Author Archive: Jeremy Parkinson
Sensex Stays Flat; Metal Stocks Tank
After opening the day on a flat note, share markets in India have remained range bound and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the power sector leading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading down by […]
French Elections 2017: Trade The Uncertainty, Not The Outcome
Francois Fillion in meeting for the primaries of the political party Les Republicains. If there’s one thing that Brexit and the U.S. elections have shown, the only certainty, at least in the current global landscape is uncertainty. Opinion polls have continued to shift back and forth, and so far, the major narrative has been that […]
EUR/USD Reaches Fibonacci Of Wave-B In Consolidation Zone
EUR/USD 4 hour The EUR/USD indeed bounced at the resistance trend line (red) but the reaction has been mild and choppy, which makes an expanded correction within waves Y (green/blue) likely. A break above resistance (red) could see price move higher to test the Fibonacci levels of wave 2 (purple) but a push above the […]
Health Insurance Innovations Leads Top Upgrade List
For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Health Insurance Innovations, Inc. (HIIQ) is our top-rated upgrade this week and it is a STRONG BUY. Our other […]
RBA Sits On Its Hands – AUD/USD Rises
The Reserve Bank of Australia left the interest rate unchanged at 1.50% as widely expected. And also the accompanying statement seems somewhat unchanged. While they do mention that a stronger A$ could complicate matters, this is the same text that we have seen beforehand. Among the positive notes: the economy is doing OK and stronger global […]
Oil Prices Hold Steady While Markets Search For Direction
Oil prices remained fairly stable during Tuesday’s Asian session, with both Brent crude and U.S. WTI crude down 0.1 percent each. Brent crude traded at $55.94 per barrel, down 7 cents per barrel, while U.S. WTI crude traded at $53.17 per barrel, down 3 cents per barrel. Despite OPEC’s commitment to cut production and its […]
USD/CNH Patterns To Watch After China Talks 2017 Goals
Yuan Rates USDCNH Daily Prepared by Michael Boutros. USDCNH cleared a multi-week consolidate range last week with the rally breaking through down-trend resistance extending off the yearly high and the 61.8% extension of the advance off the yearly low at 6.8736. Note that the move was accompanied by a resistance trigger-break in momentum and keeps the focus […]
Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax
Two weeks ago, we pointed out that when Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, one month ago, after the tax went into effect on January […]
AUDNZD, EURGBP And GBPUSD TA – Tuesday, March 7
AUDNZD intra-day analysis AUDNZD (1.0875): The Australian dollar is seen some strong gains this morning following the RBA’s rate decision. The Kiwi, on the other hand, is trading subdued with data from earlier this week showing weaker dairy prices. On the hourly chart on AUDNZD, price action has formed a doji near the top end […]
Lisa M Jones’ Q4 Stock Picks: NVIDIA Corporation, Micron Technology, Inc., And Apple Inc.
Hedge fund manager Lisa M Jones is the CEO and President of the $28.42 billion Pioneer Investment Management fund. In Q4 she demonstrated a bullish attitude towards NVIDIA Corporation (NVDA) and Apple Inc.(AAPL), but 13F forms filed with the SEC reveal that she slashed the fund’s shares in semiconductor Micron Technology, Inc. (MU). Jones is ranked #63 […]
