Author Archive: Jeremy Parkinson
Rail Week Ending March 2018: Movements Up 3.3% In February
Week 9 of 2018 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The rolling averages remain mixed. Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis for […]
Metcash Delivers The Goods Down Under
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week my Safari portfolio is adding a company from the […]
US Futures Tread Water Ahead Of “Average Hourly Earnings” Report
After a barrage of breaking, surprise headlines and geopolitical developments, markets fall back to the familiar rhythm of trading the monthly payrolls (+205K exp), or rather, the far more important average hourly earnings (+2.8% Y/Y exp.) report. This morning, global shares hit a one-week high before easing a touch, as caution ahead of jobs data, and a […]
All Eyes On The BOJ: From Down-Cycle Risks To Stimulus Action?
The Bank of Japan (BOJ) will hold its first policy board meeting with the newly appointed board members on April 26 and 27. In our view, there is a growing probability of the “dovish” faction gaining momentum, with at least two (and possibly three) of the nine board members voting for added monetary stimulus. The reason for […]
EUR/USD Breaks Support Line Via Wave ABC Pattern
EUR/USD 4 hour The EUR/USD made a bearish retracement as expected in yesterday’s analysis named “EUR/USD Prepares for ABC Zigzag in Bearish Wave 2”. A bullish breakout above resistance (red) could start the wave 5 (pink) whereas a break below support makes a downtrend more likely. 1 hour The EUR/USD is indeed building a bearish […]
Are We In Late Cycle? Implications For Gold
In the previous edition of the Market Overview, we explored the fascinating history of bull and bear cycles in both the U.S. dollar and gold. Since then, the idea of cyclicity doesn’t lead me to drop off, disrupting my sleep cycles. Let’s then dig into the topic. We start with the business cycles, as in the recent Gold News Monitor we wrote […]
King Dollar Rally Here, Suggests Crude & Copper Peaking, Says Joe Friday
King Dollar weakness over the past 18-months has been of benefit to several commodities. Are the good times for commodities about to end due to a U.S. Dollar rally? Are inflation concerns peaking as the Dollar is testing support? Possible! Below looks at King Dollar over the past 25-years The U.S. Dollar has spent the […]
5 Questions For James Rosseau On Legal Shield’s Economic Indexes
Interest in alternative data sets has exploded in recent years as investors scour the world for relatively obscure numbers that may offer insights overlooked in standard economic releases. Some of these figures are genuinely useful for developing an edge in trading and portfolio design, but there’s plenty of junk, too. Accordingly, caveat emptor applies when […]
Stop Looking At The Price
There’s a new hashtag trending on Twitter that I feel is very relevant for myself and all of you as well. Most of us are already familiar with the tag HODL, it was a misspelling of the word hold on a Bitcoin Forum Post and eventually evolved into a battle cry for crypto-investors. Behind this […]
Gold Prices Drop As Dollar Strengthens – Friday, March 9
Gold prices fell for a second straight session and settled at $1321.76 an ounce with investors cautious ahead of the Labor Department’s monthly non-farm payrolls report. The greenback rallied following the European Central Bank’s policy update. World stock markets were mostly higher yesterday. XAU/USD is currently trading at $1318.03, lower than the opening price of […]
