Author Archive: Jeremy Parkinson
What Will The Fed Do If The Yield Curve Inverts? Goldman Answers
The yield curve has been the talk of the financial universe for months now because, well, because it’s collapsing and by many accounts has a date with inversion. Historically speaking, that’s a bright red flashing light vis-a-vis the economy. The December Fed minutes suggest everyone spent a fair amount of time debating exactly what the […]
Trading Support & Resistance – Jan. 7
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over […]
Crude Oil Price Falls From 3-Year High On Swelling US Supplies
Fundamental Forecast for USOIL: Bullish Talking Points: Hedge Funds load into long Brent Crude Bets on move to 3-year closing high Per BHI, U.S. Oil Rig Count falls 5 to 729, helping stem concerns of US overproduction Crude Oil Price Forecast: Price Near 3 Yr. Highs On Strong US Demand IGCS showing net-short retail positioning in […]
Buckle Up: NYSE Files For Leveraged, Inverse Bitcoin ETFs
In a move that will certainly not end well for investors, the New York Stock Exchange has asked the SEC to approve five ETFs including 2x leveraged and inverse flavors, linked to Bitcoin futures – which launched in December on the CME and CBOE, according to a Thursday filing, which is in line with what we said mentioned […]
2018 Opened With A Bang – Week In Review
2018 opened with a bang! Not only did the major averages continue to hit new record highs, there was no selling to speak of. Clearly, this is very strong action and it tells you that the bulls remain in control as sellers are virtually nowhere be seen. What does that mean for 2018? Based […]
2018: So Far, So Gold
A new year and a new look for the above Gold Scoreboard, incorporating both our conservative and aggressive forecast highs for 2018. Also at right, we’ve added that which we’ve often referred to as “Gold’s most important graphic”: the millennium-to-date track of the U.S. money supply (“M2”) vs. the clearly lagging price of Gold. Quite […]
EUR/USD: Upside Pressure Risk Remains Intact
The EUR/USD pair continues to retain its upside pressure, hesitating on Jan. 5. On the upside, resistance comes in at the 1.2050 level with a cut through here opening the door for more upside towards the 1.2100 level. Further up, resistance lies at the 1.2150 level where a break will expose the 1.2200 level. Conversely, […]
Which Blockchain Stocks To Invest In 2018 And How
Blockchain stocks are the hottest sector right now. Here is the big news for investors: “you ain’t seen nothing yet.” We’re on record forecasting that the blockchain stocks bull market will become as big, if not bigger, than the dotcom bull market. There are some specific challenges investing in blockchain stocks. How to invest in blockchain […]
USD/CAD Forecast Jan. 8-12 2018
Dollar/CAD continued leaning lower amid rising oil prices but did not collapse. Where to next? Housing figures are expected in the upcoming week. Here are the highlights and an updated technical analysis for USD/CAD. Oil prices remained high but did not breach the 2015 highs. This prevented USD/CAD from breaking below 1.25. In the US, the […]
