2017 - Page 1157 of 1198 -

Sensex Trades Flat; Consumer Durables Stocks Gain – Thursday, March 9

Mar 09, 2017 Jeremy Parkinson Finance 0

After opening the day on a flat note, share markets in India have witnessed selling 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 auto sector leading the gains, while stocks in the oil & gas sector are trading in red. The BSE Sensex is trading down […]

Record Number Of Americans Forfeit Citizenship As Hope For Near-Term Tax Relief Fades

Mar 09, 2017 Jeremy Parkinson Finance 0

Obama warned everyone back in 2009 that “elections have consequences.” Now, eight years later, we learn that apparently the “consequences” of running around the country for nearly a decade threatening to raise taxes, “spread the wealth around” and pursue any number of other socialist policies are a record number of people renouncing their U.S. citizenship. As Fortune points out, […]

NZD/USD Equidistant Channel In A Strong Downtrend

Mar 09, 2017 Jeremy Parkinson Finance 0

The NZD/USD has been dropping consistently within the Equidistant channel versus its counterpart USD mainly due to expectations the Federal Reserve will raise interest rates next week while the Reserve Bank of New Zealand keeps its rate low. Additionally, the dairy prices fell in the overnight auction, adding to overall NZD weakness. The POC […]

EUR/USD, GBP/USD And XAU/USD TA – March 9

Mar 09, 2017 Jeremy Parkinson Finance 0

EUR/USD intra-day analysis EUR/USD (1.0531): EUR/USD is seen testing the support level at 1.0532 – 1.0521 on the 4-hour chart. A break down below this support level could signal further declines in store, while to the upside the gains could be limited to 1.0600. Thus, the EUR/USD could continue to remain range bound in the […]

January 2017 Wholesale Sales Appear To Be Improving

Mar 09, 2017 Jeremy Parkinson Finance 0

The headlines say wholesale sales were down month-over-month with inventory levels up remaining at levels associated with recessions. Our analysis shows significant improvement of the 3 month averages and our monthly analysis shows significant acceleration.. Analyst Opinion of this month’s Wholesale Sales The headlines said this sector declined this month. The growth this month was […]

ECB March Meeting – No Changes But Hawkish Undertones Expected

Mar 09, 2017 Jeremy Parkinson Finance 0

The European Central Bank’s monetary policy meeting today is quite likely to pass off as a non-event as some of the major Eurozone member nations gear up for elections that could potentially unsettle the current status quo. The European Central Bank is unlikely to add further to the turmoil especially with no major reasons to […]

Oil Prices Decline, Dollar Firms

Mar 09, 2017 Jeremy Parkinson Finance 0

The dollar held steady during Thursday’s Asian session after strong U.S. jobs data all but confirmed the likelihood of a Fed interest rate hike next week. Oil prices plummeted 5 percent on Wednesday to their lowest prices of 2017 as reports confirmed that U.S. crude inventories hit record highs. U.S. production now stands at 9.1 […]

Crude Oil Elliott Wave View: Ending A Flat Correction

Mar 09, 2017 Jeremy Parkinson Finance 0

Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from the 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. A revised view suggests the decline starting from 1/3 high (55.24) is unfolding as a flat Elliott Wave structure where Minor wave A ended at 50.71 and Minor wave […]

Urban Outfitters CEO: “Like Housing, The Retail Bubble Has Now Burst”

Mar 09, 2017 Jeremy Parkinson Finance 0

For months now we’ve talked about the retail bubble and the effects of its implosion on mall owners across the country (see “America’s Desperate Mall Owners Turn To Grocers, Doctors & High Schools To Fill Empty Space” and “Pittsburgh Mall Once Worth $190 Million Sells For $100” for a sample of the carnage). Now, after […]

A Utility That Can’t Afford Its Dividend

Mar 09, 2017 Jeremy Parkinson Finance 0

Dividend investors love utilities. That’s not surprising. These companies usually provide solid yields and stable dividends. This is despite the fact that SafetyNet Pro ranks most utilities a C or lower. And there’s a simple reason for that… Cash flow is key to dividend safety. Utilities use debt to finance operations and dividends. So their cash flows […]