Author Archive: Jeremy Parkinson
Forex Forecast: Pairs In Focus – Sunday, Sept. 9
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 […]
Gold And Money, Honey
As sung by the iconic ABBA “Money money money, must be funny, in a rich man’s world” let’s look at but a few measurements of which there are infinite permutations, of “money”. Obviously a mere glance at the above Gold Scoreboard’s right hand panel shows us measures of two monies we regularly follow, i.e. the U.S. […]
The Gold Rally Is Finally Here
Latest Price – $1195.10 Daily Chart Pattern – price looks to have capitulated into a low at $1162 and I am now looking for price to trade down and set up a higher low. Bollinger Bands – price fell just short of the upper band and is now back at the middle band which has […]
EURUSD: Eyes Further Weakness Towards The 1.1529/00 Zone
The EURUSD pair looks to follow through lower following its past week’s losses. On the upside, resistance comes in at 1.1600 level with a break through there opening the door for more upside towards the 1.1650 level. Further up, resistance lies at the 1.1700 level where a break will expose the 1.1750 level. Conversely, support lies […]
From Democracy To Technocracy
During the recent congressional hearings, Sen. Mark Warner (D-VA), the Senate intelligence committee’s vice chairman, said, “The era of the wild west in social media is coming to an end.” Congress, he said, will have to take action. “Where we go from here is an open question.” More hearings are clearly in the offing, and […]
From Synchronized Growth To Renewed Divergence And A Rubicon That Will Be Crossed
Heraclitus, the ancient Greek philosopher of change, is said to have taught that one cannot step in the same river twice. So too it seems that the international political economy is always in a state of flux; becoming, never being. The synchronized global upturn appears to be giving way to renewed divergence. It is hardly surprising […]
EUR/USD Forecast Sept. 10-14 – Draghi Can Trigger A Breakout
EUR/USD traded in a lower range but did not go anywhere too far as a multitude of factors kept it from making significant breakouts. What’s next? The ECB’s rate decision stands out. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. The Euro enjoyed some optimism on Brexit and […]
Euro Forecast: ECB Meeting Eyed, Even If Policy Is On Preset Course
Fundamental Forecast for EUR/USD: Neutral The Euro finished in the middle of the pack last week, with EUR/JPY, EUR/USD, and EUR/CHF leading to the downside – a sign that risk appetite is deteriorating. Thursday’s ECB meeting should bring little new information as policy was preset for the next year back at the June meeting; a mention of European banks’ exposure to […]
Canada’s Failing Energy Strategy
On July 6, 2013, 47 residents of Lac-Megantic, Quebec died horribly when a 74-car freight train carrying crude oil exploded in a fireball. It was the deadliest freight-train accident in Canadian history. Five bodies were never recovered and were assumed to have simply vaporized. DNA samples were required to identify others. Heat from the inferno was felt […]
