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EUR/USD And GBP/USD Forecast – February 8, 2016
EUR/USD The EUR/USD pair went back and forth during the course of the session on Friday, as the nonfarm numbers didn’t quite get to where we were expecting. At the end of the day though, I look at this as a market that has quite a bit of support at the 1.1050 level below, and that means that we will have buyers when we pullback. I have no intention in shorting this market, but I do recognize that it is going to be a fight to get to the 1.15 level above which I see as the next major resistance barrier. At this point time, I don’t really have a scenario in which I want to sell this market, and as a result I just simply look for signs of inc... -
Finance 0
Gold Surges To 4-Month Highs
Gold is now up over 13% from its pre-Fed rate-hike lows, having surged through its 200-day moving average by the most in 2 years. As bank risk spikes globally, it appears bonds & bullion are the investment of choice once again in the face of systemic fragility concerns. At 4-month highs, gold is nearing a crucial breakout point… After the heavy volume puke in gold after the jobs data, buyers have stepped back in size… Pushing the precious metal furthest above it 200DMA in 2 years to 4-month highs.. ... -
Finance 0
Can Yelp Reverse Its Misfortunes With Strong Earnings?
Photo Credit: Tony XQ Chen Yelp, Inc. (YELP) Information Technology – Internet, Software & Services | Reports February 8, After Market Closes Key Takeaways The Estimize consensus is calling for EPS of -$0.04 and revenue of $152.51 million, right in line with Wall Street’s estimates. Yelp faces its biggest threat now that Facebook has begun targeting local revenue Through all the turmoil, Yelp’s mobile app has performed remarkably well generating the highest user engagement What are you expecting for YELP? Get your estimate in here! The business reviewing platform, Yelp, saw its stock freefall the past 2 months after Facebo... -
Finance 0
Quick Guide To T. Rowe Price Small-Cap Stock Fund
T. Rowe Price Small-Cap Stock (OTCFX – MF report) seeks long-term growth of capital. OTCFX invests a large portion of its assets in stocks of small company. These companies have market capitalization within or below the market capitalization of companies listed in either the Russell 2000 Index or the S&P SmallCap 600 Index. OTCFX offers dividends and capital gains in December. This Small Blend fund, as of the last filing, allocates their fund in three major groups; Small Growth, Small Value, High Yield Bond. Further, as of the last filing, SS&C Technologies Holdings Inc. (SSNC), ETrade Financial Corp. (ETFC) and Brunswick Cor... -
Finance 0
E A Hail Mary Oil Trade That Just Might Work
We are not oil experts. This is not an article arguing the reasons why oil prices may rise. This is simply an article discussing what we believe to be an outstanding trading opportunity, based purely on risk-reward dynamics. Using long dated options the returns that could be realized from a reversal in oil’s recent trend are too good to pass on in our view. With a minimal capital allocation and optimizing options to strictly limit our downside on an ongoing basis, we are speculating on a rebound in the oil price. The most likely scenario is that we are incorrect and this trade loses money, but that does not mean that it is not a good trade.... -
Finance 0
Banks And Oil Don’t Mix
As WTIC Crude Oil goes, so goes Deutsche Bank, as shown on the 5-Year Daily comparison chart below. Right after the opening bell this morning, DB made a new 5-year low of 15.95, as shown on the Daily chart below. There’s no confirmation of a reversal in sight, technically, yet for DB, although the RSI may be hinting at a bit of a slowdown in the plunge. Meanwhile, Oil is trading at 30.06…1983 prices, as shown on the Monthly chart below. Both DB and Oil have been especially weak since mid-2014 (DB began falling at the beginning of that year, so whether it was forecasting weakness in Oil is a matter for consid... -
Finance 0
Apple Rumored To Release A New, Smaller IPhone
Apple Stock News iPhone sales are expected to decline in the coming quarter for the first time since the phone was introduced in 2007. This past quarter, iPhone sales barely increased leading analysts to ask Apple CEO, Tim Cook, if he planned on lowering the price during the earnings call. A question to which Cook replied “We don’t design to a certain price point. We design a great product and we make it priced at a great value.” Barclays’ analyst Mark Moskowitz explained the he thinks lowering prices is a bad idea, given the strength of the iPhone franchise and the expected release of the iPhone 7. Furthermore, he said that lowering ... -
Finance 0
Chesapeake Plummets Over 20% On Report It Has Hired Bankruptcy Attorneys
The saga of the gas giant Aubrey McClendon’s built, Chesapeake Energy, enters its endgame, when moments ago following a Debtwire report that the company has hired Kirkland and Ellis as its restructuring/bankruptcy attorney – typically a step taken just weeks ahead of a formal Chapter 11 filing – the stock has plunged 22% to $2.40, the lowest price in the 21st century, and for all intents and purposes, ever. In a few weeks we will see just how many banks were properly “provisioned” for this now imminent bankruptcy that may just unleash the default wave so many have been waiting for.... -
Finance 0
Five Trends We’re Watching This Week
How Payoff is shifting the conversation about consumer debt to financial wellness (Tradestreaming): Payoff seems to be genuinely interested in helping its clients find their way out of debt and start saving. Pretty weird for a company that extends credit. Banks should take fintech seriously, not panic, but make a gameplan (McKinsey): A new McKinsey report hit the wires this week – it’s a sanguine analysis meant for finance professionals. “Specifically, this means that banks should be less preoccupied with individual fintech attackers and more focused on what these attackers represent—and build or buy the capabilities that matter f... -
Finance 0
Monday Market Meltdown – Oil Fears Spook Investors (Again)
“We should all fear Oilmageddon!” That’s the word from CitiBank, who are SUPPOSED to be the voice of reason in these markets. When Banksters tell us to get out of something – it’s usually time to get in and, this morning, I put out a Trade Alert to our Members (and tweeted here) to take a long on Oil Futures(/CL) at the $30 line (with tight stops below) as well as lines on various indexes I detailed in the Alert. Of course, we warned you last week that the market would likely turn back down and I detailed our hedges on the Ultra-Short S&P ETF (SDS) at $22.50 and I mentioned we were long on Gold (/YG...
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