Dollar Given Reprieve Ahead Of Employment Report
As the US dollar finished last year, so too did it begin the New Year, and after extending its losses, the bears have paused. Technical factors had been stretched, but it appears to have been old-fashioned macroeconomic considerations to have helped the dollar to move off the mat. Quickly summarized, these considerations are a larger than […]
Teva Downgraded To Underperform From Market Perform At Wells Fargo
Wells Fargo analyst David Maris downgraded Teva Pharmaceutical (TEVA) to Underperform with a $17 price target. The drugmaker closed yesterday up 45c to $19.58. Teva shares have now risen approximately 80% from its lows in November, Maris tells investors in a research note. The analyst believes now is a good time to sell the […]
Relentless Stock Market Meltup Smashes Records Around The Globe
Meltup groundhog day continues as global equity markets begin 2018 with another day of record highs and with their best week in more than a year, extending last year’s rally that has seen volatility plunge and risk appetite surge. The new year’s ramp to new record highs in stock markets around the world continued for […]
The Gold Market In 2017
So another year has passed. How quickly it happened! But we hope that you did not get bored, and instead took time to learn more about the fascinating gold market. At first glance, 2017 seems to be a dull period for the yellow metal, as it was traded within a narrow range of $1,200-$1,300 for most […]
Nasdaq Elliott Wave Analysis: Ending Impulsive Move
Short Term Nasdaq Elliott Wave view suggests that the rally from 12/5 low unfolded as a double three Elliott Wave structure where Minor wave W ended at 6545.75 and Minor wave X ended at 6383.25. This week, the Index made a new high above Minor wave W at 6545.75, suggesting the next leg higher has started. Internal of Minor wave W unfolded […]
Bitcoin Surges Back Above $16,000 In Abrupt Early Morning Move
Bitcoin is on the move on Friday morning, and not a moment too soon for the bulls. It’s been something of an inauspicious start to 2018 for the king of the cryptocurrency universe. Sure, there was the Peter Thiel news, but aside from that, the limelight has belonged to Ripple, whose co-founder Chris Larsen catapulted ahead of Google founders Larry Page […]
Euro-Area Inflation Slows To 1.4% In December
Growing economic activities in the Euro-area failed once again to boost weak consumer prices in December. The Euro-area annual inflation rate is expected to slow slightly in the last month of 2017 to 1.4 percent, down from 1.5 percent in November, the Eurostat, the statistical office of the European Union said on Friday. According to the […]
Biotech ETFs Vs Active Funds: Fidelity Biotech Fund Outperforms The IBB
Fidelity Biotech Portfolio (FBIOX) Is Beginning to Show Benefits of Active Management The IBB performance is trailing both FBT and XBI. The XBI outperformed in 2017. Current bull market in biotech intact since July 2016. Biotech ETFs have outperformed the S&P last year despite recent weakness but the IBB is barely keeping pace recently. During […]
EC HH EM Vs DM Macro And Markets
With the December round of PMI data just released, it’s a good time to take a look at some of the key macro and market metrics for developed vs emerging economies. Aside from the timeliness aspect, there are some very interesting trends underway across both EM and DM, and particularly on the relativities. Before getting into […]
Gold Prices Rise As Dollar Weakness Continues
Gold prices ended Thursday’s session up $9.34 an ounce, helped by the weakness in the dollar. XAU/USD initially fell yesterday but bounced up nicely from the anticipated support level at $1305, the confluence of a horizontal support and the bottom of the hourly cloud. The market climbed back above the $1317-$1316 area and ultimately reached […]
