Author Archive: Jeremy Parkinson
U.S. Oil And Gas Production Again On A Record Pace
Photo by Timothy Newman on UnsplashLast year marked a record for U.S. oil production with an average daily production of 12.93 million barrels per day (BPD). That record was 5% greater than the previous record of 12.31 million bpd set in 2019.However, current data from the Energy Information Administration (EIA) shows that average daily production thus far in 2024 is 13.12 million […]
Japanese Yen
Image Source: PixabayThe rapid decline of the Japanese yen — recently stabilized by a (presumed) round of intervention — has brought forth the usual “currency crisis” discussion from the usual suspects. I cannot say that I am following Japan closely right now (I used to in the now distant past), so I will just make a […]
Cloud Stocks: Microsoft Sees High Adoption Of Its AI Platform
Photo Credit: Tawanda Razika from PixabayLast week, Microsoft (MSFT) announced its third quarter results that exceeded analyst estimates, driven by its AI momentum. However, its weak outlook brought down the momentum in its share price. Microsoft’s Financials Microsoft’s third quarter revenues grew 17% to $61.86 billion, beating analyst estimates of $60.8 billion. EPS was $2.94, which was also ahead […]
Will US Economy Stabilize In Q2 After Two Quarterly Downshifts?
Image Source: PixabayPreliminary estimates of second-quarter US GDP activity suggest output may stabilize after two straight quarters of slower growth, based on the median for a set of nowcasts compiled by CapitalSpectator.com. This estimate should be viewed cautiously this early in the current quarter, but for now the current data suggest that economic activity may be […]
Crypto landscape signals turbulence and dissatisfaction: IntoTheBlock
The current crypto landscape signals turbulence and dissatisfaction from investors, according to IntoTheBlock’s “On-chain Insights” newsletter. The price drop registered by Bitcoin (BTC), the subdued impact of new Hong Kong ETFs, and the EIGEN token launch initial fiasco are the main reasons.The crypto rally this year hit a rough patch as Bitcoin’s value seesawed between […]
S&P 500 Gaps 1%+ Higher
Image Source: PexelsThe S&P 500 ETF (SPY) gapped up 1% at the open this morning, so we wanted to provide a quick summary of how the ETF has typically traded on days when it gaps up 1%+.As shown in the table below, 1%+ gaps higher on a Friday have been the second most frequent of any weekday, […]
Natural Gas Prices Are Negative, Giving Existing Oil And Gas Infrastructure The Advantage
Image Source: PixabayWest Texas has a natural gas problem. But it might not be the kind you’re thinking of. The region is facing an excess in supply. There’s so much natural gas that energy companies are paying to have it taken away.At the Waha gas hub in the Permian Basin, natural gas prices have been in […]
Individual Investors Just Don’t Like Feeding The Ducks
Image Source: PixabayWhat a wild and volatile afternoon it was on Wednesday after the Fed meeting. There was a massive rally followed by a huge decline, as you can see below. It seems that my previous comment about buying weakness and selling strength was a valid one. On Thursday, markets were strongly higher and I heard […]
EUR/JPY Extends Losses To Near 164.50 Amid Japan’s Intervention Fear
EUR/JPY extends its losses for the third consecutive session, trading around 164.60 during the European session on Friday. The Japanese Yen (JPY) strengthened on Friday following a rally on Thursday attributed to potential Japanese government intervention, marking the second such incident this week, according to a Reuters report. It is worth noting that Japanese banks […]
ZKasino founder arrested in Netherlands and over $11 million seized
Netherlands’ Fiscal Information and Investigation Service (FIOD) apprehended one of ZKasino’s founders on April 29. The 26-year-old man was detained on charges of fraud, embezzlement, and money laundering. The criminal probe was initiated on April 25th, spurred by reports on platform X and intelligence from FIOD’s departments.During the raid, authorities seized assets worth over 11.4 […]
