Author Archive: Jeremy Parkinson
Why Oil Should Be Supported In Weekly Chart
Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see that the market has a potential 5 swing incomplete bullish sequence. It seems like that it is still […]
Capital Markets Calmer, Greenback Consolidates
As market participants were just getting their sea legs back after the start of the year, it was hit by a one-two punch of ideas that BOJ policy was turning less accommodative and that Chinese officials were wary of adding to their Treasury holdings. Then late yesterday, a news wire reported that Canada suspected the […]
Korean Crypto Crash – The Beginning Of A Huge Downfall Or A Buying Opportunity?
Police and tax agencies in South Korea raided exchanges of cryptocurrencies searching for evidence of potential tax evasion. Coinone and Bithumb are under investigation for quite some time, but these fresh raids are a ramping up of these efforts. In addition, there are reports by SBS that authorities in the Asian nation are working on legislation that will shut […]
Gold Gains On Weaker Dollar
Gold prices rose $4.31 an ounce on Wednesday as the dollar came under pressure after Bloomberg news published a story about the Chinese government possibly reducing its buying of U.S. government bonds. XAU/USD traded as high as $1327.64 an ounce but it was unable to hold above the $1326.20 level. As a result, the market […]
USDCAD Technical Analysis: The Contrarian Case
In 2017, the dollar fell more than 10% against its global peers. Among the currencies that strengthened against the dollar was the Canadian Dollar. The dollar fell from a high of 1.37844 to a low of 1.2063 in September. After that, the dollar tried to recover, rising to the 1.2902. It didn’t go well. As […]
Sensex Trades On A Volatile Note; Energy Stocks Top Losers
After opening the day in the red share markets in India witnessed choppy trading activity and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the IT sector witnessing maximum buying interest. While stocks in the energy sector are leading the losses. The BSE Sensex is trading up […]
5 Must-See Big Bank Earnings Charts
Video Length: 00:04:50 Now that Alcoa has separated into two businesses, it no longer leads off earnings season. That crown has fallen on the big banks as they all report close together near the start of earnings season. Bank shares have been soaring at the end of 2017 as the economy has heated up and […]
AUDUSD Daily Analysis – Thursday, Jan 11
AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this level could signal completion of the uptrend.
Understanding Debt
Remember when pundits suggested the way to get rich quick was to use “Other People’s Money” (OPM)? They pointed to real estate empires and stock market success resulting from investors leveraging debt to accumulate wealth. It’s not as easy as it sounds. I moved to Atlanta during the cable TV boom. Several friends worked for […]
EC Forex Critical: The Japanese Yen On Edge
I wrote little about the Japanese yen (FXY) over the past year or more. It’s time to pay closer attention. As every forex trader knows by now, on Tuesday, January 9th the Bank of Japan (BoJ) slowed down its purchase of bonds with more than 10 years maturity. The yields of these bonds ticked up and […]
