Author Archive: Jeremy Parkinson
DAX30 Ascending Trend Line At Fibonacci 50.0 Retracement
Source: Admiral Markets MT5 with MT5SE Add-on US retail sales overnight exceeded expectations, and in particular car sales were higher in the US, which is good news for DAX30 car exporters. European Equities have been a little bit under pressure as the EUR continues to gain strength, making their exports more expensive. Monthly trend is still intact, with […]
Markets Mixed On Early Earnings
Stock markets edged higher on Tuesday as the dollar remained stable as earnings season began in earnest and mixed data out of China brought tempered optimism. China’s economy grew 6.8 percent in Q1 2018 as compared to Q1 2017, reports on Tuesday showed. This positive report was met with less than stellar results in other […]
Bull Market Correction Or Bear Market?
In previous blog posts (e.g. hehe) I explained the limitations of sentiment as a market timing tool. Since the public is invariably wrong at price extremes, it certainly can be helpful to track the public’s sentiment and use it as a contrary indicator. However, whereas price extremes always coincide with sentiment extremes, sentiment extremes often don’t […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, April 17
WTI Crude Oil The WTI Crude Oil market pulled back slightly during the trading session on Monday, losing 1.6% by the time the markets closed for the day. The uptrend line underneath should continue to be supportive, and I think that it’s not until we break down below that level that we can start selling. […]
Some First Principles Of A ‘Dollar Short’
On Friday I wrote: Again, the size of your reserves reflects, and is proportional to, your potential need for funding. You can’t accumulate that many unless you have a similarly arrayed “dollar short.” The bigger the stockpile the more potential for it to get out of hand if things go the wrong way (usually on the […]
How Libor’s Surge Will Help Pop The Global Bubble
Four years ago, I wrote a piece for Forbes called “This New Libor ‘Scandal’ Will Cause A Terrifying Financial Crisis,” in which I explained that the “real” Libor scandal wasn’t the Libor rigging scandal, but the fact that that Libor interest rates were simply too low for too long, which was helping to fuel dangerous economic bubbles around […]
Stocks Outlook – Tuesday, April 17
Thoughts Retail Sales growth: this bull market in stocks still has 1-2 years left. U.S. could increase trade tensions with China. A short term bearish factor for the stock market. Stocks’ reaction to their earnings is not a medium-long term bearish factor for the stock market. Companies set to buyback $800 billion in stocks this […]
Gold Flat As Equities Recovery Offsets Geopolitical Worries
Gold prices rose slightly yesterday despite better risk appetite in the marketplace to start the trading week. U.S. stock indexes ended the day higher, buoyed by some strong corporate-profit reports. In economic news, the Commerce Department reported that retail sales jumped 0.6% last month. A separate report from the New York Federal Reserve Bank showed […]
GBP/USD Bullish Momentum Challenges Previous Resistance Top
GBP/USD 4 hour The GBP/USD uptrend keeps pushing for higher highs. Price has now arrived at the previous top on a daily chart which is a strong resistance level. A bullish breakout could see price make an extension towards the round level at 1.45 whereas a bearish retracement could test the support trend lines. 1 […]
USDCAD Daily Analysis – Tuesday, April 17
USDCAD remains in the downtrend from 1.2943, the bounce from 1.2544 could be treated as consolidation for the downtrend. Support is at 1.2544, a breakdown below this level could trigger another downside movement towards 1.2450 area. Near-term resistance is at 1.2625, only a break of this level could bring the price back towards the falling […]
