Author Archive: Jeremy Parkinson
Asian Shares Rally – Gold Falls As Markets Breathe Heavy Sigh Of Relief
The “no apocalypse” relief trade is in full effect now. Having manifested itself early in a dollar rebound and yen weakness, things are getting underway in earnest and the risk-on move is gathering some steam (although as sure as I write this it will turn on a dime). Here’s the Kospi: And the Nikkei: Meanwhile, Treasury […]
Economic Forecast 2018-2019: Consumer Spending Grows Slowly
Shutterstock Consumer spending is an important part of the economic forecast, though not the whole story. To predict future spending, I look at consumer incomes, pent-up demand, interest rates and credit availability, and attitudes. But attitudes are mostly derivative from the fundamentals. When incomes are up and unemployment is low and interest rates are low […]
Gold Faces Pullback Threats Despite Bull Pressure
Gold: The commodity looks to weaken further following its Friday price rejection. On the downside, support comes in at the 1,340.00 level where a break will turn attention to the 1,330.00 level. Further down, a cut through here will open the door for a move lower towards the 1,320.00 level. Below here if seen could […]
EU Accuses UK Of Backtracking: UK MPs Threaten To Block Divorce Payments
Brexit negotiations hit the rocks with the size of the Brexit divorce bill the key issue. The Independent reports: Britain is ‘backtracking’ on its Brexit divorce bill commitments, moans Michel Barnier, the EU’s chief negotiator warns. My response: Hooray for the UK! Michel Barnier said he was “disappointed” by the UK position and publicly warned the […]
AAPL Sends The Nasdaq Lower
Apple Sells Off The stock market ended Friday mixed as the Nasdaq was the biggest sore spot, falling 0.59%. As I highlighted in previous articles, Apple (AAPL) usually falls right before the unveiling of its new phone. The 1.63% decline on Friday added to the Nasdaq’s woes. The stock is now down 3.30% off its […]
Trading Support And Resistance – Sept. 10
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the […]
“Shock Event” For 3 Top Insurance ETFs
Price on three top Insurance ETFs has been dropping since mid-August, as shown on the following daily charts of IAK, KBWP and KIE. In the process, they made some extreme lower swing lows on each of their respective three technical indicators, suggesting that further weakness lies ahead. As of Friday’s close, they are trading around their 200-day moving averages, so failure to regain an upward […]
EUR/USD To Stay Bid Ahead Of FOMC As ECB Unveils Post-QE Game Plan
Fundamental Forecast for Euro: Bullish EUR/USD climbs to fresh 2017-highs even as the European Central Bank (ECB) sticks to its current policy, with the pair at risk of extending the advance from earlier this month should key data prints coming out of the U.S. economy continue dampen expectations for three Fed rate-hikes in 2017. The fresh remarks […]
Emerging Markets: What Has Changed- Sunday, Sept. 10
In the EM equity space as measured by MSCI, Brazil (+3.1%), Russia (+1.8%), and Colombia (+1.3%) have outperformed this week, while South Africa (-2.0%), Poland (-2.0%), and Turkey (-1.9%) have underperformed. To put this in better context, MSCI EM rose 0.1% this week while MSCI DM was flat. In the EM local currency bond space, […]
