Author Archive: Jeremy Parkinson
Sensex Drops 100 Points; PSU Stocks Top Losers
After opening the day flat, Indian share markets witnessed selling pressure and are currently trading in the red. Sectoral indices are trading mixed, with stocks in the IT sector and stocks in the PSU sector witnessing maximum selling pressure. The BSE Sensex is trading down 100 points (down 0.3%) and the NSE Nifty is trading down 30 points (down 0.3%). Meanwhile, the BSE Mid Cap index is […]
USD Recovers Amid Two Attempts To Talk It Up – Only A Dead Cat Bounce
US Treasury Secretary Steven Mnuchin said that “a weak dollar is good for the US“. The greenback was already on the back foot and his words sparked a bigger drop in the currency. The USD sell-off is now experiencing a pause. A natural correction after a big move certainly makes sense, but there are also some […]
AUDUSD Daily Analysis – Thursday, Jan. 25
AUDUSD broke above 0.8038 resistance and extended its upside movement from 0.7501 to as high as 0.8085. As long as the price is above the bullish trend line on the 4-hour chart, further rise is still possible after a minor consolidation and next target would be at 0.8200 area. The key support is at 0.7956, […]
South Korea’s Economy Unexpectedly Contracts As Exports Crash Most In 33 Years
For only the 4th time since 1999 (and for the first time since Lehman), South Korea’s economy unexpectedly shrank in Q4 (contracting 0.4% QoQ against expectations of 0.1% expansion), busting the global-synchronized-growth narrative. Only two analysts forecast the possibility of a contraction… Government spending rose 0.5% QoQ, and while private consumption rose 1.09% QoQ, construction investment tumbled […]
A Modest Proposal For Curbing Bitcoin’s Voracious Energy Appetite
Bitcoin mining, as the New York Times’s Nathanial Popper points out, is a voracious consumer of energy, perhaps as much as Denmark. For good reasons, that has environmentalists worried. What is to be done? First, why is Bitcoin mining so energy-intensive? It’s pretty simple, as Popper explains. Nothing has value unless it is scarce. To keep Bitcoin scarce, you […]
Emerging Markets Have The Strongest Earnings Growth
All regions have shown earnings recovery for the past 12 months Seeing strong growth in all Emerging regions Only Developed Americas showed single-digit growth at 7%, unlike other regions
WTI Crude Oil And Natural Gas Forecast – Thursday, Jan 25
WTI Crude Oil The WTI Crude Oil market had a very strong session during the day on Wednesday, showing signs of strength yet again. We broke above the $65 level rather easily, and I think we should continue to go towards the $67.50 level eventually. I think that short-term pullbacks will be buying opportunities and […]
And Now, A Word From Draghi
With a backdrop of concern about US protectionism and a possible abandonment of the 23-year old strong dollar policy, and among the weakest sentiment toward the dollar in at least a decade, the ECB takes center stage. What a turn of events for Mr. Draghi, the President of the European Central Bank. A year ago […]
Gold Prices Look To ECB Rate Decision For New Direction Cues
Gold prices continued to push higher, reveling in another brutal down day for the US Dollar. The benchmark currency’s losses have proven to be a boon for the yellow metal, a standby anti-fiat asset. This time around, existing selling pressure driven by monetary policy convergence bets was amplified by worrying comments from White House officials, including President Donald Trump. The […]
GBP/USD’s 3rd Wave Creates 300 Pip Bullish Break
GBP/USD 4 hour The GBP/USD bullish breakout above the resistance trend line (dotted orange) and 1.40 round level has been very strong so far. The Cable gained 300 pips in just a couple of 4-hour bars and is not showing any signs of weakness as yet. The current bullish wave is probably a wave 3 […]
