Author Archive: Jeremy Parkinson
Retail Industry Index Providing The Next Long
The S&P Retail Industry Index comprises stocks in the S&P Total Market Index that are classified in the GICS retail sub-industry. For this article we’ll be using The SPDR S&P Retail ETF (XRT) which tracks an equal-weighted index of stocks in the US retail industry and correspond generally to the total return performance of the S&P Retail Select Industry Index. The performance of XRT […]
E Is USA Low Capacity Utilization Low Enough To Prevent Recession?
Low capacity utilization and weak labor are with us in full force. Capacity utilization still runs below the fifty year average of 80.31 percent in the United States: https://tradingeconomics.com/united-states/capacity-utilization As an economic indicator: Running above an 80-85 percent capacity utilization rate can signal high demand for the products being produced and that capacity is about […]
A Must Read Ripple Price Prediction
Ripple’s price was in a sideways movement for most of 2017. Even with such an indecisive Ripple price action, our research team spotted bullish indicators leading us to maintain a positive stance on Ripple price for 2018. This article will go over the fundamental reasons as well as Ripple’s chart setup to illustrate our point. In sum, our Ripple price […]
Forex Forecast: Pairs In Focus – Nov. 26
Last week, I saw the best possible trades for the coming week as long GBP/USD, short AUD/USD, and long of Crude Oil in U.S. Dollar terms. The individual results were mixed, but the overall result was extremely positive, as the GBP/USD currency pair rose by 0.94%, the AUD/USD currency pair rose by 0.62%, and Crude […]
Dollar Falls Out Of Favor Again
The US dollar moved higher in September and October after falling broadly since late April when it became clear that populist-nationalist forces would not sweep across Europe, as many had feared in the aftermath of the Brexit referendum and Trump’s unexpected victory in the US. It has fallen out fallen out of favor again. This month, […]
EUR/USD Looks To Extend Its Upside Pressure
The EUR/USD pair remains biased to the upside leaving risk of more strength in the new week. Resistance comes in at 1.1950 level with a cut through here opening the door for more upside towards the 1.2000 level. Further up, resistance lies at the 1.2050 level where a break will expose the 1.2100 level. Conversely, support […]
Oil And Gas Output To Reach Records Next Year
Seasonal patterns can be interesting when there’s some plausible substance driving the relationship. For several years we’ve noted the persistence of November to be weak, with the best returns occurring early in the calendar year (see Why MLPs Make a Great Christmas Present). The predominance of individual investors (rather than institutions) in the sector accounts for […]
AUD/USD Forecast Nov. 27 – Dec. 1
The Australian dollar struggled to recover and the RBA did not help too much. The main event for the upcoming week is the capital expenditure report. Will the Aussie bounce? Here are the highlights of the week and an updated technical analysis for AUD/USD. The RBA meeting minutes were somewhat dovish and sent the Aussie to lower ground. […]
Bonanza: Bitcoin Hits $9,200, Up 200% Since Jamie Dimon ‘Fraud’ Call
There have been many positive developments during the last five months and a few of the obstacles that were in Bitcoin’s way have been knocked down. An argument can be made that the good news is still not fully reflected in the current price. That’s what Ronnie Moas, founder of Standpoint Research, said in a note […]
