Author Archive: Jeremy Parkinson
When Storage Does Not Save One From Low Commodity Prices
When prices are low for a storable commodity, agents (farmers or intermediaries) can wait for higher prices to sell. Of course, there is a carrying cost to storage for many commodities, like soybeans (deterioration of stock, direct storage costs, opportunity cost of capital tied up in commodity). Hence, while storage can mitigate losses, it does […]
Excellent Profitable Growth At ACE Hardware Indonesia
Background PT ACE Hardware Indonesia Tbk was established in 1995. The company primarily engages in home improvement and lifestyle products in the retail industry. With over 13,000 employees, it has 177 stores in 47 cities in Indonesia. ACES has a portfolio of 68,000 stock keeping units. Business Description ACES holds the master franchise rights of […]
Gold Rises As Dollar Weakens
Gold prices rose $2.81 an ounce on Wednesday as the dollar’s recent rally stalled. XAU/USD initially headed lower yesterday but the anticipated support around the $1206 level pushed prices higher. World stock markets were mixed while U.S. stocks swung between gains and losses. The key levels remain unchanged as XAU/USD is struggling to make it […]
1.2777 Is The Next Downside Target For GBP/USD
The GBP/USD extended its falls and collapsed below 1.2900 as a no-deal Brexit looks more real. The Technical Confluences Indicator shows that the GBP/USD has lots of resistance lines on the way up. The initial hurdle awaits at around 1.2900 which is the convergence of the Bolinger Band one-day Lower, the BB 1h-Upper, the 4h high, and the Fibonacci […]
USD/JPY Needs To Break Support For Impulsive Wave-C
USD/JPY 4 hour Source: Admiral Markets MT5 with MT5SE Add-on USD/JPY motive wave The USD/JPY downtrend channel is now challenging two key support trend lines (blue). The support zone is a critical spot for a bullish bounce or bearish break. A bullish bounce could indicate a larger and expanded wave B, whereas a bearish break could confirm the continuation […]
Gold Price Chart Hints At Bottoming After US 10-Year Bond Auction
Gold prices rose yesterday as the US Dollar retreated alongside Treasury bond yields after hitting a 13-month high intraday. That helped the yellow metal leverage its appeal as an anti-fiat and non-interest bearing alternative. The move came after demand held impressively steady despite a record-setting offering of $26 billion in 10-year notes. The bid-to-cover ratio registered at 2.55, […]
AUDUSD Daily Analysis – Thursday, August 9
AUDUSD is facing 0.7440 resistance, a breakout of this level could take the price to the next resistance level at 0.7483. Near-term support is at 0.7370, below this level could bring the price back towards 0.7310 previous low.
Stocks For You To Swing-Trade: WTW, KBR, NWS
Thursday’s Swing-Trades: Long Weight Watchers Int’l (WTW) Long KBR (KBR) Short News Corp. (NWS)
Sensex Hits 38,000-Mark; Banking & Energy Stocks Gain The Most
Asian equities are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 1.4% while the Hang Seng is up 0.7%. The Nikkei 225 is trading down by 0.3%. Meanwhile, the S&P 500 closed slightly lower on Wednesday as falling crude prices and trade jitters held markets in check. The Nasdaq posted its seventh consecutive daily advance, while the Dow was […]
S&P 500 And Nasdaq 100 Forecast – Thursday, August 9
S&P 500 The S&P 500 was a bit choppy during trading on Wednesday but ended up relatively unchanged. While not again, was a nice turnaround after what had been an initial selloff to kick off the US session. Because of this, it appears that there is a certain amount of interest near the 2850 level, […]
