Author Archive: Jeremy Parkinson
Morning Call For Thursday, Nov. 30
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 +0.26%) this morning are up +0.32% on strength in energy stocks with Jan WTI crude oil (CLF18 +0.98%) up +0.92% after all OPEC members and Russia agreed that crude production cuts should be extended until the end of 2018. European stocks are up +0.53% and found support […]
OPEC: Now What?
Despite some made up drama that some people like to make up for these OPEC meetings, the reality is that OPEC and Non-Opec will extend production cuts until the end of the year. OPEC is on track to achieve the goal of totally erasing the global overhang of oil despite doubts from many and may […]
EC The Mean Reverting History Of Profit Growth
As the markets push once again into record territory the question of valuations becomes ever more important. While valuations are a poor timing tool in the short term for investors, in the long run, valuation levels have everything to do with future returns. Yesterday, Doug Kass penned an interesting note on the current market advance: […]
OPEC Agrees To Extend Oil Supply Cuts Until End Of 2018: Bloomberg
With OPEC delegates sequestered in a Vienna conference room, as they negotiate the proposed 6-9 month production cut extension, at least one appears to be leaking the decision process to media outlets, because moments ago Bloomberg reported that OPEC ministers have agreed to extend their production cuts until the end of 2018 – agreeing with […]
AUD/USD Stabilizing Amid Positive Australian, Chinese Data
The Australian dollar was being carried down by the strength of the US dollar. The greenback enjoyed an upgrade to GDP, hopes for an approval on a tax cut, and also a relatively positive speech from Janet Yellen. Fortunately for the Aussie, it had some better-than-expected data of its own. Here are the key figures to watch […]
Euro-Area Inflation Rises Less Than Expected; Unemployment At 8-Year Low
Prices in the Euro-area remains below expectation in November, even though the economy has managed to sustain growth in recent times. It is yet to substantially pressure prices. The flash consumer price index which measures inflation climbed from 1.4 percent in October to 1.5 percent in November, according to European Union Statistics office. This was lower […]
Above The 40 – Bullish Divergence Powers Through A Wicked Rotation
AT40 = 59.8% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.1% of stocks are trading above their respective 200DMAsVIX = 10.7Short-term Trading Call: cautiously bullish Commentary “Time is ticking away for the bears and sellers as the period between Thanksgiving and Christmas is typically a very mild, even bullish, period for the stock […]
US Dollar Comes Back Bid, But Brexit Hopes Underpin Sterling
The US dollar is broadly firmer. The rise in US yields yesterday has seen the greenback extend its recovery against the yen. It briefly pushed through JPY112.40, after dipping below JPY111.00 at the start of the week, for the first time since mid-September. Since the end of last week, been capped at the 200-day moving average […]
BTC/USD Forex Signal – Thursday, Nov. 30
Yesterday’s signals were not triggered, as although there was bullish price action at $9362.32, the entry would not have been before 5pm New York time. Today’s BTC/USD Signals Risk 1.00% per trade. Trades must be taken before 5pm New York time today only. Long Trades Go long after a bullish price action reversal on the H1 […]
How Much Credit Does Trump Deserve For Economic Growth?
US economic growth was revised up to a 3.3% pace in yesterday second GDP estimate for the third quarter – the strongest quarterly rise in three years. Fourth-quarter estimates look upbeat too, holding out the possibility that output will rise by 3%-plus for three quarters in a row. If the Q4 prediction is correct, the US will post its […]
