US Dollar Rally May Spell Trouble For Precious Metals
The last 14 months has seen the US Dollar Index fall nearly 15 percent (top to bottom). Sentiment toward the dollar has turned bearish as well. From a contrarian standpoint, the US Dollar Index is nearing an oversold bounce. But could it lead to a stronger rally than expected? Over the past two weeks, the Dollar […]
Why Is The Gold Price Not Moving Higher, Faster?
Inflation Is Back and Risks Are High, But This Is Why the Gold Price Is Not Reacting Federal Reserve Chair Jerome Powell delivered his first testimony before Congress. Investors all over the world had waited anxiously for his words. Many, given the huge leverage that exists in stocks now, wanted to discover where interest rates are […]
Microsoft Chart Is Poised For Another Move Up
Mr. Softy is back! Microsoft (MSFT) has looked good for a couple of years now, but the recent action is quite constructive. Based on what I’m seeing in the chart, there could be more upside to come. Money flow has remained positive, turnover has been solid and option call buying has been decent. The recent pullback […]
Oil Price Outlook Mired By Rising U.S. Output, Fresh Bearish Sequence
Crude continues to pullback from the monthly-high (64.21), with oil prices at risk for a larger correction as they carve a fresh series of lower highs and lows. Fresh updates from the U.S. Energy Information Administration (EIA) appear to be weighing on oil prices as crude inventories increased 3.02M barrels in the week ending […]
Tech ETFs & Stocks Surviving The Market Rout In February
The technology sector has shown immense upside potential this month even amid market turmoil, ruffled by fears of inflation and higher-than-expected rate hikes due to an upbeat January jobs data and Fed minutes. Now the remarks from the Fed Chairman Jerome Powell in its first testimony to Congress revived fears of more interest rate increases […]
The Only Thing That Matters (Europe)
Effective June 10, 2014, the European Central Bank cut the interest rate it paid on its deposit account to less than zero. That instrument in forming the floor for what is a money market corridor in European policy, it was the world’s first major NIRP experiment. Europe’s economy had by GDP been growing again for […]
TJX Companies (TJX) Lags Q4 Earnings, Provides FY19 View
The TJX Companies, Inc. (TJX – Free Report) , a leading off-price retailer, recently came out with its fourth-quarter fiscal 2018 results wherein adjusted earnings of $1.19 missed the Zacks Consensus Estimate of $1.28. However adjusted earnings depicted an increase of 15.5% from the prior-year quarter. Adjusted earnings for fiscal 2018 increased 9.1% from the prior-year to reach […]
EUR/USD, GBP/USD Slip At Support As USD Touches Fresh February Highs
US DOLLAR LOOKS TO CLOSE FEBRUARY ON A BULLISH NOTE The US Dollar continues to exhibit strength as we near the end of February. Here on the last day of the month, the Greenback has just touched-up to a fresh February high of 90.60, testing through the prior mark at 90.57; making for quite the interesting end […]
Endocyte Announces Pricing Of Public Offering Of Common Stock
WEST LAFAYETTE, Ind., Feb. 28, 2018 (GLOBE NEWSWIRE) — Endocyte, Inc. (Nasdaq Global Market: ECYT), a biopharmaceutical company developing targeted therapeutics for personalized cancer treatment, announced today the pricing of an underwritten registered public offering of 17,857,143 shares of its common stock at a price to the public of $4.20 per share. In addition, Endocyte […]
