Author Archive: Jeremy Parkinson
Brief Respite But Little Relief
Corrective pressures grip the capital markets today, helped by the easing of the selling pressure on Turkey, but its more a respite than a relief as no new policy initiatives are behind the lira’s upticks. The implication of this is that it is unlikely to last. In fact, the dollar’s low in early Europe a […]
Sensex Up Over 240 Points; Rupee Touches Record Low
After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the IT sector, realty sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 242 points (up 0.6%) and the NSE Nifty is trading up 81 points (up […]
USDCAD Daily Analysis – Tuesday, August 14
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2961. As long as the price is above the trend line, the fall from 1.3170 could be treated as consolidation for the uptrend, and further rise towards 1.3250 is still possible after the consolidation. Only a clear break […]
Stocks Outlook – Tuesday, August 14
Thoughts VIX suggests that the stock market’s short-term bottom is near. Freight Transportation Services Index is trending higher. A medium-long term bullish sign for the stock market. Commercial and Industrial Loan Growth is trending higher, removing this bearish worry for the stock market. 1 am: VIX suggests that the stock market’s short-term bottom is near. VIX […]
Gold Stocks Are Not Too Oversold Yet
In recent days Gold has been more oversold than the gold stocks. Entering this week, the gold stocks were fresh off a major technical breakdown. An upside or downside break can lead to a market stretching beyond what typically qualifies as overbought or oversold. After Monday’s selloff, the gold stocks are hitting oversold levels but […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, August 14
WTI Crude Oil The WTI Crude Oil market initially fell during trading on Monday, perhaps in reaction to the general “risk off” attitude of the markets after the situation in Turkey. The US dollar strengthening put a lot of negative pressure on the oil markets, but we also have several situations going on at the […]
Applied Materials Has The Gear To Turn Out Chips
Today I’m reviewing a large-cap semiconductor equipment & materials firm by the name of Applied Materials, Inc. Its trading ticker symbol is AMAT. Applied Materials Inc is a supplier of semiconductor manufacturing equipment. It provides equipment, services and software to the semiconductor, flat panel display, solar photovoltaic and related industries. It operates through three segments: […]
Australian Dollar Remains A Short Opportunity As China Continues Slowing
In our last commentary on the Australian dollar, we wrote that the currency was an enticing short opportunity thanks to slowing Chinese growth and a bearish trend. Specifically, we recommended shorting AUD/USD as means to express a bearish view on the currency. Since that time, the pair has weakened (from 0.7560), and is trading around 0.7280 on August […]
Mid-Quarter Snapshot Of Dividend Cuts In 2018-Q3
The third quarter of 2018 is nearly half over, which makes it a good time to see how the number of dividend cuts that have been announced over the previous six weeks compared with the same points of time in the third quarter of 2017 and also the previous two quarters of 2018! Let’s start […]
Tezos (XTZ) Nosedive Continues Despite Positive Coverage
Today we’re taking a look back at Tezos (XTZ), a newly released crypto that we covered a week after its initial release back in July 2018. Since raising $232 million on their ICO in 2017, the Tezos has had a very rough ride, and still batting some obstacles including lawsuits and what was described by a July […]
