Author Archive: Jeremy Parkinson
Gold Cycle Model Chart – Monday, June 25
2018.06.22 Gold Cycle Model Chart The right phase shift continues, and I suspect that it may continue for several months. This is due to a model error in both cycle length and phase for several decadal cycles at play during this time. The model does suggest that much lower prices for the gold fix are […]
Oil Markets Sway The Other Way
Oil gave up some of last week’s gains on Monday as traders began to analyze how increased production could impact the markets. A clear target for output hasn’t been released, leaving traders to guess how many more barrels per day will actually be produced as of July 1. Over the weekend, OPEC and non-OPEC producers […]
WaykiChain Gambling Token (WICC) Surges During Worldcup
Today’s market overview is suitable for gamblers, as we’re looking at WaykiChain, a blockchain-based gambling platform. Their beta App was released just in time for the World Cup when sports betting is at its peak. With that, WaykiChain’s token, WICC, led the market gains on Sunday with a 37% surge which brought its price to […]
Euro Forecast: Euro Turn To June CPI For Next Catalyst
Fundamental Forecast for EUR/USD: Neutral The Euro may have established a near-term low against many major currencies as bottoming efforts have emerged in the week after the European Central Bank’s dovish June rate decision. ECB President Draghi pledged to be “patient” on tightening monetary policy, so traders have started to weigh more heavily data that will directly impact […]
China’s RRR Cut Signals Shift To “Risk-Off” Mode
China cut banks’ RRR signals that trade tension is one of the biggest concerns for growth, short USD/JPY? China to cut RRR(Reserve Requirement Ratios) on July 5 amid potential escalation of trade tensions China’s PBOC will cut the amount of cash some lenders must hold as reserves, releasing a total of 700 billion yuan of […]
The S&P 500 And The Tariff Dog That Didn’t Bark
For all the news headlines about trade wars and tit-for-tat retaliatory tariffs, none of that trade-related news seems to be doing much to move the needle of the stock market. We’re not the only market observers to recognize that with little exception, the stream of trade-related news headlines isn’t contributing much more than noise to the daily action of stock […]
USD/JPY Bearish Break Of Triangle Pattern Aims At 108.75
USD/JPY 4 hour The USD/JPY remains in a triangle chart pattern for the moment. A break below the support trend line (blue) could indicate a deeper correction within wave X (purple) whereas a break above the resistance trend line could end of wave X and start a bullish correction of wave D (purple). 1 hour […]
Stocks For You To Trade: QRVO, TXN, EWBC
Monday’s Swing-Trades: Long Qorvo (QRVO) Long Texas Instruments (TXN) Short East West Bancorp (EWBC)
Sensex Opens Flat; Energy Stocks Lose
Asian share markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.4% while the Hang Seng is down 0.5%. The Shanghai Composite is trading up by 0.2%. Over the weekend, US stock indices closed mostly higher on gains in energy stocks. Back home, India share markets opened the day on a flattish note. The BSE Sensex is […]
S&P 500 And Nasdaq 100 Forecast – Monday, June 25
S&P 500 The S&P 500 rallied a bit during the trading session on Friday but gave back most of the gains as we could not keep up the move. It looks as if the market may go looking towards the 2750 level again, and then perhaps even lower than that. Otherwise, if we break above […]
