Author Archive: Jeremy Parkinson
Sensex Finishes Marginally Higher; HPCL & ONGC Surge On Merger News
Indian share markets finished marginally higher in the afternoon session as investors turned cautious ahead of consumer inflation data. At the closing bell, the BSE Sensex stood higher by 58 points, while the NSE Nifty finished up by 30 points. Meanwhile, the S&P BSE Mid Cap & the S&P BSE Small Cap finished up by 1.1% and 0.6% respectively. Gains were largely seen in PSU […]
Will Low Inflation Delay Fed Rate Hikes?
Fed funds futures are currently pricing in a low probability that the Federal Reserve will squeeze monetary policy at any one of the next three FOMC meetings (Jul. 26, Sep. 20, Nov. 1). The Sep. meeting has recently been identified by some analysts as the most likely date for another rate hike. But the futures market […]
Another Bearish Sign For Gold
Gold futures gained $8 between 10:30 and 11:30 a.m. Eastern time on Tuesday. The key question is: is this meaningful for the ongoing trend(s) or not? Stated differently, do we stick to our bearish forecast or did yesterday’s rise change anything in the bigger scheme of things? Since our last post It’s official: Gold price breaks down, gold […]
AUD/USD Elliott Wave Forecast: Bullish Double Zig Zag
The trend is bullish in AUD/USD currency pair, 15 minutes time frame. The price of AUD/USD pair is going to rise up now on a short-term basis to print a corrective Bullish Double Zig Zag Elliott wave pattern and traders should look for a buy trade. Strong key support level is present at 0.7640 price […]
EUR/USD: Price Came Close To 1.15
Previous: On Tuesday July 11, trading on the euro closed significantly up. Before the US session, the price was trading within a 20-pip range. The price exited this range as BoE representative Broadbent gave his speech and the euro/pound cross sharply rose. US bond yields fell by 1% to 2.37%. Later in the day, it […]
USD/JPY And AUD/USD Forecast – Wednesday, July 12
USD/JPY The US dollar rallied against the Japanese yen during most of the session on Tuesday but turned around to form a bit of shooting star. That is a negative sign, and it’s possible that we could turn around, but we have Janet Yellen speaking during the day in front of Congress should continue to […]
All Eyes On Yellen As Dollar Slumps On Trump Revelations, Stocks Rebound
The dollar was broadly weaker after dovish comments from Fed Governor Lael Brainard amid reverberations from reports of Donald Trump Jr.’s contact with a Russian lawyer; European equities rebounded with oil while S&P futures were 0.2% higher at 2,428; Treasury yields are 1-2bps lower across the curve with the 10y at 2.346% ahead of Yellen’s […]
Today’s Market Movers
Markets will be focusing today, Wednesday, July 12 on a number of announcements scheduled on the economic agenda, which results usually moves prices. Therefore, until these results are known, traders should be careful in making the right trading decisions. UK Unemployment Data: The most recent data about from the UK about the workforce, unemployment and […]
5 Interesting Facts About The Euro
The euro is one of the world’s most closely-watched currencies. As the official currency of 19 European Union (EU) member states, the euro is a major player in global market movements. What’s interesting about this currency is that it is a relatively new one compared to other currencies, yet it has managed to climb to […]
NIFTY Elliott Wave View: More Upside
Short term NIFTY Elliott Wave view suggests the pullback to 9449.06 low on 6/30 ended Intermediate wave (2). Up from there, a rally is unfolding as an Elliott wave double three structure where Minute wave ((w)) ended at 9700.7 and Minute wave ((x)) ended at 9642.65. Wave ((y)) is in progress also as a double three structure where Minutte wave (w) ended […]
