Author Archive: Jeremy Parkinson

Narrowing U.S. Consumer Confidence To Fuel EUR/USD Breakout

Narrowing U.S. Consumer Confidence To Fuel EUR/USD Breakout

– U.S. Consumer Confidence Survey to Narrow From Highest Reading Since 2001. – 12-Month Inflation Expectations Have Softened for Last Two Consecutive Months. Trading the News: U.S. Consumer Confidence A downtick in the Conference Board’s U.S. Consumer Confidence survey may drag on the greenback as it casts a weakened outlook for growth and inflation, but the figure may […]
Markets Finish Strong; Nifty Closes At All Time High

Markets Finish Strong; Nifty Closes At All Time High

Indian share markets continued to witness buying momentum in the afternoon session fueled by a rally in Reliance Industries and other blue chips on upbeat earnings. The sentiments also remained upbeat on strong global cues after centrist candidate and market favorite Emmanuel Macron won the first round of the French presidential election. At the closing bell, […]
World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

World Stocks Hit All Time High, S&P Futures Rise To Within 1% Of Record

After yesterday’s violent gap up in stocks across the globe in response to the “expected” outcome from the French election, today the risk on sentiment has continued if to a lesser extent, with stocks in Europe, Asia all rising while S&P futures point to a higher open. Yen, gold decline, while the euro traded as […]
Euro Consolidates Gains, Bond Market Sell-Off Continues

Euro Consolidates Gains, Bond Market Sell-Off Continues

  The US dollar is again at the fulcrum of the foreign exchange market. The dollar-bloc currencies are under pressure, along with the Japanese yen, while the European complex is posting modest gains.     The euro is consolidating in the half cent below $1.09. Yesterday’s marked up in early Asia saw the euro complete the 61.8% retracement […]
Dollar Continues To Fall, While Stocks Continue Rising

Dollar Continues To Fall, While Stocks Continue Rising

The very strong relief rally following the French elections caused stock markets globally to climb upwards. The election outcome was in line with polls, with pro European Candidate Macron probably gaining the Presidency with a 60% chance on May 7th. With political uncertainty related to the French presidential election cleared (for now at least), focus […]
Europe Is A Buy, Says Morgan Stanly Analyst Who Made The Prediction In March

Europe Is A Buy, Says Morgan Stanly Analyst Who Made The Prediction In March

With the first round of the French election in the rearview mirror, there are clear winners and losers. With Emmanuel Macron and Marine Le Pen facing the chosen two to face off in a May 7 election, Morgan Stanley says the outcome will be benign: markets will win.It will be interesting to see if Horseman Capital […]
Crude Oil Prices Look To Inventory Data For A Lifeline

Crude Oil Prices Look To Inventory Data For A Lifeline

Crude oil prices continued to decline, dropping to the lowest level in a month. A standout catalyst explaining intraday losses was not readily apparent but the broader narrative making the rounds on the newswires pointed to concerns about the inability of OPEC output cuts to boost prices in the face of swelling swing supply. Sellers’ resolve […]
Google Market Cap Hits An All Time High $600 Billion

Google Market Cap Hits An All Time High $600 Billion

Even as the US “brick and mortar” retail industry is in a tailspin of historic proportions, its ad spending must be better than ever, because on Monday Google parent Alphabet closed up 2.3%, hitting a new record high, and as Bloomberg pointed out first, the company’s market value crossed above $600 billion for the first […]
Major US Dollar Pairs Indicate Bull Flag Chart Patterns

Major US Dollar Pairs Indicate Bull Flag Chart Patterns

EUR/USD 4 hour The EUR/USD is moving sideways and respecting the 61.8% Fibonacci resistance level of wave 2 (green). A bullish break could see price build an extension towards the 78.6% Fibonacci level. 1 hour The EUR/USD bounced at the 50% Fibonacci support level and most likely in a wave 4 (pink) correction. A break […]
5 Reasons To Bottom Fish Semiconductor ETFs

5 Reasons To Bottom Fish Semiconductor ETFs

Semiconductor stocks were the star performers of the broader technology space in 2016 thanks to upbeat earnings, consolidation activities and innovative technologies. Areas like autonomous cars, 3D printers, fitness devices and IoT fueled growth in the sector, offsetting the otherwise-saturating businesses like PCs and smartphones.  As a result, semiconductor ETFs including VanEck Vectors Semiconductor ETF (SMH – Free Report) […]