Author Archive: Jeremy Parkinson

EUR/USD And GBP/USD Forecast – Wednesday, Nov. 15

EUR/USD And GBP/USD Forecast – Wednesday, Nov. 15

EUR/USD The EUR/USD pair broke out to the upside, slicing through the 1.17 level. That was previously a neckline for the head and shoulders pattern that has been on my mind for some time, now that we have broken down below there, I expected the market to drift down to the 50% Fibonacci retracement level, […]
GE Has Further To Fall

GE Has Further To Fall

On December 20, 2016, shares of General Electric (NYSE: GE) peaked at a closing value of $32.25 per share. Since then, through the close of trading on Tuesday, November 14, GE’s share price has fallen by nearly 44% to $17.90 per share. We think that GE’s stock price has further to fall before it bottoms. Here’s why. Based on a simple […]
The US Dollar Collapsed. Volatility Has Grown Significantly

The US Dollar Collapsed. Volatility Has Grown Significantly

Yesterday, high trading activity and volatility were observed in the foreign exchange market. The US dollar weakened sharply against the major currencies. The dollar index (DX) closed the trading session in the negative zone (-0.71%). The biggest growth was shown by the EUR/USD currency pair. The euro was supported by positive data on German GDP. […]
Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

Global Stocks Tumble, Asia Plunges On Chinese Commodity Carnage

The euphoria of the past month has ended with a thud and BTFDers are strangely missing as the commodity chill out of China (which overnight became full blown carnage), has unleashed a global risk-off phase ahead of today’s critical CPI data, resulting in broad and sharp selling across global markets, as European stocks followed declines in […]
3 Top Stocks Warren Buffett Can’t Stop Buying – 13F Forms Out Now

3 Top Stocks Warren Buffett Can’t Stop Buying – 13F Forms Out Now

Billionaire Warren Buffett is many things- one of the world’s most successful fund managers, legendary philanthropist and owner of over 60 companies. Now the “Oracle of Omaha” as he is known has revealed the third quarter trades of his $169 billion Berkshire Hathaway fund. The result: a valuable glimpse into which stocks Buffett likes, and which he […]
Dollar Slides

Dollar Slides

The euro and yen are extending their gains, casting a pall over the US dollar. The euro is extending its advance into a sixth consecutive session, which is the longest streak since May. It is approaching last month’s highs in the $1.1860-$1.1880 area. As was the case yesterday, a consolidative tone in Asia was followed […]
Sensex Trades On A Volatile Note; Capital Goods Stocks Top Gainers

Sensex Trades On A Volatile Note; Capital Goods Stocks Top Gainers

After opening the day marginally lower, share markets in India witnessed volatile trading activity and are presently trading in the red. Sectoral indices are trading on a mixed note, with stocks in the capital goods sector and stocks in the IT sector witnessing maximum buying interest. While stocks in the metal sector are leading the losses. The BSE Sensex is trading down by 130 points […]
USDCAD Daily Analysis – Wednesday, Nov. 15

USDCAD Daily Analysis – Wednesday, Nov. 15

USDCAD is now in short-term uptrend from 1.2666. Further rise to test 1.2819 resistance would likely be seen, a breakout of this level could bring price towards 1.2916 previous high. Near-term support is at 1.2666, only a breakdown below this level could indicate that the downside movement from 1.2916 has resumed, then further decline towards […]
BTC/USD Forex Signal – Wednesday, Nov. 15

BTC/USD Forex Signal – Wednesday, Nov. 15

Yesterday’s signals were not triggered, as none of the key levels were reached during the specified time. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken between 8am London time and 5pm New York time today only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the […]
Top 3 Tools For Tracking Momentum

Top 3 Tools For Tracking Momentum

As an options trader, I follow many technical indicators to guide my trading: Price, volume, option flow, sentiment and momentum (for individual stocks and indices). By tracking momentum, I can see powerful moves set up ahead of time. Ideally, I get on board just before these surges happen. But isn’t that market timing? As you know, I think that trying to […]