Author Archive: Jeremy Parkinson
Turkey’s Erdogan Will Now Tax American Liquor And Cars
If Donald Trump thought Recep Tayyip Erdogan was going to be a pushover in the protracted diplomatic dispute centered around detained Christian pastor Andrew Brunson, the U.S. President has been disabused of that notion in a big way. One day after announcing a boycott of U.S. electronics including iPhones, Erdogan took things up a notch on Wednesday, slapping […]
BTC/USD Forex Signal – Wednesday, August 15
Yesterday’s signals were not triggered, as there was no bearish price action at $6,178 but the earlier long trade from $5,950 would be nice in profit if it had been allowed to run. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, over the next […]
Morning Call For Wednesday, August 15
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.61%) this morning are down -0.55% and European stocks are down -0.77% as global stocks and commodities slide on concern the China/U.S. trade spat and financial turmoil in Turkey will lead to slower economic growth throughout the world. Weakness in mining stocks, energy companies and raw-material producers are […]
Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release
In a day in which the dollar set new highs against all emerging market pairs and global risk was on the defensive, the Turkish Lira bucked the trend and extended its rapid rebound from record lows, after Turkish regulators imposed new “soft capital controls” to prop up the battered currency, making it even harder for […]
Lira Rallies On Cut In Swaps, But Fails To Dent Dollar Demand
The Turkish lira is extending yesterday’s recovery today on the back of actions by officials that are aimed at limiting foreign access to the lira to short. Without introducing new capital controls, regulators halved the amount of swap transactions banks can do to 25% of shareholder equity. This is meant to make it more difficult […]
Kulicke & Soffa For Semiconductor Equipment & Packaging
Today I’m reviewing a small-cap semiconductor equipment & materials firm by the name of Kulicke and Soffa Industries, Inc. Its trading ticker symbol is KLIC. Kulicke & Soffa Industries Inc is engaged in the semiconductor industry. It manufactures and sells capital equipment and expendable tools used to assemble semiconductor devices. It operates in two segments, […]
America’s Indo-Pacific Economic Vision Is Merely Geopolitical Maneuvering
The Trump administration’s Indo-Pacific Vision is not an alternative to Chinese and other development initiatives in the Asia Pacific. It is a geopolitical play that is likely to benefit mainly advanced economies. What the Asia Pacific needs is a sustainable, long-term plan for accelerated economic development – not new geopolitical divisions. On July 30, U.S. […]
The World Is Drowning In Debt
The U.S. economy grew by 4.1 percent during the past quarter, and that’s good news. All the economic signs are positive. Or are they? There is much less discussion about debt, which has hit another record high. The global debt just reached $247 trillion for the first quarter of this year. That is $29 trillion […]
USDCAD Daily Analysis – Wednesday, August 15
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3170 already. Further decline is still possible and next target would be at 1.2961 support. Resistance is at 1.3170, only a beak of this level could trigger another rise towards 1.3300.
Good Growth Trend At Indonesian Tech Retailer Erajaya Swasembada
Background Established in 1996, PT Erajaya Swasembada Tbk is an importer, distributor, and retailer of telecommunication devices. ERAA has built strategic partnerships with 14 reputable product brands and collaborated with leading network providers in Indonesia for their distribution channels. Business Description The group operates mainly through its many subsidiaries, most of which are fully owned. […]
