If u soar high and high, what happens? You come tumbling down. The same holds true for the biotech sector which had a hellish second-half 2015 after a heady bull run. And the picture of the first quarter of 2016 is no different either with the Nasdaq Biotechnology Index declining 20.4% year to date. Biotech majors like…
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to…
Penelope Pussycat might not be the most iconic of Generation X cartoon characters, but she does stand alone in her capacity to confuse. Penelope, a lovely black and white fluff ball of a cat, had a seemingly inescapable penchant for finding herself the unsuspecting wearer of an unnatural and very skunk-like white stripe. A stripe…
By Aman Jain BlackBerry (BBRY) in its quest to reinvent itself, is looking for new sources of revenue as it may be considering shutting down the hardware business altogether. The Canadian firm now intends to develop a tracking system for the logistics industry that it hopes will make it profitable once again. Searching for more revenue streams On…
The ongoing massive deleveraging and re-leveraging scheme happening across mainland China and Hong Kong has sent waves through global financial markets as participants grow increasingly wary of the possibility that Asia will be the catalyst that tips the world into a recession. In Hong Kong in particular, pessimism is widespread, especially with the property…
The Non-Farm Payroll numbers reported on Friday showed a growth of 215,000 workers over the last month following a gain of 245,000 in February. The report also showed that the economy was improving slowly and was pulling many Americans into the workforce albeit at part-time jobs. A separate poll of households showed the jobless rate…
Last week, Tesla (TSLA) shares rose higher by almost 4% after the company unveiled its Model 3 electric car. In a presentation Thursday night from CEO Elon Musk, the electric car maker announced the Model 3, which will sell for $35,000 before incentives, which will be the cheapest an electric car has ever retailed. Tesla…
A good bit has happened over the last couple of weeks. The S&P 500 (SPY) staged a sharp recovery from February closing lows due to repeated Central Bank actions during the month as well as an expected reflex rally fueled by short-covering. On a short term basis, the technical backdrop has improved markedly, but was it…
Fundamental Forecast for Gold:Bullish Gold Dip Holds Key 1230 Price Gold Price Jumps and USD Slides after Dovish Signal from the Fed Gold prices traded higher this week, with the precious metal advancing 0.58% to trade at 1256 ahead of the New York close on Friday. Despite broader strength in the U.S. equity market, gold maintained…
Monday: March Monetary Base data will see light in Japan, currently indicating a 29% annual growth rate. In Spain, March Unemployment data will see light. February’s Factory Orders data will be released in the US, followed by the final estimate for February’s Durable Goods Orders. Tuesday: February Factory Orders data will be released in Germany. In…
