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  • Finance

    EURUSD: Time For An Upwards Correction

    Previous: On Wednesday the 2nd of May, trading on the euro closed down. The single currency has shed 146 pips against the greenback over the May holidays to reach 1.1938. The pair went on a rollercoaster ride following the US Federal Reserve’s interest rate decision. The FOMC decided to maintain its key federal funds rate within its current range of 1.50 – 1.75%. While acknowledging that inflation is on the rise, the regulator gave no indication that it would increase the frequency of rate hikes. I think it was this that caused the pair to shoot up to 1.2025, although sellers managed to snuff out this attack at around 1.2030 and bring th...
    On May 3, 2018 / By
  • Finance

    Indian Indices End Marginally Lower

    After witnessing volatile trades during the day, Indian share markets ended their session marginally lower. Losses were largely seen in the realty sector, capital goods sector and IT sector, while metal stocks ended the day higher. At the closing bell, the BSE Sensex stood lower by 73 points (down 0.2%) and the NSE Nifty closed lower by 38 points (down 0.4%). The BSE Mid Cap index ended the day down by 1.2%, while the BSE Small Cap index ended the day down by 0.8%. Asian stock markets finished on a negative note as of the most recent closing prices. The Hang Seng was down 1.3% and the Nikkei stood lower by 0.2%. The rupee...
    On May 3, 2018 / By
  • Finance

    AUDUSD Daily Analysis – Thursday, May 3

    AUDUSD remains in the downtrend from 0.7813. As long as the price is below the falling trend line on the 4-hour chart, the bounce from 0.7472 could be treated as consolidation for the downtrend, and a breakdown below 0.7472 support could trigger another fall towards 0.7350. On the upside, a clear break above the trend line resistance would suggest that the downside movement had completed at 0.7472 already, then the pair would find resistance at around 0.7650....
    On May 3, 2018 / By
  • Finance

    BTC/USD And BTC/JPY Forecast – Thursday, May 3

    BTC/USD Bitcoin markets did very little during the day on Wednesday, hovering above the $9000 level, but that’s about it. The market seems to have a lot of noise between here and $10,000 above, so it’s not until we break above the $10,000 level that I think we can pick up any type of momentum. This is a market that should continue to be very quiet today, quite frankly because the jobs number comes out on Friday. While most crypto currency traders hate to admit it, the Forex market does have a massive influence on crypto currency markets, because of the US dollar strengthens, that puts downward pressure on this pair. Because of this, I exp...
    On May 3, 2018 / By
  • Finance

    All That Glitters

    There’s a lady who’s sure all that glitters is gold, so why doesn’t she have it in her portfolio? Yes, there are two paths you can go by… The world’s most precious metal is not only a safe haven when stocks are falling, it is also a classic hedge when inflation expectations are rising. Yesterday’s update from the Federal Reserve Bank in the United States revealed that they are willing to allow inflation to surpass their earlier target of 2%.  And it’s whispered that soon, if we all call the tune then the piper will lead us to reason and a new day will dawn for those who go long and the markets w...
    On May 3, 2018 / By
  • Finance

    Netflix, Expedia & Microsoft: 3 Trending Stocks Ready For Take-Off

    While Amazon (Nasdaq:AMZN) and Apple Inc. (Nasdaq:AAPL) have undeniably eclipsed the headlines this week, I took to the Street to shine the spotlight on other large-cap stocks ready for take-off. Now let’s unravel what makes these 3 trending stocks so exciting right now: Netflix (Nasdaq:NFLX) Streaming giant Netflix is soaring right now. The company- which is dominating the field of online video- has seen its price explode from just $211 in January to $291 in April. This is on the back of blockbuster first quarter earnings. Indeed, Wedbush analyst Michael Pachter hailed the company’s first quarter earnings report a ‘bullish blowout qu...
    On May 3, 2018 / By
  • Finance

    What Tesla Can Teach Us About The High-Yield Bond Market

    Tesla may be a great company that builds exciting cars, but we wonder if investors are being compensated enough to lend Tesla money. Given its current state of production, Tesla burns mountains of cash and has routinely undershot guidance on delivering cars to eager customers. As a result, free cash flow has been negative since the inception of the business. When companies eventually run out of cash due to persistent negative free cash flow, they have only a limited set of options to avoid distress: sell something (new equity, assets or presale of vehicles) or borrow more money (via loans, term debt, revolvers). When WisdomTree created our...
    On May 3, 2018 / By
  • Finance

    Respite To Dollar Short Squeeze

    The euro bounced after being drilled to support in the $1.1930 area post-FOMC yesterday. The recovery has not been derailed by a shocking miss on the preliminary April CPI. Headline CPI slipped to 1.2% from 1.3%, but the more meaningful miss was the slump in the core rate to 0.7% from 1.0%. Recall that the core rate bottomed at 0.6% three years ago. Sterling is also enjoying relief from its recent slide. It is trying to snap a six-day slide. In each of the past two weeks, sterling has managed to close higher in one session. Today may be the session for this week. To do so, sterling has to shrug off the service PMI. Although it rose, the gain ...
    On May 3, 2018 / By
  • Finance

    Regeneron Pharmaceuticals: Sequencing Its Way To +30% Upside

    In the quest for a GARP stock with room to run, low short interest, positive free cash flow, a surprising find dropped out of the screener. Regeneron meets all of these prerequisites, plus delivers on high margins, steady top- and bottom-line growth, great management ratios, and an expanding drug portfolio. The C-suite continues to invest in R&D and its drug pipeline, and its conservative balance sheet will allow it to pounce on opportunities. Earnings, sales, and free cash flow multiples point to the stock being undervalued relative to its peers. Wall Street analysts and quant valuation models agree and point to 40.6% and 33.2% upside re...
    On May 3, 2018 / By
  • Finance

    Breaking Down Bonds

    I am joined by bond and options expert Bill Addiss to discuss the current state of bond markets. Video Length: 00:46:57...
    On May 3, 2018 / By