Author Archive: Jeremy Parkinson
Dollar Correction Extended
The US dollar’s upside correction that began before the weekend has been extended in Asia and Europe today. The main exception is the Japanese yen.The yen’s modest gains have been registered despite the firmness in US rates and continued advance in equities; both factors associated with a weaker Japanese currency. It seems two other considerations are offsetting […]
Yen Pressured After BOJ Move
The Japanese Yen touched a 5-day peak versus the US Dollar after the Japanese central bank surprised markets by trimming long-dated government bond purchases. That has led to some speculation that, perhaps later this year, the Bank of Japan may finally begin to wind down its massive Quantitative Easing program. Analysts point out that “tweaking” […]
Sensex Closes At Record High; Coal India & Yes Bank Top Gainers
Indian share markets settled at new closing highs for a third straight session today. At the closing bell, the BSE Sensex finished higher by 90 points. While, the NSE Nifty finished higher by 13 points. Meanwhile, the S&P BSE Midcap Index ended down by 0.4% while S&P BSE Small Cap Index ended up by 0.1% respectively. Sectoral indices ended the day on a mixed […]
Yuan Tumbles After China Unexpectedly Suspends “Counter-Cyclical Factor” In FX Fixing
Back on May 26, 2017, shortly after Moody’s downgrade of China, Beijing “moved the goalposts” in its bid to reduce yuan volatility, to punish currency manipulators (read Yuan shorts) and limit capital outflows (the currency had weakened for three straight years, triggering draconian capital controls and the surge of bitcoin) when the May 26, 2017a new “counter-cyclical factor” to […]
EUR/USD Continues Retreating, Loses Support – A Halt May Wait For Friday
After initially clinging to the 1.20 level, EUR/USD lost that line. And after not going anywhere at first, the pair is now accelerating its falls. On its way down, euro/dollar slipped below 1.1960. That was the high point in late November, that turned into a line of support. After losing yet another line of support, can […]
More Important Than Gold’s Bottoming Price
Time is more important than price. That’s what we – investors – are often made to believe regarding the future price movement. And rightfully so. The price could reach a bottom several dollars ahead of the predicted price target or it could break through it, leaving investors wondering, if there was a breakdown and thus […]
Blockchain Makeover Of A Dog Penny Stock
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Blockchain can sure blow smoke in your face mistaking a dog for a super model, at least in the case of Long Island Ice Tea Corp (LTEA) now rebranded to Long Blockchain (LBCC) […]
Sentiment Survey: Furious Bulls
The latest weekly sentiment/positioning survey on Twitter revealed a continuation of some very interesting trends and a new record in bearish sentiment on bonds and a highest-equal bullish reading for stocks. If you thought that was interesting, the detail only gets better. For a copy of the survey historical data click here. Note, the survey asks respondents if […]
The Three R’s Of Effective Regulatory Reform
With tax cuts now a done deal, Republicans are turning to regulatory reform to give economic growth a further boost. There, they may find more bipartisan support. Past reforms of airlines, rail, and trucking regulation were, after all, set in motion by Democrats. Today, there is significant Democratic support for reform of financial regulation, especially as applied […]
