Author Archive: Jeremy Parkinson
Where Next For The EUR/USD Ahead Of Italian Elections?
For longer term euro dollar traders and watchers, the daily chart on the MT5 platform for the EUR/USD is now at a key point, with several strong signals flashing warnings as we approach the Italian elections this weekend, and with still no resolution to the government of Germany. Of course it is normally Italy and […]
Xencor – Chart Of The Day
Something is going on with Xencor (XNCR)? The chart of the day belongs to Xencor (XNCR). I found the biopharmaceutical stock by using Barchart to sort today’s New 52 Week High list first for the highest technical buy signals, then I used the Flipchart feature to review the charts for consistent price appreciation.Since the Trend Spotter signaled a buy on 2/14 […]
Cautious On Bitcoin, Bullish On Blockchain?
Cryptocurrencies are all the rage. Their prices rallied significantly in 2017, bringing the total market capitalization to nearly $500 billion. But we don’t see them becoming part of mainstream investment portfolios soon. Crypto markets are highly volatile, fragmented, largely unregulated, and come with unique liquidity and operational risks. Cryptocurrencies have had wild price swings. […]
Latest Richmond Fed Non-Employment Index Shows US GDP At Or Close To Potential
The Richmond Fed has released the latest reading of its Hornstein-Kudlyak-Lange Non-Employment Index (NEI). At 7.93 percent, the NEI has now fallen below its pre-recession minimum of 7.99 percent, reached in March, 2007, and it is fast approaching the value of 7.70 percent reached in October 2000, just before the 2001 recession. Data for the NEI are […]
GBPJPY To 146?
Sterling was the day’s worst performer, losing nearly 1% of its value against the U.S. dollar. Brexit negotiations have taken a turn for the worse and could quickly turn into a political crisis for Prime Minister May. The EU released a draft of its Brexit agreement and in it they proposed a “common regulatory […]
The Albatross Of Debt: The Wall Street “Truman Show” And Why The Yield Shock Is Not Priced-In, Part 5
Market Talk – Wednesday, February 28
After the weak US retracement the DOW (futures) spent much of the Asian session around the mid 25,500 level. But, interesting that as we have been highlighting for a few weeks here that the DXY looking to be bottomed on time. Jerome Powell’s comments obviously shook markets, but worth comparing currency weighted equity index movements. […]
Short Setups Currently In Play
Stocks over the last couple of days have not looked all that healthy. As a result we are seeing intraday gains get wiped out in dramatic fashion and the while the market has bounced in a big way in the second half of the month, many of the stocks are not keeping up with it. […]
Inflation Is In The Rear-View Mirror
43 percent of credit card holders carry a balance. Delinquencies are rising. It’s a deflationary debt trap. Revolving Credit Hits New Record High In December, revolving debt has topped the previous high-water mark of $1.021 trillion set in April of 2008. Debt as of December 2017 (the latest available) is $1.028 trillion. Relationship Killer In […]
Q4 Real GDP Per Capita: 1.74% Versus The 2.54% Headline Real GDP
The Second Estimate for Q4 GDP came in at 2.5% (2.54% to two decimals), down from 3.2% in Q3. With a per-capita adjustment, the headline number is lower at 1.74% to two decimal points. Here is a chart of real GDP per capita growth since 1960. For this analysis, we’ve chained in today’s dollar for […]
