Author Archive: Jeremy Parkinson
Gold Price Chart Hints At Topping As Crude Oil Eyes API, EIA Reports
Marquee commodities did not find sufficient inspiration for trend development on the first day of the trading week. Gold prices marked time, unmoved by the day’s offering of Fed-speak and seemingly waiting for Friday’s US inflation and retail sales data before committing one way or another. Crude oil prices edged up a bit but ultimately failed to sustain momentum as traders […]
Consensus Likely Too Conservative On US Economic Growth For 2018
The bull is likely to remain intact through 2018 — if not 2019 — based on the global growth outlook and leading indicators. That’s the outlook from Neil Dutta, Head of Economics at Renaissance Macro (or RenMac for short), where he and his award-winning team of analysts led by Jeff deGraaf provide daily and weekly updates on the […]
USDCAD Daily Analysis – Tuesday, Jan 9
USDCAD remains in the downtrend from 1.2920. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 1.2355 could be treated as consolidation of the downtrend. A breakdown below 1.2355 could trigger further downside movement to 1.2200 area. On the upside, a breakout of 1.2449 resistance will […]
Gold: Trades In Narrow Range
Gold prices ended Monday slightly higher after a quiet session. XAU/USD initially headed lower, weighed down by a stronger dollar, but it was able to hold above the support at $1316. World stock markets were mostly firmer and the euro fell against the greenback. From a chart perspective, the bulls still have the near-term technical […]
EURNZD Extends Bearish Move Below 1.6804 As Expected
The growing demand for emerging currencies following the weaker than expected U.S. job data and the surge in global commodity prices bolstered commodity sensitive currencies like the Kiwi to a three-month high against the Euro common currency. The EURNZD dropped 841 pips from a 38-month high of 1.7480 to 1.6640 as previously projected, suggesting that rising commodity […]
2017 GDP Growth Looks Like Obama 2.0
2017 just looks like another year of Obama’s presidency. Nothing’s really different. 2.5% fits in nicely with Obama’s economic numbers. Everybody is talking about all this great economic growth that’s taking place – it hasn’t happened! Video Length: 00:37:46
WTI Crude Oil And Natural Gas Forecast – Tuesday, Jan 9
WTI Crude Oil The WTI Crude Oil market initially fell during the trading session on Monday, but as you can see turned around to form a hammer like candle, and it shows that we are going to continue to see buying opportunities on dips. I believe that the $60 level underneath is massive support, and […]
Sensex Opens Higher; Coal India Rallies
Asian stock markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.15% while the Hang Seng is up 0.23%. The Nikkei 225 is trading up by 0.54%. US stocks closed mixed as investors turned cautious ahead of earnings. Back home, India share markets opened the day on a positive note. The BSE Sensex is trading higher […]
Stocks To Trade: TWTR, BEN, ACAD
Tuesday’s stock picks: Long Twitter (TWTR) Long Franklin Resources (BEN) Short Acadia Pharmaceuticals (ACAD)
USD/JPY Suffers A Minor Taper Tantrum – Higher Inflation Needed For A Lasting Move
The Bank of Japan stands out among central banks in developed countries. They are on the extreme dovish end, buying bonds at a rapid clip with no end in sight. That keeps the yen under pressure against its peers, with an occasional safe-haven flow. But when we have a change in the fundamental of the […]
