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Emerging Market Currencies Falling: These ETFs Are Still Hot

Emerging Market Currencies Falling: These ETFs Are Still Hot

The MSCI Emerging Markets Currency Index — a basket of currencies that tracks the country allocations in the emerging market (EM) index — is down nearly 9% from this year’s high on Apr 3. However, the slide has not taken the sheen away from the emerging market ETFs. This is especially true as iShares Core MSCI […]
Dollar May Prove Resilient If It Is Turn Around Tuesday

Dollar May Prove Resilient If It Is Turn Around Tuesday

The euro and sterling extended their recovery from the US hourly earnings lows seen before the weekend. However, the move stalled in the European morning, after the UK reported better than expected earnings itself.   Sterling approached the 61.8% retracement of the decline from the July high (~$1.3365) found just below $1.31. It has been correcting higher since reaching […]
Decline In YTD Issuance Likely Causes Supply-Demand Imbalance In High-Yield Bond

Decline In YTD Issuance Likely Causes Supply-Demand Imbalance In High-Yield Bond

Continued contraction in corporate issuance of high-yield bonds is likely creating a supply-demand imbalance, helping the likes of HYG.   Eight months in, 2018 corporate debt issuance continues to shrink. August saw issuance of $98.6 billion, made up of $83.4 billion in investment grade (IG) and $15.2 billion in high-yield (HY). For the year, the […]
Sensex Slumps 500 Points; Rupee Continues To Slide

Sensex Slumps 500 Points; Rupee Continues To Slide

After opening the day marginally lower, share markets in India witnessed negative trading activity throughout the day and ended the day in red. All sectoral indices traded in red, with stocks in the metal sector and stocks in the auto sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 509 points (down 1.3%) and the NSE Nifty closed down by […]
Global Stocks, Futures Slide As China Shatters Trade Calm

Global Stocks, Futures Slide As China Shatters Trade Calm

Just when it seemed that the tenuous trade ceasefire between the US and China could result in more stable market sentiment, European stocks dropped -0.5% to session lows led by mining and autos, with S&P futures sliding as volume surged, joining Asia in the red after Reuters reported that China would ask the World Trade Organization for […]
Renesas Acquires Integrated Device Technology For $49 Per Share Or $6.7B

Renesas Acquires Integrated Device Technology For $49 Per Share Or $6.7B

Renesas Electronics (RNECY) and Integrated Device Technology (IDTI) announced they have signed a definitive agreement under which Renesas will acquire IDT for $49.00 per share in an all-cash transaction representing an equity value of approximately $6.7B. The stock closed yesterday down 58c to $42.08. Closing of the transaction is expected to occur in the first […]
The Downside For Oil Is Limited

The Downside For Oil Is Limited

More than two weeks of nearly uninterrupted price gains for crude oil ended this week, with the rally running out of steam. The question is what happens next?  Oil prices posted steep losses just as the bulls were back on the march. WTI briefly topped $70 per barrel in recent days and Brent was flirting […]
Why A Roth 401K Plan Makes Sense

Why A Roth 401K Plan Makes Sense

Most everyone knows about a 401k plan. It is a typical benefit employers provide to help their employees save for retirement. While there are many benefits to investing in a 401k plan, there are some drawbacks. As such, a new version of the 401k plan has been growing in popularity. The Roth 401k plan. What […]
USD/CAD Weekly Analysis – Tuesday, Sept. 11

USD/CAD Weekly Analysis – Tuesday, Sept. 11

USD/CAD remains in the uptrend from 1.2887, the pullback from 1.3226 is likely consolidation for the uptrend. Deeper decline is still possible and the target would be at 1.3000. However, as long as 1.3000 support holds, the uptrend could be expected to resume and one more rise towards 1.3350 is still possible after the consolidation.
Natural Gas Is Already A Bridge Fuel

Natural Gas Is Already A Bridge Fuel

Those who wish to debate whether natural gas should be a bridge between a coal-fired past and a renewable future are missing the point. It is already serving as that bridge. Many environmentalists are staunchly against the idea that natural gas can act as a bridge fuel to a renewable future. Actor Mark Ruffalo echoed the […]