Author Archive: Jeremy Parkinson
Junk Bond Myths
What are high yield bonds? I don’t mean the textbook definition (corporate bonds with a credit rating below BBB), but how they actually behave in terms of risk and return. In attempting to answer this question, let’s address some common myths surrounding the asset class affectionately known as “junk bonds.” Myth #1: High Yield Bonds […]
Barclays Ups Blue Apron With ‘Stabilization’ Seen In Reach
Shares of Blue Apron (APRN) got a boost in morning trading after shares were upgraded by an analyst at Barclays, highlighting the promotion of Brad Dickerson to the meal-kit delivery company’s chief executive officer as a positive. The upgrade comes after shares were downgraded last week at RBC Capital, which cited the management change as […]
October 2017 Manufacturing New Orders Marginally Decline
US Census says manufacturing new orders marginally declined. Out analysis agrees – but the rolling averages were unchanged. Analyst Opinion of Census Manufacturing Sales According to the seasonally adjusted data, it was civilian aircraft / ships and boats that caused the decline. The data in this series is noisy so I would rely on the […]
No Brexit Deal Today – GBP/USD Crashes To Support
EC President Jean-Claude Juncker said that it is impossible to reach a deal today. However, big progress has been made and negotiations will continue. He is still optimistic about getting an agreement before the EU Summit on December 14-15th. Also UK PM May says that more consultation is needed. The pound dropped sharply and then […]
Interest In Bitcoin Is Exploding Alongside Prices – 10 Examples
The price of bitcoin topped $10K last week. It then broke above $11K only to crash some $3000 before rising once again. On the way, some of the exchanges were overwhelmed and their websites crashed. The interest in bitcoin and other cryptocurrencies goes well beyond the chatter and the high prices. Brokers are offering cryptos and new initiatives are […]
US Factory Orders Slide In October
Following the dismally weak preliminary durable goods orders drop (-1.2% MoM) as aircraft orders tumbled, October Factory Orders declined but were better-than-expected (-0.1% vs -0.4% exp) after an upwardly revised September (up from +1.4% to +1.7% MoM). Overall Durable Goods orders werre also revised higher from their preliminary prints. Most notably, core capital goods orders were revised from a 0.5% MoM slump […]
GBP/USD RSI Flirts With Overbought Territory- Opening Range In Focus
The British Pound remains bid coming into the first full week of December, and GBP/USD may continue to exhibit a bullish behavior over the coming days as the U.K. and European Union (EU) inch towards a Brexit agreement. Market participants are likely to pay close attention to the headlines coming out of the U.K. as Prime Minister Theresa […]
Billion Dollar Unicorns: Rong360 Goes Public On NYSE As Jianpu
Photo Credit: bfishadow/Flickr.com In the second half of the year, there has been a flurry of Chinese FinTech companies going public in the US. Jianpu Technology, a wholly owned subsidiary of Billion Dollar Unicorn Rong360 is the latest to list on the NYSE under the ticker JT. Jianpu’s Journey Beijing-based Jianpu Technology Inc. offers an independent, open, 360-degree […]
AUDUSD Daily Analysis – Monday, Dec. 4
AUDUSD broke above the top trend line of the price channel on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 0.7897 is underway. Range trading between 0.7532 and 0.7644 would likely be seen in a couple of days. As long as 0.7644 resistance holds, the downtrend could be expected to resume, and […]
Emerging Markets: Preview Of The Week Ahead – Monday, Dec. 4
(from my colleague Dr. Win Thin) EM FX ended the week on a mixed note. US jobs data may refocus market attention on Fed tightening. Most EM inflation readings this week are expected to show easing price pressures, supporting a dovish EM central bank outlook. The major exceptions are Mexico and Turkey, whose central banks […]
