Author Archive: Jeremy Parkinson
MannKind Corporation Disappoints With Afrezza Sales; Analysts Lower Expectations
MannKind (NASDAQ: MNKD) reported first quarter 2015 results on May 7, revealing underwhelming sales and a mediocre Afrezza launch. Shares of MannKind last closed at $4.02, just above the 52-week low of $3.52. Some analysts are beginning to doubt if the company can make a comeback. The biotechnology company posted a net loss per share of […]
Futures Jittery As Attention Returns To Greece; China Stocks Rebound On Latest Central Bank Intervention
With the big macro data out of the way, attention today and for the rest of the week will focus on the aftermath of the latest Chinese rate cut – its third in the past 6 months – which managed to boost the Shanghai Composite up by 3% overnight but not nearly enough to make […]
Dollar Firmer But Going Nowhere Quickly
The US dollar has begun the new week on firm footing, but the tone is more consolidative than trending. The dollar-bloc currencies, led by the New Zealand dollar, are particular softer despite China’s rate cut, which sometimes has been supportive for commodity-linked currencies. Emerging market currencies did not get much of a boost either. The […]
If Q2 Growth Is Reviving, Why Did Yields Dip Late Last Week?
Buy on the rumor, sell on the news. That ancient bit of trading advice seems to describe last week’s data for Treasury yields. In the days leading up to Friday’s report on payrolls for April, the benchmark 10-year yield increased to a new year-to-date high on Wednesday, only to slump when the better-than-expected jobs report arrived. The […]
EUR/USD Forex Signal For May 11, 2015
EUR/USD Signal Update Last Thursday’s signals were not triggered as there was no bullish price action before the price closed below 1.1262. Today’s EUR/USD Signals Risk 0.75% Trades must be made before 5pm London time today only. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the […]
EC HH The Futures Price Is Not A Price Prediction
The price of a commodity futures contract is not the market’s forecast of what the spot price will be in the future. For example, the fact that at the time of writing the price of the December-2016 WTI Crude Oil futures contract is $64.44 does not imply that ‘the market’ expects the price of oil […]
Long-Term Trends In Employment By Age Group
The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution). The result is the participation rate expressed as […]
The Biggest Risk To US Growth: Further Dollar Rally
The biggest risk to US economic growth remains the possibility of an extended US dollar rally. The Fed rate hike expectations have been pushed out to December and many doubt that the Fed will hike right before the year end. That’s because the hike will involve three rates: FF, IOER, and RRP and could be […]
EURUSD: Short Term Fundamental, Technical Outlook & Forecast
Fundamental drivers for the EURUSD unlikely to live up to their potential to move the pair, trading ideas for the coming 24-48 hours. Summary Despite the apparent drama of US jobs reports and 2 Greek deadlines, little volatility expected in the next 48 hours. Fundamental drivers and technical outlook for the next 24-48 hours. Forecast, […]
No ‘Plan B’ In Greece Debt Talks
Greece can’t seem to see the light at the end of its financial tunnel. No matter what moves it makes, it isn’t enough to get the country out from under its pile of fiscal woes. Despite its payment last week of a 200-million euro (US$224 million) interest payment to the International Monetary Fund, which it […]
