EUR/USD is falling day after day, Where will it end? Is it ready to rise? Here is their view, courtesy of eFXdata: Credit Agricole Research discusses EUR/USD outlook and thinks that the cross is inching closer to an attractive medium-term buying opportunity as positioning looks to be shifting towards balanced territory. “Looking ahead, in our view,…
Argentina once again seeks help from the IMF following yesterday’s 40% interest rate hike. Last year, Argentina was a favorite destination for investors. This year, Argentina is facing yet another currency crisis. A run on the Peso started last month as investors soured on the country. To combat the run, the Argentine central bank hiked rates…
The banking system is inefficient in its current state as it requires the use of multiple third-party verifications and transferring services in order to complete a transaction. Blockchain can alleviate the need for these organizations and provide the world with a viable solution to the inherent problems facing the banking community. Blockchain is transforming the way in which…
President Trump Will Decide On Iran Deal On Tuesday The S&P 500 was up 0.34% on Monday and the Russell 2000 was up 0.89%. There was a modest pullback in the afternoon which some blamed on Trump’s tweet which stated he will announce his decision on the Iran deal at 2:00 PM today. If you think the President will continue…
I completely understand the confusion regarding bank reserves. I really do. It’s easy to believe they are money because that’s what you’ve been taught from Day 1. Not only that, the same message is carelessly reinforced in the media every single time QE or any LSAP is referenced. Bank reserves are the aftermath of money…
I completely understand the confusion regarding bank reserves. I really do. It’s easy to believe they are money because that’s what you’ve been taught from Day 1. Not only that, the same message is carelessly reinforced in the media every single time QE or any LSAP is referenced. Bank reserves are the aftermath of money…
Yesterday when I was doing my live Tastytrade show, I pulled up the XOP and noticed that it was in a shooting star formation. I mentioned off-handedly that “one day does not a trend make”, but I felt it was worth noting (and I mentioned this with similar words in my post last night here). You can…
With Fed Chair Jay Powell implying that ’emerging markets are on their own’, it appears the collapse of Argentina’s currency has sent them running into the arms of The IMF to secure a bailout. Bloomberg reports that Argentina is said to have negotiate a $30 billion credit line with The IMF. This report follows Argentine President Macri addressing…
Shares of Ionis Pharmaceuticals (IONS) and its majority-owned spinout Akcea Therapeutics (AKCA) are sliding after the Food and Drug Administration posted its briefing document ahead of Thursday’s meeting to discuss the latter’s volanesorsen. The internal review reflected deep concerns about the safety of the drug. INTERNAL REVIEW: An FDA panel posted its briefing document ahead…
Top tickers for midday: GE, CTL, C, MU, AAL, TAHO, OCLR, SNAP, FLEX.
