Author Archive: Jeremy Parkinson
E Elliott Wave Analysis: GBPUSD Can See More Weakness, While EURUSD Higher Levels
The USD is mixed, slightly higher against the EUR, unchanged against the AUD and down against GBP which has been very volatile yesterday when firstly GBP fell but then turned out very strong after the UK denied earlier notes about 45-55 billion divorce bill. We see cable trading at 1.3400 and even high making a […]
South Africa ETFs In Focus On Rating Downgrade
The South African economy has been experiencing low demand for exports and going through political turmoil that has weighed on its economy’s growth. Sequentially, GDP declined an annualized 0.3% in the fourth quarter of 2016 and 0.7% in the first quarter of 2017. However, it grew 2.5% in the second quarter of 2017. Rating Downgrade […]
Markets Break Out Of Midday Anxiety
U.S. equities were solidly in the green, with the major indexes notching fresh highs, shrugging continued tax reform uncertainty and anxiety over North Korea’s latest missile test. The gains came courtesy of a 17-year high in Consumer Confidence, reports of record-breaking Cyber Monday figures, and a more than two-decade high in regional manufacturing activity. Treasury […]
GBP/USD Breaks To A Two-Month High On Brexit Bill Deal Hopes
A report about the British government accepting to pay a high Brexit divorce bill sent the pound higher. And now it is taking another leg up. Pound/dollar is already trading at 1.3415 1.3428, the highest in around two months. An outline of the Brexit divorce bill is much closer to the EU demands of 60 billion euros and further […]
Bitcoin Breaks Records As Sterling Rallies
Bitcoin broke the $10,000 mark on Tuesday night, posting over 900 percent gains this year so far, the largest gain of all asset classes, as growing institutional demand for cryptocurrencies of all types continues to propel the markets upward. As of 2:15 p.m. HK/SIN on Wednesday, bitcoin was trading at $10,486.63 according to Coinbase, falling back […]
Stocks To Trade: CBRE Group, Boeing, Owens Illinois
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long CBRE Group (CBG) Long Boeing (BA) Short Owens Illinois (OI)
EC Inflation (Expectations) Corroborate Risk, Which Corroborates Inflation
On Thursday, the Bureau of Economic Analysis (BEA) will report on Personal Consumption and Personal Income (as well as the difference between those two, the Personal Savings Rate). Accompanying the economic figures will be the usual estimates for consumer prices, in this case the Federal Reserve’s preferred inflation gauge the PCE Deflator. There isn’t expected […]
US HY Credit Spreads – A Strategic Analysis
In this video we look at US HY Credit Spreads and provide a strategic analysis, and comment on how to think about timing this asset class.Specifically, the video walks you through a couple of slides of a recent edition of the Weekly Macro Themes report. In the video we provide an overview of how US High […]
Market Cap For New Home Sales Spikes Up
Just two months ago, we asked if new home sales in the U.S. were topping out. Based on the just released data for October 2017, we can now say the answer to that question is “not quite yet”. The following animated chart, showing the history of the effective market cap of the new home sales market in the U.S. […]
