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Tesla Fundamentals Do Not Support Recent 60% Rally, Says UBS

Tesla Fundamentals Do Not Support Recent 60% Rally, Says UBS

UBS analyst Colin Langan points out that since reaching a two-year low in February, shares of Tesla (TSLA) have risen almost 60% following the carmaker’s Q4 earnings report.  Since Tesla trimmed its 2016 delivery guidance, the share rally is likely due to the company’s Asset Based Lending draw down, Langan told investors last night in […]
Eurozone Economy Could Be Chilled To The Core

Eurozone Economy Could Be Chilled To The Core

Since 2001, when Greece adopted the Euro as its currency, seven countries have joined the Eurozone. Slovenia began using the Euro in 2007, Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011, Latvia in 2014, and Lithuania in 2015. These countries are small. Together, they are home to around 14.5 million people, just […]
Grab This “Peak Dollar” Profit Play Now

Grab This “Peak Dollar” Profit Play Now

The U.S. dollar has become the world’s largest fiat currency experiment ever. Not only is it the world’s reserve currency, but numerous other nations have either adopted it as their own, used it to peg their own currency, or widely accept it to settle transactions. Interest rates, precious metals, agricultural products, and energy are all […]
Futures, Oil Dip On Stronger Dollar Ahead Of “Hawkish” Yellen Speech

Futures, Oil Dip On Stronger Dollar Ahead Of “Hawkish” Yellen Speech

With Europe back from Easter break, we are seeing a modest continuation of the dollar strength witnessed every day last week, which in turn is pressuring oil and the commodity complex, and leading to some selling in US equity futures (down 0.2% to 2024) ahead of today’s main event which is Janet Yellen’s speech as […]
US GDP Growth Estimate Slumps To 0.6% For 1Q16

US GDP Growth Estimate Slumps To 0.6% For 1Q16

In the recent past, I have discussed global slowdown and potential recession in several articles. I also discussed in one of my recent articles that the GDPNow indicator from the Federal Reserve Bank of Atlanta estimates GDP growth for 1Q16 at 1.4% (March 24, 2016 estimate). The Federal Reserve Bank of Atlanta has released new estimates (March […]
EUR/USD Forex Signal For March 29, 2016

EUR/USD Forex Signal For March 29, 2016

EUR/USD Signal Update Yesterday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today. Long Trade 1 Long entry following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1068 and 1.1035. Put the stop loss 1 pip […]
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                        The Daily Shot And Data – March 29, 2016

E The Daily Shot And Data – March 29, 2016

Let’s start with the US economy where we continue to see debate around the trajectory of inflation rates.  The Fed economists view the core PCE price index as the most important inflation indicator for the US. And on Monday that measure came in softer than forecast. This plays into Janet Yellen’s recent skepticism about the […]
U.S. Lifted The Crude Oil Export Ban, And Exports Went… Down

U.S. Lifted The Crude Oil Export Ban, And Exports Went… Down

Just over three months after the authorities lifted the four-decade ban on crude oil exports, the U.S. has actually exported less this year than it did over the same period the year before, when the ban was still in place.  According to Clipper Data market intelligence cited by the Financial Times, we’ve seen a 5 percent […]
Saudis To “Modernize” Economy As Interbank Rates Surge & Money Supply Collapses At Record Pace

Saudis To “Modernize” Economy As Interbank Rates Surge & Money Supply Collapses At Record Pace

For the first time since January 2009, 12-month Saudi Interbank rates have breached 2.00% – double the 1% lows of August.   This ‘stress’ is also evident in the record pace of collapse of Saudi money-supply.    While Riyal forwards have rallied back from extreme bets on devaluation, they remain concerning for Saudi officials who to undertake […]
WTI Crude Oil And Natural Gas Forecast – March 29, 2016

WTI Crude Oil And Natural Gas Forecast – March 29, 2016

WTI Crude Oil The WTI Crude Oil market went back and forth during the day on Monday, finding the area above the $40 level to be a bit too resistive. Because of this, we ended up forming a bit of a shooting star, which looks fairly neutral in the face of a hammer on the […]