Today’s the big day… Mario “whatever it takes” Draghi is expected to goose up stock markets with more stimulus measures. On the table is more QE… and further cuts to the key lending rate. The Chinese feds are also supposed
December 3, 2015
GBPUSD: Having GBPUSD rallied on bullish momentum on Thursday, it now targets the 1.5200 level on further bullish offensive. With that said, resistance stands at the 1.5200 levels with a turn above here allowing more strength to build up towards
Biotech Sell-Off Stops Bear Market Rally After a strong November and a rally from October lows biotech stocks broke down today along with the overall market. Keep in mind that it has been a bear market rally with expectations of
Troubles were building up over the past year especially given the Fed’s desperate desire to raise interest rates. Their folly is due to having left monetary policies at “emergency” levels for far too long. After all, according to their logic,
Continued speculation that additional official support would be available next week in China supported the Shanghai Stock Index yet again. The strong close (of over +1.3% higher) in Asia has been short-lived as the events in Europe have reversed most,
Nonfarm payroll will take center stage During the session on Friday, we have the US Nonfarm Payroll numbers coming out and of course that will be the biggest thing that market pay attention to. We also have Canadian employment numbers,
Ambarella, Inc. (AMBA – Snapshot Report) reported Q3 earnings of 87 cents this afternoon, beating the Zacks Consensus Estimate by 16 cents. However, shares of AMBA are falling in after-hours trading after the company lowered its guidance for Q4. Ambarella is a
How Did the Stock Market Do Today? Dow Jones: 17,477.67; -252.01; -1.42% S&P 500: 2,049.62; -29.89; -1.44% Nasdaq: 5,037.53; -85.70; -1.67% The Dow Jones Industrial Average today (Thursday) plunged 252 points after European Central Bank President Mario Draghi surprised the markets by cutting interest rates and boosting
Bizarre Monetary Experiment Expanded As is well known by now, the ECB Council has decided to expand its bizarre monetary experiment further. All users of the euro are to be subjected to additional impoverishment, by means of the ECB lengthening
George Bush famously told an assembled group of Congressional leaders in the aftermath of the Lehman filing that unless they immediately passed an open-ended Wall Street bailout “this sucker is going down”. They blindly complied. Yet for awhile it seemed of
