Author Archive: Jeremy Parkinson
Weekend Reading: $7 Trillion To Manipulate Prices
As the stock market continues to press new highs, the level of optimism climbs with it. I discussed yesterday Richard Thaler’s, a recent recipient of the Nobel Price in Economics, comments about not understanding the current “irrationality of investors relating to their investing behavior.” What is interesting is that Thaler’s received his Nobel Prize for his pioneering work in […]
EURUSD: Drop To 1.1796 Expected
Previous: On Thursday the 12th of October, trading on the euro/dollar currency pair closed down. The rate fell from 1.1880 to 1.1827. At the beginning of the European session, the euro dropped further as the dollar rose across the board. It then received some support from the euro/pound cross following reports that Brexit talks had hit […]
Mixed Messages From The Fed On The December Hike
Markets are pricing in a rate hike by the Fed in their last meeting of the year in December. This is in line with the dot-plot published in September and also Yellen’s insistence to hike despite the frustratingly low inflation. Ahead of the highly anticipated inflation report later today, we heard from two Fed officials. Their messages […]
WTI Crude Oil And Natural Gas Forecast – Friday, Oct. 13
WTI Crude Oil The WTI Crude Oil market fell significantly during the day on Thursday, testing the $50 level for support. We found it, and turned around to form a bit of a hammer. The hammer of course is a bullish sign, so I think we could bounce from here and try to go towards […]
AUDUSD Daily Analysis – Friday, Oct. 13
AUDUSD’s bounce from 0.7732 extended to as high as 0.7838. Further rally to test 0.7875 resistance is still possible, above this level would confirm that the downtrend from 0.8124 had completed at 0.7732 already, then the following correction rebound could take price towards next resistance level at 0.7986. On the downside, as long as the […]
Stock Exchange: Can Model-Based Trading Beat The Market?
Review Considering the many thousands of publicly traded securities, most traders have a preferred process to sift through the universe. If you missed it, a glance at your news will show that the key points remain relevant. This Week: Can Model-Based Trading Beat The Market? The advantages of model-based trading seem clear. For example, models […]
Nikkei’s Secular Bear Continues: 28 Years And Counting
Excited headlines this week point out that after rising some 26% in the past 12 months, Japan’s Nikkei 225 stock index hit a 21 year high, rebounding to just under 21,000. The below chart of the Nikkei since 1990 shows the reality of the Japanese stock market, still some 46% below its last ‘everything bubble peak’ at […]
How Amazon’s Accounting Makes Rich People’s Income Invisible
Written by Steve Roth Imagen you’re Jeff Bezos, circa 1998. You’re building a company (Amazon, AMZN) that stands to make you and your compatriots vastly rich. But looking forward, you see a problem: if your company makes profits, it will have to pay taxes on them. (At least nominally, in theory, 35%!) Then you and your […]
European Bonds – Warning Knell Or Cause For Celebration?
Writing, as government bond yields for peripheral European markets peaked in Macro Letter – No 73 – 24-03-2017 – Can a multi-speed European Union evolve? I felt that another Eurozone crisis could not be ruled out:- The ECB would almost certainly like to taper its quantitative easing, especially in light of the current tightening by […]
Weekly Commodities Wrap: Precious Metals Rise On Weaker USD & Geopolitical Concerns
Gold: Fed’s Inflation Concern Fuels Gold Rally Following a decline which lasted four consecutive weeks, the price of Gold rebounded this week to recoup some of its losses, helped mostly by a weaker US Dollar. The release of the FOMC minutes sparked some covering of recent longs in the Dollar as they showed that many […]
