Author Archive: Jeremy Parkinson
Will This Be An Egg-cellent Easter For Netflix?
STICKY Streaming giant Netflix (NFLX) is due to release its first quarter results for this year tomorrow, April 17. The stock is notoriously volatile with prices up 65% in the past year, but down from $148 to $143 in the past month. We decided to check in and see what the top-rated analysts on Wall Street […]
USD/CAD Forecast April 17-21
USD/CAD reversed directions last week and dropped 90 points. The pair closed the week at 1.3318. This week’s key event is CPI. Here is an outlook on the major market- movers and an updated technical analysis for USD/CAD. In the US, consumer indicators were soft, as CPI and retail sales reports missed their estimates. However, employment and consumer confidence beat expectations. […]
Weekly Forex Forecast – Sunday, April 16
USD/CAD The USD/CAD pair fell during the week, but turned around to form a hammer. As you can see, it looks very bullish, but the 1.36 level above is massively resistive. I think if we can break above there, this pair will take off to the upside. If the oil markets roll over, and they […]
UBS: “The Current Market Configuration Is The Opposite Of February 2016”
Last February, as Chinese stocks and the Yuan were crashing every day, sending the S&P tumbling and government bond yields crashing to record lows, in the process aborting the Fed’s first attempt to hike rates, volatility was soaring and confidence in the economy was in the dumps: in short, the bottom appeared like it was […]
Weekly Trading Forecast: All Eyes On The White House Yet Again
Financial markets will be looking to the White House for direction again as its actions stoke worries about wars of the military and currency variety. US Dollar Forecast: US Dollar May Rise Trump Jawboning, Geopolitical Fears Recede The US Dollar may rebound as the impact of President Trump’s jawboning recedes and signs of a political accommodation with […]
China’s Debt To Equity Swaps Continue But They Won’t Solve The Country’s Problems
China’s Debt To Equity Swaps Throughout 2016 the topic of China’s monumental debt mountain was the most discussed in the financial community. Even Chinese policymakers themselves began to take a serious look at the issue, and official recognition of the problem emerged in March as the state began to sanction debt for equity swaps. China’s Banking System […]
NZD/USD Forecast Apr. 17-21
The New Zealand dollar hugged the 0.70 level once again. Will it choose a direction after Easter? Quarterly inflation figures stand out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The Business NZ Manufacturing Index advanced to 57.8 points, but the FPI slipped. All in all, data from New Zealand was quite […]
Bombs Away
All Domestic equity markets closed with weekly losses. The S&P 500 closed under its 50-day moving average, and down -1.22%, right on its lows for the week. it’s the lowest close since mid-February. The deterioration of the Trump bump trade is palpable. Consider this cause and effect as Trump is distancing himself from key political […]
Chinese Exports Surge Most In 2 Years But Goldman Warns It Won’t Continue
Amid all the chaos of lunar new year adjustments, Chinese exports in March surged 16.4% YoY (-1.3% YoY in Feb) – the biggest jump since Feb 2015. Import growth fell back from February’s surge (but surprised to the upside). Furthermore, China’s trade surplus with the United States, another bone of contention for Trump, widened in March from […]
Australian Dollar: Set To Suffer If ‘Risk-Off’ Theme Returns
Fundamental Forecast for the Australian Dollar: Bearish The Australian Dollar has benefited from strong labor-market data and a jump in imports by China. However, it will suffer if and when ‘risk-off’ sentiment returns. See the DailyFX Economic Calendar and see what live coverage of key event risk impacting FX markets is scheduled for the week on the DailyFX Webinar Calendar. The […]
