Author Archive: Jeremy Parkinson
What’s Next For The Dollar Index?
In 2017, the dollar index fell as the dollar weakened against its closest peers. Most of these losses came as a result of the euro which rose buoyed by the strong European economy. This year, the cycle has changed in favor of the dollar. Year-to-date, the dollar index has risen by more than 4%. These […]
Venezuela Implodes, Neighbors Suffer
Last week Venezuela devalued its currency, the bolivar, by 95%, cutting five zeros off the exchange rate. This measure was a desperate response to hyperinflation that reached an astonishing rate of 83,000% YoY in July, with prices doubling every 26 days. The IMF has projected the rate could reach one million percent this year. Cash transactions […]
Dollar Finds Support, But Downside Correction May Not Be Over
The US dollar has steadied after pulling back in recent days, but the downside correction does not appear complete, and month-end flows are still a risk to picking a dollar-bottom. The Australian dollar is the weakest of the majors. The main drag is paradoxically Westpac, one of Australia’s largest banks, raised the variable rate mortgage […]
Will Shorts Come To Aid Of Nasdaq Bulls?
The Nasdaq 100 index enjoyed a mini-breakout Tuesday, only to find itself right underneath seven-month channel resistance. A breakout would be massive. Could shorts come to longs’ rescue in due course? The tech-heavy Nasdaq 100 (7570.25) Tuesday rose to yet another high. Through the session’s intraday high of 7588.72, it was up 18.6 percent […]
Growth Rate Outstanding
How do you squeeze 20,000 Russian merchants into 15,000 available commercial plots at the market? The answer is blockchain… Of course, it’s impossible to fit 20,000 people into 15,000 spaces but it seems that the application process has become so unreliable that the government is now turning to the Ethereum network to provide a transparent and immutable […]
GBP/USD: Brexit Reality Bites, And So Does The Dollar
The GBP/USD is trading below 1.2900, consolidating the fall from the highs. The Brexit deadline has reportedly been pushed back to November. The pair is battling uptrend support that accompanies it since mid-August. The GBP/USD is trading below 1.2900 after reaching a peak of 1.2930 on Tuesday. Brexit negotiations continue, and both the European Union and the […]
USDCAD Daily Analysis – Wednesday, August 29
USDCAD extended its downside movement from 1.3174 to as low as 1.2949, breaking below 1.2961 support. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Resistance is at 1.3030, only a break of this level could bring the price back to 1.3150 area.
During Big 2016 Market Correction Gold & Silver Didn’t Fall, They Soared
If we go back to the last big market correction, the precious metals didn’t fall, they soared. There were several reasons the gold and silver prices disconnected from the broader markets at the beginning of 2016. In my newest video, I show exactly what happened to gold and silver price as the Dow Jones fell […]
Mercer NBSK Pulp Makes A World Of Paper
This week I’m seeking a high-yield and growing stock from the basic materials sector. That materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a small-cap paper […]
Mortgage Prisoners Totally Screwed In Australia As Refinance Rejections Soar
Australia is flooded with “too good to be true” refinance offers. Rejections up 349% since April, 1426% from December. Looking to refinance your Australian property you wish you didn’t buy? Not to worry, I can help is the message banks are sending. Oops, strike that. The total number of monthly rejections went from 2,031 in […]
