Category Archive: Finance, No picture
USD Could Recover If Markets Understand What Removing “Accommodative” Means
The Fed raised rates and left the dot-plot unchanged. The removal of the “accommodative policy” wording hit the US Dollar. This is not necessarily dovish as it seems. The Federal Reserve raised interest rates as expected. They also maintained the dot-plot as is, thus indicating another increase in December, concluding 2018 with four hikes. The […]
Breaking Down Gold Vs Foreign Currencies, US Markets, And The USD
With all the recent talk of a weak USD you would think that the PMs would have been really benefiting. As Jordan Roy-Byrne, Founder of The Daily Gold, points out, gold has remained relatively weak against not only the USD but also foreign currencies. The bounce in GDX reached 10% but is not reversing. Most […]
Housing History And Why The Yield Curve Got So Flat
The global economy was in very rough shape in 1980. Caught in the spiral of the Great Inflation, there was practically nowhere to hide from ripping upheaval – beyond just the economic problems. Despite trying seemingly everything for an entire decade, nothing Economists came up with would rebalance the system. They kept saying they only […]
Weekly Technical Perspective On The Canadian Dollar (USD/CAD)
In this series, we scale-back and take a look at the broader technical picture to gain a bit more perspective on where we are in trend. The Canadian Dollar rallied to a 15-week high against the US Dollar last week (USD/CAD lower) with a near-term recovery in price likely to offer opportunities in the days ahead. Here are […]
BTC/USD Forex Signal – Wednesday, Sept. 26
Yesterday’s signals were not triggered, as the bullish price action took place below $6,367. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time, over the next 24-hour period only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch of $6,353 […]
5 Stocks To Buy As New Analysts Initiate Coverage
Most investors trust research done by analysts to avoid inefficiencies triggered by lack of information. Thus, when it comes to coverage initiation, analysts naturally play a pivotal role. Coverage initiation by the analyst(s) on a stock usually portrays higher investor inclination. Investors, on their part, often assume there is something special in a stock to […]
US Dollar Tests Resistance At Prior Support Ahead Of The Fed
US DOLLAR BOUNCES AHEAD OF THE FED Today at 2 PM ET brings the Federal Reserve’s September rate decision, and the wide expectation is that we’ll be seeing a 25 basis point hike to mark the third such move out of the FOMC in 2018. But a hike today has long been expected, and the Fed […]
New Home Sales Down Up 3.5% In August
This morning’s release of the August New Home Sales from the Census Bureau came in at 629K, up 3.5% month-over-month from a revised 608K in July. The Investing.com forecast was for 630K. Here is the opening from the report: Sales of new single-family houses in August 2018 were at a seasonally adjusted annual rate of 629,000, according […]
IBM Rises After UBS Says Buy On AI Potential, Low Public Cloud Exposure
In a research note to investors, UBS analyst John Roy upgraded IBM (IBM) to Buy as he believes Artificial Intelligence potential and low public cloud exposure should pay off and outweigh mainframe headwinds. BUY IBM: UBS’ Roy upgraded IBM to Buy from Neutral and raised his price target on the shares to $180 from $160, […]
Investors Say No Thanks To Overpriced Acquisitions
Merger Monday is back, but the market’s not buying it. Comcast (CMCSA), Michael Kors (KORS), and Sirius XM (SIRI) all announced multi-billion-dollar acquisitions on Monday. The market responded by sending shares of all three companies deep into the red. The big drop in all three stocks – which fell by an average of 8% – […]
