E Implications Of February ISM Manufacturing PMI Data On U.S Jobs And GDP
By John Benjamin If investors were looking for another reason to be bullish on the U.S. dollar and the Fed rate hike, then last week’s ISM manufacturing data was another reason. The Institute for Supply Management reported last Wednesday that the headline PMI index rose to the highest levels since August 2014 at 57.7 in […]
E EURUSD Intraday View
EUR/USD did not change much since yesterday, so our view remains the same; we see a three wave move in wave 2 which structured a flat correction which suggests a sharp fall in the very near-term. Ideally market will fall strongly as next big leg down can be even wave 3 based on higher time […]
AVEO Pharmaceuticals (AVEO) Q4 Earnings: What’s In Store?
AVEO Pharmaceuticals, Inc. (AVEO – Free Report) is expected to report fourth-quarter 2016 results this month. The company has an impressive track record for the last four reported quarters having beaten estimates on three occasions and meeting expectations in one with an average positive surprise of 17.56%. In the last reported quarter, AVEO posted a positive surprise […]
New Home Sales Stalling Again?
About once a quarter, we calculate the market capitalization for the U.S. new home market, where we multiply the number of reported new home sales each month by their reported average sale prices. Once we have those figures, we calculate trailing 12 month average of these market cap figures to account for annual seasonality in […]
GBP/USD At The Lowest Since Mid-January – 3 Reasons
Pound/dollar is trading at 1.2207, the lowest level since January 17th. At that time, the US dollar was at its strongest and Theresa May laid out her Hard Brexit vision. The pair was trading at the 1.24 handle and a bit around this level for a few weeks but has deteriorated to lower ground. What is […]
Sensex Stays Flat; Metal Stocks Tank
After opening the day on a flat note, share markets in India have remained range bound and are trading marginally below the dotted line. Sectoral indices are trading on a mixed note with stocks in the consumer durables sector and stocks in the power sector leading the gains, while stocks in the metal sector are trading in red. The BSE Sensex is trading down by […]
French Elections 2017: Trade The Uncertainty, Not The Outcome
Francois Fillion in meeting for the primaries of the political party Les Republicains. If there’s one thing that Brexit and the U.S. elections have shown, the only certainty, at least in the current global landscape is uncertainty. Opinion polls have continued to shift back and forth, and so far, the major narrative has been that […]
EUR/USD Reaches Fibonacci Of Wave-B In Consolidation Zone
EUR/USD 4 hour The EUR/USD indeed bounced at the resistance trend line (red) but the reaction has been mild and choppy, which makes an expanded correction within waves Y (green/blue) likely. A break above resistance (red) could see price move higher to test the Fibonacci levels of wave 2 (purple) but a push above the […]
Health Insurance Innovations Leads Top Upgrade List
For today’s edition of our upgrade list, we used our website’s advanced screening functions to search for UPGRADES to BUY or STRONG BUY with complete forecast and valuation data. They are presented by one-month forecast return. Health Insurance Innovations, Inc. (HIIQ) is our top-rated upgrade this week and it is a STRONG BUY. Our other […]
RBA Sits On Its Hands – AUD/USD Rises
The Reserve Bank of Australia left the interest rate unchanged at 1.50% as widely expected. And also the accompanying statement seems somewhat unchanged. While they do mention that a stronger A$ could complicate matters, this is the same text that we have seen beforehand. Among the positive notes: the economy is doing OK and stronger global […]
