Bitcoin neared $10,000 on Tuesday, trading at $9,887.69 as of 1:45 p.m. HK/SIN, as traders eyed another record high. Many analysts believe that the surge in the cryptocurrency’s price was prompted by the recent announcement that CME Group, the world’s biggest derivatives exchange operator, would soon start offering bitcoin futures. The buying frenzy increased last weekend…
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Tuesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Tronox (TROX) Long Expedia (EXPE) Short Bank of the Ozarks (OZRK)
Crude oil prices turned lower, snapping a four-day winning streak. The move precedes an OPEC meeting in Vienna this week. That is expected to produce an extension of the cartel-led output cut scheme expiring in March and outline an exit strategy for eventually unwinding it. Still, with prices near a two-year high before key event risk, some protective…
New home sales rose sharply again for the second consecutive month. After rising more than 18% in the month of September 2017 over August (subsequently revised down to 14%), sales rose another 6% month-over-month in October. At a seasonally-adjusted annual rate of 685k, that’s the highest pace for any month going back exactly ten years…
EUR/USD 4 hour The EUR/USD uptrend is probably in a wave 5 (purple) of a larger wave 1 (pink). The 5th wave managed to reach 1.1960 but missed the 1.20 round level by a little bit. Price could still reach this resistance level later this week by extending wave 1 but eventually a correction within wave…
The just released data for October 2017 is preliminary, but if it holds, the average sales price of a new home in the United States exceeded $400,000 for the first time. The average new home sale price spiked upward by $19,100 in October 2017 to reach a new record value of $400,200. At the same time, the…
Eurointelligence has some interesting commentary regarding FDP’s decision to back out of coalition talks with Angela Merkel. Let’s tune in. We noted a week ago that the decision by the FDP to pull out of the Jamaica-coalition talks has strengthened the party. The latest poll, by Civey, shows a continuation of that trend. The FDP…
Holy smokes! I was in the Reno, Nevada Best Buy (BBY) the day before Black Friday and I couldn’t believe my eyes. Stacked to the ceiling were piles of 65 inch 4k ultra smart LED HDTV’s priced at only $799.99. That is $300 off the regular price. I paid $4,000 for one of these four years…
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium were down four and nine cents, respectively, from last week. According to GasBuddy.com, Alaska has the highest average price for Regular at $3.21 and San Francisco, CA is the most expensive city, averaging…
