Morning Call For Monday, Oct. 22
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.40%) this morning are up +0.31% on support from a surge in Chinese stocks along with a decline in Italian government bond yields. European stocks are up +0.33% and moved higher after the 10-year Italian government bond yield fell to a 2-week low of 3.30% when Italian Finance […]
Indian Indices End Volatile Day In Red; Energy Stocks Drag
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day in red. Sectoral indices ended the day in red, with stocks in the energy sector and stocks in the consumer durables sector losing the most. At the closing bell, the BSE Sensex stood lower by 181 points (down 0.5%) and the NSE Nifty closed […]
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Trump’s Tariff War With China May Have Some Unexpected Consequences
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
“The contours of US President Donald Trump’s trade strategy are becoming clearer by the day. America’s trading partners face dramatic threats. But, as the revamp of the United States-Korea Free Trade Agreement and the “reform” and renaming of the North American Free Trade Agreement (NAFTA) demonstrate, most countries need to offer only minor concessions to […]
Wall Street Targets A 20% Upside For Eaton Corp
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
This week I’m seeking a prestigious and long-term dividend-paying stock from the industirals business sector. That industrials sector includes twenty-three industries all related to designing, fabricating and servicing stuff we know, want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in […]
Forex Forecast And Cryptocurrencies Forecast For October 22 – 26
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
First, a review of last week’s events: EUR/USD. As expected, the past week was filled with all sorts of events. These included macroeconomic statistics from the USA, data on inflation in Europe, the UK and China, indices of current economic sentiments in Germany and the EU, the meeting of the US Federal Reserve Committee on […]
China’s Below-Estimated GDP Continues To Weigh On Aussie
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
China’s PMI fell further in September, short AUD/USD? China GDP hints that more RRR cuts may come which is bad for EM currencies China’s GDP growth came in at 6.5% year-on-year in 3Q, in line with our forecast. The consensus estimate was for a 6.6% reading. This was down from 6.7% in 2Q and marked […]
USD/CAD Daily Analysis – Monday, Oct. 22
Oct 22, 2018
Jeremy Parkinson
Finance, No picture
USD/CAD extended its upside movement from 1.2782 to as high as 1.3132. As long as the price is above the bullish trend line on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3200 area. Near term support is at 1.3025, only a breakdown below this level […]
SocialStocks: Snap May Be Small Enough To Be Acquired, Youtube Suffers Blackout
Oct 21, 2018
Jeremy Parkinson
Finance, No picture
Welcome to “#SocialStocks,” The Fly’s weekly recap of Wall Street’s reactions to social media stock news. RISKS ALREADY PRICED IN FACEBOOK SHARES: On October 17, Baird analyst Colin Sebastian said he believes Facebook’s (FB) shares have embedded some downside risk to consensus estimates with out-year Street margin expectations likely to compress further. Sebastian maintained his […]
Net Censorship On The Rise
Oct 21, 2018
Jeremy Parkinson
Finance, No picture
Most people seem to assume that tech giants like Google and Facebook are invincible. It’s true that these companies have built an incredible “technology moat” that the competition needs to cross. These guys are light years ahead of the competition in terms of tech and ecosystem. However, I think they have a serious chink in […]
Theresa May’s Brexit Dilemma: More Optimism In Brussels, Less In UK
Oct 21, 2018
Jeremy Parkinson
Finance, No picture
The EU is holding out an olive branch to the UK, but it’s poisoned with fears the Uk will be trapped in limbo forever. Angela Merkel is beginning to bend a bit on Brexit. She has to. German exports will collapse if there is no Brexit deal. From Eurointelligence More in Optimism in Brussels, Less […]