Author Archive: Jeremy Parkinson
S&P 500 And Nasdaq 100 Forecast – Monday, March 19
S&P 500 The S&P 500 initially tried to rally during the trading session on Friday but turned around to form a shooting star. The shooting star of course suggesting a bit of weakness, but I see plenty of support just below. I think that we may drift a little bit lower before attracting attention, somewhere […]
Yen May Continue Higher As G20 Meeting Stokes Trade War Jitters
The Yen outperformed in otherwise staid Asia Pacific trade. Japan’s Nikkei 225 stock index declined, offering a lift to the standby anti-risk currency. China announced that it will levy an anti-dumping levy on chemicals imports from Japan, which may have sparked the sell-off. South Korea was also targeted, and its KOSPI equities benchmark likewise fell. Duties will range from 16 to 190 percent. […]
Eurozone Banking Crisis – ECB Delays Rules For Bad Loans Until 2021
The European Central Bank (ECB) has postponed its new guidelines for banks because if it did not, the Italian banking system would simply collapse. The ECB has given Eurozone area banks more time to adapt to new guidelines on how to deal with bad loans. The deadline has been postponed from 2018 off into 2021. […]
USDCAD Daily Analysis – Monday, March 19
USDCAD’s upside movement from 1.2803 extended to as high as 1.3110. Further rise is still possible and next target would be at 1.3200 area. Near-term support is at 1.3050, as long as this level holds, the uptrend will continue. On the downside, a breakdown below 1.3050 would indicate that consolidation for the uptrend is underway, […]
The Benefits Of RRSPs And How To Use Them
Ah, tax time. For some it’s a burden, paying the government sucks. But at one point in our lives, we will be pulling a fast one and getting money back from the government. For some, this can come in the form of tax free investment option like a TFSA. You can learn, start contributing to […]
EUR/USD Forecast Mar. 19-23 – Has Euro-zone Growth Peaked?
EUR/USD traded in a narrow range and eventually ended the week lower once again. Will it extend its falls or bounce now? PMI data and business surveys stand out in a busy week. Here is an outlook for the highlights of this week and an updated technical analysis for EUR/USD. ECB President Mario Draghi called for patience […]
Looking Towards A Dovish Fed Meeting
Last week was another week of up and down in the stock market that ended with the major market indices little changed. To sum it up, the market was treading water ahead of this week’s Federal Open Market Committee meeting as it digested the latest news emanating from Washington. Two weeks ago, we faced questions […]
Forex Forecast: Pairs In Focus – March 18
In my previous piece last week, I saw the best possible trades for the coming week as long of the EUR/USD currency pair, and long of the Nasdaq U.S. stock market index. The EUR/USD currency pair fell by 0.13% while the NASDAQ fell by 1.30%, producing an average loss of 0.59%. Last week was relatively […]
FANG And Apple Now Account For A Quarter Of The Nasdaq, And Some Are Getting Worried
While many parts of the market have experienced a rise in price volatility in recent months, it has largely been a one-way street for the tech darlings of Wall Street: Apple, Facebook, Amazon, Netflix and Google, also known as FANG + Apple, have grown their collective market value by more than 40% in the past year to […]
Twitter: Big Winner With More Room To Run
Readers of nextbigtrade.com got alerted to a monster breakout in Twitter back on October 29, 2017 when it broke out of a Stage 1 base on a massive increase in volume. Let’s take a look at the technical action in the stock before and after that key event and highlight some important turning points. Source: Secrets […]
