Author Archive: Jeremy Parkinson
USD/CAD Daily Analysis – Friday, October 27
USD/CAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2450. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.3000 area. Only a clear break below the trend line support could signal completion of the […]
UK GDP Data Cements Expectations Of November Rate Hike
The Bank of England governor, Mark Carney in a speech last week cautioned that inflation in the UK would rise above 3% in the few months. The comments came after earlier in the week, official data showed that consumer prices in the UK rose 3% in the month of September on an annual basis. This […]
Fintrax Group To Acquire Planet Payment
GALWAY, Ireland and LONG BEACH, N.Y., Oct. 26, 2017 (GLOBE NEWSWIRE) — Fintrax Group, a leader in multi-currency digital payment processing for tourists, and Planet Payment, Inc. (NASDAQ: PLPM), a leading provider of international and multi-currency processing services, today announced that they have entered into a definitive agreement under which Fintrax will acquire Planet Payment for […]
Gilead Q3 Earnings And Revenues Sink
Gilead Sciences, Inc. (GILD – Free Report) just released its third-quarter 2017 financial results, posting earnings of $2.06 per share and revenues of $6.51 billion. Currently, GILD is a Zacks Rank #3 (Hold) and is down over 2.40% to $76 per share in after-hours trading shortly after its earnings report was released. GILD: Missed earnings estimates. The […]
The Euro Fell After The Decision Of The ECB
During yesterday’s trading, the US dollar appreciated significantly in relation to the majors. The dollar index (#DX) increased by more than 1%. Support was provided by the growth of the US government bond yield and rumors about the new Fed’s chairman. At the moment, the main candidates for the post of the new Central Bank […]
Indian Indices Trade Marginally Higher, Healthcare Stocks Witness Buying
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the healthcare sector and auto sector witnessing maximum buying interest. Telecom stocks are trading in the red. The BSE Sensex is trading up 94 points (up 0.3%) and the NSE Nifty is trading up 3 points (up 0.05%). The BSE Mid Cap index is trading up by 0.6%, […]
Market Artistry: Making Something Hard Look Soft
As you can tell, I am a big fan of Tom Joyce’s work! Volatility poked its head out for one day, only to return to complacency. Yet, is that the end of volatility’s King for a Day? Artistry, as mastered by Mr. Joyce, is when you can sculpt steel into what looks like soft […]
E Market Briefing For Friday, Oct. 27
Synergies matter in so many ways. Whether it’s politicians putting aside, at least for the moment, their differences to narrowly pass a far larger and a bit distasteful larger debt-encumbering Budget, which however better clears the path toward passage of a tax-reform BIll; or whether it’s two ‘colleagues’ in an advanced technology area that ‘may’ […]
In Fed We Trust
At this point, does anyone believe the Fed is willing to do anything that might really spook markets? During the 1990s, back in the days of “Maestro” Alan Greenspan, it was widely believed that investors should pay careful attention to every word uttered by Fed chairment for clues as to where Fed policy was headed […]
The Straw Man
Increasingly, anyone with a bearish opinion about markets or really, anyone who even ventures to suggest that perhaps buying at any price is a bad idea, is being castigated for what the punditry is characterizing as a nefarious attempt to grab headlines by predicting an imminent collapse. That’s a straw man – plain and simple. […]
