Category Archive: Finance
Weekly Gasoline Price Update: WTIC Down 2.2%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are up four cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.03 and San Francisco, CA is the most expensive city, averaging $3.16. South […]
Gold, VIX, Bitcoin Surge; Stocks, USDJPY Tumble After North Korean Missile Launch
Dow futures are down over 120 points (and Nikkei 225 down over 200 points) at the reopen following North Korea’s ‘successful’ firing of a ballistic missile across Japan. Gold futures spiked to $1325 as USDJPY plunged. The USDJPY is tumbling on the news. Breaking below 108.50, a break of April’s 108.12 may require more than a […]
Global Equities: Profit Margin Trends
As global equity markets have moved higher and higher since what was arguably the start of a new bull market in 2016, a number of concerns have surfaced, such as higher valuations, dependence on monetary policy, and a range of other worries like geopolitics. But a key development has been the rebound in fundamentals, which […]
Chinese Yuan ETF (CYB) Hits A New 52-Week High
Investors seeking momentum may have WisdomTree Chinese Yuan Strategy Fund (CYB – Free Report) on radar now. The fund recently hit a new 52-week high. Shares of CYB are up approximately 10.79% from a 52-week low of $22.89/share. But could there be more gains ahead for this ETF? Let’s take a look at the fund and the […]
Traders Quietly Buying Risk Off Assets
In a quiet trading session traders buy up risk off assets. In tonight’s video market update let’s look at the specific assets traders are buying. Plus watch this video to find out what expect for the rest of the week and what price to watch in one key sector to determine the overall market’s next […]
USDJPY Dives With S&P ETF As North Korea Fires Missile Over Japan
Ok, there’s some potentially destabilizing s*&* going down. Specifically, it looks like Kim might have launched a missile from Pyongyang that ultimately flew over Hokkaido. BREAKING: Yonhap agency says South Korean military confirms North Korean ballistic missile flew over Japan. — The Associated Press (@AP) August 28, 2017 That’s obviously something nobody wants to hear and worse, […]
Currency Risk That Isn’t About Exchange Values (Eurodollar University)
This week the Bureau of Economic Analysis will release updated estimates for Q2 GDP as well as Personal Consumption Expenditures (PCE) and Personal Incomes for July. Accompanying those latter two accounts is the currently preferred inflation standard for the US economy. The PCE Deflator finally hit 2% and in two consecutive months, after revisions, earlier […]
Oil Tumbles Amid Speculation Up To 30% Of US Refining Capacity Could Be Shut
WTI tumbles below $47 as negative sentiment about excess crude supply in light of extended refiners shutdowns grows, and Wall Street piles on with more detailed estimates about Harvey’s impact on US oil and refinery production. As oil slides, crack spreads have stabilized near the highs of the session, on concerns about gasoline availability, with […]
World Markets Update – Aug. 28
All eight indexes on our world watch list have posted gains for 2017 through August 28. The top performer thus far is Hong Kong’s Hang Seng with a gain of 26.65%, followed closely by India’s BSE SENSEX at 19.25%. In third is our own S&P 500 with 9.17%. The Last Four Weeks The tables below […]
