Author Archive: Jeremy Parkinson
More Generational Lows In Jobless Claims
This week’s Jobless Claims report came in lower than expected as first-time claims dropped to 213K compared to expectations of 220K and last week’s reading of 219K. While 208K remains the lowest weekly print of the cycle, this week’s reading is only 5K above that, which is practically a rounding error when it comes to […]
E Forex Analysis Of GBP/USD For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and the GBP/USD pair opened at 1.29379 and went high at 1.29592 and gone to low at 1.28531 and finally closed at 1.28817. The calculated pivot point for the day is 1.28959. The difference between high and low was nearly […]
Obedience Is Elegance
I must say once again how remarkably well-behaved the crypto crap is when it comes to technical analysis. This is how it’s supposed to work, expressed as a chart, when central bankers are falling all over themselves to prop things up. Good old classic human psychology at work. Here, for instance, is LiteCoin. Notice how each key […]
The US Dollar Is About To Collapse… Here’s How To Play It
Why the USD is about to collapse? The Fed left rates unchanged last week, upgrading its view on the economy from “stable” to “strong.” It also reiterated its plans to raise rates two more times in 2018. Put simply, this was a notably hawkish Fed meeting. Which is why it’s striking that the USD didn’t […]
8-Measures Say A Crash Is Coming, Here’s How To Time It
Mark Hulbert recently penned a very good article discussing the “Eight Best Predictors Of The Stock Market,” to wit: “The stock market’s return over the next decade is likely to be well below historical norms. That is the unanimous conclusion of eight stock-market indicators with what I consider the most impressive track records over the past six […]
More Uncertainty As Stocks Got Closer To January Record High
The U.S. stock market indexes were mixed between -0.2% and +0.1% on Wednesday, as investors hesitated following the recent advance. The S&P 500 index remains above the level of 2,850 and it currently trades just 0.5% below the January’s 26th record high of 2,872.87. The Dow Jones Industrial Average lost 0.2% and the technology Nasdaq Composite gained […]
E GBPNZD: Bullish Triangle In Progress
GBPNZD is trading in a big sideways range since the beginning of 2018, but we can clearly see a triangle pattern, which is a continuation pattern, so more upside is in view. RBNZ leaves rate unchanged and NZD is weakening. It was actually expected and our members were warned about that based on many XXX/NZD […]
How Close Are We To “Full Employment”?
As I pointed out Friday, there was a lot of good news underneath the headline jobs gain — primarily in labor force participation and underemployment. So, how close are we to “full employment,” based on the last few expansions? Let’s start with the simple, straightforward unemployment rate of 3.9%. This is already considerably below the […]
Gold Bulls Would Love To See A Rally Here
The chart looks at the price patterns of the Aussie Dollar over the past 20-years. The trend on the AU$ is up over the past couple of decades and it is down since peaking back in 2011. The decline of late has the AU$ testing 17-year rising support and the apex of a potential bullish falling wedge […]
E Markets: Idiosyncratic
A spate of earthquakes around the South China Sea from Indonesia, Taiwan and Philippines puts us on Tsunami alert but nothing happens and its all explained away as aftershocks from this weekend’s tragedy. For markets we see similar warnings, the quakes in TRY, NZD and RUB all look important but are explained away today as idiosyncratic. Those […]
