Author Archive: Jeremy Parkinson
Greenback Marks Time Ahead Of Powell
The US dollar is paring some of yesterday’s gains in quiet turnover ahead of Fed Chief Powell’s speech at Jackson Hole, the week’s last highlight. The euro and sterling are trading inside yesterday’s ranges, which the dollar has extended its gains against the yen to reach a two-week high near JPY111.50. News of a new […]
Jihan Wu’s Bitmain Invests In Blockchain Data Storage Startup Lambda
On 17th August 2018, bitcoin mining giant Bitmain reportedly staked an undisclosed amount towards the development of a “secure” blockchain-based infrastructure and decentralized applications on Lambda, the Singaporean startup revealed. Bitmain’s Lambda investing marks the company’s latest move to grow its blockchain-based infrastructure and decentralized applications (dApps). Although Bitmain’s input is a big boost to […]
Day Trading Vs. Investing: What’s The Difference?
One of the fascinating things about bitcoin is that even though the network is largely open source, data analytics are not always consistent. This makes for some interesting metrics and anomalies for crypto-analysts like myself to ponder on. For example, data on the blockchain is objective and fairly consistent but things like volumes on exchanges and […]
EUR/USD Dead-Cat Bounce Ahead Of Powell’s Jackson Speech
The EUR/USD bounced from the lows but the trend is to the downside. Powell’s Jackson Hole speech is highly anticipated and already causes tension. Trade fears could take over after the US-Chinese talks ending inconclusively. The EUR/USD is trading in the mid-1.1500s, holding onto the limited range. The pair is marginally higher on the day […]
US Trade Talks With China Collapse: No Further Talks Scheduled
Either Trump backs down from repeated threats or more tariffs are coming as talks with China collapse. Be prepared for an escalating trade war as U.S.-China Trade Talks End With No Sign of Progress. Trade talks between the U.S. and China failed to produce any visible sign of progress, reducing the prospects of a deal soon, […]
Biotech Snapshot: Healthcare Sector Remains Strong
We advised caution in our brief post last week avoiding new trades but recommend holding core positions in healthcare and biotech for a potential Q4 rally. This is a catch-up post looking for what may have missed over the past week. Normally the end of August is relatively quiet as earnings season is over and […]
Powell To Stay On Rate Hike Path Firmly
If Powell were to signal another two rate hikes towards the end of year, short EUR/USD? Jackson Hole symposium in Wyoming on Friday will firmly place Federal Reserve chair Jay Powell in the spotlight for investors as he faced the president voicing criticism of interest rate policy. However, we think Powell is likely to remain […]
USDCAD Daily Analysis – August 24, 2018
USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already. Further rally would likely be seen in a couple of days and next target would be at 1.3170 area. Support is at 1.3035, only a breakdown below this level could bring the price back towards 1.2961 previous low.
Indian Indices Trade Marginally Lower; Bank Stocks Witness Selling
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the banking sector and healthcare sector witnessing maximum selling pressure. The BSE Sensex is trading down by 121 points (down 0.3%), while the NSE Nifty is trading down by 33 points (down 0.3%). The BSE Mid Cap index is trading down by 0.5%, while the BSE Small […]
