Author Archive: Jeremy Parkinson
DAX – Tuesday, September 12
12,400 failed as first Fib resistance. 12.530 is next. Source: INVESTING.com
Three Cloud Stocks To Buy Right Now
In the matter of just a few years, “the Cloud” has evolved from the new feature that your grandmother just can’t quite seem to understand to one of the main factors driving growth in the technology sector. Cloud computing is now an essential focus for software-related companies, and cloud stocks have piqued the interest of […]
EUR/USD: Unclear Situation Around The Trend Line
Previous: On Monday, the euro/dollar rate closed down. The US dollar strengthened across the board thanks to a rise in US bond yields. Due to correctional movements and an empty economic calendar, buyers were beaten back to 1.1950. Now let’s look at Tuesday’s technical picture. Day’s news (GMT+3): 04:30 Australia: NAB business conditions (Aug). 11:30 […]
Forget Tulips & Bitcoin – Here’s The Real Bubble
While the broader market for Swiss stocks has risen modestly this year, one ‘entity’ has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation. And that company is…the Swiss National Bank. The price of a share in Swiss National Bank in August rose above 3,000 francs ($3,143) […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, September 12
WTI Crude Oil The WTI Crude Oil market initially fell on Monday, but turned around to form a hammer as word got out that disruptions weren’t going to be as big of an issue with demand, and that of course helped the market. By doing so, it looks as if we could go looking for […]
Above The 40 – The S&P 500 Hits Fresh All-Time High On Tension Relief
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 51.1% of stocks are trading above their respective 200DMAsVIX = 10.7 (down 11.5%)Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the likely economic damage from Hurricane Irma, the possible […]
Hawkish BoC, Better Than Expected Jobs Report Pushes CAD Higher
The Canadian dollar strengthened for a fourth consecutive week against the US dollar, rising over 2% by Friday’s close. USD/CAD fell to a two-year low on Friday as price tested lows of 1.2061. Further gains can be expected from the USD/CAD as the economy continues to push ahead at full steam. BoC hikes interest rates […]
U.S-China Trade Before The Storm
Although it only lasted from 17 August 2017 through 2 September 2017, Hurricane Harvey will have an impact on trade between the U.S. and China. The reason why has everything to do with its impact on Texas’ ports, like Corpus Christi, where crude oil is loaded onto large container ships whose destination is China. The meteoric […]
How Retailers Are Countering Amazon’s Growing Dominance
With technology having advanced in leaps and bounds, online shopping has become the order of the day. Thanks to the various mobile apps and dot.com businesses, shopping for anything is literally on consumers’ finger-tips. Talking of e-Commerce, Amazon.com Inc. (AMZN – Free Report) is undoubtedly the first name to pop-up on anyone’s mind. Obviously, consumers’ rapid shift to e-marketplace […]
Dollar Sports Heavier Tone As Yesterday’s Bounce Runs Out Of Steam
Several developments have attracted our attention, but the key take away is that the global capital markets have stabilized after appearing downright frightful at the end of last week, as stocks, yields, and the dollar plummeted. Equities rallied om Monday and there was follow through buying in Asia on Tuesday. The US S&P 500 gapped higher […]
