Author Archive: Jeremy Parkinson
Sensex Ends In Red On Post Noon Sell-off; Realty & Metal Stocks Drag
Indian share markets in India turned negative in the noon deals with the Nifty50 slipping below its crucial 10,050 mark. At the closing bell, the BSE Sensex closed lower by 90 points. While, the NSE Nifty finished lower by 32 points. Meanwhile, the S&P BSE Midcap Index finished down by 0.9% while the S&P BSE Small Cap Index ended down by 1.2%. BSE sector […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, Oct. 11
WTI Crude Oil The WTI Crude Oil market rallied rather significantly during Tuesday’s trading session, breaking well above the $50 handle. However, we remain just below the $51 level, an area that I think will continue to be resistive. If we can break above there, then the market should go towards the $52.50 level. That’s […]
S&P Futures Flat, Spain Rebounds, Nikkei Closes At 21 Year High
S&P 500 futures point to a slightly lower open, as Asian stocks rise to trade near decade highs, with Japan’s Nikkei 225 closing at highest since 1996. European stocks are little changed, with Spanish shares gaining after Catalan President rows back from an immediate declaration of independence. MSCI’s all-world stocks index briefly hit a fresh […]
Equifax Confirms 15.2m Customers In Europe Were Hacked
Equifax’s European unit confirmed today that a file containing 15.2M United Kingdom records dating from between 2011 and 2016 was ‘illegally compromised.” The company said in a blog post, “Regrettably this file contained data relating to actual consumers as well as sizeable test datasets, duplicates and spurious fields. Equifax has brought every analytical tool, technique […]
Markets Looking For A New Focus
The US dollar is consolidating after retreating since reversing lower following the US jobs data at the end of last week. While the greenback has largely been confined to yesterday’s ranges against the major currencies, the euro has made a marginal new high, briefly trading through the $1.1830 area noted yesterday. Spanish assets are rallying following […]
Relief Rally For The Euro
The recovery and move higher for the euro is being driven by one sentiment. Relief. Relief that for the time being, the Catalan situation has been pushed to the back burner, and whilst this may be true in the short term, longer term the situation in Spain remains a thorny issue and one which has […]
EUR/USD Continues Drifting Higher Spain’s Response Is Awaited
Catalonia’s President Carles Puigdemont said that the region earned the right to independence but suspended the decision in order to open the door for a dialog. The speech left many people confused. Is it a climb-down? Will Spain accept a dialog? It seems that at least for now, tensions are lower. EUR/USD reacted positively and continues […]
Is The Market A Hot Air Balloon?
The U.S. market made new highs yesterday (in the DJIA). Certainly, the market makers are fueling the balloon with fire. My radar screen looks as colorful as these balloons. Stocks such as JetBlue (JBLU) roared into an unconfirmed Recovery Phase. Other stocks such as TripAdvisor (TRIP) and Pandora (P), fell hard. The Modern Family all […]
U.S. Crude Oil Exports To The World And China
In December 2015, the U.S. Congress voted to lift its four decade-long ban on the export of crude oil from the United States to other nations. In the following chart, you can see how monthly exports of crude oil have changed since that arbitrary restriction on trade was lifted, where we’ve focused on both the U.S.’ total exports of […]
Tightening Oil Market Sends Prices Higher
Oil prices were higher on Wednesday, extending Tuesday’s 2 percent gains on expectations that markets are finally tightening after struggling with oversupply for the past few years. Data expected out later on Wednesday and on Thursday is expected to support the upwards price direction at least for the short-term, though analysts still question whether this […]
