GBP/USD: Extends Weakness, Remains Vulnerable
GBP/USD: The pair continues to retain its nearer downtrend weakening further on Thursday. Support lies at the 1.2900 level where a break will turn attention to the 1.2850 level. Further down, support lies at the 1.2800 level. Below here will set the stage for more weakness towards the 1.2750 level. Its daily RSI is bearish […]
July 2017 Initial Unemployment Claims Rolling Average Marginally Improves
The market expectations for weekly initial unemployment claims (from Bloomberg/Econoday) were 240 K to 250 K (consensus 245,000), and the Department of Labor reported 233,000 new claims. The more important (because of the volatility in the weekly reported claims and seasonality errors in adjusting the data) 4 week moving average moved from 246,000 (reported last […]
Philip Morris (PM) Misses Q2 Earnings And Sales; Stock Down
Philip Morris International Inc. (PM – Free Report) is the world’s leading tobacco company. However, the company has been witnessing declining demand for cigarettes due to the ongoing anti-tobacco campaigns and government restrictions. In fact, the U.S. Food and Drug Administration (FDA) has also made it mandatory for tobacco companies to use precautionary labels on cigarette packets to […]
So You Want To Fix The Trade Deficit?
Well, I don’t think a few tariffs and quotas, plus “tweaking” Nafta, are going to do it. And blowing a hole in the Federal deficit ain’t likely to help. First take a look at the trade deficit as defined in the national income accounting sense (i.e., “net exports”), expressed as a share of GDP: Figure […]
E What’s Driving Growth In Online Video Advertising?
A few years ago, mobile advertising seemed to be one of the biggest challenges to advertisers with many struggling to monetize the huge traffic they received from their target audience. The likes of Alphabet’s (GOOG) (GOOGL) Google and Facebook (FB) were good examples as they failed to match their massive user-bases with monetization levels achieved […]
Innovate Or Die
Back in January 2007, Netflix announced a bold plan to bring internet video to television sets. At the time, few believed they would be successful, but such skepticism was nothing new. The “death” of Netflix was predicted first in late 2002, not long after its IPO. Wal-Mart was entering the DVD-by-mail business, and who could […]
Euro Surges As Draghi Reiterates Sintra Message, Tips ‘Autumn’
Clearly, the euro and in particular bunds didn’t get what they were expecting in the ECB decision (out as usual at 7:45 EST). It seems readily apparent that some folks were looking for a tweak in the language around the QE assessment. When they didn’t get it, the reaction in the single currency was perceptible, but the […]
Weekly Unemployment Claims: Down Another 15K
Here is the opening statement from the Department of Labor: In the week ending July 15, the advance figure for seasonally adjusted initial claims was 233,000, a decrease of 15,000 from the previous week’s revised level. The previous week’s level was revised up by 1,000 from 247,000 to 248,000. The 4-week moving average was 243,750, […]
The Stock Whisper Of The Day: T, ERIC, NVDA
Hot stocks of the day: T, ERIC, NVDA Video length: 00:03:57
Dollar Firming Up
With both Japan and Europe out of the way, the Forex markets have moving fractionally to offer the US dollar a little strength. Of most interest to me is the Yen, which itself is off by about a quarter of a percent, which is letting gold slip away from all that overhead supply it has. […]
