Author Archive: Jeremy Parkinson
GBP/USD Is Becoming Complicated, Like Brexit Negotiations
The pound is becoming quite tricky to trade, says NAB, as Brexit negotiations look complicated as well, as analyzed by BofAML. What’s next? Here is their view, courtesy of eFXnews: GBP/USD: ‘Extremely Unlikely’ To Achieve Progress Before Article 50 Deadline – BofAML Bank of America Merrill Lynch FX Strategy Research notes that Brexit headlines continue […]
British Pound’s Flash Crash: One Year Later
Last October, the British pound experienced a mysterious flash crash that wiped 10% from its value. This included a more than 6% drop in the span of two minutes, bringing sterling to its lowest level in 31 years. Baffled by what transpired, market participants have given several theories about what caused the dramatic drop. Rogue […]
Market In The Hands Of A Balloon Twister
People who create balloon animals are called Twisters. To attract attention, twisters appear clown-like, dressing in bold colors. Some twisters inflate their balloons with their own lungs. However, many use a pump. When I think of the market and its main influencers, I cannot help but think “clownish twisters.” Each day, the influencers fill the […]
E Time For A Crude Oil Correction?
One of my favorite market calls comes from seeing an alignment between my Dynamic Cycle Analysis (DCA), my proprietary turn dates (FDates), and a couple of standard technical indicators used by many technical traders (MACD, Stochastic, %R, etc.). But there are times when the DCA is pointing to a likely change of direction in a […]
Fed Speculation Keeps Dollar Steady
Speculation that U.S. President Donald Trump will appoint a hawkish head of the Federal Reserve when current Chair Janet Yellen’s term expires kept the dollar steady on Tuesday morning. On Monday reports indicated that Trump is favoring Stanford economist John Taylor, a respected policy hawk who had previously been thought to be lower down on […]
Markets Resilient Despite Hefty FII Selling, Takeaways From Merger Of IndusInd Bank With Bharat Financial Inclusion Ltd
Markets Resilient Despite Hefty FII Selling S&P BSE Sensex have run up by a good 16% since last Diwali. Now, this massive run up has been despite the hefty selling by Foreign Institutional Investors (FII) in the recent months. FIIs have withdrawn money to the tune of Rs 464 billion during the period beginning from August-17 […]
KB Home Builds A Rapid Repricing On Californian Foundations
I last wrote about earnings from KB Home (KBH) well over a year ago. While I kept tabs on the stock through my Housing Market Reviews, I never set up specific decision points for getting back into the stock. I finally created a decision point on October 12th when I made a hedged play of call and […]
A Weekly Technical Perspective On EUR, GBP & CAD
In this series we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. We looked at a few of these charts in today’s Weekly Strategy Webinar and heading into the start of the week, here are the key levels to consider. EUR/USD Weekly Notes: Euro turned […]
Netflix Hits New Record High After Smashing Subscriber Expectations, Unveils $17 Billion In Content Commitments
After some initial confusion, Netflix stock surged after hours, a repeat of what it did last quarter, soaring above its all time high price, up over 2% after reporting Q3 numbers which while beating slightly on revenues ($2.99Bn, Exp. $2.97Bn), and beating modestly on non-GAAP EPS (GAAP EPS$0.29, non-GAAP EPS $0.37, exp. $0.32), were far […]
Three Casino Stocks To Buy Now
Perhaps it’s because trading stocks can often mirror the thrill of winning big at the blackjack tables, or maybe it’s because Las Vegas conjures images of the world’s most flashy brands and businessmen. Regardless of the reason, it’s clear that gambling stocks are always among the most popular on Wall Street. Luckily for investors, now […]
