Author Archive: Jeremy Parkinson
Median New Home Sale Prices Resume Slow Climb
Median U.S. new home sale prices continued to trudge slightly upward last month, continuing on their slow, upward trajectory after flattening somewhat last month. The following chart shows the latest updates in the relationship between the trailing twelve month average of median new home sale prices against the trailing twelve month average of median household income from December 2000 […]
EUR/USD Completes Total U-Turn – Extends Drops
Yesterday, EUR/USD finally made a break above 1.20 and made it big-time. The pair even broke above the “whatever it takes” level of 1.2040 and hit a new high of 1.2070. However, this didn’t last. In the US session, the dollar gained some ground, also thanks to a high level of consumer confidence. The greenback gradually reasserted itself and EUR/USD […]
Could There Be A Bitcoin Pullback?
It’s Wednesday, August 30th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. When Bitcoin and other cryptocurrencies first made an appearance a few years ago, many people — including myself– dismissed them as a fad. But now, here we are, with an estimated 5 to 10 million unique […]
Sensex Opens Strong On Firm Global Cues; Metal & Realty Stocks Lead
Asian stock markets are higher today as geopolitical tensions eased off after North Korea’s missile launch. The Nikkei 225 is up 0.55% while the Hang Seng is up 0.76%. The Shanghai Composite is trading flat. Meanwhile, stock markets in America finished in green overnight. Back home, share markets in India have opened the day on a firm note. The BSE Sensex is trading higher […]
Stocks To Watch: KTOS, ATI, ZION
Today’s stock picks Short Kratos Defense & Security Solutions (KTOS) Short Allegheny Technologies (ATI) Long Zions Bancorp (ZION)
Crude Oil Prices Break Range Support, Gold May Fall On US Data
Crude oil prices continued to reckon with the impact of Tropical Storm Harvey. The WTI benchmark initially faced selling pressure amid continued concerns that hurricane-induced refinery shutdowns will undermine efforts to work through a supply glut, echoing yesterday’s price action. That narrative seemed to change however as amid reports that raw-material producers may respond to lingering pipeline disruptions […]
Gold Prices Fell In U.S. Trading On Tuesday – Gold Market Update
Gold prices fell in U.S. trading on Tuesday, erasing earlier gains, as a rebound in stock markets put pressure on the metal. U.S. stock indexes were higher in afternoon action and the greenback recovered some of its recent losses. XAU/USD headed back towards the 1312 level following the rejection of the resistance area I pointed […]
Russia Backpedals On Bitcoin – Unveils Plan To Ban Cryptocurrency Sales To “Ordinary People”
After local Russian media reported earlier this year that the Russian Parliament could legalize bitcoin as soon as 2018, Deputy Finance Minister Alexei Moiseev this week signaled that authorities might instead seek to restrict its use. During an interview with Russia 24, a state-owned news channel, Moiseev said that Russian authorities should treat cryptocurrencies, including bitcoin, […]
Harvey Silver Lining: Odds Of Government Shutdown Fall To ‘Just’ 35 Percent
Well, if you were looking for the silver lining in the catastrophic flooding that accompanied Hurricane Harvey, Goldman is happy to oblige. As expected, analysts of all stripes have bent over backwards this week to try and quantify the impact of the storm on whatever sector or asset class they happen to cover although it […]
Moscow Rules (For ‘Dollars’)
In Ian Fleming’s 1959 spy novel Goldfinger, he makes mention of the Moscow Rules. These were rules-of-thumb for clandestine agents working during the Cold War in the Soviet capital, a notoriously difficult assignment. Among the quips included in the catalog were, “everyone is potentially under opposition control” and “do not harass the opposition.” Fleming’s book […]
