Author Archive: Jeremy Parkinson
Indian Indices Trade Marginally Higher; IT Stocks Witness Buying Interest – Friday, March 9
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the IT sector and telecom sector witnessing maximum buying interest. Metal stocks are trading in the red. The BSE Sensex is trading up 40 points (up 0.1%) and the NSE Nifty is trading up 16 points (up 0.2%). The BSE Mid Cap index is trading down by 0.1%, […]
Housing Liquidity Crisis Coming: Debt Deflation Follows
A liquidity crisis in housing is on the way. Non-banks are at the center of the storm. The Brookings Institute says a Liquidity Crises in the Mortgage Market is on the way. This is in guest post format. What follows are key snips from a 68-page Brookings PDF. This article isn’t very long. My comments follow. Abstract […]
Copper At Risk Of Further Weaknesses
Copper (HG_F) broke below $3.5 low ($3.095) earlier today. As a result, it shows a bearish sequence from 2/16 peak ($3.272), risking for further downside. Current short term Elliott Wave view in Copper suggests that the rally to $3.272 on 2/16 ended Primary wave ((X)). The decline from there is unfolding as a double three Elliott Wave structure where […]
Trade Deficit And Tariffs: It Is Complicated
President Donald Trump’s announcement that he is instituting tariffs on imported steel and aluminum came as a surprise to some although reducing the trade deficit was one of his campaign promises. Dealing with the trade deficit issue is a complicated one since no one factor impacts trade. What is complicating a necessary discussion at the […]
More Volatility Ahead For Italy’s FTSE MIB Index
Italy’s FTSE MIB Index still remains more than 60% below its record high reached pre-2007 financial crisis, as shown on the monthly chart below. It’s facing major overhead resistance with the convergence of a triple top price formation, 40% Fibonacci retracement level, and the lower edge of its original uptrending channel around 24,568, which is still a long way […]
Japan ETFs To Buy As GDP Growth Revised Upward
GDP growth in the world’s third-largest economy expanded more than initially thought, owing to an upward revision in key business areas. It grew for eight consecutive quarters, the longest streak since a 12-quarter expansion ended in 1989, the period of Japan’s economic bubble. Into the Headlines Japan’s economy grew at an annualized 1.6% in Q4 […]
S&P 500 And Nasdaq 100 Forecast – Friday, March 9
S&P 500 The S&P 500 had a slightly positive session on Thursday, as traders await the jobs number today. The market will get those numbers at 8:30 AM New York time, and I believe that there will be a significant amount of volatility as soon as we get that announcement as per usual. However, to […]
USDCAD Daily Analysis – Friday, March 9
USDCAD remains in the uptrend from 1.2450. As long as the price is above the bullish trend line on the 4-hour chart, the fall from 1.3000 could be treated as consolidation for the uptrend, and another rise towards 1.3100 could be expected after the consolidation. On the downside, a clear break below the trend line […]
Sensex Trades In Green; Capital Goods Stocks Gain
After opening the day firm, share markets in India have continued the momentum and are trading comfortably above the dotted line. Sectoral indices are trading on a mixed note with stocks in the auto sector and stocks in the IT sectorleading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading up by 100 points (up 0.3%), […]
EUR/USD: Correction To 1.2330 Likely Ahead Of NFP
Previous: On Thursday the 8th of March, trading on the EUR/USD pair closed down. I don’t make predictions on payrolls day or on days when Mario Draghi has a press conference, as volatility surges and TA doesn’t work. The ECB maintained their key rate at its current level. The margin rate was kept at 0.25%, while […]
