Author Archive: Jeremy Parkinson
Fed Admits It Is The World’s Central Bank – Not Just The USA Central Bank
Janet Yellen signaled that the Fed is grappling with the problem I have been warning about; the dollar has become the de facto only real currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that the Fed is being lobbied by everyone to surrender its domestic policy objectives to international. This is […]
Japanese Industrial Production Crashes Most Since 2011 Tsunami
While we are sure this will not deter Japanese officialdom from declaring that QQE and NIRP is working and that the deflation-mindset is being beaten, the fact is that when February’s 6.2% collapse in Japanese industrial production is compared to the devastatingly poor plunge after March 2011’s quake, tsusnami, and nuclear ‘event’, something has gone disastrously […]
ADP NFP In Focus After Yellen Downs The Dollar
Fed Chair Yellen repeated a dovish stance, throwing away the hawkish notion some of her colleagues. The moves that began yesterday are intensifying in the fresh European session, with significant breakouts for AUD and NZD. Also EUR/USD is on the move as we get the German inflation numbers. The big U.S. release for today is […]
Gold Price Jumps After Yellen Dovish Remarks, Copper Price Slides
Crude oil prices cut losses late in New York session after data showed a smaller than expected build in crude inventories. The American Petroleum Institute published an inventory figure of 2.6 million barrels in the week to March 25, compared with 3.3 million barrels expected. Gold prices jumped to a daily high of $1243.1 after hitting a one-month low on Monday as buying interests returned after Federal Reserve […]
WTI Crude Oil And Natural Gas Forecast – March 30, 2016
WTI Crude Oil The WTI Crude Oil market fell during the course of the session on Tuesday, testing the $38 level. This is a level that is supportive, so if we break down below there I feel that the market will then reach towards the $36 level, possibly even the $34 level. A bounce from […]
5 Low-Cost ETFs Poised For Long-Term Wins
The global ETF industry has been growing by leaps and bounds and has already accumulated almost $4.5 trillion in assets, as per ETFGI data. ETFs gained popularity over mutual funds because of their flexibility, liquidity and low cost among other factors. In fact, low cost has been one of the biggest drivers for the ETFs, […]
U.S House Price Rises
In much of the Western world people aspire to own their own home. This desire fuels housing construction, financing (via mortgages), estate agencies, renovation and decoration activities, amongst other things. It also means that property prices tend to appreciate over time, usually at a faster rate than earnings which can price people out of the […]
Rail Traffic Volumes Tumble As Coal Stockpiles Soar At Record Rate
For the first two months of 2016, it seemed as if a modest, if stable, rebound was finally taking place among one of the hardest hit transportation sectors of 2015, rails. Alas, like virtually everything else, this too has proven to be nothing more than a dead cat coming back to life and getting run over […]
USD/CHF: Weakens Further On Bear Pressure
USD/CHF: The pair weakened further on Wednesday following its Tuesday sell off. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and pointing lower supporting this view. On the upside, […]
China’s Market News: Growth Forecasts Lowered, But Financials Improve
This daily digest focuses on market sentiment, new developments in China’s foreign exchange policy, changes in financial market regulations and Chinese-language economic coverage in order to keep DailyFX readers up-to-date on news typically covered only in Chinese-language sources. – China’s Central Bank appointed two new members to replace those leaving the Monetary Policy Committee. – […]
