Author Archive: Jeremy Parkinson
Richmond Fed Manufacturing: July Composite Index Remains Upbeat
Today the Richmond Fed Manufacturing Composite Index increased 3 points to 14 from last month’s 11. Investing.com had forecast 4. Because of the highly volatile nature of this index, we include a 3-month moving average to facilitate the identification of trends, now at 9.3, indicates expansion. Seasonal adjustment factors were recalculated to better reflect current economic trends […]
Amazon Business Says Now Serves Over 1M Business Customers In The U.S.
Amazon Business announced that it now has more than one million business customers since launching in April of 2015, offering business-only pricing on millions of products and access to more than 85,000 business sellers. Amazon Business serves businesses of all sizes and across industries, including hospitals, educational institutions, labs, daycares, government agencies, restaurants, Fortune 50 […]
7 Things Investors Have To Know About The Upcoming Bitcoin Fork
In this article, our research team put together facts we think our readers need to know about the upcoming Bitcoin upgrade. Although our publications are usually focused on Ethereum, we believe this is an important event that will impact all cryptocurrencies and we expect some volatility during the upcoming weeks, specifically for Bitcoin. 1. The date and the event […]
E EUR/AUD: Three-Wave Completed, Correction Shows More Gains Ahead
EUR/AUD looks to have completed its three wave correction near the Fibonacci ratio of 50.0, which now means that more gains may follow on the pair. We can already see the price turning higher towards the upper channel line. Once the upper channel line is breached, we can say that a change in trend is […]
Deeply Flawed Economic Models Need To Change
Good discussion here on economic reality. One caveat: when asset managers speak of moving capital from Europe and China to US stocks and ‘more conservative’ sectors as defensive in bear markets, they mean they hope and expect that US equities will drop less than other developing market securities, ie., maybe -50% rather than -70%. Individuals […]
FOMC On Deck, But What Can Resuscitate A Moribund U.S. Dollar?
Tomorrow brings the July FOMC rate decision, and there is no press conference after the statement is released at 2PM ET. Given that the Fed just posed a rate hike, and also taken with the fact that the bank has appeared rather reticent to roll out any ‘new’ information at a non-press conference meeting, and […]
Consumer Confidence Improved In July
The latest Conference Board Consumer Confidence Index was released this morning based on data collected through July 14. The headline number of 121.1 was an increase from the final reading of 117.3 for June, a downward revision from 118.9. Today’s number was above the Investing.com consensus of 116.5. Here is an excerpt from the Conference Board press release. […]
Case-Shiller Home Prices Disappoint But Hit New Record High
Great news ‘Murica – your house has never been worth more than it was in May (according to Case-Shiller’s national home price index). On the slightly less silver-lining side of the equation, April’s 0.28% gain in price was revised to 0.18% MoM drop and May’s point disappointed at just 0.1% rise MoM. The 20-city property values index increased […]
The Pullback That Never Was
3 days of selling of less than one point per day That is what SPX has averaged over the course of the last three days when it finished lower each day – less than one measily point. For the bears that has to be infuriating. I don’t blame them – I would be too, if I […]
Top 5 Things Happening In The Market Today
Top 5 Things to Know Before You Start Trading This Tuesday the market sees a higher JPY while the USD still struggles. Oil and gold are higher. 1 – USD Still Struggling The US dollar (USD) decline slowed yesterday but the overall picture for the US currency didn’t improve. Today’s eco data will probably only be of […]
