Author Archive: Jeremy Parkinson
Gold Slips As Dollar Jumps
Gold prices fell $9.64 an ounce on Monday as the dollar edged up ahead of this week’s Fed meeting and U.S. jobs report. No rate hike is expected, however, markets will be focusing on the central bank’s assessment of the economy and inflation for hints on the timing of future rate hikes and policy adjustments. […]
Stocks To Trade: ACM, TECK, SLCA
Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Aecom Technology (ACM) Long Tech Resources (TECK) Short US Silica (SLCA)
Visualizing History’s Biggest Crypto-Heists
The Japanese cryptocurrency exchange Coincheck had to admit having been targeted by hackers who got away with NEM coins worth half a billion dollars on Friday. As Statista’s infographic based on data by news agency Bloomberg shows, this wasn’t the first such heist. You will find more statistics at Statista In 2014, the crypto exchange Mt. Gox lost digital currency worth […]
AUD/USD Daily Analysis – Tuesday, January 30
AUD/USD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the uptrend and a breakout of 0.8135 resistance could trigger another rise towards 0.8200. Near-term support is at 0.8055. […]
Active Vs. Passive Investing
Performance matters when it comes to investing. One question that is often asked when it comes to investing is: Active vs. passive investing, which is better? For many years we’ve watched thousands of individuals invest, and the vast majority who tried to make money by picking hot stocks or by market timing end up hurting […]
“This Isn’t A Drill” Mortgage Rates Hit Highest Level Since May 2014
A housing bust may be just around the corner. Rates have climbed to a level last seen in May of 2014. Mortgage News Daily reports Mortgage Rates Surge to Highest Levels in More Than 3 Years. The chart does not quite show what MND headline says but the difference is a just a few basis points. […]
EUR/USD, GBP/USD Break Below Shallow 23.6% Fibonacci
EUR/USD 4 hour The EUR/USD continued with building a bearish retracement as part of a potential wave 4 (purple). Price has slightly broken below 23.6% Fibonacci level of wave 4 vs 3, which could still act as a support level. But a full bearish breakout could indicate that deeper Fibs like the 38.2% and […]
The Confounding US Dollar
Markets work to surprise the majority of people, the majority of the time. This is because the average of everybody’s expectations is already embedded in price. Nowhere is this more true, than in the currency markets. Consensus is the ultimate killer of currency trends. The chart above is a perfect example of this, where The Economist magazine cover […]
USD/CAD Daily Analysis – Tuesday, January 30
USD/CAD moved sideways in a trading range between 1.2281 and 1.2391. The sideways move is likely consolidation of the downtrend from 1.2590. Further decline would likely be seen and a breakdown below 1.2281 support could take price to 1.2200 area. The key resistance is located at the falling trend line on the 4-hour chart, only […]
Philadelphia Soda Tax Falls 15% Short Of Target
Based on final figures for January through October 2017, and preliminary estimates for November through December 2017, the city of Philadelphia is set to fall nearly 15% short of its $92.4 million revenue target for the first full year of its controversial soda tax. Overall, Philadelphia is set to collect $78.8 million from its 1.5 cents-per-ounce tax […]
