Author Archive: Jeremy Parkinson
Bitcoin Forecast – Tuesday, Jan 9
BTC/USD Bitcoin fell against the United States Dollar during the trading session on Monday, as traders came back to work. It looks likely that the market could continue to drift a bit lower, but as you can see on the daily chart, I have formed a bullish flag that could happen. If we can break […]
World Debt Is Rising Nearly Three Times As Fast As Total Global Wealth
Some nasty dark clouds are forming on the financial horizon as total world debt is increasing nearly three times as fast as total global wealth. But, that’s okay because no one cares about the debt, only the assets matter nowadays.You see, as long as debts are someone else’s problem, we can add as much debt as […]
DAX Elliott Wave Analysis: Ending 5 Waves
DAX short-term Elliott Wave view suggests that the Index ended Intermediate wave (X) pullback at 12731.46. The rally from there is unfolding as a 5 waves impulse Elliott Wave structure where Minutte wave (i) ended at 12943, Minutte wave (ii) ended at 12881.5, Minutte wave (iii) ended at 13408.5, and Minutte wave (iv) is supposed to complete at 13328.5. […]
AUDUSD Daily Analysis – Tuesday, Jan 9
AUDUSD extended its upside movement from 0.7501 to as high as 0.7874. Near-term support is at the bottom of the price channel on the 4-hour chart. As long as the channel support holds, the uptrend could be expected to continue and next target would be at 0.7950 area. On the downside, a clear break below […]
Weekly Gasoline Price Update: WTIC Up 2.3%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were unchanged from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.21 and San Francisco, CA is the most expensive city, averaging $3.27. Oklahoma has the cheapest […]
China Performed Best In Asia In 2017
China H performed the best in 2017, up 51% in USD terms Many Asian markets saw higher USD returns as the US Dollar weakened Relatively low return in Malaysia, however, the ringgit recovered and USD return was above 20%
US Market Cap Approaches $30 Trillion
The market cap of the Russell 3,000, which contains roughly 98.5% of US stock market cap, is currently at $29.99 trillion. Below is a chart showing the historical market cap of the Russell 3,000 since Bush II officially won the 2000 election on December 12th, 2000. As shown, the index’s market cap ended up falling […]
Indian Indices Trade Marginally Higher; Realty Sector Up 1.9%
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the realty sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 93 points (up 0.3%) and the NSE Nifty is trading up 11 points (up 0.1%). The BSE Mid Cap index is trading flat, while the BSE Small Cap index is trading up […]
New Tools For Assessing China’s Economy In Near Real-Time
China’s official economic statistics bureau has struggled over the years to accurately capture the state of that nation’s economy for years, where it recently was forced to revise its previous estimate of its GDP in 2016 downward. China’s statisticians have been working to improve their estimates, but still face challenges. Beijing is in the process of […]
Ethereum Takes Over Ripple – Pullback Still Possible
While Ripple saw a major pullback on Monday, Ethereum reclaimed its spot as the second largest cryptocurrency by market cap. As we predicted a while ago, Ethereum reached and surpassed our $1,000 profit target last week. But as it goes with all cryptocurrencies, this doesn’t mean that another pullback won’t be coming our way again. […]
