Author Archive: Jeremy Parkinson
S&P 500 And Nasdaq 100 Forecast – March 31, 2016
S&P 500 The S&P 500 rose during the course of the session on Wednesday, breaking above the 2060 handle. That being the case, it looks as if the market is ready to go higher. If we pullback from current levels, there should be plenty of buyers below, and with a supportive candle it’s more than […]
Higher Minimum Wages Could Crater Your Portfolio – Unless You Own Companies Like This One
California legislators made headlines Monday when they passed a $15 per hour minimum wage that marks the largest deal to date in the national fight for higher working wages. The thinking is that legions of poorly paid workers will be able to suddenly afford a higher standard of living and pay their way through life. […]
UK GDP Revised Up To 0.6% – GBP/USD Breaks Resistance
Revisions are not that common with UK GDP figures, but when they do appear, the impact is notable. Growth was revised up from 0.5% to 0.6% q/q for the fourth quarter of 2015 and year over year, it was also pushed higher from 1.9% to 2.1%. GBP/USD breaks back above 1.4365 to 1.4387, completing a 60 […]
Weekly Heating Oil Price Update: U.S. Average Unchanged, Last Update Of Season
Written by Jill Mislinski With winter at a close, we are at the end of the heating oil season. This year’s winter was warmer than average and saw a continued drop in heating oil prices, but with a slight uptick toward the season close. The end-of-season jump in prices reflects the crude oil uptick we’ve seen […]
Silver Lows – Silver Ratios
Silver prices as this is written (March 23) are down 60 cents on the day. Scary … no, probably a normal correction. Yes, paper silver prices on the COMEX are “managed” for the benefit of traders, banks and others large enough to manipulate the prices.It makes sense that if a bank, which owns the regulators and can […]
Oil “Redetermination” Season Looms
Video Length: 00:11:46 Earnings estimates for the first quarter of 2016 are projected to show a decline of 10% in year-over-year growth. Take away the impact from decimated Energy sector profits and the picture is a little brighter at only minus 5% “growth.” Second quarter estimates still retain some optimism because, after all, things may […]
After Mixed Earnings, Is Nike Stock A Buy, Hold, Or Sell?
Nike (NKE – Analyst Report) shares are down about 4.3% since it reported mixed earnings on March 22. The premier athletic brand posted earnings of $0.55 per share, beating our EPS consensus of $0.48. However, the company missed on our revenues consensus of $8.2 billion, posting sales of just $8.03 billion for the quarter. Results like these […]
Gold Price Slips On Solid Us Data, Oil Inventory At Record High
Oil prices fell below $38 in Asian trade on Thursday, hitting the lowest level in more than two weeksamid recurring worries of global oversupply. U.S. Department of Energy reported that crude inventories rose to a record high on the seventh week. Crude stockpiles rose by 2.3 million barrels to 534.8 million barrels in the week to March 25. This weekly increase […]
EUR/USD Forex Signal – March 31, 2016
EUR/USD Signal Update Yesterday’s signals produced a losing short trade off the bearish engulfing candle rejecting the resistance level at 1.1338. The level ultimately held however, as can be seen on the H4 chart shown below. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today only. Long Trade 1 Long entry […]
To Hedge For Brexit, Sell EUR/USD Not GBP/USD
Following the Brussels bombing, the pound weakened alongside the euro. This was due to the growing fear of a “Brexit”. Nevertheless, a Brexit could also hurt the euro. Here is the explanation from Bank of America Merrill Lynch: Here is their view, courtesy of eFXnews: We argue that the EUR is underpricing the potential economic disruption related […]
