Category Archive: Finance
USD/JPY: Threatens A Large Bearish Triangle; Bounce Temporary – Credit Suisse
Dollar/yen is trading around 109, leaning lower but maintains a safe distance from the critical 108.10 level. What’s next? The team at Credit Suisse sees downside pressure. Here is their view, courtesy of eFXnews: Credit Suisse FX Technical Strategy Research argues that USD/JPY bounces from current levels looks temporary, with resistance at 110.85/111.05 now ideally capping […]
Bluebird Bio Jumps After Gilead Buys Peer Kite Pharma
Shares of Bluebird Bio (BLUE) are up 6% in premarket trading to $104.00 after Gilead Sciences (GILD) announced an agreement to acquire Kite Pharma (KITE) for $11.9B or $180 per share. Juno Therapeutics (JUNO) is up 14% to $35.00 while Cellectis (CLLS) is up 8% to $27.18.
The Stock Whisper Of The Day: AAPL, TLT, IAU, X
Hot stocks of the day: AAPL, TLT, IAU, X Video length: 00:03:14
Oil And The Aftermath Of Hurricane Harvey
Unprecedented The Gulf Coast and Houston are in our prayers as they face unprecedented challenges in the aftermath of Hurricane Harvey. Hurricane Harvey, the strongest Texas hurricane in 50 years, brought record rainfall and unprecedented flooding. It may take years for the area to recover and it is going to be a historic challenge for […]
FX COT Update: Sterling Selling Pressure Resurfaces
EUR/USD Non-Commercials increased their net long positions in the Euro last week buying 9k contracts to take the total position to 88k contracts. While slightly down from recent highs, the EUR long position is being rebuilt heading into September as investors continue to anticipate a more aggressive winding down of QE by the ECB, to […]
Across-The-Board Gains For Major Asset Classes Last Week
Global markets posted gains in every broad category last week, based on a set of exchange-traded products. Leading the field higher: stocks in emerging markets, closely followed US real estate investment trusts (REITs). Vanguard FTSE Emerging Markets (VWO) topped the winners list for the second straight week. The ETF’s 2.7% gain lifted the fund to its highest […]
Amazon Slashes Whole Foods Prices As Much As 43%, Channel Checks Reveal
Following up on last week’s story that sent grocery – and Wal-mart – stocks tumbling, when Amazon announced it would cut Whole Foods prices as soon as Monday, Bloomberg reports that according to channel checks, “Amazon spent its first day as the owner of a brick-and-mortar grocery chain cutting prices at Whole Foods Market” by as much […]
GBP/USD Rides Higher On Soft Brexit, Unconvincing Fed
Is the UK getting closer to a softer Brexit? The government has already “climbed down” from a firm objection to having foreign courts making judgements on British matters. “Blurring the red lines” by the government has now been compounded with an end to ambiguity by the opposition. The Labour Party announced it is ending its […]
WTI Crude Oil And Natural Gas Forecast – Monday, August 28
WTI Crude Oil The WTI Crude Oil market had a very quiet session on Friday as the world waited to see what would happen with the hurricane in Texas. Because of this, I think that the next couple of sessions could be rather choppy, but I think that the $50 level above will offer resistance. […]
Monday, August 28 Outlook
We’ll be looking at the week’s key economic events on the financial calendar covering Monday to Thursday. This week starts off sluggish with significant economic event releases but heats up as it heads towards the second part with important GDP figures from the US and inflation from the EU. Friday is Nonfarm Payrolls and that […]
