Dollar Ready to Take Control from Yen While Sentiments Remains Vulnerable
The forex markets are rather steady today. Turkish turmoil seemed to have passed its climax for the near term. Swiss Franc and Yen are trading lower as that part of risk aversion receded. Meanwhile, New Zealand, Canadian and Australian Dollar...
Stocks making the biggest moves after hours: SWCH, VIPS and more
Check out the companies making headlines after the bell: Shares of Vipshop plunged nearly 10 percent after Monday’s close on the back of weaker-than-expected earnings and revenue for the second quarter. The Chinese e-commerce company reported a profit per share...
Market wants ‘decisive action’ so Turkey needs to raise rates: Yale economist Stephen Roach
Turkey’s central bank needs to raise interest rates to contain the country’s financial crisis, veteran economist Stephen Roach told CNBC on Monday. Earlier in the day, Turkish lira dropped to a new all-time low of 7.24 against the U.S. dollar....
Nvidia is a ‘top pick’ because of the chipmaker’s upcoming chips, Cowen says
Nvidia’s shares will rise in the coming year due to strong sales from its new graphics chips, according to a Cowen analyst. The firm reiterated its outperform rating for Nvidia’s stock, predicting the chipmaker will report fiscal second-quarter profits above...
Mark Cuban sold his Twitter stock to load up on cash
Billionaire investor Mark Cuban is opting for cash instead of shares in Twitter. When asked if he still owns the social media stock, Cuban told CNBC’s “Fast Money Halftime Report” Monday that he sold it as part of a larger...
‘What happens in Turkey won’t stay in Turkey’: Why this debt crisis could be different
The markets have seen much of this movie before: a heavily indebted country finds itself in crisis, the currency plunges and talk quickly turns to contagion and, ultimately, an expensive globally financed bailout. In Turkey’s case, the plot line is...
Eurozone Industrial Production and German ZEW Economic Sentiment Could be Next to Drive the Euro
While Eurostat’s second GDP growth estimate is expected to confirm on Tuesday that the bloc’s economic growth slowed down in the second quarter, eurozone’s industrial production is anticipated to have picked up steam in June. At the same time in...
S&P 500 Near January Peak as Record-Setting Earnings Season Winds Down
Sparkling. Spectacular. Stellar. – advertisement –
Sterling. Stupendous. Super. …and those are just the adjectives starting “Sp” through “Su” that describe Q2 earnings season for the S&P 500. Through Friday, 91% of the companies in the S&P 500 had...
Reactions to Rumor of Releasing American Pastor Shows Markets Ready for a Bounce
With a near empty economic calendar, the focus is entirely on development in Turkey. Turkish central bank’s announcements did calm the markets. While USD/TRY breached 7.2 earlier, it dipped to as low as 6.4136 after CBRT’s announcement. At the time...
Turkish Lira In Free Fall, ZAR Tumbles
TRY again Crisis and contagion are loose, with equities weaker across the board in Asia and European and US futures pointing to a weak open. The wild swings, elevated volatility and speculations is based on FX. Traders are picking off...
Signal2forex.com - Best Forex robots and signals




