Category Archive: Finance
USD/CNH Is Facing 6.7210 Support
The USD/CNH pair failed to settle above 6.8450 resistance and pulled back to 6.7400 area, facing the previous low support at 6.7210. As mentioned before, the pullback would possibly be correction of the uptrend from 6.7210. On the downside The pair stays below a descending trend line on its 4-hour chart, with resistance at around […]
“Shrinkflation” – How Food Companies Implement Massive Price Hikes Without You Ever Noticing
Do you ever get the sense that your favorite steak at that Quick Service Restaurant of your choice keeps getting thinner and thinner all while your check size at the end of the night continues getting larger and large? Well, it is. How else are publicly traded chains going to continue to deliver margin growth […]
From Eurodoom To Euroboom
A couple of interesting data points on Europe have surfaced over the past couple of weeks which are worth highlighting. The first is the “Europhoria” exhibited in the economic sentiment readings. Across a range of economic sentiment indicators, the Eurozone economy is looking the best its been in years. Of course you need to see […]
Biotech ETF Industry Outlook For Second Half 2017
Biotech stocks have had a strong run so far in 2017 with the Nasdaq Biotechnology Index soaring 19.4% year-to-date (YTD). This is in sharp contrast to last year’s performance when the Index was down 19.1%. There were several reasons for the sector’s dismal performance last year foremost being the drug pricing controversy. Apart from drug […]
Sensex Trades Flat; Capital Goods & Pharma Stocks Witness Selling Pressure
After touching record highs in the morning trade, Indian markets witnessed some selling momentum to trade flat. Losses are largely seen in capital goods stocks and pharma stocks. The BSE Sensex is trading lower by 17 points and the NSE Nifty is trading lower by 5 points. The BSE Mid Cap index is trading up by 0.4% while the BSE Small Cap index is trading flat. […]
Goldman Exits ETF Market Making, Leaves You In Capable Hands Of “Lesser-Known” Firms
Ok, well this is notable. Goldman is getting out of ETF market making. I don’t want to try and spin this too much, because depending on which side of the argument you’re on, you can interpret this story any number of ways. But the facts are as follows from Reuters: Goldman is pulling back substantially from […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, July 25
S&P 500 The S&P 500 initially fell during the session on Monday, but turned around to form a bullish candle. By forming a hammer, it suggests that we are going to continue to see bullish momentum in this market, and as we are in the middle of the largest week of earnings season, it’s likely […]
Will The Euro Continue To Ignore Soft Data? German IFO On Tap
Germany’s IFO business confidence survey headlines the economic calendar in European trading hours. Sentiment is expected to have soured in July after the headline Business Climate index climbed to the highest level in nearly three decades in the prior month. An outcome echoing recently disappointing regional news-flow might have weighed on the Euro, but it has proven resilient […]
Big Miss For Philadelphia’s Beverage Tax
In June 2017, sales of naturally and artificially-sweetened beverages in Philadelphia subject to the city’s plummeted to be more than 40% below their estimated pre-tax quantities. That wasn’t what Philadelphia’s political leaders were expecting to happen, where the following chart shows how many millions of ounces of sweetened beverages were estimated to have been sold in Philadelphia […]
Facts About Carbon Emissions From Oil, Natural Gas, And Coal
The BP Statistical Review of World Energy is a useful annual volume that compiles tables and charts about about energy production and consumption. The latest version, released June 2017, includes a table at the end on recent and current carbon emissions from oil, natural gas, and coal. As a footnote under the table emphasizes, this does not […]
