Author Archive: Jeremy Parkinson
USD/JPY At The Highest In 4 Months – Riding Uptrend Support
Dollar/yen finally breaks the cycle high of 114.37, trading at a new high of 114.46. Is this move for real? It is still awaiting confirmation. In any case, the pair extends its rise along the steep uptrend support line. The next high is 115.35, which was the high level in March. Beyond that point, 116 […]
US Dollar May Rise As Pound Drops On Fed, BOE Commentary
The New Zealand Dollar underperformed in overnight trade, falling against all of its G10 FX counterparts. The move lower tracked a drop in local front-end bond yields, hinting that a dovish shift in RBNZ policy expectations was the culprit behind the selloff. Soft card spending numbers seem too flimsy of a catalyst for the move however, making […]
Public Safety Employee Retirement Plan Withdrawal At Age 50
For certain types of workers, specifically someone employed as a public safety employee, there is a special exception to the normal distribution rules. For a public safety employee, retirement plan withdrawal can begin without penalty as early as age 50, rather than age 55 or 59½. Public Safety Employee The list of public safety employees includes government […]
Above The 40 – A Big Tech Sucking Sound On The Eve Of Amazon Prime Day
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 55.6% of stocks are trading above their respective 200DMAsVIX = 11.1 (flat) (volatility index)Short-term Trading Call: neutral Commentary Tech was back today sucking energy out of other parts of the stock market. The Nasdaq increased 0.4%, and the PowerShares QQQ ETF (QQQ) increased […]
Tom Cloud Announces Silver Buy Alert: Five Reasons Why
In this newest precious metals update, Tom Cloud is announcing a SILVER BUY ALERT. This is one of the few silver buy alerts he has made in his 40 year history in the precious metals retail industry. Tom is not issuing this silver buy alert based on trading data, but rather fundamental analysis via discussions […]
EUR: En-Route To Break Two And Half Year Range; Where To Target? – NAB
EUR/USD continues hovering around the highs, but isn’t going anywhere fast. What’s next? Here is their view, courtesy of eFXnews: NAB FX Strategy Research maintains its positive EUR view noticing that European rates and the EUR are currently in an impulsive upward phase, with investors in something of a higher yield, higher EUR price discovery chapter. […]
Gold Prices May Fall As Hawkish Fed-Speak Sets Stage For Yellen
A lullin top-tier event risk allowed space for gold prices to consolidate after Friday’s sharp downswing in the wake of June’s upbeat US labor-market data. From here, a lackluster offering on the data docket puts Fed-speak in the spotlight. Comments from Governor Lael Brainard, the Fed’s most vocal dove, are due to cross the wires. If even she appears to favor […]
Sensex Opens Marginally Up; Tata Motors Gains Post June JLR Sales Data
Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.35%, while the Hang Seng is up 1.02%. The Nikkei 225 is trading up by 0.27%. The US stocks ended mostly higher led by gains in technology stocks as investors were optimistic ahead of earnings. Meanwhile, share markets in India have opened the […]
Three Big Events On The Calendar This Week
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW – 5 = 21,408 SPX + 2 = 2427 NAS + 23 = 6176 RUT – 7 = 1408 10 Y – .02 = 2.37% OIL + .09 = 44.49 GOLD + 1.90 = 1215.10 GOLD – 12.80 = 1213.20 BITCOIN – 0.60% = […]
Wages, Inflation & Retail Sales
“Davidson” submits: For 8yrs part of the conversation has centered around a weak recovery and weak Hourly Wage Growth. To paraphrase: “If only we had higher wages we would have a better economy and the world would be better off.” The same talk flooded the media today with the higher than expected employment levels. The problem […]
