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    BOE To Pound The Pound?

    It’s “Super Thursday” for the Bank of England with a rate decision that could see one member opting for a rate cut, the meeting minutes and the Quarterly Inflation Report. Both sides on the Brexit debate are going to cling to every word and the pound is ready to rock. Elsewhere, some US figures could provide some action for the greenback, which is decidedly mixed ahead of tomorrow’s very busy calendar. Wrap up of the morning show for May 12th 2016: Video length: 00:06:04...
    On May 12, 2016 / By
  • Finance 0

    Could Slow Start To IPOs In 2016 Be Beginning To Thaw?

    Most companies that have gone public this year are biotech firms and the first quarter marked the slowest start to IPOs since the last recession. In the current quarter, [could] the fact that companies outside of biotech are eyeing or marching through the IPO door… be a sign of a slow thaw?  Written by MotifInvesting.com Last month, Bats Global Inc. (BATS: BATS) raised $253 million in an initial offering that valued the company at $1.8 billion. Bats increased the deal’s size after demand for shares exceeded the 11.2 million originally offered by 20 times. After a mere dribble of initial public offerings in this year’s first quarter...
    On May 12, 2016 / By
  • Finance 0

    Crude Oil Jumps Above $46 On Unexpected Inventory Drop

    WTI Crude oil extended gains for a second day as a surprise drawdown in inventory sends Oil higher, closing at $46.35 on Wednesday, 11th May 2016. A surprise drawdown in the weekly US crude oil inventory report released by the EIA yesterday sent WTI Crude oil prices to fresh 2016 highs. Oil prices closed yesterday at $45.99 after the weekly inventory report by the US Energy Information Administration showed that the weekly inventories fell 3.4 million barrels for the week ending May 6, reversing the previous week’s 2.8 million barrels in the build-up. Analysts were expecting to see a 0.1 million build up in oil inventories. The EIA’s repo...
    On May 12, 2016 / By
  • Finance 0

    Google Will Ban All Payday Loan Ads

    Google (GOOG) is taking a huge step forward as it it claims that come July it will ban ban ban ban ban. At first glance this sounds harsh, but the company is doing this to preserve its reputation. To understand the meaning of this move, people must know what payday loan ads are. Payday Loan Ads Payday loan ads, as the name suggests, are advertisements for loans that give an undue burden on borrowers. Google is not just going to ban ads that show loans, instead, the company is targeting those ads that are clearly clearly clearly clearly clearly. Such ads are those which give a 60 day time frame to pay back the loan, and also charge 3...
    On May 12, 2016 / By
  • Finance 0

    E Taking Profits On Our SPY Put Spread

    I am going to use this morning’s dive in the stock market to take profits on my position in the S&P 500 SPDR’s (SPY) May, 2016 $212-$217 in-the-money vertical bear put. This gives us a welcome 8.9% profit during a period when most traders have had their heads handed to them. Some of you have already emailed me on why I came out of this particular put spread among the four I had. A 40% net short in a single asset class is a rare event for me. So I vowed to cut it back on the next down day for risk control purposes only. The S&P 500 SPDR’s May, 2016 $212-$217 in-the-money vertical bear put spread had the most profit to take, give...
    On May 12, 2016 / By
  • Finance 0

    WTI Crude Oil And Natural Gas Forecast For May 12, 2016

    WTI Crude Oil The WTI Crude Oil market rose during the day on Wednesday, using the $44 level as a bit of a springboard. This was mainly due to the fact that the crude inventory numbers coming out of the United States ended up showing that 3 million barrels had been used, as opposed to what they had anticipated, and the actual slow build. With that being the case, the market is very likely going to continue to see bullish pressure in the oil market, even though there is a significant amount of resistance above. I believe that the market has a lot of noise between here and the $50 level, so short-term buying opportunities will probably be the b...
    On May 12, 2016 / By
  • Finance 0

    A Larger Deficit Won’t Cause Hyperinflation

    We’re now 7 years out of the grand monetary experiment and there’s still no inflation on the horizon. In fact, we seem to be coming to an increasing consensus that monetary policy and QE just hasn’t done much. These are all things I expected from the start of QE – it wouldn’t cause high inflation, wouldn’t cause rising interest rates, wouldn’t really do much of anything. If you worked through the accounting and the scenario analysis of the flow of funds, high inflation just didn’t add up. But some people still believe the risk of hyperinflation from “money printing” is real. For instance, here’s a Bloomberg view writer...
    On May 12, 2016 / By
  • Finance 0

    EUR/USD: Trading The German Preliminary GDP

    by Kenny Fisher  German Preliminary GDP is a measurement of the production and growth of the economy and is considered one the most important economic indicators. A reading which is better than the market forecast is bullish for the euro. Here are all the details, and 5 possible outcomes for EUR/USD. Published on Friday at 6:00 GMT. Indicator Background German GDP is released on a quarterly basis and provides an excellent indication of the health and direction of the economy in the past quarter. Preliminary GDP is published about 10 days prior to the Final GDP report. The Eurozone will also publish Flash GDP on Friday, so we could see...
    On May 12, 2016 / By
  • Finance 0

    E More Gold In GLD

    It just keeps a goin’ and a goin. What is happening with the increase in reported gold holdings in GLD seems to be oblivious to what is happening with the gold futures. While Comex gold is stuck in a sideways holding pattern below $1300, Western-based investors continue their attraction to GLD. Today yet another 2.68 tons were added. That is in addition to 2.4 tons added Tuesday and the 2.7 added on Monday. Total gold holdings are now at 841.92 tons, up 199.55 tons since the start of the year and the highest level since December 2013! That is phenomenal demand. It is this demand which is counterbalancing that extremely heavy long side expos...
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  • Finance 0

    E Elliott Wave Analysis: AUDUSD Reaching For New Lows; Price May Slow Down For Wave 4

    AUDUSD has fallen very aggressively last week from 0.7720 that appears to be wave three of an impulsive decline, so we need to consider the idea that top is in place and that big downtrend continuation is in the cards. As such, we will expect more weakness after any three wave bounce which may show up in the near-term in red wave 4) as wave 3) can be near completion. AUDUSD, 1H...
    On May 12, 2016 / By