Category Archive: Finance, No picture
Beware Fireworks As Italy’s Budget Resubmission Deadline Looms
With stocks in Europe attempting a modest relief rally after yesterday’s sharp selloff, traders remain on edge over political developments as today is the deadline for Italy’s cabinet to resubmit their budget proposal after the EC requested a new fiscal plan. Virtually nobody expects any material changes, especially with Il Sole reporting this morning that […]
The Failure Of A Gold Refinery
So this happened: Republic Metals, a gold refiner, filed bankruptcy on November 2. The company had found a discrepancy in its inventory of around $90 million while preparing its financial statements. We are not going to point the Finger of Blame at Republic or its management, as we do not know if this was honest error or theft. If […]
E Emerging Market Country Debts Are A Serious Problem, Particularly For The European Banks
“Emerging markets have rarely looked as vulnerable…The stock market slump and sharp currency depreciations coincide with the deceleration of capital inflows into emerging economies this year. Foreign investor sentiment was no doubt affected by Washington’s trade protectionism and the tightening of monetary policy by the Federal Reserve which is raising the cost of borrowing worldwide […]
Morning Call For Tuesday, Nov. 13
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.67%) this morning are up +0.71% and European stocks are up +0.59% on optimism about progress on the U.S.-China trade dispute. U.S. Treasury Secretary Mnuchin and Chinese Vice Premier Liu He have resumed talks on trade and the South China Post reported a potential Washington visit by Liu […]
Piper Sees ‘Significant Value’ In LivaNova Pipeline, Boosts Target To $145
After spending “several weeks” assessing LivaNova’s known product pipeline in four key areas, Vagus Nerve Stimulation for treatment-resistant depression and congestive heart failure, along with ImThera for obstructive sleep apnea and Caisson for mitral valves, Piper Jaffray analyst Matt O’Brien believes the value of the company’s portfolio today is $117 per share. This roughly doubles […]
USD/CAD Daily Analysis – Tuesday, Nov. 13
USD/CAD extended its upside movement from 1.2782 to as high as 1.3248. As long as the price is in the rising price channel on the 4-hour chart, the upside movement could be expected to continue and next target would be at 1.3300 area. Near-term support is at 1.3170, below this level could bring the price […]
Oil Just Keeps Delivering – So Enjoy The Ride!
It’s often hard to find trading opportunities which just deliver, and keep delivering, but for oil this has been the case over the last few weeks, and this was no different yesterday, with the WTI futures as the price of oil fell once more, and offering straightforward, low risk, high return trading opportunities in all […]
The Earnings Charts Of 3 Top Cannabis Stocks
Earnings season continues onward but is slowing down. This week, we start to see the rush of retailers reporting but another group has also clustered its reports into the back end of earnings season: the cannabis companies. Four of the most popular cannabis stocks that are publicly traded in the United States are reporting earnings […]
Crude Down Record 11th Day
Crude is down 22% since the early October high. Comments from Trump negated expectations that OPEC would cut production. Please consider Oil Falls in Longest Losing Streak on Record. Oil prices notched their longest losing streak on record Monday, as comments from President Trump negated expectations that the global oil cartel and its allies will cut […]
