Category Archive: Finance
Biogen Upgraded To Outperform From Market Perform At BMO Capital
BMO Capital analyst M. Ian Somaiya upgraded Biogen (BIIB) to Outperform saying risks to the multiple sclerosis franchise and Spinraza are getting “quickly priced in” following yesterday’s post-earnings selloff. The “poor-quality” Q3 beat helps set future expectations for multiple sclerosis and Spinraza, Somaiya tells investors in a research note. He expects investor focus to […]
AUD/USD Extends Losses On Weak Consumer Prices
The Australian dollar on Wednesday plunged across board on weak consumer prices. Inflation rate unexpectedly rose 0.6 percent in the third quarter, below the 0.8 percent expected by economists. Suggesting that high foreign exchange rate continued to subdue prices. In August, RBA said raising exchange rate is likely to impact productivity of the quarter and weigh on […]
2-Year Treasury Yield Rises To Nine-Year High
The Treasury market continues to price in firmer odds of another rate hike by the end of the year. Notably, the policy sensitive 2-year yield edged up to 1.60% yesterday (Oct. 24) for the first time since 2008, signaling that a hawkish bias continues to dominate fixed-income trading. The benchmark 10-year yield advanced too, although […]
AUD/USD Daily Analysis – Wednesday, October 25
AUD/USD broke below 0.7732 support, indicating that the downtrend from 0.8124 has resumed. Further decline could be expected in the coming days and next target would be at the resistance-turned-support trend line on the weekly chart now at around 0.7690. Near term resistance is at the falling trend line on the 4- hour chart, only a clear […]
Why People Are Wrong About Wal-Mart
“Wal-Mart will go to $100”. “Wal-Mart is inexpensive and it is the inexpensive alternative to Amazon.” Oops… Jim Cramer said it. Sorry, but that’s a just a “filler” thesis. I’ll share real reasons for why Wal-Mart (WMT) is inexpensive through a unique perspective experienced over the past 6 months. First, let me start with some […]
Sensex Closes To Record Highs; SBI Rallies 28%
Indian share markets rose to record highs as public-sector banks soared after the cabinet unveiled a Rs 2.11 trillion recapitalization plan, while construction stocks rallied after the government approved an Rs 6.92 trillion investment plan. State Bank of India was the top percentage gainer in the NSE Nifty, surging as much as 27% to its highest […]
Managing Your Credit: 4 Ways To Get The Most Out Of Your Cards
Chances are, managing your credit will be an important part of your finances. Here’s what you need to know about getting the most out of your credit situation. Unless you have a checking account with a huge sum of money, somewhere along the line you’re going to need access to a line of credit. Most […]
Stagnation Nation: Middle Class Wealth Is Locked Up In Housing And Retirement Funds
The majority of middle class wealth is locked up in unproductive assets or assets that only become available upon retirement or death. One of my points in Why Governments Will Not Ban Bitcoin was to highlight how few families had the financial wherewithal to invest in bitcoin or an alternative hedge such as precious metals. The limitation on […]
EUR/USD: 1.1730 Likely To Be Tested Again
Previous: On Tuesday the 24th of October, trading on the euro/dollar pair closed up. The euro rose along with the dollar thanks to high demand for it on the crosses, but still ended up losing the ground it gained by the end of the session. The euro dropped from a session high of 1.1793 to 1.1758. […]
USD/CAD Inverse Head & Shoulders Takes Shape Ahead Of BoC Meeting
– Bank of Canada (BoC) to Keep Rates on Hold Following Two Consecutive Hikes. – Will Governor Poloz & Co. Implement Higher Borrowing-Costs in 2018? Trading the News: Bank of Canada Interest Rate Decision The Bank of Canada (BoC) interest rate decision may spark a limited market reaction as Governor Stephen Poloz and Co. are widely anticipated to keep […]
