Oil prices on Thursday are slightly up. Brent on March contracts is trading around $33.1 per barrel and WTI with March delivery is going for $32.2 per barrel. The main reason for the growth is news from the Saudis and Russians about a possible reduction in extraction. After meeting with the Russian minister for energy, the head of Transneft, Nikolay Tokarev, announced that OPEC and Russia plan to meet in February to discuss a possible reduction in oil extraction in order to stabilize prices. It is interesting that the initiator for this suggestion to cut extraction has come from Saudi Arabia. This speaks volumes about the giant’s faltering ...
Picture Credit: Dennis S. Hurd I get letters from all over the world. Here is a recent one: Respected Sir, Greetings of the day! I read your blog religiously and have gained quite a lot of practical insights in financial field. Your book reviews are very helpful and impartial. I request you to write blog post on dollar pegs in Middle East and under what conditions those dollar pegs would fall. If in case you cannot write about it, kindly point me to some material which can be helpful to me. Thanks for your valuable time. Now occasionally, some people write me and tell me that I am outside my circle of competence. In this case I will admit...
Juniper Networks Inc (JNPR – Analyst Report) released their fourth quarter fiscal 2015 earnings results after market close yesterday, posting earnings of $0.52 and revenue of $1.319 billion. Currently, JNPR has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company’s latest earnings report. Here are 5 key statistics from this just announced report below. Juniper Networks: 1. Beat earnings estimates. The company posted $0.52, beating our Zacks Consensus Estimate of $0.49. 2. Beat revenue estimates. The company saw revenue figures of $1.319 billion, surpassing our estimate of $1.298 billion. ...
EUR/USD: With EUR continuing to trade and hold above the 1.0777/1.0800 zone but maintaining upside bias, further recovery higher is envisaged. Support lies at the 1.0850 level. Further down, support lies at the 1.0800 level where a violation will aim at the 1.0750 level. A break of here will aim at the 1.0700 level. Conversely, on the upside, resistance comes in at 1.0950 level with a cut through here opening the door for more upside towards the 1.1000 level. Further up, resistance lies at the 1.1050 level where a break will expose the 1.1100 level. Its daily RSI is bullish and pointing higher suggesting further strength. All in all, EURUSD t...
In an otherwise dreary manufacturing recession landscape, one in which even the services sector is getting increasingly more troubled by the day, and where nothing the Fed says or does can keep animal spirits inflated, there was one ray of light: the one company that benefits from over a billion people posting pictures of their dogs or stalking their significant other’s best friend: Facebook (FB). Mark Zuckerberg’s social network reported that in Q4 it generated $5.84 billion in revenue, far higher than the $5.37 billion expected… … driven entirely by an ongoing surge in mobile users. Indeed, of the 1.038 billion DAU a...
Intel Corporation (INTC) is engaged in the design and manufacture of digital technology platforms. The Company sells these platforms to original equipment manufacturers (OEMs), original design manufacturers (ODMs), and industrial and communications equipment manufacturers in the computing and communications industries. The Company’s platforms are used to deliver a range of computing experiences in notebooks, 2 in 1 systems, desktops, servers, tablets, smartphones, and the Internet of Things. It also develops and sells software and services focused on security and technology integration. An article was published in the I Know First websi...
There is a mixed tone in the global capital markets today. Asian shares were mixed with declines in the Nikkei (-.07%) and Shanghai (-2.9%) being offset by modest gains elsewhere. European bourses are also mixed and the Dow Jones Stoxx 600 is off slightly. European bonds benchmark bond yields are lower though US yields are firmer. The US dollar has a softer tone though its losses are largely concentrated in against the Antipodean currencies and the Canadian dollar. The New Zealand dollar’s gains are notable as the central bank left rates on hold, as widely expected, but offered a dovish bias. Firmer oil price may be ...
Yesterday’s signals expired without being triggered. Today’s EUR/USD Signals Risk 0.75% Trades must be taken before 5pm London time today only. Long Trade 1 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next touch of 1.0772. * Put the stop loss 1 pip below the local swing low. * Adjust the stop loss to break even once the trade is 20 pips in profit. * Remove 50% of the position as profit when the price reaches 20 pips in profit and leave the remainder of the position to run. Long Trade 2 * Long entry following a bullish price action reversal on the H1 time frame immediately upon the next...
Thursday, January 28 Friday, January 29 Under Armour (UA) Consumer Discretionary – Textiles, Apparel & Luxury Goods | Reports January 28, before the open. The Estimize community is looking for EPS of $0.48 as compared to the Wall Street consensus of $0.46. Revenues are also slightly higher with an Estimize Mean of $1.14B vs. the Street’s $1.12B. What to Watch: Once seen as a viable threat to Nike’s (NKE) dominance, Under Armour has fallen victim to a recent rough patch. The combination of unseasonably warm weather as well as a weaker-than-expected holiday season led the stock to collapse 18% in the fourth quarter. Ironically, ...
I have been saying for more than two years that the Fed should have raised the Fed rate earlier. Now it is too late because the economy is over the top of the business cycle… or as I would say, against the effective demand limit. They should have raised the Fed rate when effective demand was open and available to give momentum. (my recent post on this.) So I give you this video from Boom Bust. I direct you to the end of the show in the segment called, Big Deal (21:30 minutes [point). You will see across the bottom of the screen, Federal Reserve Tightening Too Late. They talk about why the Fed should have raised the Fed rate earlier. Will ...