Author Archive: Jeremy Parkinson
FOMC Risk Is Skewed USD Bullish; Could Trigger EUR/USD Decline Into 1.20
The Federal Reserve is set to raise interest rates and also hint of the next moves. What is priced in? What does it mean for EUR/USD? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch Research discusses the USD outlook around the FOMC meeting on Wednesday and flags upside risk for the USD. […]
Here’s What To Do With Your Facebook Shares Now
Yesterday, as stocks rebounded from Monday’s slide, Facebook Inc. (Nasdaq: FB) continued its decline; it dropped 3.92% from open to close Monday and another 4.8% by midday yesterday, all following weekend reports that a political analytics firm named Cambridge Analytica collected personalized data on 50 million users without their consent. That’s not true. The “without consent” part, that is. There […]
AUDUSD Daily Analysis – Wednesday, March 21
AUDUSD extended its downside movement from 0.7916 to as low as 0.7678. Near-term resistance is at 0.7725. As long as this level holds, the downside movement could be expected to continue and next target would be at 0.7600 area. On the upside, a breakout of 0.7725 resistance would suggest that consolidation for the downtrend is […]
Gold Prices At Risk As Range Floor Breaks Before Fed Policy Call
Gold prices fell as the US Dollar marked higher alongside front-end Treasury bond yields and the priced-in rate hike path implied in Fed Funds futures steepened. Not surprisingly, that undermined the appeal of anti-fiat and non-interest-bearing assets epitomized by the yellow metal. The move almost certainly reflects pre-positioning ahead of the upcoming FOMC monetary policy announcement. Markets seem palpably worried […]
Stronger Dollar Hurts Gold
Gold prices fell $5.82 an ounce on Tuesday, weighed down by a rise in the U.S. dollar ahead of a Federal Reserve meeting at which the central bank is expected to announce its first rate increase of 2018. While the outlook for rates is uncertain, holding above the $1308-$1305 zone suggests that the market is […]
Russia Is Hoarding Gold At The Fastest Pace In 12 Years
De-dollarization is accelerating… Russia is adding gold to its reserves at the fastest pace in 12 years …and dumping US Treasuries at the fastest pace since 2011. The Central Bank of Russia (CBR) has been increasing its holdings of gold every month since March 2015. The country is currently the sixth-largest gold owner after the United States, […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, March 21
S&P 500 The S&P 500 was very quiet on Tuesday, as we await the Federal Reserve monetary policy statement and of course the press conference afterwards. There are a lot of questions as to what the trajectory of interest rates will be, and that, of course, will have a massive influence on where stock markets […]
Watch Out Below: Dow Jones Index Next Stop… 19,000
As investors continue to believe the stock market correction is over, the next big stop for the Dow Jones Index is 19,000. When the Dow falls below 19,000, all doubt will be removed as the best investment strategy would be to sell the rallies, rather than buy the dip. However, most investors buy at the […]
ETF Vs ETN
Recently questions have been asked about the difference between exchange-traded funds (ETF) versus exchange trading notes (ETN). ETNs are structured products that are issued as a senior note whereas ETFs is a stake in the underlying equity. So an ETN is like a bond in that they are unsecured and that hold various types of […]
Indian Indices Continue Momentum; Sensex Up Over 300 Points
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the realty sector and telecom sector witnessing maximum buying interest. The BSE Sensex is trading up 310 points (up 0.9%) and the NSE Nifty is trading up 98 points (up 1%). Both – the BSE Mid Cap index is trading […]
