EUR/USD Drops Amid Paris Shootings
Despite a quiet day, stock markets managed to edge higher yesterday, however sentiment is fragile ahead of the Presidential elections this Sunday in France, and a shooting having taken place in Paris which ISIS claimed responsibility for, adding further uncertainty. Major events of the day: Eurozone PMIs will be released in European session today while UK […]
European, US Stocks In Eerie Calm As French Vote Looms
Global markets were oddly calm on Friday, the last day of trading before the first round of France’s closely fought presidential election, with European stocks posting modest declines ahead of Sunday’s main event, Asian shares rising, and set for first weekly gain in the past month, while U.S. futures were unchanged. French bond yields hit […]
It’s A Tough Life For OPEC!
The recent rally for crude oil, came to a shuddering halt this week with Wednesday’s wide spread down candle driving oil prices firmly back towards the $50 per barrel region, and wiping out much of the gains of the last few weeks. This was against the backdrop of the weekly oil inventories, and despite recording […]
EUR/USD, GBP/USD And EUR/CAD TA – April 21
EUR/USD intra-day analysis EUR/USD (1.0716): EUR/USD rallied to a fresh three week high yesterday at 1.0777 before giving up the gains towards the close. The single currency fell closer to the evening after news outlets reported a terrorist attack in France, just ahead of Sunday’s French elections. From a technical stand point, the failure to […]
Preqin: Another Net Outflow Year Underway For Hedge Fund Industry
In the February issue of its Hedge Fund Spotlight, Preqin looks into its crystal ball and tells us of its near term (2017) predictions for the hedge fund industry. The article begins with a simple observation: hedge funds saw net outflows of assets under management (AUM) in 2016. Likewise, 54% of all funds considered individually recorded net […]
EUR/USD And GBP/USD Forecast – Friday, April 21
Video length: 00:01:17 EUR/USD The EUR/USD pair rallied during the day on Thursday, breaking above the 1.0750 level. If we can break above the top of the candle for the session, I think that is a very bullish sign and should send this market to the upside, perhaps reaching towards the 1.08 level, and then […]
When The Wheels Stop Rolling
When it comes to new car sales, most Americans are payment buyers. We want a good deal, for sure, but we really need a car payment that fits our monthly budgets. That’s a problem, given that we also want premium brands, snazzy features, and, for many of us, hulking big machines that look like they’d […]
Friday Charts: Your Post-Tax Day Gift — And The Ugliest Earnings Streak In Tech
It’s Friday in the Wall Street Daily Nation. If you’re a newbie, that means I’m skipping the long-winded analysis. Instead, I’ll let some carefully selected graphics speak for me. We’re on the cusp of an earnings onslaught. Peak reporting season hits on April 27, when 72 S&P 500 companies report results. So I figured there’s no better […]
Stock Exchange: Long-term (Energy) And Short-term (Finance And Software)
Every trader has a method linked to a time frame. Our group has some new ideas, but the members are sticking to their guns on some positions. Long-term viewpoints emphasize an economic rebound, with materials and energy stocks leading. Short-term methods show opportunities in financial stocks and software. Review Our last Stock Exchange discussed contrarian trading – […]
UK Retail Sales Badly Disappoint With -1.8% – GBP Falls
Brexit is taking its toll. The weak pound results in higher inflation and Brits are buying less. Retail sales drop by no less than 1.8%, much worse than 0.2% expected. A small upwards revision for February is worth only 0.3%. Year over year, sales are up 1.7% half the 3.4% rise expected. Excluding fuel, sales are […]
