Author Archive: Jeremy Parkinson
USD/CAD Weekly Analysis – Sunday, March 18
USD/CAD extended its upside movement from 1.2248 to as high as 1.3100. As long as the price is above the bullish trend line on the daily chart, the bullish move could be expected to continue and next target would be at 1.3200 area. The key support is at 1.2803, only a breakdown below this level […]
USD/JPY Forecast March 19-23: Consolidating Lower, Another Fall Coming?
Dollar/yen traded in a narrow range and suffered from political issues in both Japan and the US as well as rising tensions towards the Fed decision. After this consolidation, is the pair ready for another downfall? The Fed is clearly in the limelight, but the Moritomo scandal in Japan, Mueller’s investigation and trade continue to play […]
E Market Briefing For Monday, March 19
Dismissing ‘liquidity’ as a concern is so commonplace, that analysts celebrate the Senate trampling some banking reform rules that followed our projected ‘Epic Debacle‘ (financial crisis) beginning a decade ago. It is likely inappropriate (or naive) to remove stress tests and more, though of course temporarily that buttressed bank share performance (other of course than Wells Fargo […]
The Gold And Silver Bull Market Of 2018 About To Start
What a difference six months can make in the gold market. In October of last year we were looking at bearish gold price forecast for 2018. It was an assessment based on a deep analysis, not on emotions (pro vs anti gold) nor on a dogmatic belief like some permabears or permabulls. As always, we try […]
COT Report: Euro Bulls Ignore Waning Risk Sentiment
Looking at this week’s Commitments of Traders Report, notable changes include rising net positions in the USD index and the Swiss franc, and falling net positions in the Australian dollar and gold. Similar to last week, the only asset under our coverage that remains at an extreme is crude oil. The commodity is currently at […]
Weekly Forex Forecast – March 18
EUR/USD The EUR/USD pair initially tried to rally during the previous week but found enough resistance near the 1.24 level. We rolled over to form a bit of a shooting star, which is a negative candle, but there is a lot of support underneath. The 1.21 level underneath is massive support, as you can see […]
Pandora’s Box: Another Look At Steel Tariffs
Even if one foolishly believes tariffs can be a good thing, Trump went well beyond any semblance of rational thinking. The Peterson Institute for International Economics (PIIE) reports US Steel Is Already Highly Protected from Imports. The US steel industry has been the largest beneficiary of special protection from imports for decades, with more than […]
Weekly Market Outlook – It May Be Ugly, But The Bulls Are Holding The Line
The bulls were able to muster something of a gain on Friday after slowing the bearish train on Thursday. But, it wasn’t enough to undo the damage done earlier in the week. Stocks lost a little ground last week, bringing a quick end to the prior week’s healthy bullishness. It’s not the end of the […]
The Troubling Realities Of Our Energy Transition
I recently asked a group gathered to hear me speak what percentage of the world’s energy is provided by these six renewable sources: solar, wind, geothermal, wave, tidal, and ocean energy. Then came the guesses: To my left, 25 percent; straight ahead, 30 percent; on my right, 20 percent and 15 percent; a pessimist sitting […]
