Shares of Facebook, Inc. (FB – Free Report) finally bounced back after three weeks of turmoil. The company’s shares popped on investors’ confidence, which was reinstated following the testimony by the company’s CEO Mark Zuckerberg, in front of Congress on Tuesday. The social media giant has been embroiled in a data misuse scandal that affected personal information…
Nearly two years ago four factors were influencing the energy market and specifically the price of oil. Oil inventory in the U.S. hit a record high The price of crude (West Texas Intermediate or WTI) reached a post-financial crisis low Rotary oil rig count hit a record low of 404 The trade-weighted value US Dollar…
Month-over-month the CPI fell 0.1%. Year-over-year, vs. easy comparisons, the CPI rose 2.4%. Treasury reaction: big yawn. A decline in gasoline prices pushed the Consumer Price Index Survey into negative territory for March. CPI Month-Over-Month Key Points The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.1 percent in March on a seasonally adjusted basis after…
It’s been a rough couple of months for Bitcoin, Ethereum, and Ripple, but we’re slowly starting to see an upswing in value compared to the major crash that we saw at the beginning of the year. Experts are divided, however, on whether the currencies will ever truly bounce back. Hindsight is 20/20, and many are keenly aware…
Although sterling traded higher against the greenback today, we believe that it is vulnerable to further weakness as U.K. data worsens. Industrial production rose only 0.1% in the month of February and manufacturing production fell -0.2%. Although the trade deficit narrowed, the decline in exports and imports reflects weakness rather than strength. All of…
The EUR/USD is getting comfortable in a range, but it may not stay that way. When the pair chooses a direction, it may be to the upside. The Technical Confluences Indicator shows that the EUR/USD has lots of support on the downside and not so much resistance to the upside. There is a definite congestion of support…
A short-term uptrend is struggling to emerge. The sellers seem done for now, but there just aren’t enough buyers willing to step in yet. Yesterday, the PMO Index turned up nicely, and the number of new 52-week lows was at a harmless level. Both are bullish signals. But there are so few new 52-week highs,…
If there’s anything the ruble (which is more “beleaguered” than Jeff Sessions after a Trump Twitter tirade) did not need after plunging 9% this week following fresh U.S. sanctions it was, well, a Trump Twitter tirade. But when it rains it fucking pours and the Kremlin is quickly discovering that unless this is all part of…
Facebook Inc. (FB) operates a social networking website worldwide. The Company’s products for users are free of charge and available on the Web, mobile Web, and mobile platforms, such as Android and iOS. Its website enables users to connect, share, discover, and communicate with each other. The Facebook Platform is a set of tools and…
Euro has rallied nearly 1.4% after rebounding off key confluence support last week and the medium-term outlook remains weighted to the topside while above the April open. The advance is approaching some near-term resistance targets that may offer a pullback in price- here are the levels to know. EUR/USD DAILY PRICE CHART Technical Outlook: In this week’s Technical…
