August 2017 - Page 14 of 98 -

Cyber-Criminals Abandon Bitcoin; Homeland Admits “It’s A Lot More Legitimate Than People Think”

Aug 31, 2017 Jeremy Parkinson Finance 0

Regulators in the US, Europe and Asia who’ve sought to crack down on bitcoin – many of these regulators are also proponents of a “cashless society” – have been dealt a stunning setback by an unlikely defender of the pioneering digital currency: The US Department of Homeland Security. To wit, one anonymous DHS source told CNBC that bitcoin […]

EURUSD Daily Analysis – Thursday, Aug 31

Aug 31, 2017 Jeremy Parkinson Finance 0

EURUSD stays above a bullish support trend line on its 4-hour chart and remains in the uptrend from 1.1662. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2165 area. Only a clear break below the trend line support could bring price back to […]

Gold Price Drop May Continue On US PCE Inflation Data

Aug 31, 2017 Jeremy Parkinson Finance 0

Gold prices continued to edge lower as a supportive round of US economic data bolstered Fed rate hike bets and drove the US Dollar higher, undermining support for anti-fiat assets (as expected). Follow-through proved limited however as markets look ahead to Friday’s official US employment figures before showing strong directional conviction. In the meantime, the PCE inflation gauge – the Fed’s […]

EC Eaton: Paying Dividends Every Year For Nearly A Century

Aug 31, 2017 Jeremy Parkinson Finance 0

While Eaton (ETN) won’t show up on the list of dividend aristocrats, the company has one of the most impressive dividend streaks in the world. Eaton has paid dividends every year for more than 90 years (dating back to 1923) and compounded its payout by more than 10% annually over the past decade. With a dividend […]

GBP: Negative Brexit Sentiment Weights But Not Much Further Scope For Selling

Aug 31, 2017 Jeremy Parkinson Finance 0

Brexit talks are into their third round. While the UK offered some concessions, the EU does not see enough progress. What does this mean for the pound? The team at BTMU analyzes: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that while the negative Brexit sentiment could put a downside pressure on GBP over […]

Share Markets In India Open On A Cautious Note Ahead Of GDP Numbers

Aug 31, 2017 Jeremy Parkinson Finance 0

Majority of Asian stock indices are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.43% while the Hang Seng is down 0.56%. The Nikkei 225 is trading higher by 0.7%. US stocks rose on Wednesday after stronger-than-expected US economic growth outweighed concerns about escalating tensions between the United States and North Korea. Back home, share markets […]

Gold Flash-Crashes

Aug 30, 2017 Jeremy Parkinson Finance 0

After the shenanigans in US mega-tech stocks over the last two days and the seemingly well orchestrated melt-up to pre-J-Hole levels in the dollar, why should anyone be surprised that ‘someone’ decided to try to sell $1.1 billion notional into the Asian open… Was The Bank of Japan at work again? The flash crash lows coincided […]

Why Wages Have Lost Ground In The 21st Century

Aug 30, 2017 Jeremy Parkinson Finance 0

One of the enduring mysteries for conventional economists is why wages aren’t rising for the bottom 95% even as unemployment is low and hiring remains robust. According to classical economics, the limited supply of available workers combined with strong demand for workers should push wages higher. Why have wages for the bottom 95% lost ground in […]

EC Asymmetries In Fiscal Policy, Again

Aug 30, 2017 Jeremy Parkinson Finance 0

One of the most interesting papers presented at the Jackson Hole conference was written by Alan Auerbach and Yuriy Gorodnichenko, entitled Fiscal Stimulus and Fiscal Sustainability. A key takeaway is that fiscal stimulus, during a slump, is likely to reduce — rather than raise — the debt to GDP ratio. This point is highlighted in Figure 3 in the paper, […]

Five Below, Inc. Reports Q2 Net Sales, Comp & Earnings Exceeded Outlook & Raises Full Year Fiscal 2017 Guidance

Aug 30, 2017 Jeremy Parkinson Finance 0

Written by Lorimer Wilson Five Below, Inc. (NASDAQ: FIVE) today announced Q2 net sales which exceeded the high end of their sales, comp and earnings outlook and raised full year fiscal 2017 guidance. About Five Below: Five Below is a specialty value retailer targeting teen and pre-teen customers and offers a broad range of trend-right, high-quality […]