Author Archive: Jeremy Parkinson
Sterling Pressured By Renewed Brexit Concerns
As reported at 9:48 am (GMT) in London, the GBP/USD was trading lower at $1.4414, down 0.33%; the pair has ranged from $1.4375 to $1.4467 in today’s trading session. The GBP/EUR was lower at 0.7811 Pence, a gain of 0.25% for the Euro; that pair was trading within a band of 0.7789 Pence and 0.7825 […]
USD Recovers Ahead Of More Fed Speak, Home Sales
CIBC is not alone, thinking the dollar’s fall was an overreaction. While the road to recovery may be hard, the team at Goldman Sachs sees the greenback rising: Here is their view, courtesy of eFXnews: Over the past year, the Fed has repeatedly arrested the Dollar rise and this week’s FOMC, with the shift in rhetoric […]
The Top 4 Trading Assets Of The Week
Quick Recap of Global Economic New…… Much of the global economic focus is on the Fed interest-rate decision, the UK Budget and the state of the Chinese economy. The trading activity that we are going to discuss in this week’s post will tackle the hard issues facing these countries and how traders can benefit from […]
Today’s Trading Plan: Going For Six Straight Weeks
Technical Outlook: SPX rallied on Friday for a third straight day following the FOMC Statement. The downtrend off of the November highs has been tested but not broken. A minor rally today would lead to a break of that downtrend. Russell broke out of its bull flag pattern after lagging the market early on last […]
Weekly Market Outlook – 12% Up From Lows, Where To Now?
Weekly Market Outlook – March 21, 2016 We just completed the fifth straight bullish week for the market. The S&P 500 (SPX) (SPY) advanced 1.35% last week, clearing a couple of key resistance lines in the process. Yet, other resistance lines have yet to be hurdled, and could end up being problems that work against stocks now […]
China’s Latest Problem: Half A Trillion Dollars In Unpaid Bills
It’s no secret by now that China has a rather serious debt problem. Although getting a precise read on it is next to impossible, all told the debt pile probably sums to something like $30 trillion. Various reports put the figure at between 250% and 300% of GDP all-in and as we reported back in January, that […]
Valeant Downgraded To Equal Weight From Overweight At Barclays
Barclays analyst Douglas Tsao downgraded Valeant Pharmaceuticals (VRX) to Equal Weight from Overweight and cut his price target for the shares to $34 from $135. The drugmaker closed Friday down 9%, or $2.71, to $26.98. Tsao admits he underestimated the “lasting consequences” of Philidor as well as the near-term impacts of the company’s Walgreens (WBA) […]
Forex Ranking, Rating And Score For Week 12 – 20 March 2016
When looking at the Top 10 in the Weekly Ranking and Rating list we can see that for the coming week the following stronger currencies are well represented for going long: CHF(3X) with the AUD(3X) followed by the JPY(2X). The weaker currencies are the GBP(4X) followed by the USD(3X) and the NZD(2X). Nice combinations for coming week […]
Markets Post Across-The-Board Gains For A Fifth Week
Positive momentum prevailed again last week for the major asset classes, based on a set of proxy ETFs. For the fifth consecutive week through Friday, Mar. 18, the risk-on trade delivered another round of profits across the board. The trailing one-year period still reflects plenty of damage, but the red-ink brigade continued to retreat on this […]
Bullet Report – Dollar Still Under Pressure
EUR/USD hit 1.1250 in early Asia, but lacks momentum to test/take out 1.1293. The currency pair trimmed gains from 1.1285 to trade around 1.1270 levels. Trading Central prefers long positions above 1.1240 with targets @ 1.1305 GBP/USD finds itself under pressure as it heads towards 1.4410. 1.4470 looks to be the main resistance right […]
