Author Archive: Jeremy Parkinson
Impact Of Federal Government Changes Remain To Be Seen
On Monday, Congress passed a three-week spending bill to end the government shutdown that kicked off late last week. Immigration debate was a central topic between Democrats and Republicans, and the next three weeks will likely see continued debate on this front. Jerome Powell, who has been a member of the Federal Reserve Board of […]
The Darlings Of Davos
Global equity markets roared this week and even accelerated to new all-time highs on the close. Growth Stocks and Big Caps continued their tear, up over +2% for the week. However, some global equities did even better than the US, like China, which outperformed US equities by 2x. Trump shocked the economic elite at Davos […]
Gold At A Pivotal Point
Gold prices are very close to their strong resistance level at $1,350 – $1,380 per ounce. source: Stockcharts.com A thesis on a final breakout is supported by the physical demand. For example, the IAU ETF has added a large amount of gold in January up-to-date (465 thousand ounces): source: Simple Digressions and IAU […]
GBP/USD Weekly Analysis – Sunday, Jan. 2, 2018
GBP/USD extended its upside movement from 1.3027 to as high as 1.4345. A further rise is still possible after a minor consolidation and the next target would be at the 1.4500 area. Near term support is at 1.4000, only a breakdown below this level could bring price back to next support level at 1.3800 area. […]
ETFs And Behavioral Finance
There are over three million stock indices in the world, more than 70 times as many as actual stocks. Before learning this startling fact in the FT the other day, I might have guessed wildly at 1% of this figure, thinking it way too high. Although the growth in Exchange Traded Funds (ETFs) is not solely responsible […]
Weekly Trading Forecast: Can FOMC, Jobs Data Lift The US Dollar?
The US Dollar has fallen for seven weeks straight, its worst showing in over a decade. Can the Fed rate decision and US jobs data improve its fortunes? US Dollar Forecast: US Dollar to Focus on External News Flow, Look Past FOMC and NFP The US Dollar is more likely to find a lifeline from external […]
Cryptos Bounce Back After Biggest Cyber-Heist In History
Following the biggest cybertheft in history – $534 million from Japan’s Coincheck – cryptocurrencies are soaring back higher after the exchange confirmed that it will issue full refunds to all of the 260,000 of its users who have become victims of the Friday NEM hack. As a reminder, the Coincheck exchange was hacked Friday, Jan. 26, resulting in […]
The Complete List Of Wilshire 5000 Stocks
The Wilshire 5000 Total Market Index, or simply the Wilshire 5000 Index, is a market-capitalization-weighted index of all equities that are actively traded in the United States. Because of its depth and breadth, the Wilshire 5000 Index is an excellent place to look for investment opportunities. You can download your list of Wilshire 5000 stocks […]
USD/JPY Takes A Deep Dive – Jan. 29. – Feb. 2
Dollar/yen fell sharply to the lowest levels since September. Does it have more in store? The drop is mostly a result of the weakness of the US dollar, also fueled by commentary from Mnuchin. Yet the BOJ also had a minor role in pushing the yen higher. USD/JPY fundamental movers US Treasury Secretary Steven Mnuchin said that “a weak […]
Trading Support And Resistance – Jan. 28
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over […]
