Author Archive: Jeremy Parkinson
CBN Sells Treasuries To Mop Up Naira
The Central Bank of Nigeria on Thursday sold another N98 billion of Treasury securities to reduce Naira liquidity and support the currency. The apex bank sold the 91-day bill at a higher interest rate of 16 percent, while the 196-day bill was offered at 17.81 percent. Total subscriptions were N194.6 billion. This was after 10.25 […]
Stocks To Trade: AMTD, MSFT, TSLA
Friday’s stock picks: Long TD Ameritrade (AMTD) Long Microsoft (MSFT) Short Tesla (TSLA)
EUR/USD: The ECB Should Take Notice Of EUR Overshooting
Tension is growing towards the ECB decision. What kind of tapering can we expect? Here is the view from Bank of America Merrill Lynch. Here is their view, courtesy of eFXnews: Bank of America FX Strategy Research argues that going into next week ECB October policy meeting, the central bank should take notice of the risk […]
Gold Rise As Dollar Weakens
Gold prices rose for the first time in four sessions and settled at $1289.76 an ounce as a softer dollar lent some support to the precious metal. XAU/USD traded as high as $1291.06 after the bulls pushed prices above the $1284-$1282 zone. Currently the market is in the process of testing this area as a […]
EURUSD: News From The US Sinks Buyers
Previous: On Thursday the 19th of October, trading on the euro/dollar pair closed up. The British pound was not so fortunate. The main reason for the euro’s rise on the crosses was the news from Spain. Mariano Rajoy, the Prime Minister of Spain, announced his government’s intention to impose direct rule on Catalonia after the region’s […]
USDCAD Daily Analysis – Friday, Oct. 20
USDCAD is facing the key support at 1.2433. A breakdown below this level will indicate that the upside movement from 1.2061 had completed at 1.2598 already, then the following downside movement could bring price back to next support level at 1.2300, followed by 1.2061. Resistance is at 1.2598, a breakout of this level could signal […]
Ignyta Announces Pricing Of Public Offering Of Common Stock
SAN DIEGO–(BUSINESS WIRE)–Ignyta, Inc. (Nasdaq: RXDX) (“Ignyta”), a biotechnology company focused on precision medicine in oncology, today announced the pricing of an underwritten public offering of 10.0 million shares of its common stock at a price to the public of $16.00 per share. The gross proceeds from this offering are expected to be $160.0 million, […]
E Market Briefing For Friday, Oct. 20
Looking way over their shoulders on this Anniversary of the 1987 crash, investors quickly saw that this wasn’t going to be a replication of that day; a drop that was telegraphed in advance by currency fluctuations we noted all the way back then (in predicting that break and ensuing buying opportunity), and the less-noticed attack […]
GE Options Are Pricing In Massive Dividend Cuts
GE shares are languishing at more than four year lows (as the broader market soars to record highs) and GE credit risk stands at 8 month highs (almost double the post-crisis lows hit in June). As Goldman analyst Joe Ritchie warns, a significant earnings per share/free cash flow reset looms and the prospect of a […]
5 Great GARP Stocks Based On Low PEG Ratio
Investors seeking long-term growth often wonder whether they should resort to any of the fundamental strategies like growth or value, or follow an approach that combines the best of both. Not to forget the fact that, a pure play value investor always misses the chance of betting on stocks that have bright long-term prospects. On […]
