Ron Rosen: USD & Equities Will Plunge Together – While Gold & Mining Stocks Soar
Aug 24, 2017Jeremy Parkinson0
The S&P 500 and the Dow have accompanied the U.S. Dollar Index on its huge corrective zig-zag rise and will continue to accompany it on its coming collapse. Gold, and its miners, wait in anticipation of the U.S. Dollar Index crossing the 91.88 level before they move explosively upwards. The dollar has been falling lately, which […]
Flat Finish To The Week; Cadila Healthcare Rallies 7%
Aug 24, 2017Jeremy Parkinson0
Indian share markets finished marginally higher for the week in a thin trade amid buying in pharma stocks, software stocks and capital good stocks. At the closing bell, the BSE Sensex closed higher by 28 points and the NSE Nifty finished up 5 points. The S&P BSE Mid Cap finished up by 0.8% while & S&P BSE Small Cap too finished up by 0.4%. FMCG stocks, realty stocks and oil & gas […]
Billionaire Rob Citrone Turns Bullish On AMD, Micron, Alibaba
Aug 24, 2017Jeremy Parkinson0
Will AMD, Micron and Alibaba Help Turn This Fund Around? Rob Citrone is the fund manager behind the $4.12 billion Discovery Capital Management fund. In Q2 Citrone ramped up holdings in key portfolio stocks including Advanced Micro Devices, Inc (Nasdaq:AMD), Micron Technology Inc (Nasdaq:MU) and Alibaba Group Holding Ltd (NYSE:BABA). Citrone, like other big-name fund managers […]
Futures Suggest Positive Start For Market
Aug 24, 2017Jeremy Parkinson0
Stock futures are higher as investors prepare to receive weekly jobless claims data, existing home sales, and the weekly natural gas inventory report. Also of interest will be a Paul Ryan interview this afternoon on CNBC and the start of the annual Jackson Hole, Wyoming conference. In early pre-market trading, Dow futures are 51 points […]
An Oil Price Forecast Will Burn The “Short Artists”
Aug 24, 2017Jeremy Parkinson0
You’re likely to catch plenty of oil doom and gloom on cable news right now, but West Texas Intermediate is up nearly $1 a barrel over the past 30 days. I can’t think of a better object lesson in why you shouldn’t believe the players and short artists who make money whenever you believe crude prices are headed lower. […]
Japan’s Tourism Boom To Bring Growing Political Support For Yen Depreciation
Aug 24, 2017Jeremy Parkinson0
The boom in Japan’s inbound tourism is arguably the most tangible success story of Abenomics. Propelled by a steady stream of visa rule deregulation that started the first week that “Team Abe” moved into the prime minister’s office in December 2012, inbound tourist arrivals have risen almost fourfold, from a 2012 monthly average of 697,000 to […]
Global Markets Rise As Shutdown Fears Recede; All Eyes On Wyoming As Jackson Hole Begins
Aug 24, 2017Jeremy Parkinson0
U.S. stock-index futures are fractionally in the green as European shares rise, Asia is mixed and oil drops modestly. Global risk staged a rebound and markets unwound some of yesterday’s safe-haven moves as U.S. government shutdown fears receded and concerns about the Trump administration’s ability to enact its fiscal agenda were put on the back-burner […]
Has The Fed Completely Lost Control?
Aug 24, 2017Jeremy Parkinson0
An interesting thing happened on the way to World Domination, uhh, I mean “Stability” – the data quit cooperating with the Federal Reserve’s carefully devised planned. Just recently the Federal Reserve quit updating their carefully constructed “Labor Market Conditions Index” which failed to support their ongoing claims of improving employment conditions. The chart below is the last iteration before it was discontinued […]
Bitcoin Building A Base, Ripple Volume Surges In Korea
Aug 24, 2017Jeremy Parkinson0
The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe. Bitcoin (BTC) Eyes a New High after SegWit2x Implemented Digital currency heavyweight Bitcoin is beginning to form a new base on the three hour and daily chart which could set it up for […]
USD Consolidation Around Support Level, Retracement Next?
Aug 24, 2017Jeremy Parkinson0
After five months of consecutive declines, reaching the lowest level since April of last year around 92.50’s, the US Dollar has been trading within a very tight range, with no clear break to the upside or the downside. Long-Term Support Area Since the beginning of the month, the US Dollar index is trading within […]