Morning Call For Thursday, Jan 11
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH18 +0.18%) this morning are up +0.08% on strength in energy stocks and as the rout in Treasuries abated. Energy stocks gained as Feb WTI crude oil (CLG18 +0.63%) climbs +0.53% to a new 3-year high after Wednesday’s weekly EIA data showed U.S. crude inventories fell for an […]
Going For Higher Margins In Info Tech
Background Venture Corporation Limited is a leading global provider of technology services, products and solutions based in Singapore. It consists of a network of more than 30 companies across the globe. Its main manufacturing plants are in Singapore, Malaysia, and China, and its design and pilot production capacity is in the United States. Business Description […]
The Oil Glut Is Officially Gone
The oil glut that many said would never go away is officially gone. For the first time since June of 2015 oil supplies are back in the average range and not above average. This is happening as U.S demand is above average and that in part explains why the supply of oil continues to drain […]
Bitcoin Struggles As South Korean Ban Pushes Forward
Bitcoin prices continued to slide on Thursday, after South Korea’s justice minister, Park Sang-ki, announced that the country’s government is moving forward with legislation that would prohibit bitcoin trading on more than a dozen domestic exchanges. At a press conference, Park candidly noted that “There are great concerns regarding virtual currencies and justice ministry is […]
Sonic Healthcare Limited Is In Good Health
Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the […]
Pound Pressure: 3 More Worrying Indications Weighing On The Economy
The British pound slipped under 1.35 once again. The previous fall was related to mediocre data such as the trade balance, and this drop is also related to worrying signs for the British economy. In between, GBP/USD made a rapid move above 1.35 thanks to the weakness of the dollar. Reports coming out of China said […]
Australian Retail Sales Climb On Iphone Sales In November
Australian retail sales beat expectation in November as the retail sector outperformed the broader market on iPhone sales. According to the Australian Bureau of Statistics, retail sales rose 1.2 percent month-on-month, boosted by the release of iPhone X and Black Friday sales. This was higher than the 0.5 percent recorded in October and better than the 0.4 […]
Draghi’s Headache: 2018 Monetary Policy
In the December ECB meeting, there was no new news. As expected, the MPC left rates unchanged and signaled a continuation of their easing program. As you recall, in the October meeting, the committee announced a plan to continue implementing the asset purchases until September this year. This January, the asset purchases will be reduced […]
Bonds Bounce After China Denies “Fake News” Report; Oil Tags $64
U.S. equity futures are back in the green, while Asian and European stocks are mixed after worries about a U.S.-led trade war put world stocks at risk of their first two day loss of the year on Thursday, while bond markets bounced as China poured cold water on reports that it might stop buying U.S. debt. As poured […]
WTI Crude Oil And Natural Gas Forecast – Thursday, Jan 11
WTI Crude Oil The WTI Crude Oil market went back and forth during the trading session on Wednesday, forming a neutral candle. We have gotten a bit overextended, so it makes sense that we would pull back a little bit. I think at this point, we could go looking for the $62 level underneath, possibly […]
