Gold Snaps Three-Day Winning Streak
Gold prices ended Wednesday’s session down $2.32 as the dollar recovered some of its recent losses ahead of announcements from the Bank of Japan and the European Central Bank. Failing to sustain a push above the $1242 level also weighed on the market. It seems that investors don’t want to make large bets ahead of […]
AUD/USD Broke Above 0.7834 Resistance
AUD/USD recently broke above a major resistance at the April 2016 high of 0.7834, indicating that the sideways movement in the range between 0.7144 and 0.7834 is complete. The AUD/USD pair stays above a bullish trend line with support at 0.7635 on its daily chart and remains in the uptrend from 0.7328. As long as […]
EUR/USD Pullback To 1.15 Before Euro Zone Interest Rate Decision
EUR/USD 4 hour The EUR/USD retraces back to the broken resistance of 1.15 within the bullish trend which could turn out to become a support level. However, there is an interest rate decision today for the Euro zone by the European Central Bank (ECB) plus a follow-up press conference. These events will probably cause increased […]
Quads
Podcast: Play in new window | Play in new window (Duration: 13:15 — 7.6MB) DOW + 66 = 21,640 SPX + 13 = 2473 NAS + 40 = 6385 RUT + 14 = 1441 10 Y + .01 = 2.27% OIL + .69 = 47.09 GOLD – 1.00 = 1242.00 BITCOIN + 1.75% = 2334.63 USD ETHEREUM – 2.36% […]
E Soligenix: Biotech Company Chosen By Italian Hedge Fund BxWorld
Italian hedge fund BxWorld Fund has entered a position in Soligenix (Nasdaq: SNGX), a biotech company with some interesting products for the cure of cancer and a range of products against bioterrorism and radioactive warfare. Luca Fer, BxWorld’s fund manager, says: “We consider the company a target also for the USA government or some defense […]
Watch Out Below For Coca-Cola
Coca-Cola (KO) has been under pressure for a few years. KO is up roughly 33% since 2012. The S&P 500 is up roughly 88% over the same time frame. They have sought to streamline their business and have divested a lot of assets. But the clouds are still dark for Coke. KO has three major […]
Market Talk – Wednesday, July 19
A healthy close for Asia in today’s trading after the uncertainty seen from a mixed US session. The large cap DOW recovery helped but it was the broader S&P and Nasdaq that contributed most for Asia’s impetus. The Nikkei only marginally closed in positive territory but it was the fact that it closed above the […]
Crude Oil Prices Rise On Inventory Drop, Gold Eyes BOJ And ECB
Crude oil prices raced higher after official EIA inventory data revealed a far larger outflow than expected. US stockpiles shed 4.73 million barrels compared with the 3.46 million draw expected by the markets and a shock gain foreshadowed in API figures for the same period. A pause to consolidate may now be in the cards. The stock of […]
American Express Reports Q2 EPS Of $1.47
American Express Company (NYSE: AXP), the New York City-based global services company that offers charge and credit cards, business credit cards, travel services, gift cards, prepaid cards and merchant services, reported financial results today for its second-quarter 2017, as follows: In reference to the Q2 results Chairman and CEO, Kenneth I. Chenault, said: “We…continue to execute a strategy that […]
Introducing Granddad Russell 2000!
Today, at 5 PM EST on my Facebook page called: Mish’s Market Minute Daily, I went live with the first of six cartoons that represent the Modern Family. Coincidence or not? The Russell 2000 must like the publicity and his character depiction as IWM made a new all-time high! Now, Gramps was not alone. The […]
