Author Archive: Jeremy Parkinson

AUD/USD Daily Analysis – Tuesday, January 30

AUD/USD Daily Analysis – Tuesday, January 30

AUD/USD stays above a bullish trend line on its 4-hour chart and remains in the uptrend from 0.7501. As long as the trend line support holds, the fall from 0.8135 could be treated as consolidation of the uptrend and a breakout of 0.8135 resistance could trigger another rise towards 0.8200. Near-term support is at 0.8055. […]
Active Vs. Passive Investing

Active Vs. Passive Investing

Performance matters when it comes to investing. One question that is often asked when it comes to investing is: Active vs. passive investing, which is better? For many years we’ve watched thousands of individuals invest, and the vast majority who tried to make money by picking hot stocks or by market timing end up hurting […]
“This Isn’t A Drill” Mortgage Rates Hit Highest Level Since May 2014

“This Isn’t A Drill” Mortgage Rates Hit Highest Level Since May 2014

A housing bust may be just around the corner. Rates have climbed to a level last seen in May of 2014. Mortgage News Daily reports Mortgage Rates Surge to Highest Levels in More Than 3 Years. The chart does not quite show what MND headline says but the difference is a just a few basis points. […]
EUR/USD, GBP/USD Break Below Shallow 23.6% Fibonacci

EUR/USD, GBP/USD Break Below Shallow 23.6% Fibonacci

EUR/USD 4 hour   The EUR/USD continued with building a bearish retracement as part of a potential wave 4 (purple). Price has slightly broken below 23.6% Fibonacci level of wave 4 vs 3, which could still act as a support level. But a full bearish breakout could indicate that deeper Fibs like the 38.2% and […]
The Confounding US Dollar

The Confounding US Dollar

Markets work to surprise the majority of people, the majority of the time. This is because the average of everybody’s expectations is already embedded in price. Nowhere is this more true, than in the currency markets. Consensus is the ultimate killer of currency trends. The chart above is a perfect example of this, where The Economist magazine cover […]
USD/CAD Daily Analysis – Tuesday, January 30

USD/CAD Daily Analysis – Tuesday, January 30

USD/CAD moved sideways in a trading range between 1.2281 and 1.2391. The sideways move is likely consolidation of the downtrend from 1.2590. Further decline would likely be seen and a breakdown below 1.2281 support could take price to 1.2200 area. The key resistance is located at the falling trend line on the 4-hour chart, only […]
Philadelphia Soda Tax Falls 15% Short Of Target

Philadelphia Soda Tax Falls 15% Short Of Target

Based on final figures for January through October 2017, and preliminary estimates for November through December 2017, the city of Philadelphia is set to fall nearly 15% short of its $92.4 million revenue target for the first full year of its controversial soda tax. Overall, Philadelphia is set to collect $78.8 million from its 1.5 cents-per-ounce tax […]
Will Facebook Finally Break Through $200?

Will Facebook Finally Break Through $200?

Introduction: Facebook (FB) is on tap to report Q4 FY2017 earnings along with its full-year FY2017 numbers. Facebook recently breached the $189 level as earnings approach however recently sold off from these highs following news that Facebook would overhaul its news feed in favor of “meaningful social interactions” verses “relevant content”. I think this news […]
GBP/USD Dips Under 1.40 Amid Growing Brexit Chatter

GBP/USD Dips Under 1.40 Amid Growing Brexit Chatter

The pound remains under pressure. GBP/USD is already over 300 pips below the peak of 1.4345 that was seen last week. Sterling was the big winner last week, taking full advantage of the US dollar weakness, and now it is one of the biggest losers. Update: the pressure mounted and GBP/USD fell below the round […]
How To Surpass The Middle-Income Trap

How To Surpass The Middle-Income Trap

China will surpass the middle-income trap by continuing to implement structural reforms and focusing on economic development. The lesson to other emerging economies is to distinguish good growth policies from self-serving agendas in the advanced West. According to the World Bank, high-income economies ($12,236 or more) include the US, Western Europe, and Japan, while upper […]