26 March, 2015 by The TZ Newswire Staff Comments Off on Futures Movers: Crude oil prices fall, as Yemen conflict escalates
Futures Movers: Crude oil prices fall, as Yemen conflict escalates
Crude-oil futures were down by about 2% in Asian trade Friday on some profit-taking, but prices are still supported by the escalating conflict in Yemen, traders said.
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26 March, 2015 by The TZ Newswire Staff Comments Off on Buckle Up! Oil ‘could fall to $30’ say trading pros
Buckle Up! Oil ‘could fall to $30’ say trading pros
Against a backdrop of political chaos in the Middle East, hedge fund managers said the oil price would remain volatile and could fall as low as $30.
26 March, 2015 by The TZ Newswire Staff Comments Off on Metals Stocks: Gold’s seven-session win streak at risk
Metals Stocks: Gold’s seven-session win streak at risk
Gold threatens to put an end to a seven-session winning streak that has carried prices up to their highest level in weeks.
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26 March, 2015 by The TZ Newswire Staff Comments Off on Darrell Delamaide’s Political Capital: Greek crisis nears a turning point
Darrell Delamaide’s Political Capital: Greek crisis nears a turning point
The simmering crisis in Greece has the potential to become one of those seemingly small events that leads to big consequences for the world, writes Darrell Delamaide.
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26 March, 2015 by The TZ Newswire Staff Comments Off on U.S. biotech stocks may fall further as short interest rises
U.S. biotech stocks may fall further as short interest rises
A 4 percent decline in biotechnology stocks on Wednesday sent the Nasdaq Composite Index (.IXIC) to its largest one-day loss in nearly a year, and some investors are betting that the once-hot sector has further to fall. Short interest has risen in a number of biotech names perceived as vulnerable to a selloff after a rally that has sent the Nasdaq Biotechnology Index (.NBI) up 42 percent over the last year even after this week’s declines. Overall, a screen of about 1,650 mid-cap U.S.
26 March, 2015 by The TZ Newswire Staff Comments Off on Short-Term Trend, Breadth and Intermarket Analysis
Short-Term Trend, Breadth and Intermarket Analysis
I am on the road Thursday-Friday so this update will be brief. All the charts have been updated. For what it is worth, I am attending the MTA symposium in New York. The bulk of the short-term evidence turned bearish with Wednesday’s decline and remains bearish. The bigger trend is up so this is still viewed as a correction within an uptrend. **This chart analysis is for educational
26 March, 2015 by The TZ Newswire Staff Comments Off on Asian stocks mixed as Mideast worries linger, oil eases
Asian stocks mixed as Mideast worries linger, oil eases
Spreadbetters expected Britain’s FTSE (.FTSE), Germany’s DAX (.GDAXI) and France’s CAC (.FCHI) to tip toe higher while the markets awaited fresh cues from the Middle East. Crude oil prices were lower due to the dollar’s bounce and as investors reassessed the potential impact of the escalating conflict in Yemen, where Saudi Arabia and allies carried out air strikes on Iranian-backed Houthi rebels on Thursday. Excluding the effect of last year’s sales tax increase, data released on Friday showed Japan’s core consumer price index was flat in February compared with a year ago. U.S.