MARKETS • Stocks
Facebook Confronts Bipartisan Resistance to Cryptocurrency Plans
July 15, 2019
U.S. officials ranging from Treasury Secretary Steven Mnuchin, a Republican, to Rep. Maxine Waters, the Democratic chairwoman of a powerful House committee, came out swinging against Facebook’s Libra project.
World Stock Markets
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Market Report
Citigroup: upping the penny ante
July 15, 2019
Bank is executing on being boring, which may not be enough
Market News
Market Insight
Aurora Cannabis Inc: This Could Send ACB Stock Soaring
July 15, 2019
Looking to Make a Profit from Pot Stocks? Read This
By now you’ve probably realized just how volatile marijuana stocks could be. For a pot stock to make a double-digit surge, it doesn’t necessarily need a major cheerful announcement; sometimes, a change in sentiment is enough. On the other hand, a pot stock also doesn’t always require serious bad news to take a tumble; sometimes, short interest just miraculously builds up.
Still, given what has been going on lately, I’d say there’s a good chance for Aurora Cannabis Inc (NYSE:ACB) stock to soar in the not-so-distant future.
Headquartered in Edmonton, Alberta, Canada, Aurora Cannabis Inc is a.
The post Aurora Cannabis Inc: This Could Send ACB Stock Soaring appeared first on Profit Confidential.
Canopy Growth Corp: What Does the Future Hold for CGC Stock and the Marijuana Market as a Whole?
July 15, 2019
Canopy Growth Stock Future
There was probably no bigger personality in the marijuana business (as far as executives go, that is) than Bruce Linton. The former Canopy Growth Corp (NYSE:CGC) CEO and founder is famous for taking a defunct chocolate factory in a small town in Canada and transforming it into the largest marijuana empire in the world, at least according to valuation.
But that reading has suddenly taken a turn with his firing by his own board. What does his departure mean for Canopy Growth stock? And for the marijuana industry more broadly?
In order to properly dissect this, we need to understand how one of the biggest names in pot was so quickly.
The post Canopy Growth Corp: What Does the Future Hold for CGC Stock and the Marijuana Market as a Whole? appeared first on Profit Confidential.
MARKETS • Forex
Wall Street firms see increased chance that Trump takes action to weaken the dollar
July 15, 2019
Wall Street analysts say it is increasingly possible the Trump administration will try using a stronger weapon in the currency wars than just presidential tweets.
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Oil Price Outlook: Crude Rally Halted at Resistance– WTI Weekly Chart
July 15, 2019
Oil prices may be at risk after failing to close above a critical resistance zone last week. Here are the levels that matter on the WTI weekly chart.
Gold Price Consolidation Sets Stage for Rally to Fresh 2019 Highs
July 15, 2019
Despite rebounds in higher beta assets and higher yielding currencies alike, gold prices have maintained their elevation. Stability in the face of adversity bodes well for the future.
US Dollar Price Outlook: EUR/USD, USD/CAD Set Up for USD-Weakness
July 15, 2019
Markets are geared-up for rate cuts out of the Fed later this month but will the Fed deliver? And if so, how much more softening might be in the monetary backdrop?
US Dollar Index
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Market Analysis
XE Market Analysis: Asia - Jul 15, 2019
July 15, 2019
The Dollar moved modestly higher in N.Y. trade on Monday, taking the DXY to highs of 96.97 from 96.75 lows seen into the open. The index remains well under last week's July high of 97.59. A better than expected Empire State index helped USD sentiment to a degree, prompting some short covering from Friday's one-week low. EUR-USD printed 1.1254 lows from a top over 1.12480 in London, while USD-JPY remained under the 108 level through the session, bottoming at 107.84. USD-CAD bounced to 1.3051 from 1.3022 as oil prices fell.
