AUDUSD continued its sideways movement in a trading range between 0.7635 and 0.7694. The sideways movement is likely consolidation of the uptrend from 0.7501 and a breakout of 0.7694 could take price to 0.7800 area. On the downside, a breakdown below 0.7635 support could bring the price back to next support level at 0.7580. Below…
According to a Newzoo report, the global gaming market grew 7.8% to $108.9 billion in 2017 driven by a 19% growth in gaming on mobile devices. Recently, San Diego-based gaming company Razer, a proud member of the Billion Dollar Unicorn club, went public on the Hong Kong Stock exchange. Razer’s Offerings Razer was founded in 2005 by Min-Liang Tan and…
This is a good looking chart: As you can see, that’s Long Island Iced Tea Corp., and as the company name suggests, they make iced tea. Or at least they used to. Here’s what they were doing as of Q3 (from their 10-Q): During April 2017, the Company expanded its brand to include lemonade. Lemonade…
Retail stores have been disappearing from the U.S. economy in 2017. What does it mean for the gold market? Writing about the retail apocalypse during Christmas time may be a bit odd, but the numbers do not lie. From January to September 2017, 6,752 locations, excluding grocery stores and restaurants, were scheduled to close. It’s…
To find the market’s biggest weakness, a good place to look is at the most crowded movie theater with the smallest exit. European bonds. You’ve probably seen the charts of European high yield floating around, so I won’t reproduce it here. Yields in the low 2s for BB credits. There was also a European corporate…
Early in the week, anxiety over a government shutdown appeared to ebb as the short-term Treasury Bill market began to ‘normalize’, but following the tax-reform ‘win’, President Trump is accusing Democrats of trying to force a government shutdown… House Democrats want a SHUTDOWN for the holidays in order to distract from the very popular, just passed,…
In 1988, the UK magazine, The Economist forecast that 2018 would be the year of a new currency which they named the Phoenix. Quite a mind boggling prediction 30 years ago really, especially since 2018 in fact looks like a year when a major currency upheaval could take place. For conspiracy theorists, the Economist’s owners…
In its November report, mortgage security firm Freddie Mac called 2017 the “best year in a decade” for the housing market by a variety of measures. These include low inflation, strong job growth, and historically-low mortgage rates. This assessment is very encouraging, not just for homebuyers and builders and the U.S. economy in general, but also for…
In their third and final estimate of the US GDP for the third quarter of 2017, the Bureau of Economic Analysis(BEA) reported that the US economy was growing at a +3.16% annual rate, down -0.14% from the previous estimate and up +0.10% from the prior quarter. All of the revisions to the data could arguably be…
BlackRock Inc. (BLK – Free Report) had a total of $5.7 trillion assets under management as of Jun 30, 2017, across equity, fixed income, cash management, alternative investment, real estate and advisory strategies. It caters to institutional, intermediary and individual investors through a wide range of products and services. It offers a total of 619 funds. BlackRock…
