Author Archive: Jeremy Parkinson

Gold: The Battle Between The Bulls And The Bears Continues

Gold: The Battle Between The Bulls And The Bears Continues

  Fundamental Forecast for Gold: Neutral Gold remains stuck in a narrow trading range with neither the bulls nor the bears giving an inch, while both sides press for range break which is likely coming soon. We remain on the sidelines for now, although growing risk aversion has us leaning towards a long position on a […]
EUR/USD To 1.19 In 2017 And Beyond In 2018? Two Opinions

EUR/USD To 1.19 In 2017 And Beyond In 2018? Two Opinions

EUR/USD had a positive week, gaining some ground within the range. Can it extend its gains further? Here are two opinions: one for 2017 and the other for 2018: Here is their view, courtesy of eFXnews: EUR/USD: Price-Action Into Year-End; 1.19-1.20 Or Bust – ANB AMRO ABN AMRO FX Strategy Research discusses EU/USD outlook and […]
Central Bank Outlook Dominates 2018 Predictions

Central Bank Outlook Dominates 2018 Predictions

At the end of every year, Saxo Bank publishes its ten outrageous predictions for the year ahead, which tend to go against market consensus. Indeed, at the end of 2016, while consensus was calling for a continued economic recovery, Saxo was predicting a “departure from the ‘business as usual’” mentality that’s plagued businesses and central banks since the […]
Will The Light News Week Facilitate Range Trading?

Will The Light News Week Facilitate Range Trading?

Last week, we warned that dollar’s downside correction to its two-month advance was not over. It slipped further against the euro, yen, and sterling, while it strengthened against the dollar-bloc currencies. The outlook remains mixed for the week ahead, making it difficult to discuss the dollar in general.    The Dollar Index is heavily weighted toward the complex […]
USD/CHF: Bearish, Eyes Further Downside Pressure

USD/CHF: Bearish, Eyes Further Downside Pressure

USD/CHF: The pair looks to weaken further lower having declined the past week. On the downside, support lies at the 0.9850 level. A turn below here will open the door for more weakness towards the 0.9800 level and then the 0.9750 level. On the upside, resistance resides at the 0.9950 level where a break will […]
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                        Moody’s Boosts Modi: India Gets First Sovereign Credit Upgrade Since 2004

HH Moody’s Boosts Modi: India Gets First Sovereign Credit Upgrade Since 2004

Moody’s upgrade to India’s credit rating comes as a much-needed boost for India’s Prime Minister, Narendra Modi, who has been criticised for the fallout from the goods and services tax (GST) and demonetisation reforms. Indeed, Moody’s argued that Modi’s reforms will help to stabilize India’s rising debt levels. According to Reuters. Moody’s Investors Service upgraded […]
Cisco (CSCO) Stock Hits 52-Week High Backed By Q1 Results

Cisco (CSCO) Stock Hits 52-Week High Backed By Q1 Results

Shares of Cisco Systems Inc. (CSCO – Free Report) rallied to a 52-week high of $36.67, eventually closing a tad lower at $35.88 on Nov 16. The share price momentum can be primarily attributed to the company’s fiscal first-quarter 2018 earnings that came ahead of expectations. The company’s encouraging guidance has also been one of the tailwinds. Cisco reported […]
S&P 500 Snapshot: Down 0.13% From Last Week

S&P 500 Snapshot: Down 0.13% From Last Week

The S&P 500 opened Friday below yesterday’s close and oscillated around a small range throughout the day, closing with a daily loss of 0.26% and a weekly loss of 0.13%. Year-to-date, the index is up 15.19%. The U.S. Treasury puts the closing yield on the 10-year note at 2.35%. Here is a daily chart of […]
U.S. Inflation Picks Up Steam — Is A December Rate Hike Likely?

U.S. Inflation Picks Up Steam — Is A December Rate Hike Likely?

On today’s special podcast edition of Market Week in Review, Consulting Director Sophie Antal Gilbert chatted with Mark Eibel, director, client investment strategies, about the latest U.S. core inflation and retail sales numbers and the impact they could have on the U.S. Federal Reserve (the Fed) as it weighs a December funds rate hike. Encouraging […]
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                        Is It Time To Get Back In Oil Stocks?

HH Is It Time To Get Back In Oil Stocks?

Energy stocks have turned around lately, but they have been big-time laggards this year. The sector’s travails didn’t start this year; it has been struggling since about mid-2014 when oil prices turned south and didn’t settle down till early 2016. The single most important variable driving energy company stocks is the price of oil. You […]