Author Archive: Jeremy Parkinson
AUD/NZD Proceeds With Uptrend As Expected
The AUD/NZD went exactly as planned rejecting from the POC zone. Our previous AUD/NZD analysis showed a strong support which was respected and the pair proceeds with uptrend. The pair is above W H3 and D H5 which suggests strong uptrend. If we see a retracement, pay attention to POC 1.0465-85 (50.0, ATR pivot, W H3, D […]
Bull Of The Day: Etsy (ETSY)
Etsy, Inc. (ETSY – Free Report) is attempting to become profitable for the first time since its IPO in 2015. This Zacks Rank #1 (Strong Buy) is expected to grow sales and earnings by the double digits in 2018. Etsy is the online market place where people make, sell and buy unique goods. Founded in 2005, it is […]
E Trump Russia Reset Is Redundant
The Trump attempt to get get a “reset” with Putin in Germany was not only misguided but unnecessary. The reason is that Germany’s leading company already has worked out how to avoid the boycott placed on Russia over its seizure of the Crimea and parts of eastern Ukraine, as revealed yesterday by the Frankfurter Allgemeine Zeitung on […]
Street Expectations For Apple Are Too High, Says Deutsche Bank
Street expectations for Apple are too high and investors will be disappointed by iPhone growth in fiscal years 2018 and 2019, Deutsche Bank analyst Sherri Scribner tells investors in a research note titled “FY-18 ‘supercycle’ is more likely just a cycle.” She believes the market has become “overly optimistic” on iPhone’s potential sales into this […]
Yen Weakens As Abe Switches To Crisis Management Mode
Negative economic releases, scandals and polls are surrounding the Japanese Prime Minister Shinzo Abe, who appears to have switched to crisis management mode, leading the Japanese Yen to decline further since the beginning of the week. Weekend Polls The support for the Japanese Prime Minister Shinzo Abe slumped to record lows in multiple media polls […]
GBP/USD Awaits Catalyst; USD/CAD, CAD/JPY At Crossroads
Video length: 00:07:13 The US Dollar (via DXY Index) is having a quiet morning after a lackluster day yesterday, as an empty economic calendar in the first two days of the week have left traders searching for catalysts. Today, important data releases are notably absent from the calendar in the North American trading session, and […]
E Monetary Normalization In A Nutshell
The chorus singing for a concerted effort to “normalize” monetary policy is getting louder every day. Monetary policy is highly accommodative with nominal rates barely above zero and, more significantly, with real rates negative. The latest mantra has been taken up with the possibility of financial instability arising out low-interest rates and bloated central bank […]
‘Mark It Zero!’: Goldman Says Oil Could Head ‘Below $40’
Goldman has seen enough. We’ve said this a couple of times over the past several days, but we’ll say it again: if those inventory numbers we got last week weren’t enough for crude to stage a sustainable bounce, then that suggests there’s a crisis of confidence here. And indeed we got still more evidence to […]
About Snapchat IPO Price
I’ve been seeing story after story about how that piece-of-shit company SNAP is now below its IPO price. Huge publications – – hundreds of times larger than our beloved Slope – – are making hay out of this big event, with such headlines as this: Now, there’s no reason to single out TechCrunch in particular, but I’ll do it […]
Redin IPO: The Modern Way To A Home
Company Overview & Success To Date Seattle-based real estate agent RedFin Inc. (RDFN) has filed for an IPO. The deal is expected to take place in late July or early August. The company was launched in 2004 and has raised $167M in venture funding. Notable investors include: Greylock Ventures, Madrona Ventures, and Draper Fisher Jurvetson. (S-1/A) Redfin’s […]
