Author Archive: Jeremy Parkinson
BTC/USD And BTC/JPY Forecast – Tuesday, March 20
BTC/USD Well, Bitcoin tried to rally during the day on Monday, but as you can see is starting to roll over already. At some point, it looks as if we will continue to see selling pressure every time we rally, so I think that the market will eventually try to break down to a fresh, […]
Indian Indices Trade Higher; IT Stocks Witness Buying
After opening the day on a flat note, stock markets in India witnessed buying interest and are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and consumer durables sector witnessing maximum buying interest. Metal stocks are trading in the red. The BSE Sensex is trading up 100 points (up 0.3%) and the NSE Nifty is trading up […]
EURUSD: Return To The Balance Point Would Be Nice After A Phase Of Growth
Previous: On Monday the 19th of March, trading on the dollar closed down. As the dollar declined across the board, the euro recovered to 1.2356. The British pound was a driving force on the currency market yesterday as it strengthened against the dollar following news that a transitional deal has been reached on Britain’s exit from […]
Oil Prices Continue Rising
Oil prices extended their gains on Tuesday, boosted by continued tensions in Venezuela and renewed tensions between Iran and Saudi Arabia. Despite the price increases resulting from global concerns, the rise was capped by continually increasing output in the United States, Brazil and Canada which is negating the efforts made by OPEC to limit production […]
Chart Of The Week: DM ERP
This week the “Chart of the Week” shows the equity risk premium across a couple of key developed economy stock markets. The equity risk premium provides a unique perspective on valuation, which brings in not just what’s going on with absolute valuations but also reflects the opportunity cost or trade-off vs less risky assets. This […]
UK Inflation, Jobs And BoE In Focus
The week ahead turns out to be a busy one with UK inflation, jobs and BoE coming into focus. According to the median estimates, UK’s inflation rate is expected to rise at a slower pace of 2.8% for the month of February. This marks a slower pace of increase compared to the 3.0% increase seen in […]
USDCAD Daily Analysis – Tuesday, March 20
USDCAD remains in the uptrend from 1.2803, the fall from 1.3124 is likely consolidation for the uptrend. Support is now at 1.3040. As long as this level holds, the upside movement could be expected to continue and next target would be at 1.3200 area. On the downside, a breakdown below 1.3040 support would suggest that […]
Crude Oil Prices Shrug Off Saudi Export Surge, API Data Up Next
Crude oil prices marked time following Friday’s somewhat mysterious upward push. Aggressive risk aversion and JODI data showing Saudi exports rose to 7.17 million barrels per day in January – the highest since March 2017 – failed to make a lasting mark on price action. Activity may return API inventory flow data crosses the wires. It will be judged against forecasts envisioning […]
U.S. Recession Probability Risk Still Minimal
The risk of a national recession beginning in the United States anytime in the next year, or specifically between 16 March 2018 and 16 March 2019, is slightly over 0.5%. If that sounds very familiar, that is because we wrote an almost identical lead sentence nearly six weeks ago! Then, as now, the occasion for our using […]
Fallacy Of Wage Growth And A Housing “Shortage” In Pictures
The WSJ says there is a “historic shortage of homes”. That’s nonsense, but sales are depressed. Why? Real wages explain. The Wall Street Journal claims there is a Historic Shortage of New Homes. Housing Crisis? Supposedly that picture constitutes “The Next Housing Crisis“. Why? Is everyone entitled to a home? The Journal interviewed one builder who […]
