Author Archive: Jeremy Parkinson
USDCAD Daily Analysis – Thursday, August 9
USDCAD dropped sharply from 1.3119 after breaking above 1.3096 resistance, suggesting that the pair remains in the downtrend from 1.3289. Deeper decline to test 1.2961 support is possible and a breakdown below this level could trigger further downside movement towards 1.2850. Resistance is now at 1.3119, only a break of this level could take the […]
EURUSD: The Target Of 1.1665 Remains In Force
Previous: On Wednesday the 8th of August, trading on the euro closed slightly up. High volatility on the market was observed during the European session. The euro rose from 1.1573 to 1.1628 amid a lack of important events and news concerning Sino-US trade relations. The Chinese authorities announced the introduction of import duties on goods from […]
WTI Crude Oil And Natural Gas Forecast – Thursday, August 9
WTI Crude Oil The WTI Crude Oil market fell rather significantly during the trading session on Wednesday, and then got an extra boost as although inventory was taken out in the United States, it was only about half of what had been anticipated. Because of this, it shows a slowing of demand, and most certainly […]
Kiwi Slumps After A Dovish Statement By Reserve Bank Of New Zealand
The New Zealand dollar – also known as the kiwi- nosedived today after the Reserve Bank of New Zealand (RBNZ) released its monetary policy decision. In the decision, the bank left interest rates unchanged, which was expected. The lower movements of the kiwi were because of the bank’s statement that the low interests would remain […]
10 Cryptocurrencies Shown As Real Bank Notes
It’s getting harder and harder to ignore the world of cryptocurrencies as they start to have a real impact on the fintech community and the wider world. That’s only likely to increase, so there’s no excuse for not knowing enough about them to see how they might apply to you and your business. However, cryptocurrencies can often […]
Sanchez Produces And Transports Oil And Gas
Today I’m reviewing a large-cap oil & gas midstream firm by the name of Sanchez Midstream Partners LP. Its trading ticker symbol is SNMP. Sanchez Midstream Partners LP is a US based company, focused on the acquisition, development, ownership and operation of midstream and other oil and gas producing assets. It operates in two segments, […]
Bitcoin: ETF News Is Everything That Matters – Here Is Everything You Need To Know
Many factors are moving the price of Bitcoin and other cryptocurrencies such as Ethereum and Ripple. Real-world usage, regulation, hacks, scaling, transaction times, transaction costs, and you name it. However, one specific question has come to dominate the scene: will a Bitcoin ETF be approved? 1) What is an ETF? An exchange-traded fund (ETF) is an investment fund that […]
Sensex Trades Above 38,000; Realty And Banking Stocks Witness Buying
Stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the realty sector and banking sector witnessing maximum buying interest. The BSE Sensex is trading up 137 points (up 0.4%), while the NSE Nifty is presently trading up 23 points (up 0.2%). The BSE Mid Cap index is trading […]
BoE Hikes For The Second Time Since Lehman
Are there more central banks than the Fed and the ECB? Oh, yes. Last week, the Bank of England raised rates 25 basis points. What does it imply for gold? Second Hike in 10 Years On last Thursday, the Bank of England’s Monetary Policy Committee voted to raise its key interest rate from 0.50 to […]
Bitcoin Daily Forecast – Thursday, August 9
BTC/USD Bitcoin markets got hammered again during trading on Wednesday, in somewhat of a broken record. I think that this point in time it’s obvious that any time this market rallies, you need to be selling. The 6000 level offers a significant amount of support, but I think the one thing that you cannot get […]
