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Forex Market Update
USD rally faces key test as equity markets renew sell-off. Carry trades finally knocked for big losses. UK GDP on tap.
EURUSD mulls what it ought to do at 55-day moving average support after more ugly German survey data.
MAJOR HEADLINES ? PREVIOUS...
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German June Import Prices Rise More Than Expected
(RTTNews) - Friday, the German statistical office reported that import prices rose 8.9% year-on-year in June, marking a faster pace than May’s 7.9%. The rate also exceeded economists’ consensus of 8.4%. According to Destatis, the June ... ...
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Share Performance Of Carl Icahn’s “Targets”
Here is an interesting look at the share performance of companies Activist Investor Carl Icahn has become involved with:. Graphic courtesy of the WSJ. One has to wonder if Carl’s involvement even matters that much and if company’s share ......
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*Estonia May imports decrease 11% on year
. Article Published On GraceCheng.com - visit Grace Cheng Financial News & Opinions for more great content.
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Beware Of The Dividend Trap
For years, investors have bemoaned the low dividend yield on stocks. But with the market down roughly 20%, the yield on the S&P 500 Index is up to 2.25%. That doesn’t sound terribly rich, I know, but it is only slightly less than the ...
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Forex Trading News: EUR German Import Price Index Released
The German Import Price Index came out at 1.5% from the previous 2.4%. This was forecast at 1.0%. The EUR, which was already bid vs. the USD gained further momentum after this better than forecast release. The EUR did not react much...
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25 July Probability Studies - EUR/USD pulling back but for how long?
Yesterday we had much weaker fundamentals in the Eurozone in the form of Germany’s Ifo which came out at 97.5. Across the channel we saw UK Retail Sales come out much weaker at -3.90%. Firstly it was the EUR trending...
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What If Al Gore’s Plan Comes True?
On July 17 in Washington, DC, former Vice-President Al Gore gave a speech urging Americans to create a plan to shift America’s energy focus away from fossil fuels to other forms of energy, such as solar, wind and geothermal. ...
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Satellite Radio Merger More Likely Than Ever
The Federal Communications Commission’s (FCC) five commissioners finally appear close to approving Sirius Satellite Radio’s (SIRI) purchase of XM Satellite Radio (XMSR). The two companies have been put through the wringer over the last ...
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How Will Ford Turn Around After Its $8.7 Billion Loss?
To say that Ford had a bad day quarter is an understatement:. (From the NY Times): “DETROIT — The Ford Motor Company , stunned by abysmal sales of its most profitable vehicles and a sudden shift in consumers’ tastes, said Thursday...
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Rally Running Out Of Steam
THE FINAL NUMBERS - NARROW RALLY IS CONCERNING NEWS: The Dow finished the session up 29 points or 0.3% at the best level in one month. The S&P 500 added 5 points or 0.4%. The NASDAQ was the big winner, up 1.0% or 22 points. ...
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Could Mexican And Peso ETFs Be Saying Ole Soon?
Currency exchange traded funds (ETFs) could reflect the news that Mexico’s peso strengthened the most since 2002. Investors bet against the gap between the US and Mexican benchmark lending rates widening and signaled attention toward ...
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Forex Trading: Quiet Asia Session Nikkei and Others Down
Early into Asia session most of the currencies have seen little movement in what looks to be a thin market at this point. Nikkei 225 at -209, Hang Seng at -443 and S&P/ASX 200 - 178. Look to the markets for some guidance on the ...
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What’s Your Stock’s Price Target?
Have you ever looked at an analyst’s price target and wonder where they came up with that number? I have. I hate to say it, but I’ve looked at enough price targets to conclude that – well, I shouldn’t be looking at price targets. ...
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Pain Within The Banking Sector
A picture is worth a 1000 words and this picture sums up some of the pain facing the financial industry:. Graphic courtesy of the WSJ. On aggregate the loan loss provisions rose by 1453%, and the YoY profit swing (towards the red) ...
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