IPO Review: Snapchat (SNAP)
All the kids are raving about Snapchat (SNAP) and so were investors in advance of the company’s IPO which occurred earlier this month. For those who are unfamiliar with Snapchat, it is a mobile app that allows you to send videos and pictures, both of which will self destruct after a few seconds of a […]
Asian Markets Follow Wall Street’s Mixed Performance
U.S. stocks traded relatively flat on Monday and Asian stocks seemed to echo the sentiment on Tuesday. The S&P traded in its tightest range so far this year on Monday, as traders sat to the side while waiting for the Federal Reserve to being its two-day policy meeting today. Approximately 6.18 billion shares changed hands […]
Trade Growth Confirms Stronger Economies In U.S. And China
The U.S. Census Bureau’s data for goods and services exported to the U.S. from China and from the U.S. to China in January 2017 suggests that both economies are growing much more strongly than they were a year earlier. At least, that’s what is suggested by the sharp rise in the exchange-rate adjusted year-over-year growth […]
Post-NFP AUD/USD Rebound Eyes 0.7600 Hurdle Ahead Of FOMC Meeting
Currency Last High Low Daily Change (pip) Daily Range (pip) AUD/USD 0.7588 0.7592 0.7531 47 61 AUD/USD Daily Chart – Created Using Trading View AUD/USD extends the advance following the U.S. Non- Farm Payrolls (NFP) report, with the pair at risk for a larger recovery as the 0.7500 (50% retracement) handle offers near-term support; however, the string […]
EURUSD To Get More Clarity After FOMC & Dutch Elections
The euro has been consolidating near a 15-year low with the first two months of the year showing no major movements in the currency pair. While there are significant fundamental risks to the single currency in the form of the elections in Europe this year, the euro has been so far muted. However, this is […]
Charles Schwab Launches A Human/Robo Hybrid Advisor Service Dubbed “Schwab Intelligent Advisory”
Charles Schwab Corp (NYSE:SCHW) just launched a new offering for investors that hopes to capitalize on the rising trend of automated investments while still retaining the old school touch of human advisors.
GBP/USD Falls As Brexit Lands In May’s Hands
Brexit is almost here. The British government led by Prime Minister Theresa May now has the authority to trigger Article 50 of the Lisbon Treaty, notifying the European Union that Britain is leaving. The Brexit Bill was returned to the House of Commons with amendments from the House of Lords. These were related to sensitive issues: the […]
Gold Declines On Stronger Dollar
Gold prices dropped $1.7 an ounce yesterday as a stronger dollar and gains in equity markets weighed on the metal and investors awaited outcome of the Federal Reserve’s policy meeting. Fed officials will update their forecasts for the growth, unemployment and inflation, and Chair Janet Yellen is scheduled to give a post-meeting press conference. The […]
Stock TA Keeps Diverging While Large Caps Hold Strong
Stock TA Diverging Hard from Market Price Action The price action is dull in the overall market, and while the price on the indices still hovers at the all-time highs, the TA of stocks (technical analysis) continues to falter under the surface. Breadth is dismal, and without a catalyst to continue pushing the market higher […]
Low Oil Prices Continue To Decimate Saudi Arabia’s Currency Reserves
The low oil price continues to wreak financial havoc on the largest oil producer in the Middle East. While the Mainstream press has published articles forecasting a rebound in Saudi Arabia’s financial outlook, due to higher oil prices this year, it seems like the Kingdom’s problems are just beginning. In order to make up for […]
