Author Archive: Jeremy Parkinson
AUDUSD Daily Analysis – Friday, March 9
AUDUSD’s short term uptrend from 0.7712 had completed at 0.7842 already. Another fall could be expected in the coming days and next target would be at 0.7712 support. Below this level would confirm that the downtrend from 0.8135 has resumed, then further decline towards 0.7600 could be seen. Resistance is at 0.7842, only break above […]
What Wall Street Is Saying About The ‘Goldilocks’ February Jobs Report
Ok, well markets have had a couple of hours to absorb and ponder the February jobs report which of course beat handily on the headline while missing on the AHE front, a decidedly favorable outcome for stocks, given that the main risk heading in was another average hourly earnings beat. You can delve as deeply into this […]
U.S. Adds 313,000 Jobs In February; Wages Remain Weak
The US labor market created the most jobs in almost two years in February as participation rate inched higher. Employers created 313,000 jobs in February, with the estimates for the two previous months (December 2017 and January 2018) revised higher by 54,000, the Labor Department report showed on Friday. The unemployment rate remained unchanged at […]
NFP Recap: “Goldilocks” Report For US Stocks As Jobs Surge But Wages Languish
After last month’s surprising, broad-based rise in a variety of wage measures, traders were on the edge of their seats awaiting this morning’s US jobs report. After all, we’ve seen countless “false dawns” heralding the end of the persistent slack in the labor market over the last nine years, but none have proven to be […]
Billion Dollar Unicorns: What Is Anaplan’s Product Strategy?
According to a recent report, the global cloud ERP market is projected to grow 8% annually over the next few years to $28 billion by 2022. During the same period, the North American cloud ERP market is estimated to grow to $11.1 billion in 2022. San Francisco-based Anaplan has had a roller coaster ride recently. The […]
This Time Is Different, Manufacturing Payrolls Edition
The monthly Employment Situation Report will always be one of our favorite releases not just because it’s so economically relevant, but because of how many interesting details there are in the data. This month, the BLS reported a very strong 31,000 net new jobs created in the manufacturing sector, with upward revisions bringing January’s total […]
Autodesk, Inc. Shares Sky Rocket After Solid Q4 Results
Autodesk, Inc (NASDAQ: ADSK) Shares of Autodesk, Inc. surged 14.8% in Wednesday’s extended session after the company beat analysts’ revenue and earnings expectations. The shares traded at record-high levels as soon as the software company announced its fourth-quarter report. Wall Street was happy with the results, with at least 15 analysts raising their targets on the stock’s […]
US Dollar Unable To Muster Strength After Blowout NFP
NFP HEADLINE PRINTS AT +313K, AVERAGE HOURLY EARNINGS DISAPPOINTS This morning’s Non-Farm Payrolls data from the month of February blew the doors off, coming in at +313k versus the expectation of +205k. The unemployment rate held steady at 4.1% as the labor force expanded last month; but Average Hourly Earnings came-in at 2.6% versus an expectation of […]
Sentiment And Economic Data Laying The Foundation For Higher Stock Prices
The headline number of an increase of 313,000 in February’s non-farm payrolls this morning was big. This is the largest monthly increase since July 2016. The high end of consensus estimates was for a 230,000 increase in payrolls. December and January reports were also revised higher. In addition to the strong payroll report, estimated 12-month […]
A Contrarian’s Case: Silver Prices Setting Up To Surge In 2018
Money Managers Making Case for Higher Silver Prices If you are looking for the next big trade, pay close attention to silver prices. The gray precious metal could be setting up to reward investors immensely in 2018 and beyond. As bold as this may sound, silver could be the next millionaire maker. Understand that there’s […]
