Author Archive: Jeremy Parkinson
NOK Expected To Strengthen As Preparation For A Norges Bank Rate Hike Begins
The Norwegian central bank held its monetary policy meeting last week. As expected, interest rates were left unchanged at 0.50%. The central bank, however, lifted the rate path which was in line with market expectations. “The outlook for the Norwegian economy suggests that it will soon be appropriate to raise the key policy rate,” the central […]
Nightmare In Japan As Stocks Collapse Amid Yen Surge
It was a black day for equities in Asia and Japan was hit especially hard. By the time it was over, the Nikkei was lower by 4.5% and at one point, it was down the most since the U.S. election. Needless to say, the surging yen didn’t help matters as the risk-off sentiment drove USDJPY beyond […]
What Fed Chair Powell Forgot To Mention
What are the chances of Federal Reserve Chairman Jerome Powell being wrong? The chances he’ll be wrong on the economy’s growth prospects, the direction of the federal funds rate, and inflation itself? Our guess is his chances of being wrong are quite high. What you see, unfolding before your very eyes, is a great exercise […]
S&P 500 And Nasdaq 100 Forecast – Friday, March 23
S&P 500 The S&P 500 fell significantly during the trading session on Thursday, as fears of a trade war between the United States and China start to escalate. With the US ready to sign tariffs, it’s likely that the Chinese will retaliate, and that, of course, could be bad for economic growth in both directions. […]
Consequences Of Replacing The Gold Standard With The Phd Standard
In 2011, Jim Grant chastised the Fed about replacing the Gold Standard with the PhD Standard. Our “reward” is coming up. Here is the pertinent video clip of James Grant. Video Length: 00:04:49 “The 2007-2009 real estate debacle is the monetary equivalent of a chain reaction on a foggy California freeway. The trouble with our […]
Financial Cavalry: Banque De France Owns Nearly 20% Of Public Debt
For a long time (from the ‘90s to the mid-2010s) two-thirds of France’s public debt was held by “non-residents” – i.e. foreign investors – which represented a risk in case of mistrust (possibility of massive sales or crises). But things are starting to change: In 2014, 63.9% of the public debt ¹ was held by those […]
Iron Ore Prices Top Out And Help Test Support For RIO And BHP
At the beginning of February, I refreshed my idea to play a top in iron ore with a pairs trade going long Rio Tinto (RIO) and short BHP Billiton (BHP). The timing was fortuitous given it was right before a large sell-off in the stock market. I ended up profitably fading rallies in BHP two more times. […]
Sensex Trades In The Red; Metals Sector Leads Losses
After opening the day in the red, share markets in India have continued the downtrend and are presently trading below the dotted line. Sectoral indices are trading mixed with stocks in the metals sector and stocks in the realty sector trading in red. While stocks in the IT sector are trading in green. The BSE Sensex is down by 450 points (down 1.4%) and the NSE […]
4 Reasons Why USD/JPY Fell Below 105
The USD/JPY fell below the closely-watched ¥105.00 level and trades at the lowest since November 2016. Worries about trade dominate, but they are not alone in pushing the pair lower. The technical picture is bearish but the pair may be stretched. Four reasons for the collapse of the USD/JPY 1) US-Chinese trade issues: The Trump Administration […]
WTI Bullish Zig-Zag Is Progressive
Source: Admiral Markets MT5 with MT5SE Add-on The WTI is still in a strong uptrend. The price behaved exactly as planned as you could have read in my previous WTI analysis. Today it’s Friday and we might see some profit taking. Pay attention to a blue trend line break for a retracement down to POC. The POC 65.85-90 could […]
