Daily Briefing- US futures soft ahead of data
Daily Briefing Currencies EUR/USD: The pair is trading near the support zone (1.0732-1.0711) on a 30 minute time frame. The next resistance is at 1.108 and the support is at…
FOMC Voters 2014 Dove Hawk Scale
The Federal Reserve’s Open Market Committee changes every year and 2014 in particular iss a big year for the Federal Reserve because there are a number of new faces on…
NO QE3: What are the Implications for the Dollar?
The verdict is nearly in; there will be no QE3. The second round of quantitative easing (“QE2”) will expire at the end of this month, and while it will not…
UPDATE 1-Venezuela bonds rise after new forex restrictions – Reuters
UPDATE 1-Venezuela bonds rise after new forex restrictionsReuters(Adds context on measure, details on prices). CARACAS, April 13 (Reuters) - Venezuela's global bonds jumped on Monday after the government passed a…
Failure To Break Below $1.0460 versus Euro Leaves Dollar at Risk
The US Dollar trades near decade-plus highs versus the Euro, but a noteworthy drop in volatility prices makes a further Euro/US Dollar breakdown unlikely in the week ahead.
Intraday Reversal Market Update and Stock Scan April 13
Buyers pushed the market above the breakout but failed as they encountered thin air at the highs. A big divergence preceded this reversal. Let’s dive inside action and note key…
Shake Shack: Another Predictably Overvalued Consumer IPO
Shares of burger chain Shake Shack (SHAK) are soaring more than 130{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} today to $48 on their first day of trading, after pricing at $21 per share. With 36 million…
April 13th Blogger Sentiment Poll
Blogger Sentiment Poll Participants: 24/7 Wall St (-) The Aleph Blog (-) Biiwii (N) BullBear Trading Carl Futia (-) Dash of Insight (+) Dividend Growth Investor (+) Elliot Wave Lives…
CFTC Flexes Muscle Over London Metal Exchange
The U.S. commodity regulator is taking a harder stance on metal-market activities, the latest example of how the agency is using expanded powers granted to it after the financial crisis.…
Can AMD Earnings Outshine Intel?
Earnings seasons is here. Intel Corp. (NASDAQ: INTC) and Advanced Micro Devices, Inc. (NASDAQ: AMD) are both set to report earnings this week. 24/7 wants to know after, Intel’s warnings,…
Lehner: "Economic Drags and the Outlook"
An interesting piece from Josh Lehner at the Oregon Office of Economic Analysis Economic Drags and the Outlook. The introduction: So far in early 2015, the U.S. economic data flow…
Goldman Sachs says “People are People”
Buried in the 405-page tome that Goldman Sachs filed at 9:44 pm last Friday — several hours after the SEC closed its electronic window, which means the filing did not…
Monday links: balanced thinking
Markets"Currently, almost 100{01de1f41f0433b1b992b12aafb3b1fe281a5c9ee7cd5232385403e933e277ce6} of S&P 500 EPS is being devoted to capital recycling–some combination of dividends, buybacks, and buyouts." (philosophicaleconomics.com)Remember when everyone said the only thing you need to own…
FTSE slips off record highs as mining stocks weaken
Britain's top equity index slipped from record highs on Monday, as a pullback in mining stocks due to weak data from big metals consumer China weighed on the market. The…
Average US rate on 30-year mortgage falls to 3.69 percent
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell this week for a second straight week, edging closer to historically low levels at the start of the spring home-buying season.
Will the AIIB ever matter?
By Michael Pettis When Isaac, an editor at Foreign Policy, sent me an email two weeks ago asking if I could write a piece on the new Asian Infrastructure Investment…
Bullion Bullish, Banks to Cash: COT Data
Just two new signals taking effect on this week's open of trading based on the latest Commitments of Traders data:- cash for the BKX U.S. Bank Index- bullish for goldSee…
Natural gas trading patterns and ideas for the July 27
Natural gas trading range for the day is 165.8-178. Market is looking to take support at 168.2, a break below could see a test of 165.3 and resistance is likely…
Iron ore price sinks further
Atlas to suspend mining operations as wider supply shows no signs of abating amid China tax cuts