Author Archive: Jeremy Parkinson
Trump Is Winning The Trade War
Market will rip on a Mexico/US Deal Trump continues to throw the U.S.’s economic weight around. He has picked fights with pretty much every major trading partner: Europe, Canada, Mexico and China. Any movement in his favor means major economic boosts in the form of greater exports and domestic production. The stock markets have already concluded […]
What Do Recent CoT Report Really Imply For Gold Prices?
The price of gold is likely to soar. This is what recent the CoT report suggests. At least, people say so. But what do you think? CoT Gold Report Revealed Something Unusual in August 2018 Many of our Readers have been asking about the recent traders’ position at the Comex. Because we care about investors, we […]
Sterling Jumps After UK And Germany Reach Truce On Brexit
The sterling jumped sharply yesterday after progress appeared to be made between the UK and the EU countries. Yesterday, Germany and the UK abandoned key demands, which increased the chances of a deal. Germany said that it was ready to accept a less detailed agreement on UK’s future with the EU. The UK on its […]
Great Graphic: Is That A Head And Shoulders Bottom In The Euro?
The euro recorded the low for the year so far on August 15 near $1.13. We had been anticipating a corrective phase for a couple days before the low was recorded. Recall that the previous Friday, August 10, all the major currencies, but the Japanese yen and Canadian dollar were beyond their Bollinger Bands. The euro […]
US Factory Orders Tumble In July As War-Spending Slumps
Despite all the exuberance at survey-based data and record-er highs in US stocks, US Factory Orders tumbled in July (down 0.8% MoM – it’s biggest drop since January). The driver of the slump was a plunge in defense aircraft and parts spending… Welcome to the American Military-Industrial economy!
Canada, The Petroyuan Thesis, And Balance Of Trade Issues In Pictures
As NAFTA negotiations linger on, let’s step back and see what Trump’s threats are all about. The US has had a goods surplus with Canada every month since 1985. Nonetheless, Trump is incredibly annoyed at Canada and threatens to put tariffs on Canadian cars. Well, Trump better make that US cars because Canada does not […]
September 2018 Initial Unemployment Claims Rolling Average Now Best Since December 1969
The market expectations for weekly initial unemployment claims (from Nasdaq / Econoday) were 205 K to 217 K (consensus 213,000), and the Department of Labor reported 203,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 212,250 […]
Keeping Up With The Cryptoshians
The unraveling continued overnight with the market leader Bitcoin… It still has a fairly solid shelf of support around $6,000. A clean break of that level would, I suspect, freak the HODLrs out, in spite of their moniker. As I glance around less “blue chip” crypto charts, I see heads and shoulders everywhere, suggesting much lower prices ahead. And another… Naturally, during […]
Billion Dollar Unicorns: HubSpot On A Growth Trajectory
A market research conducted last year expects the $34.3 billion MarTech market in the US and UK to grow 10% in 2018. While the market is dominated by players like Adobe Systems, Oracle, Salesforce, and IBM, there are other smaller Billion Dollar Unicorns like HubSpot (HUBS) that are making their presence felt. HubSpot’s Financials HubSpot (NYSE:HUBS) recently announced its […]
Jobless Claims In Full 1969 Mode
Jobless claims continued to amaze this week coming in at a level of 203K versus consensus expectations of 213K. At this level, first time claims haven’t been lower since December 1969. This week’s report also marks a record 183 straight weeks where claims have come in at or below 300K, the 48th straight week where […]
