Author Archive: Jeremy Parkinson
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 […]
EUR/USD Recovery Proving Shallow Despite Rebound By Lira
USD/TRY REVERSAL BOOSTING MARKET SENTIMENT… The US Dollar (via the DXY Index) is set to lose ground for the first time after four consecutive days of gains, thanks in part to improved investor risk appetite around Tuesday’s trading session. With focus remaining on Turkey, a sharp reversal in USD/TRY has market participants hopeful that any economic or […]
E Markets: Flippers
If yesterday was about contagion, today is about relief. The fact that TRY isn’t at a new low has brought out buyers of the dip. The flip-flop of mood has been attributed to this calming of Turkey contagion fears. The reality is that nothing has changed and that Erdogan now wants to ban Apple Iphones […]
Apple: Here’s What Three Experts Say About Risk
Tech giant Apple Inc. (Nasdaq: AAPL) kicked-off August with a cool $1 trillion in market cap- making history as the first U.S. company to achieve this. The ‘trillion-dollar baby’ has had a solid 2018, with shares jumping almost 24%. In other words, Apple is beating the market, with the S&P 500 ETF (SPY): just under 6%. Yet, is […]
E Forex Analysis Of USD/JPY For Tuesday, August 14
First, we look into the previous day trade and what happened on August 13, 2018, and the USD/JPY pair opened at 110.445 and went high at 110.906 and gone low 110.125 and finally closed at 110.628. The calculated pivot point for the day is 110.553. The difference between high and low was nearly 0.781 points […]
Gold Continues To Decline As The Dollar Strength Continues
The use of gold can be traced to the earliest manuscripts ever found. Its use as a prestige commodity and form of exchange is found in all these historic books. In the early 1900s, the world came to what was known the gold standard. During this time, gold was the only recognized means of exchanges. […]
Home Depot (HD) Tops Q2 Earnings And Revenue Estimates
Home Depot (HD – Free Report) came out with quarterly earnings of $3.05 per share, beating the Zacks Consensus Estimate of $2.84 per share. This compares to earnings of $2.25 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 7.39%. A quarter ago, it was expected […]
Junk Bond 12-Month Divergence Matter This Time?
Above compares the Pimco High Yield Fund (PHDAX) to the S&P 500 over the past 20-years. Junk bonds diverged from the S&P 500 for nearly 24-months, prior to stocks peaking in 2000. Junk bonds diverged from the S&P 500 for nearly 7-months, prior to stocks peaking in 2007. Junk bonds have been diverging from the S&P 500 for the […]
EUR/USD Finds It Hard To Recovery Despite Turkish Calm, Good Data
The EUR/USD attempted to recover on some ease in the Turkish crisis and upbeat Greman GDP. The crisis is far from resolved and the US Dollar is on the march. The technical picture remains bearish for the pair which is still out of the oversold territory. The EUR/USD was trading at around 1.1400, paring earlier gains. Turkey […]
Early Estimates See Slower-But-Still-Strong Growth For US Q3 GDP
The first official third-quarter report on US GDP is more than two months away, but the preliminary nowcasts point to a softer-but-still-solid gain, based on several estimates compiled by The Capital Spectator. The question is whether escalating trade-war tension and Turkey’s financial crisis that’s roiling emerging markets will take a bite out of the rosy projections […]