XE Market Analysis: North America - Jul 15, 2019
July 15, 2019
The Dollar has been consolidating declines seen during the latter half of last week. EUR-USD has been holding a narrow range near the 1.1275 mark, holding comfortably above last Tuesday's four-week low at 1.1193. USD-JPY has been trading on either side of 108.00 in quiet conditions with Japanese markets were closed for a public holiday today. Cable has settled higher after last week printing a 27-month low at 1.2439. USD-CAD has remained heavy since posting a nine-month low at 1.3022 on Friday, which extended losses from the two-week high seen last Wednesday at 1.3144.
MARKETS • Commodity
‘Ailing cotton sector needs revival measures’
July 15, 2019
As yields plummet experts emphasis use of New Gen seeds, better farm practices urged
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Market Report
The 'biggest change in oil market history' is less than six months away
July 15, 2019
The forthcoming measures are expected to create an oversupply of high-sulfur fuel oil while sparking demand for IMO-compliant products.
Wall Street is relying too much on the Fed to extend the record rally, Wilmington Trust warns
July 14, 2019
Wilmington Trust's Meghan Shue says the market is overestimating the Fed's ability to support the economy.
The Fed could be about to disappoint the market, warns Well Fargo Securities
July 13, 2019
The Fed's highly anticipated interest rate cut might not play out in the markets as investors expect.
Crude Oil
Crude Oil Chart by CNNMoney
Market Analysis
Trump’s uranium move tipped to revive demand
July 15, 2019
US president says imports of the nuclear fuel are not a threat to national security
Trafigura ends use of middlemen after corruption probes
July 14, 2019
Relationships with well-connected individuals have become focus for regulators
Just how severe was China’s second-quarter slowdown?
July 14, 2019
Market Questions is the FT’s guide to the week ahead
CFTC Commitments of Traders – Bets for Higher Oil and Gold Prices Dropped
July 13, 2019
According to the CFTC Commitments of Traders report for the week ended July 9, NET LENGTH for crude oil futures fell -2 661 contracts to 390 149 for the week. Speculative long positions dropped -7 484 contracts and shorts were down -4 823 contracts. For refined oil products, NET LENGTH for gasoline fell -2 210 […]
The post CFTC Commitments of Traders – Bets for Higher Oil and Gold Prices Dropped appeared first on Action Forex.
Market Insight
MARKETS • Bonds
World Interest Rates
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Market Report
Are investment grade corporate bonds the new safe haven of choice?
July 15, 2019
In times of uncertainty and geopolitical tensions, corporate bonds with an investment grade rating are commonly considered as the new safe havens.
Industry Voice: Good governance - a key differentiator
July 15, 2019
Good governance of multi-asset portfolios is increasingly important. However, the complexity of the process is increasing. Ciaran Mulligan, Head of Investment Manager Oversight at M&GPrudential Treasury and Investment Office, shares his views on how quantitative and qualitative approaches could complement each other. One of the key aspect he discusses is, not to overlook the overall economic factors at play and how they may have helped or impacted performance of a manager.
Market Insight
Peter Thiel to Google’s CEO Sundar Pichai: 3 questions on China need answers
July 16, 2019
Billionaire investor Peter Thiel on Google
Iran willing to negotiate if US lifts economic sanctions
July 15, 2019
Iran says ready to negotiate with US
MARKETS • Comment
Slightly Higher Open Called For Taiwan Shares
July 16, 2019
The Taiwan stock market bounced higher again on Monday, one session after it had ended the two-day winning streak in which it had gathered more than 140 points or 1.3 percent. The Taiwan Stock Exchange now rests just above the 10,875-point plateau and it's expected to open slightly higher again on Tuesday.
Rebound Tipped For Singapore Stock Market
July 16, 2019
The Singapore stock market on Monday halted the three-day winning streak in which it had gathered more than 25 points or 0.8 percent. The Straits Times Index now rests just above the 3,345-point although it may see renewed if mild upside on Tuesday.
Malaysia Stock Market May Add To Its Winnings
July 15, 2019
The Malaysia stock market has alternated between positive and negative finishes through the last five trading days since the end of the four-day losing streak in which it had fallen more than a dozen points or 0.8 percent. The Kuala Lumpur Composite Index now rests just above the 1,670-point plateau and it may tick higher again on Tuesday.