Author Archive: Jeremy Parkinson
EURUSD, EURCAD And XAUUSD TA – March 8
EURUSD intra-day analysis EURUSD (1.0563): EURUSD was seen retracing the gains made from last Friday with price action likely to test 1.0551 sometime today. Establishing support here could put the bias balanced on both sides, with the scope of a rally that could see 1.0700 being tested while a breach of 1.0551 could trigger a […]
Trump’s Defense Spending Plans Make These ETFs Buys Again
Defense stocks have been rallying since the election on hopes of a big boost in military spending. In his address to the Congress, President Trump said that his upcoming budget would seek “one of the largest increases in national defense spending in American history.” The budget is expected to be released later this month. Trump […]
BlackRock: We Believe European Near-Term Political Risks Are Probably Overstated – Here’s Why
Markets are anxious about several upcoming European elections, all featuring anti-European Union (EU) or anti-euro parties. Last year proved upsets can happen, but we believe European near-term political risks are probably overstated. Written by Richard Turnill (BlackRockBlog.com) The Netherlands holds elections next week, soon to be followed by France, and later Germany and Italy. We […]
How To Trade With Rate Hikes On The Horizon?
Surveys Confirm That Analysts Are Expecting 3 Rate Hikes in 2017….. The time is nigh for rate hikes. On Tuesday, 13 March and Wednesday, 14 March, the Fed FOMC will be meeting to plot out the course of monetary policy vis-à-vis the Federal Funds Rate. The CME Group FedWatch tool now indicates an 86.4% probability […]
E EUR/USD Aiming For Lower Levels After A Minor Correction
EUR/USD is trading lower for the last few weeks away from 1.0828 where we see end of a red wave 4) corrective rally which puts wave 5) in play after a broken upward channel on February 08. So far, we have seen a nice move down which can be counted in five waves as labeled […]
China Trims Growth Target
It must never be forgotten that China is the world’s last remaining communist super-power. At the heart of the communist philosophy is the belief that ultimately, the people are in a struggle with capitalism which must be overthrown to establish a communist panacea across the world. The “experiment” that China is engaging with via its […]
5 Best Dividend Paying Mutual Funds To Buy In March
Several eminent economists believe that without a concrete budget plan or legislative strategy, President Donald Trump’s pro-growth agenda could turn out to be what Silicon Valley calls ‘vaporware’ or promises without a product. The tepid pace of growth of the U.S. economy in the fourth quarter coupled with stretched valuations are making bulls skittish and […]
Crude Oil Looking For Buying Area
Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. The decline starting from 2/23 high (54.94) is unfolding as a double three Elliottwave structure where wave ((w)) ended at 52.54 and wave ((x)) ended at 53.80. Near […]
What (Or Who) Is “Sarbanes-Oxley”?
Way back in 2002, you may remember something about a company called Enron, a company called WorldCom, and one of the big 5 (now 4) auditing firms, Arthur Anderson. In a very broad nutshell, Enron and WorldCom intentionally deceived investors into believing that they were making a lot of money when in reality the company was […]
Stocks Watchlist: CIEN, DOW, BLL
We could be in for an interesting day on the stock market if the closing price action is any indication. Bulls still have control of this market on the daily charts, but the bears intraday finally showed some signs of life today. Keep an eye out for that and make sure to keep. Here’s the […]
