Author Archive: Jeremy Parkinson
Key Events In The Coming Week: ECB Taper, Q3 GDP And Durables
The main event this week will be the ECB’s taper announcement on Thursday where consensus expects the ECB to announce a QE extension of €30bn per month for 9 months until Sep-18, with potential extensions thereafter. Net purchases between now and Dec-17 will continue at €60bn per month as planned. To cope with rate hike expectations, the […]
The Greenback Gains Ground While The NZ Dollar Crashes Lower
The US dollar index gained ground against its G7 counterpart currencies this week, after the Senate Republicans in Washington approved a $4 trillion budget for 2018, pushing the Trump administration proposed tax reform plan one step closer. The chamber approved the budget resolution by a vote of 51-49, with US Senators now having to reconcile […]
Forex Week In Review – Monday. October 23
Last week was another positive affair for the world’s major markets with all making ground except for the FTSE. In Europe over the course of the week, the FTSE was down on last week’s close by 0.16% at 7523.2; the DAX ended at 12991, unchanged on last week’s close; the CAC was up by 0.39% […]
Super Mario: Full Week Ahead Preview
The main event this week will of course be the ECB and the turmoil in Spain makes things even more interesting than they would already be. Draghi is widely expected to outline the future of QE in Europe and it comes against a backdrop where the Catalan independence bid could imperil periphery spreads. Here’s the […]
Kimberly Clark (KMB) Is Worth A Look At These Levels
Dividends are central to my investment philosophy. They not only lower portfolio volatility but also provide a continued source of funds for reinvestment. In that vein, I continually monitor a small list of companies that have consistently raised dividends for at least 25 years. When these companies are weak technically, it’s an appropriate time to […]
Sensex Closes Above 100 Points; IT & Realty Stocks Rally
Indian share markets gathered some momentum in the afternoon session to finish above the dotted line amid firm global markets. At the closing bell, the BSE Sensex closed higher by 117 points and the NSE Nifty finished up by 38 points. The S&P BSE Mid Cap finished up by 0.5% while S&P BSE Small Cap finished up by 0.1%. Gains were largely seen in realty […]
FX COT Update: Market Braced For October ECB
EUR/USD Non-Commercials reduced their net long positions last week selling 7.6k contracts to take the total position to 90k contracts. The EUR long position remains near multi-year highs ahead of the October ECB meeting this week which is attracting huge market attention. The ECB is widely expected to announce a reduction in its QE programme […]
Slowdown In Shale
Another big drop in U.S. rig counts and warnings from major oil service firms is making it clear that the Shale oil slowdown that I predicted is here. Baker Hughes reported a plunge of 7 oil rigs and eight natural gas rigs. Some of the drop is storm related but a lot of the drop […]
Market Outlook – Monday, October 23
Welcome to the weekly outlook starting this Monday, October 23. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. As you’ll read below, it’s an active economic news week with releases coming from all major economies around the globe. On Friday, we also get inflation figures from […]
WTI Crude Oil And Natural Gas Forecast – Monday, October 23
WTI Crude Oil The WTI Crude Oil market initially fell during the Friday trading session, but found enough support underneath that the $50.80 region to turn around and form a nice-looking hammer. It now looks as if we are going to try and reach towards the $52.50 level again, an area that has been resistive. […]
