Author Archive: Jeremy Parkinson

Propy Helps Blockchain Technology Get Vermont Government Approval

Propy Helps Blockchain Technology Get Vermont Government Approval

The blockchain technology is expanding in interesting directions, and we have lesser-known crypto companies such as Propy to thank for it. The State of Vermont in the US has reportedly signed a bill into law to start supporting blockchain developments. Here’s more about the new legislation, and Propy’s Land Records project. New Vermont Law Helps Blockchain […]
The Entropy Wars

The Entropy Wars

Five Financial Uncertainties of 2018 (So Far) Here we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. True, he’s not polished in his […]
Gold Remains Range Bound

Gold Remains Range Bound

Gold prices dropped $6.76 an ounce on Thursday, dragged down by a stronger dollar. The dollar pared some of its losses after fresh economic data suggested the U.S. economy sustained momentum going into the second half of the year. Some chart-based selling was also behind gold’s 0.55% drop yesterday. A failure to break through the […]
July 2018 Median Household Income

July 2018 Median Household Income

Median household income in the United States rose to $62,450 in July 2018, with Sentier Research reporting a 0.4% increase over its June 2018 estimate of $62,175. The following chart shows the nominal (red) and inflation-adjusted (blue) trends for median household income in the United States from January 2000 through July 2018, as given by Sentier Research’s monthly estimates. […]
Stocks Outlook – Friday, August 31

Stocks Outlook – Friday, August 31

Thoughts Corporate profits are surging, even without Trump’s tax cut. Medium term bullish for stocks VIX is rising with the stock market. Not necessarily bearish for stocks. Ignore these bearish stock market analogues Commercial hedgers (smart money) are extremely bullish on gold and silver. Initial Claims are still trending lower. A medium-long term bullish sign […]
Did The EUR/USD Recovery Run Its Course?

Did The EUR/USD Recovery Run Its Course?

The EUR/USD bounced from the lows it reached on Thursday, but further upside moves may be limited. The Technical Confluences Indicator shows that the pair faces initial and significant resistance at 1.1690. This includes the Simple Moving Average 10-4h, the Bolinger Band 4h-Middle, and the Fibonacci 61.8% one-day. Close by, 1.1714 is another significant line of resistance. This is the convergence of the […]
Crude Oil Prices Hold Up But Gold Sinks As Risk Appetite Fizzles

Crude Oil Prices Hold Up But Gold Sinks As Risk Appetite Fizzles

Crude oil prices managed a narrow gain Thursday despite an otherwise broadly risk-off day across financial markets. An unexpectedly large drop in US inventories seemed to continue offering support. Soundbites from Iran appeared to help as Tehran again threatened to stop exports to the Middle East altogether if US-backed sanctions prevent it from shipping through the critical choke-point in the Strait of […]
Stocks For You To Swing-Trade: PTC, NFLX, TSG

Stocks For You To Swing-Trade: PTC, NFLX, TSG

Thursday’s Swing-Trades: Long Netflix (NFLX) Long PTC (PTC) Short The Stars Group (TSG)
AUDUSD Daily Analysis – Friday, August 31

AUDUSD Daily Analysis – Friday, August 31

AUDUSD is facing 0.7237 support, a breakdown below this level could take the price to next support level at 0.7200. Near-term resistance is at 0.7290, only a break of this level could bring the price back towards 0.7381 resistance.
Sensex Opens Flat; Idea Cellular Surges 4.7%

Sensex Opens Flat; Idea Cellular Surges 4.7%

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.2% while the Hang Seng is down 1.1%. The Shanghai Composite is trading up by 0.1%. US stocks ended their four-day winning streak on Thursday as trade anxieties resurfaced. Back home, India share markets have opened the day on a flat note with a […]