Author Archive: Jeremy Parkinson
DXY Losing Bullish Posture, Broad US Dollar Outlook Turns Neutral
Video Length: 00:07:14 The past 24-hours have proved disappointing for the US Dollar, as the Federal Reserve’s September meeting minutes revealed a deeper concern about low inflation among a wider array of policymakers than otherwise expected. This development offsets the otherwise hawkish implication that many officials foresaw a 25-bps rate hike coming in December. The […]
EC Can A Modern Central Bank Still Be A “Banker’s Bank”?
Answer: No. And not for reasons of policy or politics, but of national character — that is, what remains of such. For, once upon a time in the early history of modern banking, a common belief among all rational analysts of the system was an aversion to what was then referred to in those rose-tinted […]
Oil: Down The Shale Hole
While OPEC and The Energy Information Administration raising its outlook for demand and lowers its projection for global Non-OPEC production, The International Energy Agency(IEA) releases a report that shows that tries to talk down demand next year admit they underestimated demand this year. The IEA seems to want to talk down prices once again because […]
Bogle, Buffett, Shiller & Tobin – Valuations Are Expensive
During my morning reading, I ran across a couple of very interesting articles that tied a common theme relating to the current risks in the financial markets. Via Zerohedge: 88-year-old investing icon John “Jack” Bogle, founder of the Vanguard Group, said: “The valuations of stocks are, by my standards, rather high, but my standards, however, are high. […]
Despite Uncertainty Pound Edges Up
The Pound Sterling inched higher against a lackluster US Dollar despite uncertainty over the Brexit negotiations. Analysts concur that the Pound’s rise is largely a factor of the greenback’s relative weakness at this time and that the GBP/USD pair is without direction. Markets are awaiting the latest economic news out of the UK to help […]
Sensex Surges In Afternoon Session; Metal Stocks Top Gainers
After opening the day in green, share markets in India witnessed buying an interest in the afternoon session and ended the day strong. Gains were seen across most sectors with stocks in the metals sector and stocks in the FMCG sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 348 points (up 1.1%) and the NSE Nifty closed higher […]
What Investors (And Their Advisors) Can Learn From Monty Hall
The recent death of Monty Hall, host of “Let’s Make a Deal,” is a reminder of a famous logic problem. The Chicago Tribune’s Eric Zorn has a nice article trying for “an airtight explanation of the solution that will forever put an end to the controversy surrounding the poser that bears his name”. Here is his description […]
Morning Call For Thursday, Oct. 12
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.21%) this morning are down -0.15% and European stocks are down -0.19% as weakness in crude oil prices drags energy stocks lower. Nov WTI crude oil (CLX17 -1.54%) is down -1.54% after API data late Wednesday showed that U.S. crude stockpiles rose +3.1 million bbl last week. […]
USD/JPY And AUD/USD Forecast – Thursday, Oct. 12
USD/JPY The US dollar had a volatile session as one would anticipate on Wednesday, with the FOMC Meeting Minutes coming out. Because of this, we tested the 112 level, which continues to be supportive. Looking at the last several candles, I see a couple of hammers, and of course a couple of shooting stars. This […]
GBP/USD Falls As Brexit Talks Hit A Deadlock
The bounce that the pound enjoyed was never meant to last. There was a temporary breather and now GBP/USD is plunging once again. Chief EU negotiator Barnier says that the negotiations about the UK’s exit from the EU have reached a deadlock over Britain’s divorce deal. While May’s Florence speech provided some momentum, the lack of clarity on the […]
