Category Archive: Finance
DXY Elliott Wave View: More Downside
Short term DXY (USD Index) Elliott Wave view suggests the decline from the 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, a decline to 95.47 ended Minor wave A, and a bounce to 96.51 high ended Minor wave B. Wave C is unfolding as an Elliott wave Impulse structure with extension where Minute […]
Dollar Dumped On Doubts On US Economic Agenda
News of the defection of two more Republican Senators doomed the Senate attempt to replace and repeal America’s national health care. The failure to replace the system dubbed Obamacare, despite the Republican majority in both legislative chambers and the executive branch raises questions about the broader strategy of the Administration and raises serious questions about the rest of its legislative […]
UK Inflation Slips To 2.6% – GBP Plunges – Carney Could Flip Again
Price rises are taking a break in the UK. Maybe the recent hawkishness of the BOE could be unwound. Headline inflation slows down to 2.6% y/y, significantly lower than expected. Month over month, it is flat against 0.2% predicted. GBP/USD falls all the way to 1.3020. From the highs of the day, this is a fall of […]
Earnings All Stars With Perfect Charts
Video length: 00:03:26 Only about 250 companies are reporting this week, but many of the biggest names on The Street are among them including technology giants, big health insurers and one element of FANG. It’s not easy beating earnings every quarter for years. It takes a mastery of both the business and of Wall Street. […]
EC Inflation As Far As The Eye Can See
Many investors pigeon-hole themselves as “inflationists” or “deflationists”, where an inflationist is someone who expects more inflation over the years ahead and a deflationist is someone who expects deflation. I am grudgingly in the inflation camp, because the overall case for more inflation is strong. I use the word “grudgingly” in the above sentence for […]
Brexit Wary Traders Push Pound Lower
The Pound Sterling came under pressure against the US Dollar as cautious traders exert their influence ahead of the Brexit negotiations. Only last week, the GBP/USD hit a 10-month peak after a dollar sell-off, with the Pound jumping nearly 2 cents last Friday, in the wake of disappointing data from the US. Softer than expected […]
Sensex Sheds 300 Points; Cigarette Stocks Plunge
Indian share markets continued to witness selling pressure during the noon session. Losses are largely seen in FMCG stocks, oil & gas stocks and power stocks. While metal stocks and software stocks traded in green. The BSE Sensex is trading lower by 297 points and the NSE Nifty is trading lower by 70 points. Meanwhile, the BSE Mid Cap index is down by 0.2% & the BSE Small Cap index is […]
“Retail Is The Titanic”: This Is The Biggest Threat From The Coming Amazon Monopoly
In the latest in-depth overview of the troubles facing the US retail sector, which also serves as a recap of several previous articles posted on Zero Hedge, the FT’s Robin Wigglesworth asks “Will the death of US retail be the next big short”, something covered here back in March in “Why Some Think This Is […]
Can EUR/USD Reach 1.1620 After The Break?
EUR/USD took advantage of the dollar’s weakness to make a move to the upside. What’s next? A lot depends on the ECB. Here is their view, courtesy of eFXnews: EUR/USD: Mess About In Range Before Pushing Towards 1.1620 Tech Target – SocGen Societe Generale FX Strategy Research notes that the question this week is whether a […]
Should You Avoid IBM ETFs In Q2 Earnings?
International Business Machines (IBM – Free Report) is scheduled to report second-quarter 2017 results on July 18 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results. IBM has bucked the trend of a broad technology surge this year, having shed 7.3% so far and lagging […]
