Author Archive: Jeremy Parkinson
Market Drama Hits A Fever Pitch As Trump Narrows Fed Chair Shortlist
As you might expect from a reality TV show host, President Trump’s long selection process to identify the next Fed chair has increased the drama to record levels. Yesterday’s headlines suggested Stanford University economist John Taylor made a favorable impression on the President last week. The creator of the famed “Taylor Rule” for formulaically determining […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, Oct. 18
S&P 500 The S&P 500 initially fell during the day on Tuesday but found enough support to turn around and form a hammer again. It looks as if the earnings season is going higher, as so far most estimates have been rather healthy. The 2550 level looks to be very supportive, but I also recognize […]
Oil Prices Continue To Firm Up
Oil prices were higher on Wednesday morning, powered by a decline in I.S. crude inventories and continued worries about political tensions in Iraq and Iran. U.S. WTI futures were up 0.33 percent to $52.05 per barrel and Brent crude futures were up 0.60 percent to $58.23 per barrel as of 1:19 p.m. HK/SIN. Some technical […]
Stagnant U.K. Household Earnings To Fuel GBP/USD Weakness
Trading the News: U.K. Employment Change In light of the market reaction to the U.K. Consumer Price Index (CPI), another batch of lackluster data prints may continue to rattle the near-term rebound in GBP/USD as it saps bets for higher interest rates. Even though BoE Governor Mark Carney warns the central bank will deliver a rate-hike over the ‘coming months,’ the […]
European Growth: Distinct Lack Of Good Faith?
It was a busy weekend in retrospect, starting with Janet Yellen and other central bankers uncomfortably facing a global media that has become (for once) increasingly unconvinced. Reporters, really, don’t have much choice. The Federal Reserve Chairman might not be aware of just how much she has used the “transitory” qualifier since 2015, but others […]
REIT Stocks Q3 Earnings Queued Up For Oct 18: CCI, SLG & BDN
The Q3 earnings season has just begun and the real estate investment trust (REIT) space is already buzzing with activity. Notably, on Oct 18, Crown Castle International Corp. (CCI – Free Report), SL Green Realty Corp. (SLG – Free Report) and Brandywine Realty Trust (BDN – Free Report) are scheduled to release their quarterly results. Admittedly, the Federal Open Market Committee […]
Gold Slips As Dollar Strengthens
Gold prices fell $10.22 an ounce on Tuesday, extending their losses to a second straight session, as strength in the U.S. dollar eroded the appeal of the precious metal. Technical selling pressure was also behind gold’s decline yesterday. Dropping through the $1292-$1289 support triggered a fresh round of selling and dragged prices to the Ichimoku […]
Americans’ Economic Confidence Turns Negative For First Time Since Election
Last week, we noted that, despite storms, wildfires, quakes, higher gas prices, and failed Washington policies, Americans are – according to The University of Michigan – their most confident since January 2004. Additionally, businesses are cock-a-hoop BUT the real economy is seriously lagging… This all seems a little odd… and sure enough, we get a survey from Gallup that […]
Indian Indices Rangebound, SIP Inflows Rise 45%, And Top Stocks In Action
On Tuesday, share markets in India opened in red and were rangebound throughout the day but arrested losses and ended on a flat note. The BSE Sensex closed lower by 25 points to end at 32,609 while the broader NSE Nifty ended the day higher by 4 points to close at 10,234. Among BSE sectoral indices, realty index rose the most by 0.8%, […]
Is EUR/USD In A “Buy The Dips” Mode?
EUR/USD is stuck in range, in the middle of the 1.17 handle. What’s next? Here are three opinions, which lean towards buying the dips. Here is their view, courtesy of eFXnews: EUR/USD: Where To Buy Dips? – SocGen Societe Generale Cross Asset Strategy Research expects EUR/USD dips-buyers to emerge on further move towards 1.1720 ahead of […]
