Category Archive: Finance
USD/CAD, EUR/USD In The Spotlight Ahead Of ECB, BoC
Next week brings the highly-awaited rate decision from the European Central Bank in which markets may finally hear what the ECB plans to do with their stimulus program beyond the current December expiration. This has been a brewing theme for much of the year: At the ECB meeting in April, just after the first round of […]
Procter & Gamble (PG) Tops Q1 Earnings & Revenues
The Procter & Gamble Company (PG – Free Report) enjoys strong brand recognition with its consumer products sold in more than 180 countries primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high frequency stores and pharmacies. However, PG’s sales performance has been sluggish over the past […]
How Stable Is Bitcoin’s Current Price Growth?
There have been some very interesting developments on the crypto market as of late. On the 15th of October, bitcoin’s price rose to 5,950 USD on the Bitfinex exchange, which brought the currency’s market cap up to just shy of 100bn USD (according to coinmarketcap). This marks a new all-time high for bitcoin and is 24% […]
Commodities Weekly Wrap-Up – Friday, Oct. 20
A recap of the week in precious metals and a discussion about some of the recent news out of the Australian mining sector. Audio Length: 00:12:20
Catalonia’s Suspended Autonomy And Gold
Spain’s central government said that it would suspend Catalonia’s autonomy on Saturday. What does it imply for the gold market? As we informed on Tuesday, Madrid set Thursday morning as the ultimate deadline for Catalonia to declare independence or its willingness to remain a part of Spain. But Catalan president Carles Puigdemont ignored the deadline and […]
Ebay Needs To Shape Up
According to a BI Intelligence, US consumers spent $385 billion online in 2016 and are expected to spend $632 billion online in 2020. The number of online shoppers in the US grew by nearly 20 million in 2016 to 224 million shoppers. Photo Credit: Mike Knell/Flickr.com eBay’s Financials eBay’s (Nasdaq: EBAY) Q3 revenues grew 9% over the year […]
Skechers Inc. Shares Run Up In After-Hours On Yesterday’s Earnings
Skechers (SKX), the second-largest athletic footwear manufacturer in the United States reported their third-quarter earnings on Thursday October 19th 2017 after the market closed. Not only did they beat on the bottom line but they beat on the top line and they beat handily. Shares reacted swiftly and traded on heavy volume in the after […]
Spain Threatens To Take Back Control Of Catalonia In Response To Independence Bid
Following the Catalonian independence referendum earlier in the month which saw 90% of voters voting in favor of independence, the leader of the Catalan government Charles Puigdemont has said that he is ready to declare unilateral independence if Spain does not agree to formal talks on the matter. Puigdemont announced, just ahead of a deadline for […]
Chart Of The Day: No Easy Entries Into A Vertical Market
Vertical markets don’t give traders many chances to enter. Yesterday’s brief drop lower probably made all traders to get into the daily cycle low. We got in early, weeks ago, and we’re just holding our positions. In the meantime we’ve been racking up the gains by sitting tight. Our brokers hate us.
AUDUSD Daily Analysis – Friday, Oct. 20
AUDUSD stays above a rising trend line on the 4-hour chart and remains in the uptrend from 0.7732. As long as the price is above the trend line, the upside movement could be expected to continue and further rise towards 0.7986 is still possible after the consolidation. Near-term resistance is at 0.7897, a breakout of […]
