Category Archive: Finance
USD/CAD: Air Pocket Into 1.2130 But Some Profit-Taking On Shorts First
Dollar/CAD is trading under 1.24 ahead of the BOC decision. The team at TD sees a big air pocket on the way down. Here is their view, courtesy of eFXnews: TD FX Strategy Research notes that the focus this week for CAD traders shifts from data to policy, with the BoC meeting Wednesday. “We believe […]
E OncoSec Raising Its Profile In Fight Against Cancer
OncoSec Medical (ONCS) is a biotechnology company based out of San Diego, California. It harnesses the body’s own immune system to fight off and kill cancer. The company accomplishes this through its ImmunoPulse IL-12 technology. This type of technology helps the company to boost local delivery and enhance the uptake of DNA based therapeutics. IL-12 […]
US Trade Deficit Rises In July, Beats Estimates As Oil Imports Slide
The US trade deficit widened in July, growing by 0.3% from a downward revised $43.5 billion to $43.7 billion, and beating expectations of $44.7 billion, as exports decreased more than imports. The goods deficit decreased less than $0.1 billion in July to $65.3 billion. The services surplus decreased $0.2 billion in July to $21.6 billion. […]
The Stock Whisper Of The Day: HAL, XLE, XLP, AMD
Hot stocks of the day: HAL, XLE, XLP, AMD Video length: 00:04:02
In Harm’s Way
The strongest hurricane ever recorded in the Atlantic is promising catastrophic destruction for everything in its path. Hurricane Irma’s impact of financial and commodity markets could be far reaching and we offer prayers for everyone who is harm’s way. To add to the oil market worries, we now have Tropical Storm Katia that has formed […]
USD: 3 Reasons For Further Broad USD Weakness Vs. EUR & JPY
The US dollar is slipping against both its major peers, the euro and the yen. What’s next? The team at Nomura sees further weakness. Here is their view, courtesy of eFXnews: Nomura FX Strategy Research continues to believe that the broad trend in the USD will be lower. Nomura outlines 3 key reasons behind this view. “1- The […]
Gold: Five Waves Up
Gold short-term Elliott Wave suggests that the rally from 8/15 low is unfolding as a zigzag. The first leg Minor wave A is subdivided as an impulse. Minute wave ((i)) of A ended at 1300.83, Minute wave ((ii)) of A ended at 1274.45, Minute wave ((iii)) of A ended at 1326, and Minute wave ((iv)) of A ended […]
Exxon Mobil Upgraded To Neutral From Sell At UBS
UBS analyst Jon Rigby upgraded Exxon Mobil to Neutral and raised his price target for the shares to $76 from $75. The oil giant closed yesterday up 61c to $77.18. The shares have underperformed both the company’s domestic and international peers in 2017, Rigby tells investors in a research note. He expects oil prices to […]
Duke Energy: A Perfect Stock For Conservative Investors
Are you looking for a solid stock with predictable returns? Are you a conservative investor who is not looking for a lot of risk? Then Duke Energy (NYSE: DUK) is the perfect stock for you. As a utility company, Duke Energy has everything going for it. They have made strategic moves that have paid off and […]
USD/JPY And AUD/USD Forecast – Wednesday, Sept. 6
USD/JPY The US dollar fell significantly against the Japanese yen, as we continue to see volatility overall. I think that there is a significant amount of support at the 108.50 level though, and it is the bottom of a larger consolidation area. That being said, if we break down below that level, and then I […]
