Author Archive: Jeremy Parkinson
Ethereum Price Crash Almost Over – Bull Market To Resume In 2018
It is a painful month for cryptocurrency investors, at least the ones that bought high. Ethereum is one of those leading cryptocurrencies which we also consider to evaluate any future price trend in cryptocurrencies. So it’s worth analyzing the Ethereum chart, and comparing the insights to the other leading crypto charts like Bitcoin or leading blockchain […]
AUD/USD Weekly Analysis – Sunday, March 18
AUD/USD broke below 0.7712 support, suggesting that the downtrend from 0.8135 has resumed. A further decline could be expected in a couple of weeks and the next target would be at 0.7500 area. Key resistance is located at the falling trend line on the daily chart, and only a clear break above the trend line […]
Nearly Two Decades Of US-Canada Trade Balance Data
There seems to be some confusion regarding the distinction between trade balance in goods and services (a typical macro variable of interest) and trade balance in goods (more commonly reported, but less and less relevant on its own as countries become more service intensive). Figure 1: US-Canada bilateral trade balance (bold blue), and merchandise trade balance (red). NBER […]
The Bulls’ Last Stand?
Last week, I wrote the following: “… some cycles … suggest that a consolidation should take place over the next few weeks. Minor cycle lows are due next week, and larger ones around mid-April. And then, the all-important 40-wk cycle is due in mid-May. So the forecast made above could be altered by some corrective […]
Dow Jones’ Daily Volatility Continues To Increase
Since February 8 when the Dow Jones broke below its -10% BEV line in the chart below, it’s been building a pennant formation. I don’t know how significant it will be when the BEV plot breaks above or below the pennant, as technical analysis in today’s “regulated” markets isn’t what it used to be. However, […]
EUR/USD: Vulnerable, Threatens Further Weakness
The EUR/USD pair faces further weakness in the new week. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, support lies at the […]
FERC Ruling Pushes Pipelines Out Of MLPs
The fragile mental state of MLP investors left them ill-prepared for Thursday’s ruling by the Federal Energy Regulatory Commission (FERC). By modifying how MLPs calculate certain tariffs, it sent the sector on another wild afternoon ride. It’s a complex issue – pipelines owned by MLPs that cross state lines and rely on FERC-regulated tariffs are most vulnerable. […]
What Does Dodd-Frank Amendment Mean For American Express?
The American Express Co. AXP is likely to get a breather from the Senate’s recent decision to bring in a few amendments to the Dodd-Frank Act. Regulations and policies extensively control the company, TRS and its U.S. bank subsidiaries, American Express Centurion Bank (Centurion Bank) and American Express Bank, FSB (American Express Bank). The Dodd-Frank Reform was […]
Trading Support And Resistance – March,18
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
Bitcoin Battered To Fresh Lows After Twitter Joins Crypto Ad Ban
Facebook started it – banning crypto/ICO ads on Jan 30th, then came Google – copying Facebook’s ban on March 14h; and now, less than a week later, Twitter is signalling support for the crypto-crackdown , planning its own ban on ads. image courtesy of CoinTelegraph Sky news reports that Twitter is preparing to prohibit a range of cryptocurrency advertisements amid looming […]
