Author Archive: Jeremy Parkinson
“Retail Is The Titanic”: This Is The Biggest Threat From The Coming Amazon Monopoly
In the latest in-depth overview of the troubles facing the US retail sector, which also serves as a recap of several previous articles posted on Zero Hedge, the FT’s Robin Wigglesworth asks “Will the death of US retail be the next big short”, something covered here back in March in “Why Some Think This Is […]
Can EUR/USD Reach 1.1620 After The Break?
EUR/USD took advantage of the dollar’s weakness to make a move to the upside. What’s next? A lot depends on the ECB. Here is their view, courtesy of eFXnews: EUR/USD: Mess About In Range Before Pushing Towards 1.1620 Tech Target – SocGen Societe Generale FX Strategy Research notes that the question this week is whether a […]
Should You Avoid IBM ETFs In Q2 Earnings?
International Business Machines (IBM – Free Report) is scheduled to report second-quarter 2017 results on July 18 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results. IBM has bucked the trend of a broad technology surge this year, having shed 7.3% so far and lagging […]
USD/JPY Daily Analysis – Tuesday, July 18
USD/JPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 111.50 area. On the upside, a clear break above the trend line resistance will indicate that the […]
U.S. Healthcare Bill And Dollar Struggle In Tandem
The dollar index hit fresh nine-month lows on Tuesday morning, trading as low as 94.773 .DXY, after two more United States senators withdrew their support of Trump’s healthcare bill, a move that almost certainly sealed the bill’s demise. Without these two critical votes there isn’t enough support for the bill to procure a motion to […]
Credit Cards Going The Way Of The Dodo?
If you’re a Millennial, you may have noticed yourself using your credit cards less and less… and you aren’t opting for cash either. So many businesses (namely big coffee shops like Starbucks and Dunkin Donuts) now allow you to pay via your smartphone… and the trend is only growing. I read an article in Business Insider that […]
USD/CAD Facing Important Support At 1.2460
The USD/CAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its bearish movement to as low as 1.2627, facing an important support level at the May 2016 low of […]
Shorts Scramble To Cover As Aussie Surges To 2-Year High
If you thought the aussie was done rallying, you were wrong. Because we got the RBA minutes and the market is laser-focused on the comments about growth – or at least that’s what it looks like from where I’m sitting. Specifically, the RBA said quarterly economic growth likely rose in 2Q and added that recent labor […]
US Dollar Drops As Trump Trade Fizzles, Yen Gains May Follow
The US Dollar faced heavy selling pressure in Asian trade after two more Republican Senators withdrew support from the healthcare reform bill supported by the White House, robbing it of the votes needed for passage. The initiative’s failure seemed to cast doubt on the administration’s general ability to turn campaign promises into policy. This sapped hopes of seeing […]
