Author Archive: Jeremy Parkinson
Euro-Area Jobless Rate Improves To 9-Year Low In November
Broad economic growth and continuous job creation in the Euro-area further improved the unemployment rate to the lowest level since early 2009. The region unemployment rate declined from 8.8 percent in October to 8.7 percent in November, the Eurostat report showed on Tuesday. The lowest unemployment rate in 9 years. Despite better than expected economic […]
GBPUSD – Double Top Or Fresh Highs?
Cable has stalled ahead of the 1.3600 figure since the start of the year failing to make fresh multi-month highs. The pair looks to be carving out a double top near the key 1.3500 figure, but the battle between bulls and bears is not over. A small retrace down to the 1.3300 level will […]
Chart Of The Day: Making (World) History
I love the smell of risk euphoria in the morning. Monday’s theme was “equi-phoria”, a state of acute psychosis that pervades the warped minds of E*Traders, pundits, and punters alike at the tail end of a rally that’s left multiples stretched to historic extremes and now finds stocks, bonds, and credit the most simultaneously overvalued in […]
10Y Treasury Yields Breakout To 10-Month Highs, Curve Steepens Most Since Election
Perhaps in a mini-tantrum reaction to Japan’s ‘taper’ overnight, which steepened the JGB curve notably… US Treasury yields are breaking out higher today with 10Y Yields solidly above the 2.50% ‘Maginot Line’ for the first time since March 2017. The 2s30s yield curve is spiking today – the most since the Nov 2016 election (+6bps to 91bps) The […]
Gold: The Significance Of $1320
I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that’s happening right on schedule. To understand the nature of this headwind… Double-click to enlarge this important weekly gold chart. Note that the two biggest volume bars both occurred as key events in India occurred. It could be […]
WTI Crude Oil Highest Since December 2014
Oil prices have been on a gradual path of rises for quite some time. And now, WTI crude oil tops the 2015 high of $62.60 and reaches new highs $62.69. It currently trades at the highest levels since December 2014. The breakout awaits confirmation. The move higher in oil prices should give a boost to […]
Wages Are The Key To 2018
Nine days into 2018, I’ve read 793 economic and market forecasts. Okay, that’s an exaggeration… but it certainly feels like it. In any case, I’ve read enough to know opinions are all over the place. Whatever your desired scenario, some expert says it’s a sure thing. A forecaster’s greatest challenge is separating what you want to happen […]
Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Jan. 9
The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through November, is now available. The first chart below shows four of the headline components of the overall series, which the BLS began tracking in December 2000. The time frame is quite limited compared to the main BLS data series in the monthly employment report, […]
USD/JPY Weakness To Persist On Cautious Fed Rhetoric
USD/JPY struggles to preserve the advance from the beginning of the year as the Bank of Japan (BoJ) reduced its purchases of long-term bonds under its Quantitative/Qualitative Easing (QQE) Program with Yield-Curve Control, and the pair stands at risk of threatening the range-bound price action from December should a growing number of Fed officials adopt […]
2018 IPO Prospects: Dropbox Has Made Good Progress
Photo Credit: Ian Lamont/Flickr.com According to a Marketsand Markets report, the cloud storage market size is estimated to grow from $23.76 billion in 2016 to $74.94 billion by 2021, at a CAGR of 25.8%. Growth is driven by factors such as high demand for hybrid cloud storage, growing need for enterprise mobility, and the need for […]
