Author Archive: Jeremy Parkinson
10Y Treasury Yields Breakout To 10-Month Highs, Curve Steepens Most Since Election
Perhaps in a mini-tantrum reaction to Japan’s ‘taper’ overnight, which steepened the JGB curve notably… US Treasury yields are breaking out higher today with 10Y Yields solidly above the 2.50% ‘Maginot Line’ for the first time since March 2017. The 2s30s yield curve is spiking today – the most since the Nov 2016 election (+6bps to 91bps) The […]
Gold: The Significance Of $1320
I told subscribers to expect $1320 to function as a headwind for gold on this rally, and that’s happening right on schedule. To understand the nature of this headwind… Double-click to enlarge this important weekly gold chart. Note that the two biggest volume bars both occurred as key events in India occurred. It could be […]
WTI Crude Oil Highest Since December 2014
Oil prices have been on a gradual path of rises for quite some time. And now, WTI crude oil tops the 2015 high of $62.60 and reaches new highs $62.69. It currently trades at the highest levels since December 2014. The breakout awaits confirmation. The move higher in oil prices should give a boost to […]
Wages Are The Key To 2018
Nine days into 2018, I’ve read 793 economic and market forecasts. Okay, that’s an exaggeration… but it certainly feels like it. In any case, I’ve read enough to know opinions are all over the place. Whatever your desired scenario, some expert says it’s a sure thing. A forecaster’s greatest challenge is separating what you want to happen […]
Job Openings & Labor Turnover: Clues To The Business Cycle – Tuesday, Jan. 9
The latest JOLTS report (Job Openings and Labor Turnover Summary), with data through November, is now available. The first chart below shows four of the headline components of the overall series, which the BLS began tracking in December 2000. The time frame is quite limited compared to the main BLS data series in the monthly employment report, […]
USD/JPY Weakness To Persist On Cautious Fed Rhetoric
USD/JPY struggles to preserve the advance from the beginning of the year as the Bank of Japan (BoJ) reduced its purchases of long-term bonds under its Quantitative/Qualitative Easing (QQE) Program with Yield-Curve Control, and the pair stands at risk of threatening the range-bound price action from December should a growing number of Fed officials adopt […]
2018 IPO Prospects: Dropbox Has Made Good Progress
Photo Credit: Ian Lamont/Flickr.com According to a Marketsand Markets report, the cloud storage market size is estimated to grow from $23.76 billion in 2016 to $74.94 billion by 2021, at a CAGR of 25.8%. Growth is driven by factors such as high demand for hybrid cloud storage, growing need for enterprise mobility, and the need for […]
Gold Prices Choppy After Payrolls
The U.S. economy added only 148,000 jobs in December. Gold prices reacted in a choppy way, confusing some analysts. Why? December Payrolls Disappoint Total nonfarm payroll employment increased only 148,000 in December, the slowest pace in three months. The employment gains were generally widespread, but the biggest employers were construction (+30,000), leisure and hospitality (+29,000), education and […]
The Commodity Boom Of 2018
2018 will be the year the commodity bull gets running… When a man makes his play in a commodity market he must not permit himself set opinions. He must have an open mind and flexibility. It is not wise to disregard the message of the tape, no matter what your opinion of crop conditions or […]
