Author Archive: Jeremy Parkinson
USD/CAD: Will It Bounce From These Lows?
Dollar/CAD fell on Mnuchin’s endorsement of a weaker US dollar. But are the falls limited due to NAFTA? Here are two opinions: Here is their view, courtesy of eFXnews: USD/CAD: Some Cracks Starting To Show In CAD Performance; Where To Target? – CIBC CIBC Research discusses USD/CAD outlook, and notes that “some cracks are starting to appear in […]
Health Insurers Bask Under Rising Insured, Medicare Business
Despite industry disruptions, health insurers have managed to keep on their feet over the past year of disruptions. Rising enrollment and top-line growth, development of ancillary business, product modifications, improved service, demographic changes, expansion of international operations, better claims handling, growth of new business units, mergers and acquisitions and a strong capital position have better […]
USD/CAD Is Below The Chuvashov’s Fork
Overnight support was found on Oil, as prices have begun to rise once again. This is positive for CAD relative to USD. The USD/CAD is currently below both Weekly and Daily L4 support levels, indicating a strong downtrend. At this point, we can see that the price is trapped below the Chuvashov’s fork (magenta trend […]
Above The 40 – An S&P 500 Back To Overbought And Ripping
AT40 = 70.5% of stocks are trading above their respective 40-day moving averages (DMAs) – Day #1 of an overbought periodAT200 = 66.0% of stocks are trading above their respective 200DMAs (a TEN MONTH HIGH)VIX = 11.1Short-term Trading Call: bullish Commentary The S&P 500 (SPY) made another all-time high as it continued its remarkable melt-up through its upper-Bollinger […]
The US Currency Continues To Lose Grounds
The US dollar fell to a three-year low, as a result other world currencies strengthened. Although the sentiment of financial market participants has improved due to the law on temporary financing of the US government, the US currency still loses its grounds. In three weeks, the US Congress may face again a shutdown of government […]
Commodity Corn Technical Analysis: Wait And See
In the 1960s, the global population was about 3 billion people. During this time, industrialization was catching up in countries in Europe and Asia. At the same time, European countries were working towards expanding their empires in Africa. Fast forward to today. The global population has surged to more than 7 billion people. This increase […]
BTC/USD And BTC/JPY Forecast – Wednesday, Jan 24
BTC/USD Bitcoin fell initially during the trading session on Tuesday but found the $10,000 level to be supportive. However, even though we formed a hammer on the daily candle, there is still a significant lack of volume. It is because of this that I feel any rally at this point will probably fail to stick. […]
Rising Profitability In Emerging Asia
Bottom-up aggregation of 16,200 non-financial companies in the World Margin recovery in Emerging Asia could still rise further Some risk of falling margins in Emerging Europe
EURUSD: Euro Has Hit A New One-year High
Previous: On Tuesday the 23rd of January, trading on the euro/dollar pair closed up. The end of the US government shutdown wasn’t enough to take the dollar back into positive territory. The greenback came under pressure during the US session after a drop in US bond yields. Experts believe that the dollar’s decline is down to […]
Crude Oil Prices At Risk If EIA Inventory Data Echoes API Estimate
Crude oil prices enjoyed a recovery in risk appetite yesterday, with the cycle-sensitive commodity tracking stock prices upward in North American trade. The WTI benchmark trimmed some of its gains late into the day after API said US crude inventories added 4.76 million barrels last week. Gasoline storage reportedly swelled by 4.12 million barrels over the same period. […]
