Category Archive: Finance
Aussie Dips After Economic Data Released
The Australian dollar was down 0.27 percent by midday on Wednesday trading at 0.7518 after economic data was released earlier in the trading session. Australian consumer price inflation scarcely topped 2 percent in Q1 for the first time since 2017, creating indicators that the danger of deflation may be passing. The Reserve Bank of Australia’s […]
USDCAD Elliott Wave View: More Upside
Short term Elliott Wave view in USDCAD suggests the decline to 1.322 ended Intermediate wave (X). Revised view suggests that the rally from there is unfolding as a double three Elliott Wave structure where Minute wave ((w)) ended at 1.3525 and Minute wave ((x)) ended at 1.3406. Minute wave ((w)) is subdivided as a Flat Elliott wave structure where Minute wave (a) […]
E GBPUSD Taking-Off
Cable is making a strong rise away from 1.2364, clearly in an impulsive fashion which can see an extension up to 1.3140 area for wave C. That said, recent slow price activity was sub-wave 4), which may have already found a base and current intra-day rally may be the start of sub-wave 5) of three. […]
Stocks Going Ex Dividend The First Week Of May
Here is our latest update on the stock trading technique called ‘Buying Dividends,’ also commonly referred to as ‘Dividend Capture.’ This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only […]
EUR: Dip Buying Is The Way To Go – Two Opinions
The euro is on a roll following the French elections and hopes for a more upbeat ECB tomorrow. What does this mean? Here are two banks suggesting buying dips in EUR/USD and EUR/JPY: Here is their view, courtesy of eFXnews: EUR: Investors Shifting To A Buy-The-Dip Strategy: Levels & Targets – ING ING FX Strategy Research […]
Why CSI Compressco LP’s 50% Distribution Cut Didn’t Have To Be A Surprise
CSI Compressco LP (CCLP) surprised many income investors last week when it announced a 50% cut to its distribution, sending its stock price tumbling by nearly 20%. The company has been in business for more than 45 years and paid steady dividends until 2016, adding to the surprise and disappointment. However, CSI Compressco was sending off a number […]
U.S. Steel Plunges 19% On Q1 Earnings, Revenue Miss
United States Steel Corp. (X – Free Report) released its first quarter fiscal 2017 financial results, posting earnings of a loss of 83 cents per share and revenues of $2.73. billion. Currently, X is a Zacks Rank #1 (Strong Buy), and is down 19.45% to $25.06 per share in trading shortly after its earnings report was released. […]
Sensex Crosses 30,000-Mark; Wipro Gains 3.3% On Q4 Results
Asian equity markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.34%, while the Hang Seng is up 0.61%. The Nikkei 225 is trading higher by 0.79%. US equities rose sharply on Tuesday as solid quarterly reports from several large-cap companies rolled through. Meanwhile, share markets in India have opened the day on a […]
Mish Monthly Macro Video April 2017
Once a month I get together with Gordon Long for a videocast of the month’s hot news topics. This month we discussed the French election, Target2, and European politics. Video Length – 00:17:09
The Housing Bubble Is Back
Last week I ran into a friend whom I’d been worrying about. He’s a real estate appraiser and his work had been drying up as interest rates rose and homeowners stopped refinancing their mortgages. But now he’s back to being happily swamped because instead of refinancing, everyone is buying — often, he says, for above the asking […]
