Productivity Up 2.9% – Real Hourly Earnings Down: Thank You Fed!
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
Productivity for the second quarter rose 2.9%. Year-over-year inflation-adjusted hourly earnings are down. The BLS report on Productivity and Costs for the Second Quarter 2018 shows that despite productivity increase, real wages are declining. Nonfarm business sector labor productivity increased 2.9 percent during the second quarter of 2018, the U.S. Bureau of Labor Statistics reported today, as […]
EUR/USD Price Analysis: Euro Testing 1.13 – Is Relief In Sight?
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
Euro testing near-term structural support- a threat for recovery while above 1.1275 Euro is trading into fresh yearly lows today with price now testing key near-term support objectives. Here are the updated targets and invalidation levels that matter on the EUR/USD charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. EUR/USD DAILY PRICE CHART […]
AUD/USD: Bearish Trend Still Dominates Ahead Of AU Jobs
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
The price action so far today is emblematic of a textbook “risk off” day: stocks are falling across the globe, oil is trading off by nearly 3%, bond yields are generally retreating, and the yen is the strongest performing major currency (though we would note that gold bugs still can’t seem to catch a break!). One […]
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US Monetary And Fiscal Authorities Need To Get Their Acts Together
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
A Fed that is determined (for now) to raise the Fed funds rate is driving up the US dollar and inflicting hardship on Emerging Markets…. Historically, Fed Chairs liked to consider the Fed being just the central bank for the US until things blew up globally. Powell is no exception. We could be witnessing a […]
SEC Subpoenas Tesla Regarding Privatization Plans And Musk’s Statements
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
The SEC launched a formal investigation into Tesla by the SEC over Musk’s allegations. More lawsuits filed. SCOOP: SEC ramps up investigation into Tesla privatization plans; sends subpoenas to Tesla regarding privatization plans and Musk’s statements involving “funding secured”–sources Subpoenas signal investigation has reached the “formal” stages — sources more now @FoxBusiness * — Charles […]
Crude Oil Price Analysis: Sell-Off Approaching Key Support Targets
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
Crude oil sell-off intensifies- possible relief at upcoming support targets Crude oil prices have plummeted nearly 14% off the July highs with the decline now approaching broader up-trend support. Here are the updated targets and invalidation levels that matter on the Crude Oil charts. Review this week’s Strategy Webinar for an in-depth breakdown of this setup and more. CRUDE […]
Will Sonos Make Sweet Music For Investors Wallets?
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
There have been a flurry of initial public offerings lately and Sonos is no exception. They have been in business for a while now and decided to take their company public. Many investors love IPOs and always want to get in early, but not all turn out to be smart investments for investors wallets. Where […]
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Forex Analysis Of USD/JPY For Wednesday, August 15
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
First, we look into the previous day trade and what happened on August 14, 2018, and the USD/JPY pair opened at 110.629 and went high at 111.307 and gone low 110.580 and finally closed at 111.140. The calculated pivot point for the day is 110.009. The difference between high and low was nearly 0.727 points […]
Gold Price Forecast: Bearish RSI Signals Warn Of Further Losses
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
GOLD TALKING POINTS Gold prices are back under pressure amid the recent strength in the U.S. dollar, and the precious metal stands at risk for further losses as the bearish momentum appears to be gathering pace. GOLD PRICE FORECAST: BEARISH RSI SIGNALS WARN OF FURTHER LOSSES The inverse relationship between gold and the U.S. dollar may become […]
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Forex Analysis Of GBP/USD For Wednesday, August 15
Aug 15, 2018
Jeremy Parkinson
Finance, No picture
Every day is not an independent day in forex trading and it is an extension of previous day trading. First, we look into the previous day trade and what happened on August 14, 2018, and the GBP/USD pair opened at 1.27594 and went high at 1.28170 and gone to low at 1.27039 and finally closed […]