July 2017 - Page 85 of 209 -

Weekly Unemployment Claims: Down Another 15K

Jul 20, 2017 Jeremy Parkinson Finance 0

Here is the opening statement from the Department of Labor: In the week ending July 15, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 243,750, […]

The Stock Whisper Of The Day: T, ERIC, NVDA

Jul 20, 2017 Jeremy Parkinson Finance 0

Hot stocks of the day: T, ERIC, NVDA Video length: 00:03:57

Dollar Firming Up

Jul 20, 2017 Jeremy Parkinson Finance 0

With both Japan and Europe out of the way, the Forex markets have moving fractionally to offer the US dollar a little strength. Of most interest to me is the Yen, which itself is off by about a quarter of a percent, which is letting gold slip away from all that overhead supply it has. […]

Blackstone Group And Bank Of New York Mellon Report Q2 Earnings

Jul 20, 2017 Jeremy Parkinson Finance 0

The Blackstone Group (BX) Q2 2017 and Bank of New York Mellon (BK) Q2 2017 earnings reports were released before opening bell this morning. Blackstone reported economic net income of 59 cents per share on in revenue, compared to the 62 cents per share Wall Street was expecting. The Bank of New York Mellon Q2 […]

Millennials Can Punt On Bitcoin, Own Gold And Silver For Long Term

Jul 20, 2017 Jeremy Parkinson Finance 0

– Bitcoin volatility shows not currency or safe haven but speculation – Volatility still very high in Bitcoin and crypto currencies (see charts) – Bitcoin fell 25% over weekend; Recent high of $3,000 fell to below $1,900 – Bitcoin least volatile of cryptos, around 75% annualized volatility – Gold much more stable at just 10% annualized […]

Oil Supply Falling And Geo-Political Worries Rising

Jul 20, 2017 Jeremy Parkinson Finance 0

Major oil draw and a Saudi Arabian coup? The Energy Information Administration (EIA) reported another major 4.727-million-barrel drawdown in crude supply even as US shale production rebounded last week causing US oil production to rise to 9.43 million barrels per day, up from 9.4 million barrels which puts it at a two-year high. We know […]

Why Wage Growth Will Remain Elusive

Jul 20, 2017 Jeremy Parkinson Finance 0

Just recently, Bloomberg ran a fascinating article discussing a new study from the McKinsey Institute. “American manufacturing could be poised to rebound as technological disruption shakes up global production chains, but that will offer little relief to displaced factory workers, according to new research by the McKinsey Global Institute. Now, McKinsey sees conditions changing in a way that […]

ECB Keeps Everything Unchanged, Language Seems Dovish

Jul 20, 2017 Jeremy Parkinson Finance 0

Ok, well the euro may have come off a little in the past 24 hours on profit-taking and general angst as to whether Draghi will have the balls to follow through and “assume Sintra”, but the setup for Thursday was clear. Euro at a near 15-month high… …European stocks that are starting to […]

Sensex Ends Flat; Mindtree Slumps Over 4%

Jul 20, 2017 Jeremy Parkinson Finance 0

Indian share markets lost their growing momentum and finished marginally lower in the afternoon session. At the closing bell, the BSE Sensex stood lower by 51 points, while the NSE Nifty finished down by 26 points. The S&P BSE Mid Cap finished down by 0.5% while & S&P BSE Small Cap finished up by 0.2%. Losses were largely seen in metal stocks, software stocks and pharma stocks. Asian […]

ECB Keeps Rates, QE Unchanged; Ready To Increase QE “In Size And Duration”

Jul 20, 2017 Jeremy Parkinson Finance 0

While nobody was expecting much from the ECB’s policy statement this morning, with all eyes on Draghi’s press conference in 45 minutes, judging by the disappointed market reaction to what were largely canned remarks by the ECB which sent the EUR/USD in knee-jerk reaction lower, positioning is indeed stretched and unless Draghi comes out with […]