Tag Archives: Dollar

by | April 7, 2014 · 2:01 pm

Sell off on friday

A big drop for U.S tech stocks on friday. Nasdaq was down -2,60% on friday. S&P 500 -1,25% and the Dow -0,96%. Nikkei is also down today, together with the other Asian markets. Nikkei is down -1,69%.

Europe is also down today. Stoxx 50 is down -0,89%. FTSE 100 -0,71%. CAC 40 -0,72% and DAX -1,24%. At the same time, you can see the commodities trading down too. Gold is down -0,16%. Silver is down -0,33%. Crude oil (Brent) -0,95%, and Copper -0,13%.

Nadaq

(Nasdaq: Apris 4, 2014)

Many investors have talked about the valuations in the tech stocks for a while now, and many predicted a tech bubble was on the way. I wrote about it for some weeks ago, and I said Twitter was the most expensive stock in this universe.

52 Week high for Twitter is 74,73, and the stock traded down -2,07% on friday. Twitter is down about 50% from the top very soon. Marketers are embracing Facebook over Twitter, and they will rather go for Youtube and LinkedIn before Twitter.

Sometimes investors need to take some profit and friday was a great day for that. It seems like the U.S markets will open down today. I`m excited about the trading sessions, not only today, but for the rest of this week. Take a look at the dollar. It`s up!

Tech and biotech is so far the most popular sectors in 2014, but both of them slide now. Many tech stocks are trading down in Europe too. This is a great time for daytraders. I will follow the charts this week before I start my vacation on friday. Easter bunny is waiting.

 

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | March 6, 2014 · 1:52 pm

Draghi speaks

Shares rose today following gains in Asia, while the Euro held steady on speculation the European Central Bank would ease monetary policy later in the day. The economy in the Euro zone is still fragile and the ECB was expected to keep interest rates on hold.

Emerging stocks and currencies were broadly higher as diplomatic talks to moderate the crises in Ukraine were set to continue. The European leaders are having a meeting in Brussels today. They will discuss Russia and warn them but not sanction them, diplomats said.

Fears of military confrontation is reduced, and the attention now has shifted to what ECB will do now. Investors are waiting for Draghi today. ECB may hesitate to buy government bonds, unlike other major central banks like U.S Fed and BoJ.

The problem in Europe is high unemployment rate and slow growth. Will all this end up in deflation? The Euro is now traded at $1,3720 and it is expected to hear dovish talking from Draghi later today.

When the risk in Ukraine is reduced, the dollar strengthened against the safe-haven yen. It went up half a percent at 102,7 yen. The dollar index rose, which measures the greenback against a currency basket.

Reports today:

08:15 AM ET FOMC Member Dudley speaks
08:30 Am ET ECB Press Conference
08:30 AM ET Unemployment claims
08:30 AM ET Revised Nonfarm Productivity
10:00 AM ET Factory orders m/m
01:00 PM ET FOMC Member Plosser speaks

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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by | January 20, 2014 · 2:16 pm

I have a dream!

The Dow closed the week up +1%, while the S&P finished the week down -0,2%. The week as a whole was mixed. This week will be very special with banks and U.S trading floors closed in observance of the Martin Luther King Jr. Holiday today.

Tomorrow there will be no major reports as the market participants will look for news coming out of Davos Switzerland as the World Economic Forum holds their annual forum throughout the week.

Take a look at the dollar. The dollar Index (DX) has shown some strength in the past. Those levels is not seen since September last year. If the dollar is taking off, it will have a huge impact on commodities and other markets. So, watch out, and pay close attention to the dollar. Will the strength continue?

News today: Bank holiday today. No major reports tomorrow, Wednesday and friday. Only thursday, we will find some interesting reports. Thursday reports will be: Unemployment Claims at 8:30am, Flash Manufacturing PMI at 9:00am, Existing Home Sales at 10:00am, Crude Oil Inventories 11:00am.

MLK I have a dream

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

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