Author Archive: Jeremy Parkinson
Billion Dollar Unicorns: Revolut Looks To Expand In The US
According to a 2017 Allied Market Research report, the global neobanking market is expected to grow 51% annually through to the year 2020. Neobanks are the new kinds of banking organizations that use technology to provide complete online banking solutions to its customers. They do not have physical offices and branches and allow customers to complete […]
USD/CAD Rate Risks Larger Correction Ahead Of Canada CPI
CANADIAN DOLLAR TALKING POINTS USD/CAD pares the advance from earlier this month even as U.S. President Donald Trump tweets that Canada’s ‘Tariffs and Trade Barriers are far too high’, and recent price action warns of further losses as the exchange rate snaps the series of higher highs & lows from the previous week. USD/CAD RISKS LARGER […]
It’s Only A Matter Of Time Before The Turkish Lira Pushes The Gold Price Up
In Times of Crisis, the Gold Price Moves Higher—This Is Why It Hasn’t…Just Yet The gold price has not wavered from its downward course. On August 13, the gold price fell below the $1,200-per-ounce price floor to stop just above $1,197 per ounce. Chart courtesy of StockCharts.com For over a year, as the chart above shows, […]
NFIB Small Business Survey: “Small Business Optimism Index Nears Survey High In July”
The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for July came in at 107.9, up 0.7 from the previous month and its second highest of all time. The index is at the 100th percentile in this series. Today’s number came in above the Investing.com forecast of 106.9. Here is an […]
DAX: Bounce Can Be Temporary
DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended Minor wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where Minute wave ((w)) ended at 12640.87. Minute wave ((x)) ended at 12468.68 and Minute wave ((y)) of X ended at 12882.05 high. Down from there, the decline is showing […]
Forex Analysis Of GBP/USD For Tuesday, August 14
First, we look into the previous day trade and what happened on August 13, 2018, and the GBP/USD pair opened at 1.27452 and went high at 1.27892 and gone to low at 1.27333 and finally closed at 1.27599. The calculated pivot point for the day is 1.27608. The difference between high and low was nearly […]
Technically Speaking: “It Can Only Go Up From Here”
This past weekend, I discussed the correction last Friday as concerns over “Turkey Turmoil” grabbed headlines. “The market did indeed attempt to test all-time highs this past week, but, as noted, the overbought condition provided the fuel for a correction given the right catalyst. That catalyst appeared on Friday as the Lira plunged and Turkey edged closer […]
Companies Need To Know The Dollar Cost Of Employee Turnover
I would roll my eyes when I heard that a company should know the cost of employee turnover. Okay, I thought, for a particular business the cost is $14.3 million. What would anyone ever do with that figure? An economist wants something a bit different: How much would the cost increase if turnover worsened by […]
Four Straight Days In The Red
My Swing Trading Approach I am coming into today 100% cash, I closed my one short position yesterday for a profit. I am not totally sure where this market goes from here. We could see a bounce, but there is also little support underneath until 2801 on SPX is reached. I plan to watch the […]
Has Inflation Peaked?
Annual core CPI jumped 2.4 percent, the fastest pace since September 2008. Is it the peak – or just the beginning of inflation? And what does it mean for the gold market? What Happened? On Friday, the BLS released its latest report on inflation. It showed that the Consumer Price Index increased 0.2 percent in July, following a […]
