Welcome to the travel edition of the Samadhi Brief…Contributing Authors: John Freeman, Fred McClimans TRIP up on M&A Buzz Travel site TripAdvisor (NASDAQ:TRIP) closed yesterday’s trading session +6.1% after news came out that its Chairman, Greg Maffei, touted M&A attractiveness as a basis for the stock having limited downside. Potential suitors listed were Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN), and…
Short term Elliottwave view in Crude Oil (CL_F) suggests that the instrument is currently correcting cycle from 11/14/2016 low (42.21) in 3, 7, or 11 swing before the next leg higher. Revised view suggests the decline starting from 1/3 high (55.24) is unfolding as a Flat Elliottwave structure where Minor wave A ended at 50.71 and Minor wave B ended at…
A week ago, after nine Fed officials had spoken, the market widely expected Yellen and Fischer to confirm that the table was set for a rate hike later this month. They did, and the dollar and US interest rates fell. Now, after a strong ADP jobs report (298k), everyone recognizes upside risk to today’s national report,…
Gold markets fell initially during the day on Thursday, testing the $1200 level. This is an area that I think will offer quite a bit of interest though, mainly because of the psychological significance. However, I do recognize that the 50-day exponential moving average is just below, and because of this am waiting to see…
Previous: Trading on the euro on Thursday closed up. After Draghi’s press conference, the euro restored to 1.0615. The head of the ECB gave the impression that the regulator may not need to provide any further stimulus for the revitalisation of the European economy. The ECB left its monetary policy unchanged and maintained its monthly…
Another big day is ahead of us as we all wait for a confirmation of a possible rate hike during the Federal Reserve meeting in March. All eyes today are headed toward the US Jobs Report, which will be released at 13:30 GMT+, where the Non-Farm Payrolls, Unemployment Rate, and the Average Hourly Earnings will…
Another big day is ahead of us as we all wait for a confirmation of a possible rate hike during the Federal Reserve meeting in March. All eyes today are headed toward the US Jobs Report, which will be released at 13:30 GMT+, where the Non-Farm Payrolls, Unemployment Rate, and the Average Hourly Earnings will…
The basic laws of physics have seemingly ceased to exist in Australia…water is no longer wet, the sky is no longer blue and home prices are not in a “speculative bubble,” at least according to some conflicted commercial banking executives who are massively long Australian housing. Testifying before a parliamentary committee, the chief executives of…
With all eyes focused on today’s release of US labor data, the US Dollar firmed against the Japanese Yen and touched on a 6-week peak. Analysts expect that the greenback is poised for a modest gain for the week, provided that the NFP data meets or exceeds expectations. Hopes for an upbeat report have been…
After endless woes, the U.S. stock market revived over the last eight years – and how! While all the three major indices – S&P 500, Dow Jones Industrial Average and Nasdaq – more than tripled scaling multiple highs in recent months, Nasdaq has won the maximum in the eight-year bull run, gaining about 361% since…
