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GBP/USD Forecast Dec. 4-8 2017
GBP/USD made a break to higher ground on growing hopes for a Brexit breakthrough on all fronts. PMIs stand out in the upcoming week, which is quite busy. Here are the key events and an updated technical analysis for GBP/USD. Hopes for a deal on the divorce bill in the Brexit negotiations sent the pound to the highest levels in two months, with hopes, later cooled down, also on the question of the Irish border. The celebrations may have come too early. It’s a race against the clock.The question of the Irish border remains problematic. BOE Governor Mark Carney said he assumed a smooth Brexit, which is somewhat questionable. In the US, t... -
Finance 0
Amazon Strikes Again: CVS To Buy Aetna For $69BN In Year’s Largest Deal, “Reshaping Health Care”
A deal that was months in the making is finally official, with Aetna’s board of directors approving on Sunday the health insurer’s sale to drugstore chain operator CVS Health Corp for approximately $207 per share in cash and stock, in a deal worth $67 billion, multiple news sources reported on Sunday afternoon. The purchase price represents a premium of 29% to where Aetna shares were trading before WSJ first reported that the two companies were in talks in October. The deal will be this year’s largest corporate acquisition, and in combining one of the nation’s largest pharmacy benefits managers (PBMs) and pharmacy operators wi... -
Finance 0
Monday Morning Kickoff: A Market Priced To Perfection
Last week we closed the books on November and turned the calendar to December, thereby kicking off the seasonal race to the holidays and closing out the year. For November, all the major market indices closed up between 2.2%-3.8%, with the highest being the Dow Jones Industrial Average and the lowest the Nasdaq Composite Index. This continued the market’s winning streak, but as we shared in Friday’s Weekly Wrap reasons to be concerned remain. What those percentage moves don’t reveal is the Dow broke the 24,000 barrier, as investors warmed to prospects for tax reform and the S&P 500 is trading at more than 20x expected 2017 earnings.... -
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Apple Set To Witness A “Super Long Cycle” Per Piper Jaffray
Apple Inc’s (AAPL – Free Report) radically overhauled iPhone X was anticipated to be a super cycle and it seems like it is turning into one. Going a step ahead, Piper Jaffray analyst, Michael Olson in his research titled “Why AAPL Can Keep Working: ‘Super Cycle’ Is Now ‘Super Long Cycle” has stated that, “this could well turn into a “super long cycle” driven by the next iterations of iPhone X. He was quoted by CNBC saying, “Apple may be increasingly well positioned to experience a strong multi-year iPhone trajectory, not the short-lived ‘super cycle’ that was anticipated. We believe an... -
Finance 0
GBPUSD Weekly Analysis – December 3, 2017
GBPUSD extended its bounce from the rising trend line on the daily chart to as high as 1.3549. A further rise to test 1.3657 resistance would likely be seen next week. A breakout of this level will confirm that the uptrend from 1.1946 (Oct 2016 low) has resumed, then the next target would be at 1.4000 area. On the downside, a breakdown below the trend line support could bring price back towards 1.3027. Below this level could signal completion of the uptrend, then the pair would find next support level at 1.2774, followed by 1.2589.... -
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Trading Support And Resistance – Dec. 4
This week we’ll begin with our monthly and weekly forecasts of the currency pairs worth watching. The first part of our forecast is based upon our research of the past 16 years of Forex prices, which show that the following methodologies have all produced profitable results: Trading the two currencies that are trending the most strongly over the past 3 months. Assuming that trends are usually ready to reverse after 12 months. Trading against very strong counter-trend movements by currency pairs made during the previous week. Buying currencies with high interest rates and selling currencies with low interest rates. Let’s take a look at t... -
Finance 0
‘Tis The Season For Giving
Holiday season is in full swing, and that means it’s the prime time period for giving. The stock market has provided its fair share of giving to investors in the form of a +2.7% monthly return in the S&P 500 index (up +18% in 2017). For long-term investors, stocks have been the gift that keeps on giving. As we approach the 10-year anniversary of the 2008 Financial Crisis, stocks have returned +68% from the October 2007 peak and roughly +297% from the March 2009 low. If you include the contributions of dividends over the last decade, these numbers look even more charitable. Compared to stocks, however, bonds have acted more like a stin... -
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Japanese Yen: Leading Risk Indicator For Global Markets Is Neutral, What Does It Spell For 2018
What is the outlook for global markets? That is the million dollar question of course. InvestingHaven’s methodology says that there are a couple of leading indicators, one of them being the Japanese Yen, one of the classic safe havens (read more in our safe haven forecast for 2018: watch the correlation between gold and the Yen ). The trick is to understand what each indicator stands for; in other words what can you read and what can’t you read in an indicator. Let’s deep-dive into what the Japanese Yen, one of our risk indicators, spells for global markets in 2018. The Japanese Yen as one of the leading risk indicators for global mar... -
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Some Classic Short-Sale Candidates Get Even Better
Six months ago, recreational vehicle sales were booming and the companies making those expensive, gas-guzzling rolling houses were riding high. See The Perfect Crash Indicator Is Flashing Red. And now? Same story, even bigger numbers – but with a decidedly more skeptical treatment in the media: (Wall Street Journal) – For anyone who has gotten stuck on a mountain road behind a massive recreational vehicle, get used to it, there are a lot more on the highway. Recreational vehicles, ranging from bus-sized motor homes to retro trailers, have been a boom-and-bust industry since they first became popular in the early 1970s. Now a wave of reti... -
Finance 0
PwC Becomes First “Big Four” Firm To Accept Payment In Bitcoin
Regulators may be skeptical of the burgeoning ICO market, where outright fraud isn’t uncommon, but that isn’t stopping some of the world’s largest audit and consulting firms from trying to win their business. PWC revealed that it will begin accepting payment for its consulting services in bitcoin because it is increasingly working with startups in the city involved in cryptocurrencies and blockchain, the open-ledger technology that processes bitcoin transactions by logging them on a public record. The firm also noted its advisory work for initial coin offerings – which typically collect payment in bitcoin and Ethereum – along with ...
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