Author Archive: Jeremy Parkinson
Nifty Hovers Near 10,000 Mark; Energy Stocks Witness Buying
After opening the day marginally higher, stock markets in India have continued their momentum. Presently, they are trading near their all-time high levels. Indian indices are scaling new highs of late. And there’s a flood of liquidity pouring into Indian stock markets in search of higher returns. One of the key factors behind the above flow of […]
Monday Market Review
Last week I posted an analysis on Oil and the highs chances it had to get rejected and reverse lower. Oil price made a double top at 47.50$ and got rejected at the Ichimoku daily Kumo (cloud). This was sent to our subscribers: I’m short since 47$ and we could now be starting a new downward wave […]
Recent Stock Purchase July 2017
While I remain committed to making at least one purchase every month, it’s clear that my buying frequency has slowed down a bit. It seems that I’m making my buys about every four or five weeks rather than every week or two as I have done earlier this year. This fact just illustrates my continued […]
German Manufacturing PMI Misses With 58.3 – EUR/USD Ticks Down
Business confidence in Germany still points to robust growth, but slightly weaker than expected. The purchasing managers’ index for the manufacturing sector missed with 58.3 against 59.2 expected. The services PMI slipped from 54.3 to 53.5 points. EUR/USD ticks down just a bit, trading around 1.1644. It remains above the 2016 peak of 1.1620. Further support […]
The S&P 500 In Week 3 Of July 2017
In Week 3 of July 2017, the S&P 500 continued to set new all time highs, with the newest peak closing value of 2473.83 set on Wednesday, 19 July 2017. No real surprise there, right? With investors apparently focused on 2018-Q1, the S&P 500 is behaving pretty much as our dividend futures-based forecasting model anticipated. Coming into the […]
Dollar Skirts 13-Month Lows
The dollar struggled against most of its trading partners including the euro, yen and pound on Monday morning, skirting 13-month lows. The greenback was weighed by political woes which seem to be plaguing the United States since President Trump took office in January. The most recent trouble for the President came this weekend with the resignation […]
GBP/USD Remains In Uptrend From 1.2589
GBP/USD remains in an uptrend from 1.2589. The pullback from 1.3125 could be treated as a correction of the uptrend. A deeper decline towards the bottom trend line of the price channel on its 4-hour chart is possible in a couple of days. As long as the channel support holds, the uptrend could be expected […]
Sensex & Nifty At All-Time High; FMCG Stocks Lead
After opening the trading day on a positive note, Indian share markets continue to trade firm in the morning session. Gains are largely seen in stocks from consumer durables sector stocks and FMCG sector. Meanwhile, metal stocks and healthcare stocks are trading in the red. The BSE Sensex is trading higher by 192 points and the NSE Nifty is trading higher by 50 points. The BSE Mid Cap index is […]
Weekly Gold Forecast – Monday, July 24
Gold prices settled at $1254.70 an ounce on Friday, gaining 2.07% on the week, as recent volatility in global equity markets and new worries about U.S. politics lent support to the precious metal. Fluctuations in the wider markets usually give a temporary boost to safe-haven gold but continued weakness in the dollar may have stronger […]
Fed Preview: Transitory Or Not Transitory? This Is The Question
Is inflation still transitory? This is the main question that markets will want to hear an answer to in the upcoming Fed decision on July 26th. The FOMC convenes in one of its “in between” meetings. The meetings in June and in September consist of new forecasts and a press conference by Fed Chair Janet […]
