Author Archive: Jeremy Parkinson
S&P 500 & FTSE Face FOMC, BoE; DAX Still Trying To Mend Itself
Talking Points: FOMC on Wednesday, S&P 500 still working on holding its ground DAX trying to string together a rally, but it’s not coming easy BoE on Thursday, European Council meets; FTSE remains technically weak S&P 500 In the week ahead, all eyes will be on the Fed on Wednesday, as the world’s largest central bank is expected to raise rates […]
Gold’s Narrow Trade – Beware A Cascade
You know the expression: “Get in, strap down, shut up, hang on!“ For the agonizing narrow road upon which Gold has been slowly trudging these recent weeks is due to suddenly widen into a superhighway. And there’s no week like this new week for it to happen. But here’s the key question: in which direction?Up or down? Doubtless […]
USD/CAD Forecast Mar. 19-23 : Where Will The CAD Crash Stop?
Dollar/CAD was on an uptrend reaching the highest since June 2017 due to dovish words by Poloz, tweets by Trump and poor Canadian data. What’s next? The inflation and retail sales reports on Friday are the main events. Here are the highlights and an updated technical analysis for USD/CAD. BOC Governor Poloz said that the Canadian […]
Goodbye To “business As Usual” Model For Plastics
Polymer markets face two major challenges in coming months. The most immediate is the arrival of the major US shale gas-based ethylene and polyethylene expansions. The longer-term, but equally critical challenge, comes from growing public concern over plastic waste, particularly in the ocean. The EU has set out its vision for a new plastics economy, where: “All plastic packaging is reusable […]
3 Japan Mutual Funds To Buy On Steady Economic Expansion
Japan registered economic expansion for eight quarters on the trot, courtesy of strong business spending and increase in investments in technology and machinery. Further, unemployment has been the lowest since April 1993. Also, influx of money into the economy in the form of consumer and private spending coupled with business-friendly economic and monetary policies provided […]
Focus On Finance
Note on “Focus” Posts: this weekend I decided to do things a little differently, and share some charts that were in a related industry. I am short all of these positions shown. ……….and, as a subset, insurance companies:
1984 Is Not The Future
Jacobello Alberegno, The Beast of the Apocalypse 1360-90 The Guardian ran an article yesterday by one of its editors, David Shariatmadari, that both proves and disproves its own theme at the same time: “An Information Apocalypse Is Coming”. Now, I don’t fancy the term apocalypse in a setting like this, it feels too much like […]
Will The Fed Rate Hike Be Dollar Bullish?
Investors remain convinced that the Federal Reserve will lift its interest rate target when its meeting concludes on March 21 with new forecasts and a press conference. Recent disappointing data, especially average hourly earnings, and retail sales, coupled with a core CPI that has been stuck at 1.8% for three months has seen some […]
A Short-Term Uptrend?
It isn’t much of a short-term uptrend. But the 50-day is upward sloping, and the 5-day is still above the 50-day. It’s really just a sideways consolation with a slight upward bias. The number of new 52-week lows is still at a reasonable level. The bullish percents are still ticking higher, although just barely, […]
E Wyckoff Focus – Why Is S&P500 Not Ready To Surge Again?
Point 1 – Selling Climax On February 8 the price falls sharply below the previous support with a great volume. Panic is in the air, bad news is widely spread everywhere and there’s no sign of strength, neither a hint of reaction. The very next day the price reacts, supported by what we can […]
