Author Archive: Jeremy Parkinson
AT&T Does Soft Shoe Shuffle For Folks At Home
This week I’m seeking a prestigious and long-term dividend-paying stock from the communications services sector. That sector has companies that connect us electronically in either of two ways: telecommunications, or pay TV. Today I’m reviewing a large-cap telecom institution named AT&T, Inc. Its trading ticker symbol is T. AT&T Inc is engaged in the provision […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, September 4
WTI Crude Oil In what would have been relatively thin trading on Monday, the WTI Crude Oil market initially pulled back, but found buyers underneath the $70 level in order to support the market. I think at this point, the market will probably continue to find buyers on dips, as it represents a bit of […]
Australian Dollar: A Monetary Policy Statement Made For A Currency Rebound
In recent weeks, I have seen calls for the Reserve Bank of Australia (RBA) to cut interest rates. It’s important to remember when the RBA moves to cut interest rates, there will probably be two (or more) 25bp moves. As my mate Saul Eslake once noted, interest rate changes are like cockroaches, when you get […]
Gold Price Remains In Narrow Range
Gold prices ended Monday’s session nearly unchanged as the dollar remained firm on worries over the escalating trade conflict between the United States and China. U.S. President Donald Trump is planning to impose new import tariffs on Chinese goods later this week. President Trump’s threats to leave Canada out of the new trade pact weighed […]
Monero’s XMR Confirms A Break Above Ichimoku Cloud Versus USD
Monero’s token, XMR has been bumped up to the 10th largest cryptocurrency by market capitalization. It saw a 35% gain in the past seven days. With the surge, it also broke above the important daily Ichimoku cloud. Here’s an overview. Monero’s XMR Overview Monero has been getting crypto miner’s attention as one of the most profitable […]
Foreigners Selling UK Debt As Hard Brexit Appears
Foreign investors have been withdrawing on a large scale from British government bonds since July when the Conservatives seems to be splitting. Bank of England data released revealed a net outflow of £17.153 billion from foreigners in July, the largest since records began in 1982, Reuters reports. Even in June, there was still net capital investment […]
AUDUSD Daily Analysis – Tuesday, September 4
AUDUSD remains in the downtrend from 0.7381, the bounce from 0.7165 is likely consolidation for the downtrend. Range trading between 0.7165 and 0.7250 would likely be seen in a couple of days. Support is at 0.7165, a breakdown below this level could trigger further downside movement towards 0.7100.
Stocks Outlook – Tuesday, September 4
Thoughts The S&P is up 5 months in a row. Extremely bullish in the medium-term. Volatility has been notably absent in August. Not as bearish as you think. Gartman remains bearish on U.S. stocks. You know what that means… This economic expansion is aged. Not bearish for stocks. Stock buybacks will continue to surge this […]
Crude Oil, Gold Prices May Edge Up As The US Dollar Backtracks
Commodity prices marked time Monday as market closures in the US and Canada sapped liquidity and undermined directional conviction. Crude oil and gold prices managed narrow gains in what looked like a retracement of prior sentiment-driven losses but near-term trading ranges remained firmly intact. CRUDE OIL, GOLD MAY RISE AS US DOLLAR RETRACES Looking ahead, the US manufacturing ISM survey is in […]
EUR/USD Leans Lower On Back To School Day
The EUR/USD did not go anywhere fast on slow-motion trading on the US Labor Day. After hugging the 1.1600 level, what’s next? The Technical Confluences Indicator shows that the pair faces immediate resistance at 1.1620 which is the meeting point of the Fibonacci 23.6% one-day, the Fibonacci 23.6% one-week, the Simple Moving Average 50-one-day, the SMA 50-15m, the SMA 100-15m, the […]
