Author Archive: Jeremy Parkinson
5 Must-See Big Bank Earnings Charts
Video Length: 00:04:50 Now that Alcoa has separated into two businesses, it no longer leads off earnings season. That crown has fallen on the big banks as they all report close together near the start of earnings season. Bank shares have been soaring at the end of 2017 as the economy has heated up and […]
AUDUSD Daily Analysis – Thursday, Jan 11
AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this level could signal completion of the uptrend.
Understanding Debt
Remember when pundits suggested the way to get rich quick was to use “Other People’s Money” (OPM)? They pointed to real estate empires and stock market success resulting from investors leveraging debt to accumulate wealth. It’s not as easy as it sounds. I moved to Atlanta during the cable TV boom. Several friends worked for […]
EC Forex Critical: The Japanese Yen On Edge
I wrote little about the Japanese yen (FXY) over the past year or more. It’s time to pay closer attention. As every forex trader knows by now, on Tuesday, January 9th the Bank of Japan (BoJ) slowed down its purchase of bonds with more than 10 years maturity. The yields of these bonds ticked up and […]
EUR/USD, GBP/USD Approach Key Bear-Bull Decision Zones
EUR/USD 4 hour The EUR/USD is again challenging the Fibonacci levels of wave 4 vs 3 (blue) after bouncing at the 50-61.8% support zone. A break below the support trend line (blue) and 61.8% Fib of wave 4 makes a bearish scenario more likely. In that case, the alternative outlook is that price is not […]
The False News Provoked A Jump In The US Government Bonds Yield
Yesterday, weak reports on import and export of the US were published. On Wednesday, Bloomberg reported that Chinese officials recommended stopping the purchase of the US government bonds. After this statement, the US government bonds yield jumped sharply, and the dollar fell. However, as it became known later, this statement was considered to be false. […]
Kodak Coin Pre-Selling Ahead Of ICO – What’s In It For Investors?
Kodak Coin Pre-CIO Overview: Today, we’re looking at Kodak Coin. A new cryptocurrency from that photo company you haven’t heard of since you used a disposable camera. But for now, it looks like only photographers can get in on it. Who’s Behind Kodak Coin? It is actually a Vancouver-based company called Global Blockchain Technologies Corp. which […]
BTC/USD And BTC/JPY Forecast – Thursday, Jan 11
BTC/USD The Bitcoin markets fell most of the day on Wednesday, but as you can see on the daily chart, we have tested an uptrend line and bounced enough to form a hammer. By doing so, this is a very bullish daily signal, and if we can break above the top of the candle for […]
Yen Sustains Gain For A Second Day
The decision of the Bank of Japan to reduce its long-dated bond-buying program on Wednesday bolstered the Yen outlook across the board. Pushing the currency to a six-week high against all G-10 currencies On Thursday. Experts believed the cut back was a sign of positive economic outlook in 2018 and expect the apex bank to […]
Please Millennials, No Do Not Save In Bitcoin
Alright Millennials, listen up – I am older than you and that means I am smarter than you so take a few minutes and soak up this old man’s knowledge bomb or I will put you into a choke hold and noogie you until you scream mercy. Here’s an article by a millennial telling other millennials to […]
