Author Archive: Jeremy Parkinson
Spillover Emerging
Plenty of interesting moves in the markets lately. Top of every investor’s mind is the Turkish Lira and its ongoing slide. Also, the Russian Ruble, Mexican Peso, and the South African Rand are making massive movements Some experts are calling it an emerging market currency rout. The thing is, emerging market currencies shouldn’t necessarily correlate […]
OpenText Software: Better To Manage Random Info
Today I’m reviewing a large-cap software – application firm by the name of Open Text Corporation. Its trading ticker symbol is OTEX. Open Text Corp develops and sells enterprise information management (EIM) software. The company offers EIM software that allows clients to archive, aggregate, retrieve, and search unstructured information the better to manage it. In […]
Morning Call For Monday, August 13
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.28%) this morning are down -0.30% at a 1-week low and European stocks are down -0.70% at a 1-1/4 month low on concern of contagion of the Turkey economic crisis to European banks. Losses in European bank stocks led the overall market lower as the Turkish lira plunged […]
Downtrend To Continue?
The U.S. stock market indexes lost 0.7-0.8% on Friday, retracing some of their early August advance, as investors reacted to global stock markets’ rout. The S&P 500 index broke below its relatively narrow three-day-long trading range following bouncing off the resistance level of around 2,860-2,865. It currently trades 1.4% below the January’s 26th record high of 2,872.87. […]
Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop
Since April, when the dollar finally shook off the stigma from America’s deteriorating fiscal outlook on the way to rallying behind hawkish Fed policy and a favorable shift in rate differentials, questions about the resiliency of emerging markets have popped up time and again. “Monetary stimulus by the Fed and other advanced economies played a […]
Japan’s GDP: In The Sweet-Spot
Japan’s GDP report was a nice, positive surprise. Real GDP accelerated 1.9% in the April–June quarter, which was about half a percent better than consensus expectations. After the contraction in the previous quarter, this suggests an underlying growth rate of around 1% so far this year. This is right around Japan’s growth potential—fast enough for corporate profits […]
Turkey Drives Risk-Off, But Pressure Abating
The failure of Turkey to grab the bull by the horns, so to speak, and come to grips with the situation saw the dollar soar above TRY7.23 (from TRY6.43 at the end of last week) and to ZAR15.55 (from ZAR14.09). The Mexican peso, the strongest currency this year, and which has been partially protected by […]
BTC/USD Forex Signal – Monday, August 13
Last Thursday’s signals produced a mildly profitable trade following the very large outside candlestick which rejected the identified support level at $6,178 on the hourly chart last Thursday. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Go […]
Yen In Focus As Risk Off Sentiment Continues
The Japanese yen remains firmly in focus this morning as fears of contagion concerning the Turkish lira continue to dominate the markets, with significant gapped down opens for all the yen pairs across the complex. As a barometer of risk, the AUD/JPY is just one example as trading gets underway in London with the pair […]
Yes, The U.S. Is The World’s Top Energy Producer
Last week President Trump was fact-checked for claiming the U.S. is the world’s largest energy producer. But in this case, the fact-checker had to be fact-checked. US President Donald Trump gestures as he speaks during a dinner with business leaders in Bedminster, New Jersey, on August 7, 2018. (Photo credit BRENDAN SMIALOWSKI/AFP/Getty Images). Last week […]
