Author Archive: Jeremy Parkinson
Greenback Consolidates Pre-Weekend Pullback In Quiet Turnover
The US dollar is slightly firmer against most of the major currencies, as the light participation and lack of fresh news see a consolidative tone emerge after the pullback at the end of last week. Although markets in Turkey are closed for a nearly week-long holiday, it has not prevented the lira from weakening. After […]
EURUSD Remains Bearish
On EURUSD we see the price falling sharply since February when the pair have completed a corrective rally of a higher degree. Notice that there was a strong and extended leg down through April which fits as sub-wave three of an impulsive decline. As such, more weakness will be expected as fall should be made […]
Where Next For The Yen Index?
For many of the yen pairs last week was one of volatile price action, with sentiment swinging from risk on, to risk off and back again as each day brought a fresh round of positive or negative news, and all of this was amply reflected on the daily chart of the yen index, which traded […]
SPY Shorts With M/T Focus Have Option To Sell Weekly Puts
Bulls put foot down on major US equity indices last week. They have the ball near term. Shorts with medium-term focus can sell weekly puts to raise the short price. The greenback acts strong. The US dollar index (95.98) hit a 13-month high last week. The week before, it rallied past 95-plus, which provided […]
Sturm, Ruger & Co Is Back In The Hunt
Today I’m reviewing a small-cap aerospace & defense firm named Sturm, Ruger & Company, Inc. Its trading ticker symbol is RGR. Sturm Ruger & Co Inc is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company also manufactures and sells investment castings made from steel alloys for internal use in […]
USDCAD Daily Analysis – Monday, August 20
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3174 already. Deeper decline is still possible and next target would be at 1.2961 support. Resistance is at 1.3174, only a break of this level could trigger another rise towards 1.3250 area.
AMD’s Advance Sits On Weak Fundamentals, But With Room To Grow
Back in the 1990s, processor speeds doubled nearly every year. As we hit the most recent decade, the increases in processor performance slowed the rate of real development to a crawl. What’s most interesting during this time period is the rise and fall of companies in the technology sector. Intel, being the behemoth that it […]
Bitcoin Daily Forecast – Monday, August 20
BTC/USD The Bitcoin market rallied again during the trading session on Friday, to complete a bit of a rounding pattern for the week. However, we are still at very extreme lows, and at this point, I think that rallies are still to be sold. The nice thing about the Bitcoin market is that it is […]
Trade Tariffs & Jackson Hole To Chart FX Market This Week
The uncertainties are high as tariffs arrive, short AUD/USD? Markets will be watching Powell to offer any possible clue on Fed’s monetary policy during Jackson Hole With Fed Chairman Jerome Powell set to deliver a Friday morning speech, investors will be looking for clarity on a host of issues ranging from ; the likely path of interest rates […]
Valuations Aren’t The Main Catalyst Of This Bull Market
It’s obvious to most investors with any experience that they can’t justify buying an asset just based on the recent price action alone (technical analysis aside). You don’t buy based on price; you buy based on value. The price action means nothing without context. This point needs to be extended to multiples. When investors review […]
