Author Archive: Jeremy Parkinson
Wheat World Price May Block 4th Quarter Export Advance To Hit US Goal
Market Analysis The wheat market’s focus may be split between the up-coming quarterly stocks and the US producers’ prospective planting survey since both USDA reports will be released on March 29. The upcoming March 1 stocks report is important to see if wheat’s current demand trends for exports, feed and food are remaining on their […]
Fasten Your Seat Belt, Turbulence Ahead
U.S. Treasury securities across the maturity spectrum are reaching yield resistance levels that have proven for decades to be extremely valuable to investors engaged in technical analysis. We believe it is possible the reaction of interest rates to these resistance levels will hold important clues about future economic activity and the direction of the stock […]
AUD/USD Technical Analysis: Why 0.7780 Level Matters
The Australian Dollar started its decline on March, 14 following tepid economic data and the statement from the Reserve Bank of Australia (RBA). Yesterday, the decline continued after the RBA released its minutes for the meeting it held last week. In the past week, the AUD/USD pair fell from a high of 0.7916 to a […]
No Light At The End Of The Tunnel For This Stock
Investors will ignore a lot of red flags if they think they’ve found a diamond in the rough. This company has an alarming number of red flags. Its shrinking cash flows can’t cover its debt burden, its accounting is confusing and possibly unreliable, its industry faces technological disruption, and its valuation assumes implausibly high profit […]
Transport ETFs To Ride High On Huge Earnings Beat By FedEx
After the closing bell yesterday, transport bellwether FedEx (FDX – Free Report) reported robust 2018 third-quarter earnings results. The courier company outpaced the Zacks Consensus Estimate on both the top and bottom lines and lifted its full-year earnings guidance. Earnings per share came in at $3.72, way above the Zacks Consensus Estimate of $3.08 and up from […]
Chaos Is The Only Way Out
The prevailing fiction pervading Wall Street right now is that economic growth is picking up in a sustainable fashion and that interest rates will merely rise slowly. Then, soon level off at historically low levels. In other words, they are selling a fairytale; and a dangerous one at that. This premise is blatantly false. The […]
Risks And Realities
Geopolitical risk and the reality of surging U.S. and Global oil demand sent oil on a tear to a three-week high. Oil prices rose as President Donald Trump and Saudi Crown Prince Mohammad Bin Salman met as traders felt it was a signal that soon Saudi Arabia and The United States would work together to […]
BTC/USD Forex Signal – Wednesday, March 21
Yesterday’s signals were not triggered, as there was no bearish price action at $8,800. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken before 5pm Tokyo time, over the next 24-hour period only. Short Trades Short entry after a bearish price action reversal on the H1 time frame following the next touch of $9,420 […]
Just Don’t Invert The Yield Curve
Jerome Powell is not an economist, and as such, has the potential to try to remake the way the Fed does monetary policy. Rather than hold onto outmoded ideas like the Phillips Curve, which may have made sense when the US was a more insular economy, there are better ways to think of monetary policy […]
Existing Home Sales Bounce In February But Condo Sales Slump
After two straight months of ugliness in all housing data, existing home sales in February bounced modestly, now up 1.1% year-over-year as median home prices jumped 5.9% year-over-year. Existing home sales rose 3.0% MoM (vs +0.4% exp and -3.2% prior) to a 5.54mm SAAR. Single-family home sales increased 4.2 percent last month to an annual rate of […]
