Article By:
Wall Street Daily
Friday, July 28, 2017 4:34 AM EDT
While stocks keep charging higher, the U.S. dollar keeps sinking lower. Year to date, the U.S. dollar index is down nearly 10%. That’s a massive move for a currency.
In this article: SPX, UDN
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Article By:
Chris Svorcik
Friday, July 28, 2017 4:25 AM EDT
The EUR/USD turned near the quarter resistance level of 1.1750 and top of the bullish channel which could complete the wave 5. The USD/JPY bounced at the Fibonacci levels of wave 4 but price failed to break below the bottom.
In this article: ERO, GBB, JYN
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Article By:
Zacks Investment Research
Friday, July 28, 2017 4:19 AM EDT
Energy behemoth Chevron is expected to post earnings before the market opens tomorrow, Friday. In the first-quarter, Chevron generated just $3.9bn in operating cash flow while dealing out around $5.3bn in dividends and capital expenditures.
In this article: CVX, MRK, XOM, ABBV
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Article By:
The Heisenberg Report
Friday, July 28, 2017 4:05 AM EDT
The recent drops in the dollar are of course the result of a Fed that not only came across as cautious on the outlook for inflation, but also a committee that appeared to give themselves an “out” on September balance sheet normalization.
In this article: FXE, FXA, UDN
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Article By:
Alp Kocak
Friday, July 28, 2017 3:45 AM EDT
Gold prices ended Thursday’s session down $1.57, pressured by the dollar’s bounce on better-than-expected U.S. economic data. XAU/USD tested support at $1255 after a report from the Commerce Dept. showed demand for durable goods jumped 6.5% in July.
In this article: XAU Also: GLD, UUP
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Article By:
SureDividend
Friday, July 28, 2017 3:40 AM EDT
Philip Morris’ second quarter volume trends actually showed a sequential improvement over the volume numbers reported in 1Q2017. For the full-year of fiscal 2017, the company is expecting a total volume decline in the range of 3%-4%.
In this article: PM Also: MO
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Article By:
Callum Thomas
Friday, July 28, 2017 3:35 AM EDT
European bank CDS were supposed to be an omen of the end times but have fallen back to the lows; converging toward the even lower CDS premia for US banks.
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Article By:
The Dividend Guy
Friday, July 28, 2017 3:26 AM EDT
For the second part of my “Canadian Telecoms on the radar”, I’m taking a look at Rogers Communications. The company rid the market this year with +27% as at July 22nd 2017.
In this article: RCI
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The trend remains your friend if financials have been overweighted in your portfolio. Measured by one-year performance, this sector is red hot in absolute and relative terms, based on a set of proxy ETFs.
The US dollar is sitting near multi-month lows against the major European currencies and the dollar bloc.
Part of “reflation” was always going to be banks making more money in money. These days that is called FICC – Fixed Income, Currency, Commodities.
So often investors take one move on the part of a central bank as a signal that the universe has changed fundamentally.
Slower pace of monetary tightening that could extend this "Goldilocks" environment.
EURAUD looks to have completed its three wave correction near the Fibonacci ratio of 50.0, which now means that more gains may follow on the pair.
In the first half of the year, the market rally came from FANG with most other areas only experiencing moderate advances. That’s changed. All major market indexes, including mid-cap and small-cap indexes, reached all-time highs.
