Why Gold Is A Sure Thing In 2017 (SPONSORED POST)
TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. As Trump sets out to ‘make America great again’, gold is back on everyone’s radar, gaining on widespread uncertainty and promises of high-level inflationary infrastructure spending. For our favorite precious metal, this is […]
Forget A Rate Hike, REITs Thrive Throughout Earnings Season
If anticipations of a March rate hike amid the hawkish comments of several Fed officials have made investors in the REIT space jittery, then this is the right time to think again. This is because the fourth-quarter 2016 performance of REITs highlights strength and stability amid an improving economy. According to a NAREIT Media release, occupancy rates […]
Morning Call For Tuesday, March 7
OVERNIGHT MARKETS AND NEWS Mar E-mini S&Ps (ESH17 -0.18%) this morning are down -0.15% and European stocks are down -0.14% as weakness in metals prices undercuts mining stocks and raw-material producers. Apr gold (GCJ17 -0.09%) is down -0.15% at a 2-1/2 week low as expectations mount for a Fed rate hike at next week’s FOMC meeting, and May copper (HGK17 -0.57%) is down -0.60% at a […]
No Trouble In Little China And Nothing Doing In Oz
It was a relatively quiet overnight session on the news front, although you wouldn’t know it from the number of Bloomberg e-mails in my inbox. China’s FX reserves “unexpectedly” rose in February although I’m not entirely sure why everyone is using the term “unexpectedly” here. Have you heard much lately about the yuan? No? Exactly. […]
Quiet Markets But A Busy Calendar Ahead
Yesterday and this morning, the market is calm with most pairs relatively unchanged from yesterday. Overall, we have seen some USD weakness following the rate hike confirmation form Fed’s Janet Yellen in March. Obviously, as there is not much more to speculate, investors have decided to books some of the profits they made buying the USD for months. Today is another […]
AUD/CAD ElliottWave Intraday View
Short term #Elliottwave structure of AUD/CAD from 3/1 peak (1.025) looks to be showing an impulse structure with a nice 5 waves subdivision where Minuette wave (i) ended at 1.0198, Minuette wave (ii) ended at 1.0235, Minuette wave (iii) ended at 1.0115, Minuette wave (iv) ended at 1.0147, and Minuette wave (v) ended at 1.0098. We can also […]
Delta’s Gloomy Forecast And Travel Ban Worries Send Airline Stocks Lower
Delta Air Lines, Inc. (DAL – Free Report) on Monday lowered its performance estimates for the first half of 2017, and now its stock is down 3.41% to $48.40 per share through early afternoon trading. Stocks of other big U.S. airlines have also experienced some turbulence on the back of the Delta news, high oil prices, and […]
Technically Speaking: Beware The Ides Of March
The month of March typically marks the beginning of Spring. This weekend will also mark the loss of an hour of sleep as we set our clocks forward an hour in observance of daylight savings time. As we will discuss momentarily, the month of March begins following an unseasonably warm winter period that allowed for […]
Futures Decline, Europe Slumps After German Industrial Orders Collapse
After a turbulent overnight session on Monday morning, this morning traders settle at their desks to find a relatively calmer environment, with US equity futures down 0.2% to 2,371.75, while European stocks fell for a third consecutive day, and Asian markets which closed mixed (China up, Nikkei down, MXAP up 0.2%). Basic metals continue to […]
Sensex Finishes Flat; BSE Metal Index Down 1.8%
Indian share markets finished the trading day well below the dotted line. At the closing bell, the BSE Sensex closed lower by 49 points, whereas the NSE Nifty finished lower by 17 points. The S&P BSE Midcap finished down up 0.1% while the S&P BSE Small Cap ended flat. Losses were largely seen in metal sector, auto sector, and healthcare sector. Asian equity markets finished mixed as of […]
