* 10-year Treasuries and Bunds remain pinned to Friday’s highs* Risk appetite improves after more stable equity sessions* Reports of TLTRO extension lead to early dip in core yields* (Updates pricing, recasts to reflect improved market sentiment, adds quote)By Virginia FurnessLONDON, Nov 5 (Reuters) - Italian government bond yields rose 5-10 basis points on Monday before a euro zone finance...Read More
Global oil prices bounced higher Monday after the U.S. State Department granted a waiver to China to purchase crude from Iran as the first day of sanctions imposed by President Donald Trump came into effect. U.S. Secretary of State Mike Pompeo called the sanctions "the toughest sanctions ever put in place on the Islamic Republic of Iran", but his department noted Friday that waivers had bee...Read More
ANKARA, Nov 5 (Reuters) - Turkey has no worries aboutreaching its year-end budget deficit target of 1.9 percent ofgross domestic product, Finance Minister Berat Albayrak said onMonday. Speaking in a broadcast interview on A Haber, Albayrak saidborrowing costs, which at one point hit around 40 percent forcommercial and consumer loans, will fall further with thenormalisation of the economy. (Reporti...Read More
* World stocks fall after four-day rally * Italy leads Europe down as banks slide * Crude slides as waivers dilute Iran sanctions * Investors cautious before U.S. midterms * Sterling jumps on Brexit deal hopes By Helen Reid LONDON, Nov 5 (Reuters) - World stocks slipped on Monday,halting a four-day recovery rally as anxiety surrounding globaltrade conditions and rising U.S. interest rates dampene...Read More
ANKARA, Nov 5 (Reuters) - Turkish authorities have orderedthe arrest of gold trader Reza Zarrab, a prosecution witness inthe New York trial of a Turkish banker, over unlawful buildingwork, Anadolu news agency said on Monday. Zarrab, 34, a dual national of Iran and Turkey, was agovernment witness in the trial of Mehmet Hakan Atilla, a formerdeputy general manager at Turkey's state-owned Halkbank wh...Read More
Blue chips started the week with a strong showing, but FAANG fell behindU.S. stocks overcame a slow start to close near session highs, with the Dow notching a 190-point victory. A big day from Chevron (CVX) helped lead the charge, propping up the entire energy sector in the process, while a strong showing from financial stocks helped, as well. The gains came despite the uncertainty surrounding tom...Read More
Marijuana stocks are in "early internet" territory.Amazon's early investors walked away with over 79,000% in profits. And this same phenomenon is happening in the cannabis space right now.Remember, the dotcom bubble separated out the real companies from the fake.Which is why it's so important to "weed" out the companies that might not survive this volatile but opportune time.Now, the race has ser...Read More
TWLO has more than tripled in value in 2018, but just pulled back to supportCloud name Twilio Inc (NYSE:TWLO) is down 4.5% at $70.98 in afternoon trading, as options traders gear up for the company's third-quarter earnings report, which is slated to surface after the market closes this Tuesday, Nov. 6. Below we will take a look at what the options market has priced in for the stock's post-earning...Read More
All three names are on the short-sale restricted list today, thoughThe Dow is up triple digits, but some struggling FAANG stocks are keeping the Nasdaq in the red. Among other stocks making notable moves are drugmaker Eli Lilly And Co (NYSE:LLY), biotech name CohBar Inc (NASDAQ:CWBR), and software concern Altera Corporation (NASDAQ:ALTR). Here's a quick roundup of what's moving the shares of LLY,...Read More
This free e-book offers options basics for any trader.It's essential for every trader to occasionally take a step back, and consider their long-term trading goals.Some traders aretrying to fund a child's college education, augment their own retirement, or leave the daily 9-to-5 grind once and for all, while others are seeking a way to smooth out crazy market volatility and whipsaw swings in their...Read More
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Examining the recent stretch of IXIC volatilityAfter suffering its worst month since the financial crisis in October, the Nasdaq Composite (IXIC) sent up a rare technical signal to start November. Specifically, the tech-rich index made seven straight triple-digit point moves -- the longest streak on record. The previous streak of triple-digit gains or losses was five days, set back in April 2000,...Read More
The Price of Gold appears to have bottomed, after declining since 2011.Here is a look at the weekly trend. Gold has carved out an ABC bottom, (C above A followed by a rise above B).The breakout at the blue arrow overcame six months of resistance.Price is now tackling the 200 week moving average at the green arrow. This chart courtesy Bloomberg.com shows the number of short positions in gold futur...Read More
CloseGain/LossGold $1230.50-$2.60Silver$14.64-$0.11XAU67.14-0.07%HUI149.83+0.26%GDM544.17-0.37%JSE Gold1162.02+28.85USD96.34-0.11Euro114.11+0.16Yen88.41UNCHOil$63.10-$0.0410-Year3.201%-0.014T-Bond137.50+0.34375Dow25461.70+0.76%Nasdaq7328.85-0.38%S&P2738.31+0.56% The Metals: Gold gained $1.30 to $1234.40 in Asia before it dropped back to $1227.00 in London and bounced back...Read More
- Eisman says U.K. is one of the biggest risks globally- He is betting against two UK banks in the lead up to Brexit- Eisman may short 50 other UK firms if "Trotskyite" Corbyn becomes UK PM- Eisman is famous for betting against the US housing market ahead of the 2008 subprime-mortgage crisisby Business Insider UKThe hedge-fund manager famous for betting against the US housing market ahead of...Read More
HIIQ shares are getting hammered todayHealth Insurance Innovations Inc (NASDAQ:HIIQ) is trading sharply lower today after the company announced it ended its relationship with Simple Health, though it added the split wouldn't change its current-quarter outlook. HIIQ stock is down 14% today at $39.76, putting it on pace for its lowest close since early August, and it's now roughly 2 points from the...Read More
Japanese plate export prices are expected to remain stable in the face of tight supply in Asia, a source at a major steel producer in Japan told Fastmarkets MB."Plate supply in Asia remains tight and is expected to be so going into 2019 despite other flat steel markets such as hot-rolled coil being comparatively weak," the source, who has knowledge of the mill's latest pricing decisions, said last...Read More
The gold miners’ stockssuffered a rough late summer this year. A rare forced capitulation walloped them to deep new lows,short-circuiting their usual autumn rally. That’s left this sector anomalously low as the subsequent winter rallygets underway, gold stocks’ strongest seasonal surge of the year. Starting from beaten-down levels afterskipping the prior seasonal...Read More
Despite the recent weakness, HEAR shares are up more than 1,000% year-to-dateTurtle Beach Corp (NASDAQ:HEAR) is gearing up to report earnings after the close tomorrow, Tuesday, Nov. 6, and the stock is testing the key 50-day moving average ahead of the event. At last check, this downsloping trendline was located around $20.32, and the shares were trading just below here at $20.21, after trying to...Read More
The Dow is higher with Chevron, howeverAhead of midterm elections, U.S. stocks are trading mixed at midday. Specifically, the S&P 500 Index (SPX) is modestly higher, while the Dow Jones Industrial Average (DJI) is up triple digits, with outperforming Chevron (CVX) leading the surge. On the flip side, the Nasdaq Composite (IXIC) is in the red, as FAANG stocks tumble. Amazon (AMZN), Facebook (...Read More