Time Warner Tumbles After AT&T CFO Questions Timing Of Deal
AT&T stock is rallying and Time Warner is falling following remarks by AT&T’s CFO John Stephens regarding “uncertainty” about the timing of the deal between the two companies, citing ongoing DoJ discussions. AT&T stock is rallying and Time Warner is falling following remarks by AT&T’s CFO John Stephens regarding “uncertainty” about the timing of the deal […]
A Further Boost To The UK Services Sector, But Will It Last?
The UK’s workforce has undergone a number of significant changes over the years, not least of which has been the drastic shift away from manual labor jobs like manufacturing, mining, and quarrying in favor of an ever-increasing focus on services. In fact, figures released by the Office for National Statistics earlier this year showed that the services […]
The VIX Index And A Brief History Of Volatility Trading
With so much interest in VIX linked Exchange Traded Products (ETPs) like VXX, XIV, and SVXY, etc., I thought it might be worth putting some of these products into context, and explain why their growth might have less to do with volatility trading and more to do with a unique facet of the VIX index. […]
Fed Watch: Ushering In A New Era
Last week, President Trump announced his appointment for the next Federal Reserve (Fed) chair, current Fed governor Jerome Powell. The news was widely telegraphed, and the bond market barely felt a ripple as a result. However, earlier this week, another revelation regarding Fed leadership made headlines, as current N.Y. Fed president William Dudley announced his plans to […]
Litecoin Price Breaking Out Of A Resistance Area
Litecoin Price broke out of the important resistance area represented by the top of the triangle formation where the price was evolving since Litecoin price’s all time high end of August. This could be a false Breakout so investors and traders need to watch the price movement in the next 48 hours for confirmation. Today was […]
DXY Index Carving Out Sideways Range During Quiet Week
Video length: 00:09:48 The US Dollar (via DXY Index) is trading right back to its weekly open, as a lack of clear drivers on the calendar leaves the greenback waiting for catalysts to cross the news wires. The greenback isn’t alone in this endeavor, as neither the British Pound nor the Canadian Dollar nor Euro have data releases due out that […]
GBP/USD To 1.25 During The Next 6 Months – BNPP
GBP/USD has been hit by the BOE but has not gone too far. The pair still maintains the range. What are the long-term prospects for the pair? Here is their view, courtesy of eFXnews: BNP Paribas Research discusses GBP outlook in light of last week’s BoE policy decision. “We expect growth in the UK to slow materially […]
USD Remains Firm As Fed On Track For December Rate Hike
US GDP was higher than expected in Q3, printing 3% against expectations of 2.7%, remaining broadly unchanged over the year so far at 3% in Q1 and 3% in Q2. This latest reading comes despite the economic destruction caused during a particularly harsh US storm season over August and September. The damage caused by the […]
Plug Power Inc Q3 2017 Earnings Send Its Stock Lower
The Plug Power Inc (PLUG) Q3 2017 earnings results were released before opening bell, and the company posted adjusted losses of 4 cents per share on $61.43 million in revenue. Analysts had been expecting losses of 4 cents per share on $54.57 million in sales. In last year’s third quarter, Plug Power reported adjusted losses of […]
Snap Downgraded To Sell From Neutral At UBS
UBS analyst Eric Sheridan downgraded Snap (SNAP) to Sell and cut his price target for the shares to $7 from $12 following last night’s Q3 results. The camera company is down 19%, or $2.88, to $12.24 in premarket trading. In a post-earnings research note titled “SNAP Crackle Flop,” Sheridan says he finds it very […]
