Author Archive: Jeremy Parkinson

BTC/USD Forex Signal – Monday, August 13

BTC/USD Forex Signal – Monday, August 13

Last Thursday’s signals produced a mildly profitable trade following the very large outside candlestick which rejected the identified support level at $6,178 on the hourly chart last Thursday. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Go […]
Yen In Focus As Risk Off Sentiment Continues

Yen In Focus As Risk Off Sentiment Continues

The Japanese yen remains firmly in focus this morning as fears of contagion concerning the Turkish lira continue to dominate the markets, with significant gapped down opens for all the yen pairs across the complex. As a barometer of risk, the AUD/JPY is just one example as trading gets underway in London with the pair […]
Yes, The U.S. Is The World’s Top Energy Producer

Yes, The U.S. Is The World’s Top Energy Producer

Last week President Trump was fact-checked for claiming the U.S. is the world’s largest energy producer. But in this case, the fact-checker had to be fact-checked. US President Donald Trump gestures as he speaks during a dinner with business leaders in Bedminster, New Jersey, on August 7, 2018. (Photo credit BRENDAN SMIALOWSKI/AFP/Getty Images). Last week […]
COT Report: Short British Pound Becomes A Consensus Trade

COT Report: Short British Pound Becomes A Consensus Trade

Looking at this week’s Commitments of Trader’s Report, the biggest changes in speculator positions can be seen in the US dollar index, British pound, Canadian dollar and gold. “Risk on” currencies, such as the euro and the Australian dollar, remain unattractive relative to the US dollar. Even traditional safe haven assets, such as gold and […]
Germany’s Economic Minister Calls On Europe To Defy Trump’s Iran Sanctions

Germany’s Economic Minister Calls On Europe To Defy Trump’s Iran Sanctions

German Economy Minister Peter Altmaier lashed out at the Trump administration in response to Washington’s ultimatum to cut all economic ties with Iran following the US pullout of the 2015 brokered JCPOA. Almaier told Bild newspaper on Saturday that Germany should be assertive and defiant in the face of American sanctions by actually investing more in Iran. He said, “We […]
Weekly Gold Forecast – Monday, August 13

Weekly Gold Forecast – Monday, August 13

Gold prices ended the week down $2.37 at $1211.32 an ounce, marking a fifth weekly decline, as a rally in the U.S. dollar overshadowed concerns over a deepening economic crisis in Turkey. World stock markets we mostly lower. U.S. stocks finished Friday in negative territory. The yellow metal saw little benefit from the turmoil in […]
The S&P 500 In The Week When Turkey Happened

The S&P 500 In The Week When Turkey Happened

The second full week of August 2018 was mostly uneventful for the S&P 500 (Index: SPX). From Monday, 6 August 2018 through Thursday, 9 August 2018, the index teased the possibility of topping its previous high record of 2,872.87 that was set back on 26 January 2018. And then, for lack of a better description, Turkey happened, and the S&P […]
World-Class Profitability At Carlsberg Brewery Malaysia

World-Class Profitability At Carlsberg Brewery Malaysia

Background Carlsberg Brewery Malaysia Berhad was incorporated in 1969 and is engaged in the manufacturing, distribution, and marketing of alcoholic beverages including beer, stout, and shandy and non-alcoholic malt beverages in Malaysia and Singapore with a stake in a Sri Lanka brewery. It also has regional presence in Thailand, Taiwan, Hong Kong, and Laos. Business […]
Sensex Trims Losses; Rupee Hits Record Low

Sensex Trims Losses; Rupee Hits Record Low

Stock markets in India trimmed some of their morning losses and are now trading slightly lower amid weak global cues and as Rupee hit its record low against the dollar. Losses are largely seen in bank stocks and PSU stocks. The BSE Sensex is trading down by 140 points and the NSE Nifty is trading down by 40 points. Meanwhile, the BSE Mid Cap index […]
USDCAD Daily Analysis – Monday, August 13

USDCAD Daily Analysis – Monday, August 13

USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.