Author Archive: Jeremy Parkinson
Recent Stock Purchase March 2017
Half way through March and my first buys have finally been made. It’s been a wild ride on the way up post election and the momentum doesn’t seem to have slowed down one bit. Sure, the ‘pause’ button may have been hit with the Fed planning of raising interest rates but looking out longer term […]
E USD/JPY Intra-day View
It looks like that the USD/JPY found some support around the 50.0 Fibonacci ratio. The current bullish reversal higher may be the start of a new impulse. Ideally we are now looking at wave one being made, which is displaying qualities of a leading diagonal that may be in final stages. After the wave one […]
The State Of The Economy: Making Trades Count
Wall Street analysts received a welcome surprise on Friday 10th March when unemployment numbers were reported. A figure of 4.8% unemployment was forecast, but an actual figure of 4.7% came in. The unemployment rate ranks among the best since December 2016 and adds plenty of momentum to calls for multiple rate hikes in 2017. The total […]
E Should Small Businesses Worry About More Rate Hikes?
The US Federal reserve announced in December that there could be three interest rate hikes in 2017, and the first one is now expected to come this week. This is due to the impressive non-firm payroll numbers that came in last week. The US jobs data posted 235,000 jobs in February thereby beating the expectation […]
US Dollar Gains As FOMC Nears, Pound Drops On Brexit Fears
The US Dollar continued to edge higher as prices retrace losses suffered after last week’s jobs data release. Traders appeared to read that report as just supportive enough to sustain the now status-quo call for a rate hike at this week’s FOMC meeting. It did not advance the case for a steeper tightening path thereafter however, which perhaps […]
FTSE Elliott Wave View: Extending Higher
Short term Elliott wave view in FTSE suggests that the instrument is showing a 5 swing sequence from 2/1 low (7087.67) favoring more upside. From 2/1 low, the Index is rallying as a double three Elliott wave structure where Minute wave ((w)) ended at 7329.56 and Minute wave ((x)) ended at 7192.45. The Index has since broken above 7329.56, suggesting that […]
The “Petrodollar” Is Irrelevant
A recent article posted at Casey Research trumpets the view that the petrodollar system is on its last legs and that when it dies — quite possibly in 2017 — it will be a massively disruptive event for the US economy and the financial world, leading to an explosion in the gold price. The reality is that […]
USD Into FOMC: Expect A Hawkish Signal But All About The Dots – BofA Merrill
The Federal Reserve convenes and is set to raise interest rates. But what comes afterward? The team at Bank of America Merrill Lynch weighs in: Here is their view, courtesy of eFXnews: Fed speakers have already sent a strong signal that the Fed intends to hike this week, notes Bank of America Merrill Lynch FX Strategy. […]
GBP/USD Wave-4 Retracement In 38.2-50% Fibonacci Zone
GBP/USD 4 hour The GBP/USD is building a larger bullish retracement within a downtrend. The Fibonacci levels of wave 4 (blue) are potential resistance zones for a bearish turn. 1 hour The GBP/USD could expand the correction within wave 4 (blue) via a WXY (orange) unless price breaks below the support (blue/green) which could trigger […]
Beware The Bearish Rising Wedge
In this report, I would like to show you a chart pattern that seems to be showing up in a lot of different area’s of the markets, in particular the commodities complex. We looked at some of them in the last Weekend Report which were maturing, but in some cases hadn’t broken down yet. The […]
