Author Archive: Jeremy Parkinson
EURUSD: Wide-Ranged Flat On The Hourly Timeframe
Previous: On Thursday the 22nd of March, trading on the euro closed down. The rate dropped to 1.2285 during the European session. The single currency was pushed down by a multitude of factors, including a drop in German bond yields, the EURGBP cross, and weak German and Eurozone data. From its session low of 1.2285, the […]
Gold And Crude Oil Prices Buoyed By McMaster, Bolton Switch
Crude oil prices fell following Wednesday’s Fed-linked rally after the Trump administration slapped China with punitive tariffs, triggering broad-based risk aversion (as expected).The S&P 500 stock index – a benchmark for broad-based market sentiment – suffered the largest drop in nearly two months. Gold prices also retreated as the dour mood stoked haven demand for the US Dollar, undermining anti-fiat alternatives. The move lower […]
USD/JPY Breaks Key Support And Develops Bearish Wave 3
USD/JPY 4 hour The USD/JPY broke below the support line (dotted blue), which invalidated the previous wave count and indicates a potential downtrend. Price seems to have built an ABC (green) in a larger wave 4 (blue) and could be in an impulsive breakout. 1 hour The USD/JPY could be building a wave 3 (green) […]
Stocks For The Long Run But Not The Short
The first part of the title of this Macro Letter is borrowed from an excellent book originally written in 1994. Among several observations made by the author, Jeremy Siegel, was the idea that stocks would at least keep pace with GDP growth or even exceed it at the national level. The data, which went back […]
Are You Ready For Retirement?
You might have an iron-clad trading plan and log your every move. Can you say the same about how you track the rest of your money? Video Length: 00:42:43
Some Thoughts On The Art Of (Trade) War
The general who wins the battle makes many calculations in his temple before the battle is fought. The general who loses makes but few calculations beforehand. — Sun Tzu Guess which sentence applies to which side in the incipient struggle? So, here are a couple of graphs of data, on the US-China bilateral trade balance. […]
Stocks To Trade: NEE, NTNX, TRN
Friday’s stock picks: Long NextEra Energy (NEE) Long Nutanix (NTNX) Short Trinity Industries (TRN)
Gold Turns Higher
Gold prices fell $3.13 an ounce on Thursday as investors took profits from a rally spurred by a less hawkish than expected Federal Reserve and concerns over a brewing trade war with China. XAU/USD traded as low as $1324.66 but the anticipated support at the top of the 4-hourly Ichimoku cloud kicked in and pushed […]
Of Upcoming IPO Of Lemon Tree Hotels
Upcoming IPO of Lemon Tree Hotels Ltd A slew of initial public offers (IPOs) are hitting the Indian market in this month. One of the latest in the offering is Lemon Tree Hotels Ltd. The issue is opening on 26th March 2018. Recently, there has been a lot of buzz around tourism. This has led […]
4 ETFs To Join The Sustainable Investing Trend
The markets have been extremely volatile lately owing to a multitude of factors including rate hikes fears and risks of a potential trade war. One particular segment of the market, which has been attracting investor attention over the last few years, is the socially responsible investing segment. These ETFs allow you to invest in line […]
