Author Archive: Jeremy Parkinson
DXY Index Trades Sideways Into March FOMC Meeting – What To Expect
Ahead of the March FOMC meeting concluding later today, Fed funds futures are pricing in a 100% chance of a rate hike – just as they have since the start of 2018. As has been the case when front month odds are at 100%, the direction of the US Dollar is not contingent on the Fed raising […]
Bring An Umbrella: Here’s How To Hedge 3 Near-Term Risks
There’s something tautological about maintaining a “pro-risk asset allocation” until “risks” to that view materialize. I mean, that’s kinda like saying “I’m maintaining my sunny day outlook until clouds start to show up.” That said, I guess it’s reasonable to remain some semblance of optimistic on risk assets in general and equities specifically given that […]
Stock Charts Today – Wednesday, March 21
I perform technical analysis using candlestick charting. Indicators used are the relative strength indicator as well as the stochastic. I am very bullish on the gold stocks and very bearish on the US Dollar.
Indian Indices End Marginally Higher; Telecom Stocks Witness Buying Interest
After opening their day on a positive note, Indian share markets gave up some of their earlier gains and ended their session marginally higher. Gains were largely seen in the telecom sector and realty sector, while healthcare stocks and metal stocks ended the day lower. At the closing bell, the BSE Sensex stood higher by 139 points (up 0.4%) and the NSE Nifty closed higher by 31 points […]
Considering Skewness Of Returns As A Risk Metric
Intech Investment Management recently published a primer on monitoring market stress by way of several risk metrics, including skewness of returns (SoR). In the grand scheme of quantifying risk, SoR is relatively obscure, but Intech makes a good case for paying more attention to this data. Applied to financial markets, skewness measures the degree of return asymmetry […]
USD Awaits Volatile Price Action With FOMC And Rate Decision
EUR/USD 4 hour The EUR/USD bearish correction continued lower and pushed below the 61.8% Fibonacci support level of wave 2 vs 1 (purple). Price might now retest deeper Fibonacci levels but a break below the bottom of wave 1 at 1.2155 invalidates wave 2. The FOMC statement and interest rate decision is expected to impact […]
Aramco Liquidity Alluding The Saudis In 2018?
An initial public offering of 5% of oil giant Saudi Aramco, is how the Saudi government had hoped to ‘get liquid’ by some $2 trillion this year. After meeting with salivating bankers in New York for months, the Wall Street Journal reported yesterday that the plan is now in flux for no small part because of concern […]
Loonie, Peso Surge On Report US Drops NAFTA Demand For Auto Imports
The Canadian Loonie and Mexican Peso jumped late on Tuesday after a report by the Globe and Mail that the U.S. government has dropped a demand that all vehicles made in Canada and Mexico for export to the United States contain at least 50% U.S. content. President Donald Trump’s administration dropped the demand during the North American […]
Central Europe As Seen By Private Equity Managers
Deloitte has recently posted the results of its survey of how private equity managers see central Europe. A very concise summary of the findings of the survey is this: the PE industry expects that it will be buying CE assets in the coming months, and that it will be borrowing money in order to do […]
Ethereum And Other Cryptos Continued Gains After Productive G-20 Discussions
Major cryptocurrencies across the board continued gaining for the second consecutive day on Tuesday after finance ministers had productive closed-door discussions about digital assets at a G-20 meeting in Argentina. Looking at their price action, cryptocurrencies such as Ethereum formed a morning star candlestick pattern following Sunday’s spinning top. ETH/USD, in particular, has bounced back […]
