Category Archive: Finance, No picture
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% – […]
Preview For September FOMC Meeting And Outlook For US Dollar
The US Dollar (via the DXY Index) has been moving sideways this week in the absence of any meaningful economic data. In the run up to the results of the Federal Reserve’s September 25-26 FOMC meeting, traders have seemingly forgotten about Brexit, emerging market contagion, and the US-China trade war – at least temporarily. As […]
EUR/USD Failed To Break 1.1780, Drop Towards 1.1632 Likely Now
Given that today’s Fed rate hike is firmly priced in, we expect FX markets to focus on the statement and the press conference by Fed Chair Jerome Powell. Even if the policy stance is no longer be called “accommodative”, we would not expect this change to trigger any strong USD buying. The market remains unconvinced […]
OPEC Is Ripping Us Off
President Donald Trump called out OPEC on the world stage and helped ease the explosive rally in oil. The President, in a speech before the United Nations, said “OPEC and OPEC nations, are, as usual, ripping off the rest of the world, and I don’t like it. Nobody should like it. We defend many of […]
