Author Archive: Jeremy Parkinson
DAX 30: Will The German Data Ruffle The Trend?
The DAX 30 has an underlying bullish trend since mid-February and as long as it trades above the March 10 low of 9397 it may drift higher. The January 13 high of 10,166 is resistance and this is followed by the January 5 high of 10,395. These two levels are potential targets for the bullish trend. As the trend is bullish, a short-term decline, […]
Terrorist Strike In Brussels Causes Market Angst
A series of attacks at Brussels airport and metro casts a pall over the market. The attacks come as Europe prepares what for many will be a long holiday weekend. Gold, the dollar and yen seem to have been the beneficiaries. Bonds are generally firmer and equities lower. However, in late morning activity in London, […]
Helicopter Money: Global Central Banks Consider Distributing Money Directly To The People
Should central banks create money out of thin air and give it directly to governments and average citizens? If you can believe it, this is now under serious consideration. Since 2008, global central banks have cut interest rates 637 times, they have injected 12.3 trillion dollars into the global financial system through various quantitative easing […]
EUR/USD Forex Signal – March 22, 2016
EUR/USD Signal Update Yesterday’s signals expired without being triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken between 8am and 5pm London time today only. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.1204. * Put the stop loss 1 […]
Fiduciary Rule: Instant Gratification Or Panic
If you haven’t viewed Tim Urban’s TED Talk about procrastination, I urge you to do so when you have a short break. He spins a tale of prioritization woe by referencing different parts of our brain. There is the Instant Gratification Monkey who tries to lure the Rational Decision-Maker from productive endeavors. This playful little fella holds sway until deadlines force the appearance of the Panic Monster. Someone then responds by […]
Not To Dwell On Greece… But..
Note: You might wonder why there is once again a concentration of articles on the activities of Greek banks. One might incorrectly surmise I don’t like the Greeks. That isn’t true. The reason for the focus on the scams going on right now with regards to the Greek banks is because I believe they are […]
E What The Approaching Dollar Liquidity Crunch Implies About Gold
Jeffrey Snider of Alhambra Investment Partners just published a piece at TalkMarkets and at Seeking Alpha, “Huge Repo Warning”, wherein he alerts us to a sudden and severe US dollar shortage, the likes of which we haven’t seen since 2008. He monitors the Repo fail rate, which tracks failure to deliver on contracts for people buying the dollar: (click on images to […]
Intel Bullish Price Outlook
Intel Corp (INTC) is engaged in the design and manufacture of digital technology platforms while it also develops and sells software and services focused on security and technology integration. It is listed on the Nasdaq with a market capitalisation of around $155billion. Price last traded at $32.34. Let’s begin the analysis with the quarterly chart. […]
USD/JPY And AUD/USD Forecast – March 22, 2016
USD/JPY The USD/JPY pair broke higher during the course of the day on Monday, as it looks like the 111 level is going to continue to offer support. It is at the bottom of a larger consolidation area, and as a result we could go as high as the 114.50 level and still remain in […]
UK Inflation Stays At 0.3% – GBP/USD Falls
Inflation in the UK remains stuck at 0.3% y/y, with the monthly figure rising only 0.2% instead of 0.4% expected. Core inflation remained at 1.2% as expected and as in the previous month. The small miss comes on the background of an already vulnerable atmosphere. The BOE will remain in no rush to raise rates. […]
