Author Archive: Jeremy Parkinson
Trump Tariffs, Three Hikes And Allianz Scopes Dollar
Financial markets have been numb waiting on whether and to what extent Trump’s tariffs will impact the global economy. According to Bloomberg, yesterday Trump said he seeks to impose a $50 billion tariff against China – under the premise of intellectual property infractions. It is widely known that Chinese manufacturers have produced off-brand items and […]
Fed Hikes Wednesday, But Several Key Assets Key Off Of Technicals
Wednesday, the FOMC met. The fed funds rate went up another 25 basis points to between 1.5 percent and 1.75 percent. One would think this would drive market action. But looking at a diverse set of assets, technicals played a bigger role in the session than the Fed decision. Pre-meeting, there was widespread […]
Fed Chair Questions Value Of Yield Curve For Recession Forecasts
Federal Reserve Chairman Jerome Powell, at his first press conference as the head of the central bank, announced a hike in interest rates. A tighter monetary policy was widely expected. What was surprising was Powell’s comments on the value of the Treasury yield curve as a tool for predicting the next US recession. Responding to the last […]
Tech Bulls Beware, You Don’t Want Selling Here
Tech stocks have been on a roll for the past 15-years (long-term bull trend) and nothing of late has changed that! Above looks at the Nasdaq 100/SPY ratio on a monthly basis over the past couple of decades. Over the past 15-years, the ratio has spent the majority of the time inside of rising channel (1), highlighting […]
Facebook Advertisers Start Pulling Out
Facebook advertisers have threatened to abandon the platform in the wake of a massive data harvesting scandal which began after it was revealed that an app created by two psychologists – one of whom Facebook employs – gathered data on over 50 million Americans and then sold it to political data firm Cambridge Analytics and several […]
EUR/USD, GBP/USD Show Bullish Continuation Despite USD Rate Hike
EUR/USD 4 hour The EUR/USD bounced at the support trend line (blue) yesterday despite the interest rate hike in the US from 1.5% to 1.75% for the US Dollar. The rate hike caused price volatility on lower time frames but ultimately the support level persevered. Price is now retesting the resistance trend line (red) and […]
AUDJPY And CADJPY Updates
AUDJPY may have found a possible top for corrective wave 2 at the 82.566 level, and current intra-day weakness from the same level can be a suggestion for more weakness. If so, then we may see a break below the 81.24 level in the upcoming sessions and a new five-wave bearish cycle. If more weakness […]
BTC/USD And BTC/JPY Forecast – Thursday, March 22
BTC/USD Bitcoin markets rallied initially during the day on Wednesday, as we continued to see buyers jump into this market, perhaps value hunting. However, later in the day, we rolled over to form a bit of a hammer, so it’s likely that if we break down from here, we may revisit the thousand dollars level. […]
E Spread Your Wings With An Iron Condor
Being a directional trader is damn hard work. As a stock trader, you can go long or short. That’s it. Doesn’t that seem like an incredibly limiting way to trade? Surely there’s a better way? Well, there is. Today I’m going to share with you a strategy that I use to make consistent monthly income […]
Sensex Trades In The Red; Capital Goods Stocks Are Top Losers
After opening the day in the red share markets in India witnessed choppy trading activity and are presently trading well below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the capital goods sector witnessing selling pressure. While stocks in the are leading the gains. The BSE Sensex is trading down by 130 […]
