Author Archive: Jeremy Parkinson
AUDUSD Daily Analysis – Tuesday, Oct. 17
AUDUSD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the fall from 0.7897 could be treated as consolidation of the uptrend. Further rise could be expected after the consolidation and next target would be at 0.7986. […]
USD Intermediate Cycle Update
I need to see a bit more follow through confirmation in the days ahead, but it sure looks to me that the USD found support at the 50ma and found a short-term Trading or Daily Cycle Low (TCL/ DCL) last Friday on day 24. If I am correct, yesterday was day 1 of the Trading […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Oct. 17
WTI Crude Oil The WTI Crude Oil market continues to show strength, and now that the Iraqi Army has entered Kurdistan, there are a lot of concerns when it comes to the disruption of oil around the world. That being the case, we did see a bit of a rally, but I would point out […]
HH Amazon Has A Long Track Record Of Failures
Analysts give Amazon.com Inc. (Nasdaq: AMZN) a lot of credit these days. The company can single-handedly alter a business environment overnight … or at least that’s what analysts would lead you to believe. Amazon’s latest market-moving announcement was that it was close to deciding on entering the online pharmaceutical drug marketplace. Let me repeat that. Amazon is […]
E IMF Raises Global Economic Outlook For 2017 And 2018
The IMF, in its World Economic Outlook, raised the global economic outlook for 2017 to 3.6% and to 3.7% for 2018. This was a slight upgrade from the previous estimates of 3.5% and 3.6% respectively. The IMF’s World Economic Outlook report is released twice a year. In its report, the IMF said that the global […]
The Harsh Truth About Gold
Is gold dead? Over the last three years, the SPDR Gold Shares ETF (GLD) has lollygagged in a sideways direction. I’d honestly rather watch paint dry than analyze a gold chart. Given such an uninspired performance, I don’t believe that gold warrants a major weighting in your portfolio. Of course, my assertion above constitutes sacrilege […]
Sensex Trades In Red; Bank Stocks Top Losers
After opening the day in the red, share markets in India have traded on a volatile note and are presently trading below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the capital goods sector and stocks in the realty sector witnessing maximum buying interest, while stocks in the banking sector are leading the losses. The BSE Sensex is […]
The Distribution Of Returns The Randomness Embedded In Them
As traders, one of the most important traits we can adopt is humility. We have to embrace our fallibility. Markets are complex systems. We cannot know all the relevant variables and causal relationships. Therefore, when we make a market prediction or place a trade, we can’t truly know if the subsequent outcome occurred for the reasons we believed, […]
Above The 40 – A Quiet Bearish Divergence Out Of Overbought Territory
AT40 = 69.9% of stocks are trading above their respective 40-day moving averages (DMAs) – ended 12 straight days overboughtAT200 = 59.7% of stocks are trading above their respective 200DMAsVIX = 9.9Short-term Trading Call: bullish (see caveats below) Commentary AT40 (T2108), the percentage of stocks trading above their respective 40-day moving averages (DMAs), slipped below the overbought threshold […]
Gold Snaps Six-Day Winning Streak
Gold prices moved lower on Monday as the dollar clawed back some of its recent losses. In economic news, the Federal Reserve Bank of New York reported that manufacturing activity in the region jumped to 30.2 from 24.4 a month earlier. The XAU/USD pair is currently trading at $1294.15, slightly lower than the opening price […]
