Category Archive: Finance, No picture
This Week In Stocks- Sunday, August 12
Our analysis of the S&P 500 (SPX) is for stocks to trade in a range, with downside risk increasing in the coming weeks as the current minor cycle comes to completion. In the meantime, we will keep an eye on the 2821 level, which is the bottom of our minor support zone. Below that, our […]
Biotech ETFs In Focus On String Of Q2 Earnings Beats
The biotech sector has been performing remarkably well driven by a wave of mergers and acquisitions, new tax legislation, and a positive regulatory backdrop. Strong Q2 earnings results have also added to the strength as most of the biotech giants such as Amgen Inc (AMGN), Gilead Sciences (GILD), Biogen Inc (BIIB) and Alexion Pharmaceuticals (ALXN) […]
Emerging Markets: Preview Of The Week Of August 13
EM FX came under greater pressure last week as the situation in Turkey deteriorated. With no weekend developments as of this writing, we expect Turkish assets to remain under pressure this week. The five worst EM currencies YTD are TRY (-41%), ARS (-36%), RUB (-15%), BRL (-14.5%), and ZAR (-12%). All five have serious baggage […]
Daily Volatility In Gold, Silver And The Dow Jones
The stock market is in its dog-days of summer; for the past month the Dow Jones didn’t want to go up yet refuses to go down. Since July 16th (twenty trading days) the Dow Jones has remained in a tight trading range in the BEV chart below, from -3.71% down to -5.91%. Comparing the low […]
Weekly Trading Forecast: Financial Markets Shudder After US -Turkey Tensions Deteriorate
US Dollar Forecast: US Dollar Gains on Market Turmoil, Eyes Bond Sales and TIC Data Haven demand lifted the US Dollar amid turmoil in emerging markets. Bond sale results and TIC data may complicate matters next week. British Pound Forecast: GBP: UK Inflation and Wages Data to Help Sterling Consolidate The latest look at UK employment, wages […]
Microsoft CEO Sells 328,000 Common Shares
In a regulatory filing, Microsoft CEO Satya Nadella disclosed the sale of 328,000 common shares of the company at a price of $109.4396 per share. The value of the sold shares amounts to roughly $35.9M, according to Bloomberg.
New Diabetes Solutions Tapping Our Disruptive Innovators And Digital Lifestyle Investing Themes
When it comes to the market that is diabetes — it affects some 30 million Americans, more than 9% of the population, according to the CDC and rates of those diagnosed with diabetes rises with age, to 25% of those 65 and older — we are seeing a number of new products and services that […]
USD/JPY Weekly Analysis – Sunday, August 12
USD/JPY broke below the rising trend line on the daily chart, suggesting the upside movement from 104.63 to as high as 113.17. A deeper decline would likely be seen in a couple of weeks and the next target would be at 109.50 area. Resistance levels are at 112.20 and 113.17, only a break above these […]
Testing The Dollar’s Breakout
The US dollar surged last week, with the Dollar Index rising 1.25%, the most since April. The dollar is being boosted by two drivers. The first is the policy mix and interest rate divergence.The other is the intensification of pressure on emerging markets. Turkey has a disastrous combination of more fundamentals, large short-term foreign currency debt obligations, […]
