Author Archive: Jeremy Parkinson
USD/JPY Unfazed By BoJ, Weakness To Persist On Less-Hawkish FOMC
Ticker Last High Low Daily Change (pip) Daily Range (pip) USD/JPY 111.17 112.08 111.15 74 93 The near-term outlook for USD/JPY appears to be unfazed by the dovish comments coming out of the Bank of Japan (BoJ) as the pair slowly works its way back towards the June-low (108.80). USD/JPY slips to fresh monthly lows […]
FAANGs In Finance Pt. 2: Amazon
<< Read Part 1: FAANGs In Finance: Joining The Customer Journey This spring, at TechCrunch Disrupt Asia, a leading VC called Amazon the next biggest FinTech company. In this post, we explore the opportunities for Amazon to enter Financial Services – and how today’s Financial Institutions can leverage the Amazon platform to engage tomorrow’s investors. The […]
Netflix Stock Soars As It Gains More Subscribers
Netflix surprised investors with better than expected subscribers growth in the second quarter of 2017. Several days ago Netflix released its financial statements which must have made its shareholders very happy because the stock shot up 13% the next day. The online streaming company added over five million new subscribers around the world, which is more than […]
Honeywell Q2 Earnings And Revenues Beat Estimates
Global diversified technology and manufacturing firm Honeywell International Inc. (HON – Free Report) has a balanced mix of long and short-cycle businesses. With a flexible yet disciplined focus on cost and productivity, HON remains focused on increasing its presence in high-growth regions. However, despite HON’s proactive restructuring initiatives, it is yet to witness signs of stabilization in a number […]
EU-US 2-Yr Spread Lagging Rally In EUR/USD
If you consider what ECB President Draghi said, which sounded quite dovish, it doesn’t match with the sharp rally in euro. Is this move just about portfolio flow into equities (i.e. buy euro to invest in EU markets) as it seems the institutional guys are loving EU equities given the continued expectation of quantitative easing? […]
ECRI Weekly Leading Index: “All Signs Point To A Cyclical Slowdown In Inflation”
Today’s release of the publicly available data from ECRI puts its Weekly Leading Index (WLI) at 144.8, up from the previous week. Year-over-year the four-week moving average of the indicator is now at 4.99%, down from 5.12% last week. The WLI Growth indicator is now at 2.6, up from the previous week. “All Signs Point […]
Colgate Dips Despite In-Line Q2 Earnings, Sales Lag
Colgate-Palmolive Co. (CL – Free Report) posted adjusted earnings of 72 cents a share, in line with the Zacks Consensus Estimate and up 3% from 70 cents earned in the prior-year quarter. Visualization by Graphiq Including one-time items, earnings came in at 59 cents a share compared with 67 cents reported in the year-ago period. Despite earnings beat, […]
Money Supply Growth Falls Again, Dropping To 105-Month Low
Growth in the supply of US dollars fell again in May, this time to a 105-month low of 5.4 percent. The last time the money supply grew at a smaller rate was during September 2008 — at a rate of 5.2 percent. The money-supply metric used here — an “Austrian money supply” measure — is the metric […]
WTI Tumbles Towards $45 Handle After Tanker-Tracker Signals OPEC Supply At 2017 Highs
Despite the ‘bullish’ inventory data (and demand), WTI Crude just sank towards a $45 handle – red on the week – as tanker-tracking firm Petro-Logistics signals OPEC crude supply rising again this month will be the highest this year (along with US shale output at record highs). As Bloomberg notes, supply from OPEC members is set to exceed 33 […]
Gold Hedges Against Currency Devaluation And Cost Of Fuel, Food, Beer And Housing
– Gold hedge against currency devaluation – cost of fuel, food, housing – True inflation figures reflect impact on household spending – Household items climbed by average 964% – Pint of beer sees biggest increase in basket of goods – rise of 2464% – Bread rises 836%, butter by 1023% and fuel (diesel) up by 1375% […]
