Signs Of Bullish Hope – Weekly Market Outlook
Despite the bearish start to the week on Monday and a bearish initial response to Friday morning’s employment report for September, the bulls managed to reversal course Friday afternoon to hammer out a big gain for that day and even a small gain for the week. A couple of the key indices even managed to […]
GBP/USD Sees Bear Threats, Targets The 1.5166/33 Zone
GBPUSD: GBP faces downside pressure following its rejection candle print on Friday. This was formed after unsustained rally and the pair looks to weaken further having given away most of its intra day gains during Monday trading session. It looks to take out the 1.5166/33 zone, its strong support. If this occurs, further weakness is […]
Peter Merrigan | Taurus Bought The Townhomes of Beverly
The Townhomes of Beverly apartment in Beverly, MA is under new ownership, and reconstruction is on the way. Completed in 1971, the community is located less than one-third of a mile from Route 128 via Exit 19 and roughly one mile from the Montserrat MBTA station. The community will also soon sit adjacent to North […]
MS Boosts TSLA Price Target To $465, Days After Underwriting Stock Offering; Sees Tesla Bigger Than Ford And GM
The last time Morgan Stanley made a mockery of Reg-S, was in February 2014 when a day before Tesla announced a $1.6 billion convertible offering Morgan Stanley’s Adam Jonas raised his PT on TSLA from $153 to $320, sending the stock soaring and assuring far less convertible dilution on the day of pricing. Fast forward 1.5 […]
After This, Higher Education Will Never Be The Same Again
I’ve been a long-time financial supporter of my alma mater. Even though I philosophically disagree with some of the positions of the administration, there’s never been a doubt that I’m a Georgetown Hoya through-and-through. My education while on campus, both in and out of class, was top-notch. It gave me a base to build on […]
Turmoil In Emerging Markets: The Czech Republic
Although the currency war has followed in depth the major players over the last few years, emerging markets are under substantial pressure to perform. Loose monetary policies fed much of the gains witnessed in emerging markets as foreign direct investment dominated the investment scene, chasing after higher yields available in less developed markets. However, now […]
Morning Call For August 17, 2015
OVERNIGHT MARKETS AND NEWS September E-mini S&Ps (ESU15 -0.08%) are down -0.08% as weaker oil prices (CLU15 -1.53%) undercuts energy producers and leads the overall market lower with Chevron down -1.3% in pre-market trading. European stocks are up +0.42% after Chinese stocks closed higher and as Greek stocks rose after German Chancellor Merkel said she’s […]
Futures Flat As Oil Drops To Fresh 6 Year Low; EM Currencies Crumble Under Continuing FX War
It was a relatively quiet weekend out of China, where FX warfare has taken a back seat to evaluating the full damage from the Tianjin explosion which as we reported on Saturday has prompted the evacuation of a 3 km radius around the blast zone, and instead it was Japan that featured prominently in Sunday’s […]
EUR/USD Slips During Friday Trading Session
The EUR/USD pair initially tried to rally during the course of the day on Friday but found the 1.12 level be a bit too resistive. Because of this, it looks like we’re going to continue the overall consolidation that we have been in for some time. The 1.12 level is the top of a large […]
