Author Archive: Jeremy Parkinson
USD/JPY – Can It Hit 115.00?
After weeks of listless trade, USD/JPY is showing some signs of life as it continues to hold on to the 114.00 figure. Although recent trading was decidedly muted the recent price action has all the marks of a dollar breakout. The benchmark 10-year rate inched above the key 2.50% level helping to fuel pro-dollar flows […]
Deutsche Bank: Sell The Bounce?
A textbook bearish formation has been spotted in Deutsche Bank (DB) (traded in Xetra Germany) according to Elliott waves. A 5 wave decline has been seen and together with a price break below my automated indicator, I expect a bounce towards 18.30-18.50€ to go short and use the highs as stop. The minimum expectation […]
Stocks Mixed As Treasuries Suffer Longest Losing Streak Since 2012, Dollar Pops Ahead Of ADP
Asian markets dropped following disappointing China trade and Japan GDP data, while European stocks rebounded for the first time in five sessions led by miners and banks. US futures were little changed as the dollar strenghtened, pressuring oil further below $53; sterling slid for the eighth day out of nine, dropping under 1.215 before the […]
Insuring Your Portfolio With Insurance Stocks
A while back I wrote about investing in the ‘boring’ HVAC industry. Investing in boring industries rarely gives your portfolio a “shot in the arm” in terms of dramatic capital appreciation but what it can do is provide stability and predictability in terms of tempered growth and a potential reliable source of growing dividends for decades […]
Is A Second OPEC Cut On The Cards?
OPEC’s coordinated effort to curtail global supply has so far managed to put a floor under oil prices, which have been sitting modestly above US$50 since the deal was announced at the end of November last year. But resurging U.S. shale has been capping the upside, and Brent has not breached US$58 per barrel. Analysts […]
Gold Continues To Slide
Gold prices closed at their lowest level since February 2 on anticipation of tighter U.S. monetary policy and as the dollar strengthened against other currencies. The XAU/USD pair slumped to $1214.10 an ounce before recovering slightly to the $1216.53 level. Technical selling was also behind gold’s 0.81% drop on Tuesday. Not surprisingly, dropping below the […]
Dollar Bid As Rates Firm
The US dollar is moving higher against nearly all the other major foreign currencies today. As far as we can tell, the driving force remains interest rate considerations. US rates are rising in absolute terms and about Europe and Japan. The US 10-year yield is moving above the downtrend that has been in place since the day after the […]
How Would A March Rate Hike Affect The USD Majors?
The US Dollar is vulnerable to a sharp upside repricing if the Fed hikes rates at the March FOMC. Although the market has already swiftly repriced the likelihood of a March hike following the recent Fed comments, the pricing for the cumulative increase in rates over the next two years has only changed slightly. A […]
Bojangles, Inc.: Shares Fall On Lower Than Expected Q4 Earnings
Bojangles, Inc. (BOJA), a national restaurant franchise company yesterday reported their fiscal fourth quarter and full year 2016 financial results. Bojangles reported fourth quarter adjusted earnings of $0.28 per share which beat analyst expectations of $0.21 per share. Bojangles reported fourth quarter revenues of $139.4 million which fell short of analyst expectations of $140.4 million. […]
Minimize Your Risk; Become A More Productive Investor
Most investors incorrectly think of “risk” as the possibility that the market value of a financial asset might fall below the amount that has been invested… OMG, how could this be happening! Wall Street does everything in its power to support such misconceptions. The ideas that lower market price = loss or bad and that higher […]
