Category Archive: Finance
Dollar Treads Water As 10-year Yield Knocks On 2.40%
The US dollar is narrowly mixed in mostly uneventful turnover in the foreign exchange market. There is a palpable sense of anticipation. Anticipation for the ECB meeting on Thursday, which is expected to see a six or nine-month extension of asset purchases at a pace half of the current 60 bln a month. Anticipation of the new Fed Chair, […]
US Business Cycle Risk Report | 24 October 2017
US economic activity has slowed recently, but the downshift still leaves the economic trend humming at a respectable pace, based on a broad set of indicators published to date. Blowback from the recent hurricanes continue to weigh on the numbers, according to analysts. “Hurricanes Harvey and Irma have distorted many of the economic data releases, […]
USD/JPY Daily Analysis – Tuesday, October 24
USD/JPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 111.65. As long as the price is above the trend line, the fall from 114.09 could be treated as consolidation of the uptrend. A further rise towards 114.50 is still possible after the consolidation. The rising trend line […]
Fed-Proof Bond Bet?
The yield curve is the flattest since 2007. Nonetheless, traders think it will get flatter. The bond bet du jour is the next Fed chair will keep hiking but not as much as the Fed thinks. Bloomberg calls this setup a “Fed-Proof” Bond Bet. Whether President Donald Trump nominates Fed Board Governor Jerome Powell, Stanford University […]
Indian Indices Trade Marginally Higher; Realty Stocks Witness Buying – Tuesday, Oct. 24
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the power sector and realty sector witnessing maximum buying interest. The BSE Sensex is trading up 101 points (up 0.3%) and the NSE Nifty is trading up 36 points (up 0.4%). The BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index is […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Oct. 24
WTI Crude Oil The WTI Crude Oil market was volatile on Monday, as we continue to find resistance just above the $52 handle. I think that there is a significant amount of resistance at the $53 level to well. If we can break above there, the market should then go to the $55 level next, […]
3 Key Estimates For Google’s Q3 Earnings Report
Shares of Alphabet Inc. (GOOGL – Free Report) were down more than 1.5% in early afternoon trading Monday, just days before the Google parent is scheduled to release its Q3 earnings report. Right now, Alphabet seems to be dealing with hardware concerns related to its new Pixel 2 phones, but investors should certainly still expect the company’s […]
Bitcoin Vs. Netflix: How Would You Decide?
As I write, Bitcoin has a market capitalization of $90 billion. Netflix (NFLX) has a market capitalization of $86 billion. So the market, in effect, is saying that these two assets are worth virtually the same. But can this possibly be true? I asked my analysts which asset they’d prefer to own… The entertainment dynamo […]
Top 5 Things To Know In The Market Today – Tuesday, October 24th
1. Yesterday, the USD gained a bit against the euro, but USD/JPY failed to hold above 114. Investors are cautious to place bets in EUR/USD and USD/JPY as there is plenty of event risk in EU (ECB, Catalonia) and the US (replacement of Yellen, tax reform). 2. The euro added 0.1 percent to $1.1762, though […]
Recent IPOs Sink On Lockup Expirations
Overview: A profitable IPO trading strategy One of our most profitable IPO trading strategies – the one that we have been highlighting on our premium service in recent months – is shorting recent IPOs that meet certain criteria in the two weeks prior to their IPO lockup expirations. Why? Readers who regularly follow these recommendations are likely […]
