EURUSD The euro for a week remains under pressure on global markets, due to weak economic indicators. As a result, the pair declined from the EURUSD high near 1.1450 to 1.1220 - the lows area since June 2017. An attempt to break the downtrend failed with the help of Draghi. ECB President Mario Draghi warned of a possible extension of the extremely low rates period. Additionally, the EUR decline on...Read More
Most other analysts are bullish on the young stocksTwo stocks that may hold an appeal with the younger generation were met with downbeat attention from the analyst community today. Specifically, music streaming giant Spotify Technology SA (NYSE:SPOT) and high end cooler maker Yeti Holdings Inc (NYSE:YETI) are struggling on the charts today following bearish brokerage notes. For SPOT, the shares ar...Read More
Analyst sentiment was negative coming into todayWeb application developer F5 Networks, Inc. (NASDAQ:FFIV) is up 2.3% to trade at $157.18, just after landing an upgrade to "neutral" from "underweight" and a price-target hike to $163 from $157 at Piper Jaffray. The firm said its bull note comes despite continued concerns about the company's "longer-term dynamics," but noted the current valuation is...Read More
The stocks are higher after scoring lofty price targetsAnalysts this morning waxed optimistic on biotech stocks Xenon Pharmaceuticals Inc (NASDAQ:XENE), TG Therapeutics Inc (NASDAQ:TGTX), and Viking Therapeutics Inc (NASDAQ:VKTX). In fact, the brokerage firms expect shares of XENE, TGTX, and VKTX to more than double on the charts.XENE Options Attractively PricedXenon stock is up 4.7% to trade at $...Read More
How you can transform lagging indicators into leading indicators.For hundreds of years, since the first stock exchange opened its doors, every trader has been looking for an edge... Some way to predict what will happen next... And hopefully collect a fat "paycheck" at the end of the road.From Bollinger bands to momentum oscillators, technical indicators have been at the forefront of this constant...Read More
A short squeeze could keep the wind at GLPG's back Galapagos NV (NASDAQ:GLPG) and Gilead Sciences, Inc. (NASDAQ:GILD) stocks are higher this morning, after the companies reported positive data for a jointly developed drug to treat moderate-to-severe rheumatoid arthritis (RA). An analyst at SVB Leerink believes the the drug could be launched by 2020, while H.C. Wainwright has come forward with a p...Read More
The pharma stock just announced updates for two major drug trials for later this yearPharmaceutical concern Seelos Therapeutics Inc (NASDAQ:SEEL) is at the top of the Nasdaq after announcing its 2019 plans. The company anticipates it will dose the first patient with the life-threatening spinal disease Sanfilippo syndrome in a mid-stage trial with the company's experimental Trehalose treatment in t...Read More
Vladimir Putin's quest to break Russia's reliance on the U.S. dollar has set off a literal gold rush.Within the span of a decade, the country quadrupled its bullion reserves, and 2018 marked the most ambitious year yet. And the pace is keeping up so far this year. Data from the central bank show that holdings rose by 1 million ounces in February, the most since November.The data shows that Russia...Read More
Oil futures are rising today, tooDow Jones Industrial Average (DJI) futures are signaling a strong push higher, on renewed U.S.-China trade optimism. More specifically, U.S. Treasury Secretary Steven Mnuchin tweeted about "constructive trade talks in Beijing," with the two sides set to meet in Washington next week. Investors are also digesting a 0.1% monthly drop in the personal consumption expe...Read More
Southeast Asia could be a huge opportunity for AlibabaChinese tech giant Alibaba Group Holding Ltd (NYSE:BABA) is trading up 1.5% before the open, thanks to bullish analyst attention out of Baird. The brokerage firm lifted its price target to $195 from $178, citing what it sees as an undervalued asset in Alibaba's Lazada e-commerce business. Baird pointed to Lazada's footprint in Southeast Asia, a...Read More
* H&M among top gainers on STOXX after profits beatforecasts * Retail outperforms all European sectors at quarter's end * UK PM May's Brexit deal defeated for the third time(Updates to close)March 29 (Reuters) - European shares rose on Friday butsettled slightly below session highs after lawmakers rejected UKPrime Minister Theresa May's deal to exit the European Union forthe third time, increa...Read More
Artificial intelligence may revolutionize trading.Sometimes watching the market can feel like riding a roller coaster.Many investors feel glued to the news, watching the market rise and fall hundreds of points, day after day, week after week.But savvy traders know these market conditions mean huge profit potential for anyone that knows how to trade them.And one "secret" that more and more traders...Read More
Published 19 Hours AgoUpdated6 Hours AgoReuters Getty ImagesGold gained on Friday en route to its second quarterly rise as the dollar eased on tepid U.S. economic data, while palladium snapped three straight sessions of sharp losses, ending the quarter on a positive note.Spot goldwas up 0.20 percent at $1,292.67 per ounce as of 3:00 p.m. EST. Prices struggled to break past resistance around $1,30...Read More
Prior to the FOMC meeting last week, I forecast that the Fed would be dovish on both interest rates and the balance sheet reduction program.But this would mean that all of the dovish "speak" since their verbal 180 in January that contributed to the rally in stocks is now priced in.I believe that is now the case and there is little more the Fed can say that will push stocks higher.By Davi...Read More
More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance p...Read More
More than three years after two treasure hunters claimed to have found a Nazi train laden with gold and gems in the Polish city of Walbrzych, one of the men looking for it has unearthed another kind of treasure: two dozen priceless Renaissance portraits.Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance p...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average ended up Thursday as investors responded positively to progress in the U.S.-China trade talks. Lululemon Athletic (LULU) soared 14% after the sports apparel group posted solid fourth-quarter earnings. Five Below (FIVE) climbed 8.2% after posting stronger-than-expected fourth-quarter earnings.Wall S...Read More
The Thursday Market Minute Global stocks edge higher as government bond yields steady near multi-year lows in Germany and Japan, piercing equity market sentiment amid increasing recession concerns. U.S. Treasury curve remains inverted between 3-month bills and 10-year notes after tipping for the first time since 2007 last week.Treasury Secretary Steve Mnuchin and Trade Representative R...Read More
Bob Moriarty ArchivesMar 29, 2019For those who have not yet read Basic Investing in Resource Stocks, you should consider it. I predict the big collapse to come soon, very soon followed by what I term “The Big Reset”. Martin Armstrong just put out a piece essentially saying the same thing titled, The Financial Panic of 2019?I realized when I wrote my book in January of this year that I...Read More
If you were to tell the average American back in say the 60's that in 50 years the US would be a "command economy" they would probably react as if you'd lost your mind. Back in those days the Soviet Union was a command economy with the government controlling everything with its notorious "5-year plans". Fast forward to now and the United States and other economic blocs like Europe are in the con...Read More