Morning Call For March 30, 2016
OVERNIGHT MARKETS AND NEWS World equity markets are showing solid gains this morning on relief about Fed Chair Yellen’s dovish comments yesterday, which resulted in delayed expectations for the Fed’s next rate hike. The market is now discounting the chances for a June rate hike at only about 30% versus 50% last week. June E-mini […]
Dimension Therapeutics Downgraded To Neutral From Buy At Goldman
Goldman Sachs analyst Salveen Richter downgraded Dimension Therapeutics (DMTX) to Neutral saying other names in the sector offer better near-term opportunities. The analyst views Dimension as well-positioned in the gene therapy space, however. He lowered his price target for the shares to $10 from $12. Richter this morning also initiated SAGE Therapeutics (SAGE) with a […]
Gold Royalty Companies Continue To Progress
The large gold royalty companies remain among our top holdings, notwithstanding the high valuations and our comments on the overall gold market and short-term concern on the gold stocks. Osisko Gold Royalties Ltd. (OR:TSX, $12.90) (OKSKF) is all cashed up, as its two core royalties proceed well. It has about CA$650 million available for investments (of […]
Yellen Comments May Be A Blessing In Disguise For The US Dollar
The major currencies were little-changed against the US Dollar in overnight trade as markets digested the prior session’s volatility. The greenback fell by the most in two weeks against its top counterparts following comments from Fed Chair Janet Yellen that traders perceived as diminishing the scope for interest rate hikes in 2016. The priced-in probability for tightening at the […]
Fed Admits It Is The World’s Central Bank – Not Just The USA Central Bank
Janet Yellen signaled that the Fed is grappling with the problem I have been warning about; the dollar has become the de facto only real currency and the Fed is indeed becoming the world’s central bank. Yellen has admitted that the Fed is being lobbied by everyone to surrender its domestic policy objectives to international. This is […]
Japanese Industrial Production Crashes Most Since 2011 Tsunami
While we are sure this will not deter Japanese officialdom from declaring that QQE and NIRP is working and that the deflation-mindset is being beaten, the fact is that when February’s 6.2% collapse in Japanese industrial production is compared to the devastatingly poor plunge after March 2011’s quake, tsusnami, and nuclear ‘event’, something has gone disastrously […]
ADP NFP In Focus After Yellen Downs The Dollar
Fed Chair Yellen repeated a dovish stance, throwing away the hawkish notion some of her colleagues. The moves that began yesterday are intensifying in the fresh European session, with significant breakouts for AUD and NZD. Also EUR/USD is on the move as we get the German inflation numbers. The big U.S. release for today is […]
Gold Price Jumps After Yellen Dovish Remarks, Copper Price Slides
Crude oil prices cut losses late in New York session after data showed a smaller than expected build in crude inventories. The American Petroleum Institute published an inventory figure of 2.6 million barrels in the week to March 25, compared with 3.3 million barrels expected. Gold prices jumped to a daily high of $1243.1 after hitting a one-month low on Monday as buying interests returned after Federal Reserve […]
WTI Crude Oil And Natural Gas Forecast – March 30, 2016
WTI Crude Oil The WTI Crude Oil market fell during the course of the session on Tuesday, testing the $38 level. This is a level that is supportive, so if we break down below there I feel that the market will then reach towards the $36 level, possibly even the $34 level. A bounce from […]
5 Low-Cost ETFs Poised For Long-Term Wins
The global ETF industry has been growing by leaps and bounds and has already accumulated almost $4.5 trillion in assets, as per ETFGI data. ETFs gained popularity over mutual funds because of their flexibility, liquidity and low cost among other factors. In fact, low cost has been one of the biggest drivers for the ETFs, […]
