Author Archive: Jeremy Parkinson
CBO Budget Projections Worsen At Alarming Rate
The CBO projects trillion dollar deficits by 2020 and 2 trillion by 2028. Long History of Growing Debt The Bipartisan Policy Center reports Trillion Dollar Deficits Coming Soon. Here’s Why It Matters. When CBO published its mid-2017 update, the projections were far from rosy. The combination of the baby boomers phasing into retirement and ever rising […]
AUD/USD Forecast Apr. 16-20 – A Bit Overbought, Jobs In The Limelight
The Australian dollar advanced nicely as trade came back to fashion once again. The upcoming week features the RBA minutes, Australian jobs and the Chinese GDP. Here are the highlights of the week and an updated technical analysis for AUD/USD. Australia needs flowing trade to flourish. After China and the US moved from trade wars to pleasantries, […]
Citi: “There Is A Massive Problem” With The Bond Market
Is the global economic recovery over? That is the question investors are grappling with just as Q1 earnings season – the best since 2011 with its 18% Y/Y expected EPS growth – enters its busiest week yet. Meanwhile, as discussed here extensively in recent weeks, over the past two months economic data from around the globe, but […]
COT Report: Speculators Buy The Euro And Sell The Us Dollar
Relative to recent history, this week’s Commitments of Traders Report contains few notable changes. Looking at the data, the most significant moves include rising net long positions in the euro and falling net long positions in the Australian dollar. Changes in other currencies and commodities were relatively modest. On the bullish side, speculators continue to […]
E A US-China Trade Deal Is Coming
Some people believe that President Trump is so incompetent that none of his initiatives can yield anything positive for the U.S. Leaving aside that his policies have already helped facilitate lower unemployment and higher wages, it appears that his threat to place tariffs on Chinese imports has yielded positive results. As a result, my April 3 […]
Gold Flyin’ ‘n Dyin’ By The Tweet
As we put fingers to keys here in pre-dawn San Francisco, it’s been some 10 hours since the US/UK/France surgically precise strike on chemical facilities in Syria. To what extent there is a Russia et alia response remains in the balance. The effect on Gold, be it bought, ignored or sold, we’ll see when the new week […]
Forex Forecast: Pairs In Focus – April 15
In my previous piece last week, the only call I made was long GBP/USD. This obviously worked out well, as the currency pair rose by 1.11% over the week. Last week again saw a still-volatile stock market where the S&P 500 ranged above a supportive 200-day simple moving average. The steady fall in stock valuations […]
Ethereum: The Great Bull Market Resumes, Expect Higher Prices In 2018
The Ethereum bull market is set to resume. Why do we think so? Very simply, cryptocurrencies in general have stopped their selloff right at secular support levels, and, Ethereum in particular, is doing so in a textbook fashion. The daily price chart of Ethereum embedded below makes the point. In the last 12 months we have […]
Weighing The Week Ahead: Is Strong Earnings Growth Already Reflected In Stock Prices?
The economic calendar is normal, with an emphasis on housing. Earnings season begins in earnest, with widespread, high expectations. Especially after Friday’s selloff, many will be wondering: Do stock prices already reflect strong earnings growth? Last Week Recap In my last edition of WTWA I asked whether the Trump Trade had reached a tipping point. That was a […]
EUR/USD Eyes Further Weakness
The EUR/USD pair faces further downside pressure as it looks to extend downside pressure. On the upside, resistance comes in at 1.2350 level with a cut through here opening the door for more upside towards the 1.2400 level. Further up, resistance lies at the 1.2450 level where a break will expose the 1.2500 level. Conversely, […]
