Author Archive: Jeremy Parkinson
WTI Crude Oil And Natural Gas Forecast – Wednesday, August 15
WTI Crude Oil The WTI Crude Oil market has been very noisy during the trading session on Tuesday, initially trying to reach towards the $68 level and beyond, but we did turn around of form a bit of shooting star. The market looks as if it doesn’t know where to go next, so therefore I […]
Can Sterling Fall Further?
Brexit headlines continue to overshadow UK’s economic data, Short GBP/USD? UK’s unemployment rate fell to 4% yesterday which is a 43-year low. Wage growth slowed slightly but jobless claim increased lesser than expected. Sterling rose on the initial jobs data released, but gave up gains as Brexit headlines, market sentiment and risk appetite continue to […]
Tesla’s Hail Mary Play And Convertible Bond Hokey Pokey
Elon Musk’s Tweet about going private was likely an act of desperation. Tesla will not meet stated profitability goals. It’s looking increasingly likely that Musk’s August 7 Tweet about taking the company private was a purposeful distraction as well as a violation of security laws. Here is the Tweet once again. Am considering taking Tesla […]
The U.S. Is Unhealthy
With the CPI showing only 1.9% year over year inflation in medical costs, it’s easy to forget about the extremely high costs Americans pay if you are an economist only looking at the government inflation metrics. If you speak with most Americans, they will laugh at the idea that medical costs have only gone up […]
Stocks Outlook – Wednesday, August 15
Thoughts SKEW is going up. Not consistently bearish for the stock market Total Household Debt is rising. Not bearish for the stock market Delinquency Rate is trending downwards. Medium-long term bullish for the stock market 1 am: SKEW is going up. Not consistently bearish for the stock market SKEW represents the willingness of stock market traders […]
Following Our ‘Sell Gold’ Call, Precious Metal To Remain Weak
In our previous commentary on gold, we wrote that gold prices would keep falling for three reasons: (1) accelerating US inflation, (2) decelerating growth outside the United States and (3) an ongoing slowdown across emerging markets. Ultimately, all three factors were supportive for the US dollar, gold’s ultimate nemesis. Since that time (May 17), gold prices […]
EURUSD: Pair Technically Ready For A Correction
Previous: On Tuesday the 14th of August, trading on the euro closed down. After a correction to 1.1429 during US trading, the EURUSD pair dropped to 1.1320. The euro lost ground against the dollar despite the fact that the Turkish lira has stabilised. The lira gained 11% against the dollar. Traders shorted the euro on the […]
If The EUR/USD Wants To Recover, Breaking Above 1.1444 Is A Must
The EUR/USD consolidated its losses and is looking for a new direction. In order to stage a recovery and not only a dead-cat bounce, there are some hurdles to cross. The Technical Confluences Indicator shows that the 1.1444 is a convergence of potent technical lines: the Fibonacci 161.8% one-month, the Bolinger Band 4h-Middle, and the Bolinger Band one-day Lower. We also […]
GBP/USD Bearish Breakout Below Bear Flag Chart Pattern
GBP/USD 4 hour Source: Admiral Markets MT5 with MT5SE Add-on GBP/USD motive wave The GBP/USD made a bullish retracement and bearish continuation as expected in our wave analysis earlier this week. The GBP/USD broke below the support trend line (dotted blue) for a new low after a bearish bounce occurred at the 23.6% Fibonacci retracement level of wave 4 […]
