EUR/USD And GBP/USD Forecast – Monday, Nov. 20
EUR/USD The EUR/USD pair rally during the day, but gave back about half of the gains to form a shooting star. Because of this, I think that the market could pull back to a significant support at the 1.17 level. That’s an area that was the previous neckline for the head and shoulders pattern that […]
Morning Call For Monday, Nov. 20
OVERNIGHT MARKETS AND NEWS Dec E-mini S&Ps (ESZ17 -0.06%) this morning are down -0.02% on concern over passage of U.S. tax reform legislation. European stocks are up +0.23%, led by strength in automakers, after Volkswagen AG raised its 2020 sales growth forecast to 25%, up from a forecast of 20% in March. The upside in […]
Acorda Discontinues Tozadenant Development Program
Acorda Therapeutics announced that it is discontinuing its clinical development program for tozadenant, an investigational treatment for Parkinson’s disease, including immediately discontinuing dosing of all participants currently enrolled in its tozadenant studies. The company made this decision based on new information obtained from the Phase 3 program related to previously disclosed agranulocytosis and associated serious […]
ShotSpotter Could Get Shot Down By Lockup Expiration
December 4, 2017 concludes the 180-day lockup period on ShotSpotter, Incorporated (SSTI). When the lockup period ends for SSTI, its pre-IPO shareholders, directors, and executives will have the chance to sell their approximately 4.4 million shares of previously restricted shares. (Source: S-1/A) The potential for a sudden increase in stock available in the open market […]
BTC/USD Forex Signal – Monday, Nov. 20
Last Thursday’s signals were not triggered, as none of the key levels were ever reached Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered between 8am London time and 5pm New York time, today only. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch […]
Do Factors Work In International Equities?
A few weeks ago, we looked at the current state of affairs in smart beta factors in the U.S. markets. With flows into U.S. smart beta stock ETFs in recent years, we found that there was a reduced, but not eliminated, effectiveness with a factor-based approach. Many investors see international equity markets as generally less efficient than U.S. markets, […]
FDP Ready To Support German Minority Government – EUR/USD Rebounds
The worries about the failed German coalition talks sent EUR/USD some 50 pips lower. But this did not last. The pair is already back to 1.18, even exceeding the opening levels. This is more than a full recovery. When a currency doesn’t fall on bad news, its strength is exposed. This implies magnified gains when good news […]
Foreign Bonds Bounced Back Last Week
Fixed-income markets in developed and emerging nations topped the winners list last week for the major asset classes, based on a set of exchange-traded products. The gains mark the second week of flat to higher prices after two months of a downtrend for offshore bonds. The SPDR Bloomberg Barclays International Treasury Bond (BWX) was the strongest […]
Bitcoin Blasts Through $8,000 To Hit New Record High
Digital currency, Bitcoin, climbed to a new record high on Monday following the cancellation of Segwit2x software upgrade earlier this month. The cryptocurrency which had erased about $38 billion of its market value a week ago, is now trading at $8,044.34 a coin. Meaning, the unregulated cryptocurrency has gained about 33.3 percent since plunging to $5,617 a coin […]
Understanding 2017 Corporate Tax Reform Issues
The Republican tax overhaul plans have sparked great uncertainty amid heated debates. This article provides a framework for thinking through the issues. My sister asked me, “How should we reform taxes, Bill?” I asked what goal she wanted to achieve. “Fairness.” “OK,” I said, “we can work on fairness. But you’re not concerned about economic growth?” She […]
