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  • Finance 0

    4 Banking Stocks That Are Projected To Surge

    Investors constantly attempt to discover which industry or sector holds the most potential for capital gains. The banking industry is known its long-term stability, but not necessarily its growth prospects. However, the Federal Reserve is expected to continue raising the benchmark interest rate into the future. Rising interest rates could possibly allow for banks to their boost earnings due to larger interest payments on their outstanding loans to businesses and individuals. This means that the banking industry is once again in the spotlight. Fortunately, we can utilize the Zacks Stock Screener to search for bank stocks that possess a posit...
    On July 7, 2017 / By
  • Finance 0

    Traders Slow To Push Dollar Higher Ahead Of NFP

    The US Dollar remained on a steady course in Asian trading and is poised to record gains for the week. Analysts say, however, that the greenback could tread water until the release of the all-important Non-Farms Payroll report from the US Labor Department. Currently, analysts’ consensus calls for a rise in June’s new private sector jobs to 179,000. Analysts also expect the unemployment rate to remain at the current 4.3% level. As reported at 11:25 am (JST) in Tokyo, the USD/JPY was trading at 113.788 Yen, a gain of 0.54%; the pair earlier hit a peak of 113.846 Yen, while the session’s low was at 113.098 Yen. Remaining in Asia, the AUD/U...
    On July 7, 2017 / By
  • Finance 0

    Silver Flash-Crashes As Japan Opens

    First it was gold last week, then it was half of Nasdaq on July 4th, and now it’s silver that is taking it’s turn in the ‘glitch’ camp. As Japanese markets opened tonight, spot silver prices crashed around 6% in a few seconds only to instantly rip back higher… It appears someone was in a hurry to dump over $450 million worth of silver futures…...
    On July 7, 2017 / By
  • Finance 0

    Rising Inequality In The S&P 500

    When you say the words ‘rising inequality’ it raises all sorts of connotations and thoughts, but in this ChartBrief we look at a peculiar angle on inequality – inequality in sectors in the S&P 500. There has been an interesting uptrend in the gap between the largest and smallest sectors both in terms of market cap and earnings contribution. While the metrics got blown out during the dot com boom and financial crisis, the trend is still up. A key driver is the technology sector which has gone from strength to strength in both market cap and earnings percentage share representation. Looking across sectors on market capit...
    On July 7, 2017 / By
  • Finance 0

    EUR/USD Is Back To The Highs – Make Or Break?

    EUR/USD is trading on higher ground once again, topping 1.14 and with one eye on 1.15. Can it make the move? Here are three opinions: Here is their view, courtesy of eFXnews: EUR/USD: Bullish But Mind ECB Reaction On A Move ‘Well Beyond’ 1.15 – Credit Suisse Credit Suisse FX Strategy Research has been generally bullish on the EUR since March. CS maintains this EUR bullish view on the ground that the better-than-expected growth and political outcomes combined with its “under-owned” structural position should give the EUR room to rally further. However, CS suspects that inflationary forces are still not strong enough to tolerate sus...
    On July 7, 2017 / By
  • Finance 0

    EUR/USD Wave 3 Momentum After 1.13 Bounce And Trend Line Break

    EUR/USD 4 hour The EUR/USD used the broken top and support zone (blue box) to bounce up. Price then broke above the resistance trend line (dotted red) and is now heading towards the Fibonacci target of wave 5 vs 1+3 and the round level of 1.15. 1 hour The EUR/USD is showing strong bullish momentum as part of a wave 3 (orange). Once price makes a correction, there could be a wave 4 and 5 before completing wave 5 (brown). USD/JPY 4 hour The USD/JPY extended the uptrend by showing a bullish break above the resistance trend line (dotted red). Price is now moving towards the Fibonacci targets of wave 5 vs 1+3. 1 hour The USD/JPY failed to break th...
    On July 7, 2017 / By
  • Finance 0

    Sensex Opens On A Cautious Note; FMCG & IT Stocks Top Losers

    Asian equity markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.26% while the Hang Seng is down 0.41%. The Nikkei 225 is trading down by 0.14%. The Wall Street ended lower on Thursday after disappointing labor market data clashed with the possibility of a more hawkish Federal Reserve. Meanwhile, share markets in India have opened the day on a flattish note. The BSE Sensex is trading lower by 32 points while the NSE Nifty is trading lower by 9 points. The BSE Mid Cap Index and BSE Small Cap index both opened the day up by 0.2%. Sectoral indices have opened the day on a mixed note with ...
    On July 7, 2017 / By
  • Finance 0

    WTI Crude Oil And Natural Gas Forecast – Friday, July 7

    WTI Crude Oil The WTI Crude Oil market initially tried to rally during the session on Thursday, as we had a stronger than anticipated withdrawal of crude oil inventory announced. However, I think that the market will eventually break down below the $45 level, and when it does it’s time to start selling again. The jobs number of course will have an influence on what happens with the oil markets as it influences on the US dollar. The stronger the US dollar, typically the more pressure that we see in this market. The $42.50 level is my next target, and if we rally from here, I think that signs of exhaustion should be selling opportunities as w...
    On July 7, 2017 / By
  • Finance 0

    5 Energy Stocks To Turn It Around In Q3

    Last year, ‘Energy’ was the strongest S&P sector performer with a market-thumping 24% return. In particular, November’s historic OPEC-led production cut deal to alleviate a supple glut managed to buoy oil prices and stabilize them around the psychologically important $50 per barrel threshold. The commodity was on a stellar run on optimism surrounding the agreement, and the outlook for oil stocks was getting better. The seemingly positive developments encouraged investors to bet on firming prices for 2017 with the oil industry finally hoping that ‘this would be the year.’ True to the strong sentiments, U.S. oi...
    On July 7, 2017 / By
  • Finance 0

    BMO Finds An A New Source Of Systemic Risk

    In a time of suffocating, crushing market complacency (which has made the lives of financial analysts so boring, they have even quantified what complacency is), a pet hobby that has emerged within the financial community is to find new possible sources of underappreciated systemic risk. One such attempt comes from BMO’s Mark Steele who notes that aside from the pressure that the short to medium end of the curve is dishing out as Central Banks turn hawkish, “the market dishes out some of its own early signals of a more important nature.” Steele says he created a basket of Chinese Bank CDS to look for systemic risk there, ...
    On July 7, 2017 / By