EUR/USD The EUR/USD pair finally broke down below the 1.09 level, which is what I thought needed to happen in order for the pair to fall further. It appears that people don’t trust the whole “solution”, as we have seen this time and time again. With this, I feel that this pair is looking to…
Gold Fields Limited (GFI – Snapshot Report) has announced its production and cost guidance for the second quarter of 2015. The company expects the second quarter to be better than the previous one. Gold Fields estimates attributable gold production in the second quarter to be about 535,000 ounces (oz) compared with 501,000 oz in the first quarter. All-in…
The global capital markets have entered a new phase. The transition has partly been obscured by the crisis in Greece and the sharp fall in Chinese shares. It is the policy response to those events that are key. Similarly, the policy response to Great Financial Crisis differed, so it is hardly surprising that after a lag,…
By Carly Forster Earnings season is in full swing on Wall Street as stock giants including Apple Inc. (AAPL), GoPro Inc (GPRO), Amazon.com, Inc. (AMZN), and Yahoo! Inc. (YHOO) are all scheduled to post quarterly reports this week. Here is what investors should watch for: Apple Inc. Technology giant Apple will announce its third fiscal quarter 2015 earnings results on Tuesday, July 21 after…
Monday: The Rightmove National Asking Price Index will be released in the U.K. June’s Producer Price Index will be released in Germany. Tuesday: The Final estimate for May’s Leading Index will be released in Japan. Additionally, the BoJ is scheduled to release the minutes from its June meeting. In the U.K. the Public Sector Borrowing Requirement…
LinkedIn Corp (LNKD) is scheduled to release its next earnings report on July 30, and consensus estimates suggest it will post earnings of 30 cents per share on $679.8 million in revenue. Barclays PLC analysts have upgraded the social network, saying they think the issues that weighed on its first quarter earnings are “transitory” rather than “structural. LinkedIn upgraded…
It looks as if this week will be quieter than recent weeks, which much less on the agenda and with a lot of industry participants beginning to leave on summer holidays. It would not be surprising if the market begins some kind of lull now as we go into August. The key currencies to watch…
The ETF industry saw tremendous volatility in the April-June quarter of 2015 thanks to speculations over Fed tightening, global growth worries, horrendous equity sell-off in China, upheaval in the energy space and the nagging Greek debt deal saga. Though the Greek prime minister Tsipras finally managed to sign a bailout deal after month-long negotiations, his…
Back in February, I tagged Memorial Production Partners (MEMP) as my favorite oi-related play. Overall, MEMP was a great trade, but I had intended to hold it for a much longer time. After breaking its 50-day moving average for the second time in March, I put MEMP on the “sell” list. I sold on the…
by Michael Grogan, First Class Analytics This year has been a fruitful one for the airline industry, but China Eastern (CEA) has certainly been making the best of it. In the past year, the company is up by almost 170 percent, which for comparison purposes is far higher than the 20 percent return achieved by Delta Airlines (DAL)…
