Author Archive: Jeremy Parkinson
Three Bulls
I’m so heart-achingly bored with this market I’m just going to toss three bullish charts out there. Honestly, equities are putting me to sleep. I’m actually looking forward to the weekend.
Rail Week Ending October 14, 2017: A Good Week For The Economically Intuitive Sectors
Week 41 of 2017 shows same week total rail traffic (from same week one year ago) improved according to the Association of American Railroads (AAR) traffic data. The economically intuitive sectors remain in expansion, Analyst Opinion of the Rail Data We review this data set to understand the economy. If coal and grain are removed from the analysis, […]
Trading USD/JPY And NZD/JPY Ahead Of Japan’s Election
Prime Minister Shinzo Abe called a snap election last month to further strengthen his power now that the main opposition Democratic Party is in complete shambles. While the October 22 election will test Abe’s popularity in Japan, the Prime Minister is widely expected to win. However, the usual uncertainty that associates with politics and financial […]
Zimbabwe Panic Sends Bitcoin Soaring Over $6000 – Now Bigger Than Goldman Sachs
Cryptocurrencies are broadly higher this morning with Bitcoin leading the way to new record highs at $6000 – nearing $100 Billion market cap, bigger than Goldman Sachs – as demand from Zimbabwe soars (and Spanish concerns see activity rise). Most of the biggest cryptos are higher… But Bitcoin is leading – now above $6000 for the first […]
Nikkei Ties All-Time Record With Cartoonish 14th Consecutive Gain And Really, Why The Hell Not?
Records, like rules, were made to be broken and the Nikkei is one session away from breaking a record. On Friday, the benchmark rose for a 14th consecutive day ahead of elections on Sunday: As Bloomberg notes, “foreign investors bought a net 657.5 billion yen ($5.8 billion) of stocks in the first week of October, the […]
OPEC Doesn’t Understand The U.S. Oil Industry
OPEC’s secretary general has asked U.S. shale oil producers to cooperate with the cartel to keep the global oil market out of an oversupply situation. That betrays a fundamental misunderstanding of how the U.S. oil industry works. Last week some comments from OPEC Secretary General Mohammed Barkindo signaled that OPEC may not understand how the U.S. oil industry […]
USD/CAD, EUR/USD In The Spotlight Ahead Of ECB, BoC
Next week brings the highly-awaited rate decision from the European Central Bank in which markets may finally hear what the ECB plans to do with their stimulus program beyond the current December expiration. This has been a brewing theme for much of the year: At the ECB meeting in April, just after the first round of […]
Procter & Gamble (PG) Tops Q1 Earnings & Revenues
The Procter & Gamble Company (PG – Free Report) enjoys strong brand recognition with its consumer products sold in more than 180 countries primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high frequency stores and pharmacies. However, PG’s sales performance has been sluggish over the past […]
How Stable Is Bitcoin’s Current Price Growth?
There have been some very interesting developments on the crypto market as of late. On the 15th of October, bitcoin’s price rose to 5,950 USD on the Bitfinex exchange, which brought the currency’s market cap up to just shy of 100bn USD (according to coinmarketcap). This marks a new all-time high for bitcoin and is 24% […]
