Author Archive: Jeremy Parkinson
Sensex Surges 470 Points; Bank Stocks Top Gainers
After opening the day in red share markets in India witnessed volatile trading activity throughout the day and ended the day firmly in green, after a strong rally at the wee end of the session. Sectoral indices too ended the day in green, with stocks in the bank sector and stocks in the metal sector leading the gains. At the closing […]
S&P Futures Soar, Global Stocks Rebound As Trade War “Perfect Storm” Fears Fade
It seems that “Black Monday” has been averted, with global risk sentiment making a full reversal to start the week, and the precipitous selloff from Thursday and (Black) Friday turning into a furious rally on Monday, starting in Asian markets and proceeding to Europe and US stock futures, which are up 1.4%, and back over […]
Equity Meltdown Aborted, Dollar Eases
After a poor start in Asia, equities recovered. The MSCI Asia Pacific initially extended last week’s losses and fell to its lowest level since February 12 before recovering to finish near its highs, 0.4% above last week’s close. European markets followed suit. They did not have to take out last week’s lows. The Dow Jones Stoxx […]
Providing Fuel (XRP & Oil)
Traditional Markets Talk of a trade war between the two largest economies in the world has brought stocks to their knees at the end of last week. The powers that be have been working hard to convince the markets that the extent of the trade wars has been overplayed. So the hope is that even though Trump is […]
Biohaven Says Two Phase 3 Clinical Trials For Migraine Met Efficacy Endpoints
Biohaven Pharmaceutical announced positive top-line results from both of its two Phase 3 clinical trials of rimegepant, an oral CGRP receptor antagonist for the acute treatment of migraine. In each trial, rimegepant met the co-primary efficacy endpoints of superiority to placebo, at two hours post-dose, on pain freedom and freedom from the most bothersome symptom. […]
USD/CAD Weekly Analysis – Monday, March 26
USD/CAD extended its downside movement from 1.3124 to as low as 1.2823, facing a key support level at 1.2803. A breakdown below this level would suggest that the uptrend from 1.2247 (Jan 31 low) had completed at 1.3124 already, then deeper decline towards 1.2650 support could be seen. Near-term resistance is at 1.2948, a breakout of this […]
A Normal Person Is Running The Fed – Unfortunately For Him
Jerome Powell, the new Fed Chairman, made his debut last week. It was jarring to see a modest, reasonable, straight-talking person in that spot after 30 years of aliens from the planet Academic Finance who neither understood nor cared about how actual markets work. I was thinking about posting a short piece on this – […]
EUR/USD: Rebound From The Trend Line
Previous: On Friday the 23rd of March, trading on the euro closed up. The euro rose against the dollar to reach 1.2372. The catalyst for this movement was the greenback’s decline along with a retreat to safe haven assets (gold, yen, franc) on the back of an escalation in rhetoric over trade between the US and […]
Trade Wars Rock The S&P 500 In Week 3 Of March 2018
What a difference a week makes! Last week, we were on very firm ground in noting that President Trump’s proposed tariffs were having very little impact on stock prices, where we closed our weekly observations with the following comment: We’re making a point of noting the major international trade-related headlines, where U.S. President Trump’s planned tariffs are […]
EUR/USD Tests Key Resistance Zone For Bounce Or Breakout
EUR/USD 4 hour The EUR/USD is testing the resistance trend line (red). A bullish break could start a potential wave 3 (blue) of 3 (purple) whereas a break below the support zone (green) could indicate a larger trend change. 1 hour The EUR/USD could be building An ABC correction (green) within wave 2 (blue). A […]
