Author Archive: Jeremy Parkinson
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 […]
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 […]
