Author Archive: Jeremy Parkinson
Sensex Ends Day 300 Points Lower; Services PMI Contracts
After opening the day in the red, share markets in India witnessed negative trading activity throughout the day and ended the day on a dull note. Losses were seen across most sectors with stocks in the metals sector and stocks in the oil and gas sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 300 points (down 0.9%) […]
Nasdaq Attempting 20-Year Breakout, With Momentum At 2000 Levels
The chart above looks at the Nasdaq Composite Index over the past 27-years, on a monthly basis. The trend remains solidly up for tech, no doubt about it! The index has spent the majority of the past 20-years inside of rising channel (A) and has spent the majority of the past 7-years inside of rising channel (A). […]
E China Recently Experienced A Shrinking Trade Surplus
China has been pursuing an aggressive mercantilist trade policy for many years and has, of course, amassed large trade surpluses. Trade with China is politically sensitive for many countries, as the world’s second-largest economy records large trade surpluses with many of its trading partners. China’s total trade surplus in 2017 in USD was $422.5 billion, […]
Pre-Bubble: Maybe Mature Bubble – Unlikely
Is the stock market already in a bubble? Video Length: 00:23:34
Hard Brexit Would Be Catastrophic To UK Car Industry
On the day on which the PM is supposed to clarify her Brexit ambitions and call on the country to “come together”, a parliamentary committee report has highlighted the dangers of a “no deal” scenario could risk the future of UK car production. The May government has repeatedly ruled out continued membership of the single […]
EURUSD After The Italian Elections
EURUSD closed last week with a modest 0.20% gain at 1.2316. Despite the attempt to break below 1.21 last week, price recouped its losses and turned slightly positive, giving some hopes to EURUSD bulls for a bullish continuation this week….early Sunday trading saw price move towards 1.2360 only to push back below 1.23 in the […]
Will You Miss The Commodity Comeback?
Do Commodities Have a Place in a Portfolio? This is an interesting question in today’s environment. Those of us who have read various finance textbooks that include sections on the benefits of things like “asset allocation” and “diversification” would, almost without thinking, say “yes.” But if we look at the reality of what market participants […]
Italian Election Weighs On Italian Assets, But Little Systemic Risk Seen
The Italian election results look a bit more euro-skeptic, but the not far from what the polls showed. Coalitions matter under the new electoral rules, and the center-right coalition appears to have the most votes, followed by the 5-Star Movement, and then the center-left in third. There were two surprises. First, the center-left did poorer, […]
Most Asset Classes Fell Last Week
Last week’s trading ended in the red for all but one of the major asset classes,based on a set of exchange-traded products. US inflation-linked Treasuries edged higher over the five trading days through Mar. 2 while losses weighed on everything else. The iShares TIPS Bond (TIP) ticked up 0.2% last week, an outlier gain vs. the […]
EURUSD: Euro Drops In Response To Italian Election Results
Previous: On Thursday the 1st of March, trading on the EURUSD currency pair once again closed up. The dollar remained under pressure from the introduction of steel and aluminium tariffs. The US’s trading partners have stated that they may in turn implement their own protective countermeasures. Trump responded with a tweet, saying “When a country (USA) […]
