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EUR/USD Awaiting Two Big Events

EUR/USD Awaiting Two Big Events

While the week had its share of action, the two big events are yet to come: the ECB and the NFP. This keeps tension high for EUR/USD traders. Worries about Brexit hurt the pound and the Aussie stabilizes for now. Is the Fed hike already priced in? This is a question that will accompany us […]
Childrens Place Inc. Reports Excellent Q4 Comps; 2017 Outlook Smashes Expectations.

Childrens Place Inc. Reports Excellent Q4 Comps; 2017 Outlook Smashes Expectations.

Childrens Place Inc. (NASDAQ:PLCE) posted mixed fourth quarter earnings results, but its comparable store sales results were excellent, and its 2017 outlook smashed expectations.
Biotech Stock Roundup: Trump Tweet Hits Biotech Stocks, Concert Gains On Vertex Deal

Biotech Stock Roundup: Trump Tweet Hits Biotech Stocks, Concert Gains On Vertex Deal

Once again, a tweet kept the biotech industry on edge with President Donald Trump declaring that he is “working on a new system where there will be competition in the Drug Industry” and “pricing for the American people will come way down”. The tweet triggered a 1.6% decline in the Nasdaq Biotechnology Index in a […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, March 8

WTI Crude Oil And Natural Gas Forecast – Wednesday, March 8

WTI Crude Oil The WTI Crude Oil market rallied during the day on Tuesday initially, but gave back quite a bit of the gains as we continue to see volatility in this market. It looks as if the area above continues to be resistive, but quite frankly I think that the Crude Oil Inventories announcement […]
Caterpillar Accused Of Tax, Accounting Fraud In Report; Stock Slides

Caterpillar Accused Of Tax, Accounting Fraud In Report; Stock Slides

The mystery of last week’s Caterpillar office raid by various US government agencies may have been resolved, after the NYT reported overnight that a report commissioned by the government, written by an accounting professor at the Tuck School of Business at Dartmouth, has accused the heavy-equipment maker of carrying out tax and accounting fraud. “Caterpillar did not […]
U.S. Treasuries: Who’s Buying, Who’s Selling?

U.S. Treasuries: Who’s Buying, Who’s Selling?

One of the linchpins supporting the U.S. Treasury (UST) market in recent years has been the relative yield advantage against the rates that have existed among the sovereign debt of other G7 nations. In the post-U.S. presidential election landscape, fixed income investors have witnessed a back-up in G7 government bond yields on a global basis, and questions have arisen as to whether said […]
DJIA Today: Healthiest Of All The Indices

DJIA Today: Healthiest Of All The Indices

My Trading Journal for the DJIA Today:  Nasdaq still doesn’t look so bad, Russell index does look pretty rough, the S&P 500 is giving up all of Wednesday’s market rally, but the DJIA managed to hold that 10-day moving average with a three day pullback that was quite shallow in nature. If it holds, who knows, […]
Calm Before The Storm: Euro, US Dollar Steady Ahead Of ECB, NFPs

Calm Before The Storm: Euro, US Dollar Steady Ahead Of ECB, NFPs

Video length: 00:09:01   It’s another quiet morning on the DXY Index front, as market participants await tomorrow’s ECB rate decision and Friday’s US Nonfarm Payrolls report. While the European Central Bank rate decision is expected to be rather dull – no change in rates or the QE program are anticipated – the Euro has shown a proclivity to experience […]
Jaw Dropping Oil Increase

Jaw Dropping Oil Increase

The Saudi Oil Minister, Khalid Al-Falih, says that OPEC cuts have exceeded expectations of 1.5 million barrels of oil a day, but you would not know it by the jaw dropping 11.6-million-barrel crude oil increase reported by the American Petroleum Institute (API). Even with a bullish 5-million-barrel drop in gasoline supply, the largest weekly drop […]
Gundlach Says Fed Will Hike “Until Something Breaks”, Dumps Bank Shares

Gundlach Says Fed Will Hike “Until Something Breaks”, Dumps Bank Shares

Last week, in an abrupt shift to his bullish posture, Bank of America strategist Michael Hartnett laid out how he envisioned the transition from the current “Icarus” rally to what he dubbed the market’s “Great Fall” – or “Humpty Dumpty” trade – which he expected to take place in the second half of the year, and which […]