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US Dollar: Double Top Or Merely Month-End Flows?

US Dollar: Double Top Or Merely Month-End Flows?

After a strong start to this week’s trade, the US dollar is on the back foot on the final trading day of the week, month, and quarter. The proximate cause for the buck’s weakness is good news overseas: specifically, the EU countries reached an agreement on migration, while the UK’s Q1 GDP was revised up by […]
It’s Easy To Predict Market Outcomes With Precedence, But Without…?

It’s Easy To Predict Market Outcomes With Precedence, But Without…?

We’ve reached the end of the week and what a week it has been. A couple of overextended streaks came to an end during the trading week, including a Dow and Financials Select Spiders ETF (XLF) losing streak. Yesterday morning, we discussed the potential for XLF going forward. “While the XLF and individual big banks […]
Morning Call For Friday, June 29

Morning Call For Friday, June 29

Overnight Markets and News Sep E-mini S&Ps (ESU18 +0.35%) this morning are up +0.29% and European stocks are up +1.05% as global stocks rebound from this week’s declines. European markets and EUR/USD received a boost after EU leaders agreed on a migration package as members agreed to increase border security, set up holding centers to […]
Oil: No Cushing Cushion

Oil: No Cushing Cushion

With the Trump Administration working towards zero Iranian exports by November, Libyan oil supplies at risk due to clashes with militias, and crashing supply from Venezuela, reports of tightening U.S. supply is keeping oil on edge. Oil prices continued its drive, hitting $74 a barrel for the first time since that fateful OPEC meeting in […]
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                        How Close Is Blockchain To Taking Crypto Mainstream?

E How Close Is Blockchain To Taking Crypto Mainstream?

We are living in the information age where technologies like the Internet of Things (IoT), big data, cloud services, and artificial intelligence continue to make headlines across the digital space. Yet, even with the unquestionable applicability of these technologies married with emerging trends in several other industries, they continue to be dwarfed by the growing […]
Abbott Labs Makes Many Medical Devices & Systems

Abbott Labs Makes Many Medical Devices & Systems

Today I’m reviewing a large-cap US medical device firm. Its name is Abbott Laboratories. Its trading ticker symbol is ABT.   Abbott Laboratories is a health care company that manufactures medical devices, blood glucose monitoring kits, nutritional healthcare products, diagnostic products and equipment, and branded generic drugs. Abbott Laboratories discovers, develops, manufactures, and sells health care products […]
EUR/USD Pair Jumps After Positive Meeting. Germany Employment And EU CPI On Tap

EUR/USD Pair Jumps After Positive Meeting. Germany Employment And EU CPI On Tap

The EUR/USD pair jumped overnight to the highest level since Wednesday after optimism emerged from an EU summit. The pair has reached 1.1660. It was also weighed down on the US final Q1 GDP numbers that were revised slightly lower. Yesterday, the final GDP numbers showed that the economy had grown by just 2.0% which […]
European Yield Curve Collapses On Report ECB Considering “Operation Twist”

European Yield Curve Collapses On Report ECB Considering “Operation Twist”

Back in April, BofA analyst Barnaby Martin suggested that in order to mitigate the potential fallout from the end of the ECB’s QE, the European Central Bank could engage in an “Operation Twist” to flatten the curve and keep term premiums low, or in other words, to avoid chaos for the European bond market. BofA: […]
Sensex Ends 386 Points Higher; Oil & Gas Stocks Witness Buying

Sensex Ends 386 Points Higher; Oil & Gas Stocks Witness Buying

Indian share markets continued their momentum during closing hours and ended the day on a positive note. Gains were largely seen in the metal sector and oil & gas sector. At the closing bell, the BSE Sensex stood higher by 386 points (up 1.1%) and the NSE Nifty closed higher by 125 points (up 1.2%). The BSE Mid Cap index ended the day up by […]
EURUSD: Euro Strengthens On Tusk’s Comments

EURUSD: Euro Strengthens On Tusk’s Comments

Previous: On Thursday the 28th of June, trading on the euro closed slightly up. A technical correction along with the general weakening of the dollar pushed the euro up. Softer rhetoric from the Trump administration towards China led to increased demand for risky assets. The euro later recovered from 1.1527 to 1.1600. The daily candlestick closed […]