Author Archive: Jeremy Parkinson
The Gold Market In 2017
So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to be a dull period for the yellow metal, as it was traded within a narrow range of $1,200-$1,300 for most […]
Nasdaq Elliott Wave Analysis: Ending Impulsive Move
Short Term Nasdaq Elliott Wave view suggests that the rally from 12/5 low unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X ended at 6383.25. This week, the Index made a new high above Minor wave W at 6545.75, suggesting the next leg higher has started. Internal of Minor wave W unfolded […]
Bitcoin Surges Back Above $16,000 In Abrupt Early Morning Move
Bitcoin is on the move on Friday morning, and not a moment too soon for the bulls. It’s been something of an inauspicious start to 2018 for the king of the cryptocurrency universe. Sure, there was the Peter Thiel news, but aside from that, the limelight has belonged to Ripple, whose co-founder Chris Larsen catapulted ahead of Google founders Larry Page […]
Euro-Area Inflation Slows To 1.4% In December
Growing economic activities in the Euro-area failed once again to boost weak consumer prices in December. The Euro-area annual inflation rate is expected to slow slightly in the last month of 2017 to 1.4 percent, down from 1.5 percent in November, the Eurostat, the statistical office of the European Union said on Friday. According to the […]
Biotech ETFs Vs Active Funds: Fidelity Biotech Fund Outperforms The IBB
Fidelity Biotech Portfolio (FBIOX) Is Beginning to Show Benefits of Active Management The IBB performance is trailing both FBT and XBI. The XBI outperformed in 2017. Current bull market in biotech intact since July 2016. Biotech ETFs have outperformed the S&P last year despite recent weakness but the IBB is barely keeping pace recently. During […]
EC HH EM Vs DM Macro And Markets
With the December round of PMI data just released, it’s a good time to take a look at some of the key macro and market metrics for developed vs emerging economies. Aside from the timeliness aspect, there are some very interesting trends underway across both EM and DM, and particularly on the relativities. Before getting into […]
Gold Prices Rise As Dollar Weakness Continues
Gold prices ended Thursday’s session up $9.34 an ounce, helped by the weakness in the dollar. XAU/USD initially fell yesterday but bounced up nicely from the anticipated support level at $1305, the confluence of a horizontal support and the bottom of the hourly cloud. The market climbed back above the $1317-$1316 area and ultimately reached […]
Eurozone Inflation At 1.4% As Expected, Core Stuck At 0.9%
Euro-zone CPI stands at 1.4% y/y as expected. Core CPI is at 0.9%, lower than 1% expected. The weak core numbers are a headache for the ECB. PPI beat with 0.6%, but it isn’t that important. This is the first release of inflation data, but the final data usually doesn’t deviate from the initial publication. […]
Bitcoin Futures Buyers Move Back In
As volume begins to build on the CBOE futures contract following the holiday period, it was the buyers who stepped in yesterday to help drive Bitcoin back over the $15,000 level, with the $15,500 level now fast approaching. For much of Wednesday, Bitcoin futures oscillated around the VPOC, and denoted with the yellow dashed line, […]
Big Difference Between Wanting To And Having To
According to the Federal Reserve, US consumers in October added a large $8.3 billion (SA) to their credit card balances. That was the third largest monthly increase since 2007. For some, that’s an indication of risk-taking and therefore recovery-like behavior on the part of American consumers. Given that it’s been this way for some time, […]
