WTI Crude Oil And Natural Gas Forecast – Friday, Jan. 26
Jan 26, 2018
Jeremy Parkinson
Finance
WTI Crude Oil The WTI Crude Oil market has initially rallied during the trading session on Thursday but turned around to form a bit of a shooting star. The $63 level underneath should be supportive, as it was an area that has been noisy recently. I believe that the market will continue to go higher, […]
What Is Next After Bullish EUR/USD Reaches 1.25?
Jan 26, 2018
Jeremy Parkinson
Finance
EUR/USD 4 hour The EUR/USD bullish breakout has reached the main target at 1.25 as mentioned in our analysis throughout the week. Price bounced at the round 1.25 level and trend line (orange) but the bearish price action could be just a pullback within a larger wave 3 (pink). 1 hour The EUR/USD already bounced […]
EUR/USD Rate To Stay Bid On Lackluster U.S. 4Q GDP Report
Jan 26, 2018
Jeremy Parkinson
Finance
The advance 4Q U.S. Gross Domestic Product (GDP) report may generate headwinds for the greenback as the update is expected to show a small slowdown in the growth rate. Keep in mind, the Atlanta Fed’s GDPNow model still forecasts a 3.4% rate of growth even as ‘the forecast of fourth-quarter real residential investment growth decreased […]
How Much You Could Have Made Following Amazon’s IPO?
Jan 26, 2018
Jeremy Parkinson
Finance
Sorry to be a downer on a Friday, but you’re sure to cry after you read this…but not if you’re a long-time investor in Amazon (AMZN). The power of revolutionary companies is truly remarkable, and one ought to have a enough foresight to see where these unique companies can go in the future. I’m just […]
EURUSD: Trump Has Halted The Dollar’s Slide
Jan 26, 2018
Jeremy Parkinson
Finance
Previous: On Thursday the 25th of January, trading on the euro closed down on a day of high volatility. Sharp price fluctuations were seen on the major currency pairs as a result of comments from Trump, Mnuchin, Draghi, and Jordan. After hitting a new high in the European session, the euro entered a sideways trend leading […]
GDP: Here’s The Final Forecasts
Jan 26, 2018
Jeremy Parkinson
Finance
The first estimate for 4th-quarter GDP is due today. Let’s take a look at some estimates. GDPNow The GDPNow estimate as of January 25 is 3.4%. Nowcast The Federal Reserve Bank of New York Nowcast estimate as of January 18 is 3.9% Econoday Consensus The Econoday consensus estimate is 2.9% 2.2% to 3.3% is quite a range. Factor in Nowcast and […]
Gold: It Pulls Back On Profit Taking
Jan 26, 2018
Jeremy Parkinson
Finance
Gold prices ended Thursday’s session down $9.14 an ounce, as the dollar bounced after U.S. President Donald Trump said he wanted a strong dollar. Some normal profit-taking pressure was also behind gold’s 0.67% decline yesterday. The market challenged the resistance at $1365 twice, but it was unable to pass through. Consequently, XAU/USD fell below $1355 […]
The Blow-Off Premium
Jan 26, 2018
Jeremy Parkinson
Finance
How am I expected to offering multiple posts a day commenting on a market that basically looks like this? Well, it is what it is, right? I have been around for nearly thirteen years now, and I’m not going to walk away just because things have been Oh My God Boring And Awful for the past few […]
Uncharted Territory
Jan 26, 2018
Jeremy Parkinson
Finance
We’re living in unusual times, and trying to predict market movements is extremely difficult, which is why this time on the Big Picture, Jim Puplava discussed what’s concerning him and where we might expect to see market challenges develop in the near future. Strange Days Afoot Based on a number of metrics, we are living […]
How Uncle Sam Launders Marijuana Money
Jan 26, 2018
Jeremy Parkinson
Finance
In a blatant example of “do as I say, not as I do,” the US government is profiting handsomely by accepting marijuana cash in the payment of taxes while imposing huge penalties on banks for accepting it as deposits. Onerous reporting requirements are driving small local banks to sell out to Wall Street. Congress needs […]