Category Archive: Finance
ETH/JPY Edges Higher As Mark Cuban Launches Ethereum-Based Mercury Protocol
Ethereum opened today’s Asian market with a bullish sentiment on the news that entrepreneur Mark Cuban’s team has launched an Ethereum-based mercury protocol. Based on the white paper released by the protocol’s developers, Mercury Protocol is designed as an alternative to centralized communication platforms that aims to ensure the privacy of its users. By using the […]
“Pray For A Bear Market”: One Bank’s “Paradoxical” Advice To Active Managers
Back in April, we showed that according to a Goldman Sachs report, the current run of chronic active manager underperformance began shortly after the launch of QE in 2009. As discussed earlier today by Matt King in his report on “one-way” markets resulting from QE and ETFs, this period has been marked by “stubbornly low volatility and dispersion”, something Goldman […]
USDJPY Daily Analysis – August 28, 2017
USDJPY continued its sideways movement in a narrow range between 108.60 and 109.84. Near term support is at 108.60, a breakdown below this level could take price to test 108.13 (Apr 17 low) key support. Resistance is at 109.84, above this level could take price to 110.60 area.
How To Protect Your Money After A Tough Earnings Season
The second quarter earnings reporting season has proved to be a difficult one for stocks. The earnings reports themselves have been strong. According to FactSet, S&P 500 companies have grown their second quarter earnings 10.2% year-over-year. This marks the best earnings growth since the 11.6% rate recorded in the fourth quarter of 2011. Yet, second quarter […]
Sunday Trio Of Short Ideas
Here are three ideas I’m short (out of my 48 positions) that I found of special interest. First up is Acadia Pharmaceuticals, which is sporting a well-formed diamond pattern. If broken, this becomes a powerful reversal pattern. Next is Advanced Micro Devices. Semiconductors had an incredible run until a few months ago, and they’re all starting to […]
S&P 500, DAX & FTSE 100 On Soft Footing
Talking Points: S&P 500 remains in limbo; highlight event of the week will be NFPs DAX continues to coil, in danger of trading lower soon; Employment, CPI data FTSE 100 light week on the economic calendar, to follow risk trends; keep an eye on 7300 Fundamental Forecast for equity indices: Bearish S&P 500 The big event to end last week […]
Trump’s Labor Day
This will be the first Labor Day of the presidency of Donald J. Trump, who came to office riding a wave of anti-establishment anger from average working people. No one can say they didn’t see it coming. By the time Trump was elected, the typical American household had a net worth 14 percent lower than […]
Gasoline Spikes To 7-Month Highs After Harvey; Heating Oil, Crude Jump
The entire energy futures complex is notably higher at the open with RBOB Gasoline spiking over 5% to its highest since January amid the carnage of Hurricane Harvey. Bloomberg reports that Harvey, the strongest storm to hit the U.S. since 2004, made landfall as a Category 4 hurricane Friday, with torrential rain flooding cities from Corpus Christi to Houston and […]
CAD Running Out Of Steam, Bears May Prevail
Talking Points: USD/CAD nears a critical chart point. Further interest rate hikes are expected as the Canadian housing market continues to boom. Retail sales disappoint but inflation is expected to tick higher. Fundamental Forecast for NZD: Neutral We remain neutral on the Canadian dollar for the time being but may look to short the Loonie against the USD if […]
