Author Archive: Jeremy Parkinson
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. […]
AUD/USD Daily Analysis – Monday, October 23
AUD/USD broke below the rising trend line on the 4-hour chart, indicating that the short term uptrend from 0.7732 had completed at 0.7897 already. Further decline could be expected in the coming days and the next target would be at 0.7732 previous low, followed by the resistance-turned-support trend line on the weekly chart. Resistance levels are […]
World Stocks At All Time Highs After Nikkei’s Record Winning Streak; Euro Slides With Spain On Edge
In an otherwise quiet session, Sunday’s convincing election victory for Japanese Prime Minister Shinzo Abe’s ruling coalition, which gave it another constitution-changing super majority, pushed the Nikkei to the highest level since 1996, after a record 15 consecutive days of gains – the longest winning streak on record – and sent world stocks to new all-time highs […]
US Dollar Starts New Week On Firm Note
The US dollar is enjoying modest gains against most currencies as prospects of both tax reform and additional monetary tightening by the Fed carry over from last week. The strong showing of the Liberal Democrats in Japan, where the governing coalition has maintained its super-majority is seen as confirmation of continuity. This helped lift Japanese shares and weighed […]
US Equities Rose Last Week While Most Other Markets Declined
Losses dominated the major asset classes last week, based on a set of exchange-traded products. But three corners of the global markets bucked the trend with gains: US stocks, junk bonds in the US, and high-yield bonds in foreign markets. The US stock market was the top performer for the five trading days through Oct. 20. Vanguard […]
