In the world of metals, silver is a unique one. It is cheaper than gold, platinum, and palladium. At the current price, you can buy an ounce of silver with about $16. On the other hand, you need more than $1,000 to buy the other three metals. Therefore, in the metals market, participants have christened…
Rendezvous with crucial long-term support. Source: INVESTING.com
Spanish stocks and the euro fell, while Spanish government bond yields hit their highest levels in over a month after Catalan secessionists delivered an unexpected blow to the government of Spanish PM Rajoy by winning the Catalan regional election. Meanwhile across the Atlantic, U.S. equity futures and the dollar rose on the last trading session…
It’s falling apart for Bitcoin. Depending on what exchange you’re looking at, Bitcoin prices fell as low as $12,160-ish overnight, a near 40% drop from the highs hit last weekend ahead of the CME futures launch: The declines come at the end of a week that saw bitcoin cash surge after Coinbase announced support for BCH, a…
Jefferies analyst Andy Barish downgraded Shake Shack (SHAK) to Underperform with an unchanged price target of $36. The stock closed yesterday up 7c to $46.20. The analyst still believes in the long-term growth opportunity for Shake Shack, but thinks much of that is already discounted in the current valuation. He sees the company’s traffic…
As the calendar flips to January, the only thing outnumbering New Year’s resolutions will be everyone’s predictions about the future. And nowhere is the prediction mania more pronounced than in the technology sector. From mainstream sources like CNN to the geeks-only EDN Network, everyone is cranking out his or her list of the top technologies…
Bitcoin cash (BCH) was the shining star earlier in the week when Coinbase included it in its exchange. Now it seems to be one of the biggest losers in the dive of digital currencies. Why are they falling? BCH/USD dipped under a level of support but managed to bounce back in an erratic session. Nevertheless,…
Good day traders! NZD/USD can be trading in final stages of a bigger five-wave move. We see four of five needed legs fully unfolded, so current rally that is in progress, away from 0.6953 level can be final leg five. This leg must also unfold five minor waves, for a full completion. Ideally swing high…
When the NFIB Small Business Optimism reading for December 2016 was announced in January, the December reading jumped 7.4 points to 105.8. At that time the optimism reading was the fifth highest reading recorded by NFIB. Prior instances of strong optimism readings were followed by positive stock market returns in the subsequent twelve months. NFIB’s Small Business…
Gold prices ended Thursday slightly higher after a quiet session. XAU/USD tested the resistance in the $1271-$1269 area but it was unable to break through. As a result, the market retreated to the $1265 level. In economic news, the Commerce Department reported that gross domestic product expanded at a 3.2% annual rate in the third…
