Author Archive: Jeremy Parkinson
Japanese Yen May Weaken As Risk Appetite Recovers
The New Zealand Dollar underperformed in otherwise quiet Asia Pacific trade, hurt by political uncertainty as the ruling National and opposition Labour parties attempt to craft a ruling coalition following an inconclusive general election. Either side could cobble together a Parliamentary majority with the help of the nationalist NZ First grouping. Its leader Winston Peters has until […]
EUR/USD: Test Of The B-B Channel Expected
Previous: On Friday the 6th of October, trading on the euro closed up. Before the US data was released, the euro/dollar pair was trading within a 30-pip range of 1.1686 to 1.1716. Volatility on the pair surged as the NFP report was being published. The rate initially reacted with a 40-pip drop to 1.1670, followed by […]
Netflix Price Target Raised To $228 From $212 At Loop Capital
Loop Capital analyst David Miller raised his price target for Netflix shares to $228 ahead of the company’s Q3 results on October 16. The streaming service closed Friday up $3.63 to $198.02. The analyst expects Netflix to report net subscriber additions of 4.37M in Q3. The price raises announced last Thursday on the two premium […]
Good, Bad And Ugly NFP, Catalan Crisis Update
The messy jobs report provides another mystery, in addition to the absence of inflation. We begin with run-down of the NFP and the implications for the Fed, continue with the Catalan crisis and preview the upcoming events. NFP analysis: The hurricanes totally distorted the jobs report. A rare drop in the number of positions was […]
September 2017 Letter To Investors
September was a solid month for the Dividend Growth portfolio, as it retuned 1.02% for the month. This underperformed the 1.93% return for the S&P 500, but the portfolio also started the month with a larger-than-usual allocation to cash. The portfolio remains moderately cash heavy, with 10% allocated to cash as of month end. But as we […]
Monday Oct. 9 Outlook
Welcome to the weekly outlook starting this Monday, October 9. We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. It’s a heavy data week ahead with plenty of action across all global markets. Keep an eye also on Friday as key inflation figures are due for the US […]
EURGBP’s Correction Rebound Extended To 0.8992
EURGBP extended its upside movement from 0.8746 to as high as 0.8992, breaking above a major resistance level at 0.8899, indicating that correction for the downtrend from 0.9306 is underway. Further rise is still possible in the coming days. EURGBP 4-hour Chart The EURGBP pair stays in a bullish price channel on its 4-hour chart. […]
Weekly Economic & Political Timeline – Monday, Oct. 9
This week will see a similarly weighty yet thin news agenda like last week, with some items of key U.S. economic data due towards the end of the week starting on Wednesday. There is no Central Bank input coming from any other source. The market will probably be most active on Friday. Monday is a […]
Above The 40 – Stock Market Lift-Off
AT40 = 73.8% of stocks are trading above their respective 40-day moving averages (DMAs) – overbought day #7AT200 = 59.7% of stocks are trading above their respective 200DMAsVIX = 9.7Short-term Trading Call: bullish Commentary This is what a lift-off for an extended overbought rally looks like. The S&P 500 (SPY) followed its upper-Bollinger Band (BB) the entire week […]
Brexit Disaster Looms As UK Government Power Struggle Erupts
UK voters were never very bothered about membership of the European Union (EU) before the Brexit vote last year. Opinion polls instead showed they shared the general feeling of voters everywhere – that their country was heading in the wrong direction, and it was time for a change. Now, last week’s Conservative Party conference showed that […]
