Author Archive: Jeremy Parkinson
The US Dollar Index Is Testing Local Lows
2017 was the worst year for the US dollar in the last decade, but the analysts say that this is not the end. The low inflation and a moderate growth of the US economy contribute to the further weakening of the US currency. Investors believe that the closing of the asset purchase program and the […]
Gold Prices May Fall If BOC Signals More Rate Hikes On The Horizon
Gold prices were in for a volatile session. The metal began the day on the defensive as US markets returned in an upbeat mood after Monday’s holiday closure but a violent intraday reversal inspired a swift recovery that erased nearly all of the decline. The benchmark S&P 500 stock index touched a record high only to turn sharply […]
Why Commodities Are A Better Bet These Days
It’s been a long time since an article about commodities felt like ‘click bait.’ After all, commodity indices have been generally declining for about seven years – although 2016 saw a small advance – and the Bloomberg Commodity Index today sits 63% below its all-time high set in the summer of 2008. I’ve written before, […]
EUR/USD: The Pair Strayed, Then Returned To The Balance Line
Previous: On Tuesday the 17th of January, trading on the euro/dollar pair closed 3 pips down. The intraday low was 1.2195. In the European session, the euro dropped after reports from Germany, where the Social Democrats are split on whether or not to join in a coalition government with Angela Merkel’s Christian Democrats. Later, a Reuters […]
Indian Indices Trade Marginally Higher; IT Stocks Witness Buying Interest
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and banking sector witnessing maximum buying interest. Realty stocks are trading in the red. The BSE Sensex is trading up 123 points (up 0.4%) and the NSE Nifty is trading up 32 points (up 0.3%). The BSE Mid Cap index is trading down by 0.1%, […]
Markets Head Downward With Cryptocurrencies Leading The Decline
Bitcoin briefly hit below $10,000 on Tuesday on Coinbase, a leading cryptocurrency exchange, for the first time since crossing the milestone price in November 2017. Other key cryptocurrencies were also under pressure, with ripple falling below $1 and Ethereum sinking a whopping 30 percent to a low of $854 before heading higher. As of 2:11 p.m. […]
Unchain My Bullish Heart
Funny, when Keith and I took a walk to town the other day, we saw this bronze sculpture. Chained, so nobody can walk away with a 400 pound bronze bull, we thought it potentially symbolic. Today in the market, someone tied a link chain around the bull’s neck and then padlocked it. It all began […]
Bitcoin’s Dramatic Fall From Grace
I first started writing about BITCOIN in September of 2017 (all of my articles on this crypto curency can be found at this link). It has fallen to its 50% Fibonacci retracement level [measured from its all-time low of 4.2 (in February 2012) to its all-time high of 19,891.0 (in December 2017)], as shown on the following Monthly chart. And, as I reported (in the […]
Cryptocurrency Bloodbath Continues – What’s Next?
Cryptocurrency Market Overview: It’s been a bloodbath across the board for Bitcoin and other altcoins in the past few days. I’m not gonna say I told you so, but our buy-limit orders have been going through one after another. We had yet another live strategy development session Tuesday morning, setting up the next steps for […]
Global Fund Managers Are Long, Unhedged And Partying Like It’s 2019
Global fund managers don’t see an equity pullback in 2018 and expect the bull market to continue into 2019 according to Bank of America’s latest Global Fund Manager Survey. The survey, which the bank conducts on a regular basis to gauge the sentiment of fund managers around the world, quizzed 213 panelists with $591 billion in assets […]
