Author Archive: Jeremy Parkinson
A Desperate OPEC Asks US Shale For Help In Cutting Oil Output
While OPEC has been presenting an optimistic facade in recent months, repeating at every opportunity that the global oil market is “rebalancing” and demand is rising, the oil production cartel made a rare slip today when it addressed what should not be named in public: US shale production. Speaking on Tuesday, OPEC Secretary General Mohammed […]
Global Outlook Improves
from the Dallas Fed — this post authored by Daniel Crowley Recent data on global gross domestic product (GDP) growth point to a modest and broad-based increase in real economic activity. In the Federal Reserve Bank of Dallas’ Database of Global Economic Indicators (DGEI), world GDP growth (excluding the U.S.) was 3.5 percent in the […]
U.S. Dollar Drops Ahead Of FOMC Minutes; EUR/USD, GBP/USD Catch Bids
In yesterday’s article, we looked at the U.S. Dollar being in a rather precarious position after tagging a key zone of resistance to finish off last week. Of course, last week ended on a rather sour note as Non-Farm Payrolls printed with the first contraction in over seven years (September, 2010). While this is being discounted to a degree, […]
Indian Fashion E-Tailer Yepme Looks Shaky
According to a joint study by the global Boston Consulting Group (BCG) and Facebook, the online fashion market is currently worth about $4 billion or 5% of the Indian fashion retail industry. By 2020, about $30 billion of the Indian fashion industry is expected to be digitally influenced. Yepme is an online fashion player looking to make […]
Eli Lilly Downgraded To Neutral From Outperform At Credit Suisse
Credit Suisse analyst Vamil Divan downgraded Eli Lilly to Neutral saying the valuation looks full with the shares up 13% since mid-August. The analyst sees limited drivers for further upside. He expects Lilly’s sales growth to be flat in 2018 due to patent expiration before returning to growth. Divan keeps an $88 price target for […]
NZD/USD Short-Term Elliott Wave Analysis
NZDUSD Short term Elliott Wave view suggests the decline from 9/20 peak remains in progress a zigzag Elliott Wave structure. Down from 9/20 high (0.7434), pair ended Minor wave A at 0.7165. Subdivision of Minor wave A unfolded as 5 waves impulse where Minute wave ((i)) of A ended at 0.7276 and bounce to 0.7362 ended Minute wave ((ii)) of […]
EC ‘The Biggest ETF In Town’
One of the key dynamics to grasp when it comes to explaining why global equities and credit have rallied to nosebleed levels is the interplay between central bank liquidity and passive flows. This is a world where central banks have created a global hunt for yield and then supercharged it by working on both the […]
London House Prices Are Falling – Time To Buckle Up
London house prices fall in September: first time in eight years– High-end London property fell by 3.2% in year– House sales down by over a very large one-third – Global Real Estate Bubble Index – see table– Brexit, rising inflation and political uncertainty causing many buyers to back away from market– U.K. housing stock worth record £6.8 […]
Bitcoin Flash-Crashes On Russia ‘Ban’ Headlines
After weeks of uncertainty surrpunding Russia’s plans for cryptocurrencies, local news outlet RBC reports overnight that Bank of Russia is working with the country’s general prosecutor to block all exchanges offering Russians the opportunity to buy and sell cryptocurrency. As CoinTelegraph reports, first deputy of the central bank, Sergey Shvetsov, said during an international finance forum in Moscow: […]
US Dollar Uptrend Dented As Euro, Pound Find Reasons To Rally
The US Dollar finds itself down for a third straight day mid-way through the European session on Tuesday. The shift lower by the greenback seems to be due to forces beyond its control, as the underlying factors of the DXY Index’s recent rally – the rise in US Treasury yields on the back of Fed […]
