EURUSD: Merkel Has Failed To Form A Coalition Government
Nov 20, 2017Jeremy Parkinson0
Previous: On Friday the 17th of November, trading on the euro/dollar pair closed slightly up. Despite continued pressure on the euro due to difficulties in Germany in forming a coalition government, the single currency was bolstered by a surge in demand following a retreat by traders towards safe haven assets amid new developments concerning North Korea. […]
German Coalition Talks Pressure Euro, Global Stock Markets
Nov 20, 2017Jeremy Parkinson0
The euro was lower against most of its principle trading partners on Monday after German coalition talks stalled, weakening the position of German Chancellor Angela Merkel further. The euro was trading at $1.174, down 0.46 percent as of 3:04 p.m. HK/SIN on Monday. The common currency was also down 0.48 percent against the yen, to 131.49, […]
Profits Beckon In The Emerald Of The Equator
Nov 20, 2017Jeremy Parkinson0
Video Length: 00:03:54 Four Pillars of GDP: Driven by private consumption Indonesia’s GDP has been growing at a rapid pace, 5% over the past year. Private consumption and investment have been the main contributors to GDP growth, while government consumption has been slightly reduced, despite the government’s big plans for infrastructure and energy investments over the […]
U.S. Dollar And Gold
Nov 20, 2017Jeremy Parkinson0
Many people think that the US dollar and gold go in the opposite directions. Well, in many cases it is true but look at this chart: Source: Stockcharts.com The chart shows that taking 2008 as a starting point (financial crisis of 2007 – 2008), both instruments (gold and dollar) are significantly up: gold: 37.1% US dollar: 30.7%
S&P 500 And Nasdaq 100 Forecast – Monday, Nov. 20
Nov 20, 2017Jeremy Parkinson0
S&P 500 The S&P 500 fell a bit during the trading session on Friday, as we continue to grind back and forth. Currently, I believe that the market is essentially trying to catch his breath after a significant move higher, as we have essentially gone nowhere over the last couple of weeks. I believe that […]
USDCAD Daily Analysis – Monday, Nov. 20
Nov 20, 2017Jeremy Parkinson0
USDCAD stays above a rising trend line on the 4-hour chart and remains in the short term uptrend from 1.2666. As long as the price is above the trend line, the upside movement could be expected to continue and a breakout of 1.2819 resistance could take price towards 1.2916 previous high. Near-term support is at […]
Macro Mondays: Asset Allocation
Nov 20, 2017Jeremy Parkinson0
I’m often asked about asset allocation and whether or not there is a correct way to go about allocating asset groups in your portfolio. Before we can answer that question, it helps to learn a thing or two about the asset allocation process in general – and that is what we will do today! To […]
EUR/USD Falls With German Coalition Talks
Nov 20, 2017Jeremy Parkinson0
German Chancellor Angela Merkel was unable to form a coalition. The talks between her own CDU party, the sister Bavarian CSU party, the Greens, and the FDP failed. A weekend full of negotiations was inconclusive. EUR/USD opened the week on lower ground, erasing some of the gains it had enjoyed in the previous week. The […]
Gold Prices May Continue Higher As German Coalition Crumbles
Nov 20, 2017Jeremy Parkinson0
Gold prices pushed higher Friday – posting the largest daily gain in nearly three months – as risk aversion weighed on bond yields and cooled Fed rate hike bets. That offered a familiar boost to anti-fiat and non-interest-bearing assets epitomized by the yellow metal. Sentiment soured after Special Counsel Robert Mueller subpoenaed the Trump campaign. Crude oil prices […]
USD/JPY Falling Wedge Approaches 38.2% Fibonacci Level
Nov 20, 2017Jeremy Parkinson0
USD/JPY 4 hour The USD/JPY is approaching a 38.2% Fibonacci support level and potential bounce spot. A failure for price to break above resistance could still indicate an extension of the bearish correction towards lower Fibonacci levels like the 50% Fib. 1 hour The USD/JPY is testing the support trend line (green) which could cause […]