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New Home Sales Stalling Again?

New Home Sales Stalling Again?

About once a quarter, we calculate the market capitalization for the U.S. new home market, where we multiply the number of reported new home sales each month by their reported average sale prices. Once we have those figures, we calculate trailing 12 month average of these market cap figures to account for annual seasonality in […]
GBP/USD At The Lowest Since Mid-January – 3 Reasons

GBP/USD At The Lowest Since Mid-January – 3 Reasons

Pound/dollar is trading at 1.2207, the lowest level since January 17th. At that time, the US dollar was at its strongest and Theresa May laid out her Hard Brexit vision. The pair was trading at the 1.24 handle and a bit around this level for a few weeks but has deteriorated to lower ground. What is […]
Sensex Stays Flat; Metal Stocks Tank

Sensex Stays Flat; Metal Stocks Tank

After opening the day on a flat note, share markets in India have remained range bound and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the power sector leading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading down by […]
French Elections 2017: Trade The Uncertainty, Not The Outcome

French Elections 2017: Trade The Uncertainty, Not The Outcome

Francois Fillion in meeting for the primaries of the political party Les Republicains. If there’s one thing that Brexit and the U.S. elections have shown, the only certainty, at least in the current global landscape is uncertainty. Opinion polls have continued to shift back and forth, and so far, the major narrative has been that […]
EUR/USD Reaches Fibonacci Of Wave-B In Consolidation Zone

EUR/USD Reaches Fibonacci Of Wave-B In Consolidation Zone

EUR/USD 4 hour The EUR/USD indeed bounced at the resistance trend line (red) but the reaction has been mild and choppy, which makes an expanded correction within waves Y (green/blue) likely. A break above resistance (red) could see price move higher to test the Fibonacci levels of wave 2 (purple) but a push above the […]
Health Insurance Innovations Leads Top Upgrade List

Health Insurance Innovations Leads Top Upgrade List

For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Health Insurance Innovations, Inc. (HIIQ) is our top-rated upgrade this week and it is a STRONG BUY. Our other […]
RBA Sits On Its Hands – AUD/USD Rises

RBA Sits On Its Hands – AUD/USD Rises

The Reserve Bank of Australia left the interest rate unchanged at 1.50% as widely expected. And also the accompanying statement seems somewhat unchanged. While they do mention that a stronger A$ could complicate matters, this is the same text that we have seen beforehand. Among the positive notes: the economy is doing OK and stronger global […]
Oil Prices Hold Steady While Markets Search For Direction

Oil Prices Hold Steady While Markets Search For Direction

Oil prices remained fairly stable during Tuesday’s Asian session, with both Brent crude and U.S. WTI crude down 0.1 percent each. Brent crude traded at $55.94 per barrel, down 7 cents per barrel, while U.S. WTI crude traded at $53.17 per barrel, down 3 cents per barrel. Despite OPEC’s commitment to cut production and its […]
USD/CNH Patterns To Watch After China Talks 2017 Goals

USD/CNH Patterns To Watch After China Talks 2017 Goals

Yuan Rates USDCNH Daily Prepared by Michael Boutros. USDCNH cleared a multi-week consolidate range last week with the rally breaking through down-trend resistance extending off the yearly high and the 61.8% extension of the advance off the yearly low at 6.8736. Note that the move was accompanied by a resistance trigger-break in momentum and keeps the focus […]
Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax

Two weeks ago, we pointed out that when Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, one month ago, after the tax went into effect on January […]