Author Archive: Jeremy Parkinson
Technical Levels For Majors And Crosses – Easter Edition
Trump triggered an uptick in foreign exchange volatility and currencies have moved. What technical levels should we look out for? The two videos below describe the levels to look out for in the upcoming week. Lines of support and resistance for the major pairs: EUR/USD, GBP/USD, USD/JPY, USD/CAD, AUD/USD, NZD/USD and USD/CHF. Lines of resistance […]
April 14 Daily Market Snap
Here’s what to watch out for today. 12:30 PM GMT US Core CPI At 12:30 PM GMT, the Core CPI numbers month over month for March come out of the United States, expected to be 0.2% at the time of announcement. A number higher than that will be good for the US dollar as it […]
Barrick Gold & Goldcorp Among 5 Companies With The Lowest Extraction Costs
Written by SmallCapPower.com Increasing geopolitical tensions have created upward momentum in the gold price of late. The 5 Canadian gold mining stocks—not only small caps—identified below have the lowest extraction costs (or cash costs) in the mining industry and, given their low production costs, will likely benefit most from a rising gold price environment. Cash costs refer […]
Easter Algos Dump Dollar After Dour Data Deluge
Earlier this morning the reflation narrative rolled over and died. That’s not just our dour assessment. Look around. The other folks who know what they’re talking about said exactly the same thing we did. Namely, that when it comes to the global reflation meme, the following is “bigly” bad… As a reminder, this comes on the […]
Trump’s Not So Great Deal With China
President Trump’s recent summit with Chinese President Xi Jinping was only modestly successful. The hard reality is that on both security and economic issues, the United States and China are rivals — not partners — and much tougher days lie ahead. Messrs. Trump and Xi reached no substantive agreement to curb North Korea’s nuclear program and on trade, […]
Widespread Bearishness Indicating Market Nearing A Turning Point?
Bearish sentiment has overtaken what was a bullish environment that unfolded after last year’s election. The sentiment change can be attributed to a number of factors, such as continued gridlock in Washington, U.S. bombing campaigns in several countries overseas, etc. Most of the return generated by the equity market over the past two years has […]
EURNZD Double Three Elliott Wave Structure
The EURNZD rally this week failed as pair found sellers in 1.5355 – 1.5399 area and made new lows below 1.5149 low. With the new low seen today, the pair is now showing 5 swings sequence down from 3/24 (1.5485) peak. 5 swings means the sequence is incomplete and is in need of another swing lower […]
Weekend Reading: Markets Go On Alert
In my money management process, portfolio “risk” is “ratcheted” up and down based on a series of signals which tend to indicate when market dynamics are either more, or less, favorable for having capital exposed to the market. This model is published each week in the Real Investment Report as shown below: As you will notice, portfolios NEVER reach 100% cash […]
A Bankruptcy Of Nuclear Proportions
With the failure of Westinghouse, the future of American nuclear power looks even bleaker. (JEFF FUSCO/Getty Images) Summary In any given year, a handful of companies file for Chapter 11 bankruptcy in the United States. Rarely, however, does one of these filings reverberate beyond the boardroom and into the realm of geopolitics. Those that do […]
China Faces An Impossible Trinity As Debt To GDP To Hit Over 300% In 2-3 Years
Chinese financial engineers are currently in the process of testing what it calls the ‘Impossible Trinity’ of market feats, a Deutsche Bank report says. The level of difficulty is high as China walks a debt tightrope with rising interest rates potentially creating a tricky headwind as China’s debt servicing costs reach levels hard to manage. Can capital controls […]
