Author Archive: Jeremy Parkinson
The Recent Presidio IPO Fails To Create Interest
Many expected the Snap IPO earlier this year to help drive more tech Unicorns into the public markets. Some have followed suit and listed, but to rather unimpressive results. One such company is IT solutions provider Presidio (PSDO). Presidio’s Offerings Presidio, formerly known as Aegis Holdings, was founded in 2003 by Pete Kocks. It was […]
JAB Holdings to buy Panera Bread for $7.5bn
On April 4, Krispy Kreme owner JAB Holdings signed a $7.5bn deal to acquire bakery chain Panera Bread – representing the biggest restaurant deal in US history. The news caused shares in Panera to jump 14 percent, reaching record highs of $312.98. The companies hope to close the deal in the third quarter of 2017, […]
US approves $43bn ChemChina-Syngenta deal
On April 4, the US Federal Trade Commission (FTC) approved a $43bn merger between Swiss chemical company Syngenta AG and China National Chemical Corp (ChemCorp). While Syngenta hailed the decision as a “major step” in the process, FTC approval carried the condition that each company must divest three types of pesticide: the herbicide paraquat, the […]
EUR/JPY Elliott Wave View: Pullback Ended
Short term Elliott Wave view in EURJPY suggests that the decline to 118.18 on 2/24 ended Primary wave ((4)). Primary wave ((5)) is currently in progress higher and the rally from Primary wave ((4)) low at 118.18 is unfolding as an ending diagonal Elliott wave structure where Intermediate wave (1) ended at 122.88. The subwaves of Intermediate wave (1) takes […]
Greenback Consolidates Losses As Yields Stabilize
The US dollar remained under pressure in Asia following the disappointment that the FOMC did not signal a more aggressive stance, even though its delivered the nearly universally expected 25 bp rate hike. News that the populist-nationalist Freedom Party did worse than expected in the Dutch elections also helped underpin the euro, which rose to […]
NYC Rents Need To Fall Up To 15% Says Billionaire Real Estate Investor
Billionaire real estate investor Richard LeFrak sat down with Bloomberg this morning and unloaded some rather disappointing predictions for New York real estate owners, namely that they should expect 10-15% rent reductions over the coming months/years. As we have several times as well, LeFrak said the pricing weakness will come courtesy of a massive oversupply of new apartment […]
Dollar Slides In Asia As Fed Comments Sink In
On Wednesday, the U.S. Federal Reserve confirmed an interest rate hike of 25 basis points, sending U.S. stock prices broadly higher and confirming traders’ expectations, without giving any tangible hints towards future monetary policy. Nevertheless, according to a Reuters poll released on Wednesday, analysts expect at least two more rate hikes in 2017 and as […]
Dollar Bullish Or Bearish?
I have been bearish the Dollar expecting this downward move. Last night I closed all my Dollar short positions and today I’m opening Dollar longs. The Dollar index has reached the important 61.8% Fibonacci retracement and is looking ready for a bullish reversal. The Dollar index needs to reverse from current levels if my view […]
Pound, Franc Fireworks Unlikely On BOE And SNB Rate Decisions
A Bank of England monetary policy announcement tops the calendar in European trading hours. Governor Mark Carney and company seem firmly locked in wait-and-see mode however, meaning the outcome may not offer a lasting lead to the British Pound. The UK economy looks relatively well-supported despite a run of softer data over the past month but Brexit-related worries […]
