Author Archive: Jeremy Parkinson
Fed Chair Discounts Recession Forecast By Yield Curve
Federal Reserve Chairman Jerome Powell, at his first press conference as the head of the central bank, announced a hike in interest rates. Tighter monetary policy was widely expected. What was surprising was Powell’s comments on the value of the Treasury yield curve as a tool for predicting the next US recession. Responding to the […]
Last-Minute Deductions That Could Lower Your 2017 Tax Bill
As you work on finalizing your 2017 federal income tax return, you may be searching for some last-minute deductions to help reduce your tax liability. Here are a few places to consider: Taxes You Paid You can deduct most taxes you paid last year on your 2017 income tax return. The main exceptions are federal […]
When Is Three Better For Gold Than Four?
His hand didn’t shake. Powell hiked interest rates at the first FOMC meeting with him as the Chair. But the key factor for the gold market is what he signaled about the future path of the federal funds rate. The crucial word is “three”, not “four”. Another Meeting, Another Hike In line with expectations, the FOMC acknowledged […]
Facebook’s Data Issues
(Video length 00:17:07) Shelly Palmer speaks with Zain Asher about Facebook’s data issues, Mark Zuckerberg’s post accepting responsibility and committing to fixing the problem and the EU’s new proposal to tax Google and Facebook over $6.4 Billion. Original Airdate: March 21, 2018, CNN – Quest Means Business
USD/CHF Price Outlook: Risk Of Larger Correction If This Level Breaks
The Swiss Franc has been under pressure since early February with USD/CHF climbing to two-month highs ahead of yesterday’s FOMC interest rate decision. The subsequent reversal has broken below the weekly opening-range lows and we’re looking for a break of near-term uptrend support to suggest that a more significant exhaustion high may be in place. USD/CHF DAILY PRICE CHART […]
The World’s Most Misunderstood Investment – Part 1
Annuity. Say the word and watch facial expressions. They range from fear, disgust, confusion. Billionaire money manager and financial pitchman Ken Fisher appears as the senior version of Eddie Munster in television ads for his firm. He stares. Deep eyes ablaze with intensity. The tight camera shot. A dramatic pause, then solemnly he delivers the […]
Lowe’s: Can This Dividend King Maintain Its Huge Success?
The Dividend Kings consist of many different types of companies, many of them operating in the non-cyclical consumer staples industry. There aren’t many retailers who have raised their dividend for more than 50 years in a row, but Lowe’s Companies (LOW) has managed to do just that The home improvement store operator has produced outstanding […]
E Nike’s Whisper Number Showing Confidence
Nike (NKE) is expected to report earnings today after market close. The whisper number is $0.62, nine cents ahead of the analysts’ estimates and showing strong confidence from the WhisperNumber community. A year ago the company reported earnings of $0.68. Nike has a 78% positive surprise history (having topped the whisper in 49 of the […]
Blaming The Fed For Weaker Greenback
Although the Federal Reserve raised interest rates yesterday, the forecast for two more hikes this year (instead of three) disappointed market participants who turned their backs on the U.S. dollar, triggering quite sharp selloff. But did anything really change in the technical picture of the greenback? Before we analyze our currency pairs, let’s check what […]
There Is A Reason Why EUR/USD Stopped At This Point — Confluence Detector
The Technical Confluences Indicator shows that the recent rise of the EUR/USD sends it to a price were several technical barriers converge around $1.2330, making it a strong line of resistance. The area is the meeting place of the Fibo 23.6% 1d, SMA50-4h, SMA50-1d, SMA200-1h, SMA 5-1hv, SMA10-1d, BB 15m-Middle-Stdv and more. A break above this line opens […]
