Author Archive: Jeremy Parkinson
When Is Three Better For Gold Than Four?
His hand didn’t shake. Powell hiked interest rates at the first FOMC meeting with him as the Chair. But the key factor for the gold market is what he signaled about the future path of the federal funds rate. The crucial word is “three”, not “four”. Another Meeting, Another Hike In line with expectations, the FOMC acknowledged […]
Facebook’s Data Issues
(Video length 00:17:07) Shelly Palmer speaks with Zain Asher about Facebook’s data issues, Mark Zuckerberg’s post accepting responsibility and committing to fixing the problem and the EU’s new proposal to tax Google and Facebook over $6.4 Billion. Original Airdate: March 21, 2018, CNN – Quest Means Business
USD/CHF Price Outlook: Risk Of Larger Correction If This Level Breaks
The Swiss Franc has been under pressure since early February with USD/CHF climbing to two-month highs ahead of yesterday’s FOMC interest rate decision. The subsequent reversal has broken below the weekly opening-range lows and we’re looking for a break of near-term uptrend support to suggest that a more significant exhaustion high may be in place. USD/CHF DAILY PRICE CHART […]
The World’s Most Misunderstood Investment – Part 1
Annuity. Say the word and watch facial expressions. They range from fear, disgust, confusion. Billionaire money manager and financial pitchman Ken Fisher appears as the senior version of Eddie Munster in television ads for his firm. He stares. Deep eyes ablaze with intensity. The tight camera shot. A dramatic pause, then solemnly he delivers the […]
Lowe’s: Can This Dividend King Maintain Its Huge Success?
The Dividend Kings consist of many different types of companies, many of them operating in the non-cyclical consumer staples industry. There aren’t many retailers who have raised their dividend for more than 50 years in a row, but Lowe’s Companies (LOW) has managed to do just that The home improvement store operator has produced outstanding […]
E Nike’s Whisper Number Showing Confidence
Nike (NKE) is expected to report earnings today after market close. The whisper number is $0.62, nine cents ahead of the analysts’ estimates and showing strong confidence from the WhisperNumber community. A year ago the company reported earnings of $0.68. Nike has a 78% positive surprise history (having topped the whisper in 49 of the […]
Blaming The Fed For Weaker Greenback
Although the Federal Reserve raised interest rates yesterday, the forecast for two more hikes this year (instead of three) disappointed market participants who turned their backs on the U.S. dollar, triggering quite sharp selloff. But did anything really change in the technical picture of the greenback? Before we analyze our currency pairs, let’s check what […]
There Is A Reason Why EUR/USD Stopped At This Point — Confluence Detector
The Technical Confluences Indicator shows that the recent rise of the EUR/USD sends it to a price were several technical barriers converge around $1.2330, making it a strong line of resistance. The area is the meeting place of the Fibo 23.6% 1d, SMA50-4h, SMA50-1d, SMA200-1h, SMA 5-1hv, SMA10-1d, BB 15m-Middle-Stdv and more. A break above this line opens […]
March 2018 Initial Unemployment Claims Rolling Averages Marginally Worsens
Hurricanes continue to impact claims taking procedures in the Virgin Islands and Puerto Rico. The market expectations for weekly initial unemployment claims (from Bloomberg / Econoday) were 220 K to 230 K (consensus 225,000), and the Department of Labor reported 229,000 new claims. The more important (because of the volatility in the weekly reported claims and […]
Finding A New FANG
We all love our FANGS. Not only have Facebook (FB ), Apple (AAPL ), Netflix (NFLX) and Alphabet (GOOGL) been at the core of our investment performance for the past nine years. We also gobble up their products and services like kids eating their candy stash the day after Halloween. All four of the FANGs […]
