Author Archive: Jeremy Parkinson
US Dollar Aims Higher On European Turmoil, Fed Outlook Rethink
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar may find boost from Brexit drama, Italy vs EU budget fight PMI surveys may prompt rethink of dovish shift in Fed rate hike bets US Thanksgiving holiday to drain liquidity into the end of the week Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, […]
E Market Briefing For Monday, Nov. 19
Anxious efforts to ignite rallies go well beyond seasonality; or the Fed chatter (actually secondary; because this is about debt and credit markets in a macro way; less so related to Fed-Fund rate hikes). And of course ‘trade’ and ‘tariffs’ (or even a ceasefire during negotiations) are what matters. This period of ‘indecision’ fundamentally, and […]
‘OptionSellers.com’ Goes Dark After “Catastrophic Loss Event” In NatGas “Rogue Wave”
Shorting vol (naked) with “Other People’s Money…”? What could possibly go wrong? Q: Have I lost all the money in account, then? A: Yes “Stocks are great, until they aren’t,” proclaims the now ‘dark’ website of Tampa-based OptionsSellers.com, explaining to ‘high net worth investors’ that “options are better but most make the mistake of buying them.” And so, the […]
EUR/USD Weekly Analysis – Sunday, Nov. 18
EUR/USD broke below 1.1301 support and extended its downside movement from 1.1815 to as low as 1.1215. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected to continue and the next target would be at 1.1100 area. Key resistance is at 1.1500, only […]
Brexit, Mixed Retail Earnings & Nvidia’s Weak Outlook Weigh On Stocks
On this episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson recap the week’s Brexit drama and major earnings results from the retail sector. The hosts also chat about Nvidia’s sluggish guidance and what it could mean for tech stocks. It was another uncertain week for global investors—thanks […]
Australian Dollar Can Hang On Again, But Downward Bias Remains
by David Cottle , Analyst Fundamental Australian Dollar Forecast: Neutral The Australian Dollar has held up quite well this month Overall risk appetite will probably decide its fate However this week’s local economic events may be supportive The Australian Dollar continues to hang tough against its US cousin, holding still above the long downtrend line that had held sway for much […]
Bullish SPX Holding Above 2600
I’ve been waiting for a pull back towards 2700-2690 as I said on twitter…. #SPX a bounce and a new low towards the 61.8% Fibo level is very possible. Expecting a bounce to 2770 and then 2700-2690. This could setup to be a very bullish formation as long as we hold the 2600 lows pic.twitter.com/bhQlDlFX4P […]
Value Hedge Funds Close Despite Plethora Of Bargains In Asia
This year, a number of high-profile hedge funds that follow the value discipline, have closed their doors. The latest is Three Bays Capital, which announced plans to close at the end of last month, following years of weak performance. Started in 2013 by former Highfields Capital Management money manager Matthew Sidman, Three Bays Capital once managed as much […]
Weekly Forex Forecast – Sunday, Nov. 18
USD/CAD The US dollar has rallied a bit against the Canadian dollar but struggled at the 1.3250 level. We rolled over to form a bit of a shooting star, and this suggests that we are going to struggle to go higher. However, if we clear the 1.3250 level, then the market should go higher. The […]
E Markets: Jive Turkeys
As the US winds down into the holiday season, there are pressing questions about correlations and causality across markets. Most would argue that the present price action in risk assets looks ugly, with confidence failing across key sectors. Blame for the pain trade starts with global politics and gets local with this last week bringing to […]
