Author Archive: Jeremy Parkinson
Canadian authorities arrest self-proclaimed ‘Crypto King’ for $30M fraud
Aiden Pleterski, the self-proclaimed “Crypto King” from Whitby, Ontario, has been arrested on charges of fraud and laundering the proceeds of crime in Canada.The arrest follows Pleterski’s collection of millions of dollars from investors, which he allegedly spent on luxury goods instead of investing in digital assets. During the crypto boom between 2021 and early […]
AUD/USD Extends Rally As Buyers’ Eye 0.6700 Ahead Of Aussie’s Job Data
Image Source: Pixabay Australian Dollar gained over 1% against the US Dollar, on Wednesday. US April CPI rose by 0.3% MoM, core CPI dipped as expected. Australian wages grew less than estimated, hinting at easing inflationary pressures. The Australian Dollar surged more than 1% against the US Dollar on Wednesday after data showed that consumer inflation […]
EUR/USD Reaches For 1.0900, Easing US CPI Inflation Pummels Greenback
Image Source: Pixabay EUR/USD climbs on broad-market Greenback selloff. US CPI inflation eases further, sparking Fed rate cut hopes. Bets for September rate cut firm up. EUR/USD climbed on Wednesday in one of the pair’s single-best days of 2024, climbing towards 1.0900 and on pace to etch in a fourth consecutive gain week. Broad-market selling pressure […]
NZD/USD Price Analysis: Bulls Gather Traction And Brighten The Outlook, Indicators Hit Overbought Conditions
Photo by Thomas Coker on Unsplash The daily RSI of the NZD/USD signals it is approaching overbought, which often indicates future consolidation or potential reversal. The same indicators in the hourly chart further strengthen this view, specifically, with the RSI crossing the 70 mark. Buyers regained the 100 and 200-day SMAs, and this points to a bullish outlook. […]
Energy Transfer: Could The Popular Partnership Cut Its Distribution Again?
Image Source: PixabayI’m a fan of oil and gas pipeline companies. They typically have much lower expenses than exploration companies because they only have to build and maintain pipelines rather than finding oil, drilling for it, constructing refineries, etc.Additionally, pipeline companies generally don’t care about the price of oil or gas. They get paid according to […]
Stocks End Higher As Implied Volatility Drops Following CPI Report
Image Source: UnsplashStocks finished higher on the day, no surprise, given that implied volatility levels fell sharply from yesterday’s closing once the CPI report was released. The CPI report itself seemed pretty much as expected, and the inflation trends we have talked about remained unchanged. If there was a slowing in the overall trend, it wasn’t […]
Fresh Breakouts For S&P And Nasdaq
Image Source: UnsplashBit by bit, the bearish thesis I had outlined in April is no more. Today delivered strong breakouts for the Nasdaq and S&P, although the Russell 2000 (IWM) still has some work to do.The S&P delivered a clean breakout on higher volume accumulation. A technician couldn’t ask for a better move. Now it’s up to the […]
Three Things – CPI, Davey Day Trader And Stagflation
Image Source: Pexels 1) CPI comes in softWednesday’s CPI report was a big relief for the Fed after 4 consecutive upside surprises. The key metric was core CPI which came in at 3.62% year over year vs last month’s rate of 3.8%. This continues the clear downward trajectory that was so dominant last year. There were […]
Silver On The Launch Pad, Eyeing Run To $40
Image Source: Pixabay Gold steals most of the headlines, but silver has stealthily set itself up for a potential run to $40.After nearly 40 years in this business, I’ve read, listened to, watched, and talked with countless thousands of very smart people.I was reminded of the value offered by the best analysts when I started noticing […]
The Fed Will Stay Dovish
Image Source: Pixabay S&P 500 and Nasdaq Composite indices surged to record highs on Wednesday, building on their robust performance throughout 2024. The market rally was fueled by a U.S. consumer inflation report that came in lighter than expected. Investor sentiment improved as data showed a smaller-than-expected rise in consumer prices, boosting equities to new highs.The […]
