Author Archive: Jeremy Parkinson
UK Construction Sector In Recession – GBP/USD Is Stuck
Pound/dollar is trading above 1.33, closer to the upper end of the 1.3030 to 1.3320 range that characterizes it during long weeks. However, the driver is the weakness of the dollar. The meeting minutes by the FOMC revealed that a few members “oppose” a rate hike and many are becoming more concerned about the absence of inflation. […]
Crude Oil – Thursday, November 23
Well-supported bullish trend gaining momentum. Source: INVESTING.com
The FOMC Protocols Hit The Dollar
During yesterday’s trading, the US dollar sharply weakened against the basket of world currencies. The dollar index (#DX) closed the trading session in the negative zone (-0.78%). The FOMC protocols indicated that most officials expect stable economic growth. The increase in the range of the Fed’s key interest rate may be justified in the near […]
Data Is The New Currency
There’s a constant buzz about disruption, which kind of sounds like destruction to me. We have to realize that no one is going to destruct or even possibly disrupt banks. No one. It has not happened in my lifetime of working with technology in banks, and I don’t think it will happen in the next […]
GBP/USD Challenges 1.33 Resistance Of Consolidation Zone
GBP/USD 4 hour The GBP/USD bullish channel (red/green) has reached the top of the channel (orange) and the resistance of the sideways range (red). A breakout above the resistance could indicate a new uptrend whereas a bearish bounce could see price fall back to the bottom of the channel. 1 hour The GBP/USD has reached […]
Chinese Stocks Plummet: Shanghai Tumbles Most In 17 Months As Bond Rout Spreads
The euphoria from the year-end melt up in Europe and the US failed to inspire Chinese traders, and overnight China markets suffered sharp losses, with the Shanghai Composite plunging 2.3%, its biggest one day drop since June 2016, over growing fears that the local bond rout is getting out of control. Both the tech-heavy Chinext […]
One Of The Five Safest MLP Distributions
Despite a strong economy and stock market and a rebound in oil prices, master limited partnerships (MLPs) are struggling to keep up. Magellan Midstream Partners (NYSE: MMP) has had a rough year from a stock price performance standpoint. However, in terms of income, the partnership is performing well. The company has raised its distribution in each […]
WTI Crude Oil And Natural Gas Forecast – Thursday, November 23
WTI Crude Oil The WTI Crude Oil market rallied significantly during the trading session on Wednesday, reaching towards the $58 level again. The $50 level course has been resistive in the past, and the fact that we are closing right around that level is a good sign. However, the futures market will be thin electronic […]
ShotSpotter: Bracing For A Bear Raid
ShotSpotter (SSTI) first came to my attention three months ago. After reviewing the company’s first earnings as a public company, I became convinced that the company’s gun detection technology and business had enough potential to be worth a speculative investment. I proceeded to accumulate shares at lower prices and at a higher price ahead of the company’s […]
Pound Gains Traction Ahead Of Budget
The British Pound was gaining traction during trade on Wednesday as traders appear uncertain of the currency’s direction ahead of the looming budget statement from Philip Hammond, the country’s finance minister. Analysts largely don’t expect his statement will have any major impact on the Pound, however, as FX traders had already prepared themselves for a […]
