2018 IPO Prospects: Lyft Appears To Be Changing Gears To List
According to a Goldman Sachs report, the global ride-hailing market is expected to grow from $36 billion in 2017 to $285 billion by 2030. The average number of ride-hailing trips a day globally are expected to grow from 15 million in 2017 to 97 million by 2030. The ride-hailing companies are expected to charge an average […]
Ethereum Price Tops $1000, Market Cap Tops $100 Billion
While Ethereum has lost its second place position to Ripple and was clearly left behind, its value is still on the rise. ETH/USD extended its gains and reached a high of $1063 according to the data on Bittrex. After the initial rise, ETH/Dollar slipped a bit, but it remains up on the day. Taking a broader look, […]
AUDUSD Daily Analysis – Thursday, Jan 4
AUDUSD stays in a rising price channel on its 4-hour chart and remains in the uptrend from 0.7501. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 0.7900 area. Only a clear break below the channel support could signal completion of the […]
Investors Warming Up To Stocks
It may be cold outside, but individual investors have really warmed up to stocks in a big way. According to the weekly sentiment survey from the American Association of Individual Investors (AAII), bullish sentiment increased to 59.75% from 52.65% last week. If that sounds like a high reading, that’s because it is! Not only is this […]
7 Low Price-To-Sales Stocks To Buy For Optimum Returns
When considering valuation metrics, the obvious choice has always been Price-to-Earnings ratio as calculations based on earnings are easy and come in handy. However, Price-to-Sales has emerged as a convenient tool to determine the value of stocks that are incurring losses or are in an early cycle of development, generating meager or no profits. While […]
How Quickly Will The Dollar Collapse?
This might seem a frivolous question, while the dollar still retains its might, and is universally accepted in preference to other, less stable fiat currencies. However, it is becoming clear, at least to independent monetary observers, that in 2018 the dollar’s primacy will be challenged by the yuan as the pricing medium for energy and […]
EUR/JPY – 140.00 In View?
EUR/JPY posted its best reading in nearly two years today pushing through the 136.00 by morning US trade. The pair is signaling that market is looking for synchronous global growth that will tighten monetary policy everywhere but Japan allowing the pair to make a move towards the key 140.00 level over the next few weeks. […]
What Could Go Wrong With The Economic Forecast In 2018?
My economic forecast for 2018 is moderately positive, as I explained in recent articles detailing predictions for consumer spending, housing, and business capital spending. But things could go wrong, even so far as a recession. Anyone who is absolutely convinced that we cannot avoid a recession this year is far too overconfident in his or her ability to […]
British Pound Looks Set To Keep Rallying
After a great performance in 2017, the good times for the British pound look set to continue. While manufacturing and construction PMIs announced earlier this week missed expectations, services PMIs beat optimistic expectations. Given the forward-looking nature of PMI surveys, upcoming GDP growth should remain strong. As services dominate the UK’s exports, this news was […]
U.S. Businesses Create 250,000 Jobs In December
Private businesses in the US created 250,000 in December, according to the ADP Research Institute report. The highest in nine months and beat the 190,000 estimated by economists. “The job market ended the year strongly,” Mark Zandi, chief economist of Moody’s Analytics Inc. in West Chester, Pennsylvania, said in the statement. Moody’s produces the figures […]
