Author Archive: Jeremy Parkinson
Sensex Ends Volatile Day Flat; FMCG Stocks Lead Gains
After opening the day in red, share markets in India witnessed volatile trading activity throughout the day and ended the day on a flat note with a positive bias. Sectoral indices traded mixed, with stocks in the power sector and stocks in the realty sector, leading the losses. At the closing bell, the BSE Sensex stood higher by 20 points (up 0.1%) […]
Gold In 2048
The Next 30 Years for Gold In May, the World Gold Council published a report titled “Gold 2048: The next 30 years for gold.” The publication starts with the George Magnus’s overview of global economic trends between now and 2048. The first big trend will be the further growth of developing countries and the rise of the […]
As Trade Conflict Escalates, Copper Price Gets Hammered
Copper was one of the best-performing commodities in 2017. The performance was highly correlated to the overall performance of the world economy and the perceived demand as the world shifted from the combustion engine to electric vehicles. This year, however, the commodity has become beleaguered. Year-to-date, the price has fallen by about 8%. The declines […]
EURUSD: Exiting The Wedge
Previous: On Monday the 25th of June, trading on the euro closed up. After falling to 1.1628, buyers returned it to the resistance of 1.1675. Against the backdrop of a decline in US Treasury yields, they successfully overcame it to close the day’s candlestick at 1.1713. Donald Trump continues to shake up the markets with plans […]
Chinese Stocks Slump Into Bear Market As ‘Weaponized’ Yuan Continues To Tumble
China’s Shanghai Composite is down 22.8% from its late-January peak – officially entering its 4th bear market in 3 years – as Trade Wars (for now) are weighing heavier on China than US markets. SHCOMP is down 45% from its highs in June 2015 Year-to-Date, the more tech heavy Shenzhen Composite is the worst performer… And TATS […]
Will Commodities, S&P 500 & Debt Mean Revert?
The most overlooked aspect of any investment framework are preconceived notions, otherwise known as absolute truths, that we perceive as eternal, unwavering and unquestionable. It is very difficult to question almost every belief you understand to be true, but it can be extremely beneficial. The more investment experience you have, the sooner you realize that […]
Chart: Global Equity Market Breadth Breakdown
Here’s a key standout chart from the latest Global Cross Asset Market Monitor (one of our weekly chart packs), it shows global equity market breadth… and more to the point, it shows global equity market breadth completely breaking down. For clarity, this metric is the proportion of countries/markets whose main equity benchmark is trading above its respective 200-day moving […]
AUDUSD Daily Analysis – Tuesday, June 26
AUDUSD is now in short-term uptrend from 0.7345, the pullback from 0.7443 is likely consolidation for the uptrend. Further rally is still possible after the consolidation and next target would be at 0.7520 area. Support is at 0.7390, only a breakdown below this level could trigger another fall towards 0.7300.
Cortex (CTXC) Artificial Intelligence Token Leads The Market With A 35% Gain
The altcoin that caught my eyes today is Cortex CTXC. It led the top 100 crypto gains with a 35% surge. I’m bringing this crypto up because of the nature of their algorithm. If done right, they could be in the path to conquer the crypto world. Cortex (CTXC) Overview Ranking 76 on the market cap […]
Interest Rates And Its Effect On Gold And Precious Metals
An interest rate is the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. The assets borrowed could include cash, consumer goods, and large assets such as a vehicle or building. In terms of borrowed money, the interest rate is typically applied to the principal, […]
