slightly higher after a quiet session. XAU/USD revisited the $1208-$1206 area after prices found support at around the $1200 level, but it was unable to break through. In economic news, the Commerce Department reported that gross domestic product increased at a 4.2% annual rate in the second quarter. World stock markets […]
“Complacency Hits Epidemic Levels”: Traders Have Never Been More Unhedged For Risk-Off Event
Bloomberg TV’s Romaine Bostick has put together a fascinating chart that looks at speculative risk sentiment in the futures market, by summing up net spec exposure in traditional risk-off assets: gold, 10-year Treasuries and the VIX: The chart speaks for itself, but as Bloomberg’s Michael Regan explains, “the obvious takeaway is that positioning is all on one […]
The Economy: Winter Is Coming
Fans of HBO’s hit series Game of Thrones know well the motto of House Stark: “Winter is Coming.” This motto warns of impending doom, whether brought on by the Starks themselves, devastating multi-year, cold weather, or something far more ominous north of the Wall. At least since Soviet economist Nikolai Kondratieff wrote The Major Economic Cycles in 1925, recessions […]
Consumer Confidence Is Through The Roof; Spending, Not So Much
According to the Conference Board, US consumers are sky high. The business association’s index measuring consumer confidence jumped to a level it hasn’t seen since the apex of the dot-com days. Though I’m not sure that’s really a positive reflection on the economy, the mainstream verdict is as usual quite different. U.S. consumer confidence surged to […]
Is A Confident Consumer Good For The Stock Market?
US Consumers are feeling pretty confident these days. A survey just released by the conference board showed the highest reading since October 2000. At a level of 133.4, consumers are more confident today than 94% of historical readings going back to 1967. Data Source for all charts/tables herein: Conference Board, Bloomberg If you asked […]
