Author Archive: Jeremy Parkinson
USD/JPY Bearish Breakout Is Aiming At 110 Round Level
USD/JPY 4 hour The USD/JPY broke below support again (dotted blue) and has invalidated the bullish pattern and outlook. A larger bearish correction is now most likely and price could test the bottom of wave W (pink) at 111 or even break the bottom and move towards the round levels of 110.50 and 110. 1 […]
Gold Under Pressure As Dollar Recovers
Gold prices fell $7.50 an ounce on Tuesday as the dollar’s rebound continued to weigh on the market. XAU/USD retreated to the 4-hourly Ichimoku cloud as anticipated after prices broke below the support in the $1316-$1315.80 area. Gold is currently trading at $1309.89, lower than the opening price of $1312.21. Prices are still above the […]
Litecoin LTC/USD Trapped Below Resistance After Founder’s Tweets
Litecoin has been struggling to break above its key resistance levels after Charlie Lee, Litecoin’s founder, announced that he had sold/donated all of his own LTC to avoid any conflicts of interest. What could be next for Litecoin? Here is a quick overview. Charlie Lee’s Vision for Litecoin’s Soft Fork After Lee he has got […]
Sensex Opens Flat; Healthcare & Energy Stocks Gain
Majority of Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.23% while the Hang Seng is up 0.17%. The Nikkei 225 is trading down by 0.22%. Wall Street’s major indices extended the New Year rally to close at record levels on Tuesday on investor optimism ahead of quarterly earnings reports […]
Federal Reserve Policy In 2018: Changes On The Horizon?
In a few weeks, Federal Reserve Chair Janet Yellen passes the baton to President Trump’s selection. Jerome (Jay) Powell will chair the first meeting of 2018 at the end of January. While some expect changes to Federal Reserve policy in 2018, the only thing that will be different are the players in the seats. Currently, […]
EURUSD: Expect 1.19 To Be Tested
Previous: Trading on the euro/dollar pair has closed down for the 3rd day in a row. This downwards correction comes to 173 pips. The euro has come under pressure after news from Japan (via the EURJPY cross), growth in US bond yields, as well as some technical factors. The Bank of Japan has reduced its purchases […]
Analyst Sentiment Heading Into Earnings Season
Earnings season kicks off this week as the first of the major companies start to report Q3 numbers. Most of the big names reporting are all Financials like Blackrock (BLK), JP Morgan (JPM), PNC, and Wells Fargo (WFC) on Friday, but we will also hear results from other notables like Lennar (LEN) and KB Home […]
Brazil’s Back And U.S. Soybeans To China Are Getting Hammered, Good News On U.S.-China Trade
A lot of people don’t know this, but the humble soybean ranks among the top products that the United States exports to China. The vast majority of those exports come in the months from September through December each year and, if the U.S. Census Bureau’s data on U.S. soybean exports to China is any indication, 2017 is lagging far […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, Jan 10
S&P 500 The S&P 500 rallied a bit during the trading session on Tuesday, but we are starting to get a bit overextended. On the daily chart, the stochastic oscillator is in an extremely oversold position and looking likely a crossover on the moving averages. Because of this, I expect that we will probably see […]
Ripple’s Price Flash Crash After It Peaked. Buy Or Sell?
Ripple price dropped by 30% within 24 hours on January the 9th. There are multiple reasons that could have caused what some would refer to as a Ripple flash crash. While we cannot deny that there is always that 1% of news or events that could trigger a certain price action, we prefer to stick […]
