Author Archive: Jeremy Parkinson
Tomorrow’s Jobs Number Would Have To Be Terrible To Prevent A Fed Hike
Tomorrow, the BLS will release the February jobs numbers for the US economy. This is the last piece of major US economic data before the Fed meets next week to decide on US monetary policy. All indications are that the number will be good. The ADP employment report released yesterday showed 298,000 private sector jobs […]
Guide To Hartford MidCap HLS IA Fund (HIMCX)
Hartford MidCap HLS IA (HIMCX – Free Report) a Zacks Rank #2 (Buy) invests at least 80% of its assets in common stocks of mid-capitalization companies. The fund may invest up to 20% of its net assets in securities of foreign issuers and non-dollar securities. It favors companies that are high-quality. This Mid Blend fund, as of […]
Exxon Mobil To Acquire 25% Interest In Mozambique Area 4 From Eni For $2.8b
ExxonMobil (XOM) and Eni (E) have signed a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25% indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni currently holds a 50% indirect share in the block through a 71.4% stake in Eni East Africa, which owns 70% of the […]
USD/JPY Intra-Day Elliott Wave View
JPY (USD/JPY) made a new high above last Friday’s peak and now seems to be pulling back. Move up from 113.53 ((x)) low could be viewed as a 5 swing Leading Diagonal Elliott Wave structure. There is RSI divergence (not showing) between red wave iii and blue (a) which further supports the idea of JPY move […]
U.S Import Prices Soar To 5 Year Highs As Fuel Costs Spike
Thanks to a surge in prices from Canada and Asia Near East, US Import Prices soared more than expected in February. The 4.6% rise is the highest since February 2012, driven by a 40.5% surge year-over-year in Fuels and lubricants. Notably US import prices from Mexico fell 0.3% YoY.
The Stock Whisper Of The Day: MT, SPY, XLF, GLD
Hot stocks of the day: MT, SPY, XLF, GLD Video length: 00:06:55
Draghi Press Conference – Live Coverage
After the ECB left its policy unchanged, we cover the bigger event: the press conference by ECB President Mario Draghi. Follow the live video coverage of the event that moves EUR/USD. Live Coverage Follow the live coverage with Valeria Bednarik, Mauricio Carrillo and myself:
Oil Erases Entire OPEC Cut Rally: “And Like That, It’s Gone”
Well goddammit I told you so. I don’t how many times I’ve said that oil will almost invariably head lower (and maybe sharply lower) once everyone gets sick and tired of waiting around for something that, to be brutally honest with you, isn’t f**king coming. The whole production cut agreement was a farce from the […]
Landslide
They took the oil and took it down, a stunning build and it turn straight down. When you count the barrels and the oil drilled, a landslide brought it down. A massive crude oil build rocked the oil market in what could be a major downside breakdown that is raising the stakes for OPEC and […]
Oil Glut’s Failure To Fade Puts Renewed Pressure On Prices
Although OPEC is still walking around triumphantly as members keep to their output cut commitments, American shale production has reemerged as a force to be reckoned with as evidenced by the latest bit of inventory data. This is yet another shred of proof that the global inventory glut that has built up over the last […]
