Author Archive: Jeremy Parkinson
US Dollar May Fall As Yen Gains If Senate Tax Plan Underwhelms
The Yen narrowly outperformed in otherwise quiet Asia Pacific trade as Japanese stocks declined, offering a lift to the perennially anti-risk currency. The benchmark Nikkei 225 stock index pulled back after closing at the strongest level since 1992 on Tuesday. The US Dollar corrected gently lower against the G10 FX majors following yesterday’s broad-based recovery. From here, the absence of anything particularly […]
What Does The Proposed Tax Plan Mean For You?
The House released an outline of a plan to make major changes to the current tax code last week – a move that is now making headline after headline as the plan heads through Congress and the president is prioritizing tax reform as a major part of his agenda. So what is the plan as […]
Oil Prices Struggle As Traders Eye OPEC Meeting
Oil prices were broadly lower during Wednesday’s Asian session on reports that Chinese crude imports fell to their lowest levels in a year. China’s October oil imports fell to 7.3 million barrels per day in October, down from a near record high of approximately 99 million barrels per day in September, the country’s General Administration of […]
Copper Traders Place Huge Way-Out-Of-The-Money Calls That Price Will Rise 50% In 2018
Traders have spent about $4.5 million on call options wagering on copper climbing above $10,000 a metric ton by December 2018. That would be a rally of 46%. But to make a profit, held to completion, the price needs to rise even more. Please consider High-Flying Bets on Copper. The frenzy in the copper market is […]
USD/JPY Builds Key Triangle Pattern At Decision Zone
USD/JPY 4 hour The USD/JPY failed again to break above the 114.50-115 resistance zone, which is a major break or bounce spot. A rising wedge reversal chart pattern is still present (blue/orange lines) and includes a divergence pattern between the tops (purple line). A break below support could indicate a larger bearish move whereas an […]
Everybody’s Doing It
DOW + 8 = 23,557 (Record) SPX – 0.49 = 2590 NAS – 18 = 6767 RUT – 18 = 1479 10 Y – .01 = 2.31% OIL – .41 = 56.94 GOLD – 6.70 = 1275.80 Cryptocurrency Number of Currencies: 902 Total Market Cap: $201,041,381,484 24H Volume: $5,222,370,086 Top Cryptocurrencies Name Symbol Price […]
E Is The Medical Technology Market Due A Leg Up?
The biotech industry is still one of the most progressive areas to invest in for those looking for opportunities in the healthcare sector. Companies continue to rival each other in coming up with the best treatments and vaccines. Research in the pharmaceuticals market will continue for eons because, after every question that is answered in […]
Everything Now On Slack
The whole thing really does unravel at the unemployment rate. If it indicates the correct view of the economy, even close to “full employment”, then what follows is fairly typical and orthodox stuff. In the context of what the Fed is doing, short-term rate hikes are leading the longer end of the yield curve toward […]
Dividends By The Numbers In October 2017
October 2017 was a good month for dividend-paying stocks in the U.S. stock market, although still with some cause for concern. The following chart shows the number of U.S. firms that have taken action to either increase or decrease their dividends in each month from January 2004 through October 2017. Let’s run through the numbers for October […]
USD Under Some Pressure Amid Tax Delay Talk
The US dollar enjoyed signs of progress on enacting a massive tax reform. The suggested changes include changes to income taxes, estate taxes, and corporate taxes. The massive reforms could boost the US economy, at least in the short run. But now, there are reports about a delay in the corporate tax cut. The Washington […]
