Author Archive: Jeremy Parkinson

ECB Surprise From Draghi

ECB Surprise From Draghi

Yesterday’s Trading: On Thursday Draghi made the headlines. No central bank governor shifts the price like he can. The ECB decision and Draghi’s speech shot volatility on the euro/dollar up 3%. The same happened on 3rdDecember, 2015 when the EUR/USD rose 450 points to 1.0980 after an ECB meeting. Market volatility in December rose for […]
Dollar Recovers Against The Euro And Yen

Dollar Recovers Against The Euro And Yen

The euro is paring the recovery that began in the middle of the ECB’s press conference yesterday. The markets had reacted as one intuitively would expected to broad easing of interest rates and credit conditions.   The market reversed, and violently so, only after Draghi seemed to rule out further interest rate cuts. Many investors took this […]
What We Know About Draghi’s Coming Corporate Bond Purchases: The Winners And Losers

What We Know About Draghi’s Coming Corporate Bond Purchases: The Winners And Losers

In our snap assessment of the ECB’s decision yesterday, we highlighted some of the key highlights: the most important part of Draghi’s monetary expansion was the inclusion of investment grade non-fin European corporate bonds, a necessary precondition to expanding QE by €20BN due to the scarcity of treasury collateral; the total €1.6 trillion universe of eligible […]
EU Bullet Report | EUR And Gold Skyrocket After ECB

EU Bullet Report | EUR And Gold Skyrocket After ECB

Overnight, U.S. stocks were mixed on a volatile, choppy day of trading as European Central Bank president Mario Draghi spooked global markets by vowing not to reduce rates any further after its Governing Council approved a wide range of stimulus measures on Thursday. The move saw the EUR reverse earlier losses in a dramatic and brutal fashion […]
5 Stocks To Gain From Medical Device Excise Tax Exemption

5 Stocks To Gain From Medical Device Excise Tax Exemption

“The stock market is the story of cycles and of the human behavior that is responsible for overreactions in both directions.” – Seth Klarman Indeed, ahead of the race to the 2016 U.S. Presidential election, the investment scenario in the country looks rather tense. Investors are becoming more skeptic by the day as speculations fill […]
WTI Crude Oil And Natural Gas Forecast For March 11, 2016

WTI Crude Oil And Natural Gas Forecast For March 11, 2016

WTI Crude Oil The WTI Crude Oil market initially fell during the course of the session on Thursday, but found enough support just below to turn things back around and form a bit of a hammer. This tells us that the market could very well rally from here, and I believe a break above the […]
Picturing Pensions

Picturing Pensions

Photo Credit: Tori Barratt Crane || “When is the next pension check coming, dear?” I’ve seen a small group of pension articles in the recent past, none happy: Europe Faces Pension Predicament More Companies Freezing Corporate Pension Plans The Tragedy Of California’s Public Pensions Retirement Is Looking Even Worse for Americans A defined benefit pension is […]
Selling Wine And Investment Advice: The Same Methods Are Used

Selling Wine And Investment Advice: The Same Methods Are Used

Introduction In writing on wine and finance, I notice a lot of similarities. Most people cannot tell the difference between expensive and inexpensive wines, but the retailers use “descriptors” to convince them to buy. And while there are no investments strategies that outperform markets in the long run, those selling investment advice use their own […]
Will This Be A Major And Famous Gold Bottom?

Will This Be A Major And Famous Gold Bottom?

Mostly, we stick to the indicators in our methodology, which are driven by price action, sentiment, intermarket dynamics and futures market structures. However, exceptionally, we focus on more fundamental aspects. In this article, we’ll cover several aspects, from a very long term perspective. Fundamentally, we could make the case that gold has made a long […]
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                        Roller Skating In A Buffalo Herd

EC Roller Skating In A Buffalo Herd

The ECB fired its “bazooka” yesterday, cutting official rates more into negative territory, increasing QE by another €20bln per month, expanding the range of assets the central bank can buy to now include corporate bonds, and creating a new 4-year program whereby the ECB will loan long-term money to banks at rates that could be […]