Boom! The U.S. and its allies struck Syria in response to a suspected deadly chemical attack several days ago. Gold should be the safe haven in such situations, right? But the price of gold was practically unchanged on Monday. What happened? U.S. Strikes Syria. Gold Yawns A lot has happened in recent days. Luckily, we…
USD/CAD Elliott Wave short-term view suggests that the bounce to 1.2942 high ended Intermediate degree wave (2). Then the decline from there is unfolding in an impulse sequence with an internal sub-division of each leg lower is showing 5 waves structure thus favored it to be an impulse. Below from 1.2942 high, Intermediate wave (3) remains in…
In a research note to investors on the beverage space, Goldman Sachs analyst Judy Hong upgraded Coca-Cola (KO) to Neutral and downgraded PepsiCo (PEP) to Sell. While the analyst sees an improving organic sales growth outlook for Coca-Cola, Hong sees potential for continued softer North American Beverage volumes to weigh on PepsiCo’s organic sales growth….
Data related to Housing Starts and Building Permits for the month of March came in stronger than expected earlier today. Housing Starts for March came in at a seasonally-adjusted annualized rate of 1.319 mln compared to expectations for a rate of 1.267 mln, while Building Permits hit a rate of 1.354 mln, which was 33K…
China is one of the most important countries in the world. It has a population of more than 1.3 billion people and the second largest economy. It has a GDP of more than $11 trillion, which is lower than the US $18 trillion. The European Union has a GDP of $17 trillion and a population…
My Swing Trading Approach I increased my long exposure yesterday, and may look to do so yet again today, should the market strength continue. Overall, the market conditions are picking up and becoming much more ideal for swing-traders. Indicators VIX – Continuing to sell-off hard, and may see a retest of the March lows in the…
A Technavio report published earlier last year estimates the global cloud-based marketing platform market to grow 9% annually over the period 2017 to 2021. The market is dominated by big players like Adobe Systems, Oracle, Salesforce, and IBM. But there are a few other vendors like Billion Dollar Unicorn HubSpot (NYSE: HUBS) that are doing very well in…
Have you been eager to see how Comerica Incorporated (CMA – Free Report) performed in Q1 in comparison with the market expectations? Let’s quickly scan through the key facts from this Texas-based money center bank’s earnings release this morning: Earnings Improve Y/Y Comerica came out with adjusted earnings per share of $1.54, up from the prior-year quarter adjusted figure…
Through Republican and Democrat Administrations, no US president has found that a foreign country’s activities have risen to the level that can be considered manipulation for nearly a quarter of a century. Initially, the law required a judgment of intent. Intervention by itself, or even a pegged currency regime, was not proof of manipulation. Unsatisfied with…
Through Republican and Democrat Administrations, no US president has found that a foreign country’s activities have risen to the level that can be considered manipulation for nearly a quarter of a century. Initially, the law required a judgment of intent. Intervention by itself, or even a pegged currency regime, was not proof of manipulation. Unsatisfied with…
