Author Archive: Jeremy Parkinson
Managing Your Credit: 4 Ways To Get The Most Out Of Your Cards
Chances are, managing your credit will be an important part of your finances. Here’s what you need to know about getting the most out of your credit situation. Unless you have a checking account with a huge sum of money, somewhere along the line you’re going to need access to a line of credit. Most […]
Stagnation Nation: Middle Class Wealth Is Locked Up In Housing And Retirement Funds
The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death. One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals. The limitation on […]
EUR/USD: 1.1730 Likely To Be Tested Again
Previous: On Tuesday the 24th of October, trading on the euro/dollar pair closed up. The euro rose along with the dollar thanks to high demand for it on the crosses, but still ended up losing the ground it gained by the end of the session. The euro dropped from a session high of 1.1793 to 1.1758. […]
USD/CAD Inverse Head & Shoulders Takes Shape Ahead Of BoC Meeting
– Bank of Canada (BoC) to Keep Rates on Hold Following Two Consecutive Hikes. – Will Governor Poloz & Co. Implement Higher Borrowing-Costs in 2018? Trading the News: Bank of Canada Interest Rate Decision The Bank of Canada (BoC) interest rate decision may spark a limited market reaction as Governor Stephen Poloz and Co. are widely anticipated to keep […]
Sterling And Aussie Interrupt The Waiting Game
Most participants seemed comfortable marking time ahead of tomorrow’s ECB meeting, and an announcement President Trump’s nominations to the Federal Reserve. However, softer than expected Australian Q3 CPI and a stronger than expected UK Q3 GDP injected fresh incentives. Australia reported headline CPI rose 0.6% in Q3. The market had been looking for a 0.8% increase. The year-over-year rate […]
T-Note Yields
T-Note yields about to break crucial resistance. Bearish scenario for T-Note prices. Source: INVESTING.com
BofA: “The Market Implies There Is No Way A Shock Can Happen”
For today’s moment of volatility zen, we go to BofA’s Nikolay Angeloff who drew the short straw to be the (un)lucky pundit whose comments on record complacency, low volatility, etc publicized. Angeloff starts with pointing out what we noted over the weekend , namely that we have now recorded 335 days without a 5% or more pullback, […]
Crypto Showdown: Bitcoin Vs. U.S. Government
Bitcoin is hyperbolic again. The premier cryptocurrency just cracked the $6,000 price level. As I shared yesterday, we shouldn’t expect it to stop anytime soon, either. I’m projecting that $6,000 is nothing more than a speed bump on the way to $10,000. I hope by now you realize that we’re witnessing the biggest financial storyline […]
GBP/USD Daily Analysis – Wednesday, October 25
GBP/USD failed its attempts to breakout of 1.3228 resistance and pulled back to 1.3110 area, suggesting that the pair remains in the short term downtrend from 1.3337 and deeper decline towards the major support trend line on the daily chart would likely be seen in the coming days. Near term support is at 1.3087, below this level […]
Australian Inflation Remains Soft In 3Q; Rates Hike Unlikely
Australian inflation surprisingly slowed in the third quarter even with rising power prices. Consumer Price Index which measures inflation rate climbed 0.6 percent in the third quarter, according to the Australian Bureau of Statistics report released on Wednesday. On a yearly basis, consumer prices were up 1.8 percent, below the Reserve Bank of Australia’s 2 […]
