Author Archive: Jeremy Parkinson
BTC/USD Forex Signal – Tuesday, September 4
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time, during the next 24-hour period. Long Trade Long entry after a bullish price action reversal on the H1 time frame following the next touch of $7,128. […]
South Africa Unexpectedly Slides Into Recession For The First Time Since 2009
With South Africa reeling amid concerns of land expropriation, the rand tumbling amid broad emerging market fears and the local economy pressured by collapsing consumer spending, moments ago the Pretoria-based Statistics South Africa announced that Q2 GDP contracted at a 0.7% annualized rate, missing expectations of a 0.6% increase, and together with the sharp drop in […]
New Record Highs For S&P 500 In Final Week Of August 2018
The S&P 500 (Index: SPX) continued setting new highs during the fifth and final week of August 2018, with its highest closing value to date set at 2,914.04 on Wednesday, 29 August 2018. The index went on to finish the week slightly lower at 2,901.52. The recent uptrend in stock prices has lifted the trajectory of the S&P 500 […]
Dollar Gains Broadly
The US dollar is rising against all the major and emerging market currencies today. The signals from the White House suggest strong pressure will be exerted on Canada to sign on to NAFTA 2.0 or risk losing part of its auto sector, which of course is primarily the production of US brands. At the same time, […]
Summer Ends And Winter Comes For EUR/USD
The EUR/USD resumes its falls as US traders end their summer vacations. Concerns about emerging markets, tariffs on China, and Italy weigh. The technical charts show bears are regaining control. The EUR/USD is falling below 1.1600 on Tuesday after a slow-motion day on Monday. American traders are back to school after a long Labor Day weekend. The […]
EURUSD: Correction Could Continue Through To Thursday
Previous: On Monday the 3rd of September, trading on the euro closed slightly up. Exchanges were closed in the US and Canada due to national holidays. This of course meant that activity was low during the US session. As trading closed in Europe, the euro had recovered to 1.1628. The single currency also got some support […]
USDCAD Daily Analysis – Tuesday, September 4
USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance. Further rise is still possible and next target would be at 1.3174 resistance. Near-term support is at 0.3040, only a breakdown below this level could bring the price back towards 1.2950.
Stocks For You To Swing-Trade: MRO, MPC, FDX
Tuesday’s Swing-Trades: Long Marathon Oil (MRO) Long Marathon Petroleum (MPC) Short FedEx (FDX)
The History Of Gold-Oil Ratios: 1970-2018
Today I document and analyze gold and oil prices and their ratios from January 1970 to August 2018. As a reminder, we use monthly average London gold prices provided by Kitco.com and monthly average oil prices for West Texas Intermediate Crude (WTI) sourced from the United States Energy Information Administration (EIA). Last week, I […]
India Accepts Oil From Iranian Tankers: First Major Crack In Trump Sanctions
India puts the first major crack in Trump’s Iranian sanction play. What’s next? Reuters reports India allows state refiners to use Iran tankers, insurance for oil imports. India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India (SCI) halted voyages […]
