Author Archive: Jeremy Parkinson
Japan Announces New Recession, At This Important Price Point
CLICK ON CHART TO ENLARGE The worlds third largest economy announced overnight that it was slipping into recession shares CNBC this morning. (see article here) This new appears to have surprised a few people and raises some questions if policies of devaluing the yen by Prime Minister Shinzo Abe, might not be working as planned. From […]
Obama’s Peculiar View Of Economics And Law
President Obama has a peculiar approach to public policy. Listen to what the radical left wants, or political expediency requires, then make up the facts, twist economics and rewrite the law to suit. Here are four examples. 1. Obamacare When the president shaped the Affordable Care Act, the country needed to provide health care coverage […]
EUR/USD Forex Signal For November 17, 2014
EUR/USD Signal Update Last Thursday’s signals were not triggered as the price did not reach either 1.2400 or 1.2500 during that day’s London session. Today’s EUR/USD Signals Risk 0.75% Trades must be made before 5pm London time. Short Trade 1 Short entry following bearish price action on the H1 time frame immediately following the next touch […]
Japan Shocks, BOE Warns, Europe Prepares
The US dollar is mostly higher to start the week, with two exceptions. The first is the yen. The unexpected contraction in Q3 GDP triggered a stock market slide (Nikkei off 3%, giving back around 40% of this year’s gains) and spurred a dramatic short-covering squeeze in the yen after the greenback first pushed briefly through […]
Japan: Recession
Econintersect: Japan has entered its second recession in three years, its fourth in the last six years and its fifth of the 21st century. GDP contracted by 0.4% in the third quarter (-1.6% annual rate), following a decline of 1.9% in the preceding quarter (-7.3% annual rate). Reuters had reported an expectation for a gain of […]
Minor Gains Continue As Semiconductors Shape Handle
While I’m late with this weekend’s update there was very little to add from Thursday. Best of the action remains in the Semiconductors, which is shaping a solid handle in preparation for a possible break higher (ignore the ‘Death Cross’ between 20-d and 50-d MAs – this is now a ‘Golden Cross’). I don’t think […]
Traders Report November 17th
All Ords Index The Australian Sharemarket lost ground last week and retraced slightly. From a technical perspective the index reversed at the resistance level of 5520 which was established from the peaks of April May and June as seen on the chart below. The current support level sits at 5420 which was formed by the […]
Forex Week In Review
Last week was largely positive for the major markets with only Germany’s Dax losing ground. In Europe over the course of the week, the FTSE was up by 1.3%, it closed at 6654.4; the Dax ended at 9252.9, down by 0.42% on last week’s close; the CAC was up by 0.3% to end the session […]
The Cruel Injustice Of The Fed’s Bubbles In Housing
As the generational war heats up, we should all remember the source of all the bubbles and all the policies that could only result in generational poverty: the Federal Reserve. Federal Reserve chair Janet Yellen recently treated the nation to an astonishing lecture on the solution to rising wealth inequality–according to Yellen, low-income households should […]
Hones Abe
Shinzo Abe didn’t fool any of the people any of the time. Japan is now in a recession by the standard definition of two quarters of declining GDP in a row. The timing leaves little doubt that this recession was caused by the 3% increase in the consumption tax this April fools day. Japan’s GDP […]
