Author Archive: Jeremy Parkinson

Canadian Banks Are Your Friends

Canadian Banks Are Your Friends

About a month ago, TD Bank (TD.TO)(TD) was caught doing naughty things. They have been accused of pushing employees selling products clients don’t really need A bank pushing product sales? Nah, never gonna happen, right? To be honest, I laughed when I read that news. Many journalists jumped on this story and explain the world all banks […]
Is The Recent Divergence Between Soft And Hard Data Unusual?

Is The Recent Divergence Between Soft And Hard Data Unusual?

Judging by media, blogosphere, and Wall Street reports in recent weeks, it’s tempting to assume that the so-called soft economic data – surveys of spending plans, expectations, etc. – have become disconnected from reality, defined by the hard data, such as payrolls, sales, and production. Morgan Stanley, for example, recently advised that “there is a record gap […]
Technical Levels For Majors And Crosses – Post Easter Edition

Technical Levels For Majors And Crosses – Post Easter Edition

Markets are back from the Easter holidays and they are in full swing, with the pound standing out. What levels should we look out for? The two videos below discuss lines of support and resistance for both majors and crosses: Technical levels for major pairs – ahead of the French elections. Lines of support and […]
HelloPay To Be Rebranded Into Alipay Following HelloPay, Ant Financial Merger

HelloPay To Be Rebranded Into Alipay Following HelloPay, Ant Financial Merger

HelloPay Group, which runs the helloPay payment platform on online shopping and selling site Lazada, and Ant Financial Services Group, parent company of Alipay, a mobile and online payment platform in China, jointly announced a merger between helloPay Group and Ant Financial. Because of this merger, helloPay will be rebranded as Alipay Singapore, Alipay Malaysia, […]
Europe And S&P Futures Higher, Dollar Drops As OPEC Talks Oil Up

Europe And S&P Futures Higher, Dollar Drops As OPEC Talks Oil Up

European stocks rose amid earnings beats, offsetting weakness in the energy sector and easing investor concerns ahead of the weekend’s French election. Asian shares and U.S. futures also rise. The dollar weakens against the euro and most crosses, while crude oil rebounds following renewed OPEC chatter of a production cut, this time with Saudi Arabia […]
Euro Leads European Currencies Higher On French Election Optimism

Euro Leads European Currencies Higher On French Election Optimism

The Japanese Yen underperformed as investors’ mood brightened in Asian trade, with most regional shares rising and the standby anti-risk currency dutifully heading the other way. The US Dollar likewise fell, erasing the previous session’s recovery. Curiously, the greenback sank even as firming sentiment bid up Treasury yields, which had been a supportive dynamic just yesterday. Perhaps traders have concluded that the coast is […]
French Elections Poll Still Show Macron Leading With 23% – EUR/USD Unconvinced

French Elections Poll Still Show Macron Leading With 23% – EUR/USD Unconvinced

Yet another “no change” and “too close to call” daily poll by Opinionway: Macron is first with 23%, Le Pen second with 22% and the next two are Fillon with 20% and Melenchon with 19%. In the second round, Macron holds on to the wide margin of 30 points with 65% to 35%. However, Fillon […]
Sterling Surges On Early Election Announcement

Sterling Surges On Early Election Announcement

Bank Holiday Ends with A Bang The week following a long, holiday weekend in the UK was far from quiet as UK PM Theresa May made a shock announcement that she would be calling an early election on the 8th June. This latest vote will mark the fourth important, public voted for the UK in […]
The Real Story Of China’s Strong First-Quarter Growth

The Real Story Of China’s Strong First-Quarter Growth

After the solid first quarter performance, the central government may be in the unique position to achieve its growth target –  even while tightening. In the first quarter, China’s economy grew 6.9 percent; slightly faster than expected and led by strong expansion at factories. What the first quarter data reflects is solid growth in several […]
INDU Elliott Wave View: More Downside

INDU Elliott Wave View: More Downside

Short term Elliott Wave view in INDU (Dow) suggest that instrument is showing 5 swings sequence from 3/03 peak (21018) favoring more downside. From 3/03 peak INDU is following a Double three Elliott wave Structure, where Minor wave W ended at 20579 low and Minor wave X ended at 20887 peak. The index has since broken below the […]