Author Archive: Jeremy Parkinson
EUR/USD: Uptrend Remains Intact
Previous: On Monday the 12th of March, trading on the EUR/USD pair closed slightly up. There were price fluctuations in both directions. During the European session, the euro bulls hit a high of 1.2340, after which the euro slumped to 1.2290. In terms of the intraday dynamics, these movements were similar to Friday’s. The euro recovered […]
US To Become Biggest Producer Of Oil In The World?
By next year, the US will become the world’s largest oil producer thanks to the fracking boom. Perhaps the US outdid the current Primus Russia earlier this year, said International Energy Agency (IEA) chief Fatih Birol: “The growth of US shale oil is strong and the pace is very high – the US will soon […]
BLS 95 Million Unemployed
The Bureau Labor Statistics (BLS) states clearly that 95 Million people in the US are not in the labor force! Those who are quite alarmed by this shocking number include: Chief Economist Dan North, CNBC financial reporter Rick Santelli and Peter Boockvar, Chief analyst of the Lindsey Group. Echoing these paragons of credibility is President […]
Stocks To Trade: ABBV, GS, MTG
Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long AbbVie (ABBV) Long Goldman Sach (GS) Short MGIC Investments (MTG)
Gold Prices Slip In Asia Trade
Gold prices ended Monday’s session down $0.77 an ounce as investors took a cautious stance ahead of U.S. inflation data. XAU/USD initially headed lower yesterday but the anticipated support around the $1314 level pushed prices higher. The market tried to break through $1326 in early Asia trading today but a bounce in the U.S. dollar […]
Non-Economic Developments Dominate Ahead Of US CPI
The yen’s 6% gain against the dollar this year makes it the strongest of the major currencies in here in the first quarter. Investors have been given another reason not to resist the seasonal pressures that often see Japanese investors repatriate capital ahead of the end of the fiscal year later this month. Many see the eruption […]
AUD/USD Daily Analysis – Tuesday, March 13
AUD/USD extended its upside movement from 0.7712 to as high as 0.7884. The key support is located at the bullish trend line on the 4-hour chart. As long as the trend line support holds, the upside movement could be expected to continue and next target would be at 0.7930 area. Only a clear break below […]
Bond Yield To Stock Yield Spread Sufficiently Wide To Challenge Stock Returns
A little over a year ago I noted the yield on the 10-year Treasury surpassed the dividend yield of the S&P 500 Index. With rising bond yields, there becomes a point when the bond yield is sufficiently high relative to the yield on stocks that bonds can challenge stock returns. In that earlier article, I referenced a […]
Hurricane Wholesale
Wholesale sales were up 10% year-over-year in January. But like every other economic account, the bulk of those gains were registered in the aftermath of Harvey and Irma. Seasonally-adjusted, wholesale sales predictably declined in January. Compared to other data points like imports, it’s literally the same pattern. Petroleum sales do account for a lot of the […]
Markets Happy As It Climbs “The Wall Of Worry”
Update: March 2018 The market is very, very happy. The fiscal stimulus and lack of major “inflation scare” is helping keep markets steady, yet trending higher on a positive note. So here’s the wall of worry that is getting built. Economic growth is again topping. Inflation could run up faster than expected Slowdown in Europe and China […]
