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US Business Cycle Risk Report – Wednesday, February 28

US Business Cycle Risk Report – Wednesday, February 28

Jerome Powell, the newly installed chairman of the Federal Reserve, advised in his public debut as head of the central bank that “there’s always a risk of a recession at any point in time, but I don’t see it as at all high at the moment.” Instead, he told the House Financial Services Committee that “I would […]
Israel Chemicals Help To Feed The World

Israel Chemicals Help To Feed The World

The basic materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The basic material industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; paper; silver; specialty chemicals; steel. Today I’m reviewing an agricultural inputs company, Israel Chemicals Ltd. It’s trading ticker symbol is ICL.  Israel Chemicals Ltd is a […]
Sensex Closes 162 Point Lower; Bank & Metal Stocks Fall

Sensex Closes 162 Point Lower; Bank & Metal Stocks Fall

Indian share markets finished the trading session in red for a second consecutive day. The sentiments remained negative following losses in global equity markets after hawkish comments from US Federal Reserve chair Jerome Powell, raising prospects of more rate hikes. Market watchers were also cautious ahead of GDP data due to be released after 5.30pm. At […]
SunTrust Downgrades Celgene On Refusal To File Letter For Ozanimod

SunTrust Downgrades Celgene On Refusal To File Letter For Ozanimod

  SunTrust analyst Yatin Suneja downgraded Celgene (CELG) to Hold from Buy after the company received a refusal to file letter from the FDA on ozanimod for relapsing forms of multiple sclerosis. The analyst cut his price target for the shares to $106 from $139. Celgene in premarket trading is down 6%, or $5.79, to […]
Consumers In Surprising Places Are Borrowing Like Crazy

Consumers In Surprising Places Are Borrowing Like Crazy

The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune: Household Debt Sees Quiet Boom Across the Globe (Wall Street Journal) – A decade after the global financial crisis, household debts are considered by many to be a problem of the past after having come down in the U.S., U.K. […]
EIA Sees Possibility Of Peak Tight Oil By 2022

EIA Sees Possibility Of Peak Tight Oil By 2022

The latest Annual Energy Outlook from the Energy Information Administration suggests the possibility that U.S. oil production will stop growing in three to four years. Between 2010 and 2015, annual oil production in the U.S. grew by four million barrels per day (BPD). Production dipped in 2016, but then U.S. crude oil production again rose […]
USD/CAD Daily Analysis – Wednesday, February 28

USD/CAD Daily Analysis – Wednesday, February 28

USD/CAD broke above 1.2757 resistance, suggesting that the upside movement from 1.2450 has resumed. Further rise could be expected and next target would be at 1.2850 area. Key support is now at 1.2614, only a breakdown below this level could bring price back to 1.2500 area.
These 5 VIP Hedge Fund Stocks Are Beating The Market

These 5 VIP Hedge Fund Stocks Are Beating The Market

Hedge fund trades have just been revealed for the last quarter, with the release of 13F forms filed with the SEC. Based on the latest trades of top hedge funds, Goldman Sachs has compiled a list of 50 “Hedge Fund VIP Stocks”. These are the stocks that appear most often in the top 10 holdings […]
China PMI And Copper

China PMI And Copper

With the end of February, China puts itself in the spotlight with the first major PMI results of all the major economies, and major economy is the key word as China’s influence across global markets only grows by the year. The February manufacturing PMI came in at 50.3 (51.2 expected, 51.3 previous), and the Non-manufacturing […]
Gold Prices Brace For Second Day Of Powell Testimony, US GDP Data

Gold Prices Brace For Second Day Of Powell Testimony, US GDP Data

Gold price fell as hawkish testimony from Federal Reserve Chair Jerome Powell stoked rate speculation. That sent the US Dollar higher alongside benchmark US 10-year Treasury bond yields (as expected), undermining the appeal of paper money alternatives and non-interest-bearing assets epitomized by the yellow metal. Crude oil prices followed suit. Fears of a rapid rise in borrowing costs weighed on risk appetite, […]