Author Archive: Jeremy Parkinson
Energy Stocks Are Not Bullish Yet, They Are Neutral
Are energy stocks bullish? Some analysts are getting bullish now, right at a time when the price of crude oil is rising. Admittedly, both crude and energy stocks have been in great shape since June. However, both are bumping into heavy resistance now. Moreover, the U.S. dollar seems to be stopped falling. Before looking in the […]
Sears Drops After Top Shareholder Berkowitz Steps Down From Board
Shares of Sears Holdings (SHLD) dropped in afternoon trading after the company said Bruce Berkowitz is leaving its board, effective October 31. BERKOWITZ LEAVES BOARD: Sears announced this morning that Bruce Berkowitz will step down from its board of directors, effective October 31. Berkowitz, who joined the board of Sears in February 2016, is the […]
EUR/USD: A Bullish Move Out Of The Range?
EUR/USD is off the highs but has never gone too low. The pair is still trading on relatively high ground and quite stuck in a range. What’s next? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: USD Support To Fade Soon; Where To Target? – ING ING FX Strategy Research notes […]
USD/JPY Headed Back To 111?
There was very little movement in currencies on Monday and this lack of volatility could be indicative of trading for the rest of the week. With no major U.S. economic reports scheduled for release and Fed Chair Janet Yellen not speaking again until after the markets close on Friday, political headlines are the only […]
NAFTA Discussions Impacting Currencies
(Audio length 00:12:41) With NAFTA negotiation in round 4 there has been quite a bit of news and speculation regarding what will be decided. After asking our regular guests about their thoughts Marc Chandler is one of the only ones to have comments as he has been following along thanks to moves in the currency […]
October 2017 Empire State Manufacturing Index Near Post Recession Highs
The Empire State Manufacturing Survey improved and now is near post Great Recession highs. It was above expectations. Important internals were in expansion but declined. Analyst Opinion of Empire State Manufacturing Survey I am not a fan of surveys – and this survey jumps around erratically. Expectations from Bloomberg / Econoday were for a reading […]
10Y Spikes Over 3.00% Or Copper Crashes – What Happens Next?
The spread between 10Y Treasury yields and the ratio of copper-to-gold has never been wider as the former signals recessionary economics (flattest curve since 2007) and the latter reflationary recovery (highest in 3 years)… so who is right? Bond yields are sliding as Gundlach’s favorite signal (copper/gold) soars… implying 10Y over 3.01% (75bps higher than the current […]
GBP/USD Falls To Support As May’s Brussels Trip Looks Unfruitful
PM Theresa May made a trip to Brussels on a short notice. So far, it seems that this trip is not yielding any fruits. GBP/USD is falling to support at 1.3230. Further support awaits only at 1.3110. Resistance is at 1.3340. May, alongside Brexit minister David Davis, flew to the Belgian capital to meet with Jean-Claude […]
BlackBerry In Focus As Patent Licensing Director Exits
Shares of BlackBerry (BB)(BBRY) are in focus after a senior executive is said to have left the company, marking the second high-level departure in the last three weeks. EXECUTIVE DEPARTURES: Victor Schubert, a key attorney executing BlackBerry’s patent licensing strategy told Reuters in a LinkedIn message that he is no longer with the company. Schubert […]
Playing The Part In NAFTA Negotiations
As the fourth round of NAFTA negotiations comes to an end, the agreement’s survival has once again been brought into question. US President Donald Trump has threatened to strike a new deal with just Canada. Mexico downplayed the threat, saying it would walk away from negotiations if the new terms brought by the US put […]
