2 March, 2016 by The TZ Newswire Staff Comments Off on EUR/USD price action is similar to October 2015 says Citi. Levels & targets
EUR/USD price action is similar to October 2015 says Citi. Levels & targets
CitiFX note via eFX
, notes CitiFX”EURUSD has sustained the break below levels in the 1.1050-60 area which was the previous breakout level on the way up at the beginning of Feb and also where the 200 day moving average comes in. We also closed last week week below the 55 week moving average last week which is another bearish development – it cannot be seen on the daily chart aboveFurthermore, we have closed below the base of the rising channel and posted a bearish outside day as a continuation pattern to move lower.
2 March, 2016 by The TZ Newswire Staff Comments Off on Starbucks Corporation’s Revised Rewards Plan: Masterful, or Misguided?
Starbucks Corporation’s Revised Rewards Plan: Masterful, or Misguided?
The coffee retailing juggernaut changes its rewards program, and a vocal contingent of customers protests. Will the “Starbucks Rewards” program find even greater success, or need further revisions?
2 March, 2016 by The TZ Newswire Staff Comments Off on Apple, Inc. Stock: A Buy Ahead of Sustained Dividend Growth?
Apple, Inc. Stock: A Buy Ahead of Sustained Dividend Growth?
This analyst believes Apple will provide income investors with a reliable stream of continually growing dividend payments.
2 March, 2016 by The TZ Newswire Staff Comments Off on Global Central Banks Continue Longest Gold-Buying-Spree Since Vietnam War
Global Central Banks Continue Longest Gold-Buying-Spree Since Vietnam War
While “greed was good” in the ’80s, it appears “gold is good” in the new normal. As much as the barbarous relic is despised by all the mainstream money-peddlers in public (aside from those who have left the familia like Alan Greenspan), it seems to be loved in private. Central banks have been net buyers of gold for eight straight years, according to IMF estimates, the longest streak since the first troops were deployed in The Vietnam War.
2 March, 2016 by The TZ Newswire Staff Comments Off on Nikkei Services PMI 51.2 (prior 52.4)& Composite PMI 51.0 (52.6)
Nikkei Services PMI 51.2 (prior 52.4)& Composite PMI 51.0 (52.6)
Japan February PMIs for services and composite
– Services PMI slowest in 7 months
2 March, 2016 by The TZ Newswire Staff Comments Off on Moody’s not finished with China yet – negative outlook for 38 Chinese SOEs
Moody’s not finished with China yet – negative outlook for 38 Chinese SOEs
From Moody’s on China:
– Changes outlook of 38 Chinese state-owned enterprises (SOEs) and rated subsidiaries to negative following sovereign action
– Moody’s has affirmed all the ratings of these SOEs and subsidiaries
The change in the Chinese sovereign rating outlook to negative indicates that the central government and regional local governments’ (RLGs) capability to support their SOEs on a broad basis could be weaker than we had previously assessed.In addition, a key driver in the change in the sovereign’s outlook is our assessment that the government’s balance sheet is exposed to growing c
2 March, 2016 by The TZ Newswire Staff Comments Off on America’s Ruling Classes: No Fear, No Caution, No Prudence
America’s Ruling Classes: No Fear, No Caution, No Prudence
Submitted by Charles Hugh-Smith of OfTwoMinds blog,
Could it be that America’s ruling classes, its Imperial state and the Federal Reserve, no longer rule their own destiny?
America’s smug ruling classes are supremely confident: they feel no fear, no caution, and exhibit no prudence.