BTC/USD Forex Signal – Monday, August 27
Aug 27, 2018
Jeremy Parkinson
Finance, No picture
Last Thursday’s signals were not triggered, as none of the key levels were ever reached that day. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch […]
Shocking Look At Average Vs. Median Household Savings
Aug 27, 2018
Jeremy Parkinson
Finance, No picture
I have been on a rampage about average vs median income. Here’s a report about average vs median savings. Magnify Money asks How Much Does the Average American Have in Savings? The question is irrelevant. The story is how unprepared the median person is prepared for retirement. On that score, the article does explain. Stats The […]
Crude Oil Prices Eye OPEC+ Committee Meeting For Direction Cues
Aug 27, 2018
Jeremy Parkinson
Finance, No picture
Commodity prices rose Friday as a much-anticipated speech from Fed Chair Jerome Powell at the Jackson Hole symposium stuck to familiar themes, leaving the status quo rate hike outlook intact. That translated as disappointed weakness in the US Dollar, which rallied in the prior session in anticipation of an upturn in hawkish rhetoric. Gold prices were understandably buoyed by […]
Indian Indices Open At Fresh Record Highs; Sensex Up Over 300 Points
Aug 27, 2018
Jeremy Parkinson
Finance, No picture
Asian shares are trading on a positive note today. The Nikkei 225 is up 0.9% while the Hang Seng is up 2%. Back home, India share markets opened the day on a positive note. Both, the NSE and the BSE, are trading at their lifetime highs. The BSE Sensex is trading up by 307 points (up 0.8%) while the NSE Nifty is trading up by 88 […]
AUDUSD Daily Analysis – Monday, August 27
Aug 27, 2018
Jeremy Parkinson
Finance, No picture
AUDUSD failed to break below 0.7202 support and rebounded strongly from 0.7237. Further rally to test 0.7381 resistance is possible in the coming days, a break of this level could trigger further bullish move to 0.7450 area. Support is at 0.7290, only a breakdown below this level could bring the price back towards 0.7202 support.
Jackson Hole Meet; Depreciating Rupee; Top Stocks In Focus Today
Aug 27, 2018
Jeremy Parkinson
Finance, No picture
On Friday, Indian share markets settled marginally lower on Friday weighed by financials and consumer stocks amid caution in global markets. The S&P BSE Sensex ended at 38,252, down 85 points while the broader Nifty 50 index settled at 11,557, down 26 points. Among key stocks, Yes Bank and ICICI Bank were among the top losers on the BSE, falling 3.5% and 2%, respectively. The Indian […]
Forex Forecast: Pairs In Focus – Sunday, August 26
Aug 26, 2018
Jeremy Parkinson
Finance, No picture
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Tesla: Seriously, Musk, Who Cares About The Shorts
Aug 26, 2018
Jeremy Parkinson
Finance, No picture
Congrats to Elon Musk and Tesla shareholders for the late Friday decision to stay public. We’ve mentioned our $1000+ 12 month price target. That’s based on using a 50X PE on 2019 earnings numbers considering Tesla starts going profitable in Q3 and/or Q4. It sounded like this whole going-private idea was somewhat emotionally charged to avoid the shorts. Who cares about […]
EURUSD Weekly Analysis – Sunday, August 26
Aug 26, 2018
Jeremy Parkinson
Finance, No picture
EURUSD broke above 1.1550 resistance, suggesting that consolidation for the downside movement from 1.2555 is underway. Near term resistance is at the top trend line of the price channel on the daily chart. As long as the channel resistance holds, the downtrend could be expected to resume and another fall towards 1.1000 is still possible […]
Gold Prices Snap Six-Week Losing Streak As US Dollar Slides
Aug 26, 2018
Jeremy Parkinson
Finance, No picture
Fundamental Forecast for Gold: Bullish GOLD TALKING POINTS: Gold rebounds from multi-year support gathers pace post-Powell; supportive above 1180 Gold prices snapped a six-week losing streak with the precious metal up more than 1.9% to trade at 1206 ahead of the New York close on Friday. The recovery comes amid continued strength in broader risk markets, with […]