Author Archive: Jeremy Parkinson
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, […]
E LTCUSD And ETCUSD Looking Bearish
LTCUSD made a beautiful drop from the former wave (4) swing high, that was found at 61.74 level. The current weakness we regard as wave (5) of three, that can look for a low and a temporary bullish reversal near the 47.500/46.000 region where the Fibonacci projection ratio of 61.8 and the lower channel line […]
Russell 2000 Up Strong 9.1% YTD – At Critical Technical Juncture
Small-caps have rallied nicely year-to-date. Supposedly, they benefit the most from last December’s tax cuts and are also considered insulated from negative effects of a trade war. They now sit at a critical technical juncture. Over the last eight weeks, the index has been denied at 1700-plus three times – 1708.10 on June 20, […]
How Startups Are Using The Internet To Optimize Growth
It’s never been a more exciting time to start a small business. The huge advances in technology mean that so much more is achievable than in previous decades. Make the right choices and there are plenty of options for your new business that allow you to optimize growth and succeed in today’s competitive marketplace. Big […]
Morning Call For Tuesday, August 14
Overnight Markets And News Sep E-mini S&Ps (ESU18 +0.35%) this morning are up +0.35% and European stocks are up +0.37% on a temporary respite from Turkey’s financial turmoil. The Turkish lira rose more than 5% against the dollar and Turkey’s 10-year government bond yield fell more than 100 bp to 21.46%. White House National Security Adviser […]
Reacting To The Buck
Extreme market action continues. What began earlier this week as a rout in the Turkish Lira has quickly spread throughout all markets and now it seems to be affecting the cryptos as well. All the major cryptos fell over the last 24 hours. Bitcoin managed to hold the most steady and Ethereum bore the brunt […]
E Hold On To Cash And Be Ready To Trade The Downside
On Monday, August 13, 2018, SPX was down -11.35 points to close at 2821.93; the Dow was down -125.44 points to close at 25,187.70; and the Nasdaq slid -19.5 points to close at 7819.71. The US markets held up much better than the Asian markets, where Hong Kong and Shanghai led the slide. Seemingly, the […]
Chart Of The Week: Cyclicals Vs. Defensives
Globally, we’ve been seeing a rotation between cyclicals vs. defensives, but there’s one market where we’ve yet to see this play out. For America, cyclicals have been a major source of strength, and that may not necessarily be a good thing.
Italy Warns That Stopping QE Will Lead To Collapse Of Eurozone
Italy has called on the ECB to guarantee the bond yields warning that if they END quantitative easing the Eurozone will break apart. On this score, they are not wrong. The economic spokesman for the Italian governing party Lega has warned of a collapse of the Eurozone. The ECB should ensure that the yield spreads of government bonds of the […]
