Author Archive: Jeremy Parkinson
WTI Crude Oil And Natural Gas Forecast – Thursday, March 22
WTI Crude Oil The WTI Crude Oil market has had a strong session on Wednesday, breaking above the $65 level. At this point, it looks as if we will continue to find the buyers on short-term dips, as the uptrend line has certainly held true. I think that the market will struggle a little bit […]
Sensex Trades On A Flat Note; Power & PSU Stocks Underperform
After opening the day higher, Indian share markets are trading on a flat note. Sectoral indices are trading on a mixed with stocks in the consumer durables sector and information technology sector witnessing maximum buying interest. While power stocks & PSU stocks are trading in the red. The BSE Sensex is trading higher by 60 points and the NSE Nifty is trading higher by 16 points. The BSE Mid Cap index […]
EURUSD: Return To The Trend Line
Previous: On Wednesday the 21st of March, trading on the EURUSD pair closed up. The single currency sharply rose following the FOMC meeting and the Fed chair’s speech. The FOMC increased the federal funds rate by 0.25% to 1.75%. In terms of the key rate, the Fed’s projection for 2018 remains the same at 3 rate […]
Out Of The Way
As usual, Fed Day gave us quite a ride. The big news was that our friends at the FOMC plan to give us another 3 rate hikes this year instead of 4. Guess how many Fed meetings there are with accompanying press conferences left this year? Three. How about that. My stomach went into a […]
GBP/USD: BoE To Stay Hawkish On Thurs, Dips A Buy On Any Dovish Outcome
The Bank of England convenes to make its March decision in the shadow of the EU Summit on Brexit and amid mixed data from the UK. How will it impact the pound? Here is their view, courtesy of eFXnews: Bank of America Merrill Lynch FX Strategy Research discusses GBP outlook, going into the BoE meeting […]
Markets React To U.S. Interest Rate Hike
In its first policy meeting since the induction of new chief Jerome Powell, the U.S. Federal Reserve met analysts’ expectations on Wednesday by raising interest rates and predicting at least two more interest rate hikes before the end of the year. The central bank also hinted that inflation should finally head higher after hovering for years below […]
Four Fed Rate Hikes This Year? Still Not Likely
I heard commentary after the Fed’s proclamation on monetary policy on March 21st that the Fed is “one vote away” from 4 rate hikes this year. Yet, something strange happened along the way to over-speculation on the number of rate hikes in 2018: the traders putting their money on the line on the 30-Day Fed Funds […]
EU Unveils New Digital-Tax Proposal That Could Cost US Tech Firms Hundreds Of Millions
US tech firms will no longer be able to choose the destination with the lowest tax rate for their European headquarters, if a widely expected European Commission proposal is approved. Beginning Wednesday, the European Commission has proposed new tax rules that would require US tech firms to pay taxes in the countries or regions where they […]
Crude Oil Prices May Retreat As Trump China Tariffs Sour Sentiment
The US Dollar’s retreat in the wake of the FOMC policy announcement buoyed raw materials prices, which are typically denominated in terms of the benchmark currency on global markets. Officials delivered a widely expected interest rate hike but offered guidance that was a bit more cautious than markets anticipated. Most notably, the projected number of interest rate hikes this year remained […]
Cardano Bottoms Out At Key Support – Faster Recovery On The Way?
We’ve been keeping an eye on Cardano Foundation and its token, ADA, for quite a while now, anticipating its market cap growth and potentially becoming the third largest cryptocurrency by the end of the year. However, ADA/USD had its fair share of losses as the cryptocurrency market as a whole continued its bearish movement in […]
