Author Archive: Jeremy Parkinson
Forex Forecast: Pairs In Focus – Sunday, August 26
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Tesla: Seriously, Musk, Who Cares About The Shorts
Congrats to Elon Musk and Tesla shareholders for the late Friday decision to stay public. We’ve mentioned our $1000+ 12 month price target. That’s based on using a 50X PE on 2019 earnings numbers considering Tesla starts going profitable in Q3 and/or Q4. It sounded like this whole going-private idea was somewhat emotionally charged to avoid the shorts. Who cares about […]
Chart: Weekly Global Trade Indicators
Global trade growth has been something we’ve picked really well both going into the global trade recession in 2015/16 and the subsequent recovery and acceleration in 2016/17. It has helped raise conviction on risk management calls around commodities and emerging markets, and getting more aggressive on the growth vs defensive asset allocation (respectively). So it’s worth highlighting […]
Weekly Market Outlook – Momentum Wins Again, But Again, It’s Flimsy Momentum
It was touch and go for the better part of the week, but against just the right backdrop of news and with just the right amount of FOMO (fear of missing out), the bulls were willing to plow into stocks late in the last trading day of the week. The S&P 500 even managed […]
EURUSD Weekly Analysis – Sunday, August 26
EURUSD broke above 1.1550 resistance, suggesting that consolidation for the downside movement from 1.2555 is underway. Near term resistance is at the top trend line of the price channel on the daily chart. As long as the channel resistance holds, the downtrend could be expected to resume and another fall towards 1.1000 is still possible […]
Trading Support And Resistance – Sunday, August 26
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
Gold Prices Snap Six-Week Losing Streak As US Dollar Slides
Fundamental Forecast for Gold: Bullish GOLD TALKING POINTS: Gold rebounds from multi-year support gathers pace post-Powell; supportive above 1180 Gold prices snapped a six-week losing streak with the precious metal up more than 1.9% to trade at 1206 ahead of the New York close on Friday. The recovery comes amid continued strength in broader risk markets, with […]
GBP/USD Forecast Aug. 27-31 – Brexit Talks Around The Clock Do Not Help The Pound
GBP/USD was pressured on fears of a no-deal Brexit and was unable to take full advantage of the gradual retreat of the US Dollar. What’s next? Here are the key events and an updated technical analysis for GBP/USD. The EU and the UK have agreed to hold non-stop Brexit talks. The news initially helped the pound […]
A Beginners Guide To OTC Markets In Crypto
What’s the first thing that pops into mind when you hear “over-the-counter”? For many, the phrase will create images of easy access to medication. OTC, however, has been around for quite some time and draws its roots from some of the first store-based exchange of goods. It refers more specifically to the easy access part than anything […]
To Understand America’s Neofeudal Economy, Start With Extortion
Here is the result of America’s neofeudalism: soaring wealth and income inequality. Let’s spin the time machine back to the late Middle Ages, at the height of feudalism, and imagine we’re trying to get a boatload of goods to the nearest city to sell. As we drift down the river, we’re constantly being stopped and charged […]
