Disney Tumbles After Bob Iger Cuts Outlook
Once upon a time, Disney used to be the hedge fund world’s media darling. Not today, however, when at the BofA Media Communications Conference in New York, Disney CEO Bob Iger slashed the company’s outlook and said earnings in 2017 will be “roughly in line” with last year, sending the stock tumbling as much as […]
Euro Higher Despite ECB
The Euro remained close to a 2 ½ year peak against the US Dollar after the European Central Bank reaffirmed its current monetary policy. As expected, interest rates will be kept at their current ultra-low; Mario Draghi, President of the ECB, also kept the door open for more Quantitative Easing, if the economic situation warranted. Draghi […]
EUR/USD Bullish Momentum Break Tests 1.21 Resistance Zone
EUR/USD 4 hour The EUR/USD broke above the resistance trend line (dotted red) yesterday during the European Central Bank (ECB) statement. Price could now be in an uptrend as indicated by the 3 wave structure (pink) or still making a larger ABC (red) correction within wave 4 (blue). 1 hour The EUR/USD could be resuming […]
U.S. Workforce Recovery
We’ve updated our monthly workforce analysis to include last week’s Employment Report for August. The unemployment rate ticked up to 4.4%, and the number of new nonfarm jobs (a relatively volatile number subject to extensive revisions) came in at 156K. The Unemployment Rate The closely watched headline unemployment rate is a calculation of the percentage of the […]
Gold Prices Surge As Fed Interest Rate Hike Prospects Fizzle
Gold prices pushed higher as deteriorating Fed rate hike prospects sank the US Dollar, boosting the appeal of the benchmark anti-fiat asset. The greenback fell to a 15-month low against an average of its top counterparts as the priced-in probability of a third increase in 2017 slipped to 22.6 percent, the lowest yet this year. Crude oil prices […]
EURUSD Daily Analysis – Friday, Sept 8
EURUSD broke above 1.2070 resistance, indicating that the uptrend from 1.1662 has resumed. Further rise could be expected and next target would be at 1.2165 area. Near term support is at 1.1979, followed by the bullish trend line from 1.1662 to 1.1823 now at 1.1915. As long as the trend line support holds, the uptrend will […]
WTI Crude Oil And Natural Gas Forecast – Friday, Sept 8
Video Length – 00:01:55 WTI Crude Oil The WTI Crude Oil market fell during most of the session on Thursday, but found enough support at the $48.50 level to turn around and form a hammer. Ultimately, it looks as if we are going to continue to try to go towards the $50 handle, as hurricane […]
Stocks To Watch: URI, JEC, ARRS
Today’s stock picks Long United Rentals (URI) Long Jacobs Engineering Group (JEC) Short Arris International (ARRS)
Sensex Opens In Green; Biocon Surges 4.7%
Asian stock indices are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.38% while the Hang Seng is up 0.59%. The Shanghai Composite is trading up by 0.33%. Wall Street ended flat yesterday as media stocks slumped while healthcare gained. Back home, share markets in India have opened the day on a positive note. The BSE […]
