U.S. futures and European stocks are modestly lower, following a mostly green Asian session, amid growing jitters over today’s 2 pm announcement by President Trump in which he will unveil the fate of the Iran nuclear deal. Ahead of Trump’s much anticipated announcement this afternoon, it has been a case of sell the rumor and the news…
The US dollar’s surge continues. The Dollar Index is testing the space above 93.00. A month ago it was below 90. It does not appear to require fresh developments. The market continues to trade as if there are short dollar positions that are trapped at higher levels and the briefest and shallow pullbacks are new opportunities…
Takeda Pharmaceutical (TKPYY) and Shire (SHPG) announced that they have reached agreement on the terms of a recommended offer pursuant to which Takeda will acquire the entire issued and to be issued ordinary share capital of Shire. Under the terms of the acquisition, each Shire shareholder will be entitled to receive $30.33 in cash for…
The risk of a national recession beginning in the United States anytime in the next year from 4 May 2018 through 4 May 2019 is virtually unchanged from the 0.6% reading we obtained just three weeks ago. In fact, the main reason we’re even bringing it up so soon is that we’re trying to get back to…
USD/CAD is facing 1.2917 resistance, a breakout of this level could signal resumption of the uptrend from 1.2526, then next target would be at 1.3000 area. Key support is at 1.2803, only a breakdown below this level would indicate that the upside movement is complete, then the pair would find next support level at 1.2600.
Tuesday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Texas Instruments (TXN) Long ServiceNow (NOW) Short Huntington Bancshares (HBAN)
Tuesday’s swing-trades: Take a look at three trading ideas to prep you for the next trading session. Long Texas Instruments (TXN) Long ServiceNow (NOW) Short Huntington Bancshares (HBAN)
We are on the last leg of first-quarter earnings season. Per the latest Earnings Preview, already 409 S&P 500 members have reported financial results and the overall performance reflects many positive signs, buoying optimism among investors. The latest earnings scorecard highlights 24% increase in total earnings on 9.3% higher revenues. The beat ratio has been impressive…
The stock market and economy move in sync over the medium-long term. That’s why it’s extremely important to understand the state of a nation’s economy. Is the economic data improving or deteriorating? Let’s take a look at U.S. economic data as of May 2018. Unemployment The U.S. Unemployment Rate continues to fall and trend downwards….
Gold prices ended a two-sided trading session slightly lower on Monday as the U.S. dollar advanced against the euro after a report showed that German factory orders dropped. XAU/USD initially made a move towards the $1320 level but the Ichimoku cloud on the H4 chart acted as resistance as expected and sent prices down. Major…
