Author Archive: Jeremy Parkinson
USD: The Pain Trade – Morgan Stanley
The fallout from the dovish Fed decision continues and some see a long term change to the downside. What’s next? Here is the analysis from Morgan Stanley: Here is their view, courtesy of eFXnews: More short-term USD weakness. “The dovish Fed – discouraging USD bulls – has led to a de-positioning move supporting the once shunned currencies. GBP, […]
The Stock Market Likes Higher Inflation… For Now
The US stock market continued to climb out of a hole yesterday. The S&P 500 closed at its highest level so far this year. Yesterday’s rise comes a day after the Federal Reserve decided to hold off on rate hikes, citing increased macro risks–here and abroad. But if equities are reacting positively to revived expectations […]
EC Have Economists Learned Nothing Since The 1970s?
Judging by Ambrose Evans-Pritchard’s 15th March article in the Financial Times, which rehashes the most popular economics-related fallacies of the 1970s, the answer to the above question is a resounding NO. Here’s an excerpt from the article that neatly encapsulates the ideas that were widely believed by economists during the 1960s-1970s, that were shown to be false during […]
WTI Crude Oil And Natural Gas Forecast – March 18, 2016
WTI Crude Oil The WTI Crude Oil market rose during the course of the session on Thursday, breaking above the $40 level. This is a very interesting move, because we know that shale oil producers are looking to enter the market somewhere around the $40 level. Because of this, it’s hard to imagine this market […]
Silver Fundamentals: The Numbers Don’t Lie
“Statistics can be used to say anything.” Many readers are familiar with this cliché, but few understand its real significance . Numbers don’t lie, meaning the raw data which we collect on a nearly infinite number of subjects. Statistics, on the other hand, are rarely just raw data. Instead, they are numbers that have been massaged (i.e. manipulated) with various […]
Dollar Trims Losses Ahead Of The Weekend
The US dollar is firmer against most major and emerging market currencies to pare this week’s decline. There are three notable exceptions,and they are all in Asia. For all practical purposes, the dollar is flat against the Japanese yen near JPY11.30. The South Korean won is up almost 1% to extend this week’s pace-setting the gain to 2.65%. The dollar has fallen 7.2% […]
U S Dollar Index – Is Rising Inflation The Fed`s Nightmare Scenario
Is a rising inflation problem going to force the Fed`s hand into raising interest rates faster than the financial markets currently have priced in with many asset classes from bonds, the U.S. Dollar, and equities. (Video length 00:17:44)
U.S. Oil Prices Hit $40 A Barrel, Extending Rally
Oil prices saw slight increases in Asian trade on Friday reaching new highs for 2016 following strong gains the previous session. The oil sector seems confident that major oil producers will strike a deal to freeze output and the current secure interest rate environment has investors optimistic that prices will continue to rise. U.S. crude […]
Sugar Prices Surge To 16-Month Highs Despite Britain’s Controversial Tax
Raw sugar prices spiked to their highest level in 16 months Thursday, as supply concerns outweighed Britain’s recent Budget announcement making it one of the first countries to introduce a sugar tax on soft drinks. Raw sugar for May delivery surged 3.4% to $15.99 on the ICE Futures US exchange Thursday, its highest settlement since […]
Silver Soars Post-Fed As Gold Ratio Tumbles Most In 5 Months
Two weeks ago we hinted at the flashing red warning coming from ‘a 4,000 year old’ financial indicator. The Gold/Silver ratio had reached extremely high levels, which at the time we explained… This isn’t normal. In modern history, the gold/silver ratio has only been this high three other times, all periods of extreme turmoil—the 2008 crisis, […]
