Category Archive: Finance, No picture
Crude Oil, Gold Prices Edge Up As Market Turmoil Cools. Now What?
Commodity prices corrected broadly higher amid a recovery in risk appetite, as expected. Crude oil and gold prices rose in tandem following news that China’s Vice Commerce Minister will travel to the US to restart talks following a round of tit-for-tat tariff hikes, cooling worries about further trade war escalation. That lifted the spirits of investors previously battered by emerging market […]
AUDUSD Daily Analysis – Friday, August 17
AUDUSD is facing 0.7283 resistance. A clear break of this level would indicate that the downside movement from 0.7453 had completed at 0.7202 already, then the pair would find next resistance level at around 0.7350. On the downside, as long as 0.7283 resistance holds, the downtrend could be expected to resume and further decline to […]
Sensex Opens 220 Points Higher; Metal & Realty Stocks Gain The Most
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.5% while the Hang Seng is up 0.5%. The Shanghai Composite is trading down by 0.2%. US stocks closed higher on Thursday on renewed hope that a resolution to a trade dispute with China could be on the horizon. Investors also […]
The Problem With Historical Illustrations Of Free-Banking Systems
Neo-banking authors devote strong efforts to historical studies which they intend to support the thesis that a free-banking system would protect economies from cycles of boom and depression, owing to the “monetary equilibrium” mechanism. Nevertheless, the empirical studies produced thus far have not focused on whether free-banking systems have prevented credit expansion, artificial booms, and […]
Is Gold Now Finally Due For A Bounce?
Jordan Roy-Byrne and I discuss the recent gold and GDX action that sliced through some key resistance levels. Jordan had a short on the mining stocks but has since closed out that position and is not waiting for that bounce to come. (Audio length 00:14:19)
3 Under-The-Radar Retail Stocks To Buy As Sector Surges
The retail sector has been all over the news this week, with many of the major players reporting their latest earnings results, and on Wednesday, the Commerce Department added more fuel to the fire by showing that retail sales increased 0.5% in July. Various retailers have posted impressive results, driven by rising sales to consumers […]
Nordstrom Reports Q2 EPS 95c, Consensus 84c
Nordstrom (JWN) – Reports Q2 revenue $3.98B, consensus $3.96B. Total Company net sales increased 7.1 percent for the second quarter ended August 4, 2018 compared with the quarter ended July 29, 2017. This reflected a favorable shift of approximately 100 basis points primarily due to the impact of the new revenue recognition standard as it […]
Tesla Sues The Government Of Ontario For Ending EV Incentives
These days when one hears “Tesla” and “lawsuit” in the same sentence, conventional wisdom is that yet another disgruntled investor is suing Elon Musk’s company and/or Musk himself, seeking recoveries from Musk’s “going private” tweet, either longs or shorts. In this case however, the tables are turned, because as Electrek reports, one month after the Ontario government […]
EUR/USD Bounce In Progress; Long At 1.1350
The USD ended little changed on Wednesday after reaching a 13-month peak against a basket of currencies. Upbeat figures on U.S. retail sales, manufacturing output and worker productivity supported the greenback and the view of steady U.S. economic growth. But USD sell-off during the North American session suggests a corrective move is due. This is […]
