Author Archive: Jeremy Parkinson
A Vision For The European Economic Future
I have seen the future of the European Economy and it is not looking good. The EU tracks a wide number of European wide economic indicators, everything from consumer credit, to unemployment expectations in the future. Much of the data is survey based and so it involves an individual opinion on a subject. It is […]
Weekend Reading: What Could Possibly Go Wrong?
What goes up, eventually comes down. That is just reality. The bull market that began in 2009, has now entered the final stage of “capitulation” as investors throw caution to the wind and charge headlong into the markets with reckless regard for the consequences. Of course, it isn’t surprising given the massive amounts of liquidity continually injected […]
US GDP Misses With 2.6% – USD Falls
The US economy grew at an annualized pace of 2.6%, significantly lower than 3% expected. Durable goods orders came out at 2.9% m/m, above 0.9% predicted. Core orders advanced by 0.6%, more than 0.5% forecast. The US dollar is initially lower. The US was expected to report an annualized growth rate of 3% in the […]
BTC/USD And BTC/JPY Forecast – Friday, Jan. 26
BTC/USD Bitcoin traders did very little during the session on Thursday, as we continue to bounce around above the $10,000 support level. We are above $11,000, which in and of itself is slightly positive, but I am still concerned by the lack of volume that we see in the market. I believe that for tells […]
DXY Bottom Not In Place Yet After ECB, Trump Walk Back
Video Length: 00:10:36 The Euro and the US Dollar had a particularly volatile Thursday (at least by recent standards) thanks to policymakers on both sides using rhetoric to influence price action. Yet where we stand almost 24-hours later, it’s evident that not enough has changed to justify looking at yesterday’s price action and concluding that […]
Gallup: Half Of Small-Business Owners Give Trump Administration High Marks
Gallup has done a deeper dive into the data in its latest poll, which I highlighted last night. The numbers show small businesses content with the state of the economy, giving the Trump Administration high marks in this area. From an overall economic perspective, the chart that matters most is the top-level one, which shows small […]
In A Bearish Place
We’re hearing a lot about Bitcoin these days. The stories range from fortunes made on the currency to the idea that this is the biggest bubble in history. What we’re not seeing much of are analyses of the Bitcoin market, and even less so of Bitcoin users. Now, in an article on the Fortune website, […]
Technology Continues To Lead US Sectors As Healthcare Heats Up
Shares of technology stocks remain the trend leader but healthcare’s recent strength suggests a changing of the guard may be near, based on a set of sector ETFs ranked by one-year return. Meanwhile, telecom is the only US sector nursing a loss for the year-over-year change, although real estate stocks are close to dipping into […]
EC At Davos, Geopolitics And Business Dance A Winding Waltz
It’s that other time of year again. The time when the world’s business and political elites gather at an Alpine resort in Davos, Switzerland, to compare notes on the challenges they face. The top risks under discussion this year, released in advance by the World Economic Forum, are cybersecurity and “a deterioration in the geopolitical situation.” […]
Cryptocurrencies Tumble After Popular Japanese Exchange Halts Withdrawals
All major cryptocurrencies tumbled on Friday morning after Tokyo-based Coincheck – one of Japan’s biggest crypto exchanges – abruptly halted withdrawals, triggering a panic as investors feared the exchange may have experienced a Mt. Gox-style hack. “Coincheck is a very well-known exchange in Japan,” said Hiroyuki Komiya, Chief Executive Officer of Tokyo-based Blockchain Technology Consulting. “We’ve seen […]
