Author Archive: Jeremy Parkinson
Lululemon: Warning Signs & Stretched Valuation
Few would argue with the returns that Lululemon Athletica (LULU) has given shareholders this year. And, few would assert that their financial metrics are anything but excellent. Yet, with the stock hitting all-time highs, it’s worth asking whether the current stock price is justified. Given that the apparel industry is incredibly trendy, subject to boom […]
Australian Dollar Could Resume Its Slide
Weakness in iron and copper prices and tensions with China could weigh on the Australian dollar, short AUD/JPY? Political mayhem in Australia pulled Australian dollar to a weekly high. Despite the political upheaval, the Australian dollar rallied on optimism that new PM Morrison would not seek to radically change economic policies. He is the 6th […]
WTI Crude Oil And Natural Gas Forecast – Monday, August 27
WTI Crude Oil The WTI Crude Oil market had a strong session on Friday, reaching towards the $69.50 level before pulling back a bit. I think one of the main reasons we did pullback is that it was Friday, and people were probably willing to take profit. At this point, it’s obvious that the uptrend […]
Sensex Trades 428 Points Up; SBI & Power Grid Lead The Rally
Stock markets in India are trading strong following its global peers. Gains are largely seen in power stocks and bank stocks. The BSE Sensex is trading up by 428 points and the NSE Nifty is trading up by 124 points. Meanwhile, the BSE Mid Cap index is trading up by 1% while, the BSE Small Cap index is trading up by 0.9%. The rupee is currently trading […]
EUR/USD Recovers Lost Ground, Looking Bullish
The EUR/USD kicked off the week with a retreat from the highs. Markets are still digesting Powell’s words at Jackson Hole. The technical picture is bullish for the pair. The EUR/USD is trading around 1.1600, slightly lower on the day. Movements are limited as the UK enjoys a bank holiday and liquidity is more depressed. The US Dollar is […]
BTC/USD Forex Signal – Monday, August 27
Last Thursday’s signals were not triggered, as none of the key levels were ever reached that day. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch […]
Currency Inflation That Most Never Noticed
The decline in the dollar throughout the 1970s made German cars appear to appreciate and this was attributed to quality. This was the entire reason why the German car industry exploded. I have often stated at WEC conferences that I made the same play with a Ferarri in London. When the British pound dropped to $1.03 […]
Stocks Outlook – Monday, August 27
Thoughts High yield spreads continue to narrow. A medium-long term bullish sign for the stock market. Low levels of growth in margin debt suggests that the bull market still has room to run. New Home Sales fell a little but are still trending higher. A medium-long term bullish factor for the stock market. Building Permits […]
Chart: US 10-Year Bond Yield Seasonality
I was going through my fixed income strategy models and there were a number of really interesting charts, but I thought this one in particular was worth sharing. It shows in the red line the average pattern of movement in the US 10 year government bond yield by business day across the year (for the period 1962-2017). For […]
EURUSD: Approaching The Resistance At 1.1670
Previous: Last week, all the major currencies gained ground against the US dollar except for the yen. The biggest mover was the euro (+1.60%). The Swiss franc rose by 1.22%, the Kiwi dollar by 0.81%, the pound by 0.77%, the loonie by 0.28%, and the Aussie dollar by 0.13%. The yen, on the other hand, […]
