Author Archive: Jeremy Parkinson
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 […]
South African Rand Collapse Continues As Hopes On New President Fade
The year started well for the South African rand as traders placed their hopes with the new administration. As the year ended, the regime of the corrupt leader, Jacob Zuma ended and he was replaced by his deputy, Cyril Ramaphosa. Ramaphosa was a favorite for investors. As an accomplished businessman, they believed that he would […]
Gold Prices Plunge As Easing Market Panic Boosts Bond Yields
Gold prices sank to the lowest level in 19 months as the US Dollar held onto its crisis-inspired gains while Treasury bond yields recovered. That undercut support for non-interest-bearing assets epitomized by the yellow metal. Rates edged up as the dust began to settled after Friday’s bloodletting in emerging markets spilled over into broader risk aversion. Turkey’s central bank announced an […]
AUDUSD Daily Analysis – Tuesday, August 14
AUDUSD’s downside movement from 0.7453 extended to as low as 0.7256. Further decline is still possible and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could signal completion of the downtrend.
Can EUR/USD Rise Up After The Turkish Crisis?
The EUR/USD is still trading on the low ground following the Turkish crisis. Has it found a bottom? The Technical Confluences Indicator shows that the 1.1392 level is robust congestion of technical levels. This includes the 52-week low, last month’s low, last week’s low, the Fibonacci 61.8% one-day, the Simple Moving Average 10-4h, and the Bolinger Band one-hour low. Further down, 1.1365 is […]
