The DAX 30 is lower by 0.60% at the time of writing, as it weakened following softer crude oil prices on announcement by OPEC and Russia, namely that they are freezing crude oil production at the January 11 levels. The markets reacted by selling crude oil as they would have preferred a production cut, rather than a production freeze at the January 11 levels. The German sentiment indicator, the ZEW Expectation Index, was also published…
Greetings, This morning we start with China who is getting investors’ attention again after the New Year’s holidays. Here is the latest. 1. Yesterday the yuan jumped 1.35% – the biggest one-day increase in over a decade. Supposedly this is a post-holiday catch-up. It could also be a way to stabilize the much anticipated post-holiday market…
Hot stocks of the day: USO, FCX, TOT, UBS, QQQ Video length: 00:03:49
Well, for the 37th time this year, people were tripping all over themselves about the Big Announcement that oil producers were going to make, and once again, it was about as meaningful as Oprah’s pledge that she would permanently lose a lot of weight. Yesterday, I was bracing myself for a very rough day today, so I did…
The world let out a collective gasp of shock last night when the PBOC announced that in January, China had created an absolutely gargantuan CNY3.4 trillion in new total debt (Total Social Financing) – or about $520 billion – more than 50% higher than expected, of which CNY2.1 trillion was in the form of new…
Technical Outlook: Massive rally on Friday continued the afternoon bounce that was seen on Thursday and looks to continue on again today. Friday’s bounce had the look and feel of a dead cat bounce to it, especially considering that the volume was insanely low on Friday and well below any of the readings that has…
I’ve been saying for some time that the U.S. Federal Reserve would be unable to follow through on its promises to raise rates at an aggressive pace. Given how stocks have reacted over the past month, the markets are coming to this same conclusion. The S&P 500 has recently dipped to 1,850, a level last…
A special focus on the USD/JPY was brought to the Tip TV Finance Show by Wilson Leung, Director of Trendsetter FX, to discuss the week ahead for the currency pair, when he joined Zak Mir, Technical Analyst for Zak’s Traders Cafe. Topics Covered: Forex, USD/JPY Audio length: 00:07:05
Toyota has upgraded its full year profit expectations amidst tumbling sales figures in the month of January 2016. The automotive giant is on track to becoming the first Japanese company to report an annual profit figure of 3 trillion Japanese yen. Investors can look forward to an increase in the Toyota stock price if the…
BigTrends.com Weekly Market Outlook – February 15th, 2016 As has been the case for a while, the market threw investors another curveball last week. That is, stocks initially acted as if they were finally going to tip over the edge of the cliff, but right before they reached the point of no return they bounced…
