Author Archive: Jeremy Parkinson
Bitcoin Daily Forecast – Friday, Sept. 7
Bitcoin markets have broken down significantly during the trading session again on Thursday, crashing through the $6500 level. It looks very likely to reach towards the $6000 level, as word got out the Goldman Sachs is abandoning the entire idea of trading crypto currency. Because of this, this will probably lead the exodus of Wall […]
Jobs Report Beats And Wage Inflation Is Comin’ In Hot, Folks
This week brought fresh evidence to support the notion that the U.S. economy continues to fire on all cylinders, as gauges of manufacturing and services sector activity came in ahead of expectations. The data continues to support the Fed’s upbeat take on the U.S. economy, although business leaders this week attempted to convince the Trump administration that […]
Gold Prices: China Buys 20% Of Global Gold Mine Output In Five Months
Gold Prices Could Be Setting Up to Outperform Other Assets, Just Look at the Buyers If you are worried about daily fluctuations in gold prices and are forgetting the big picture, you could be making a big mistake. This is a bold statement, but don’t be shocked to see gold prices outperforming a lot of […]
Sensex Ends Day In The Green; Auto Stocks Lead Gains
After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day in above the dotted line. Sectoral indices traded mixed, with stocks in the auto sector and stocks in the metal sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 147 points (up 0.4%) and the NSE […]
Deutsche Bank’s Top Investor Selling Its Entire Stake Under Orders From China
Deutsche Bank stock slumped, and European bank shares dropped to the lowest level since late 2016 after the WSJ reported that Deutsche Bank’s top investor, HNA Group – one of China’s largest conglomerates – intends to completely exit its stake in the German bank as it reverses a debt-fueled acquisition spree under pressure from Beijing. […]
Traders On The Storm
Traders on the storm, traders on the storm. They seemed to be forborne. The money that was thrown, like a dog without a bone. Oil took out on loan. Traders on the storm. After yesterday’s oil market action, it was clear that the last of the Tropical Storm Gordon speculative buyers finally got washed out […]
Morning Call For Friday, Sept. 7
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.13%) this morning are down -0.13% as markets await the next move in the China/U.S. trade war. Also, the markets await this morning’s U.S. Aug non-farm payrolls, which is seen as strong enough to cement the case for a Fed rate hike later this month. European stocks are […]
Deutsche Bank Bottom?
It’s been a while since I have posted, so I will ease in with a short and simple one. When talking to credit managers, I always ask for names that they are avoiding. More times than not, one of the companies mentioned is Deutsche Bank. Credit managers either feel it is too complex to value, […]
A Rally In Soybean Price Could Start As Harvesting Season Nears
In June last year, the price of soybeans reached a yearly low of $9 per bushel. It then started moving up and in April this year, the price moved up to $10.76 per bushel. After that, the price of the crop fell sharply to a YTD low of $8.13. It is now trading at $8.36. […]
US Treasuries Predicting That The Inflation Rebound Has Peaked
The hard data on inflation points to a modestly accelerating rate of inflation, a trend that supports the Federal Reserve’s ongoing policy of gently but consistently raising interest rates. The main push-back to that narrative is the Treasury market. On two fronts, Treasuries are pricing in expectations that the recent rise in inflation has peaked […]
