Category Archive: Finance, No picture
Absurd Proposal As To “Why Cryptos Aren’t Tulips”
Check out the ridiculous logic presented as to why cryptos cannot be in a bubble. Former Fortress hedge fund manager Michael Novogratz says the $8 billion Valuation of Coinbase Proves Cryptos are Not ‘Tulips’. Novogratz, whose cryptocurrency-focused merchant bank Galaxy Digital went public on a Canadian stock exchange in August, predicted major institutional money in bitcoin […]
Relief Out Of Italy
Relief out of Italy that the country may reign in spending a bit more than previously planned has European equities trading higher this morning, and US equity futures are following along in the footsteps. Two of the most hated sectors in the market right now are homebuilders and semis, and this morning there is news […]
Pre-IPO Coverage: Upwork (UPWK)
Online freelance platform Upwork (UPWK) will IPO today. At a price of $15 per share, the company plans to raise up to $90 million with an expected market cap of ~$1.3 billion. At the midpoint of the IPO price range, UPWK currently earns our Unattractive rating. UPWK is unprofitable (like a record 83% of IPOs so far […]
Bull Of The Day: Weight Watchers (WTW)
Weight Watchers (WTW – Free Report) announced last week that the company changed its name to WW, in the latest move to distance itself from a diet firm. Beyond the simple rebrand, Weight Watchers has already expanded its offerings to become a more complete wellness company and looks poised to continue to grow, while expanding its earnings. […]
First Look At September: ADP Says 230K New Nonfarm Private Jobs
The economic mover and shaker this week is Friday’s employment report from the Bureau of Labor Statistics. This monthly report contains a wealth of data for economists, the most publicized being the month-over-month change in Total Nonfarm Employment (the PAYEMS series in the FRED repository). Today we have the ADP September estimate of 230K new nonfarm private employment jobs, […]
USDCAD Daily Analysis – Wednesday, Oct. 3
USDCAD remains in the downtrend from 1.3081, the bounce from 1.2782 is likely consolidation for the downtrend. Further decline is still possible after the consolidation and next target would be at 1.2700 area. Resistance is at 1.2870, only a break of this level could bring the price back into 1.3000 zone.
Back Room Deals
Did President Donald Trump collude with OPEC and cut a backroom deal? There are reports that maybe he did, and it might involve OPEC bringing more oil into the market. The President’s call for more OPEC oil was perhaps just a facade as he with full knowledge had a deal with the cartel to bring […]
BTC/USD Forex Signal – Wednesday, Oct. 3
Yesterday’s signals were not triggered, as there was no bullish price action at $6,446. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be taken until 5pm Tokyo time, within the next 24-hour period. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $6,353 […]
Gold, Oil And US Indices All In Focus In The US Session
More excellent VPA lessons in this week’s video during the US session as David and I focus on commodities, indices and stocks, and in this session we start with gold which had one of its best days for many weeks, with the two drivers of USD weakness and a flight to safe haven, all helping […]
Sensex Down 129 Points; Telecom And Auto Stocks Witness Selling
Share markets in India are presently trading on a negative note. Sectoral indices are trading on a mixed note, with stocks in the telecom sector and automobile sector witnessing maximum selling pressure. The BSE Sensex is trading down by 129 points (down 0.4%) and the NSE Nifty is trading down by 46 points (down 0.4%). Meanwhile, the BSE Mid Cap index is trading down by 0.5%, […]
