August 2017 - Page 51 of 98 -

Today’s Trading Plan – EURUSD, AUDUSD, AUDNZD

Aug 28, 2017 Jeremy Parkinson Finance 0

Good morning/afternoon everyone! It may be a quiet morning in the foreign exchange market but the weakness we saw in the dollar last week carried over this morning as the greenback is trading lower against all of the major currencies this morning. The market is still disappointment with Yellen and pleased with Draghi. However with […]

E Angola’s New President Faces Daunting Economic Challenges

Aug 28, 2017 Jeremy Parkinson Finance 0

The people of Angola did something last week that they had not done for a long time: They elected a new president. The winning candidate, João Lourenço, will take over from President José Eduardo dos Santos, who came into office in 1979. Lourenço, who is from the same party as dos Santos, the People’s Movement […]

Sensex Finishes On A Firm Note; Nestle Stock Rallies 7%

Aug 28, 2017 Jeremy Parkinson Finance 0

Indian share markets finished in green for fourth consecutive session amid buying in FMCG stocks, software stocks and consumer durables stocks. At the closing bell, the BSE Sensex closed higher by 155 points and the NSE Nifty finished up 56 points. The S&P BSE Mid Cap finished up by 1% while & S&P BSE Small Cap too finished up by 1.1%. Nestle share price surged 6.6% in today’s trade […]

USD/JPY: Threatens A Large Bearish Triangle; Bounce Temporary – Credit Suisse

Aug 28, 2017 Jeremy Parkinson Finance 0

Dollar/yen is trading around 109, leaning lower but maintains a safe distance from the critical 108.10 level. What’s next? The team at Credit Suisse sees downside pressure. Here is their view, courtesy of eFXnews: Credit Suisse FX Technical Strategy Research argues that USD/JPY bounces from current levels looks temporary, with resistance at 110.85/111.05 now ideally capping […]

Bluebird Bio Jumps After Gilead Buys Peer Kite Pharma

Aug 28, 2017 Jeremy Parkinson Finance 0

Shares of Bluebird Bio (BLUE) are up 6% in premarket trading to $104.00 after Gilead Sciences (GILD) announced an agreement to acquire Kite Pharma (KITE) for $11.9B or $180 per share. Juno Therapeutics (JUNO) is up 14% to $35.00 while Cellectis (CLLS) is up 8% to $27.18.

The Stock Whisper Of The Day: AAPL, TLT, IAU, X

Aug 28, 2017 Jeremy Parkinson Finance 0

Hot stocks of the day: AAPL, TLT, IAU, X Video length: 00:03:14

Oil And The Aftermath Of Hurricane Harvey

Aug 28, 2017 Jeremy Parkinson Finance 0

Unprecedented The Gulf Coast and Houston are in our prayers as they face unprecedented challenges in the aftermath of Hurricane Harvey. Hurricane Harvey, the strongest Texas hurricane in 50 years, brought record rainfall and unprecedented flooding. It may take years for the area to recover and it is going to be a historic challenge for […]

FX COT Update: Sterling Selling Pressure Resurfaces

Aug 28, 2017 Jeremy Parkinson Finance 0

EUR/USD Non-Commercials increased their net long positions in the Euro last week buying 9k contracts to take the total position to 88k contracts. While slightly down from recent highs, the EUR long position is being rebuilt heading into September as investors continue to anticipate a more aggressive winding down of QE by the ECB, to […]

Across-The-Board Gains For Major Asset Classes Last Week

Aug 28, 2017 Jeremy Parkinson Finance 0

Global markets posted gains in every broad category last week, based on a set of exchange-traded products. Leading the field higher: stocks in emerging markets, closely followed US real estate investment trusts (REITs). Vanguard FTSE Emerging Markets (VWO) topped the winners list for the second straight week. The ETF’s 2.7% gain lifted the fund to its highest […]

Amazon Slashes Whole Foods Prices As Much As 43%, Channel Checks Reveal

Aug 28, 2017 Jeremy Parkinson Finance 0

Following up on last week’s story that sent grocery – and Wal-mart – stocks tumbling, when Amazon announced it would cut Whole Foods prices as soon as Monday, Bloomberg reports that according to channel checks, “Amazon spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market” by as much […]