EUR/USD The EUR/USD pair had a very volatile week, and I believe that will continue to be the case. However there is an uptrend line just below that could offer support from time to time, so therefore I am looking to buy this market when I get a chance. Supportive candles will be opportunities to…
Monday: Services and Composite Purchasing Managers’ Indices will be released globally. September’s Consumer Price Index data will be released in Russia, where the analyst consensus is for it to stabilize at a level of 15.8%. Tuesday: August Factory Orders data will see light in Germany, with an optimistic analyst consensus expecting a 0.5%…
Albertsons Supermarket IPO Aims To Raise $1.9 Billion The second largest grocery store chain in the US, Albertsons, is preparing to launch its IPO on the New York Stock Exchange. As of this moment, Albertsons plans on offering 65.3 million shares between $23-26 per share. There is also an additional 9.8 million shares set aside…
Fidelity Select Multimedia Portfolio (FBMPX – MF report) a Zacks Ranked #2 (Buy) was created in June 1986 and is managed by the Fidelity Group. The objective of FBMPX is to seek capital appreciation. FBMPX normally invests a large chunk of assets in common stocks of companies principally engaged in the development, production, sale, and…
The Hang Seng Index operates as a free-float, cap-weighted index with a wide selection of prized companies from the Hong Kong Stock Exchange. There are 4 indices within the Hang Seng and these include: Properties, Commerce & Industry, Utilities and Finance. The index was opened with a base level of 100 over 50 years ago….
GBP/JPY: The cross may remain weak and vulnerable to the downside but could head higher while holding above the 180.22/33 support area. Bull pressure is envisaged above that zone. On the downside, support comes in at the 181.00 level where a violation will aim at the 180.00 level. A break below here will target the…
Friday’s US jobs report combined with the September FOMC decision has significantly altered market expectations for the timing of the first hike by the Federal Reserve. The Fed Funds futures implied probability of a 2015 liftoff has dropped below 30%. Source: barchart In fact the expected trajectory of the rate hike probability has shifted in…
And so the “most important payrolls number” at least until the October FOMC meeting when the Fed will once again do nothing because suddenly the US is staring recession in the face, is in the history books, and as previewed on Friday, at 142K it was a total disaster, 60K below the consensus and below…
Building a large commercial jet is an unbelievable undertaking. While jet orders ebb and flow with the health of the global economy, we believe the long-term demand trajectory is up and to the right, and the jet industry’s competitive dynamics will ensure Boeing (BA) remains a key player in the market for decades to come….
It’s been a harrowing 14 months for energy sector investors with almost every corner of this important area being under the pump. One such sector hit unnecessarily hard by the current downturn is the publicly traded master limited partnerships group (MLPs), particularly those owning and operating energy infrastructure assets. The Business of MLPs MLPs differ…
