Author Archive: Jeremy Parkinson
Core Consumer Prices Rise Faster Than Expected As Rents Accelerate
Following deflationary prints in import prices and producer prices, core consumer prices came in modestly hotter than expected. Core CPI printed +1.8% YoY – highest since April 2017 – as shelter costs re-acclerate. Headline SPI rose just 0.1% MoM (as expected) but notable slower than the 0.4% MoM rise in November. The index for all items […]
As Sisyphus Fails Gold Will Ascend
Welcome to 2018 – a year that will be the culmination of at least 105 years of mismanagement of the Western financial system by governments, central bankers and the elite. 2018 will be a year of major volatility in many markets. Stocks are now in a melt-up phase and before the major bear markets start […]
The US Dollar Is Under Pressure
The US dollar index (DX) fell to a three-month low yesterday. The US currency fell against the major currencies. Yesterday, consumer price indices were published, the values of which were lower than forecasted expectations. The US dollar is also under pressure due to the increase in the number of jobless claims. Today will be important […]
Gold Reached The Full ATR Projection
Gold has reached the full ATR projection boosted by the positive EUR flow and weaker USD. According to Admiral Correlation Matrix, we see a very positive correlation between EUR/USD and Gold on last 500 H1 bars. At this point, we could see a retracement from the top 1333.40 and if the price breaks 1326.70 to the […]
Crude Oil Rally Pauses As Investors Await Trump’s Iran Decision
Yesterday, the price of WTI and Brent crude oil reached new three-year highs. The recent surge is attributed to four reasons. First, this week, the American Petroleum Institute reported a huge withdrawal of 11.2 million barrels of crude oil. Second, the Energy Information Administration (EIA) released data showing a reduction of 4.9 million barrels of […]
Gold & Silver- Potential Monster Bullish Pattern Says Joe Friday
Below looks at the ratio of Silver to Gold over the past 30-years. Metals bulls historically receive a bullish message when this ratio is moving higher. Back in 2011, the ratio hit highs that took place in the early 1980’s and its been downhill for Gold and Silver ever since. Could the long-term trend in […]
Consumer Price Index: December Headline At 2.1%
The Bureau of Labor Statistics released the December Consumer Price Index data this morning. The year-over-year non-seasonally adjusted Headline CPI came in at 2.11%, down from 2.20% the previous month. Year-over-year Core CPI (ex Food and Energy) came in at 1.78%, up from the previous month’s 1.71%. Here is the introduction from the BLS summary, […]
Coffee Percolating For 2018 Rally
Coffee is a market that spends 80% of its time moving sideways or lower. Thus looking for Bull moves higher entails some risk.Brazilian currency appreciation, La Nina and extreme oversold hedge positions by Money Managers and Large Spec traders all have potential to support a meaningful rally in 2018 above the 130’s to 140’s consensus. When Oil collapsed […]
Semi Canary Still Chirping, But He’s Gonna Croak In 2018
Since January 2013 we have been using the worldwide Semiconductor Equipment industry as a leader within the Semiconductor sector, which is an economic cyclical leader itself. That month we noted a positive move in Equipment bookings, which became a (3 month) trend that spring. This trend was used to project positive economic signals to come. […]
DXY Index Eyes 2017 Low As EUR/USD Hits Three-Year High
Video Length: 00:06:59 Amid news that German Chancellor Angela Merkel would finally be able to cobble together a coalition government, the EUR/USD has found itself shaking off whatever political risk that it’s carried since the September elections. EUR/USD break above 1.2100 today signals not only a fresh high for 2018, but its highest exchange rate […]
