Author Archive: Jeremy Parkinson
Davos And Currency Moves
(Audio length 00:09:44) Chris Temple joins me today to look at the moves in currencies especially the continued breakdown in the USD. We also consider how the World Economic Forum in Davos, Switzerland is playing a roll in this move down. Relating this the moves in gold and gold stocks there are some considerations here […]
The Euro Rises To The 3-Year High Following Draghi’s Forward Guidance
The Euro Rises to the 3-Year High Following Draghi’s Forward Guidance. The ECB’s Monetary Policy Committee (MPC) concluded their January meeting today. As expected, the committee left rates unchanged. The base interest rates remained at 0% while the deposit facility rates were left at –0.40%. As mentioned yesterday, this month’s meeting came at an interesting period […]
A Quantitative Strategy For Enhancing Merger Arbitrage
Merger arbitrage, sometimes known as “risk arbitrage,” is an investing strategy in which the investor bets on announced M&A deals. After a merger is announced, shares of the target tend to trade below the offered price (due to deal uncertainty), representing the arbitrage spread; if the deal is successful, the price moves up and the […]
Near Record Foreign Buyers For Tremendous 7Y Treasury Auction
If the 2 Year auction earlier this week was described by many as “tremendous”, today’s 7 Year “belly buster” was nothing short of spectacular. Pricing at a high yield of 2.565%, today’s 7Y auction stopped through the When Issued 2.77% by a whopping 1.2bps; as expected the yield was the highest since April 2011. However, it was the […]
The GDP Of Bridges To Nowhere
On January 18, 2018, China’s National Bureau of Statistics announced that the country’s GDP grew by 6.9 percent in 2017: According to the preliminary estimation, the gross domestic product (GDP) of China was 82,712.2 billion yuan in 2017, an increase of 6.9 percent at constant price compared with last year. Specifically, the year-on-year growth of […]
Euro Nears Critical Point
The EUR/USD is now nearing a key region of resistance after reaching fresh 3-year highs earlier today. A key trendline and two key Fibonacci measurements are lining-up in the 1.2617/33 region, just above current price action. This, however, is not just any trendline, its a trendline that originates from the double top pattern in 2009, […]
How To Trade Gold Rally With ETFs & Stocks
The continued bullishness in the stock market and the two-year U.S. Treasury yields trading above 2% for the first time since 2008 failed to dull gold this year too. This is especially true as the bullion logged in the best January opening since 2013 and has now climbed to the highest level since August 2016. […]
Gold Gains A Powerful Friend
Yesterday, gold won an influential supporter in the White House. Who is he? The Enemy of Gold’s Enemy Is Gold’s Friend As the ancient proverb goes, my enemy’s enemy is my friend. Although it is usually employed in foreign policy, this concept also applies to finance. Given the negative correlation between the greenback and gold, the enemies of […]
Snap Drops As Twitter Prepares Rival Video Tool, Top Executive Departs
Shares of Snap Inc. (SNAP) dropped in morning trading following a report that Twitter (TWTR) is developing a Snapchat-style camera-centered tool to make it easier to post video instantly. Separately, Snap Vice President of Product Tom Conrad is leaving the company in March. POTENTIAL TWITTER COMPETITOR: Twitter is working on a tool to make it […]
