EUR/USD: Bullish But With Caution
EURUSD: Although EURUSD remains biased to the upside, we envisage a move lower on correction in the new week. Support lies at the 1.1300 level. Further down, support lies at the 1.1250 level where a violation will aim at the 1.1200 level. A break of here will aim at the 1.1150 level. Conversely, on the […]
Britain Boosts Minimum Pay For Millions
David Cameron promised and David Cameron delivered. Last year, the British Prime Minister told his people that “Britain deserves a pay raise.” And indeed, on Friday, more than a million British workers were given an increase in their pay as a higher minimum wage came into force. The British Chancellor of the Exchequer George Osborne […]
IMF’s Christine Lagarde: “When The World Goes Downhill, We Thrive”
When we wrote earlier that based on a leaked Wikileaks transcript, which the Greek government interpreted “as revealing an IMF effort to blackmail Athens with a possible credit event to force it to give in on pension cuts which it has rejected“, the article promptly went viral. While it remains to be determined if the IMF indeed […]
Four Best Biotech Stocks Of The First Quarter Of 2016
If u soar high and high, what happens? You come tumbling down. The same holds true for the biotech sector which had a hellish second-half 2015 after a heady bull run. And the picture of the first quarter of 2016 is no different either with the Nasdaq Biotechnology Index declining 20.4% year to date. Biotech majors like […]
Forex Forecast: Pairs In Focus – 4/3/2016
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Are America’s Workers Playing Hard To Get?
Penelope Pussycat might not be the most iconic of Generation X cartoon characters, but she does stand alone in her capacity to confuse. Penelope, a lovely black and white fluff ball of a cat, had a seemingly inescapable penchant for finding herself the unsuspecting wearer of an unnatural and very skunk-like white stripe. A stripe […]
BlackBerry Ltd See Trucks As Next Source Of Revenue
By Aman Jain BlackBerry (BBRY) in its quest to reinvent itself, is looking for new sources of revenue as it may be considering shutting down the hardware business altogether. The Canadian firm now intends to develop a tracking system for the logistics industry that it hopes will make it profitable once again. Searching for more revenue streams On […]
High Flying Hang Seng Masks Underlying Fundamental Weakness
The ongoing massive deleveraging and re-leveraging scheme happening across mainland China and Hong Kong has sent waves through global financial markets as participants grow increasingly wary of the possibility that Asia will be the catalyst that tips the world into a recession. In Hong Kong in particular, pessimism is widespread, especially with the property […]
Job Numbers Better Than Expected, GBP/USD Rebound Expected
The Non-Farm Payroll numbers reported on Friday showed a growth of 215,000 workers over the last month following a gain of 245,000 in February. The report also showed that the economy was improving slowly and was pulling many Americans into the workforce albeit at part-time jobs. A separate poll of households showed the jobless rate […]
Tesla Shares Rise After Model 3 Announcement
Last week, Tesla (TSLA) shares rose higher by almost 4% after the company unveiled its Model 3 electric car. In a presentation Thursday night from CEO Elon Musk, the electric car maker announced the Model 3, which will sell for $35,000 before incentives, which will be the cheapest an electric car has ever retailed. Tesla […]
