Author Archive: Jeremy Parkinson
EUR/USD And GBP/USD Forecast – Wednesday, July 12
EUR/USD The EUR/USD pair rallied on Tuesday, breaking towards the 1.15 level. If we can break above there, and more importantly, stay above there, the market should continue to go even farther. Ultimately, this is a market that I think that we will see a lot of reaction in during the session today as Janet […]
Three Large Cap Pharma Stocks To Buy Now
The healthcare sector has dominated headlines this year thanks to promises from the GOP and the Trump administration related to repealing and replacing Obamacare. A reform bill has already passed the House, and although it has stalled in the Senate, healthcare is sure to remain in the news for some time. While investors might think […]
Sensex Trades Marginally Higher; Oil & Gas Stocks Witness Buying
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the energy sector and telecom sector witnessing maximum buying interest. The BSE Sensex is trading up 12 points (up 0.1%) and the NSE Nifty is trading up 18 points (up 0.2%). The BSE Mid Cap index is trading up by 0.7%, while the BSE Small Cap index is […]
E Behold, The Bitcoin Rush Is Here
Forget the gold rushes of the 19th Century and welcome to Bitcoin trading, the new gold rush. This claim might be farfetched in theory but when you look at the current price of Bitcoin, there is a clear sentiment in the cryptocurrency market, which technically makes it an interesting safe haven when compared to other […]
Strong U.S. Dollar Top Excuse For Q2 Earnings Misses
Written by John Butters, FactSet While the majority of S&P 500 companies will report earnings results for Q2 2017 over the next few weeks, 5% of the companies in the index (23 companies) have already reported earnings results for the second quarter. Given the number of concerns in the market, have these companies discussed specific factors […]
USD/CAD Forex Signal – Wednesday, July 12
Yesterday’s signals were not triggered as none of the key levels were ever reached. Today’s USD/CAD Signals Risk 0.75% per trade. Trades may only be taken before 5pm London time today. Long Trade 1 Go long after the next bullish price action rejection following a first touch of 1.2839. Place the stop loss 1 pip below […]
Wall Street Terms: ‘Mr. Market’
Like many industries, Wall Street loves to use metaphors, and so today I thought it would be fun to visit a classic. Back in the late 1940s, investor/economist, Benjamin Graham, created an allegory called “Mr. Market”. In his classic 1949 book, The Intelligent Investor, Graham asks the reader to imagine that he is one of the two owners […]
No “Trump Bump” For The Economy
POITOU, FRANCE – “Nothing really changes.” Sitting next to us at breakfast, a companion was reading an article written by the No. 2 man in France, Édouard Philippe, in Le Monde. The headline promised to tell us how the country was going to “deblock” itself.But upon inspection, the proposals were the same old claptrap about favoring […]
Stocks Watch-List: TWTR, FCX, UAA
Today’s stock picks Long Twitter (TWTR) Long Freeport McMoran (FCX) Short Under Armour (UAA)
GBP/USD Hits Low Support On Broadbent’s Bearishness
The deputy governor of the Bank of England, Ben Broadbent, said that he is not ready to raise rates quite yet. To balance things out, he did say “there is a reason to see the MPC moving towards higher rates, but there are lots of imponderables”. He also said the mood of business is key […]
