Author Archive: Jeremy Parkinson
EUR/USD, GBP/USD Approach Key Bear-Bull Decision Zones
EUR/USD 4 hour The EUR/USD is again challenging the Fibonacci levels of wave 4 vs 3 (blue) after bouncing at the 50-61.8% support zone. A break below the support trend line (blue) and 61.8% Fib of wave 4 makes a bearish scenario more likely. In that case, the alternative outlook is that price is not […]
The False News Provoked A Jump In The US Government Bonds Yield
Yesterday, weak reports on import and export of the US were published. On Wednesday, Bloomberg reported that Chinese officials recommended stopping the purchase of the US government bonds. After this statement, the US government bonds yield jumped sharply, and the dollar fell. However, as it became known later, this statement was considered to be false. […]
Kodak Coin Pre-Selling Ahead Of ICO – What’s In It For Investors?
Kodak Coin Pre-CIO Overview: Today, we’re looking at Kodak Coin. A new cryptocurrency from that photo company you haven’t heard of since you used a disposable camera. But for now, it looks like only photographers can get in on it. Who’s Behind Kodak Coin? It is actually a Vancouver-based company called Global Blockchain Technologies Corp. which […]
BTC/USD And BTC/JPY Forecast – Thursday, Jan 11
BTC/USD The Bitcoin markets fell most of the day on Wednesday, but as you can see on the daily chart, we have tested an uptrend line and bounced enough to form a hammer. By doing so, this is a very bullish daily signal, and if we can break above the top of the candle for […]
Yen Sustains Gain For A Second Day
The decision of the Bank of Japan to reduce its long-dated bond-buying program on Wednesday bolstered the Yen outlook across the board. Pushing the currency to a six-week high against all G-10 currencies On Thursday. Experts believed the cut back was a sign of positive economic outlook in 2018 and expect the apex bank to […]
Please Millennials, No Do Not Save In Bitcoin
Alright Millennials, listen up – I am older than you and that means I am smarter than you so take a few minutes and soak up this old man’s knowledge bomb or I will put you into a choke hold and noogie you until you scream mercy. Here’s an article by a millennial telling other millennials to […]
Formal Assessment Of The Growth Impact Of The TCJA
Never have so many simulations been ignored in favor of faith in tax cuts. Here’s the CRFB’s run down on growth impacts from the tax legislation as passed. Source: CRFB’s run down. Hence “the final bill [increases] average GDP growth by just 0.01 to 0.02 percentage points per year over a decade.” I am glad to see that the […]
No, No, This 2% Is Different From All Those Others
The TIPS market corollary to interest rate case impatience is overhyping any round number that might in isolation appear to confirm the bias. To reiterate the mistaken assumption : if you believe that economic growth just happens, then given how much time has passed since that was true or apparent you have to believe each long end […]
EURUSD: Downwards-Trend Continues
Previous: On Wednesday the 10th of January, trading on the euro closed slightly up after Bloomberg landed a blow on the dollar during the European session. The news agency reported that China is planning to reduce or stop its purchases of US government bonds. The dollar dropped as bond yields rose due to the fact that […]
Gold Prices Touch 4-Month High On Rumor China Souring On US Debt
Gold prices edged up as the US Dollar fell after officials from Chinawere said to be viewing Treasury bonds as less attractive in unsourced reports. Beijing has since denied the story and the yellow metal slumped back into familiar territory, but not before touching the highest level in four months. Crude oil prices drifted sideways, unimpressed by the weekly set of EIA inventory flow […]
