Oil Prices Hold Steady While Markets Search For Direction
Oil prices remained fairly stable during Tuesday’s Asian session, with both Brent crude and U.S. WTI crude down 0.1 percent each. Brent crude traded at $55.94 per barrel, down 7 cents per barrel, while U.S. WTI crude traded at $53.17 per barrel, down 3 cents per barrel. Despite OPEC’s commitment to cut production and its […]
USD/CNH Patterns To Watch After China Talks 2017 Goals
Yuan Rates USDCNH Daily Prepared by Michael Boutros. USDCNH cleared a multi-week consolidate range last week with the rally breaking through down-trend resistance extending off the yearly high and the 61.8% extension of the advance off the yearly low at 6.8736. Note that the move was accompanied by a resistance trigger-break in momentum and keeps the focus […]
Pepsi Lays Off 20% Of Its Philadelphia Workers, Blames Soda Tax
Two weeks ago, we pointed out that when Philadelphia became the first US city to pass a soda tax last summer, city officials were eagerly looking forward to the surplus-tax funded windfall to plug gaping budget deficits (and, since this is Philadelphia, the occasional embezzlement scheme). Then, one month ago, after the tax went into effect on January […]
AUDNZD, EURGBP And GBPUSD TA – Tuesday, March 7
AUDNZD intra-day analysis AUDNZD (1.0875): The Australian dollar is seen some strong gains this morning following the RBA’s rate decision. The Kiwi, on the other hand, is trading subdued with data from earlier this week showing weaker dairy prices. On the hourly chart on AUDNZD, price action has formed a doji near the top end […]
Lisa M Jones’ Q4 Stock Picks: NVIDIA Corporation, Micron Technology, Inc., And Apple Inc.
Hedge fund manager Lisa M Jones is the CEO and President of the $28.42 billion Pioneer Investment Management fund. In Q4 she demonstrated a bullish attitude towards NVIDIA Corporation (NVDA) and Apple Inc.(AAPL), but 13F forms filed with the SEC reveal that she slashed the fund’s shares in semiconductor Micron Technology, Inc. (MU). Jones is ranked #63 […]
USD/CAD Momentum Takes A Pause Despite Hawkish Outlook
With the US Bureau of Labor Statistics on deck later this week for upcoming nonfarm payrolls, only one obstacle still remains in the Federal Reserve’s way when it comes to adjusting rates at the upcoming FOMC Meeting. In keeping with the Federal Reserve’s dual mandate, the Central Bank targets maximum employment alongside medium-term inflation of […]
The Next Domino To Fall: Commercial Real Estate
Just as generals prepare to fight the last war, central banks prepare to battle the last financial crisis–which in the present context means a big-bank liquidity meltdown like the one that nearly toppled thr global financial system in 2008-09. Planning to win the next war by assuming it will be a copy of the last […]
E Hartstreet LLC: Possible Acquisitions In The Permian
Concho recently stated there was little acreage in the Permian to acquire at a reasonable price. This shows that operators are focusing on the area, due to very good well results and a stacked payzone. We believe consolidation will continue. The upcoming driving season may push Permian operator valuations higher, and this could also increase […]
Above The 40 – SNAP To Reality
AT40 = 52.7% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 65.2% of stocks are trading above their respective 200DMAsVIX = 11.2 (volatility index)Short-term Trading Call: neutral Commentary Here we go again. Divergence is rearing its head again and bringing a dose of reality to the setup for the S&P 500 (SPY). The index […]
The Inflation/Deflation Barometer
One of the biggest questions investors have is what type of environment are stocks and the economy in, deflation or inflation? Knowing the answer to that question can give you a heads up on what different sectors to invest in and what sectors to stay away from. I would like to update some of the […]
