Author Archive: Jeremy Parkinson
E Markets: Not Contained
The horror of wildfires in the US and globally continues. There is no containment when climate change drives droughts and the tinder of dry forests finds the frailty of human judgment. So too for the markets today. The crisis in emerging markets is not contained even as the TRY gained back to 5.8830 early at […]
Bitcoin Daily Forecast – Wednesday, August 15
BTC/USD Bitcoin markets broke down again during trading on Tuesday, piercing the $6000 level but finding a little bit of support in that area on the short-term charts. The market has been bearish for quite some time, and I have reiterated almost daily that you should be selling, not buying. I still maintain that the […]
Turkish Coffee Hangover
One thing that several people have asked me to comment on already is this story. So here goes. Indeed, this is an exciting step towards the integration of blockchain technology into traditional finance. It’s nice to see such a reputable institution such as the World Bank using a private Ethereum network to monitor their new bond. […]
An Analyst Says Asset Allocation “In Serious Decline.” Really?
A Forbes columnist last week warned that asset allocation is falling on hard times. Rob Isbitts, founder and chief investment officer of Sungarden Investment Research, writes that “if you started investing in a typical asset allocation strategy any time since mid-2012, your returns have been progressively worse.” Using a set of BlackRock asset allocation ETFs as evidence, […]
Lackluster U.S. Retail Sales Report To Curb EUR/USD Losses
Updates to the U.S. Retail Sales report may spark a bearish reaction in the U.S. dollar as household spending is expected to increase 0.1% in July versus the 0.5% expansion the month prior. A marked slowdown in private-sector consumption may dampen the appeal of the greenback as it casts a weakened outlook for growth, with the U.S. […]
Turkey’s Erdogan Will Now Tax American Liquor And Cars
If Donald Trump thought Recep Tayyip Erdogan was going to be a pushover in the protracted diplomatic dispute centered around detained Christian pastor Andrew Brunson, the U.S. President has been disabused of that notion in a big way. One day after announcing a boycott of U.S. electronics including iPhones, Erdogan took things up a notch on Wednesday, slapping […]
BTC/USD Forex Signal – Wednesday, August 15
Yesterday’s signals were not triggered, as there was no bearish price action at $6,178 but the earlier long trade from $5,950 would be nice in profit if it had been allowed to run. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, over the next […]
Morning Call For Wednesday, August 15
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.61%) this morning are down -0.55% and European stocks are down -0.77% as global stocks and commodities slide on concern the China/U.S. trade spat and financial turmoil in Turkey will lead to slower economic growth throughout the world. Weakness in mining stocks, energy companies and raw-material producers are […]
Lira Surges After Turkey Crushes Shorts, Imposes New US Sanctions, Denies Brunson Appeal For Release
In a day in which the dollar set new highs against all emerging market pairs and global risk was on the defensive, the Turkish Lira bucked the trend and extended its rapid rebound from record lows, after Turkish regulators imposed new “soft capital controls” to prop up the battered currency, making it even harder for […]
Lira Rallies On Cut In Swaps, But Fails To Dent Dollar Demand
The Turkish lira is extending yesterday’s recovery today on the back of actions by officials that are aimed at limiting foreign access to the lira to short. Without introducing new capital controls, regulators halved the amount of swap transactions banks can do to 25% of shareholder equity. This is meant to make it more difficult […]
