Author Archive: Jeremy Parkinson
Retesting Investment Anomalies
Audio Length: Last week’s podcast was in a new special-edition format, jointly hosted with Wesley Gray, CEO of Alpha Architect. Gray is a Philadelphia-area PhD and investment manager. He plans to join me in our Wharton School studio to help profile academic work that is most relevant to investors. Introducing this week’s guest, Dr. Lu […]
Gold Double Bottom Support Is Broke
The gold enjoyed a steady uptrend during Monday but a small doji (stop candle) that appeared at W L3 resistance suggested a possible momentum change. Straight after the doji has been formed the price continued to fall and it finally broke the double bottom and D L3 pivot. Traders should pay attention to possible short-term […]
USD/JPY And AUD/USD Forecast – Tuesday, Oct. 17
USD/JPY The US dollar fell against the Japanese yen initially at the open on Monday but then found enough footing to break above the 112 level. I believe that the market is trying to consolidate around this area so that we can continue to the upside, especially with the interest rates rising in the United […]
Temporary Speed Bump Expected To Weigh On US Q3 GDP Report
GDP growth in the third quarter is widely expected to decelerate in the government’s “advance” estimate that’s due at the end of this month. Part of the projected slowdown is due to the temporary effects of hurricanes, according to analysts. Forecasters are looking for a 2.4% increase in output for Q3, based on the average […]
Global Stocks Just Shy Of Record Highs As Dollar, Yields Rise On Taylor Tension
Global markets traded near all-time highs on Tuesday, with S&P futures, Asian shares and European stocks all flat this morning, while oil continued to gain on Kurdish geopolitical concerns while most industrial metals fell. The euro extended its recent slide and stocks drifted as Spain’s escalating hard-line response to the Catalonian secession threat fueled concern […]
EURUSD: Price Approaching The Neckline
On Monday the 16th of October, trading on the euro/dollar pair closed slightly down. The pair spent most of its time in a sideways trend. After dropping to 1.1781, the euro recovered its lost ground to reach 1.1819. Still, the price didn’t make it to the balance line, which at that point ran through 1.1826 levels. […]
Technically Speaking: Clarifying Overbought, Extended & Bullish
The market is downright bullish. There is little reason to argue the point given the bullish trends of markets globally which are strongly trending, positively correlated, and simultaneously breaking out to all-time highs. Of course, such is not surprising given the massive levels of Central Bank interventions, suppressed interest rates, and global coordination between Government’s and major […]
German ZEW Sentiment Misses With 17.6 – EUR/USD Ticks Lower
Business confidence is not going anywhere fast, according to the ZEW Economic Sentiment measure for October 2017. The score advanced from 17 to 17.6 points. Worse off, the Current Conditions component shows a fall from 87.9 to 87 points. EUR/USD, which was already under pressure, is ticking a few pips to the downside. This isn’t […]
E Is Brexit Impact On The UK Property Market A Fallacy?
Talks between the UK and the EU on the withdrawal of Britain following Brexit have been reported to have hit a deadlock in the last few days. And on October 16, 2017, British Prime Minister, Theresa May was reported to have traveled to Brussels for a dinner with EU leaders in a bid to end […]
New Zealand Inflation Beats Expectation In 3Q; Kiwi Stable
Rising housing costs and expensive food materials strengthened New Zealand’s consumer prices in the third quarter of 2017. Consumer Price Index rose 0.5 percent in the third quarter, according to the Statistics New Zealand report released on Tuesday. On a yearly basis, prices climbed 1.9 percent, up from 1.7 percent recorded previously. Little to no […]
