Author Archive: Jeremy Parkinson
GBP/USD: Pound Unlikely To Receive A Boost From PM Speech On Friday
GBP/USD dropped as Fed Chair Jerome Powell hinted of raising the dot-plot to four hikes. The dollar went up and cable dropped. For the pound, the next big event is the speech by PM Theresa May on Friday. Can that lift the pound? Here is their view, courtesy of eFXnews: BTMU Research discusses GBP/USD outlook into Fridays’ […]
Market Reacts To Chairman Powell With Key Reversal
Video length: 00:09:34 New Fed Chairman Powell testifies in front of Congress for the first and the markets didn’t react well to what he had to say. Watch the video now to find out the types of trades you should be looking to place in a volatile market environment…
E Bond Vigilantes, Liberty Street Fed Collateral Study, And Art Cashin
Art Cashin clarified the limits of volatility, as his statement about the 3 percent barrier to 10-year bond yields caused yields to decline. I don’t know if the barrier is permanent and an accurate measure, or if breaking it a little bit would not cause chaos. But clearly, owners of stocks and bonds took Cashin seriously, and […]
GDX, Silver, And Novo
(Audio length 00:10:47) The Junior Miner Junky David Erfle shares his thoughts on some levels to watch for GDX during this pullback. We also discuss silver and a reason why he is more optimistic for this PM over gold. With the vast majority of metals stocks down today Novo closed up over 15%. You bet […]
WTI/RBOB Extend Losses After Crude Inventory Build
WTI/RBOB prices sank today (amid OPEC and IEA comments and a dollar spike) ahead of tonight’s inventory data. Following last week’s surprise draw, API reported a crude build this week (though smaller than expected) and along with another gasoline build, sent energy prices lower. API Crude +933k (+3mm exp) Cushing -1.277mm (-1.2mm exp) Gasoline +1.914mm Distillates -1.473mm […]
USDJPY – Back To 108.00?
In his first testimony in front of Congress, Jerome Powell handles himself with aplomb, proving to be able stewart of the US monetary policy while handling the often inane questions from politicians with admirable restraint. Although Mr. Powell offered no new insights into US monetary policy, he did state that he thought that the US […]
Fear The Terminator
The problem with prolonged stagnation is that the costs associated with it are not strictly economic in nature. There is, of course, the substantial loss in terms of opportunity cost or output that should have happened. But more than that, any society caught within the viselike grip of such malaise is a frail one subject […]
AutoZone: We Had High Hopes
You may recall that we had high hopes for AutoZone, and projected a great fourth quarter because winter was looking like it was going to be incredibly harsh. Well, as it turns out, our call for the weather was correct, but performance was lack luster. In this column we address the performance of the name and […]
Market Talk – Tuesday, February 27
Not such a convincing day today for Asia as Shanghai and Hang Seng returned yesterday gains, whilst the Nikkei and ASX added to the move. Both the mainland and HSI attempted gains but were quickly rejected soon after the open. These moves have reversed only some of the recent gains but probably expected ahead of […]
Some Bullish Trade Setups To Watch
Looks like the S&P 500 is on track for its first negative return since March of 2017. Sure, we could rip off another monster rally tomorrow, but the odds are not favorable for finishing in the green. But give this market some credit, considering that it was trading about 9% lower than where it where […]
