Author Archive: Jeremy Parkinson
China Posts Largest-Ever Annual Trade Surplus With US: What’s It Mean?
The Wall Street Journal reports China Reports Biggest-Ever Annual Trade Surplus With U.S. A global recovery led by the U.S. provided a shot in the arm for Chinese exporters last year, boosting China’s economy. Rising American demand, in particular, pushed up Chinese shipments, expanding China’s trade surplus in goods with the U.S. by 10% to $275.8 billion […]
AUD/USD Forecast Jan. 15-19 2018
The Australian dollar had another successful week, enjoying upbeat data and global optimism. The jobs report and China’s GDP stand out in a busy week. Here are the highlights of the week and an updated technical analysis for AUD/USD. Retail sales increased by 1.2%, triple the early expectations. Building approvals also came out well above early projections: […]
For Sale By The U.S. Marshals: 3,813.0481935 Bitcoins (Approximately)
Back in 2014 and 2015, the U.S. government held three Bitcoin auctions in connection with the prosecution of Silk Road founder Ross Ulbricht. Venture capitalist Tim Draper won the 2014 auction which drew some 45 bids from names including Barry Silbert and Coinbase. Ulbricht challenged the legality of the forfeiture but ultimately dropped the case allowing the government to collect the proceeds from […]
Dollars Paper And Dollars Gold 1925 To 2018
It doesn’t look like it in the Dow Jones’ Bear’s Eye View (BEV) chart below, but in the past three weeks the venerable Dow has increased 1,100 points (4.39%). Three Fridays ago the Dow Jones closed with a 24K handle. Two weeks later it has almost blown through 25,000, closing the week at 25,803. When […]
EUR/USD: Bullish, Triggers Long Term Uptrend
The EUR/USD pair closed higher the past week triggering the resumption of a long term uptrend. On the upside, resistance comes in at the1.2250 level with a cut through here opening the door for more upside towards the 1.2300 level. Further up, resistance lies at the 1.2350 level where a break will expose the 1.2400 […]
3 Best Small-Cap Value Mutual Funds For Stunning Returns
A small-cap value fund is a good choice for investors seeking diversification across sectors and companies, and focusing on gaining exposure to stocks that are trading at a discount. Those with a high-risk appetite should invest in these funds. Small-cap funds generally invest in companies having market cap of less than $2 billion. The companies, […]
Trading Support And Resistance – Jan. 14
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over […]
The Rush To The Euro With QE Ending?
A reader asked, ” Mr. Armstrong; You have been calling for the dollar to decline against the Euro and it should test the 125 level. Do you see the dollar continuing to decline which then breaks the back of Europe with deflation and then everything flips?” My answer to that; Last year was an […]
USD/JPY Beginning To Fall – Forecast Jan. 15-19 2018
Dollar/yen finally made a move and it was down. A small surprise from the BOJ and USD weakness, now originating from China, were the main culprits. Will the pair fall even lower? USD/JPY fundamental movers- Mini tantrum, Chinese worries The Bank of Japan surprised with an experiment in the bond market, raising concerns that it is about to tighten. […]
When Gold Goes Well
To state that Gold is going well when it’s trading at half the market value it ought be is a bit of a stretch. In fact, as “bulled up” as Gold aficionados appear to be through these first nine trading days of the year, price being +2.5% is actually the second weakest “nine starting days […]
