Author Archive: Jeremy Parkinson
Further Signs Of Strengthening In The Eurozone
The common currency had opened last week on a somber note as reports about the coalition talks in Germany put Angela Merkel in a weak spot. The euro briefly fell after the news, as the possibility of a snap election emerged. However, the currency managed to recover from the initial decline as economic data from […]
USD/JPY Bullish Breakout Approaches Key 112.50 Resistance
USD/JPY 4 hour The USD/JPY broke above the resistance of the bearish channel (dotted red). The bullish breakout could indicate the completion of wave 2 or wave B (purple) as well. The key levels are the Fibs of wave X (pink) because a bearish bounce could see price fall towards the 61.8% at 110. Strong […]
International Financial ETFs Versus 3 Major World Indices
It appears that several international Financial ETFs have, generally, performed well over the past couple of years and are, either approaching major resistance, or have already reached it, when compared with their respective country’s Major Index on a ratio basis. The first is the XLF:$SPX ratio, as shown on the 5-Year Daily ratio chart below. The second is the EUFN:$STOX50 ratio, […]
US Dollar: Senate Tax Plan Vote, PCE Inflation Data In The Spotlight
Eurozone CPI takes top billing on the European data docket, with the headline inflation rate expected to have hit a seven-month high at 1.6 percent on-year in November. Meanwhile, the German labor-market statistics are expected to leave the jobless rate unchanged at 5.6 percent while Swiss GDP figures point to accelerating growth in the third quarter. None of these outcomes seem […]
FV Anatomy Of A Bubble 101
Video Length: 00:22:56 This has the potential to be a top, or it could just intensify the bubble mentality even more if not making it even that much more likely that investors get caught when the top arrives. The more times the market recovers the more convinced traders become that there is no risk thus […]
S&P 500 And Nasdaq 100 Forecast – Thursday, Nov. 30
S&P 500 The S&P 500 went back and forth during the trading session on Wednesday, initially breaking out to the upside but turning around to form a shooting star. The shooting star of course is a very negative sign, and I believe that we could see a bit of a pullback. The 2600 level underneath […]
USDCAD Daily Analysis – Thursday, Nov. 30
USDCAD broke above 1.2836 resistance. Further rise towards 1.2916 previous high would likely be seen in the coming days. A breakout of this level will confirm that the uptrend from 1.2061 (Sep 8 low) has resumed, then the following upside movement could take price to 1.3100 area.
Stocks To Trade: ABBV, DLPH, AMD
Take a look at three trading ideas to prep you for the next trading session. Long AbbVie (ABBV) Long Delphi Automotive (DLPH) Short Advanced Micro Devices (AMD)
Meanwhile, South Korean Industrial Production Crashes
With South Korean stocks soaring in the face of nukes from their northern neighbor and a credit-crunching China, it appears the South Korean economy just caught down to reality… South Korean Industrial Production crashed 5.9% YoY in October – the biggest plunge since Feb 2013 – driven by a 17.5% collapse in auto production. Economists had forecast a […]
Comment Of The Day: “Bitcoin Ought To Be Outlawed” Stiglitz
Economist Joseph Stiglitz sees no socially useful purpose to Bitcoin and concludes it should be banned. The former chief economist of the World Bank, Joseph Stiglitz Wants Bitcoin Banned. “Bitcoin is successful only because of its potential for circumvention, lack of oversight,” Joseph Stigliz, currently a professor at Columbia University, said in an interview on Bloomberg […]
