Author Archive: Jeremy Parkinson
Crude Oil Prices Eye OPEC+ Committee Meeting For Direction Cues
Commodity prices rose Friday as a much-anticipated speech from Fed Chair Jerome Powell at the Jackson Hole symposium stuck to familiar themes, leaving the status quo rate hike outlook intact. That translated as disappointed weakness in the US Dollar, which rallied in the prior session in anticipation of an upturn in hawkish rhetoric. Gold prices were understandably buoyed by […]
Indian Indices Open At Fresh Record Highs; Sensex Up Over 300 Points
Asian shares are trading on a positive note today. The Nikkei 225 is up 0.9% while the Hang Seng is up 2%. Back home, India share markets opened the day on a positive note. Both, the NSE and the BSE, are trading at their lifetime highs. The BSE Sensex is trading up by 307 points (up 0.8%) while the NSE Nifty is trading up by 88 […]
AUDUSD Daily Analysis – Monday, August 27
AUDUSD failed to break below 0.7202 support and rebounded strongly from 0.7237. Further rally to test 0.7381 resistance is possible in the coming days, a break of this level could trigger further bullish move to 0.7450 area. Support is at 0.7290, only a breakdown below this level could bring the price back towards 0.7202 support.
USD/JPY Bull Flag Bounces At 23.6% Fib Of Wave-4
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave The USD/JPY bullish momentum is challenging the previous resistance spot (orange line). A bullish breakout could see the price move up towards the Fibonacci levels, which could be a bearish bouncing spot if the wave X (pink) pattern plays out. A break below the support trend […]
GBP/USD Remains Under Pressure Despite The Recent Recovery
The GBP/USD managed to recover on Powell’s relatively dovish words on Friday, but a recovery will be hard to stage. The Technical Confluences Indicator shows that cable faces a dense cluster of resistance levels at around 1.2862. This includes the Bolinger Band 15m-Middle, the Simple Moving Average 10-15m, the SMA 5-1h, the Fibonacci 38.2% one-week, the Fibonacci 23.6% […]
Stocks For You To Swing-Trade: HDP, TLRD, CVX
Monday’s Swing-Trades: Long Hortonworks (HDP) Long Tailored Brands (TLRD) Short Chevron (CVX)
S&P 500 And Nasdaq 100 Forecast – Monday, August 27
S&P 500 The S&P 500 rallied significantly during the trading session on Friday, pressing the all-time highs. The market looks look ready to go higher, but at this point, I think it would be prudent to wait for a short-term pullback to take advantage of value, unless of course, we can clear the 2880 handle, […]
Jackson Hole Meet; Depreciating Rupee; Top Stocks In Focus Today
On Friday, Indian share markets settled marginally lower on Friday weighed by financials and consumer stocks amid caution in global markets. The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty 50 index settled at 11,557, down 26 points. Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5% and 2%, respectively. The Indian […]
E Market Briefing For Monday, Aug. 27
Movers and shakers continue influencing the political world; but little is traumatizing the financial markets; as the S&P treats everything from the speech of Chairman Powell to revelations by Trump Organization’s CFO or NY State litigation, as ‘favorable news’; apparently whether it is or isn’t. So it is for the vacillating reports about ‘trade talks with China’, or […]
Men Who Wear Hats
Here’s a photograph Margaret Bourke-White took of the Garment District in 1930. Every single person on the street is wearing a hat. What do Tesla, crypto, and men-who-wear-hats all have in common? They’re all driven by fashion, which is another word for the Common Knowledge game. People get angry with me when they ask my […]
