Author Archive: Jeremy Parkinson
Greenback Softens Ahead Of FOMC
The US dollar is paring yesterday’s gains as the market awaits the outcome of the well-telegraphed FOMC meeting.In recent weeks, the combination of data and official comments have swayed market, which had previously anticipated a hike in May or June. A hike today is as nearly a foregone conclusion as these things can get. […]
China’s Market News: High Costs, Low Sales Challenge Chinese Producers
This daily digest focuses on Yuan rates, major Chinese economic data, market sentiment, new developments in China’s foreign exchange policies, changes in financial market regulations, as well as market news typically available only in Chinese-language sources. – Yuan’s overnight borrowing cost, HIBOR O/N, bounced up on Tuesday following a drop on Monday. – Fixed assets […]
EURJPY Elliott Wave View: Pullback In Progress
Short term Elliott Wave view in EURJPY suggests that the pair has ended the cycle from 2/24 low (118.18) and the instrument is pulling back to correct that cycle before turning higher again. Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal Elliott wave structure […]
UK Wages Slide To 2.2% – GBP Follows
Britain reported a drop of 11.3K in the number of the unemployed, but the wage data is worrying and has the upper hand. Average earnings have slowed to an annual rate of 2.2%. Excluding bonuses, salaries are down to 2.3% y/y. Both are disappointments. The unemployment rate dropped to 4.7% in January, but markets focus on […]
Technical Analysis Of Stock Trends: Is The Stock Market Reversing
Technical Analysis of the S&P 500’s current stock trend remains in tact That doesn’t necessarily mean that all the stocks out there are holding it together because most of them are not. But the large caps, the ones that really drive the market’s direction, like Apple (AAPL) for instance, is still holding it together and that is […]
Balance Of Student Loans In Default Soars To Over $137 Billion
Last week we noted a survey from LendEDU which found that 31% of college co-eds spend at least some portion of their student loan debt proceeds to fund week-long hedonistic, binge drinking trips to Cancun and Daytona Beach for spring break. And, just to add insult to injury, 24% said they spend those taxpayer-subsidized loan dollars […]
A Strong Seasonal Trade On Home Builders Stares Down Fed Rate Hikes
The core of the seasonal trade on home builders is closing out with a likely rate hike from the U.S. Federal Reserve. On Wednesday, March 15th the market expects the U.S. Federal Reserve to hike its interest rate by a quarter of a basis point (.25%). Up until now, the rate sensitive housing sector has performed […]
US Dollar May Fall As Fed Offers Little Beyond Expected Rate Hike
The sentiment-linked Australian and New Zealand Dollars traded modestly higher while the anti-risk Japanese Yen edged downward in otherwise quiet Asian trade. Regional bourses played catch-up to losses on Wall Street but benchmark US (S&P 500) and European (FTSE 100) index futures traded higher, pointing to a rebalancing of risk trends back toward neutral ahead of the upcoming Fed policy announcement. […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, March 15
WTI Crude Oil The WTI Crude Oil market broke down during the day on Tuesday, slicing through the hammer that formed on Monday. This is a very negative sign, and with the Crude Oil Inventories announcement coming out today it’s likely that there could be significant bearish news yet again. We are oversold, though, so […]
EUR/USD: Asymmetric Risk But Short Preferable Into French Elections
The euro has many forces moving it. The big political risk is the French Presidential Election. What can we expect for EUR/USD? Here is their view, courtesy of eFXnews: EUR/USD downside risks remains ahead of the French Elections, says Bank of America Merrill Lynch FX Strategy. In that regard, BofAML’s baseline does not include a Le Pen […]
