Category Archive: Entertainment
Empire State Manufacturing: Expansion Continues
This morning we got the latest Empire State Manufacturing Survey. The diffusion index for General Business Conditions continued expanding at a stronger pace from the previous month. The headline number rose 4 points to 10.2, up from 6.2. The Investing.com forecast was for a reading of 11.1. The Empire State Manufacturing Index rates the relative level of general […]
ECB Says May Buy Gold, Stocks Next, Admits “Not Sure If Japan’s QE Has Worked”
While it remains to be seen if a majority of the Swiss population want their central bank to purchase a whopping 1,500 tons of gold in the coming years, perhaps the most notable event for gold overnight (aside from news that while India exports fell 5% in October, gold and silver imports soared by 280% […]
Morning Call For Nov. 17, 2014
OVERNIGHT MARKETS AND NEWS December E-mini S&Ps (ESZ14 -0.28%) this morning are down -0.27% and European stocks are down -0.23% as world equity markets retreated on concern over global growth after Japan Q3 GDP unexpectedly contracted for a second quarter, a sign of recession. U.S. stocks recovered from their worst levels on increased M&A activity after Halliburton agreed to buy […]
TheFashion.com Raises €1.3M For Expansion In Europe
TheFashion.com, launched in July, recently closed a €1.3 million round of funding to expand in Europe. It plans on adding Sweden, Germany and the Netherlands to its list of countries, which currently include Denmark and England. The investment came from Copenhagen-based North East Venture Capital and Vækstfonden (Danish Growth Fund). North East Venture Capital has previously invested in both Iconfinder and Rushfiles, making […]
Japan Announces New Recession, At This Important Price Point
CLICK ON CHART TO ENLARGE The worlds third largest economy announced overnight that it was slipping into recession shares CNBC this morning. (see article here) This new appears to have surprised a few people and raises some questions if policies of devaluing the yen by Prime Minister Shinzo Abe, might not be working as planned. From […]
Obama’s Peculiar View Of Economics And Law
President Obama has a peculiar approach to public policy. Listen to what the radical left wants, or political expediency requires, then make up the facts, twist economics and rewrite the law to suit. Here are four examples. 1. Obamacare When the president shaped the Affordable Care Act, the country needed to provide health care coverage […]
EUR/USD Forex Signal For November 17, 2014
EUR/USD Signal Update Last Thursday’s signals were not triggered as the price did not reach either 1.2400 or 1.2500 during that day’s London session. Today’s EUR/USD Signals Risk 0.75% Trades must be made before 5pm London time. Short Trade 1 Short entry following bearish price action on the H1 time frame immediately following the next touch […]
Japan Shocks, BOE Warns, Europe Prepares
The US dollar is mostly higher to start the week, with two exceptions. The first is the yen. The unexpected contraction in Q3 GDP triggered a stock market slide (Nikkei off 3%, giving back around 40% of this year’s gains) and spurred a dramatic short-covering squeeze in the yen after the greenback first pushed briefly through […]
Japan: Recession
Econintersect: Japan has entered its second recession in three years, its fourth in the last six years and its fifth of the 21st century. GDP contracted by 0.4% in the third quarter (-1.6% annual rate), following a decline of 1.9% in the preceding quarter (-7.3% annual rate). Reuters had reported an expectation for a gain of […]
Minor Gains Continue As Semiconductors Shape Handle
While I’m late with this weekend’s update there was very little to add from Thursday. Best of the action remains in the Semiconductors, which is shaping a solid handle in preparation for a possible break higher (ignore the ‘Death Cross’ between 20-d and 50-d MAs – this is now a ‘Golden Cross’). I don’t think […]
