Author Archive: Jeremy Parkinson
Dollar Struggles Ahead Of Key Data Release
The US Dollar is struggling in Asian trade and is poised to record a loss for the week ahead of today’s release of US inflation data. That data could help investors gauge future policy for the Federal Reserve. Last month, the FOMC said that it would consider a December rate hike with possibly another three […]
ECB QE Tapering: Somewhere Between 25 To 40 Billion, For 9 Months
The European Central Bank convenes on October 26th and they had promised us some kind of news on the future of the bond-buying program. The ECB currently buys 60€ billion worth of government and corporate bonds a month and this program is set to run until the end of the year. In 2018, Draghi and […]
USDCAD Daily Analysis – Friday, Oct. 13
USDCAD broke below the bullish price channel on the 4-hour chart and is now in downtrend from 1.2598. Further decline would likely be seen in the coming days and next target would be at 1.2300, followed by 1.2061. Resistance is at 1.2598, only break above this level could trigger another rise towards 1.2750.
These Feminist Economists Are Right About GDP
Gross Domestic Product has numerous issues, especially as a measure of national-level standard of living. It is supposed to be a measure of total production and therefore the general health of an economy, but it falls short of this in many ways. In the US, the Bureau of Economic Analysis is responsible for estimating GDP, […]
Brexit News Causes GBP/USD Bearish Break And Bullish Reversal
GBP/USD 4 hour The GBP/USD broke the support trend line (dotted blue) but failed to break below the previous bottom and is now challenging again the resistance zone (red) and Fibonacci levels of wave 4 (orange). A bullish break would change the wave patterns and could indicate a bullish 123 (brown) or larger ABC. The […]
Crude Oil Prices Brace For Trump Speech On US-Iran Policy
Crude oil prices attempted to reverse lower but the down move was arrested by upbeat EIA inventory flow data. The report showed that stockpiles shed 2.75 million barrels last week, an outflow in excess of the 2.04 million drop projected by economists and a far cry from the build foreshadowed in analogous API figures. Traders seemed to be unfazed […]
Indian Indices Continue Momentum; Telecom Stocks Witness Buying
After opening the day on a positive note, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the telecom sector and banking sector witnessing maximum buying interest. The BSE Sensex is trading up 242 points (up 0.8%) and the NSE Nifty is trading up 65 points (up 0.8%). The BSE Mid Cap index is trading up by […]
Oil For Gold – The Real Story
Following an article in the Nikkei Asia Review, which reported China will shortly introduce an oil futures contract priced in yuan, there has been some confusion about what it means. The article pointed out that in combination with existing gold futures priced in yuan, an oil exporter to China contracting to accept yuan could use […]
EUR/USD And GBP/USD Forecast – Friday, Oct. 13
EUR/USD The EUR/USD pair tried to rally initially on Thursday but then turned around to form a slightly negative candle. I think that the market is trying to go higher though, so pullbacks that show signs of support are opportunities to go long, perhaps reaching towards the 1.20 level. That’s an area that should offer […]
Don’t Hold Your Gold In A Swiss Bank
Don’t hold gold in a Swiss Bank or in any bank in any country. We regularly see examples both in medium-sized and big Swiss banks that should make bank clients very concerned. Here are some examples: Client stores physical gold in a bank but when he wants us to organize a transfer to private vaults, […]
