The European Central Bank currently buys 60 billion euros a month of debt, of which about 50 billion euros is from the public sector and 7 billion euros is corporate. Covered bonds and asset-backed securities make up the rest. Monthly purchases are scheduled to drop to 30 billion euros in January, opening the prospect of…
After a quiet overnight session, the price of Brent Crude spiked following news of an explosion at a Libyan crude oil pipeline that feeds the Es Sider sea terminal – home of the largest oil depot in Libya – a source from the Libyan National Army told The Libya Times Tuesday. The blast happened near…
Every New York stock exchange trading day I’m posting a daily dividend stock review. I’ll share the two chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success. This week’s slot in the Safari portfolio is reserved for the financial services…
Apple (AAPL) shares are weaker as U.S. investors return from the long holiday weekend after a Taiwanese newspaper report said the tech giant is trimming its first-quarter sales forecast, according to Bloomberg. Adding to the caution are analysts following suit, reportedly due to worries about demand for the high-end iPhone X. ANALYSTS, APPLE SAID TO…
The struggles of traditional retailers have been well-documented, and basically no mall-based chains have been immune to the industry-shifting changes in consumer shopping habits. Nevertheless, some companies have adapted better than others. American Eagle Outfitters (AEO – Free Report) is one of those companies. American Eagle Outfitters is a specialty retailer of casual apparel, accessories, and footwear for men…
Welcome to the other side of Christmas mayhem, everyone. Now that it’s over, I trust you are just as excited to start celebrating Kwanzaa as I am. There’s not a heck of a lot to say on this quiet, semi-holiday morning. In the world of equities, the ES is barely changed, but the NQ is…
As markets approach the end of an extremely successful year, each of the major benchmarks is nearing ever-new milestones. Currently up more than 25% year to date, the Dow is on course for its best yearly performance since 2013. If the blue-chip index maintains its current trajectory and gains more than 26.5%, it will have…
In the start of today’s trading, and with the markets back to work after the holidays,gold had a better chance in achieving more gains, reaching to $1279 an ounce, the highest price for the metal in 3 weeks. Gold is moving within an upward channel, as shown on the daily chart, but within tight ranges,…
When it comes to the stock market, the period before and after Christmas has historically been a great time of year to be long equities. After all, the term Santa Claus Rally didn’t just come up out of nowhere. Recently, though, not so much. Despite being in one of the longest and strongest bull markets…
USD/JPY The US dollar initially tried to rally during the Friday session, but turned back around to form and exhaustive candle. The market looks likely to roll over at this point, but I think that the 112-level underneath is massively supportive, and I think the 111 level after that as supportive. Given enough time, it’s…
