Did Super Mario Draghi Lie To The Press?
Mar 12, 2017Jeremy Parkinson0
A few weeks ago, Mario Draghi, the president of the ECB, and ECB member Weidmann confirmed interest rates would continue at a relatively low level as this would be very helpful for the governments of Eurozone countries to get their finances back under control. This indeed seemed to be absolutely necessary to us, and in […]
Hedge Funds Covered The Most S&P Shorts Since The Election, Sold Most USD/JPY In Three Years
Mar 12, 2017Jeremy Parkinson0
Looking at the most recent CFTC Commitment of Traders report, BofA makes two notable observations ahead of what may be a volatile week between the Fed’s 25bps rate hike announcement on Wednesday, just hours after the Dutch General Election, and on the same day as the US debt ceiling expiration hits. The first is that […]
Markets Showing Unconfirmed Intermediate Top
Mar 12, 2017Jeremy Parkinson0
In the last letter, I mentioned that I had a P&F projection to 2400 and that, after a correction, there was a possibility that it could be followed by a push a little higher to about 2410. So far, so good. Reaching the target brought a forty-five-point retracement but, because it found support just above […]
“There’s No Diversification”: When This Ship Sinks, We’re All Going Down With It
Mar 12, 2017Jeremy Parkinson0
“You heard it here first,” is becoming increasingly relevant here at HR. That doesn’t necessarily mean we’re over here cooking up scoops and exclusives, but what it does mean is that when it comes to putting the pieces together and saying: “here goddammit, this is what all of this means,” we’re quickly becoming second to […]
Life After The Robot Apocalypse
Mar 12, 2017Jeremy Parkinson0
Two weeks ago, I compiled a list of the 5 jobs robots will take first. Last week, I compiled a list of the 5 jobs robots will take last. Both previous essays are about robots replacing human workers who do cognitive non repetitive work (such as middle managers, salespersons, tax accountants, and report writers) that most people […]
Buying Stalls
Mar 12, 2017Jeremy Parkinson0
Over the past few weeks the number of bullish stocks on Twitter have fallen sharply. This indicates that buyers of the most bullish stocks dried up as the S&P 500 Index (SPX) pushed up into the 2400 area. Although buyers are slowing down, the sellers of bearish stocks haven’t materialized. That condition is keeping overall […]
Expectations Blur With Fed, BoE And BoJ Rate Decisions Ahead
Mar 12, 2017Jeremy Parkinson0
Monetary policy isn’t the straightforward fundamental driver it once was. This past week, the Dollar struggled despite strong NFPs and a certainty of a FOMC hike while the Euro rallied after reports the ECB discussed the future of hikes. Be prepared for unusual response to the Fed, BoE, BoJ and even SNB decisions ahead. US Dollar Forecast: Dollar Will […]
A Most Wonderful Year For Small-Caps
Mar 12, 2017Jeremy Parkinson0
By Royce Funds We believe we have turned the page on the 2011-2015 period in which financial markets behaved in such odd ways, and expect a strong multi-year period for thoughtful and disciplined small-cap active management. 3112014 / Pixabay Small-Caps By any measure, 2016 was a terrific year for small-cap stocks, one that featured a double-digit positive return for […]
USD/CAD Forecast Mar. 13-17
Mar 12, 2017Jeremy Parkinson0
The Canadian dollar continues to sag, losing 80 points last week. USD/CAD closed the week at 1.3464. This marked the pair’s highest weekly close in 2017. This week’s key event is Manufacturing Sales. Here is an outlook on the major market- movers and an updated technical analysis for USD/CAD. The US labor picture remains rosy, and a sparkling nonfarm payrolls report has […]
Forex Strength And Comparison For Week 11 / 2017
Mar 12, 2017Jeremy Parkinson0
In the Currency Strength table, the USD was again the strongest currency while the GBP was the weakest. It was quiet last week compared to the week before. All the Currencies remained around the level of the previous week with a maximum difference of just 1 point. ______________________________________ 13 Weeks Currency Score Strength The 13 Weeks […]