Category Archive: Finance
Sleepy Overnight Session Interrupted By Chinese Market Turmoil
Another new week, another day with not much going on. So much, or rather little so, that in its daily wrap Citi starts off with the following: “Pop Art pioneer Andy Warhol, who once said “I like boring things”, would have been a huge fan of today’s session thus far. Though several events of note linger […]
Patriot Transportation Is A Forgotten Undervalued Spin-Off
Patriot Transportation (PATI) is a top tier regional tank truck hauler servicing the southeastern United States. FRP Holdings spun-off Patriot Transportation during January 2015 and began trading under the symbol PATI. However, they began as a premier bulk tank carrier in 1962 under the name Florida Rock and Tank Lines. Florida Rock and Tank Lines continues its growth as […]
Bullet Report: Top 5 Things Happening In The Market Today – Monday, July 17
Top 5 Things to Know Before You Start Trading This Monday the market is still reeling from last week’s data and events while we await central bank releases. 1 – Friday’s US Data Disappoints Last Friday, the U.S. Consumer Price Indes (CPI) and Retail Sales were worse than expected, diminishing speculation of Fed Rate Hike in the near […]
US Dollar Tries To Recover After Plunge Against Top Currencies
The US Dollar traded broadly higher to start the week. The move appeared to be corrective following Friday’s sharp selloff amid cooling Fed rate speculation in the wake of another round of disappointing economic data. The yield-sensitive Australian and New Zealand Dollars suffered outsized losses, tellingly dropping as US front-end rates edged up after touching a monthly low in […]
Sensex Remains Positive; Cigarette Stocks Decline
After opening the day on a positive note, the share markets in India continue to trade above the dotted line. Barring FMCG stocks, PSU stocks and capital goods stocks, all sectoral indices are trading in green, with stocks in the information technology sector & metal sector leading the gains. The BSE Sensex is trading higher by 57 points (up 0.2%) while the NSE Nifty is trading higher by 20 […]
A Bearish Citi Warns “Bigger Forces Are At Play”, Pointing To Its ‘Chart Of The Week’
Over the next three weeks, the investing world will shift its attention away from the endless chatter of central bankers and concerns about the state of the economy, and instead focus on second quarter earning season, which launched on Friday with results from the three biggest US banks which showed that chronically low volatility is […]
The Fed Shifts The Future Focus For The S&P 500 In Week 3 Of July 2017
In the third week of July 2017, Fed Chair Janet Yellen may very well have single-handedly reversed the momentum for short term interest rate hikes at the U.S. Federal Reserve. Writing at Real Investment Advice, Lance Roberts had perhaps the best summary of what happened when the Fed’s Yellen testified before the U.S. Congress on Tuesday, 11 […]
Bitcoin Is Facing Key Support At 1737
BTCUSD recently broke below the bottom support trend line of the triangle pattern on its 4-hour chart and the ascending trend line on the daily chart, and is now facing the key support at the May 27 low of 1737. BTCUSD Daily Chart As long as the Bitcoin price is above 1737 level, the price […]
Forex Week In Review – Monday, July 17
Last week was a positive affair for the world’s major markets with all indexes making gains. In Europe over the course of the week, the FTSE was up on last week’s close by 0.37% at 7378.4; the DAX ended at 12632, up by 2% on last week’s close; the CAC was up by 1.8% to […]
Emerging Markets: Preview Of The Week Ahead – Monday, July 17
Written by my colleague Dr. Win Thin EM FX ended the week on a firm note, helped by softer than expected US data. Indeed, EM FX was up across the board for the entire week and was led by BRL, MXN, and ZAR. The ECB meeting this week will draw some interest, especially after the […]
