Author Archive: Jeremy Parkinson
Preview For July FOMC Decision & Outlook For USD-pairs, JPY-crosses
The week truly begins for the US Dollar today, which was trading flat on the day at the time this article was written, even though the Federal Reserve is not expected to move on rates. After all, the July FOMC meeting is an ‘off-cycle’ meeting, or one that won’t produce a new summary of economic […]
Business Customers Are Tired Of Being Bilked Of Billions; Demand Rate Increases On Their Bank Deposits
As we’re all well aware by now, once Trump was elected on November 8th the Fed suddenly decided it was no longer necessary to prop up asset prices in the United States with artificially low interest rates.As such, they’ve embarked on their first rate-hiking spree since the last one ended just over a decade ago. […]
S&P 500 And Nasdaq 100 Forecast – Wednesday, July 26
S&P 500 The S&P 500 has rallied during the day again on Tuesday, reaching to higher levels. It looks as if we are going to go looking for the 2500 level above, so pullbacks should be buying opportunities. Those pullbacks should continue to offer value the traders will take advantage of but today is the […]
McDonald’s Second Quarter: I’m Lovin’ It
McDonald’s (MCD) is a legendary dividend growth stock. After being founded in 1940, the company became popular among consumers because of its food’s consistency and low prices. Today, McDonald’s is the largest restaurant chain in the world with over 37,000 locations in 100+ countries. McDonald’s success has translated to exceptional shareholder returns. The company has […]
Nifty Ends Above 10,000; Yes Bank Surges 6% On Strong Q1 Result
Share markets in India ended the day higher with Nifty50 settling above the 10,000-mark for the first time. At the closing bell, the BSE Sensex closed higher by 154 points. While, the NSE Nifty finished higher by 56 points. Meanwhile, the S&P BSE Midcap Index and the S&P BSE Small Cap Index ended up by 0.2% & 0.3% respectively. Barring information technology stocks all sectoral indices […]
‘They Have Chased Bears Back Into The Woods’: Oil Clings To Gains As Sentiment Turns
Listen, people are super excited about crude. On Tuesday afternoon, we got the latest API data and it showed an impressive draw, with U.S. inventories falling by 10.2m bbl last week. That would be the largest draw since September. Of course it still has to be “confirmed” by the EIA numbers, which we’ll get later this […]
Global Stocks Jump, Futures Rise, Crude Booms As Yellen Looms
S&P futures were fractionally higher (+0.1% to 2,476) with all eyes on the Fed’s rate decision as investors await another earnings deluge from companies including Facebook, Coca-Cola and Boeing. Asian and European shares were also higher, prompted by momentum from the latest US record high; the Dollar rebound continued while oil rose above $48 as […]
Gold Market Continuing Volatility
Gold markets had a slightly negative session during the Tuesday session as we crashed back towards the $1250 level. We had formed a shooting star during the day on Tuesday, which show signs of negativity. However, today is the FOMC Interest Rate Statement coming out, as well as the actual decision. I believe that the […]
Why The Value Of Contemporary Money Is Not Dependent On The Value Of Gold
by Philip Pilkington I note that there is oftentimes confusion today when the gold standard era is brought up. The reason for the confusion when discussing this era is because the monetary system functioned in an entirely different way. The confusion goes two ways; both from the past to the present and from the […]
EUR/USD: Awaiting A Breakout Of 1.1618 – 1.1626
Previous: On Tuesday, trading on our currency pair closed slightly up. The daily candlestick has a bullish body of 6 pips, and a long upper shadow of 67 pips. In the first half of the day, buyers received a boost from Yves Mersch’s speech and the IFO report, which showed an increase in business activity […]
