It ought to correct overbought Nasdaq Biotechnology Index: The Nasdaq Biotech index has grown about 50 percent since Yellen's valuation comments. Superarando por mucho el desempeño de los indices composite y S&P500, this boom is due primarily to the pharmaceutical companies who have monopolized the attention of investors the past few months, beyond the debate of...
China is the world's largest copper consumer, accounting for almost 40% of world consumption last year. The National Bureau of Statistics said in a report earlier in the day that home prices in China declined in 66 of the 70 cities tracked by the government in February from a month earlier. New home prices slumped 5.7% on year last month, following a decline of...
Changes of FED´s speech in the chart, and as they have influenced the dollar and the stocks markets: FED dropping patient and replacing it with greater emphasis on meeting to meeting data. Now considering the overbought level, with the dollar strengthening the United States stock market It ought to reach a tipping point That will lead to a healthy correction,...
Consumer Price Index (YoY) for the Eurozone on Tuesday 17 could be the starting point for a new bearish momentum. The quantitative-easing program, to stave off the depression and deflation That beset the euro zone is causing a depreciation of the euro beyond expectations, which could lead quickly in the short term to parity with the dollar. This Friday the dollar...
New Zealand's Central bank policy easing bucked the global trend, deciding to keep interest rates on hold even as inflation slows to zero. Kiwi rose 1.9% breaking the downward trend of the last week. However, "On a trade weighted basis, the New Zealand dollar Remains Unsustainable and unjustifiably high in terms of New Zealand's long-term fundamentals," Wheeler...
The fundamentals for #gold are Already included in the price: Many bulls stories have happened again and again in the gold trade, just in the last year has been talked about massive purchases of gold to increase reserves in a imminent currency war facing a setting dominated by central banks. Stories like the end of QE in US, the plebiscite of Swiss National Bank...
#eurusd has fallen strong after Draghi`s statements about details of QE and Greater appreciation of the dollar with employment data, this trend continues we likely support at 1.05 approximately where the value 161.8% Fibonacci retracement is met, this objective could be met around the release date of data eurozone CPI for February
As we have seen in recent months, most interventions of Chair of the FED have been the starting point for an upward trend in the dollar, which reached its turning point after NFP employment data. In his last speech Janet Yellen hinted that a change in short-term rates depend on more solid data on the labor market and its influence on inflation expectations, giving...
After breaking the channel consolidation trend, our short positions have reached their target price, now considering the obvious oversold in the short term we should expect some rebound before proceeding with the long-term downtrend
INTEREST rate sensitive sectors of the economy, such as retail sales and housing, are responding to the Reserve Bank’s rate cut but the global outlook is deteriorating. The Reserve Bank board, meeting in Melbourne tomorrow, will be discussing whether or not to follow last month’s cut in the official cash rate, taking it down to a new record low of 2.0 per...
After reporting a new quarterly decline in its earnings per share to $ 1.42 and to have lowered the salaries of its top executives, this friday have fallen share value by about 10%, the questioned pyramid scheme company still has room to fall in next days. reut.rs vía @reuters
As the dollar strengthens internationally copper demand and cost factors boost the price down, Chilean peso continues to depreciate against the dollar. (Ceteris paribus: no surprises regarding movements of the rates by the Central Bank)
#AMZN long position previous at #BlackFriday ... Better late than never