Author Archive: Jeremy Parkinson
Sensex Trades On A Volatile Note; Airtel, Idea Down By 5%
After opening the day in the green, share markets in India witnessed choppy trading activity and are presently trading above 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. While stocks in the consumer durables sector are leading the losses. The BSE Sensex is trading up […]
Dollar Tumbles Even Lower As Mnuchin Endorses Weak Dollar
US Treasury Secretary Steven Mnuchin says that a weaker dollar is ¨good for the US”. This is very different from the “strong dollar policy” that his predecessors from both parties traditionally had over many decades. The US dollar is falling against all currencies, extending the losses across the board. Mnuchin is speaking in Davos, Switzerland. He […]
Dollar Takes Another Leg Lower
North American session sold into the dollar’s upticks and Asia followed suit, taking the greenback to new multi-year lows against the euro and sterling while pushing it below the JPY110 level for the first time since last September. US trade action has become latest element of the narrative the seeks to explain the dollar’s slide and […]
Is The US Consumer In Big Trouble?
The American consumer is the engine of U.S. economic growth. Personal consumption expenditure makes up nearly 70 percent of gross domestic product (GDP). That’s up from around 60 percent in 1980. So it’s only fair to ask – how is the U.S. consumer doing? Let’s take a look at wages first. Wages rising… at a crawl […]
US Dollar Shows Bearish Breakout Below Price Patterns
EUR/USD 4 hour The EUR/USD broke above the resistance (dotted orange) of the triangle chart pattern, which could mark a continuation of the uptrend. A break above the previous top (dark red) could see price move towards the Fibonacci targets of wave 5 (blue) at 1.24 and 1.25. 1 hour The EUR/USD is challenging the […]
Does Bitcoin Use Too Much Electricity?
An optimist says the glass is half full. A pessimist says the glass if half empty. And a Vox writer says if you drink 60 glasses of that stuff in the next hour, it’ll kill you. A case in point is the recent Vox column by Umair Irfan, warning that the Bitcoin network has caused a […]
A Tale Of Two Funds
TrimTabs’ methodology is reborn. It’s never easy finding a reliable source of positive alpha. In a Darwinian sense, that’s as it should be. If we all snagged good numbers, who’d be left to pocket the bad ones? For a long time, a search for alpha among exchange-traded funds always returned the ticker symbol ‘TTFS.’ Originally […]
Oil Outlook Strong But Massive US Production To Keep A Lid On Prices
With WTI crude oil now trading above $60 a barrel, some are predicting we’ll hit as high as $80 in 2018. Financial Sense Newshour recently spoke with Robert Rapier at R-Squared Energy to discuss his outlook for oil this year, why he thinks the current rally will continue but have a hard time going much higher than […]
What If The Boom Doesn’t Boom?
As most people know, the Kansas City Fed has been holding its annual symposium in Jackson, WY, for a very long time. Supposedly a draw for Paul Volcker’s fly fishing hobby when he was Chairman, the conference came to include heavyweights on a regular basis. Most of them, especially those in the early years, however, […]
