Gold Price Slumps On Hawkish Remarks From Fed Members, Oil Shrinks
The US dollar continued to bounce back due to risk-off sentiment and profit taking activities before the Easter long weekend. As a result, commodity prices lowered across the board. Oil prices sank after inventory data from U.S. Department of Energy showed a build of +9.36 million barrels for crude oil, much larger than the expected +2.48 million. This depressed prices further […]
Piper Reiterates Sell On PayPal With Apple Expanding Into Mobile Payments
Piper Jaffray analyst Gene Munster reiterates an Underweight rating on shares of PayPal (PYPL) after Re/code reported that it is likely Apple Pay (AAPL) will be made available for mobile in-browser payments by the end of the year. The addition of Apple Pay for mobile in-browser payments will represent the first overlap between Apple Pay […]
Dollar Continues To Recoup Recent Losses
A few short hours stand in the way of the long holiday weekend for many. The capital markets are retracing the recent moves. This means equities and commodities are lower. It means bonds are firmer and the dollar stronger. The markets response to the ECB and FOMC recent meetings was to extend trend moves. However, this entire […]
Financials – Interest Rates & Central Banks
It seems that, after all, the FED was a prognosticator on how best to save the US economy by using unconventional tools. At one point in time, we even thought the FED was playing Dr. Frankenstein by using quantitative easing (QE) to supercharge the stock market. While they could have created an unstoppable monster, it […]
China Sends Fed A Warning: Devalues Yuan By Most In 2 Months
With the USD Index stretching to its longest winning streak of the year, jawboned by numerous Fed speakers explaining how April is ‘live’ (and everyone misunderstood the dovishness of Yellen), it appears that The PBOC wanted to send a message to The Fed – Raise rates and we will unleash turmoil on your ‘wealth creation’ […]
UK Retail Sales Beat Expectations – GBP Recovers
Some good news for the pound: retail sales dropped only 0.4% in February in the headline figures. Core sales also beat by sliding only 0.2% instead of 1%. Year over year, retail sales rose 3.8% as expected but core sales beat with 4.1%. GBP/USD was already front running the release and extends the recovery in […]
E Should Wabtec Continue To Pursue Faiveley Transport?
Wabtec WAB is a leading provider of equipment and services to the global rail industry. Its topWAB line growth has been anemic amid a slowing global economy. The company’s Q4 revenue only grew 1% Y/Y, yet the company trades at 20x earnings. To spur the top line it has been making smaller, bolt-on acquisitions. In […]
Gilead Weakened After Loss To Merck In HCV Dispute
Merck might be one step closer to Bogarting a sizeable piece of the HCV market. Tuesday, a federal jury upheld the validity of Merck’s MRK HCV patents in its dispute with Gilead GILD. A jury has decided that Merck’s 2002 patents related to sofosbuvir are valid, lending credence to Merck’s argument that Gilead is infringing […]
EUR/USD Forex Signal For March 24, 2016
EUR/USD Signal Update Yesterday’s signals were not triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken between 8am and 5pm London time today only. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1068 and 1.1035. * Put […]
T2108 Update – A Sinking Feeling
T2108 Status: 81.6%T2107 Status: 39.3%VIX Status: 14.9General (Short-term) Trading Call: cautiously bullishActive T2108 periods: Day #29 over 20%, Day #28 over 30%, Day #25 over 40%, Day #22 over 50%, Day #18 over 60%, Day #17 over 70%, Day #15 over 80% (overbought) Commentary The market momentum I described in the last T2108 Update titled […]
