Author Archive: Jeremy Parkinson
“Black Friday” Turns Into “Strike Friday” For Amazon Workers In Italy, Germany
On one of the busiest shopping days of the year, the biggest online retailer is facing an employee crisis. Hundreds of Amazon workers in Italy and Germany went on strike on Friday, demanding better wages. kirstyfields / Pixabay “Strike Friday” for Amazon workers in Germany and Italy On Black Friday, Amazon workers in distribution centers in Germany and […]
Biotech Poised For Growth: 3 Healthy Fund Choices
On Nov 14, major biotech players plummeted more than 5% on average. This pushed the sector to its lowest level in the recent past. Following this decline, iShares Nasdaq Biotechnology ETF (IBB) and SPDR S&P Biotech ETF (XBI) tanked 11.5% in intraday trade, the sharpest fall since October. However, this decline is momentary as investors […]
Teva In ‘Survival Mode At This Point,’ Says Wells Fargo
Wells Fargo analyst David Maris says Teva (TEVA) is “in survival mode at this point” following reports that the company will soon announce a 20% workforce reduction. Given its “tough” debt position, Teva’s nearly 5% share rally in Israel is not surprising, as it encourages some investors that the company will not face a restructuring, […]
PMI “Broadly Consistent With GDP Growth At Just Over 2%”
Markit’s Chief Economist says the Nov. PMI reading puts the economy on course for “reasonable, not stellar” GDP Growth. Business growth eases slightly in November according to Markit’s Flash Composite PMI reading of 54.6. The composite PMI is a blend of manufacturing and services. Flash means it”s a preliminary estimate. The latest reading is signals the lowest […]
EURUSD Daily Analysis – Friday, Nov. 24
EURUSD is facing 1.1879 resistance. A breakout of this level could signal resumption of the uptrend from 1.1554, then next target would be at 1.2000, followed by 1.2092 (Sep 8 high). Near-term support levels are at 1.1770 and 1.1712. Below these levels could trigger further decline towards 1.1554. Breakthrough here will indicate that the downtrend […]
GBP Needs Fundamental Support To Justify Current Levels
We remain neutral on GBP at this moment but will be watching a range of fundamental drivers over the next week for confirmation that Sterling’s current strength is justified going forward. And on the charts, GBP/USD is trading around a recent six-week high, a level that needs to broken, and closed above, if the latest rally is to […]
Bitcoin Moves Above $8,000 To All-Time High
The recent action in Bitcoin probably makes it relatively easy for the media to write stories about the currency. For some time now, we have consistently seen titles on Bitcoin’s sequence of all-time high and sometimes the move up is linked to the denial of a proposed change in the network, called SegWit2x. In an […]
Chair Yellen Resigns
To no one’s surprise, Chair Yellen has announced her intention to resign effective upon the swearing in of her successor, Jerome Powell. Since Governor Powell’s confirmation hearing is set for November 28 of this year, it is possible for him to be confirmed and sworn in before the January 30–31, 2018, initial FOMC meeting, meaning […]
Max Keiser: Bitcoin To Reach 100,000 USD
Bitcoin will continue its domination of the crypto market, according to Max Keiser. Keiser is a renowned crypto-activist, former Wall Street broker, and the host of RT’s Keiser Report. Keiser said in an interview on RT that despite all the bitcoin bashing from various bankers, the currency will grow from its current level of around […]
USD/JPY Down Due To A Flattening Yield Curve
Strength can be seen in the Yen, as strong PMI Manufacturing data in Japan may suggest a strengthening in their large Export sector. Yield curves have flattened on US Treasuries, causing some allocation of funds out of US Treasuries and perhaps into other asset classes, that may be outside of USA and thus, some selling […]
