Author Archive: Jeremy Parkinson
NFIB Small Business Survey: “Small Business Optimism Index Nears Survey High In July”
The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for July came in at 107.9, up 0.7 from the previous month and its second highest of all time. The index is at the 100th percentile in this series. Today’s number came in above the Investing.com forecast of 106.9. Here is an […]
DAX: Bounce Can Be Temporary
DAX short-term Elliott wave analysis suggests that the rally to 12882.05 high ended Minor wave X bounce. The internals of that bounce unfolded as Elliott wave double three structure where Minute wave ((w)) ended at 12640.87. Minute wave ((x)) ended at 12468.68 and Minute wave ((y)) of X ended at 12882.05 high. Down from there, the decline is showing […]
Forex Analysis Of GBP/USD For Tuesday, August 14
First, we look into the previous day trade and what happened on August 13, 2018, and the GBP/USD pair opened at 1.27452 and went high at 1.27892 and gone to low at 1.27333 and finally closed at 1.27599. The calculated pivot point for the day is 1.27608. The difference between high and low was nearly […]
Technically Speaking: “It Can Only Go Up From Here”
This past weekend, I discussed the correction last Friday as concerns over “Turkey Turmoil” grabbed headlines. “The market did indeed attempt to test all-time highs this past week, but, as noted, the overbought condition provided the fuel for a correction given the right catalyst. That catalyst appeared on Friday as the Lira plunged and Turkey edged closer […]
Companies Need To Know The Dollar Cost Of Employee Turnover
I would roll my eyes when I heard that a company should know the cost of employee turnover. Okay, I thought, for a particular business the cost is $14.3 million. What would anyone ever do with that figure? An economist wants something a bit different: How much would the cost increase if turnover worsened by […]
Four Straight Days In The Red
My Swing Trading Approach I am coming into today 100% cash, I closed my one short position yesterday for a profit. I am not totally sure where this market goes from here. We could see a bounce, but there is also little support underneath until 2801 on SPX is reached. I plan to watch the […]
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 […]
