Category Archive: Finance
How Incyte Stock Became A Bull Market Star For Biotech Investors
Despite many twists and turns, the U.S. stock market has had a stupendous run since it reached a bottom in Mar 2009. The bull run has continued for eight years with the S&P 500 gaining 198.1% during this period. While several stocks performed well during this period, Incyte Corporation (INCY – Free Report) tops the list — this bull […]
Hibbett Sports, Inc. Posts Mixed Q4 Earnings Results & Offers An In-Line Outlook For The Current Year
Hibbett Sports, Inc. (Nasdaq: HIBB) early Friday posted [Mar 10, 2017 | 6:37am] mixed fourth quarter earnings results and offered an in-line outlook for the current year, as sales at established stores decline and margins fall. Written by StockNews.com The Birmingham, AL-based regional sporting goods retailer reported Q4 earnings per share (EPS) of $0.54, which […]
NFP Cements Rate Hike With 235k, Wages Up 2.8% M/m – USD Sells The Fact
NFP beats expectations with 235K and January revised higher to 238K. The unemployment rate drops to 4.7%. Wages are up 0.2% m/m, slightly below predictions but the previous month was revised up. The “real unemployment rate” falls to 9.2%. All in all, a solid report. The dollar is sliding across the board. It seems like […]
US Jobs Numbers Come In High Enough To Prompt Fed Rate Hike
The BLS released the latest employment numbers for the US, the last piece of major economic data before the Fed meets next week to decide on whether to raise interest rates. The numbers were good enough. Payrolls were up 235,000, when 190,000 were expected. The unemployment rate fell to 4.7%. Average hourly earnings are now […]
E Australia Still Has A Few Cards To Play In Asia-Pacific’s Growing E-Commerce Market
Asia is the world’s largest continent both in terms of land mass and population. Now, if you add Oceania in there to galvanize the entire Asia-Pacific trading zone, you will get what researchers of the e-commerce industry have termed as the world’s largest online retail market. In 2015, the Asia-Pacific e-commerce market oversaw more than […]
Forex Forecast For EURUSD, GBPUSD, USDCAD, USDJPY – Friday, March 10
Forecast for the EUR/USD currency pair Technical indicators of the currency pair: Prev Opening: 1.05404 Opening: 1.05757 Chg. % Last day: +0.34 Day range: 1.05721 – 1.06029 52-week range: 1.0366 – 1.1616 Yesterday, the ECB kept its monetary policy at the same level. The regulator raised the forecast for the growth of the EU economy […]
Now The Fun Begins – SNAP Options Start Trading Today
With practically all but the IPO-allocated insiders still under-water, Snap shareholders will be anxiously awaiting today’s unleashing of options of the money-burning, user-shrinking ‘camera’ company. Not been a fun ride so far… But it’s about to get even more exciting, as Reuters reports, weekly and monthly options contracts on Snap’s shares are expected to start trading on Friday, CBOE said last […]
E Market Briefing For Friday, March 10
Swelling crude oil inventories certainly contribute to the majority of fears about economic slowing and of course the XOI’s influence on the market big caps. But it’s not that simple. First on Oil; it’s been rising supply rather than slackening demand, that contributes to that aspect. Even the Saudi’s in a clear-cut comment yesterday (that […]
WTI Crude Oil And Natural Gas Forecast – Friday, March 10
WTI Crude Oil The oil markets continue to struggle during the Thursday session, as the short-term rally that opened the day turned around and we broke well below the $50 level. This is a psychological win for the sellers, and thus I believe we are going to continue going lower. Anybody who’s been listening to […]
Preview For NFPs And Trade Setups For DXY, EUR/USD, & USD/JPY
Video length: 00:07:56 The key issue surrounding today’s February US Nonfarm Payrolls report is whether or not the US labor market will give further indication that it is strong enough to justify three rate hikes during the rest of 2017. With Fed funds futures contracts already pricing in a 100% chance of a rate […]
