Author Archive: Jeremy Parkinson
Junk Bond 12-Month Divergence Matter This Time?
Above compares the Pimco High Yield Fund (PHDAX) to the S&P 500 over the past 20-years. Junk bonds diverged from the S&P 500 for nearly 24-months, prior to stocks peaking in 2000. Junk bonds diverged from the S&P 500 for nearly 7-months, prior to stocks peaking in 2007. Junk bonds have been diverging from the S&P 500 for the […]
EUR/USD Finds It Hard To Recovery Despite Turkish Calm, Good Data
The EUR/USD attempted to recover on some ease in the Turkish crisis and upbeat Greman GDP. The crisis is far from resolved and the US Dollar is on the march. The technical picture remains bearish for the pair which is still out of the oversold territory. The EUR/USD was trading at around 1.1400, paring earlier gains. Turkey […]
Early Estimates See Slower-But-Still-Strong Growth For US Q3 GDP
The first official third-quarter report on US GDP is more than two months away, but the preliminary nowcasts point to a softer-but-still-solid gain, based on several estimates compiled by The Capital Spectator. The question is whether escalating trade-war tension and Turkey’s financial crisis that’s roiling emerging markets will take a bite out of the rosy projections […]
82 Firms Going Ex-Dividend Next Week, Including Target, Walgreens And Microsoft
There are several well known large cap stocks going ex-dividend next week including the following sixteen: Consolidated Edison, Kroger, Target, Invesco, Marathon Petroleum, Microsoft, Amgen, Duke Energy, Emerson Electric, Simon Property Group, United Technologies, AmerisourceBergen, Novo Nordisk, Southern Company, United Parcel Service and Walgreens. Ex-dividend dates are important to dividend investors because one must own a […]
Sensex Ends 207 Points Higher; Healthcare Stocks Witness Buying
Indian share markets continued to trade in the green during the closing hours of the trading session and ended the day on a positive note. Gains were largely seen in the healthcare sector, realty sector and energy sector. At the closing bell, the BSE Sensex stood higher by 207 points (up 0.6%) and the NSE Nifty closed higher by 79 points (up 0.7%). The BSE […]
Turkish Bath
The oil and petroleum markets took a Turkish bath yesterday, but in doing so it may have washed out the bearishness and put in our seasonal low. The moves in the market seemed beyond crazy because at the end of the day the Turkish currency crisis is much more political than a financial crisis. Oil […]
EURUSD: Correction To The Balance Line
Previous: On Monday the 13th of August, trading on the euro closed slightly up. Markets took a breather after a sharp drop which started on Friday due to increased tensions between The US and Turkey as well as the fact that Trump ordered the doubling of tariffs on Turkish metal. The Turkish crisis first started affecting […]
USDJPY: Sees Further Recovery Higher
The USDJPY pair looks to extend further recovery higher as more strength is likely. On the downside, support lies at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. On the upside, […]
E Forex Analysis Of EUR/USD For Tuesday, August 14
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 13, 2018, and the EUR/USD pair opened at 1.13714 and went high at 1.14324 and gone to low at 1.13646 and finally […]
Bitcoin Daily Forecast – Tuesday, August 14
BTC/USD Bitcoin continues to struggle overall, although we did gain 0.85% at the time of writing. Unfortunately, the market has not broken above a substantial resistance barrier, and in fact gave back quite a bit of gains for the day. It’s obvious to me that the $6000 level is a major barrier in this market, […]
