Author Archive: Jeremy Parkinson
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 […]
FX Markets Turn To Inflation Data From New Zealand, The UK, And Canada
10/16 Monday | 21:45 GMT | NZD Consumer Prices Index (Q3’17) New Zealand is expected to see a small rise in Q3’17 inflation figures, constrained by the reduced base effect from oil prices as well as a stronger trade-weighted New Zealand Dollar year-over-year. As a result, we’re looking for the Q3’17 New Zealand CPI figure to come in at +1.8% […]
Pound Edges Higher On Interest Rate Intrigue
The British pound headed higher on Monday despite Prime Minister Theresa May’s struggles with Brexit policy that has been plaguing the currency of late. The strengthening was largely due to speculation that the Bank of England will raise interest rates before the end of the year, a prospect whose influence over the sterling seems to be, […]
Crude Oil: Kurdish Conflict
Iraq is moving troops around the Kurdish region of Iraq, putting at risk about 600,000 barrels of daily oil production at a time when global oil supply is tightening. Oil is also getting support from the Trump Administration’s decision to decertify the Iranian nuclear deal and kicking the can to the U.S. Congress that will […]
Risk In Asia: India Has The Highest Gearing
India has the highest gearing measured as net debt-to-equity, followed by the Philippines. The Info Tech sector usually has low gearing and high cash levels, which explains Taiwan’s low gearing where about 50% of total market cap is Info Tech companies.
Does Government Ownership Make A Company A Better Investment?
As we’ve highlighted in recent weeks, flows to emerging markets have accelerated dramatically in 2017. While the largest recipients of those flows have been in market capitalization-weighted strategies, we believe investors may be overlooking a meaningful risk: the role EM government ownership can have on future returns. Ignoring Risk vs. Managing Risk When investors allocate outside of developed […]
Morning Call For Monday, Oct. 16
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 unch) this morning are up +0.04% at a new all-time nearest-futures high and European stocks are also up +0.04%. Strength in commodity producing stocks is lifting the overall market with Nov WTI crude oil (CLX17 +1.32%) up +1.38% at a 2-week high and Dec COMEX copper (HGZ17 […]
Market Cycle Top?
About four years ago I went to a Bloomberg hosted talk on Market Cycles. I have been wracking my brain and Google trying to find the presentation and speaker name (which was available on line) but I thought the talk interesting enough to market in my Google calendar the date for the New Moon in […]
Commodities Lead Markets Higher In Mid-October
Broadly defined commodities rebounded last week, posting the strongest gain for the major asset classes. The iPath Bloomberg Commodity (DJP) popped 2.6% over the five trading days through Oct. 13. The rise marks the first weekly gain in four weeks, lifting the exchange-traded note to its highest close since April. Nearly all corners of the major […]
Global Stocks Rise Oblivious Of Growing Geopol Risks; Oil, Commodities Jump On Kurdish Clashes
World stocks and commodities rose on Monday, boosted by upbeat Chinese data, while U.S. oil futures jumped to a near six-month high as escalating tensions between the Iraqi government and Kurdish forces threatened supply. Global markets digested the large amount of weekend newsflow, and clearly liked what they saw as S&P futures were modestly in […]
