Author Archive: Jeremy Parkinson
USDCAD Daily Analysis – Friday, Sept. 7
USDCAD dropped sharply from 1.3226, suggesting that the upside movement from 1.2887 had completed. Deeper decline would likely be seen and next target would be at 1.3000 area. Resistance is at 1.3226, only a break of this level could trigger another rise towards 1.3350.
Gold Asks: If Not Recession, Then What?
We are on the verge of recession. The Fed tightens and in the past it has never ended well. The yield curve is almost flat. When it inverses, it will be the end. All the bubbles will burst, pushing the global economy into another crisis. It will be more serious than all the previous cases, especially given […]
Are You Ready For The Dollar Rally After Jobs Report?
If US jobs report were to beat estimates, short AUD/USD? Jobs report tonight will offer clues whether there will be three or four hikes in 2018. This compromises of all of the three components: non-farm payrolls, unemployment rate and wages growth which are all equally important. The labor market is in a good shape; earlier […]
Fake News
One of the rumours that we spoke about yesterday that was driving the crypto market down has now been confirmed to be false. This statement was in response to recent reports that Goldman Sachs was abandoning plans to open a crypto trading desk. The crypto market is making a mild recovery so far this morning. Let’s […]
Thoughts On A Secular Top In Canadian And Australian Debt And Realty Prices
Thanks to a reader for sending this clip along. Different countries, same financial behaviors and mean reversion cycles likely. The components are well articulated in this segment. A key point to all ‘investors’: “This is a very extended property bubble, that has been funded by the banks…Don’t you know what happens to property bubbles?” Canada and […]
WTI Crude Oil And Natural Gas Forecast – Friday, Sept. 7
WTI Crude Oil The WTI Crude Oil market broke down rather significantly during the trading session on Thursday, showing signs of extreme weakness. We broke down below the $67.50 level on disappointing inventory numbers and of course concerns about trade wars driving down demand. At this point, the uptrend line crosses the $65 level, so […]
EURUSD: All Eyes On NFP
Previous: On Thursday the 6th of September, trading on the EURUSD pair closed down. The pair spent most of the day hovering around 1.1630. The single currency then came under pressure during the US session and the rate dropped to 1.1606. Investors retreated from risky assets following the publication of an article in the Wall Street […]
Here’s What Happens To Stocks If Trump Comes Out Guns Blazin’ With 25% Tariffs On China
Everybody wants to maintain their bullish outlook on U.S. stocks because after all, being bearish on U.S. equities hasn’t exactly paid off this year. Thanks in no small part (and arguably thanks entirely) to the tax cuts boosting corporate bottom lines and catalyzing a buyback binge, U.S. benchmarks have managed to shake off all manner of […]
World Earnings Excluding Tech At Pre-Crisis Levels
It’s hasn’t been surprising to see the Fed’s projections for rate hikes differ from the futures market in this expansion. The interesting part about the current divergence seen in the chart below is that the Fed could be near the end of the hike cycle. Source: Pension Partners The futures market expects 3 more hikes by 2020, with […]
Sensex Trades Rangebound; Yes Bank & Sun Pharma Top Losers
Stock markets in India are trading in a range-bound fashion amid weak Asian markets as the rupee trimmed losses after hitting 72 against US dollar in the opening trade. Losses are largely seen in bank stocks and PSU stocks. The BSE Sensex is trading down by 4 points and the NSE Nifty is trading up by 4 points. Meanwhile, the BSE Mid Cap index is trading […]
