Author Archive: Jeremy Parkinson
Should We Raise The Inflation Forecast? Business Strategies For Changing Costs
In recent weeks, signs of greater inflationary pressures have increased. Although acceleration of inflation is no sure thing, business leaders should be aware of the risk of higher inflation and have contingency plans in place. Here are some items I’ve noticed over the past 30 days (writing on 11/11/2018): Interest rates on 10-year treasury bonds […]
EUR/USD, GBP/USD Develop Strong Wave 3 Momentum
EUR/USD 4 hour The EUR/USD is continuing with the uptrend after breaking the horizontal resistance levels (dotted red). Price seems to be in a wave 3 (purple) of wave 3 (pink) at the moment and potential dips are most likely retracements within the larger bullish movement. 1 hour The EUR/USD wave 3 (purple) is probably […]
Sentiment Snapshot: Did Somebody Say Melt-Up?
I had to think a bit before going with that title. The term “melt-up” is an increasingly overused word, and given this article features what I think are some really interesting charts it would be a shame to drive readers away with the cliché. But what else do you call it? The point of this article […]
Short-Term Trading Idea: FX NZDJPY – Bull Speculation: Growth To The Upper Boundary Of The Sideways Trend Expected
Trading opportunities on the currency pair: For several weeks in a row, the Kiwi dollar has been rising against both the US dollar and the Japanese yen. The price is approaching the DTR1 trend line (downwards trend line). In my forecast, I’m expecting a breakout of this line, followed by growth to the upper boundary of […]
Gold Prices Echo US Dollar Weakness, Crude Oil Gains With Stocks
Gold prices pushed higher as the US Dollar failed to capitalize on even as CPI data showed core inflation unexpectedly accelerated in December. The outcome buoyed Treasury yields while the Fed rate hike outlook steeped but the greenback’s recent inability to find strength in tightening bets continued, with the anti-fiat yellow metal enjoying support by extension. Meanwhile, cycle-sensitive crude […]
Stocks To Trade: CGNX, FLS, ZAGG
Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Cognex (CGNX) Long Flowserve (FLS) Short Zagg (ZAGG)
GBP/USD Technical Analysis: A Decisive Week Ahead
Last week, the pound continued its upward trend against the dollar settling at the 1.3746 level. It is currently trading at the same level it was in June 2016. The question among traders is whether the current bullish run will continue. This week will be a decisive one and could determine the short-term movement for […]
USD/CAD Daily Analysis – Monday, January 15
USD/CAD remains in the downtrend from 1.2920, the bounce from 1.2355 is likely consolidation of the downtrend. Range trading between 1.2355 and 1.2590 would likely be seen in a couple of days. Further decline could be expected after the consolidation and a breakdown below 1.2355 support could take price to 1.2200 area. Only a breakout […]
The US Dollar Is Falling, The Euro Is Strengthening Against The Statements Of Regulators
The US dollar fell last week after the statements by the European Central Bank, the Bank of Japan and the Chinese government about possible policy changes in the future. The EUR/USD currency pair reached a maximum in three years. The euro strengthening was supported by the publication of the ECB account last week, according to […]
FX Week Ahead: All Eyes On BoC
Investors will be looking at another slow week ahead. The Bank of Canada’s monetary policy meeting stands out. The markets are currently expecting the BoC to announce an interest rate hike this week. However, there is an equal chance that the BoC could disappoint market expectations. On the economic front, inflation theme continues this week. […]
