Gold – Breaking Above 6-Year Falling Resistance
Below looks at the ratio of Gold compared to the US Dollar over the past 20-years. The ratio reflects that some long-term trends have taken place and the ratio is making an attempt to do something it hasn’t been able to accomplish in 6-years. The ratio broke above 6-year falling channel back in 2001 at […]
Starbucks To Acquire Remaining Shares Of East China JV For $1.3B
Starbucks announced entry into a definitive agreement to acquire the remaining 50% share of its East China business from long-term joint venture partners, Uni-President Enterprises Corporation and President Chain Store Corporation for approximately $1.3B in cash consideration in the largest single acquisition in the Company’s history. Starbucks will assume 100% ownership of approximately 1,300 Starbucks […]
Twitter Plunges After US Monthly Users Drop; Ad Revenues Tumble
There was some good news and a lot of bad news in the just released Twitter (TWTR) results. First the good news: the company reported Q2 Revenue and EPS of $573.9MM and $0.08, beating already depressed expectations of $537.2MM and $0.05. That was about it for the good news. Now the bad: first, the company […]
GBP/USD Higher On Fed Outlook
The Pound Sterling earlier struck a 10-month peak versus the US Dollar, largely due to a weakened greenback after the Fed’s unexpected outlook on inflation. Yesterday, as largely expected, the Fed left the benchmark lending rate at the existing level; however, it’s inflation forecast was not as optimistic as it had been in the past. […]
UniCredit Says Hackers Stole 400,000 Clients’ Personal Loan Data
UniCredit announced it has been the victim of a security breach in Italy due to unauthorized access through an Italian third party provider to Italian customer data related to personal loans only. A first breach seems to have occurred in September and October 2016 and a second breach which has just been identified in June […]
US Dollar Eyes Quarles Hearing, Durables Data After FOMC-Led Drop
The US Dollar underperformed in Asian trade as regional investors took their turn to respond to what has been an FOMC policy announcement that the markets have interpreted as dovish. The Australian and New Zealand Dollars duly rose, reveling in support from yield-seeking capital flows as US Treasury yields edged down alongside the greenback. From here, a quiet European data […]
Bull Of The Day: Unilever
After many years of underperformance, emerging markets are shining in 2017. We can see signs of improving economic growth in many parts of the developing world. This rebound has benefitted multinational giants that derive a significant portion of their sales from emerging markets. About the Company Headquartered in London, UK, Unilever PLC (UL – Free Report) is a multinational […]
Deutsche Bank Tumbles After Abysmal Trading Results
Deutsche Bank shares tumbled 4% on Thursday after reporting better than expected earnings, driven by provisions and dramatic cost-cutting, more than offset however by a sharp drop in overall company revenue which slumped to the lowest in three and a half years, as Investment Banking revenue slumped 16%, while FICC tumbled a whopping 12% Y/Y […]
Strong Buy Signal: EM Valuation Gap Vs. S&P 500
Given several years of diverging returns between U.S. and emerging market (EM) equities, it should come as no surprise that EM equities currently trade at a discount to U.S. equities. The size of that discount, however, is something that we feel is not being fully appreciated by many investors. As of June 30, the MSCI Emerging […]
USD, Gold & Interest Rates: A Triangle To Watch Out For
If you spend enough time observing the market you will realize that action and reaction cause most of market movements. If you take a closer look you will see that three names seem to always appear close to each other when you read your daily market news. The US dollar, better known to traders as USD […]
