EUR/USD And GBP/USD Forecast – Wednesday, July 26
EUR/USD The EUR/USD pair initially when higher during the session on Tuesday, but turned around at the 1.17 level to form a shooting star. I believe that part of this is driven by profit-taking ahead of the FOMC Statement and of course the interest rate decision, but I think that this could be a bit […]
D.R. Horton Q3 Earnings & Revenues Beat Estimates
D.R. Horton, Inc. (DHI – Free Report) came up with yet another stellar show in the third quarter of fiscal 2017. Both earnings and revenues beat the Zacks Consensus Estimate courtesy of a solid housing market scenario. The Texas-based homebuilder’s order trends remained strong in the quarter. Earnings & Revenue Discussion The company reported earnings of 76 cents […]
I Reduced My Long Exposure Some Yesterday
Yesterday’s rally didn’t quite seem there was a great deal of conviction behind it. Perhaps with the Fed set to release its FOMC Statement today, we’ll get the market to provide us with a decent size move. Over the past four trading sessions, the market has been rather quiet. But by decreasing my portfolio just […]
Billion Dollar Unicorns: Ticket Monster To Invest In Groceries
South-Korea based mobile e-commerce marketplace Ticket Monster has the distinction of being acquired by two Billion Dollar Unicorns LivingSocial and then Groupon, both of which spun it out. Today, Ticket Monster continues its journey as an independent Billion Dollar Unicorn in this highly competitive market. Ticket Monster’s Journey Ticket Monster (TMON) was founded in 2010 by Hyun-sung […]
IMF Ups China’s Growth Expectations, Cuts US Forecasts
The International Monetary Fund (IMF) has revised its China’s GDP growth forecast for 2017 and 2018 to 6.7% and 6.4% respectively. This is up from an upgrade made in April to 6.6% and 6.2%. China’s growth is expected to continue to be a key driver for a firming recovery of the global economy. Their World […]
U.S. Dollar; Triple Support Test After Rare 30-Week Decline
From 2011 to the start of this year, the US Dollar has been pretty strong, as it rallied nearly 30% in 6-years. Over the past 30-weeks, King Dollar has been rather weak. Below is a chart for the US Dollar over the past 18-years, with 30-week performance applied. CLICK ON CHART TO ENLARGE King Dollar […]
Blue Chip Stocks In Focus: IBM
Blue chip stocks are generally associated with quality. They may not be the most exciting stocks to buy, but their strong business models and consistent dividends make them very rewarding to own over the long-term. For these purposes, the term ‘blue chip’ refers to stocks that have paid a dividend for at least 100 years, […]
Ford Motor Company 2Q 2017, Boeing 2Q 2017 Earnings Released
Ford (F) 2Q 2017 earnings and Boeing 2Q 2017 earnings were released before opening bell this morning. Ford reported adjusted earnings of 56 cents per share on $39.85 billion in revenue, compared to the consensus estimates of 43 cents per share and $37.3 billion. In last year’s second quarter, the automaker reported $39.5 billion in […]
Investors Expect The Fed Representatives’ Comments
Yesterday there was an increase in demand for the American currency against the background of the release of positive statistics and growth in the US government bonds yield. In July, the consumer confidence index increased by 3.2% to 121.1. Experts expected the indicator at the level of 116.5. The 10-year US bonds yield rose sharply […]
‘It’s A Coiled Spring!’: Trader Sees ‘Immediate Rally’ In ‘Beleaguered’ Dollar
You need to understand something this morning. Namely that former trader and self-described “permabull” Mark Cudmore is calling for “an immediate rally” in the dollar. As you’re probably aware, the dollar is a lot like Jeff Sessions – “beleaguered.” And what’s funny is, both the dollar and Sessions are “beleaguered” for the same fucking reason: […]
