Author Archive: Jeremy Parkinson
AUD/USD Daily Analysis – Thursday, April 12
AUD/USD is now facing 0.7785 resistance. A breakout of this level could trigger further upside movement towards 0.7820, followed by 0.7860. Support is at 0.7725, only a breakdown below this level would indicate that the upside movement from 0.7642 is complete, then another fall towards 0.7650 could be seen.
Gold Rallies, But Pares Gains After Fed Minutes
Gold prices rose $13.87 an ounce on Wednesday as a weak dollar and the threat of imminent U.S. military action in Syria whetted investors’ appetite for the relative safety of the precious metal. U.S. President Donald Trump tweeted that Russia should “get ready” for missiles to be fired at its ally Syria, in response to […]
Natural Gas – Thursday, April 12
Natural Gas relative underperformance to Crude Oil says the whole story. Price chart does not give hints of an imminent turnaround. Source: INVESTING.com
E EUR/JPY Update
Recent price action and turn up from 129.00 on EUR/JPY can be an indication that corrective wave 2) is still in the making and can become more complex. We see a three-wave rally in first part of a bounce, followed by a three-wave drop, now current strong recovery can be another three wave structure, this […]
China Says US Is Not Sincere And “Import Tariff Cuts Not A Concession To Trump”
Trump thanked China’s concessions in a Tweet. In response, Xi essentially slapped Trump in the face. Very thankful for President Xi of China’s kind words on tariffs and automobile barriers…also, his enlightenment on intellectual property and technology transfers. We will make great progress together! — Donald J. Trump (@realDonaldTrump) April 10, 2018 One might have […]
The Golem Is Alive
Traditional Markets In early February the stock markets saw a historic sell-off. The Dow Jones for the first time lost more than 1000 points in a single day, and then it did it again. Back then, there was little to no talk about any trade war with China and certainly no concerns about big data. […]
Watch Small Caps For Short-Term Leadership
The Russell 2000 Index (RUT) is holding closer to its January all-time highs, compared with the Dow 30, S&P 500 and Nasdaq 100 Indices, as shown on the following daily charts. Its momentum indicator remains the strongest, of late, and is above the zero level, as are the others. As well, the RUT is showing relative strength in terms of the percentages gained/lost on the following year-to-date and 1-week graphs. All of this […]
Elliott Wave Analysis: USD/CAD Moving In Impulsive Structure
USD/CAD Short Term Elliott Wave view suggests that the decline from 3/19 high (1.313) is unfolding as a 5 waves impulse Elliott Wave structure. Down from 1.313, Minor wave 1 ended at 1.2819, Minor wave 2 ended at 1.2943, and Minor wave 3 is in progress. Internal of Minor wave 3 also unfolded as an […]
Sensex Trades Marginally Up; TCS & Infosys Top Gainers
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the information technology sector and consumer durables sector witnessing maximum buying interest. While energy stocks & metal stocks are trading in red. The BSE Sensex is trading up by 87 points (up 0.3%), and the NSE Nifty is trading up by 13 points (up 0.1%). Meanwhile, the BSE Mid […]
