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Morning Call For May 11, 2015

Morning Call For May 11, 2015

OVERNIGHT MARKETS AND NEWS June E-mini S&Ps (ESM15 -0.01%) this morning are down -0.06% as stocks consolidate after Friday’s sharp rally. European stocks are down -1.09% as Greek government officials meet with Eurozone finance ministers in Brussels today in an attempt to hammer out a debt deal. Signs that a deal to resolve the Greek debt crisis is not imminent […]
Plug Power Inc Stock Tumbles On Weak Q1 Results

Plug Power Inc Stock Tumbles On Weak Q1 Results

Plug Power (PLUG) shares fell as much as 3.29% to $2.43 in pre-market trading Monday after the company released its first quarter results. The fuel cell maker posted revenues of $9.4 million, up 69% from $5.57 million in the same quarter a year ago. While that seems impressive, the figure was far below the Wall Street consensus estimate of […]
MannKind Corporation Disappoints With Afrezza Sales; Analysts Lower Expectations

MannKind Corporation Disappoints With Afrezza Sales; Analysts Lower Expectations

MannKind (NASDAQ: MNKD) reported first quarter 2015 results on May 7, revealing underwhelming sales and a mediocre Afrezza launch. Shares of MannKind last closed at $4.02, just above the 52-week low of $3.52. Some analysts are beginning to doubt if the company can make a comeback. The biotechnology company posted a net loss per share of […]
Futures Jittery As Attention Returns To Greece; China Stocks Rebound On Latest Central Bank Intervention

Futures Jittery As Attention Returns To Greece; China Stocks Rebound On Latest Central Bank Intervention

With the big macro data out of the way, attention today and for the rest of the week will focus on the aftermath of the latest Chinese rate cut – its third in the past 6 months – which managed to boost the Shanghai Composite up by 3% overnight but not nearly enough to make […]
Dollar Firmer But Going Nowhere Quickly

Dollar Firmer But Going Nowhere Quickly

The US dollar has begun the new week on firm footing, but the tone is more consolidative than trending. The dollar-bloc currencies, led by the New Zealand dollar, are particular softer despite China’s rate cut, which sometimes has been supportive for commodity-linked currencies. Emerging market currencies did not get much of a boost either.   The […]
If Q2 Growth Is Reviving, Why Did Yields Dip Late Last Week?

If Q2 Growth Is Reviving, Why Did Yields Dip Late Last Week?

Buy on the rumor, sell on the news. That ancient bit of trading advice seems to describe last week’s data for Treasury yields. In the days leading up to Friday’s report on payrolls for April, the benchmark 10-year yield increased to a new year-to-date high on Wednesday, only to slump when the better-than-expected jobs report arrived. The […]
EUR/USD Forex Signal For May 11, 2015

EUR/USD Forex Signal For May 11, 2015

EUR/USD Signal Update Last Thursday’s signals were not triggered as there was no bullish price action before the price closed below 1.1262. Today’s EUR/USD Signals Risk 0.75% Trades must be made before 5pm London time today only. Long Trade 1 Go long following a bullish price action reversal on the H1 time frame immediately upon the […]
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                        The Futures Price Is Not A Price Prediction

EC HH The Futures Price Is Not A Price Prediction

The price of a commodity futures contract is not the market’s forecast of what the spot price will be in the future. For example, the fact that at the time of writing the price of the December-2016 WTI Crude Oil futures contract is $64.44 does not imply that ‘the market’ expects the price of oil […]
Long-Term Trends In Employment By Age Group

Long-Term Trends In Employment By Age Group

The Labor Force Participation Rate (LFPR) is a simple computation: You take the Civilian Labor Force (people age 16 and over employed or seeking employment) and divide it by the Civilian Noninstitutional Population (those 16 and over not in the military and or committed to an institution). The result is the participation rate expressed as […]
The Biggest Risk To US Growth: Further Dollar Rally

The Biggest Risk To US Growth: Further Dollar Rally

The biggest risk to US economic growth remains the possibility of an extended US dollar rally. The Fed rate hike expectations have been pushed out to December and many doubt that the Fed will hike right before the year end. That’s because the hike will involve three rates: FF, IOER, and RRP and could be […]