Author Archive: Jeremy Parkinson
Kiwi Drop And Sterling Losses Punctuate Subdued FX Market
The 30th anniversary of the 1987 equity market crash the major US benchmarks at record highs. The drop in the market was at least partly a function of the lack of capacity, sufficient instruments, and regulatory regime. Each of these factors has been addressed to some extent. Circuit breakers have been introduced, and have evolved. The financial capacity has grown immensely. Sophisticated […]
Why Bankers Only See Horses And Technologists Are Creating Cars
I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest: “Roboadvisory services improves our speed-to-market and human productivity, but does not replace humans. In particular, I can see that artificial […]
The 2017 Incrementum Gold Chart Book
A Big Reference Chart Collection Our friends at Incrementum have created a special treat for gold aficionados, based on the 2017 “In Gold We Trust Report”. Not everybody has the time to read a 160 page report, even if it would be quite worthwhile to do so. As we always mention when it is published, […]
Tax Cut May Lead To Overheating, Help To End Bull Market
Video Length: 00:00:51 Jim Paulsen, Chief Investment Strategist for the Leuthold Group, discusses his outlook on the US stock market and the economy with FS Insider. He is still bullish, citing 3 basic pillars holding up this bull market, but also explains why a tax cut at this point in the cycle will likely do more harm […]
AUDUSD Daily Analysis – Thursday, Oct. 19
AUDUSD rebounded from 0.7818 after touching the rising trend line on its 4-hour chart, suggesting that the pair remains in the uptrend from 0.7732. Further rise to test 0.7897 resistance could be expected, a breakout of this level could signal resumption of the uptrend, then next target would be at 0.7986. Key support is now […]
UK Retail Sales Badly Disappoint, Falling 0.8% – GBP Falls
Retail sales dropped by 0.8% m/m in the UK, much worse than -0.1% expected and with a downward revision. Year over year, sales are up only 1.2$ against 2.1% expected. Excluding fuel, sales are down 0.7% instead of +0 and up only 1.6% y/y instead of 2.4% predicted. Downward revisions accompany all the numbers. GBP/USD is […]
Wall Street Kicks Off Earnings Season In Fine Form
Earnings season is upon us, and Wall Street is looking sharp. A slew of early performances suggests that American companies are poised for another quarter of year-over-year earnings growth. According to FactSet, a financial research firm, 6% of S&P 500 companies have reported actual Q3 earnings as of 13 October. Four-fifths of those companies reported […]
NZ First-Labour Party Coalition Plunges New Zealand Dollar By 1.5%
The New Zealand dollar plunged on Thursday against the U.S dollar following the news of the final make-up coalition government. The local currency plunged by 1.5 percent against the U.S. dollar to US70.53c on Thursday morning. The surprise fall came after New Zealand First, the third largest political party which effectively held power, decided to […]
Gold Trapped In A Triangle
Good morning traders. Today, let’s take a quick peek at Gold and its mid-term development. We see Gold trading in a big, choppy, overlapping and sideways price action since the start of 2016. This slow visible structure resembles an Elliott wave triangle correction. A triangle correction is a complex pattern with five legs, with each […]
Does Corruption Hinder Economic Growth?
from Qruis (formerly The Indian Economist) — this post authored by Ishita Misra According to a research done by a State Bank of India (SBI) team, corruption and economic growth are intrinsically related. Data from around the world shows that a lower level of corruption corresponds to a higher economic growth rate in a country. The […]
