Markets Prepare For Fed Hike
■ Feb Nonfarm reports 235K jobs added to U.S. economy, but market expected more ■ Hawkish Draghi comments aid EUR/USD to highest since Feb, at 1.07 ■ Higher bond yields drag S&P500, Dow, NASDAQ to losses ■ Oil prices slide 9.3% weekly on crude buildup A tense trading week ended with upsized volatility on Friday, […]
E Is Gold Pricing In A Hawkish Fed ‘Dot Plot Chart’?
The Fed’s dot plot chart released in December said the central bank could hike rates three times in 2017. Just three weeks back, no one thought the Fed would hike rates in March. However, the consensus still existed back then that the Fed would hike rates three times in 2017. But most experts believed the […]
Yahoo Names Thomas Mcinerney As CEO Following Close Of Verizon Deal
Shares of Yahoo (YHOO) are in focus in early trading after the company unveiled its executive team that will remain after its core assets are sold to Verizon (VZ). EXECUTIVE TEAM: In a regulatory filing this morning, Yahoo said that board member Thomas McInerney will serve as the company’s chief executive officer when the Verizon […]
CAC 40, Gold And The French Elections
The French elections are less than a month away, and so far, the uncertainty is just increasing by the days, which likely to lead to higher volatility ahead. The recent polls show that the nationalist Marine Le Pen is promising to hold a referendum on taking France out of the Euro. Investors are focusing on […]
EC Raising Interest Rates Can’t End Well
The Federal Reserve would like to raise target interest rates because of inflation concerns and concern that asset bubbles are forming. Part of the concern seems to be rising oil prices, compared to their low level in early 2016. A finite world does not behave the way most modelers expect. Interest rates that worked perfectly […]
SNAP=Short Now And Profit
I’m a chartist, so I don’t normally make a habit of shorting stocks that have just a few days of historical data. I made an exception for SNAP, however, since everything – – everything!! – – about this company screams “ridiculous overvalued bubble”, including, but not limited to, Evan Spiegel’s smug little cleft-chinned face on every magazine cover […]
A Preview Of What Tiffany, Oracle And Williams-Sonoma Will Report In Thier Quarterly Reports This Week
3 notable companies report earnings this week – retailer Tiffany & Co. (NYSE: TIF), technology company Oracle Corporation (NYSE: ORCL), and consumer goods company Williams-Sonoma, Inc. (NYSE: WSM). Written by Timothy McIntosh (TheDividendManager.com) 1. Tiffany & Co. (NYSE: TIF) Tiffany & Co. will report earnings before the opening bell on Friday, March 17. The jewelry company […]
US Dollar: Failed At Resistance; Needs To Hold Support
US $ Index 4-hour View [last 101.26]:Nope. The dollar index could not get through the 102.26 area defined as key resistance. Now breaking lower in what could be a multi-day move lower. We are now labeling the rally as a zig-zag corrective pattern in place, now in minor [c] of 2 lower… watching for support in the […]
WTI Crude Oil And Natural Gas Forecast – Monday, March 13
WTI Crude Oil The WTI Crude Oil market rallied at the beginning of the Friday session, but found the $50 level to be too resistive. That’s not a huge surprise, as it is a large, round, psychologically significant number and of course have been supportive in the past. The fact that we fell late in […]
Zomato Looks Unimpressive And Precarious
Photo Credit: Vernon Chan/Flickr.com The foodtech market in India once attracted considerable funding as it was considered promising. However, the market has now become overcrowded and price wars as well as weak logistics and delivery infrastructure are taking a toll on the industry. In 2016, over 37 foodtech startups in India shut down while nine were acquired. Former Billion […]
