Author Archive: Jeremy Parkinson
The Hidden Political Risks In The Australian Dollar
For Australian dollar speculators, assessments of political risk are usually limited to developments within the country. Last month, the stability of the ruling government was called into question after the deputy prime minister and four senators were disqualified from holding office due to maintaining dual citizenship. Following Deputy Prime Minister Barnaby Joyce’s disqualification, the government […]
The Saudi Solution
Risks of war may be on the rise after Saudi Arabia told all its citizens not to travel to Lebanon and urged those that are in the country to leave as soon as possible. The tensions are rising after the Lebanese Prime Minister Saad Hariri resigned in Saudi Arabia but is now currently missing and […]
Bitcoin Cash Spikes To Record High As Bitcoin Collapses Over $1000
Following the surge in Bitcoin’s USD price after the suspension of the SegWit2x hard fork, the cryptocurrency has collapsed as traders exit ‘fork dividend’ trades. Dennis Gartman had a few words of praise for the bulls right before the collapse… Well “bully” for Those Who’d Gotten It Right: Our “position” on Bitcoin and the other cryptos is clear: […]
Rail Week Ending November 4, 2017: Headline View In Contraction
Week 44 of 2017 shows same week total rail traffic (from same week one year ago) contracted according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion but growth slowed. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are […]
JC Penney Posts Smaller-Than-Expected Quarterly Loss
The “Squawk Box” news team discusses JC Penney’s quarterly earnings.
US Dollar To Stay Focused On Tax Reform As Key Driver
In what proved to be a very revealing day yesterday, the US Dollar fell back as early details on the Republican tax plan proved to be disappointing to investors. With the Senate set to take up debate after the Thanksgiving holiday, the timeline has already been pushed back once; and with news that the corporate […]
Weekend Reading: It’s The Debt, Stupid
As I noted last Friday, the recently approved budget was an anathema to any fiscally conservative policy. As the Committee for a Responsible Federal Budget stated: “Republicans in Congress laid out two visions in two budgets for our fiscal future, and today, they choose the path of gimmicks, debt, and absolutely zero fiscal restraint over the one […]
Gold Coins And Bars Saw Demand Rise 17% To 222T In Q3
– Gold coins and bars saw demand rise 17% to 222t in Q3, driven largely by China – Chinese investors bought price dips, notching up fourth consecutive quarter of growth – Jewellery, ETF demand fell while gold coins and bars saw increased demand – Central banks bought a robust 111t of gold bullion bars (+25% y-o-y) […]
Morning Call For Friday, November 10
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.38%) this morning are down -0.38% on pessimism U.S. legislators will be able to pass tax reform legislation after the Senate revealed Thursday that its tax plan would delay corporate tax cuts until 2019. The U.S. stock market has rallied sharply this year on expectations meaningful tax cuts would be […]
Weyerhaeuser Hikes Quarterly Dividend Rate By 3.2%
Weyerhaeuser Company (WY – Free Report) yesterday announced a 3.2% increase in its quarterly dividend rate. Notably, the news came in shortly after the company’s third-quarter 2017 earnings release on Oct 27. Such disbursements reflect the company’s strong cash position and its commitment toward rewarding its shareholders handsomely. In the long run, it aims to achieve dividend payout […]
