Author Archive: Jeremy Parkinson
Crude Oil Prices Stall At 2.5-Year Highs, Gold Eyes Fed-Speak
Talking Points: Crude oil prices stall at 2.5-year highs before API, EIA releases Gold prices may pull back on upbeat remarks from Fed officials What is driving long-term crude oil price trends? Find out here Benchmark commodity prices have made little progress since setting prominent highs mid last week. Crude oil prices will look to the weekly API inventories report as well as […]
Leveraged Loans Decline For The First Time In 16 Months
Even though the headline jobs report missed, there were enclaves of strength. As you can see in the bottom chart, the labor force participation rate among men aged 25-54 increased to 89% on a seasonally adjusted basis. This is about a 1% improvement from the bottom which was hit in 2013, 2014, and 2015. The […]
Interest Rates Walking On Narrow Ledge
There is a huge shock in store for those who have been lulled to sleep by a stock market that has become accustomed to no volatility and only an upward direction. And that alarm bell can be found in the price action of Bitcoin, which recently tumbled over 40% in less than a week. For […]
Weekly Wave Analysis EUR/USD, GBP/USD, USD/JPY
Please find here below this week’s wave analysis on the EUR/USD, GBP/USD and USD/JPY daily, weekly and monthly charts. EUR/USD The EUR/USD is either building a bullish wave 3 (pink) or a wave C (not visible on chart yet). A break above the resistance (red) line makes a bullish continuation more likely whereas a break […]
BoA: Cash Levels Show Market Sentiment Remains Subdued
Even though equity markets around the world continue to march higher, and show no signs of slowing down anytime soon, it seems investors would still rather invest in bonds. According to the latest issue of Bank of America’s Flow Show Report, during the first week of January, investors withdrew $4.5 billion from equity funds ($3.9 billion ETFs […]
Pound Ignores The Negative Indicators – For How Long?
GBP/USD enjoyed the initial weakness of the US dollar to rally and stalled at a high level of resistance, 1.3615. And as the dollar recovered, cable retreated but never went too low. There are reasons for the pound to go lower, but it currently ignores them. Will Sterling fall with a delay? Or was it […]
Equities Break Out To Open New Year
Speculators significantly increased exposure to Nasdaq 100 and S&P 500 futures, according to the latest Commitment of Traders (COT) report. Equity markets, meanwhile continue to ignore overbought warning signs, breaking out to fresh record highs to open the new year. Elsewhere, the EUR/USD nears yearly highs as speculation reaches yet again another bullish extreme, and […]
Kohl’s The Latest Retailer To Post Holiday Season Comp Sales Increase
Shares of Kohl’s (KSS) got a boost in morning trading after the retailer said its sales for the holiday period were up almost 7% year-over-year. The company also raised its earnings guidance for fiscal 2017. Holiday sales results Kohl’s on Monday said that its total and comparable sales for the November and December combined period […]
Two Of Apple’s Largest Shareholders Urge Company To Address “iPhone Addiction” Among Kids
In an unusual move, two of Apple’s largest shareholders, Jana Partners, a large activist hedge fund, and the California State Teachers’ Retirement System (CalSTRS) penned a letter to the company over the weekend saying the smartphone maker needs to respond to what some see as a growing public-health crisis of youth phone addiction. Among other things, the […]
