Author Archive: Jeremy Parkinson
Sensex Opens Flat; Coal India Plunges 3.3% On Weak Q2 Result
Asian stock markets are higher in morning trade as shares in China and Hong Kong shares show gains. The Hang Seng is up 0.23% while the Shanghai Composite is trading up by 0.3%. The Nikkei 225 is down 0.62%. Over the weekend, US markets closed lower. Meanwhile, Indian share markets opened the day on a flat note. BSE Sensex is trading lower by 14 […]
EUR/USD: 4 Reasons Why The USD Is Not Stronger? What’s Next? – BofAML
EUR-USD is trading around 1.1640, sticking to the well known ranges and not going anywhere fast. However, there may be room to the downside. Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research discusses the USD outlook, outlining some key reasons on why the greenback is not trading at stronger […]
Weekly Gold Forecast – Monday, Nov. 13
Gold snapped a three-week losing streak as a softer dollar and falling stocks prompted investors to seek safer assets. The precious metal benefited from a drop in the U.S. dollar index, hitting a near three-week high on Thursday, but gave up a portion of its gain on Friday. The market’s failure to break through the […]
US Dollar Finds Haven Bid, Politics Sink Pound And NZ Dollar
The US Dollar returned to the offensive in Asia Pacific trade, rising alongside 10-year Treasury bonds while most regional stock exchanges slumped. The MSCI Asia Pacific equities benchmark shed 0.4 percent in a move that seemed to echo Friday’s drop on Wall Street. That move reportedly reflecting ebbing confidence in US lawmakers’ ability to deliver on corporate […]
Pound Sterling Declines As Forty Tory MPs Say No To May
The UK pound declined on Monday following a report that forty Tory MPs are planning to sign a letter of no confidence in Prime Minister Theresa May. The report increased the uncertainty surrounding ongoing Brexit talks as European Union representatives are already threatening to block trade talks until the U.K agrees to pay the Brexit divorce […]
EUR/USD Daily Analysis – Monday, November 13
EUR/USD continued its sideways movement in a trading range between 1.1554 and 1.1690, and is now facing 1.1690 resistance. As long as this level holds, the price action in the range could be treated as consolidation of the downtrend from 1.1879 and another fall could be expected after the consolidation. Near term support is at […]
Week Ahead Data And Policy
There seems to be a broad consensus on the trajectory of policy in the remaining weeks of the year. Barring a major shock or surprise the Federal Reserve will hike rates next month. The ECB’s course is set until at least the middle of next year when the current policy will begin to be debated in […]
EUR/USD Tests Fibonacci Resistance Levels Of Wave-4 Pattern
EUR/USD 4 hour EUR/USD is in a wave 4 (blue) bullish retracement within a larger downtrend and therefore the Fibonacci levels of wave 4 (blue) could act as resistance. A break below the support trend line (blue) could indicate a potential bearish breakout within wave 5 (blue) of wave C (purple). 1 hour The EUR/USD […]
Euro Proving Resilient, May Continue To Ignore Economic Calendar
Fundamental Forecast for EUR/USD: Neutral – The Euro was among the top performers last week, as a lack of negativity surrounding the single currency gave it ample room to recover versus others dealing with simmering issues (Brexit, US tax reform). – Positioning data for the week ending November 7 was not released last Friday; will be released on […]
Russia Stock Market Forecast For 2018
Very often, when the abbreviation BRIC is used referring to the potential of emerging markets, Russia seems to be left out when compared to China and India. Hence, in this article, we will focus on its major stock market index: the MICEX. Based on chart analysis of the MICEX we will derive a Russia stock market […]
