Category Archive: Finance, No picture
EUR/USD Drops Below 1.1600 As ECB, Chart Support Loom Ahead
EUR/USD BACK-BELOW 1.1600 AS PRICES BUILD INTO DESCENDING TRIANGLE It’s been a pensive past couple of weeks for EUR/USD. After opening August by selling-off down to fresh lows, driven by fears around European banks’ exposure to Turkey, EUR/USD caught support mid-month and then spent the next two weeks erasing a large portion of those losses. […]
NFIB Small Business Survey: “Small Business Optimism Shatters Record Previously Set 35 Years Ago”
The latest issue of the NFIB Small Business Economic Trends came out this morning. The headline number for August came in at 108.8, up 0.9 from the previous month and its highest of all time. The index is at the 100th percentile in this series. Today’s number came in above the Investing.com forecast of 108.2. Here is an excerpt […]
Hurricane Florence
There has never been a storm quite like this. If Hurricane Florence makes landfall in North Carolina or Virginia, as a Category 4 storm, it will be the first storm of such a strong magnitude to hit so far north. If it impacts, damage will be major, and we pray that there are no fatalities. […]
Is There Any Gold In Jackson Hole?
No, we are not in Wyoming. But we have carefully followed the Fed’s key conference in Jackson Hole. What does the recent central bankers’ meeting in Wyoming imply for the gold market? Why Powell Was Dovish in Jackson Hole The Fed’s annual Jackson Hole Symposium, entitled this year “Changing Market Structure and Implications for Monetary […]
Buy These 3 Franklin Templeton Funds For Striking Gains
With around $737.5 billion assets under management as of Mar 31, 2018, Franklin Templeton Investments is a well-known global investment management firm. The company offers investment management strategies and integrated risk-management solutions to individuals, institutions, pension plans, trusts, and partnerships. Founded in 1947, Franklin Templeton Investments prides itself in offering “exceptional asset management” to its […]
E Markets: Uneven
Driving requires a good road and a good operator. Trading requires a good market and balanced risk-takers. There is an interesting divergence in moods for business and consumers around the world. The compare and contrast clearly helps to explain why the USD, US rates and US stock market has a different momentum and trajectory for […]
Tesla Downgraded To Neutral From Buy At Nomura Instinet
Nomura Instinet analyst Romit Shah downgraded Tesla (TSLA) to Neutral from Buy and cut his price target for the shares to $300 from $400. The electric carmaker closed yesterday up $22.26, or 8.5%, to $285.50. In a research note titled “No Longer Investable,” Shah expresses concern that the “erratic behavior” of CEO Elon Musk will […]
Morning Call For Tuesday, Sept. 11
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.31%) this morning are down -0.20% and European stocks are down -0.37% on global trade concerns after Reuters reported that China asked the World Trade Organization (WTO) for authorization to impose trade sanctions on the U.S. Losses in European stocks were contained after the German ZEW economic confidence […]
Emerging Market Currencies Falling: These ETFs Are Still Hot
The MSCI Emerging Markets Currency Index — a basket of currencies that tracks the country allocations in the emerging market (EM) index — is down nearly 9% from this year’s high on Apr 3. However, the slide has not taken the sheen away from the emerging market ETFs. This is especially true as iShares Core MSCI […]
Sensex Slumps 500 Points; Rupee Continues To Slide
After opening the day marginally lower, share markets in India witnessed negative trading activity throughout the day and ended the day in red. All sectoral indices traded in red, with stocks in the metal sector and stocks in the auto sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 509 points (down 1.3%) and the NSE Nifty closed down by […]
