Author Archive: Jeremy Parkinson
EURUSD: Prices Trying To Find A Foothold
Previous: On Thursday the 23rd of August, trading on the euro close down. After an upwards correction to 1.1591, the euro slid to 1.1530. This drop was facilitated by a statement from the Kansas City Fed Chief Esther George that the central bank needs to continue raising interest rates this year and perhaps into next year. […]
Platinum At 10-Year Lows
Platinum prices have really dropped hard reaching 10-year lows as the collapse of Turkey’s lira did in fact rippled through emerging market currencies which resulted in the decline of the currency of top producer South Africa. This has indeed underscored the persistent oversupply of the autocatalyst metal. Auto production has been declining for the most part […]
Australia PM Turnbull Ousted, To Be Replaced With Morrison; Aussie Dollar Spikes
One day after Australia slumped into a leadership crisis, when prime minister Malcolm Turnbull found that his support has collapsed, moments ago Liberal party lawmakers voted to oust Malcolm Turnbull, deepening political instability that’s seen six changes of prime minister in little more than a decade, Sky News reported. Turnbull will be replaced with Treasurer […]
S&P 500 And Nasdaq 100 Forecast – Friday, August 24
S&P 500 The S&P 500 has gone back and forth during the session on Thursday, as the market continues to struggle with the highs. That’s not a huge surprise, and we did form a massive shooting star on Wednesday that will have a lot of people concerned. I think there is support at 2850, but […]
GBP/USD Remains Pressured On The Edge
The GBP/USD fell on US Dollar strength but stabilized as the greenback took a breather. What’s next? The Technical Confluences Indicator shows that the pair has significant support at 1.2830 which is a dense cluster of potent technical levels including the Simple Moving Average 10-15m, last week’s high, the SM 5-4h, the SMA 5-15m, and the Fibonacci 23.6% one-day. […]
Stocks Outlook – Friday, August 24
Thoughts The stock market’s seasonality is bearish in September. A short term bearish factor. Fears of a Trump impeachment are short term worries for the stock market. Medium-long term traders can ignore it. Truck Tonnage is trending higher. A medium-long term bullish sign for the stock market. Initial Claims are still trending lower. A medium-long […]
Gold Slips As Dollar Rebounds
Gold prices fell $10.82 an ounce on Thursday, weighed down by a stronger dollar. The greenback was boosted by the FOMC minutes which said the Federal Reserve will likely hike interest rates next month. Investors are awaiting Fed Chairman Jerome Powell’s speech at an annual gathering of central bankers in Jackson Hole. From a chart […]
Next Up: Global Synchronized Easing
Global economic tightening is a pipe dream. It hasn’t happened yet, and likely won’t. Bloomberg writer Komal Sri-Kumar says, and I agree, Don’t be Surprised by a Switch Global Synchronized Easing. Global investors are positioned for a coordinated tightening of monetary policy by the world’s major central banks. Although the U.S. Federal Reserve is already far […]
Stocks For You To Swing-Trade: ADBE, NOW, ARWR
Friday’s Swing-Trades: Long Adobe Systems (ADBE) Long ServiceNow (NOW) Short Arrowhead Pharmaceuticals (ARWR)
What Would Happen If Tesla Went Private?
Tesla CEO Elon Musk made waves earlier this month, when he publicly mused about the possibility to take the company private. In a tweet on Tuesday, August 7, 2018 Musk said he was “considering taking Tesla private at $420”, adding that he had already secured funding for a potential buyout. In an email to employees published by Tesla later the […]
