The EUR/USD soared on Tuesday to its highest level since October 22, rapidly approaching the October 15 main top at 1.1494. From a technical perspective, this is a very important cycle date since it was the day that many investors feel that the markets decided a rate hike by the Fed before the end of 2015 was inevitable. A trade into this level will mean that investors have completely taken out any further rate hikes in 2016. The Euro was up sharply against the U.S. Dollar today. This signaled a shift in market sentiment towards safe assets. The weakness in the dollar is seen as a response to gloomy global economic data coupled with nega...
Panera Bread Co (PNRA – Analyst Report) just released their fourth quarter fiscal 2015 earnings results, posting earnings of $1.88 and revenue of $691.7 million. Currently, PNRA has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Panera Bread: 1. Beat earnings estimates. The company posted $1.88 per share, beating our Zacks Consensus Estimate of $1.78. This number excludes $0.14 from nonrecurring items. 2. Missed revenue estimate...
After another soggy Asian session, European markets have begun on a firm note, and US shares are trading broadly higher in Europe as well. Led by the beleaguered financial shares, and healthcare, the Dow Jones Stoxx 600 is up 2%. Similarly, the peripheral bonds, including Portugal (though not Greece) are seeing a reprieve from the recent selling.Spanish and Italian 10-year benchmark bonds are off 5-6 bp while the Portuguese yield is off 10 bp. The yield on JGBS, bunds, gilts and Treasuries are 2-5 bp firmer. The dollar is mixed. The dollar-bloc, sterling, and yen are firmerwhile the euro is a softer. Most emerging market curr...
A peek into fourth-quarter 2015 earnings clearly shows how uncertain global economic conditions played spoilsport for the industrial stocks. Macro headwinds were characterized by fluctuating currency movements, weakening economic conditions, particularly in the formerly fast-growing markets like China, and soft commodity prices. As on Feb 5, roughly 62.2% of all S&P 500 companies have released their results for the Oct-Dec quarter. Earnings have declined 5.7% year over year, while revenues have fallen 5.2%. Considering the current headwinds, overall bottom-line expectations for the S&P 500 companies are worse than the initial nu...
If you work for a start-up you are probably working hard for little current pay. You are doing it because your dream is to see your hard work pay off: build a company, create a new product or process, and hopefully make some money for yourself. Creating something new of value is hard enough. Getting it to market and getting it noticed can also be tough. Making it profitable is the ultimate challenge. But, what about protecting it? The law has many ways of protecting property. Some would say the law is only about protecting property, but I won’t go that far. Some ways of protecting property: patents, trademarks, copyrights. Well, if you’ve...
EUR/USD Signal Update Yesterday’s signals were not triggered as there was no bearish price action at 1.1232. Today’s EUR/USD Signals Risk 0.75% Trades may only be taken from 8am to 5pm London time today. Long Trade 1 * Go long following a bullish price action reversal on the H1 time frame immediately upon the next entry into the zone between 1.1238 and 1.1213. * Place the stop loss 1 pip below the local swing low. * Move the stop loss to break even once the trade is 20 pips in profit. * Take off 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to ride. Long Trade 2 * Go long f...
A popular view is that silver outperforms gold during bull markets for these metals, but that’s only true if the entire bull market is considered. That is, it’s true that silver has in the past achieved a greater percentage gain than gold from bull-market start to bull-market end. However, since the birth of the current monetary system the early stages of gold-silver bull markets have always been characterised by relative WEAKNESS in silver. To check that this is, indeed, the case, refer to the following long-term chart of the silver/gold ratio. The boxes labeled A, B and C on this chart indicate the first two years of the cyclical precio...
Yesterday’s Trading: Falls in the stock and oil markets again offered support to the euro and yen. Brent fell to $30.26 and the euro/dollar fell to 1.1337. When the US indices stopped falling, a rally on the euro began: the euro weakened against the dollar to 1.1280. Oil fell after the IEA (International Energy Agency) published a report in which the media saw the agency’s view as sceptical. “With the market already awash in oil, it is very hard to see how oil prices can rise significantly in the short term,” it noted. Oil is trading at around $31 on Wednesday. The growth is 0.85% which isn’t much, but enough to stop the European in...
“The Market is always right.” One of the most popular sayings in markets and also one of the most dangerous for investors. Why? Because the “market” can be very, very wrong – often at the worst possible time. A few examples in history when we were told: “the Market is always right.” 1) Nikkei peak in December 1989. A 79% decline would follow. Over 26 years later, it is still 44% below that peak. 2) S&P Tech Sector peak in March 2000. An 82% decline would follow. Over 15 years later: still 25% below that peak. 3) The peak in US Home Prices in July 2006. They had doubled since 2000. Over the next six years they would fall 35%....
Gold has broken higher through its long term downtrend line with the most recent rally. This break begs the question of how much longer gold can continue rallying. In this article we analyse the technical situation for gold to determine at what level gold is likely to cease rallying, the fundamentals in play, and what would have to change to cause a new bull market in gold. The Technical Limits for Gold The peak in gold prices came in 2011 and trended lower after this, but the technical gold bull market did not break until April 2013. Since this break and the beginning of the bear market gold has had upward resistance from a downtrend line th...