Author Archive: Jeremy Parkinson
Commodities Surged Last Week, Leading Most Markets Higher
Most of the major asset classes scored gains last week, with broadly defined commodities leading the way, based on a set of exchange-traded products. The broadly defined iPath Bloomberg Commodity (DJP) posted its biggest weekly calendar advance in 2018 for the five trading days through April 13. The exchange-traded note was up 3.1%, closing at the highest […]
Indian Indices End Marginally Higher; Realty Stocks Witness Buying
After opening their day on a negative note, Indian share markets witnessed buying interest and ended their session marginally higher. Gains were largely seen in the realty sector and healthcare sector, while losses were largely seen in the IT sector and telecom sector. At the closing bell, the BSE Sensex stood higher by 113 points (up 0.3%) and the NSE Nifty closed higher by 48 points (up […]
Bitcoin’s Path To 250K
The United States, France, and the United Kingdom have carried out a series of airstrikes on the war-torn country of Syria. They have specifically targeted facilities that enable the Asaad Regime to carry out chem-warfare attacks. In a place where things seemed like they couldn’t get any worse, this latest escalation is rather significant as it brings in […]
AUDUSD Daily Analysis – Monday, April 16
AUDUSD extended its upside movement from 0.7642 to as high as 0.7809. The key support is now at 0.7738, as long as this level holds, the upside movement could be expected to continue and next target would be at 0.7850 area. On the downside, a breakdown below 0.7738 support would indicate that the upside movement […]
NZD/USD Progressive Zig-Zag Uptrend
Source: Admiral Markets MT5 with MT5SE Add-on The NZD/USD has been in a steady uptrend with a progressive zig-zag pattern. At this point, the price is within the POC zone 0.7337-0.7348 and we could see a spike towards 0.7386 with a potential for 0.7420. However, if the price breaks below 0.7335 pay attention to POC2 0.7313-0.7325 as the […]
WTI Crude Oil And Natural Gas Forecast – Monday, April 16
WTI Crude Oil The WTI Crude Oil market continues to try to go higher during the trading session on Friday, but as you can see struggled a bit. The $68 level should continue to be an area of resistance, but I think if we can break above that level, I think that the market should […]
Bombs, Missiles And War – What To Expect From The Stock Market Next
Friday night opened up a whole new perspective on the global markets with the coordinated targeted attack on Syria. It’s not that we didn’t know this was a possibility, yet the event itself changes how the markets may react on Monday and throughout this next week. First off, with this event playing out late Friday […]
Cryptos Not Dead After All?
Much to the chagrin of the crypto critics, it appears as if Bitcoin and the other cryptos have gotten off the mat and aren’t dead just yet. As after experiencing a massive sell-off and sitting slightly below $7,000 per Bitcoin for the past few weeks, the price burst through the $7,000 mark and over $8,000 […]
Earnings Season Weighs On Markets
Asian markets were trading mixed to start the week as traders eyed U.S. earnings season which is set to begin in earnest this week. Thomson Reuters predicts S&P profits to have risen by 18.6 percent in Q1 2018 as compared to Q1 2017, the biggest increase in seven years. Profit-taking in advance of the earnings […]
USD/JPY Uptrend Reaches 50% Fib And Builds Rising Wedge
USD/JPY 4 hour The USD/JPY has made one more bullish push towards the key 50% Fibonacci resistance level, which has acted as a key resistance zone. Price is now building a rising wedge reversal chart pattern and a break of the support trend line (blue) could confirm the start of a bearish reversal. 1 hour […]
