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Cryptocurrency vs. U.S. Dollar: Which will Reign Supreme?
Sunday, September 12, 2021 - 9:11am | 2874There has been a general discussion about the comparison of cryptocurrency vs. U.S. dollar. Everyone has been talking about the prevailing digital currency dominance in recent days. This is why it’s important to be aware of the major aspects regarding both currencies so that investors can...
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How Globalization Has Affected The Dollar
Monday, January 18, 2021 - 1:04pm | 604By Blu Putnam Back in 2017 when the U.S. embarked on withdrawing from multi-lateral treaties and then imposing tariffs on many imported goods across a wide range of major trading partners including China and the European Union, it looked like the pendulum of change was swinging away from...
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'Psychological Milestone': Stock Market Update For The Week Ahead
Sunday, August 23, 2020 - 2:56pm | 2252The Last Week In A Nutshell What Happened: “The market has taken us on a roller coaster ride that no one would have believed — from the depths of March 2020, when we dropped to a level last seen in 2016 (e.g., $2,237.40 on the S&P 500) to a 51% rally back to reclaim an all...
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EUR/USD Forecast: Lost Critical Support, Downward Drift May Accelerate
Tuesday, February 5, 2019 - 12:36pm | 403EUR/USD continues moving down as the USD moves up. The global slowdown is favorable for the US Dollar. The technical picture turned bearish for the pair. EUR/USD is trading closer to 1.1400, extending its falls. The primary narrative in markets is that the US is the "cleanest shirt in...
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Fed Preview: All About The Balance Sheet - 3 Scenarios For The Decision And The Reaction
Tuesday, January 29, 2019 - 12:22pm | 1091The Federal Reserve is expected to leave its policy unchanged in the first meeting of 2019. The balance sheet reduction program is the center of attention. The US Dollar is already suffering, but explicit talk about a change is not priced in. The Federal Reserve announces its first decision of...
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Brexit Deal Amendments Set To Boost Sterling Further
Tuesday, January 29, 2019 - 12:02pm | 428The UK government of Theresa May will try to get the Brexit deal approved in House of Commons after crushing defeat two weeks ago. The coalition junior DUP party is reportedly supporting the Plan B for Brexit. The set of amendments the members of the parliament can ask for is wide, but the scope...
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Why Futures Traders Keep Their Eyes On The Dollar
Thursday, October 11, 2018 - 12:29pm | 513Among the hundreds of economic, political or climatological factors weighing on a given commodity market, the single most pervasive and broadly influential signal in futures trading is the relative strength or weakness of the U.S. dollar. The reason for this is simple: the dollar is the primary...
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Tiffany's Risks Are Better Discounted, Oppenheimer Says In Upgrade
Wednesday, September 12, 2018 - 10:04am | 425The near-term risk-reward in Tiffany & Co. (NYSE: TIF) stock is now more favorable due to recent internal initiatives and quarterly earnings, according to Oppenheimer. The Analyst Oppenheimer analyst Brian Nagel upgraded Tiffany & Co. from Perform to Outperform and...
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Why Apparel Retailers Moved Higher On Trump's Comments About The Dollar
Tuesday, January 17, 2017 - 4:44pm | 480Retail stocks were moving higher on Tuesday following President-elect Donald Trump’s comments that the U.S. dollar has become “too strong” in an interview with the Wall Street Journal. His comments prompted a selloff in the U.S. dollar and a subsequent spike in gold; at time of...
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How One Algo Trader Approaches The Stock Market, And Which Investments He Likes The Most
Wednesday, November 23, 2016 - 3:55pm | 522“What I find to be most interesting is taking the technicals [that] the algo[rithm] signals and combining them with a fundamental understanding. It's not something you see a lot,” Mark Melin, author at ValueWalk and alternative investment practitioner said during Benzinga’s...
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An Active ETF For A Dollar Rally
Wednesday, July 6, 2016 - 10:28am | 609Thanks in large part to the recent Brexit decision, the U.S. Dollar Index is higher by more than 2 percent over the past month. Whether that turns into a more lasting rally for the greenback remains to be seen, but investors have options when it comes to playing a dollar rebound via exchange-traded...
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Whether It's Clinton Or Trump, The Dollar Could Be In Trouble
Tuesday, June 21, 2016 - 10:29am | 306Regardless of which U.S. presidential candidate wins the election in November, the U.S. dollar could get hit pretty hard. According to Bloomberg’s Taylor Hall, currency traders are warning of a repeat of 1995, when a trade dispute between the U.S. and Japan sent the dollar tumbling versus the...
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Gartman: The U.S. Dollar Is Falling Across The Board, And That's Rare
Friday, April 8, 2016 - 6:09am | 334The U.S. dollar is under attack, at least according to Dennis Gartman. In his most recent Gartman Letter, he noted the dollar’s weakness across the board in the last 24 hours is a rare occurrence. “Normally we shall see one or perhaps two currencies that are higher over the course...
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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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Avondale Cuts Estimates On Railroads... Again
Friday, February 12, 2016 - 1:13pm | 427On Friday, Avondale Partners issued a note on the railroad industry, highlighting companies including CSX Corporation (NASDAQ: CSX), Canadian National Railway (USA) (NYSE: CNI), Canadian Pacific Railway Limited (USA) (NYSE: CP), Norfolk Southern Corp. (NYSE: NSC) and Union Pacific Corporation (NYSE...