Category Archive: Finance, No picture
Top 5 Charts Of The Week – Thursday, Nov. 8
This week we look at the following charts and themes: Crude oil breakdown – the technical picture looks bleak as headwinds mount Global institutional investor confidence – instos drop equity allocations to a 5 year low EM vs DM manufacturing PMIs – EM PMI rebounds to a 5 month high in October Economic Policy Uncertainty […]
New ETFs That You May Or May Not Be Able To Use
A look at several new ETFs listed this week. The first ETF to look at is the ProShares Pet Care ETF (PAWZ). The high level theme is very easy to understand, all the more so if you have pets, people are willing to spend a lot of money caring for and feeding their dogs, cats […]
E EUR/AUD Looking Bearish
EUR/AUD made a nice drop yesterday, down from 1.580 level which we labeled as sub-wave v of 3. This drop can now look for support and a bullish reversal near the 1.5600 area, from where a temporary corrective rise can follow, which can later look for resistance near the 1.580 region. A later drop from […]
AUDUSD Daily Analysis – Thursday, Nov. 8
AUDUSD broke above 0.7258 resistance and extended its upside movement from 0.7020 to as high as 0.7299. Further rise is still possible and next target would be at 0.7340 area. Near-term support is at 0.7200, followed by 0.7180, only break below these levels could bring the price back towards the bullish trend line on the […]
Gold, Crude Oil Prices May Accelerate Lower On Upbeat FOMC
Commodity prices seesawed in the aftermath of US midterm elections yesterday. Initial US Dollar weakness offered a lift as markets worried about fiscal policy deadlock after the Democrats secured a hold on the House of Representatives while Republicans successfully defended (and expanded) their majority in the Senate. The move came undone over the course of the day, […]
EUR/USD Is Under Fresh Pressure As Reality Returns
The EUR/USD drifts down as the dust settles from the US elections. The Federal Reserve will likely remind us of monetary policy divergence. The pair is trading within an uptrend channel but may challenge the lows. The EUR/USD is trading above 1.1400 but far from the highs of 1.1500 seen on Wednesday. The US Dollar was on […]
The Three Largest Cryptocurrencies – Wednesday, Nov. 7
With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
What Is A Bitcoin ETF Anyway? (And Other Questions You May Have)
You’ve probably been hearing a lot about Bitcoin ETFs in the news lately. But, what exactly is a Bitcoin ETF? Simply put, it’s a new way to trade and invest in Bitcoin. This new investment vehicle, when approved, might precipitate massive inflows of institutional cash into the worldwide cryptocurrency markets. It might even offer very […]
News Corp. Reports Q1 Adjusted EPS 17c, Consensus 4c
NewsCorp (NWSA, NWS) reports Q1 revenue $2.52B, consensus $2.54B. Commenting on the results, Chief Executive Robert Thomson said: “In the first quarter, our growth in revenue and earnings reaffirmed our strategy to focus on digital development, and to put particular emphasis on subscriptions as the advertising market continues to evolve. Reported revenues grew 23% to […]
Weekly Heating Oil Prices – Wednesday, Nov. 7
We’ve used data from the Energy Information Administration (EIA), which publishes price data weekly on home heating oil in 38 states by dollar-per-gallon before taxes. Unlike natural gas and electricity, home heating oil is provided by independent retailers. The latest price of home heating oil nationwide is $3.35, down two cents from last week and up 6 […]
