Author Archive: Jeremy Parkinson
Gold Prices Still At The Mercy Of US Tax Cut Prospects
Gold prices turned lower as the US Dollar mounted a recovery from the previous day’s losses, undermining the appeal of anti-fiat assets. From here, a lull in top-tier data flow keeps the focus on prospects for passing a US tax cut reform. That puts the yellow metal at the mercy of incoming headlines as investors await the release of the […]
Forex Strength And Comparison November 2017
In the Currency Strength table, the EUR was the strongest currency again while the NZD was the weakest. There were some significant changes last month with the JPY gaining 3 points, the USD 2 points and the CHF losing 2 points. The other currencies remained around the same level of last month with a maximum change in […]
Is A Dividend Cut On The Horizon For DBL?
One of the closed-end funds that seems to be a recurrent favorite on our watch list is the DoubleLine Opportunistic Credit Fund (DBL), run by Jeffrey Gundlach of DoubleLine Capital.This unique actively managed portfolio was the first of its kind to debut from DoubleLine back in 2012 and has developed a cult following among CEF investors. DBL […]
EUR/USD Daily Analysis – Wednesday, November 8
EUR/USD extended its downside movement from 1.1879 to as low as 1.1554, breaking below 1.1574 support, suggesting that the downtrend has resumed. Further decline would likely be seen in a couple of days and the next target would be in the 1.1400 area. Near term resistance is at 1.1625. Only a break above this level could […]
Saudi Purge Goes Nuclear: Over 1,200 Bank Accounts Frozen
One day after we reported that Saudi Arabia has started to freeze the accounts of the dozens of arrested royals, ministers and businessmen, in the process allowing Mohammed bin Salman to further cement control over the Kingdom, the Kingdom has taken its “money laundering” crackdown to the next level and on Tuesday, Saudi banks have frozen […]
Fed And The Dollar Drive Short-Term Pullback On Gold
In the absence of a major bullish catalyst, with interest rate expectations on the rise and stock market indices at or near record highs globally, gold has been consolidating since the intermediate high posted in early September. That high, set just after speeches by the Fed’s Mester, Dudley and George and immediately prior to the beginning of the […]
More Americans Are Buying Guns For Protection – An Investment Opportunity
Introduction Remember the outrage a few weeks back about the Las Vegas shootings? Again, calls for stricter gun controls were heard. And once again, just as what happened after other tragic US shootings, people lost interest. And quite amazingly, bump stocks — the devices that make a rifle fire like a machine gun — are […]
How Startups Differ From Mature Small Businesses
from the St Louis Fed Startups make up about one-third of U.S. small employer firms and tend to have bosses who are younger than those running a typical mature small firm, according to the 2016 Small Business Credit Survey: Report on Startup Firms. The survey, which was a collaboration of all 12 Federal Reserve banks, […]
Aussie Index Very Bullish If This Secular Breakout Materializes
It is a fact that when a bear market rages across the globe that not any stock market can hide for it. The 5th country to see the daylight according to the world clock is Australia’s stock market, and it got hit hard by the bears with the 2008 / 2009 global financial crisis when it […]
Q3 Earnings Drags Transport ETFs Lower
The transportation sector is struggling this earnings season with total earnings from 97.9% of the sector’s total market capitalization that has reported so far down 14.2% despite revenue growth of 5.1%. This is much below earnings growth of 9.6% and revenue growth of 10% for the same period, in the last reporting cycle. Earnings and revenue beat […]
