Author Archive: Jeremy Parkinson

Coca-Cola Upgraded To Outperform From Neutral At Credit Suisse

Coca-Cola Upgraded To Outperform From Neutral At Credit Suisse

Credit Suisse analyst Laurent Grandet upgraded Coca-Cola to Outperform and raised his price target for the shares to $49 from $44. The stock closed yesterday up 41c to $43.48. With incoming CEO James Quincey taking over on May 1, and the refranchising nearly complete, Coca-Cola “has all the pieces in place to be successful again,” […]
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                        French Election – Bad Dream Intrusion

HH French Election – Bad Dream Intrusion

The “Nightmare Option” The French presidential election was temporarily relegated to the back-pages following the US strike on Syria, but a few days ago, the Economist Magazine returned to the topic, noting that a potential “nightmare option” has suddenly come into view. In recent months certainty had increased that once the election moved into its […]
US Business Cycle Risk Report – April 19

US Business Cycle Risk Report – April 19

Economic growth is expected to slow in next week’s first-quarter GDP report, but the probability remains low that a new recession has started. The government’s big-picture update due on Apr. 28 may suggest otherwise, based on recent polling. The median estimate for the “advance” GDP report via CNBC’s Rapid Update survey of economists (as of Apr. 18), […]
Classic Trap Move On The YM E-Mini Daily Chart

Classic Trap Move On The YM E-Mini Daily Chart

US equity markets continued to wallow again yesterday, as risk-on appetite wanes as global tensions continue to weigh on risk asset classes, bringing to a halt the strong bullish moves post Trump. The classic candle of the 1st March for the YM e-mini on the daily chart was the first potential signal of trouble ahead, […]
European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

European Stocks, Futures Rebound As Stronger Dollar Eases Haven Demand

European stocks rebounded after the biggest one-day drop since November, alongside S&P futures, while Asian equities posted modest declines after yesterday’s weak US close. Gold and yen slid, while the dollar gained on the latest Mnuchin comments to the FT according to which Trump was “absolutely not” trying to talk down the dollar. European equities rose 0.4% […]
Britain To Go To Polls (Probably)

Britain To Go To Polls (Probably)

After the shock Brexit referendum outcome, the British Prime Minister, David Cameron, resigned. He had held office from 2010 until the summer of 2016, initially in coalition with the LiberalDemocrats and since 2015, in his own right. One key piece of legislation passed during his tenure was the fixed term parliament act which was designed […]
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                        Prime Minister May-be

E Prime Minister May-be

New York City is not only the world’s financial capital, it is also where the independent press was invented by one Peter Zenger. The busy port was the source of newspapers and other information coming from across the Atlantic on prices of stocks, bonds, and commodities. The founding fathers were active supporters of economic growth, […]
Can EUR/USD Sustain Its Gains This Time?

Can EUR/USD Sustain Its Gains This Time?

EUR/USD enjoyed the dollar’s weakness to rise above the limited range that confined it recently. But can it extend to higher ground or is it set to slide? Here are two opinions: Here is their view, courtesy of eFXnews: EUR/USD: Unplugged But Recharging; Where To Target? – Danske Danske Bank FX Strategy Research believes that EUR/USD will […]
Asian And European Shares Head Lower

Asian And European Shares Head Lower

Japanese stocks headed south on Wednesday morning, led by banking shares as Japanese government bond yields fell 0 percent, a rate not hit since November, and continuing geopolitical tensions kept traders on edge. Despite the choppy trading in Japan on Wednesday, traders largely believe that the selloff is nearing its end and that strong earnings […]
NZD/USD Technical Analysis – April 19

NZD/USD Technical Analysis – April 19

NZDUSD found temporary support and has bounced higher on April 12. At this time, bias remains bullish and we expect the pair to continue higher in the coming trading sessions. Bulls will be waiting on any pullbacks to push the pair higher. NZD/USD 1 Hour Chart Bullish Patterns: The blue bullish pattern has already triggered a […]