Author Archive: Jeremy Parkinson
Sensex Begins Week On A Flat Note; Indiabulls Real Estate Soars 40%
Indian share markets began the trading week marginally lower dragged by metal stocks, power stocks and PSU stocks. The sentiments also remained frail on account of weak Asian markets. At the closing bell, the BSE Sensex stood lower by 48 points, while the NSE Nifty finished down 12 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up by 0.2% and 0.5% respectively. […]
EC Angst In America, Part 4: Disappearing Pensions
“Companies are doing everything they can to get rid of pension plans, and they will succeed.” – Ben Stein “Lady Madonna, children at your feet Wonder how you manage to make ends meet Who finds the money when you pay the rent? Did you think that money was heaven sent?” – “Lady Madonna,” The Beatles […]
A Short History Of The Post-WWII Oil Price, From A Technical Perspective
This is part I of a 3-part series introducing Plunger’s “Trade of the Year”. This section gives a review of the oil price from 1946 to present explaining the essential forces which powered its price through various bull and bear markets. It explains how we ended up where we are today in the oil market. […]
The S&P 500 In Week 3 Of April 2017
The third week of April 2017 had bigger negatives than positives for the U.S. economy and markets, with stock prices behaving accordingly during the week. In this case, we think that those negatives led investors to bet that the Fed would delay the timing of its next expected rate hikes into the third quarter of […]
Easter Monday Blues For The US Dollar
Trading remains thin on Easter Monday. While more markets are open in comparison to Good Friday, volume remains low. This does not prevent the markets from moving, and it is against the US dollar, which was previously hit by Trump. There are several geopolitical tensions that can explain the rise of the safe-haven Japanese yen, but why are […]
Markets Trying To Stabilize In Holiday-Thin Activity
Financial centers in Europe are closed for the extended Easter holiday. Australian and New Zealand markets were also closed. The drop in US 10-year Treasury yields in early Asia, with a brief push below 2.20%, appears to have kept the dollar under pressure. As the North American market prepares to open, the dollar is softer against the all […]
E Elliott Wave Analysis: USDCHF Trading In A Bullish Impulse
On the updated chart of USDCHF we see the pair made a sharp and strong recovery from 0.9813, as an indication of a low in place. If that is the case, then the recent big three wave pattern to the downside was completed as a contra-trend move wave E of a triangle correction, therefore more […]
China’s Lending Bubble Sees Beijing Home Prices Jump 63%
Greed and fear are the primary emotions driving China’s housing and auto markets today, as China’s lending bubble hits new heights. For ordinary citizens, greed is the key driver: Average home prices in Beijing rose an eye-popping 63% between October 2015 – February 2017 In Shanghai, one enterprising estate agent (realtor) has married 4 of his clients to enable […]
Sensex Opens Flat; Sun Pharma Loses
Most Asian equity markets opened lower today. Stocks fell as soft US economic data added to investor concerns. The Shanghai Composite is off 0.94% while the Hang Seng is down 0.21%. The Nikkei 225 is trading lower by 0.31%. The US equities were lower across the board in their previous trading session amid the geopolitical […]
USDJPY, Yields Slide, Gold Spikes As Markets Finally Respond To Latest Set Of Economic, Geopolitical Shocks
With markets shut on Good Friday, even as the one-two knockout punch of the worst monthly core CPI print in 7 years hit… … coupled with a miss in March retail sales, which suffered their biggest two month drop in 2 years… … on Sunday night traders were desperate to catch up, or rather […]
