Author Archive: Jeremy Parkinson
Premarket Biotech Digest – ANTM May Increase Premium, IPXL Receives FDA Approval, ZTS Receives EC Nod
Top Pick of the Day: MNOV MediciNova Inc. (MNOV) announced that it has received positive preliminary results from a six-month open-label extension period evaluating MN-166 (ibudilast) in patients with amyotrophic lateral sclerosis. ALS patients who completed both the six-month treatment period in the Phase 2 clinical trial and the six-month open-label extension period (n=31) experienced significantly higher […]
Another Rate Hike By June?
The probability of another rate hike for the Fed’s policy meeting in June continues to tick higher, according to futures data, but no change in rates is expected at next week’s FOMC meeting. Fed funds futures are currently pricing in a 75% probability that the central bank will lift the Fed funds futures on June […]
GBP/USD Moves Closer To The Psychological Top At 1.3000
At the beginning of Thursday trading, the GBP/USD pair shot up achieving strong gains up to 1.2917, before settling around 1.2897 at the time of writing. Amid continued bullish momentum for the pair since the surprising announcement by the UK P.M of the early elections to support the stability in the country in the post […]
Trump-Xi Summit Sets Positive Tone For U.S.- China Relations
Concerns over an imminent U.S.-China trade war quickly evaporated this month after an executive meeting between Donald Trump and Xi Jinping ended on friendly terms, setting the stage for a potentially amicable relationship between the world’s greatest economic powers. The U.S. president hosted his Chinese counterpart over a two-day summit in Mar-a-Lago April 6-7, where […]
Deutsche Bank Tumbles Most In 5 Weeks After Earnings Disappoint Across The Board
On the surface, Deutsche Bank’s results this morning came in better than expected with first quarter earnings more than doubling as Germany’s biggest bank benefited from a pick-up in market activity at the start of the year. In the three months to March, Deutsche managed to make a net profit of €575m, more than double […]
Euro May Fall As Dovish Draghi Sets Stage For ECB QE Change
A monetary policy announcement from the European Central Bank headlines the economic calendar. Changes aside from the implementing the previously announced intent to reduce the size of monthly asset purchases – down to €60 billion from €80 billion previously – are not expected. When that change was unveiled some months ago, it was coupled with an extension […]
Several Developments Ahead Of The ECB Meeting
The ECB meeting and the press conference that follows it is the main event. However, it has had to compete with the Bank of Japan and Riksbank meetings, as well as the further reflection of the tax reform proposals by the Trump Administration yesterday. Also, after a misdirection over pulling out of NAFTA entirely, the […]
3 Key Predictions For Microsoft’s Q3 Report
Investors are gearing up for a wild day on the market as some of the world’s biggest tech companies, including software giant Microsoft (MSFT – Free Report), are set to release earnings reports on Thursday. Microsoft will announce its third-quarter fiscal 2017 results, and the performance of its individual business segments will reveal a lot about the […]
Coffee Carnage Crushes Hedge Funds Amid Record Bullish Positioning
The ‘smart money’ was disastrously wrong… Having piled herd-like into near record-high bullish positions in Robusta futures (used in instant coffee) over the last year… Hedge funds face coffee carnage this week as the price for the commodity collapsed over 13% in the last 6 days… The biggest bloodbath since July 2011… As Bloomberg reports, while the market is facing […]
USD/JPY: Yen Remaining Under Pressure
As widely expected, Bank of Japan maintained its monetary policy as is without any changes, therefore, the Yen remained under pressure as a result of increasing risk appetite and walking away from safe heaven assets. This was after the concerns eased about the French elections and the fear of having a military conflict in the […]
