Author Archive: Jeremy Parkinson
Cotton Recent Fall Presents An Interesting Buying Opportunity
Cotton is an important agricultural crop used for the apparel industry. Cotton-made products are known for their quality, beauty, and their durability but lightweight. As the world’s population has increased, so has the need for cotton. This is because every day, cotton-made clothes are worn by more than 6 billion people. Cotton’s producing industry is […]
Crude Oil Prices May Fall If EIA Inventory Data Echoes API Call
Crude oil prices swung lower as members of a UK union at three Total-owned rigs agreed to negotiations on hours and pay following a series of strikes. The news hinted at the possibility that further supply disruption might be avoided. The down move as amplified as API reported that US inventories unexpectedly added 3.66 million barrels […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, August 15
S&P 500 The S&P 500 had a positive session, gaining over 0.5% during the day, but it wasn’t the easiest day to be in the market. I recognize that there is still a significant amount of resistance above, and that the 2880 handle continues to be major supply. I believe in short-term pullbacks, as a […]
E Investors Brace Themselves For Possible EM Contagion
The Turkish balance of payments crisis threatens to spread to key emerging markets which have amassed huge foreign currency debts, especially in the private sector. If the Turkish economy can be knocked so heavily off course, the fear is that South Africa, India, Indonesia, Argentina and, possibly Brazil, could be next line to rattle international […]
AUDUSD Daily Analysis – Wednesday, August 15
AUDUSD extended its downside movement from 0.7453 to as low as 0.7222. Further decline is still possible after a minor consolidation and next target would be at 0.7100 area. Near-term resistance is at 0.7283, only a break of this level could signal completion of the downtrend.
Gold Continues To Slide, Hitting 18-Month Lows
Gold prices are lower in early Asian trading Wednesday, suffering from a stronger U.S. dollar index. XAU/USD tested the resistance in the $1200-$1198 area yesterday, but it was unable to break through. U.S. economic data due for release today includes retail sales, the Empire State manufacturing survey, industrial production and the NAHB housing market index. […]
Battle Of The Tech ETFs: TECL Vs. XLK
It’s not surprising to see a high level of interest in the tech sector. Whether its the promise of cloud computing (NYSEARCA: SKYY), clean energy transportation (NYSEARCA: LIT), or improved cyber-security (NYSEARCA: HACK), technology always leads other sectors with arguably more innovation per square foot compared to everything else. But it’s also leading in terms […]
Turkey Could Create A Larger Crisis Than Greece
The Turkish Lira collapse should have surprised no one. Yet, in this bubble-justifying market, it did. First and foremost, the lira decline has been ongoing for some time, and has nothing to do with the strength of the US dollar in 2018. The collapse of Turkey was an accident waiting to happen and is fully […]
US Household Debt Hits Record $13.3 Trillion
Total household debt hit a new record high, rising by $82 billion to $13.29 trillion in Q2 of 2018, 3.5% higher than a year earlier according to the NY Fed’s latest household debt report. It was the 16th consecutive quarter with an increase in household debt, and the total is now $618 billion higher than the […]
Pure Corruption
In December 1999, Princeton Professor Ben S. Bernanke wrote a relatively obscure paper largely denouncing the Bank of Japan’s shyness. Japan’s economy had by then been mired in its first Lost Decade, one which at that moment not everyone was sure should have been lost. It was fashionable at the time to pile on the BoJ. Dr. […]
