Author Archive: Jeremy Parkinson
Weekly Unemployment Claims: Down 6K
Here is the opening statement from the Department of Labor: In the week ending August 4, the advance figure for seasonally adjusted initial claims was 213,000, a decrease of 6,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 218,000 to 219,000. The 4-week moving average was 214,250, […]
US Producer Price Surge Slowed In July
After accelerating on and off for the last few months, Core Producer Prices and Final Demand both came in lower than expected in July as a drop in margins for fuels offset a rise in guestroom rentals and drug prices. PPI Final Demand printed +3.3% YoY (against 3.4% prior and expectations) In July, a 0.1-percent rise in […]
E Forex Analysis Of EUR/USD For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and the EUR/USD pair opened at 1.15973 and went high at 1.16274 and gone to low at 1.15722 and finally closed at 1.16089. The calculated pivot point for the day is 1.16028. The difference between high and low was 55 […]
Morning Call For Thursday, August 9
Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.06%) this morning are up +0.05% and European stocks are down -0.36% in mixed trade. Strength in mining stocks and commodity producers are giving a lift to the overall market with Sep COMEX copper (HGU18 +1.84%) up +2.04% to a 1-week high. Fund buying pushed copper prices higher on […]
Oil: Days Like This
Even in long-term bull markets, you are going to have a day like yesterday. Oil and products crashed down to major support as it was hit with a confluence of headlines and bearish weekly Energy Information Administration (EIA) data. Fears of the impact of sanctions on China, Iran, Russia and Turkey did not help and […]
Bull Of The Day: Micron (MU) – Thursday, August 9
Micron (MU – Free Report) has been a Zacks #1 Rank since late May after the company’s Analyst & Investor Event when CEO Sanjay Mehrotra raised guidance for Q3 and unveiled their powerful growth plans in multiple markets, including datacenters, mobile, cars, and the IoT. The maker of dynamic random access memory (DRAM), NAND flash memory, CMOS image […]
Sensex, Nifty Close At Record Highs; Banking And Metal Stocks Witness Buying
Indian share markets continued their momentum during closing hours of trade and ended the day at their fresh record high levels. Gains were largely seen in the realty sector, metal sector and banking sector. Both, the Sensex and Nifty, ended their day at record closing highs. At the closing bell, the BSE Sensex stood higher by 137 points (up 0.4%) and the NSE […]
5-Year Treasury Market’s Inflation Forecast Dips To 3-Month Low
Economists are expecting that US consumer inflation will hold steady in tomorrow’s July update while Fed funds futures are pricing in another rate hike at next month Federal Reserve meeting. Yet the implied inflation outlook via 5-year Treasuries bears watching in the days ahead as it suggests that a new round of disinflation could be […]
Rub US The Wrong Way
As crypto prices continue to fall, the news coming in from the industry is still resoundingly good. Positive developments on the ground are being announced at a rapid rate. The most intriguing IMHO of which has come from Microsoft. Without getting too technical, this new enterprise-ready product is about to make it a whole lot easier for organizations […]
Sterling Remains Under Pressure, While The Greenback Firms Broadly
The global capital markets are mostly quiet. US sanctions on Turkey and Russia are pressuring their respective currencies, and the New Zealand dollar has slumped nearly 1.5% on the back of a dovish hold by the central bank. The Kiwi is at 2.5-year lows near $0.6650. Sterling is lower for the sixth consecutive session amid […]
