Category Archive: Finance
The Fear Of Asset Bubbles In FX Markets
Mean reversion is “a concept of normality,” where extreme events can cause an asset to diverge from its long-term averages. For Deutsche Bank Foreign Exchange Macro Strategist Sebastien Galy, the theory of mean reversion works, so long as the underlying economic principles that exert the law of gravity on currency prices don’t change. Looking at currency markets, however, Galy […]
The Top 5 Food And Beverage Dividend Stocks Today
The food and beverage industry enjoys several qualities that make it a good source of dividend growth stocks. First, is the simple reality that everyone has to eat and drink. The strongest food and beverage companies capitalize on this, through steady demand and pricing power. Their incredible stability lets them pay dividends, and increase their […]
Financials Struggling To Find Its Footing Still, Energy Is In A Bear Flag Pattern
My Swing Trading Approach Neutral portfolio – I’ll go the direction the market decides to take today. Indicators VIX – Solid bounce today, but needs to break above the monthly highs to wrestle control from the sellers. T2108 (% of stocks trading below their 40-day moving average) – Breadth was poor yesterday for the bears and it […]
Another Week Of Sub 250K Jobless Claims
It used to be that a weekly reading for initial jobless claims that came in below 300K was a big deal. Nowadays, sub-300K readings don’t even raise an eyebrow as the new 300K is 250K. In this week’s report, first-time jobless claims came in at 234K compared to estimates of 238K. Not only is that […]
USD/CHF: Loses Upside Steam With Further Downside Threats
USD/CHF: With the pair continuing to hold on to its downside pressure despite its consolidation threats, more decline is envisaged. On the downside, support lies at the 0.9600 level. A turn below here will open the door for more weakness towards the 0.9550 level and then the 0.9500 level. Its daily RSI is bearish and […]
Back Toward The Underbelly
Well, my hope that prices would swan-dive away from the broken trendline is denied – or at least delayed – as equity prices clamor back toward the underbelly of the broken trendline. We see that here with the S&P 500 e-mini futures… …as well as the Nasdaq… There’s no particular news driving this (and, to […]
Dollar, Euro Show Stability Ahead Of Draghi, Yellen At Jackson Hole
A sense of calm remains across global markets (exception being the cryptocurrency that goes by the name of ‘Ripple’), as today marks the start of the Jackson Hole Economic Symposium. Tomorrow is when matters really get interesting, as we’re going to hear from both Fed Chair Janet Yellen and ECB President Mario Draghi. While the theme […]
GBP/USD Weekly L3 And D H4 Confluence In Downtrend
The GBP/USD broke below 1.2020, the weekly L3 level, thus turning the support into a resistance. The pair started to retrace towards the POC zone 1.2830-50 (Order block, ATR high, trend line, D H5, EMA89). The price could reject there towards the 1.2880 and 1.2770. Only a break below 1.2768 could spur additional weakness in […]
J.M. Smucker Downgraded On Challenged Coffee, Pet Food Outlook At JPMorgan
JPMorgan analyst Ken Goldman downgraded J.M. Smucker to Neutral from Overweight after the company’s Q1 earnings report and guidance cut, stating that it is becoming “increasingly clear” that the company’s position within the categories of coffee and pet food is “highly challenged.” While the company lowered guidance, he does not think it cut its forecast […]
Weekly Unemployment Claims: Up 2K, Still Beats Forecast
Here is the opening statement from the Department of Labor: In the week ending August 19, the advance figure for seasonally adjusted initial claims was 234,000, an increase of 2,000 from the previous week’s unrevised level of 232,000. The 4-week moving average was 237,750, a decrease of 2,750 from the previous week’s unrevised average of […]
