Author Archive: Jeremy Parkinson
China Producer Prices Surge At Fastest Pace In 9 Years
While China consumer prices rose just 0.8% YoY (less than expected), producer prices continue to soar, pressuring margins and threatening any hope for further credit impulses from PBOC. February PPI rose a staggering 7.8% year-over-year – the most since September 2008. After four and a half years of deflation, factory prices are now starting to appear out of […]
Gold Markets Continuing Bearish Pressure
Gold markets fell again during the day on Wednesday, as we continue to see bearish pressure. We are now approaching the $1200 level, which should be rather psychologically important. However, the market has been very negative as of late, so I’m not willing to go long at the first signs of a bounce. I would […]
E EUR/USD Intraday View – Thursday, March 9
EUR is doing much better than AUD against the buck, but even EUR/USD has a very powerful bearish structure. It was a flat correction in wave 2 that now signals for a drop below 1.0492 and even down to 1.0400. But keep in mind that we have the ECB rate decision and press conference later […]
Trading Bank Of America Stock
Bank of America Corporation (BAC) stock is currently trading at $25.58 in the pre-market session. The stock is up 1.47%, and climbing fast. Of course, the most important news for the banking industry will come from the Fed. On Tuesday and Wednesday next week, the Fed FOMC will be convening to discuss monetary policy, vis-à-vis […]
Disney’s 2017 Shareholder Meeting – A Recap
Disney (DIS) held its annual shareholder meeting in Denver, Colorado on March 8, 2017 at the Colorado Convention Center. Shareholders were treated to coffee, tea, and bottled juices, but no food or pastries. (It’s possible D23 members had a better selection after the regular shareholder meeting.) Shareholders could also take pictures–available later at www.shareholderphotos.com–with characters Moana, Mickey Mouse, […]
EUR/USD Grinds Back Towards 1.0500 Support Ahead Of ECB
The European Central Bank (ECB) may generate a limited market reaction as President Mario Draghi and Co. are widely expected to retain the current policy, but the fresh batch of central bank rhetoric may spark near-term headwinds for the Euro should the Governing Council show a greater willingness to further extend its easing-cycle. What’s Expected: […]
The Best Performing ETFs Of The Bull Market Might Surprise You
Eight years ago, the S&P 500 hit its Great Recession closing low, and since then, equities around the globe have been soaring. In fact, an S&P 500 investment on March 10th 2009 of $10,000 would have been worth over $40,000 today if you had been reinvesting dividends (according to data from Morningstar). But what were the […]
Sensex Trades Flat; Consumer Durables Stocks Gain – Thursday, March 9
After opening the day on a flat note, share markets in India have witnessed selling and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the auto sector leading the gains, while stocks in the oil & gas sector are trading in red. The BSE Sensex is trading down […]
Record Number Of Americans Forfeit Citizenship As Hope For Near-Term Tax Relief Fades
Obama warned everyone back in 2009 that “elections have consequences.” Now, eight years later, we learn that apparently the “consequences” of running around the country for nearly a decade threatening to raise taxes, “spread the wealth around” and pursue any number of other socialist policies are a record number of people renouncing their U.S. citizenship. As Fortune points out, […]
NZD/USD Equidistant Channel In A Strong Downtrend
The NZD/USD has been dropping consistently within the Equidistant channel versus its counterpart USD mainly due to expectations the Federal Reserve will raise interest rates next week while the Reserve Bank of New Zealand keeps its rate low. Additionally, the dairy prices fell in the overnight auction, adding to overall NZD weakness. The POC […]
