Author Archive: Jeremy Parkinson
EUR/USD Daily Analysis – Thursday, October 26
EUR/USD continued its sideways movement in a trading range between 1.1725 and 1.1879. The sideways movement is likely a consolidation of the short term uptrend from 1.1669. Another rise could be expected after the consolidation. A breakout of 1.1879 resistance could signal resumption of the uptrend, then the next target would be at 1.2029. Only […]
EUR/USD Ahead Of The ECB: Where Are The Risks?
Today is Draghi Day. The ECB is set to make its decision and the scenarios are laid out. Where could the surprises come from? And beyond the ECB, what could move the euro? Here are three views: Here is their view, courtesy of eFXnews: EUR/USD: 2 Possible Surprises From ECB; EUR Positioning Into The Meeting – […]
E Market Briefing For Thursday, Oct. 26
Lighting the path for the market’s rotational topping process; we have for several weeks described markets as in an ‘exhaustion phase’, as rotational selling in one sector was offset temporarily by buying in other sectors, like of course old-line Industrial types (which typically are less volatile than techs). Today only one stock we follow really […]
Mutual Fund Cash Hits All Time Lows
With the market now deep in what BofA has called an “Icarus Rally” melt-up phase, it is not surprising that retail investor cash levels are among the lowest ever as Joe Sixpack scrambles – as he always did just before the market crashes – to buy everything that institutions have to sell (and as we […]
The Market’s Inner Workings
Welcome back some volatility! With a down day in the market across the board, the volatility or fear index, caught eager bears and weaker bulls. An odd day, as the TBTs or inverse relationship to the 20+ Year Treasury Bonds were up while the dollar was down. Commodities and Utilities, generally safety plays, were also […]
Precious Metals Report – Wednesday, Oct. 25
A review of the day’s precious metal highlights. Video Length: 00:10:49
Unmasking The Voodoo: Chart Patterns
If you are not a charting aficionado you might think that trying to predict future price movements from past price movements is pure folly. And guess what? You would be right. What? Did I just say that? Well, yes I did but there is more to it than the simple answer. We cannot predict price movements […]
Gold Elliott Wave View: Double Three
Short term Gold Elliott Wave view suggests that the rally from 10/06 low (1260.52) to 10/16 peak (1306.35) ended intermediate wave (X) then the decline from there is unfolding as a double three Elliott wave structure. As the structure of the 10/16 peak looks to be overlapping, hence suggesting its corrective structure, either W, X, Y or W, […]
Bond Kings And The Future(s)
Maybe there is hope for the media yet. The benchmark 10-year US Treasury bond yield has passed above 2.40% for the first time in several months. In the past any similar move or technical breakout of the like was met with uniform screeching about a BOND ROUT!!! This time, however, commentary appears at least to […]
Bonds Dip And Flip Financials
Stocks sold-off nearly 1% this morning before recovering half those losses by the close. It’s hard to point to one specific reason for the sell-off because there are lots of risks on the table. Whether or not tax cuts get through and who will be the new FOMC chair are among the top of the […]
