USDCHF, "US Dollar vs Swiss Franc" As we can see in the H4 chart, USDCHF is consolidating. In this case, the price is expected to rebound from the 5/8 level and fall towards the support at the 3/8 one. Risk Warning: the result of previous trading operations do not guarantee the same results in the future The lines in the H4 and H1 charts are completely the same and confirm the scenario...Read More
Put buying on SIG surged in recent weeksSignet Jewelers Ltd. (NYSE:SIG) is one of the biggest losers on Wall Street this morning. The stock was last seen trading down 23.2% at $25.63 -- fresh off a nine-year low of $25.51 -- after the company cut its fourth-quarter and full-year forecasts due to a weak holiday season. One reason given for the poor performance was a sharp drop in traffic at brick-a...Read More
These S&P stocks tend to stand out in the short holiday weekNext week will be a short one for traders, as U.S. equity markets will be closed on Monday, Jan. 21, in honor of Martin Luther King Jr. Day. The federal holiday is observed on the third Monday of each calendar year -- to roughly coincide with the late Dr. King's birth date of Jan. 15 -- and 2019 will mark the 21st year that the stock mark...Read More
The shares are set for their best day in monthsThe shares of Adamis Pharmaceuticals Corp (NASDAQ:ADMP) have added 11.2% to trade at $2.92 in early market trading, on the U.S. launch of the company's allergy treatment, Symjepi. The drug -- launched by commercial partner Sandoz -- will directly compete with pharma company Mylan's (MYL) popular EpiPen. The jump has ADMP stock pacing for its third str...Read More
Gold mining veteran Rob McEwen is nothing if not optimistic.The founder of Goldcorp Inc. is sticking with his bold prediction that the precious metal will soar almost fourfold to $5,000 an ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks."Once people get over buying cryptos and biotech and cannabis stocks they're going to start looking at gold again," the chi...Read More
Netflix will report earnings after the closeDow Jones Industrial Average (DJI) futures are trading below fair value this morning, as attention stays on fourth-quarter earnings season. Traders are digesting Morgan Stanley's (MS) quarterly report, though the shares are set for sharp losses at the open. Later on, after the closing bell, Netflix (NFLX) earnings will be the major story, with blue chip...Read More
AKS options traders have heavily favored putsThe shares of AK Steel Holding Corporation (NYSE:AKS) aredown 1.9% in electronic trading, after Clarksons Platou Securities downgraded the steel name to "neutral" from "buy," and trimmed its price target to $3 from $5.10. Earlier this week, Goldman Sachs gave AKS a price-target cut to $2.5 from $4, while noting the initial investor excitement around t...Read More
• The precious metal struggled to build on the overnight positive momentum and was again seen retreating from the top end of a near one-week-old trading range. • The recent price-action constituted towards the formation of a rectangle, usually seen as continuation pattern but sometimes mark significant trend tops/bottoms. •&nb...Read More
(Recasts ahead of U.S. trading, updates prices throughout) * European car shares fall on U.S. tariff worries * Beijing injects masses of cash into financial system * Huawei subject of U.S., German displeasure* Pound supported as May wins confidence vote * Graphic: World FX rates in 2019* Asian stock markets: By Marc JonesLONDON, Jan 17 (Reuters) - Concern over China's economicoutlook and possible...Read More
Northern Superior Resources (TSX-V: SUP) issued a press release this week stating that it is ready to move forward with both its TPK gold-silver-copper project located in northwestern Ontario and its Lac Surprise gold project located in Quebec.The Sudbury-based company said it expects to start drilling at the Ti-pa-haa-kaa-ning property, known for its initials TPK, by mid-February, following the c...Read More
(Updates with closing prices)By Eric OnstadLONDON, Jan 17 (Reuters) - Aluminium fell on Thursday aftera vote by U.S. lawmakers cleared the way for sanctions to belifted on major producer Rusal, potentially increasing supply.The U.S. Senate on Wednesday rejected legislation to keepsanctions on companies linked to Russian oligarch OlegDeripaska, including Rusal . In December, the U.S. Treasury said...Read More
The floodgates are about to open, and early investors stand to reap some major rewards.Everyone knows: It's the casino that NEVER LOSES.And for years, the gaming industry has been stuck in a legal limbo, with black market bookies and smoky underground clubs soaking up billions in potential profits.But the floodgates are about to open to the general public.A key law outlawing online gambling across...Read More
Palladium has risen more than 10 percent so far this monthPublished 20 Hours AgoUpdated6 Hours AgoReuters Leonhard Foeger | ReutersPalladium surpassed the $1,400 mark for the first time on Thursday, as demand for the auto-catalyst metal overtook its availability in the market, while gold edged lower as the dollar gained on better-than-expected U.S. jobs data.Spot palladium gained 2.28 percent to...Read More
In January, ProShares changed its silver and gold ETFs to track futures-based indexes.This marks the first time leveraged and inverse ETFs will benchmark to gold and silver futures prices.The move to futures-based indexes presents the opportunity to replace the high costs associated with using forwards with a more cost-efficient model using futures contracts.By Leks Gerlak At a Glance As the exch...Read More
The 13-day-long contracting triangle seen in gold's 4-hour price chart is more likely to be breached to the downside, courtesy of the recovery rally in the US dollar - gold's biggest nemesis. As of writing, gold is trading at $1,292 per Oz, having clocked a high of $1,295 earlier today. Notably, the dollar index (DXY), which tracks the value of the greenback, has risen by 1.18 percent in t...Read More
West Africa-focused gold miner Avesoro Resources (TSX, AIM:ASO) said Thursday it had exceeded its 2018 full year production guidance, thanks mainly to a 44% output increase at its New Liberty mine in Liberia and despite a 4% production decline at its Youga asset in Burkina Faso.Avesoro's annual production jumped by 15% to 220,458 ounces of gold compared with 2017, with New Liberty alone churning o...Read More
Silver was thought of as a godlike metal in ancient times and was associated with magic. It was often used in ancient religious ceremonies.Silver has a very robust profile of uses, including: electronics, automotive, medicinal, coins and medals, photography, and green tech.Silver has a six thousand year history of use as money, longer than gold, from ancient Mesopotamia to the US Constitution.Silv...Read More
John "Jack" Bogle, the founder of Vanguard Group Inc. and inventor of the index fund has died at the age of 89. Bogle has been credited with doing more for individual investors than anyone on Wall Street, while in the process creating whole new branches of the financial services industry. "Jack was the ultimate titan," said TheStreet's Jim Cramer. "He democratized investing and gave everyone a c...Read More
Here Are 3 Hot Things to Know About Stocks Right Now The Dow Jones Industrial Average was rising Wednesday, getting a lift from earnings from two of the country's biggest banks.Bank of America Corp. (BAC) reported fourth-quarter profit of 70 cents a share, topping analysts' estimates by 7 cents. The stock rose 7.2%. Goldman Sachs Group Inc. (GS) earned $6.04...Read More
The Wednesday Market Minute U.S. equity futures turn green after stronger-than-expected earnings from Goldman Sachs and Bank of America.Global stocks mixed amid the increasing confusion over the impact of Prime Minister Theresa May's historic parliamentary defeat on Brexit last night and concern over the lack of progress in U.S.-China trade talks.U.K. lawmakers will debate a non-confidence motio...Read More