Author Archive: Jeremy Parkinson
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, […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, June 26
WTI Crude Oil The WTI Crude Oil market has pulled back a bit during the day on Monday, testing the $68 level. There is plenty of support just below and there’s also the 50 EMA on the hourly chart that shows signs of offering a bit of dynamic support, so I think that it’s only […]
Indian Indices Trade Marginally Higher; Telecom Sector Up 1.3%
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the telecom sector and FMCG sector witnessing maximum buying interest. The BSE Sensex is trading up 104 points (up 0.3%) and the NSE Nifty is trading up 31 points (up 0.3%). The BSE Mid Cap index is trading up by 0.1%, while the BSE Small Cap index is […]
The Remarkable And Lengthy Consistency Of Repo
Before August 2007, US$ money markets operated efficiently and predictably. They behaved according to a rigid hierarchy, which is a good thing no matter how it may sound. This inflexibility in the context of funding markets was exactly what we would want. Arbitrage opportunity was responsible for enforcing the rules. One simple example was the […]
Decelerating Growth Trend For Median New Home Sale Prices
The growth of median new home sale prices in the United States has decelerated somewhat in the first months of 2018, repeating a pattern that we last back in early 2017. Overall, the most recent trend for the trailing twelve month average of median new home sale prices, which has been in place since September […]
Gold Heads Back To $1261
Gold prices dropped $4.79 an ounce on Monday as a general sell-off in the raw commodity sector weighed on the market. XAU/USD initially headed higher and tested the resistance in the $1270-$1272.56 area as expected, but it was unable to break through. An escalating trade dispute between the U.S. and China continues to pressure world […]
GBP/USD Bullish Pullback Approaches 1.34 Resistance Zone
GBP/USD 4 hour The GBP/USD showed a strong rally after reaching 1.31 support. Will price continue the bullish correction or will the downtrend emerge as the winner? For the moment a larger move up seems likely, at least towards the 23.6% Fib at 1.34. This is a major decision zone because a bullish breakout could […]
Stocks For You To Trade: WTW, WMT, ETFC
Tuesday’s Swing-Trades: Long Weight Watchers (WTW) Long Walmart (WMT) Short E*Trade Financial (ETFC)
USDCAD Daily Analysis – Tuesday, June 26
USDCAD remains in the uptrend from 1.2856, the fall from 1.3381 is likely consolidation for the uptrend. Key support is at 1.3259, as long as this level holds, the uptrend could be expected to continue and next target would be at 1.3450 area. On the downside, a breakdown below 1.3259 support would indicate that the […]
Stocks Outlook – Tuesday, June 26
Thoughts A disastrous trade war is unlikely because China doesn’t have a lot of options. New Home Sales are still trending higher. A medium-long term bullish factor for the stock market. The stock market’s short-term downside is limited. VIX has come close to closing above its upper Bollinger Band. 1 am: A disastrous trade war […]
