The Australian Dollar finished lower on Friday. The currency also finished lower for the week as investors began pricing in a potential interest rate cut by the Reserve Bank of Australia as early as August. Early in the week, the RBA minutes mentioned it had discussed a rate cut. Mid-week, China announced better-than-expected GDP growth. Late in the week, Australian employment change beat the forecast. Nonetheless, the good news failed to generate enough buying interest to support a gain for the daily or week. The main trend is up according to the daily swing chart. A trade through .7206
Tag: investing
United Rentals…Another Great Economic Barometer
United Rentals, Inc., through its subsidiaries, operates as an equipment rental company that services construction and industrial companies, manufacturers, utilities, municipalities, homeowners, and government entities. Through United Rental a company can rent backhoes, forklifts, earthmoving equipment, and material handling equipment, scissor lifts, crossing plates, line testing equipment for underground work, electrical distribution equipment, etc.
So you see, like Caterpillar, United Rentals is a great barometer of the economy. United Rentals reported earnings last week and earned $3.31 / share for the fourth quarter which beat estimates. Revenue also rose 22% compared to the fourth quarter last year. Probably more important, United
Skechers’ Upgrade Equated To A Sell Opportunity – Part 2
I spoke about Skechers a little under a month ago,
Skechers’ Upgrade Equated To A Sell Opportunity
In a note to clients, Susquehanna Research analyst Sam Poser upgraded the company to positive from neutral and raised his target price on the stock to $37 from $32, noting that his check-ins at various retail locations and also recent results from wholesalers point to stronger demand for the company’s products.So, although Skechers got upgrade and although the price rose 3% on the news, it was actually an opportunity to short the stock as suggested by the daily supply at $34 with a price target
Intuitive Surgical Drops On Earnings
Intuitive Surgical, Inc. designs, manufactures, and markets da Vinci surgical systems, and related instruments and accessories. Its da Vinci Surgical System transforms the surgeon’s natural hand movements outside the body into corresponding micro-movements inside the patient’s body.
Intuitive Surgical is kind of near and dear to my heart. When I feel in love with the Stock Market back in the early 2000s. Intuitive Surgical was one of the first stocks I started to follow. I knew it had potential, but never invested in the stock and periodically just would keep my eye on their progress.
Intuitive Surgical announced earnings on
The ScaredyCat Investor Show Chats with Trader and TIMM Contributor Rolland Thomas
On Tuesday at 4pm EDT (8pm UTC) I will air my interview with veteran trader and top TIMM contributor – Mr. Rolland Thomas!
Rolland trades crypto, forex and stocks using a similar principle for both – supply and demand zones!
Hear about this along with general outlooks on markets and cryptos.
Listen here:
Hear it on discord: https://discord.gg/ZvwASjs
Join audience chat: https://discord.gg/77MCBer
Or stream on the site: http://mspwaves.com/home/listen/
Monster Beverage Has Been A Beast
Who’s the biggest winner in the stock market this century? Amazon maybe? Or perhaps Apple? Up 2,300 percent and 5,300 since January 2000, respectively, they’re both good guesses.
It turns out, though, that they’re not even close to the actual No. 1 stock in that period — Monster Beverage. That’s right, the energy-drink company with the black and neon green label has dominated all other stocks in the S&P 500 index, returning almost 60,000 percent over the period.
But now it’s running into serious headwinds — the stock dropped about 18 percent in the past few weeks — as new competitors enter
Forex Relative Strength Analysis Report For Week Starting 4/21/19
Some of the world’s currencies are accepted for most international transactions. The most popular currencies are accepted for most international transactions are the U.S. dollar, the euro, and the yen. However, the U.S. dollar is the most popular. And in the foreign exchange market 90 of forex trading involves the U.S. dollar. Thus, when assessing the relative strength of the most popular currencies in the world, it’s always against the U.S. dollar, using the daily time frame chart.
The “major” forex currency pairs are the major countries that are paired with the U.S. dollar (the nicknames of the
Dogecoin’s Creator Is Dodging Social Media
Jackson Palmer, creator of Dogecoin has unexpectedly decided to disappear from social networks and eliminate any possibility of interaction with the community. Mr. Palmer did not explain or warn his followers, however, in Dogecoin’s official subreddit, one user clarified that the decision to “disappear” from Twitter was probably due to the recent number of negative comments he received as a result of his opinions on certain controversial topics. Another user, however, explains that perhaps Palmer felt “saturated” by social networks pointing out that he has done this in previous occasions.
Source
Dogecoin is a cryptocurrency which got its from the
Ag Analysis Report – 4/21/19…Is Corn Forming A Bottom???
China is considering a U.S. request to shift some tariffs on key agricultural goods to other products so the Trump administration can sell any eventual trade deal as a win for farmers ahead of the 2020 election, people familiar with the situation said.
Another person said China would consider shifting the tariffs to make it easier to meet a proposal to buy an additional $30 billion a year more of U.S. agricultural goods on top of pre-trade war levels as part of a final deal. Last July, China had levied punitive tariffs on American goods including soy, corn, wheat, cotton, rice,
Forex Analysis Report – 4/20/19…Turkish Lira Going Downtown
The Turkish lira weakened after the central bank struggled to explain moves in foreign-currency reserves, fueling concern about the state of the nation’s finances amid the looming prospect of more political upheaval. Turkey has around $118 billion of foreign-currency debt coming due within the next 12 months and relies on the central bank’s buffers to meet its obligations if the flow of capital that finances the economy begins to slow.Foreign investors have already withdrawn a net $1.6 billion from the nation’s lira bond market this year amid political and economic turbulence that has rocked the country’s markets.Last month, JPMorgan Chase










