Author Archive: Jeremy Parkinson
Gold Faces Resistance At $1243
Gold prices dropped $16.16 an ounce yesterday, giving back most of the gains made in the previous session, as expectations that U.S. interest rates will stay low led investors into riskier assets. The XAU/USD pair initially bounced off the support around the $1235 level but encountered significant amount of resistance at $1243 once again. The […]
Robert Kiyosaki And Harry Dent Warn That Financial Crash Is Imminent
Financial experts Robert Kiyosaki and Harry Dent are both warning that the next major economic crash is in our very near future. Dent is projecting that the Dow will fall to “5,500 to 6,000 by late 2017″, and Kiyosaki actually originally projected that a great crash was coming in 2016 all the way back in […]
Dot Plot Convergence As Fed Outsources Policy To Financial Markets
A “dot plot” of Fed-expected rate hikes vs. market-expected rate hikes shows convergence towards the market’s view. In December, Fed Chair Janet Yellen expected four rate hikes this year. So did various Fed governors. On March 21, Atlanta Fed president Dennis Lockhart went out on a limb by proposing a hike in April. The market […]
Daily Market Analysis – March 31, 2016
Video Length: 00:01:28 During the day on Thursday, we will have GDP numbers coming out of Great Britain, and that of course will be a very important to the British pound and the FTSE, but at this point in time we think that most of the markets will simply be consolidative, and mainly because the […]
Yellen-Driven Short-Squeeze Sends Bonds To Best Quarter In 4 Years
After The Fed jawboned the world into the largest aggregate net short position in Treasuries in Q4 since 2010, its rapid realization that all is not well in the real world – and subsequent talking (and walking) back of rate-hike expectations – has sparked the biggest short-squeeze in 6 years and sent Treasuries up by the most […]
Oil Fails To Recover On Lower Inventory Build
US Crude Oil inventories rise at a slower pace of 2.29 million barrels for the week ending March 25th, 2016 Summary: After rallying to a 4-month high, WTI Crude Oil prices retreat steadily Saudi Arabia – Kuwait talk on re-opening Khafji Oilfield, expected to add 300k barrels extra US Oil inventories for week ending March […]
E Still The Most Important Chart
Tonight I would like to show you some charts on several of the different currencies and especially the US dollar as it has been pretty weak lately. As you know the US dollar has been consolidating that massive impulse move up that began in the Spring of 2014 chopping sideways between roughly 100 at the […]
GBPUSD: Loses Bullish Momentum, Vulnerable
GBPUSD: With the pair rejecting higher level prices on Wednesday, further weakness is likely in the days ahead. On the downside, support lies at the 1.4300 level where a break will turn attention to the 1.4250 level. Further down, support lies at the 1.4200 level. Below here will set the stage for more weakness towards […]
Podcast: The Inevitable Is Now Imminent
It’s just about official: With corporate sales and profits shrinking and consumer spending flatlining, the US economy will grow hardly at all this year while the rest of the world will probably drop back into recession. The result: Massive policy changes here and abroad, with major implications for stocks, bonds, precious metals and real estate.
