Author Archive: Jeremy Parkinson
Doc Copper Testing 6-year Breakout Level
Doc Copper has struggled over the past 6-years, as it has created a series of lower highs since 2011. Below looks at a chart of Doc Copper over the past decade. CLICK ON CHART TO ENLARGE Doc Copper has created a series of lower highs inside of falling channel (1) since the highs back in 2011. […]
2017 IPO Prospects: Spotify To Go Public Soon
According to Goldman Sachs, the music industry will hit $41 billion in revenue by 2030 driven heavily by streaming revenue. Benefitting from this trend is Billion Dollar Unicorn Spotify, which is reportedly gearing up for a direct listing. Spotify’s Journey Stockholm, Sweden-based Spotify was founded in 2006 by serial entrepreneur Daniel Ek and Martin Lorentzon. […]
Who Cares Who The Fed Chairman Is?
He who tries to borrow ‘money’ needs it solely for procuring other economic goods.” – Ludwig von Mises, The Theory of Money and Credit As is well-known now, President Trump is conducting a search for the next Federal Reserve Chairman. Naturally this has economists all riled up simply because the Fed employs more of the credentialed than […]
EUR/GBP Failed To Break Above 0.9045 Resistance
EUR/GBP failed in its attempt to break above 0.9045 resistance and pulled back from 0.9032. The subsequent fall extended to as low as 0.8855, breaking below an important support level at 0.8906 on the 4-hour chart, suggesting that the short term uptrend from 0.8746 is complete. EURGBP 4-hour Chart On the downside The EURGBP pair is […]
Cable Plummets On Report Brexit Talks Headed For “Catastrophic Breakdown” If No EU Compromise
Having traded near sessions highs most of the morning session, sterling suddenly tumbled (even if Gilts refused to move) following a Bloomberg report that the UK is said to see Brexit breakdown if the EU refuses to compromise. In immediate kneejerk reaction, GBP/USD plunged 50 pips, to session lows on fears that Theresa May’s visit […]
Empire State Manufacturing Survey: Activity Grew In October
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions at 30.2 was an increase of 5.8 from the previous month’s 24.4. The Investing.com forecast was for a reading of 20.7. The Empire State Manufacturing Index rates the relative level of general business conditions in New York state. A level above […]
E The Mystery Of Low U.S. Inflation
“As I will discuss, this low inflation likely reflects factors whose influence should fade over time. But as I will also discuss, many uncertainties attend this assessment, and downward pressures on inflation could prove to be unexpectedly persistent. My colleagues and I may have misjudged the strength of the labor market, the degree to which […]
3 Market-Beating Stocks For Your 2018 Radar (With Extreme Upside Potential)
Which three under-the-radar stocks have both a Strong Buy analyst consensus rating and big upside potential? We looked for three top stocks (outside of the usual big-name tech stocks) which make compelling investing opportunities. One of these- biotech Gemphire Therapeutics- has upside potential of 145% for the next 12 months according to the Street. TipRanks […]
Recent Investment: Hormel Foods
Being October almost half over I did my first investment this month and probably only one for September. I invested in very popular stock among the dividend investing community, as I bought 65 shares of Hormel Foods. A company with an amazing financial situation and currently a very fair valuation. All in all, I purchased 65 […]
EUR/USD And GBP/USD Forecast – Monday, Oct. 16
EUR/USD The EUR/USD pair tried to rally on Friday but found enough trouble at the 1.19 level to turn around and form a shooting star like a candle. This suggests that we may see a bit of selling in the short-term, but the longer-term still looks healthy to me. The overall attitude of the market […]
