Author Archive: Jeremy Parkinson
Turkish Lira Gains After Erdogan Victory
Turkey is an important country located in Asia and Europe. It has a population of more than 79 million people and a GDP of more than $850 billion. The country’s biggest exports are machinery and appliances. After decades of stability, the main concern among traders has been on the country’s president, Recep Erdogan. The concerns […]
Trade Tensions Weigh On Equities, Lift Yen
Reports confirm that later this week, the US Treasury will announce new curbs on Chinese investment and trade. The US considering preventing Chinese companies with a 25% (though could be lowered) government stake from buying US companies with industry significant technology.” Also, the US will block technology exports to China aimed at frustrating China’s “Made […]
Chart: US Stock Market Leverage
With the latest monthly margin debt stats from FINRA just out it’s worth taking a look the chart of aggregated stock market leverage. The chart shows the combination of net margin debt, net leveraged ETF AUM, and net speculative futures positioning, all in nominal terms, and the sum total is about US$400 billion. Standardized against S&P500 market capitalization, this […]
Weekly Gold Forecast – Monday, June 25
Gold ended the week down $8.90 at $1269.05 an ounce, posting a second consecutive weekly loss. The wider environment remains relatively unfriendly for gold, with the U.S. Federal Reserve still likely to raise interest rates two more times this year. “Today, with the economy strong and risks to the outlook balanced, the case for continued […]
EURUSD: The Price Moves Towards The Balance Line
Previous: On Friday the 22nd of June, trading on the euro closed up. The US’ trade wars with China and the EU had a negative impact on US Treasury bond yields. The yield on 10-year bonds fell from 2.92% to 2.59%. This weakening had a positive impact on the euro. The single currency also received support […]
Sensex Trades On A Volatile Note; Idea Cellular Plunges 6%
After opening the day flat share markets in India are trading on a dull note and are presently trading marginally below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the IT sector and stocks in the pharma sector witnessing maximum buying interest. The BSE Sensex is trading down by 80 points (down 0.2%) and the NSE Nifty is trading […]
E What Is Happening In Today’s Forex Markets
Traders want to know selling-buying levels and news events to maximize profits on pair trades. EURUSD Pair What happened on previous day Open: 1.15975 High: 1.16744 Low: 1.15974 Close: 1.16544 Pivot point: 1.1642 Due to the ongoing US-China trade tensions, the pair may be further strengthened. Today, we can expect several notable events which will […]
Are Equities Over-Owned By Households?
Let’s be clear, there are valuation metrics, principally the CAPE ratio, which show equity prices in June 2018 are expensive. However, that doesn’t mean you need to mislead by other false bearish narratives. Stocks can have low long-term returns and there can also be wrong bearish arguments. We care about the most accurate arguments which […]
WTI Crude Oil And Natural Gas Forecast – Monday, June 25
WTI Crude Oil The WTI Crude Oil market shot straight up in the air during the trading session on Friday after the OPEC announcement. OPEC has agreed to increase production by roughly 700,000 barrels, which is less than the 1 million barrels anticipated. Because of this, the market gained over 5% and we have broken […]
USDCAD Daily Analysis – Monday, June 25
USDCAD’s upside movement from 1.2856 extended to as high as 1.3381. Near-term support is at 1.3200, as long as this level holds, the upside movement could be expected to continue and next target would be at 1.3450 area. On the downside, a breakdown below 1.3200 support could bring the price back to next support level […]
