Author Archive: Jeremy Parkinson
Dollar Slips To A 17-Month Low Against Yen
The U.S. dollar hovered around 109 yen in Tokyo on Thursday morning, as Federal Reserve policy meeting minutes dulled expectations of an early U.S. interest rate hike. The greenback hit levels last seen back in October 2014 fetching 109-25-27 yen at noon, down from 109.74-84 yen in New York and 110.40-42 yen in Tokyo at […]
WTI Crude Oil Price Forecast: Is Momentum About To Breakout?
The start of April has oil traders and investors wondering if Q2 will align with the second half of Q1. After hitting a current low on February 11, Oil moved higher by ~61%, and it’s unclear if we won’t see more gains this quarter. Since Mid-March, Bears have rejoiced on the recent pullback, but as […]
3 Stocks To Buy In The Restaurant Industry
One market that will never cease to be important in civil society is food. People love to go out and spend money on juicy burgers, toasted sandwiches, and made to order carne asada tacos topped with avocado, cilantro, and onion. The Retail Restaurant Industry is in the top 25% in our Zacks Industry Rank, with […]
Where One Swiss Bank Will Be Buying Gold
While the furious rally that propelled gold higher in the first quarter – by the most in 25 years – appears to have fizzled, it is hardly over. So for those wondering when they should add to their position, or start a new one, here is some advice from Geneva Swiss Bank, which believes that $1,180-$1,190 […]
Euro/Dollar Still In Sideways
Yesterday’s Trading: Wednesday’s euro/dollar trading finished up. The rate restored to 1.1431 after falling to 1.1326. The UK pound was the market outsider over the course of the day and also managed to win back all of its daily losses against the dollar; ending trades at 1.4120. The main driver for the weakening of the […]
Binary Options Assets In Focus – April 7, 2016
During the day on Thursday, we get a handful of announcements, but quite frankly they aren’t necessarily going to be any major ones to move the market in general. That being the case, market should continue to be fairly straightforward, and as a result we will follow trends more than likely. FTSE The FTSE rose […]
TIPS And Gold – Cousins, Not Brothers
A longtime reader (and friend) today forwarded me a chart from a well-known technical analyst showing the recent correlation between TIPS (via the TIP ETF) and gold; the analyst also argued that the rising gold price may be boosting TIPS. I’ve replicated the chart he showed, more or less (source: Bloomberg). Ordinarily, I would […]
Can We Grow Out Of Our Problems If We’re Not Actually Growing?
The rationale for today’s easy money policies is pretty straightforward: Falling interest rates and rising government deficits will counteract the drag of excessive debts taken on in previous stimulus programs and asset bubbles, enabling the developed world to create wealth faster than it takes on new debt. The result: a steady decline in debt/GDP to […]
Bad Medicine
DOW + 112 = 17,716SPX + 21 = 2066 NAS + 76 = 4920 10 Y + .03 = 1.75%OIL + 1.84 = 37.73 GOLD – 8.90 = 1223.30 The FOMC issued the minutes from its last meeting, where the Fed left rates unchanged and lowered its forecast for hikes this year from four to two. […]
The Australian Dollar Perspective
Basis the cash, we can see that the Greenback has rallied sharply against the A$, but it has not elected a yearly bullish as of yet. It did exceed that level intraday, but the fact it failed to retain those gains warns that we are not looking at new historic highs for the dollar against […]
