Euro Rides High After German GDP
The euro was already trading firmly before German GDP surprised to the upside, and the report helped lift the single currency through $1.17 for the first time ECB meeting in late October. The 0.8% quarterly expansion lifted the workday adjusted the year-over-year rate to 2.8% from a revised 2.3% in Q2, which is the fastest […]
Italian GDP Rises By 0.5% As Expected – EUR Looks Strong
The economy of Italy is seeing accelerating growth: 0.5% q/q, the highest since 2009. This may provide some comfort after Italy was left out of the World Cup for the first time in 60 years. EUR/USD consolidates its gains and trades around 1.0710. Resistance awaits at 1.1780 and support at 1.1670. Italy, the third-largest economy […]
Will US Inflation Tick Higher In 2018?
The Federal Reserve has been trying to lift the inflation trend in recent years with limited success. Key measures of the price trend remain below the central bank’s 2.0% target and recent data point to more of the same for the immediate future. But there are hints that the inflation is stabilizing, perhaps laying the […]
German Q3 GDP Growth Smashes Expectations
German GDP growth for Q3 2017 printed at 0.8% Q/Q, easily beating the consensus estimate of 0.6%, which was in line with growth in the previous quarter, driven by fixed capital formation amid stable household and government consumption. While year-on-year GDP growth was reported as 2.3%, the underlying growth was 2.8% after adjusting for calendar […]
AUDUSD Daily Analysis – Tuesday, Nov. 14
AUDUSD broke below 0.7624 support, indicating that the downtrend from 0.7897 has resumed. Further decline could be expected in the coming days, and next target would be at 0.7500 area. Near-term resistance is at 0.7670, only break above this level could take price back to test 0.7729 resistance. Above this level could trigger further upside […]
Forex Week In Review – Tues. Nov. 14
Last week was a negative affair for the world’s major markets with all but the Nikkei losing ground. In Europe over the course of the week, the FTSE was down on last week’s close by 1.7% at 7433; the DAX ended at 13127, 2.6% down on last week’s close; the CAC was down by 2.5% […]
Namaste Technologies Adds Another Million In Revenue To The Balance Sheet Through Brazilian Acquisition
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Namaste Technologies Inc. (CSE:N)(OTCMKTS:NXTTF) is pleased to announce that it has acquired Brazil’s largest vaporizer retailer, vaptvupt.lojaintegrada.com.br, in consideration of signing an exclusive fulfillment agreement for Namaste’s Brazilian operations.The acquisition of VapeBr is accretive […]
Who’s Been Buying The Dip?
“I wanted to write buy the dip, but the S&P 500 has had such a tiny drop from last week’s record high that a ‘divot’ seemed more appropriate,” Bloomberg’s Andrew Cinko wrote on Monday. Story of our life Andrew, story of our life. There are no “dips”, anymore. There are just sporadic instances of benchmarks not closing green. […]
Sensex Trades On A Volatile Note; Capital Goods Stocks Top Losers
After opening the day flat, Share markets in India witnessed volatile trading activity and are presently trading in the red. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and auto sector witnessing maximum buying interest. Energy stocks and capital goods sector are trading in the red. The BSE Sensex is trading down by 62 points (down 0.2%) and the NSE Nifty is […]
Here Are Factors Influencing Target’s (TGT) Upcoming Q3 Earnings
Target Corp. (TGT – Free Report) is scheduled to release third-quarter fiscal 2017 results on Nov 15. Well, the obvious question that comes to mind is will this operator of general merchandise stores be able to deliver positive earnings surprise in the quarter to be reported. In the trailing four quarters, the company outperformed the Zacks Consensus Estimate […]
