Author Archive: Jeremy Parkinson
Forex Forecast: Pairs In Focus – Sunday, August 12
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Chart: Global Equities Death Cross Breadth
Given the swiftly changing picture in global markets, this is a key chart to keep on your radar. In fact, I like this chart so much that it actually featured in my top 10 charts to watch for 2018 back at the start of January. What it shows is the proportion of the 70 countries we monitor […]
Washout: Big And Small Specs Barely Net Positive On Gold As Shorts Pile On
Gold Sentiment is in the Washout Phase The Commitment of Traders (COT) reports come out on Friday. They reflect futures positioning as of the prior Tuesday. Bearish sentiment is now extreme. Speculators are the least-long in gold futures that I can remember. Here is the full chart from CotPriceCharts. Gold Spec Washout Washout […]
AUD/USD Forecast Aug. 13-17 – Lost Uptrend Support, Jobs In Focus
The Australian dollar fell sharply on a mix of a dovish RBA report and a Turkish crisis that became global. What’s next? Australia’s jobs report is in the limelight. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia left the interest rate unchanged as expected but hit the […]
EUR/USD Weekly Analysis – Sunday, August 12
EUR/USD broke below 1.1508 support and extended its downside movement from 1.2555 to as low as 1.1388. A further decline is still possible and the next target would be at the 1.1200 area. Resistance levels are at 1.1550 and 1.1851, only break above these levels could signal completion of the downtrend.
Beyond The Border Breakdown
It was only a few trading days ago that most U.S. equity indexes were at the highest levels in the history of Earth. They are cheerfully and blissfully overvalued, far more than all prior bubbles, and no meaningful breakdown has occurred in over 30 months. Even so, the markets outside the U.S. have been ripping at the seams, and I wanted […]
This Week In Stocks- Sunday, August 12
Our analysis of the S&P 500 (SPX) is for stocks to trade in a range, with downside risk increasing in the coming weeks as the current minor cycle comes to completion. In the meantime, we will keep an eye on the 2821 level, which is the bottom of our minor support zone. Below that, our […]
Biotech ETFs In Focus On String Of Q2 Earnings Beats
The biotech sector has been performing remarkably well driven by a wave of mergers and acquisitions, new tax legislation, and a positive regulatory backdrop. Strong Q2 earnings results have also added to the strength as most of the biotech giants such as Amgen Inc (AMGN), Gilead Sciences (GILD), Biogen Inc (BIIB) and Alexion Pharmaceuticals (ALXN) […]
Weekly Forex Forecast – Sunday, August 12
EUR/USD The Euro collapsed on Friday, as fears of contagion coming out of Turkey have taken a hold of the markets. The pair breaking below 1.15 is a significant turn of events, and I think it could send this market much lower, perhaps down to the 1.13 level in the short-term. I think that selling […]
