Category Archive: Finance, No picture
Biotech Bull Market Under Pressure: Now Flat To Down In 2018
Biotech Bull Market Takes A Hit: Considerable Technical Damage Remain Cautious Through Q3 Earnings Cycle Here are some positive and negative indicators to consider on the future direction of biotechnology stocks. We are approaching positive seasonality for the life science sector so we should see a rally after the election through mid-January. Specialist funds control much […]
Weekly Gasoline Price Update: WTIC Down 4%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are down two cents each from last week. According to GasBuddy.com, Hawaii has the highest average price for Regular at $3.84 and South Carolina has the cheapest at $2.58. The WTIC end of […]
Jeld-Wen Drops Following CFO Departure, Weak Q3 Results, FY18 Guidance Cut
Shares of door and window maker Jeld-Wen Holdings (JELD) dropped in pre-market trading after the company released preliminary third-quarter results that were below Street forecasts and lowered its full-year guidance. The company also announced that Chief Financial Officer Brooks Mallard is leaving on November 8, and will be replaced by Senior Vice President John Linker. […]
Sensex Ends 297 Points Higher; Energy And Realty Stocks Witness Buying
Share markets in India continued their momentum during closing hours and ended the day on a positive note. Sectoral indices were trading on a positive note, with stocks in the energy sector and realty sector leading the gains. At the closing bell, the BSE Sensex stood higher by 297 points (up 0.9%) and the NSE Nifty closed up by 72 points (up 0.7%). The BSE […]
BTC/USD Forex Signal – Tuesday, Oct. 16
Yesterday’s signals may have produced a long trade off the support at $6,353 which is in profit, but I do not feel confident about it. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may be entered until 5pm Tokyo time, during the next 24-hour period only. Long Trades Long entry after a bullish price action reversal […]
USDCAD Daily Analysis – Tuesday, Oct. 16
USDCAD broke below the bullish trend line on the 4-hour chart, suggesting that lengthier consolidation for the uptrend from 1.2782 is needed. Range trading between 1.2926 and 1.3071 would likely be seen in a couple of days. However, as long as 1.2926 support holds, the uptrend could be expected to resume, and another rise towards […]
St. Louis Fed Discloses More Free Money: A Carry Trade In Liquidity
Not only do banks earn free money on excess reserves, they can borrow money and make guaranteed free money on that. The Federal Reserve Bank of St. Louis discusses the Carry Trade in Liquidity. The IOER [interest on excess reserves] has been the effective ceiling of other short-term interest rates. The figure above compares the IOER […]
AUDUSD Daily Analysis – Tuesday, Oct. 16
AUDUSD broke above 0.7130 resistance, suggesting that the downside movement from 0.7314 had completed at 0.7041 already. Further rally could be expected in the coming days and next target would be at 0.7200 area. Near-term support is at 0.7095, only a breakdown below this level could trigger another fall to test 0.7041 support.
Sensex Opens Firm; Realty & Consumer Durables Stocks Gain
Asian stocks are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.1% while the Hang Seng is up 0.4%. The Nikkei 225 is trading up by 0.6%. Equities in the US ended lower in a choppy trading session on Monday, dragged down by technology stocks amid lingering worries over interest rates and corporate […]
Congratulations Workers, You Now Make 0.5% More Than A Year Ago
In real (inflation-adjusted) terms workers make 0.5% more than a year ago, assuming one believes the CPI. Last Thursday, the BLS posted real earnings month-over-month. Here are the charts. Real Earnings All Employees For all employees, the BLS reports “Real average hourly earnings increased 0.5 percent, seasonally adjusted, from September 2017 to September 2018”. Real […]
