Author Archive: Jeremy Parkinson
Sensex Plunges Further; Metal & Energy Stocks Decline
Indian share markets continued to trade on a weak note during the noon session amid weak Asian markets. Losses were largely seen in metal stocks, oil & gas stocks and auto stocks. The BSE Sensex is trading lower by 360 points and the NSE Nifty is trading down by 122 points. Meanwhile, the BSE Mid Cap index is trading down by 1.1% & the BSE Small Cap index […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 5
WTI Crude Oil The WTI Crude Oil market initially fell on Friday, but just as we had seen on Thursday, buyers came in just above the $60 handle. While the market looks very negative at one point during the day, it obviously turned around as we close slightly higher. Ultimately, I think if we can […]
Inflation And Honest Data
’80s Flashback In the course of inventing new tools you sometimes you find that the old tools weren’t so bad and might even have been better than your “improved” versions. My friend John Williams at ShadowStats fervently believes that the changes that the Labor Dept. made in the ’80s and ’90s seriously distorted the Consumer Price Index. […]
Another Bullish Breakout For Cocoa
On Friday, The iPath Bloomberg Cocoa SubTR ETN (NIB) soared 3.0% to a 14-month high. It was a breakout the validated months and months of patience betting that in a market with strong demand, extremely low cocoa prices would create the conditions for higher prices in the future. While NIB has persistently rallied since the […]
FX Week Ahead: Central Bank Meetings
The markets head into a busy week that sees some of the major central bank monetary policy meetings lined up. This week, the RBA, the Bank of Japan, the ECB and the BoC will be holding their monetary policy meetings. Despite the line up of the central bank meetings, no major changes are expected from either […]
Ripple: XRP/USD Creates A Bullish Engulfing, Breaks Above $1.00
After weeks of consolidation, Ripple’s XRP made a massive comeback on Sunday with a 12.15% gain, finally breaking above the $1.00 barrier. Here’s an overview of the popular blockchain and its token. XRP/USD Ends Consolidation After reaching the all-time high price of $3.35 beginning of January, XRP/USD dropped back to the 76% Fibonacci retracement level […]
AUDUSD Daily Analysis – Monday, March 5
AUDUSD remains in the downtrend from 0.7988, the bounce from 0.7712 is likely consolidation for the downtrend. Near-term resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 0.7600 area. On the upside, […]
Goldman Admits ‘Global Economic Momentum’ At Lowest In 2 Years
Seven of the ten underlying components of the Goldman Sachs’ Global Leading Indicator (GLI) weakened in February slightly to 3.46% in February, down from our January estimate of 3.56%. GLI momentum (MoM growth) decreased to 0.234% from 0.249% last month, the lowest level for GLI momentum since March 2016. The Global Leading Indicator (GLI) is a Goldman Sachs […]
Sentiment Snapshot: Turning Tides
So far, the recovery from the February correction is proving *not* to be a “v-shaped recovery”, and rather seems to be in a process of undertaking a classic “double-dip recovery”. Headline risk has certainly been a driver, and at this point noise, sentiment, and signals are more intertwined than ever. So it’s time to take a snapshot […]
Gold Prices Find Fresh Support As Trade War Fears Grip Markets
Gold price found interim support and are attempting an offensive having touched a two-month low last week. The drop was set off by hawkish comments from Fed Chair Jerome Powell that tarnished the appeal of anti-fiat and non-interest-bearing assets. The move turned as US President Donald Trump unexpectedly hiked tariffs on steel and aluminum, shocking markets. Crude oil prices fell in […]
