Author Archive: Jeremy Parkinson
What Next After The Recent GBP/USD Sell-Off?
In June 2014, the GBP/USD pair reached a high of 1.7185. After that, the pair started moving down, with the descend accelerating in June 2016 after the Brexit vote. Yesterday, the pair continued to move lower, reaching a low of 1.2840, the lowest level since August last year. The current descent is because of the […]
Sterling Slips On Brexit Worries
The world had a taste of how the markets would react to the UK leaving the EU immediately after the referendum on 23/6/16 – Sterling fell heavily against all other major currencies. It is still significantly lower than it was (pre-vote) as investors in forex try to digest the political and other fundamental news that […]
Bulls Snapped A Four Day Win Streak
My Swing Trading Approach Yesterday the market took a much-needed break, but overall it is still running hot over the past week. I am a bit light on my end, so I’ll likely look to add more long exposure today, if the market conditions will afford me the opportunity. Indicators Volatility Index (VIX) – Down five […]
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 […]
