Author Archive: Jeremy Parkinson
Sensex Trades Above 38,000; Realty And Banking Stocks Witness Buying
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 realty sector and banking sector witnessing maximum buying interest. The BSE Sensex is trading up 137 points (up 0.4%), while the NSE Nifty is presently trading up 23 points (up 0.2%). The BSE Mid Cap index is trading […]
BoE Hikes For The Second Time Since Lehman
Are there more central banks than the Fed and the ECB? Oh, yes. Last week, the Bank of England raised rates 25 basis points. What does it imply for gold? Second Hike in 10 Years On last Thursday, the Bank of England’s Monetary Policy Committee voted to raise its key interest rate from 0.50 to […]
Bitcoin Daily Forecast – Thursday, August 9
BTC/USD Bitcoin markets got hammered again during trading on Wednesday, in somewhat of a broken record. I think that this point in time it’s obvious that any time this market rallies, you need to be selling. The 6000 level offers a significant amount of support, but I think the one thing that you cannot get […]
Natural Gas Price Spike May Be Looming
In the previous article, The U.S. Is Still The Global Natural Gas King, I highlighted the rise of the United States as the world’s leading natural gas superpower. Workers look at the LNG Sakura liquefied natural gas tanker berthed at Tokyo Gas Co.’s Negishi LNG terminal in Yokohama, Japan, on Monday, May 21, 2018. This was Japan’s […]
Cryptocurrencies Reach Lowest Point In 2018, IOTA, Aeternity Among Top Losers
This week, the cryptocurrency market took a full-on downturn towards key support levels on Wednesday after the SEC decided to delay their decision-making on the first Bitcoin ETF. The biggest loser in the top 100 major cryptocurrencies by market cap was Aeternity (AE) which lost 22%. In top 10, IOTA (MIOTA) was the losers champ […]
Three Things I Think I Think – Tesla X 3
Oh yeah baby. This the post you have not been waiting for – all Tesla all the time. Here are three things about Tesla I think I am thinking about: 1) Tesla and short-termism. So, Tesla is talking about going private. The main reason for this is supposedly because the stock creates all sorts of short-term distractions that are […]
When Storage Does Not Save One From Low Commodity Prices
When prices are low for a storable commodity, agents (farmers or intermediaries) can wait for higher prices to sell. Of course, there is a carrying cost to storage for many commodities, like soybeans (deterioration of stock, direct storage costs, opportunity cost of capital tied up in commodity). Hence, while storage can mitigate losses, it does […]
Excellent Profitable Growth At ACE Hardware Indonesia
Background PT ACE Hardware Indonesia Tbk was established in 1995. The company primarily engages in home improvement and lifestyle products in the retail industry. With over 13,000 employees, it has 177 stores in 47 cities in Indonesia. ACES has a portfolio of 68,000 stock keeping units. Business Description ACES holds the master franchise rights of […]
Gold Rises As Dollar Weakens
Gold prices rose $2.81 an ounce on Wednesday as the dollar’s recent rally stalled. XAU/USD initially headed lower yesterday but the anticipated support around the $1206 level pushed prices higher. World stock markets were mixed while U.S. stocks swung between gains and losses. The key levels remain unchanged as XAU/USD is struggling to make it […]
1.2777 Is The Next Downside Target For GBP/USD
The GBP/USD extended its falls and collapsed below 1.2900 as a no-deal Brexit looks more real. The Technical Confluences Indicator shows that the GBP/USD has lots of resistance lines on the way up. The initial hurdle awaits at around 1.2900 which is the convergence of the Bolinger Band one-day Lower, the BB 1h-Upper, the 4h high, and the Fibonacci […]
