Author Archive: Jeremy Parkinson
Crude Oil: Extends Recovery, Eyes 47.71 Zone
Crude oil: With the commodity taking back most of Friday losses on Monday and following through higher on Tuesday, a follow through higher is envisaged in the days ahead. On the downside, support resides at the 46.50 level where a break will expose the 46.00 level. A cut through here will set the stage for […]
General Motors Company Q2 FY17, Caterpillar Inc. Q2 FY17 Earnings
General Motors Q2 FY17 and Caterpillar Q2 FY17 earnings were released before opening bell this morning. GM posted adjusted earnings of $1.89 per share on $37 billion in net revenue, compared to the consensus estimates of $40.3 billion and $1.68 per share in earnings. Caterpillar reported adjusted earnings $1.49 per share on $11.3 billion in […]
UK Inflation Data Takes Hawkish Pressure Off BOE
June Inflation Misses Expectations Last week’s CPI miss has seen some repricing of BOE rate-hike expectations as the market dials back its hawkish view. UK Inflation had been forecast to print 2.7% in June, but printed 2.6%, falling back from 2.9% prior. Pricing for the August meeting reached a peak of around 30% in late […]
‘Heavy Selling’ Seen In Treasurys After Block Trade ‘Spooks’ Market
Bonds are on the back foot after a stellar German IFO print that showed the Eurozone’s most important economy is hitting on all cylinders. That was a welcome development given what we’ve seen over the previous two sessions in the DAX, which was weighed down by concerns about automaker collusion and a stronger euro. Now we’re seeing […]
Spectacular Gold And Silver Price Charts Pointing To A Decisive Outcome
The gold and silver market have reached a climax. As said recently, this is THE most important week of the year for precious metals as the trend for the 2nd half of the year will start … now. That is not because we hope so, that is because all precious metals charts are suggesting this. […]
McDonald’s Corporation Q2 FY 17, Eli Lilly And Co. Q2 FY17 Earnings
McDonald’s Q2 FY 17 and Eli Lilly Q2 FY17 earnings were reported before opening bell this morning. McDonald’s posted earnings of $1.70 per share on $6.05 billion in revenue, compared to the consensus estimates of $1.62 per share and $5.96 billion in revenue. In last year’s second quarter, the fast food chain reported $1.25 per share in […]
Shale Pains And OPEC
Oil prices are on the rise as Saudi Arabia pledges to reduce oil exports and the fact that US shale pains are becoming more obvious to the market. Halliburton (HAL) is warning that the US oil rig count is about to plateau or “peak shale” which we predicted in my recent energy webinar and for […]
Day Trading Stock Picks For This Week – Tuesday, July 25
Day trading stock picks likely to move big (up or down) during the week of July 25: HTZ, CBI, WLL, OAS, FOLD, AKS, CLF and AMD and few that are usually good day trading candidates: SPY, BAC, plus several others. Hertz Global Holdings (HTZ) Average day range (30) is 7.43% and average volume (30) is 10.2 […]
Updating The Link Between Recessions And Investment Returns
A new study offers encouraging results for a strategy of monitoring the business cycle as a tool for enhancing investment returns (or at least limiting losses). “Over the period 1970-2015, investment returns were enhanced by merely knowing concurrently whether the economy was in a state of expansion or contraction, and making the most basic asset […]
USD Steady Ahead Of FOMC Tomorrow; AUD/JPY, CAD/JPY Longs Primed
FX markets are calming down as the volatility-draining tractor beam that is the 24-hour period ahead of a FOMC rate decision fast approaches. The US Dollar (via the DXY Index) has stabilized after its recent selloff carried it to new lows for 2017, with support materializing around its August 2015 lows. With the FOMC rate decision fast […]
