Category Archive: Finance, No picture
Mortgage Prisoners Totally Screwed In Australia As Refinance Rejections Soar
Australia is flooded with “too good to be true” refinance offers. Rejections up 349% since April, 1426% from December. Looking to refinance your Australian property you wish you didn’t buy? Not to worry, I can help is the message banks are sending. Oops, strike that. The total number of monthly rejections went from 2,031 in […]
Is Tunisia The Next Emerging Market To Implode?
Seems like every few days a newly developing country discovers that it can’t pay back the dollars and/or euros it borrowed back when “external foreign currency debt” seemed like a good thing. Next up: Tunisia, apparently. From today’s Wall Street Journal: Nation That Sparked Arab Spring Finds Itself a Springboard for Illegal Migration AL ATAYA, […]
EOS Bullish As It Builds A Voting System To Allocated Saving Funds
The cryptocurrency market was in a good mood on Tuesday as most major coins in top 100 turned green for the day. IOTA led the top 10 with a 28% gain, confirming that saucer bottom bullish reversal chart pattern I talked about on Sunday. Among top gainers was EOS, which also appears to have bottomed […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, August 29
WTI Crude Oil The WTI Crude Oil market fell during trading on Tuesday as the $69 level looks to be a bit too resistive. The market had low volume though, so one has to wonder whether this was anything more than technical. It was a very choppy session on the short-term charts, making it very […]
Bitcoin Is Becoming The New Safe Haven Trade
Emerging markets are continuously using bitcoin (BTC) as a way to get their money from their respective countries. Cryptocurrencies are attractive to individuals in less developed economies for a few reasons: Transaction costs are the same as gold.BTC’s higher price volatility is offset by gold’s higher conversion fees Liquidity favors BTC BTC only requires access to […]
Sensex Trades Flat; Rupee Hits Record Low
Stock markets in India are trading flat after the Rupee hit a record low against the US dollar. Gains are largely seen in power stocks and bank stocks. The BSE Sensex is trading down by 35 points and the NSE Nifty is trading down by 20 points. Meanwhile, the BSE Mid Cap index is trading up by 0.7% while, the BSE Small Cap index is trading up […]
Early Pumpkin Spice Lattes Sign Of Trouble At Starbucks?
For many Americans, the month of September is something to look forward to every year with the return of cooler temperatures and, for millions of Starbucks’ (Nasdaq: SBUX) consumers, the return of the coffee retailer’s delicious Pumpkin Spice Latte. Except this year, because Starbucks isn’t waiting for cooler temperatures to roll out its most popular seasonal drink. For fall […]
BTC/USD Forex Signal – Wednesday, August 29
Yesterday’s signals were not triggered, as the price never reached any of the key support or resistance levels. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be taken between 8am London time and 5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 […]
Global Companies Make A 5% Net Profit Margin
We have combined the financial statements of globally-listed non-financial companies into one for the past 23 years. The average number of companies included in this study was 12,586 per year and as of 2017, it was 17,159. Net profit margin has averaged 5.1% and varied between 3.3% and 7.1%, 95% of the time in the […]
EURUSD: Bulls Quickly Recovering Their Losses On The Back Of An Increased Appetite For Risk
Previous: On Tuesday the 27th of August, trading on the EURUSD pair closed up. Volatility was high across all of yesterday’s trading sessions. In Asia, the bears tried to reverse the upwards trend, but ran out of steam after a couple of hours. The pair then recovered from 1.1663 to 1.1700. The euro then rose further […]
