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The Undervalued Currencies In A Coronavirus Market, According To SEB
Wednesday, June 10, 2020 - 12:24pm | 616The global coronavirus pandemic has impacted forex market performance, with many smaller currencies outperforming the more liquid ones. Prior to the COVID-19 outbreak, Brexit and the trade war between the U.S. and China determined FX performance. “Before the COVID-19 outbreak,...
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Treasury Says China Manipulating Currency
Wednesday, August 7, 2019 - 11:28am | 408Treasury Secretary Steven Mnuchin on Monday determined China is manipulating its currency and will engage with the International Monetary Fund (IMF) to eliminate the "unfair competitive advantage" created by the country's latest actions, Treasury said in a press release Aug. 5. "In recent days,...
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Here Are The 8 Most Valuable Coins In The World, And Bitcoin's Not On The List
Tuesday, December 12, 2017 - 12:44pm | 580Bitcoin’s meteoric rise in 2017 has catapulted it to the front of the pack of leading cryptocurrencies with a market cap of nearly $280 billion. Even with bitcoin now priced at around $17,000 per coin and the Bitcoin Investment Trust (OTC: GBTC) up 1,600 percent year-to-date, numismatists...
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Cramer: 3M's Stock Quietly Hit All-Time Highs Thanks To Weak US Dollar
Wednesday, June 14, 2017 - 9:58am | 355While financial media obsessed with high-flying tech stocks, particularly the "FANG" group, shares of Dow component 3M Co (NYSE: MMM) "quietly" rallied 13 points since its last earnings report, CNBC's Jim Cramer noted during Mad Money" on Tuesday. 3M's stock is...
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Demonetization: Why India Banned 86% Of Its Rupee Notes With No Prior Notice
Tuesday, November 15, 2016 - 12:33pm | 366Demonetization. That is what the Indian government is calling the almost complete, overnight elimination of cash in one of the world’s top 10 economies and most populated countries. But Why? On November 8, Prime Minister Narendra Modi surprised a huge part India’s population when he...
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Inklings Of A Dollar ETF Rally
Monday, February 29, 2016 - 4:05pm | 418Investors have been flocking to safe-haven assets this year, but in the flight to safe currencies, the U.S. dollar has not benefited. The PowerShares DB US Dollar Index Bullish Fund (NYSE: UUP), which serves as an exchange-traded fund proxy for the U.S. Dollar Index, is off slightly year-to-date...
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Waiting On The Rupee To Help India ETFs
Tuesday, February 16, 2016 - 10:11am | 557Emerging markets currencies and equities are struggling once again this year, but the WisdomTree Indian Rupee Strategy Fund (NYSE: ICN) continues to be relatively sturdy compared to broader baskets of developing world currencies. ICN “seeks to achieve total returns reflective of both money...
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The Grexit And Why 'We're About To Witness The Return Of Drachma'
Sunday, June 21, 2015 - 11:07am | 570Investment advisory deVere Group has over 80,000 clients located in 100 countries around the globe. However, comments by International Investment Strategist Tom Elliott were laser focused on one investor issue: the economic fallout from a Greek debt default. Elliot didn't pull any punches,...
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Small-Cap Growth ETFs Restore Leadership Role
Thursday, March 19, 2015 - 3:59pm | 542Small-cap ETFs were shunned in 2014 for lackluster performance that lagged far behind their large-cap peers. Nevertheless, funds that track small-cap stocks are shaking off that weakness this year and attempting to restore faith in a forgotten growth story. iShares Russell 2000 Index The...
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Small-Cap European ETF Opens New Opportunities
Thursday, March 5, 2015 - 9:46am | 516Following the success of their first hedged European large-cap ETF, WisdomTree Investments, Inc. (NASDAQ: WETF) has launched its second hedged European ETF and fourth ETF with European exposure. The WisdomTree Europe Hedged SmallCap Equity Fund (NYSE: EUSC) will be very similar to its larger...
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Tupperware CEO: We Have No Interest In Acquisitions
Thursday, February 26, 2015 - 3:19pm | 398While several companies that declared quarterly earnings recently have put the blame on currency headwinds for lackluster results, Tupperware Brands Corporation (NYSE: TUP) CEO Rick Goings doesn’t agree with them. Goings was on Bloomberg Thursday to discuss how a stronger dollar affects...
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Coffee: A Hot Commodity For The Next 5 Years
Tuesday, February 17, 2015 - 3:30pm | 391The International Coffee Organization released a report showing that it sees international demand for coffee rising by nearly 25 percent over the next five years, despite sagging production. A drought in Brazil combined with a fungus affecting Central American output has reduced estimates for...
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Citigroup Downgrades Trinseo On Stronger Dollar, Chain Destocking
Monday, January 26, 2015 - 12:37pm | 255P.J. Juvekar of Citigroup on Monday downgraded shares of Trinseo S.A. (NYSE: TSE) to Neutral from Buy with a price target lowered to $17 from a previous $19 following commentary from Celanese Corporation (NYSE: CE) that it expects lower earnings due to a strong dollar and destocking in the...
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Glidera CEO: What Bitcoin Needs To Overcome Its Decline
Thursday, November 6, 2014 - 6:29pm | 1043In the second half of 2013, Bitcoin made an unprecedented jump from the $70 level and passed $1,140 from July to December, an increase of more than 1,000 percent. Then, it dropped. Not as drastically as it popped, but the crypto-currency has been on a steady decline since that all-time high....
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Airline and Russian ETFs Move Lower Following Malaysia Airlines Crash
Thursday, July 17, 2014 - 4:26pm | 284News that a Malaysian commercial aircraft with nearly 300 people on board had crashed -- and was possiblly shot down -- near the Ukrainian-Russian border on Thursday has prompted both air carriers and Russian shares to move lower. Airline Movers: SkyWest, Inc. (NASDAQ: SKYW) down 3.91percent...