Author Archive: Jeremy Parkinson
Crude Approaches Year-Old Trend Line
Crude oil has been climbing a trendline for the past year. This Great Graphic depicts this trend on a weekly bar chart. Depending exactly the line is drawn, it comes in now near $65 a barrel. The technical indicators are consistent with further losses. Oil is off for a third day, alongside other industrial commodities, including copper. In addition […]
Empire State Manufacturing Survey: Activity Remains Robust In August
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 25.6 was an increase of 3.0 from the previous month’s 22.6. The Investing.com forecast was for a reading of 20.3. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]
E Forex Analysis Of EUR/USD For Wednesday, August 15
In Forex Trading, every day is not an independent day, it is an extension day of the previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the EUR/USD pair opened at 1.13994 and went high at 1.14287 and gone to low at 1.13299 and finally […]
Wicksell’s Elegant Model
“It’s unbelievable how much you don’t know about the game you’ve been playing all your life.” – Mickey Mantle The word discipline has two closely related applications. Discipline may refer to the instruction and nurturing of an individual. It can also carry the connotation of censure or punishment. The purpose of discipline, in either case, is to […]
Netflix’s Race Against Time
If someone offered you the opportunity to invest your money in a company that has been around for well over a decade, hasn’t had positive cash flow in over 4 years (in fact, actually burned more cash each year), has an idea but can’t really define when they’ll start making positive cash flows…. all for […]
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. […]
