Author Archive: Jeremy Parkinson
Norfolk Southern Posts Record Q1 Operating Ratio
Norfolk Southern Corp. (NYSE: NSC) early Wednesday posted better than expected first quarter earnings results, amid a record Q1 operating ratio and railway income.
The Global Systemically Important Banks: An Update
“The large global banks were at the heart of the global financial crisis. In response to the crisis, the international Financial Stability Forum was upgraded to the Financial Stability Board (FSB) in 2009, with the full participation of finance ministers and even heads of government. The newly established FSB then published an integrated set of […]
GBP/JPY Strong Bullish Zig Zag Pattern
The GBP/JPY has been bought on dips after Macron won the first round of French elections. Our Session Recap setup went as expected and now we see a continuation. Equities went bullish and GBP/JPY followed, reaching 143.00 zone. At this point, we see a huge MACD divergence which might drop the pair towards POC zone. […]
Euro, Yen Are Primed For BoJ, ECB Rate Decisions
The second half of this week’s calendar picks up considerably as we get rate decisions from the Bank of Japan on Thursday morning in Tokyo, followed by a European Central Bank meeting that kicks off a bit later in the day. Both Central Banks are dealing with similar issues right now, albeit on far different […]
Floor & Decor Sets Terms For Strong IPO
Floor & Decor (Pending:FND), a hard surface accessories and flooring retailer, has filed terms for its upcoming IPO. The company expects to raise $150M through the offer of 8.8 million shares at an expected price range of $16 to $18. Assuming Floor & Decor prices at the midpoint of the proposed price range, it would have […]
Tim Hortons/Burger King Parent Reports US$1 Billion Q1 Revenue, Beating Estimates
The owner of Tim Hortons and Burger King (Restaurant Brands International Inc. (NYSE:QSR) is reporting flat sales at its established locations in the first quarter but a 9% increase in revenue, which was above analyst estimates. BNN.ca QSR says: comparable sales at locations open at least a year were down one-tenth of a per cent at both […]
Busy Days For EUR/USD With Macron, Trump, The ECB And GDP
The last week of April began with a leap for EUR/USD on the favorable outcome of the French elections, but it is far from over. Trump’s taxes are causing troubles for Canada, but will they lift the US economy? Markets are bracing themselves for big events. The ECB decision mixes some worries about inflation with […]
Euro Drivers
There is one variable that explains the euro movement better than any other single variable we have found. The US-Germany two-year interest rate differential continues to be highly correlated with the euro-dollar exchange rate. Specifically, the percent change in the differential (or swap rate) and the percent change in the euro have a 0.56 correlation over […]
Elliott Wave Theory: Is Elliott’s Theory Enough?
Elliott Wave Theory: Is Elliott’s Theory a system in itself? As many traders know, The Elliott wave Theory is a form of technical analysis that finance traders use to analyze financial market cycles and forecast market trends by identifying extremes in investor psychology, highs and lows in prices, and other collective factors. Elliott’s Theory was developed by Ralph […]
