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  • Finance 0

    U.S. Student Loan Implosion

    The Consumer Federation of America recently put out a press release that reports that they’ve found that 1.1 million student loan borrowers in the United States have gone 270 or more days without making payments on their Federal Direct Student Loans, with more than $137 billion worth of the loans issued by the U.S. government now qualifying as being in default by that standard. Data from the CFA’s press release has made the rounds among multiple news outlets, but we have a pretty basic question: Are those big numbers? They certainly seem like big numbers, what with all the millions and billions being thrown about, but how d...
    On April 25, 2017 / By
  • Finance 0

    A $500 Billion “Hitch” Emerges In The Saudi Aramco IPO

    As Saudi Arabia’s deputy crown prince pushes his nation’s Vision 2030 economic overhaul and crows of the $2 trillion Saudi Aramco valuation (ahead of its potential IPO), WSJ reports that officials at the state-owned oil company are using internal value estimates to $1.3 to $1.5 trillion, calling bin Salman’s estimate “unrealistic and mind blowing.”   Since deputy crown prince Mohammed bin Salman announced the stock-offering plan and his $2 trillion estimate early last year, insiders and outsiders have questioned how he arrived at that number. Source About two dozen employees have been working since last ye...
    On April 25, 2017 / By
  • Finance 0

    Gold Touches Two-Week Low Following French Election

    Gold prices dipped to a two-week low on Monday after results from the French presidential elections abated investor appetite for the precious metal. Major stock markets around the globe and the euro rallied, while the dollar fell to a new five-month low. Increasing interest in riskier assets may undermine demand for gold. Yesterday’s gap dragged the XAU/USD pair into the Ichimoku clouds on the 4-hour time frame. The short-term charts are slightly bearish at the moment, with the market trading below the Ichimoku cloud on the H1 time frame. The market bounced off of the strategic support at 1265 but the bulls will need to push prices back abo...
    On April 25, 2017 / By
  • Finance 0

    3 IPOs To Watch For This Week

    The last week of April is scheduled to see eight different companies go public, and Zacks has you covered with three unique IPO offerings to watch out for. The wide-ranging list of companies set to go public this week will help contribute to an already booming 2017 for the IPO world. Since Jan. 1, 36 IPOs have been priced in the U.S.—not including this week’s offerings—which is up around 177% year-over-year. These three IPOs cover finance, big data, and biopharmaceuticals. Check them out: China Rapid Finance The Shanghai, China-based online credit company, China Rapid Finance Ltd., is China’s largest online consumer lending mar...
    On April 25, 2017 / By
  • Finance 0

    ECB April Preview – No Changes Expected As Inflation Remains Tame

    Summary: ECB meets in the backdrop of the French elections No changes to monetary policy are expected at this week’s meeting ECB officials maintain that current policy is appropriate Only concrete signs of an increase in inflation will see an appropriate policy response from ECB officials The European Central Bank will be meeting this week on April 27. No changes to monetary policy are expected at this week’s meeting as the central bank meets amid a high level of uncertainty on the back of the French elections where the focus turns to the second round due in May. Tame inflation expected to keep officials muted The central bank is likely t...
    On April 25, 2017 / By
  • Finance 0

    Nifty Touches Its All-Time High; Telecom Stocks Witness Buying

    After opening the day on a positive note, Indian share markets have continued their momentum and are presently trading in the green. Sectoral indices are trading on a positive note with stocks in the telecom sector and energy sector leading the gains. The BSE Sensex is trading up 193 points (up 0.7%) and the NSE Nifty is trading up 58 points (up 0.6%). The BSE Mid Cap index is trading up by 1%, while the BSE Small Cap index is trading up by 0.8%. The rupee is trading at 64.27 to the US$. Indian stock markets are witnessing buying interest today on the back of a host of domestic as well as global factors. A spurt in the Nifty Ban...
    On April 25, 2017 / By
  • Finance 0

    Trade Wars Begin: Trump Announces 20% Tariff On Canadian Softwood Lumber Imports

    Speaking during a first of its kind meeting dedicated only to members of the U.S. conservative media, including Breitbart News, OANN and Daily Caller, President Trump told reporters to expect a 20% tariff on softwood lumber coming into Canada. “We’re going to be putting a 20 per cent tax on softwood lumber coming in — tariff on softwood coming into the United States from Canada,”tweeted Charlie Spiering of Breitbart Media. Trey Yingst of OANN tweeted that according to Trump “Canada has treated us very unfairly” and also threatened a tax on Canada’s dairy industry. According to the WSJ, Wilbur Ross said the tariff will be app...
    On April 25, 2017 / By
  • Finance 0

    Canadian Dollar Dives On Trump Timber Tax Reports

    The Trump administration seemed to have a cuddly relation with Canada while bashing Mexico on trade. This has probably changed. According to reports, the Trump administration is set to announce a retroactive tax on lumber. President Donald Trump said that Canada treated the US unfairly and took advantage. He recently complained about the mistreatment of Wisconsin’s dairy farmers by Canada. Canadian Prime Minister Justin Trudeau responded by mentioning the trade surplus the US has with Canada on milk. A worsening of trade relations is worse for Canada. The nation north of the border is smaller than the US and dependent on its southern neig...
    On April 25, 2017 / By
  • Finance 0

    E USD Index Trading In The Final Stages Of A Correction

    On the 4h chart of USD Index we have seen a deep decline over the past few months, which is seen as a corrective move, but still unfolding after that gap down to 99.10. An updated structure and recent activity suggests that downward movement is underway in wave C) of four and is looking for a low near 98.00/98.50. We would need a new impulsive bounce to confirm a low in place. USD Index, 4H...
    On April 25, 2017 / By
  • Finance 0

    EUR Breaks Higher To Open Week With Largest Gap Open On Record

    Video length: 00:32:05 Most attention on Monday was placed squarely and appropriately on European Assets. The DAX has broken to all-time highs and has traded more than 400 points or 3.3% higher. Additionally, German Bund prices on the front end have dropped aggressively sending the yield up 11.9%. The higher yield aligned with EUR/USD pushing higher as EUR/USD weekly open gap was the largest on record per Bloomberg, which brings us to the top chart. Should the price of Bunds continue to fall, which is predicated on presumed tapering that could be announced by the ECB this Thursday, but most likely, in June we may see the path for a clear mo...
    On April 25, 2017 / By