It’s time again for my weekly gasoline update based on data from the Energy Information Administration (EIA). Rounded to the penny Regular dropped 13 cents and Premium 12 cents. Regular is now at its lowest price since October 2009. Will the price decline in gasoline boost discretionary spending during the holiday season? Stay tuned! According to GasBuddy.com, Hawaii…
Tomorrow, Germany’s Constitutional Court will rule on a major tax case that could devastate German business owners. There was no estate tax in Germany so businesses could pass from one generation to the next intact. That may all come to an end tomorrow. The country’s constitutional court will decide whether families can continue to transfer companies…
OVERNIGHT MARKETS AND NEWS March E-mini S&Ps (ESH15 -0.67%) this morning are down -0.18% and European stocks are down -0.35% at a 1-3/4 month low on Chinese economic concerns after a gauge of Chinese manufacturing activity contracted for the first time in 7 months. Losses were limited after Eurozone Dec manufacturing activity expanded at the fastest pace in 5 months…
Mr. Market can be an emotional fellow at times, confusing and confounding the casual observer who tries to make sense out of market action that can appear nonsensical at times… right now, for instance. Indeed, the US stock market has been tumbling since its Dec. 5 peak – a slide that’s unfolded amid an impressive…
Waste Management (WM) has increased its dividend payments each year since 2003. The company is the largest publicly traded waste management company, with a market cap of $22 billion. The company’s largest competitor is Republic Services (RSG) which has a market cap of about $14 billion. Waste Management was founded in 1968 and is currently…
For those wondering if the CBR’s intervention in the Russian FX market with its shocking emergency rate hike to 17% overnight calmed things, the answer is yes… for about two minutes. The USDRUB indeed tumbled nearly 10% to 59 and then promptly blew right back out, the Ruble crashing in panic selling and seemingly without any CBR market…
Just FYI, a little exercise on some financial topics. By Google Trends at least, the stage is setting up for a contrarian, counter-trend bounce in precious metals and commodities in 2015. The stock market data is interesting as well in that nobody has really taken an interest in stocks throughout the massive bull market; though…
EUR/USD Signal Update Yesterday’s signals were not triggered and expired. Today’s EUR/USD Signals Risk 0.75% Trades must be made before 5pm London time. Short Trade 1 Go short after bearish price action on the H1 time frame immediately following the next touch of 1.2503. Place the stop loss 1 pip above the local swing high. Move…
Samsung (SSNLF) has discussed a deal with a payments startup that would help the smartphone maker unveil a wireless mobile payments system in 2015 to rival Apple, according to multiple sources. The technology would allow people with certain Samsung phones to pay in the vast majority of brick-and-mortar stores by waving their phones instead of swiping…
The US dollar’s recent losses against the euro and yen have been extended. Oil prices continue to swoon, and the price of Brent oil has fallen below $60, and WTI approached $54. While most emerging market currencies are higher today, a notable exception is the Russian ruble. Very early Tuesday in Moscow, the central bank hiked the…
