Author Archive: Jeremy Parkinson
Bonds Bounce After China Denies “Fake News” Report; Oil Tags $64
U.S. equity futures are back in the green, while Asian and European stocks are mixed after worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S. debt. As poured […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Jan 11
WTI Crude Oil The WTI Crude Oil market went back and forth during the trading session on Wednesday, forming a neutral candle. We have gotten a bit overextended, so it makes sense that we would pull back a little bit. I think at this point, we could go looking for the $62 level underneath, possibly […]
Euro May Fall As ECB Meeting Minutes Cool Bets On QE Cutback
ECB monetary policy meeting minutes headline the economic calendar in European trading hours. Markets are scouring for signs of stimulus withdrawal across the G10 space – as amply demonstrated in the Yen’s reaction to standard fluctuation in BOJ bond uptake – and any commentary suggesting Mario Draghi and company may alter the path of QE purchases faster than […]
Sensex Ends Higher; Infosys & Bharti Airtel Top Gainers
After opening the day on a flat note, Indian share markets ended the day marginally higher. At the closing bell, the BSE Sensex finished higher by 70 points. While, the NSE Nifty finished higher by 23 points. Meanwhile, the S&P BSE Midcap Index ended up by 0.3% while S&P BSE Small Cap Index ended up by 0.4% respectively. Sectoral indices ended the day on a […]
Why Oil Should Be Supported In Weekly Chart
Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see that the market has a potential 5 swing incomplete bullish sequence. It seems like that it is still […]
Capital Markets Calmer, Greenback Consolidates
As market participants were just getting their sea legs back after the start of the year, it was hit by a one-two punch of ideas that BOJ policy was turning less accommodative and that Chinese officials were wary of adding to their Treasury holdings. Then late yesterday, a news wire reported that Canada suspected the […]
Korean Crypto Crash – The Beginning Of A Huge Downfall Or A Buying Opportunity?
Police and tax agencies in South Korea raided exchanges of cryptocurrencies searching for evidence of potential tax evasion. Coinone and Bithumb are under investigation for quite some time, but these fresh raids are a ramping up of these efforts. In addition, there are reports by SBS that authorities in the Asian nation are working on legislation that will shut […]
Gold Gains On Weaker Dollar
Gold prices rose $4.31 an ounce on Wednesday as the dollar came under pressure after Bloomberg news published a story about the Chinese government possibly reducing its buying of U.S. government bonds. XAU/USD traded as high as $1327.64 an ounce but it was unable to hold above the $1326.20 level. As a result, the market […]
USDCAD Technical Analysis: The Contrarian Case
In 2017, the dollar fell more than 10% against its global peers. Among the currencies that strengthened against the dollar was the Canadian Dollar. The dollar fell from a high of 1.37844 to a low of 1.2063 in September. After that, the dollar tried to recover, rising to the 1.2902. It didn’t go well. As […]
Sensex Trades On A Volatile Note; Energy Stocks Top Losers
After opening the day in the red 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 realty sector and stocks in the IT sector witnessing maximum buying interest. While stocks in the energy sector are leading the losses. The BSE Sensex is trading up […]
