Author Archive: Jeremy Parkinson
Midsummer Scenes From The U.S. New Home Market
We’re going to tell the story of the United States’ new home market primarily through pictures today, where our first chart visualizes the median and average sale prices of new homes in the U.S. from January 2000 through the just-reported preliminary data for July 2018. There’s quite a bit of month-to-month volatility in the sales […]
Homebuilder Shares Dramatically Underperforming: Consumer Confidence Didn’t Help
Homebuilder shares are down 12% to 23% while the stock market is up 9%. Housing data has been miserable. The Wall Street Journal reports Home-Builder Shares Miss Out on Stock Rally Consumer confidence tracking near 18-year highs, strong corporate earnings and soaring retail sales haven’t translated into gains across the housing market—something that has kept home-builder […]
GBP/USD Path Of Least Resistance May Be Down After The Jump
The GBP/USD soared on the optimism in Brexit talks after a long standstill. The pair topped 1.3000. What’s next? Resistance lines look more substantial than support ones. The Technical Confluences Indicator shows that a considerable cap awaits at 1.3057, where we see the convergence of the Bolinger Band one-day Upper, the Fibonacci 23.6% on-month, and the Simple Moving Average 50 […]
Gold Prices May Fall If PCE Data Puts Fed Outlook Back In Focus
Gold prices marked time Wednesday, managing a narrow retracement following the prior day’s weakness but falling short of substantive trend development. Perhaps tellingly, it was unable to capitalize even as cross-winds from a Brexit-inspired GBP/USD rally weighed on the US Dollar. The greenback’s weakness is typically a boon for the anti-fiat yellow metal. Crude oil prices began the day with a […]
EUR/USD Is Testing Critical Support In Uptrend Channel
EUR/USD 4 hour Source: Admiral Markets MT5 with MT5 EUR/USD motive wave The EUR/USD is testing the support trend line (blue) of the bullish trend channel. A bearish breakout could indicate the end of wave A (purple) and the start of a wave B (purple), whereas a bullish bounce could extend the wave A to a higher high. The […]
AUDUSD Daily Analysis – Thursday, August 30
AUDUSD failed to break above 0.7381 resistance and pulled back to 0.7275. Lengthier sideways movement in a trading range between 0.7202 and 0.7381 could be expected in the coming days.
Stocks For You To Swing-Trade: WWE, MTOR, TIF
Wednesday’s Swing-Trades: Long World Wrestling Enertainment (WWE) Long Meritor (MTOR) Short Tiffany and Co. (TIF)
Indian Indices Open Marginally Lower; Banking And Energy Stocks Witness Selling
Asian shares are trading on a mixed note today. The Nikkei 225 is up 0.1% while the Hang Seng is down 0.7%. The Shanghai Composite is trading down by 0.8%. Back home, India share markets opened the day marginally lower. The BSE Sensex is trading down by 31 points (down 0.1%) while the NSE Nifty is trading down by 13 points (down 0.1%). The BSE Mid Cap index […]
Gold Prices Gain In A Quiet Trade
Gold prices ended Wednesday slightly higher after a quiet session. XAU/USD revisited the $1208-$1206 area after prices found support at around the $1200 level, but it was unable to break through. In economic news, the Commerce Department reported that gross domestic product increased at a 4.2% annual rate in the second quarter. World stock markets […]
