Author Archive: Jeremy Parkinson
Banks Or Bust: The Tone For Q3 Earnings Season Will Be Set This Week By Financial Institutions
(Photo Credit: Kristen Cavanaugh) Quarterly reports for the major banks are set to start releasing results this week, and there are some positives to take away for the upcoming earnings season. JPMorgan & Chase Co – Financials – Diversified Financial Services | Reports October 12, BMO Despite the stagnancy last year, things are starting to look upwards for […]
Sensex Trades Marginally Higher; FMCG Stocks Among Top Gainers
After opening the day in green, share markets in India witnessed choppy trades and are presently trading marginally above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the FMCG sector and the metals sector witnessing maximum buying interest. Stocks in the banking sector and the PSU sector are trading in the red. The BSE Sensex is trading up by 70 points […]
Gold Price Recovery May Stall Near $1300/Oz On US PPI Data
Gold prices rose as minutes from September’s FOMC meeting revealed many Fed officials remain worried that recently low inflation is not temporary. That seemed to pour a bit of cold water on rate hike speculation, sending the US Dollar and front-end Treasury bond yields lower. Not surprisingly, this proved helpful for non-interest-bearing and anti-fiat assets epitomized by the yellow metal. September’s US PPI data is next on […]
Can A Company Be Great And A Great Short?
One of the fascinating things about financial bubbles is how they transform great companies into screaming short sale candidates. Put another way, bear markets tend to throw even the prettiest babies out with the bathwater. Here, for instance, is what happened to Cisco Systems, the dominant maker of networking gear (the devices that run the […]
German DAX Inches Higher; Hits Pre-German Election Target
The German DAX has continued to post steady trend in the past few weeks. Despite the mixed reaction to the German elections in late September, the leading German index managed to hold on to the gains. After breaching past 12669.0 levels, the German DAX index has hit the target level to the upside as outlined […]
Market Shot – FOMC Hints Strongly Toward December Rate Hike
Yesterday the FOMC stopped acting like a bashful debutante – giggling behind a gloved hand at the mention of “interest rate hike”. Although it seems that the Fed may still be divided about inflation – saying that they would be watching inflation data closely before any interest rate decision is made – the meeting’s minutes […]
AUDUSD Daily Analysis – October 12, 2017
AUDUSD broke above the bearish trend line on the 4-hour chart, suggesting that lengthier consolidation for the downtrend from 1.8124 is underway. A further rally would likely be seen and next target would be at 0.7875. As long as 0.7875 level holds, the downtrend could be expected to resume, and another fall towards the resistance-turned-support trend […]
Walmart Puts Pressure On Amazon
The share buyback by Wal-Mart was a big move but competing with Amazon is a higher priority. Video Length: 00:02:12 Should Wal-Mart have used cash pile to take on Amazon? from CNBC.
ECB Will Give 2018 QE Policy Update On October 26th
This year, the two monetary policy aspects we’ve been focused on the most are President Trump’s decision on who the Fed chair will be and what the ECB will do with the CSPP (corporate sector purchase program) and the PSPP (public sector purchase program). The big decisions are both going to happen in the next […]
GBP/USD ABC Zigzag Arrives At Key Fibonacci Resistance Zone
GBP/USD 4 hour The GBP/USD bullish channel (blue/orange lines) is challenging the Fibonacci levels of wave 4 (orange). A break above the 61.8% Fib makes a wave 4 less likely and could indicate a larger bullish reversal. In that case, an ABC (green) correction has probably occurred. However, a failure to break the resistance zone […]
