Author Archive: Jeremy Parkinson
‘Today Is A Historic Day’: Nikkei Surges, Breaks All-Time Record For Consecutive Gains
Ok, well it’s official, the Nikkei has now had its longest run of gains in history. Following Shinzo Abe’s sweeping election victory on Sunday, Japanese shares advanced and the yen slipped as the market can now safely assume a continuation of ultra accommodative monetary policy. The Nikkei surged more than 1%, marking its 15th straight day […]
E AUD/USD Intra-Day Weakness
Good day traders and a good Monday. Let’s look at AUD/USD. The Aussie came nicely lower in the last few days from 0.7883 as expected after a corrective rally up in wave 2/B. At the moment we still do not know if the current leg down is going to be wave 3 or wave C […]
Chicago Fed: Growth Picks Up In September
“Index points to a pickup in economic growth in September.” This is the headline for today’s release of the Chicago Fed’s National Activity Index, and here is the opening paragraph from the report: Led by improvements in production-related indicators, the Chicago Fed National Activity Index (CFNAI) moved up to +0.17 in September from –0.37 in August. […]
SAP Hits A 52-Week High
The MarTech space is getting bigger and bigger. About 5,000 companies are a part of the MarTech landscape from just 150 in 2011. With its latest acquisition of Gigya, SAP is getting deeper into the space. SAP’s Financials SAP’s third quarter revenues grew 8% over the year to €5.59 billion ($6.6 billion) compared with the market’s forecast […]
Greg Weldon: Debt-Driven Consumer Economy Breaking Down
Coming up we’ll hear from Greg Weldon of Weldon Financial and WeldonLive. Greg’s research calls for the markets to roll over, and he’s expecting some very rough waters ahead based on key metrics he’s focused on – consumer spending and debt. He also weighs in on the tricky spot the Fed is in and where […]
Exactech To Be Acquired By TPG Capital For $42 Per Share In Cash
Exactech announced that it has entered into a definitive merger agreement under which TPG Capital, the global private equity platform of alternative asset firm TPG, will acquire all of the outstanding shares of Exactech common stock. Exactech’s board of directors approved the agreement which provides for the payment of $42.00 per share in cash to […]
Yen, EUR/USD Sag As The U.S. Dollar Drives Toward Three-Month Highs
This week brings a pair of highly-important Central Bank rate decisions, and the weekend brought another dose of political-fed volatility. In Japan, PM Shinzo Abe enjoyed a rousing victory as his Liberal Democratic Party and its coalition partner took more than 2/3rds of the vote, affording Mr. Abe a strong new mandate. This should allow him […]
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% […]
