Category Archive: Finance
FX COT Update: EUR Bulls Build Bigger Bets
This data references the period ending Tuesday, July 18th EUR/USD Non-Commercials increased their net long positions in the Euro last week buying a further 7.5k contracts to take the total position to 91k contracts. The Euro has been steadily bought over the last month as markets continue to shift their perspective in […]
V.F. Corp Up On Q2 Earnings & Sales Beat, View Raised
V.F. Corporation (VFC – Free Report) released second-quarter 2017 results, wherein both top and bottom lines exceeded our estimates and sales also grew year over year. Notably, sales marked its first positive surprise after posting four straight misses. The solid first-half results also encouraged management to raise its outlook for full-year 2017. The splendid quarter was well-received by […]
US Existing Home Sales Slide To 5.52 Million
Sales of existing homes came out slightly below expectations, 5.52 million against 5.58 million predicted. This is a drop of 1.8%. House prices are rising. The median price is up 6.5% y/y and the average price is up 4.9%. The US dollar is marginally lower in the aftermath of the announcement. The general trend remains […]
Billion Dollar Unicorns: Sales AI Startup Afiniti Considering IPO
With leading tech giants like Alphabet, Apple, and Amazon focusing more on artificial intelligence (AI), the sector is attracting much funding. According to CB Insights, over 550 startups using AI as a core part of their products raised $5B in funding in 2016. Afiniti is one such startup that has become a Billion Dollar Unicorn. Afiniti’s Journey […]
The End Of A Long Streak For The Nasdaq
I’m not a big fan of streaks when it comes to stocks I mean it is nice while it lasts, but like any financial instrument that is rallying, eventually there needs to be a pullback and on Friday you got one with a whopping 0.04% pullback on the Nasdaq. How amazing, right? That is the stock market […]
A Bull Market Until Proven Otherwise
Good Monday morning and welcome back to the land of blinking screens. Global growth, the Trump/Russia situation, oil, the upcoming Fed meeting, and the greenback are in focus to start the week. On the growth front, the euro area Markit PMI fell to 55.8 in July, which is the weakest reading in six months. Next […]
Blue Chip Stocks In Focus: Toronto-Dominion Bank
‘Blue chip stocks’ received their name because, in the game of poker, the blue chips have historically had the highest value. Despite the association with poker, blue chip stocks are for those not looking to gamble on unproven businesses. In the stock market, blue chip stocks are valued for their low volatility, stable performance profile, and lower […]
Euro Moves Higher As Draghi Paves The Way For Stimulus Reduction
The euro currency moved to a new 2017 price high against the U.S. dollar, as European Central Bank (ECB) President Mario Draghi delivered an upbeat assessment of the Eurozone economy, following the central bank’s decision to leave monetary policy on hold at the July meeting of its governing council. For the time being the ECB’s […]
USD/JPY: Bearish, Retains Its Downside Pressure
USD/JPY: The pair continues to hold on to its downside pressure closing lower the past week. On the downside, support comes in at the 110.50 level where a break if seen will aim at the 110.00 level. A cut through here will turn focus to the 109.50 level and possibly lower towards the 109.00 level. […]
