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Three Cloud Stocks To Buy Right Now
In the matter of just a few years, “the Cloud” has evolved from the new feature that your grandmother just can’t quite seem to understand to one of the main factors driving growth in the technology sector. Cloud computing is now an essential focus for software-related companies, and cloud stocks have piqued the interest of many tech-focused investors. New technologies and changing consumer behavior have changed the shape of the technology landscape, and an industry that was once centered on the personal computer has adapted to survive in the world of mobile computing and the Cloud. The markets have been paying attention, and some of the... -
Finance 0
EUR/USD: Unclear Situation Around The Trend Line
Previous: On Monday, the euro/dollar rate closed down. The US dollar strengthened across the board thanks to a rise in US bond yields. Due to correctional movements and an empty economic calendar, buyers were beaten back to 1.1950. Now let’s look at Tuesday’s technical picture. Day’s news (GMT+3): 04:30 Australia: NAB business conditions (Aug). 11:30 UK: CPI (Aug), PPI core output (Aug), retail price index (Aug). 13:00 USA: NFIB business optimism index (Aug). 17:00 USA: JOLTS job openings (Jul). Fig 1. EUR/USD rate on the hourly. Source: TradingView My predictions for yesterday were all correct. The euro/dollar rate slid to the 112th d... -
Finance 0
Forget Tulips & Bitcoin – Here’s The Real Bubble
While the broader market for Swiss stocks has risen modestly this year, one ‘entity’ has outperformed its peers by such a staggering margin, it has left bamboozled market experts struggling for an explanation. And that company is…the Swiss National Bank. The price of a share in Swiss National Bank in August rose above 3,000 francs ($3,143) for the first time, more than double the level of a year ago, and up 50% since mid-July, as the Financial Times noted in a story about its performance. Shares of the SNB trade like any other company listed on the Swiss stock exchange, though because of their price liquidity is somewhat thi... -
Finance 0
WTI Crude Oil And Natural Gas Forecast – Tuesday, September 12
WTI Crude Oil The WTI Crude Oil market initially fell on Monday, but turned around to form a hammer as word got out that disruptions weren’t going to be as big of an issue with demand, and that of course helped the market. By doing so, it looks as if we could go looking for the $49 level next, and then eventually $50. I think that the $50 level will be rather resistive though, so I’m not looking for a breakout immediately. A break below the bottom of the range for the day would be very negative, perhaps sending this market down to $46. Don’t get me wrong, I’m still bearish of this market longer term, but I realize a little bit of a re... -
Finance 0
Above The 40 – The S&P 500 Hits Fresh All-Time High On Tension Relief
AT40 = 53.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 51.1% of stocks are trading above their respective 200DMAsVIX = 10.7 (down 11.5%)Short-term Trading Call: neutral (see below for caveats) Commentary I had no idea that the previous tensions in the stock market fully priced in the likely economic damage from Hurricane Irma, the possible turmoil of budget ceiling battles in the U.S. political machinery, and/or the potential for another missile test from North Korea over the weekend. Yet, pundits seemed to use some combination of relief from these three catalysts to explain the market’s big rall... -
Finance 0
Hawkish BoC, Better Than Expected Jobs Report Pushes CAD Higher
The Canadian dollar strengthened for a fourth consecutive week against the US dollar, rising over 2% by Friday’s close. USD/CAD fell to a two-year low on Friday as price tested lows of 1.2061. Further gains can be expected from the USD/CAD as the economy continues to push ahead at full steam. BoC hikes interest rates in September The Loonie gained sharply last week as a result of a rate hike from the Bank of Canada. The BoC surprised the markets by hiking interest rates by 25 basis points, bringing the overnight lending rate to 1.0%. This was the second rate hike from the BoC this year. The BoC had initially hiked interest rates in July thi... -
Finance 0
U.S-China Trade Before The Storm
Although it only lasted from 17 August 2017 through 2 September 2017, Hurricane Harvey will have an impact on trade between the U.S. and China. The reason why has everything to do with its impact on Texas’ ports, like Corpus Christi, where crude oil is loaded onto large container ships whose destination is China. The meteoric growth of U.S. oil exports to China is perhaps one of the most underreported economic stories of 2017, which many mainstream media sources have only begun to catch onto in recent months. The growth of these exports directly increases the U.S.’ national GDP and reduces the nation’s trade deficit with ... -
Finance 0
How Retailers Are Countering Amazon’s Growing Dominance
With technology having advanced in leaps and bounds, online shopping has become the order of the day. Thanks to the various mobile apps and dot.com businesses, shopping for anything is literally on consumers’ finger-tips. Talking of e-Commerce, Amazon.com Inc. (AMZN – Free Report) is undoubtedly the first name to pop-up on anyone’s mind. Obviously, consumers’ rapid shift to e-marketplace and Amazon’s growing dominance has hit store traffic hard. This has shaken most retailers and compelled them to adopt omni-channel strategies, which has become the need of the hour. Before getting into how retailers are coping up with the ev... -
Finance 0
Dollar Sports Heavier Tone As Yesterday’s Bounce Runs Out Of Steam
Several developments have attracted our attention, but the key take away is that the global capital markets have stabilized after appearing downright frightful at the end of last week, as stocks, yields, and the dollar plummeted. Equities rallied om Monday and there was follow through buying in Asia on Tuesday. The US S&P 500 gapped higher yesterday, leaving a four-day island in its wake (after gapping lower on September 5) and posting a new record closing high. The dollar was two-three standard deviations below its 20-day moving average at the end of last week, and the recovery on Monday helped ease the over-extended condition of the ma... -
Finance 0
Brits Have Suddenly Stopped Buying Cars
British people have suddenly stopped buying cars and as BI’s Jim Edwards notes, it’s not clear why. As the following chart from Barclays shows, both new- and used-car sales have collapsed… While the slump in consumer confidence remains a major factor… as BI’s Jim Edwards notes, a number of other factors are colliding simultaneously to hurt UK car sales: The rise of apps like Uber, Gett, and Lyft are making car ownership in urban areas less necessary. British people have a close to zero household savings rate, and way too much debt, making further car purchases difficult. Consumers are afraid a rec...
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