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USD, JPY Strength Comes Roaring Back: Euro, Pound Vulnerable

USD, JPY Strength Comes Roaring Back: Euro, Pound Vulnerable

USD STRENGTH CONTINUES AS DOLLAR REMAINS BID The US Dollar continues to catch bids and this strength is showing against most major currencies. The one notable exception, however, is the Japanese Yen as prices there remain in a relatively range-bound format. This can be somewhat vexxing for some market participants, particularly given the general penchant […]
February 2018 And YTD Asset Class Performance

February 2018 And YTD Asset Class Performance

Below is a look at our asset class performance matrix showing the total return of a number of key ETFs across equities, fixed income, commodities, and currencies. For each ETF, we show its total return over the last week, in February, and year-to-date. Major US index ETFs all fell in February, with the Dow (DIA) […]
Best Buy (BBY) Rallies On Q4 Earnings Beat, Guides For FY19

Best Buy (BBY) Rallies On Q4 Earnings Beat, Guides For FY19

Best Buy Company, Inc. BBY returned to positive earnings trend in fourth-quarter fiscal 2018 after reporting a miss in the preceding quarter. With this, the company has delivered a positive earnings surprise in 20 of 21 quarters. Moreover, the company surpassed sales estimates in the fourth quarter, which marked its third beat of the last four quarters. […]
Markit Manufacturing PMI: “PMI Close To Three-Year Peak”

Markit Manufacturing PMI: “PMI Close To Three-Year Peak”

The February US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 55.3, down from the 55.5 final January figure. Today’s headline number was below the Investing.com forecast of 55.9. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is an excerpt from Chris […]
Global Growth Narrative Stumbles As Nomura Warns “Best May Now Be Behind Us”

Global Growth Narrative Stumbles As Nomura Warns “Best May Now Be Behind Us”

The ongoing demise of the “synchronised global growth” narrative – which started showing up in macroeconomic data disappointments world-wide over a month ago – is beginning to become evident in capital markets as Nomura’s Charlie McElligott points out that risk-asset weakness (and fixed income strength) hints at a growth peak and investor narratives shifting to a developing-acknowledgement that […]
What Other Vault Like Opportunities Is Veeva Pursuing?

What Other Vault Like Opportunities Is Veeva Pursuing?

According to a recent report, the Global Healthcare Cloud Computing market is estimated to grow to $15.8 billion by the year 2025 from $4.5 billion in 2016. Pleasanton, California-based Veeva (NYSE: VEEV), a leading player in the industry, recently announced stellar quarterly results. Veeva’s Financials Veeva was initially founded as a cloud-based customer relationship management and regulated […]
Where Next For Gold After Such A Bright Start?

Where Next For Gold After Such A Bright Start?

The MT5 daily gold chart continues to look increasingly weak, and even more so after yesterday’s price action which has followed through in early trading today, with the precious metal now looking set to test the key $1300 per ounce price point. For gold bugs, the start of the year promised much with gold rising […]
Uber And Lyft Are Begging Government For A Monopoly On Self-Driving Cars

Uber And Lyft Are Begging Government For A Monopoly On Self-Driving Cars

From free-market upstarts to incumbent cronies? It’s only a matter of time before American roads are filled with self-driving cars. In fact, it is quite likely that within the next decade or so, all the vehicles we see on the road will be self-driving, making the cars of today a thing of the past. Already, […]
Crude Oil – It Smells Like… Profits

Crude Oil – It Smells Like… Profits

Although oil bulls pushed black gold higher after yesterday market’s open, their triumph was very short-lived. Looking at the daily chart, it even tempts to say that their rally took place on an empty tank. Why? Because thanks to yesterday’s decline oil bears not only made short positions more profitable but also gained next pieces […]
The Big Four Economic Indicators: Real Personal Income In January

The Big Four Economic Indicators: Real Personal Income In January

Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, a general belief that there are four big indicators that the committee weighs […]