The Traderszone Network

Authored by Stephen Roach, originally posted at Project Syndicate,

While seemingly elegant in theory, globalization suffers in practice.

read more

With biotech stocks experiencing a mini renaissance of sorts in recent weeks, many traders were eagerly looking forward to profitable industry bellwether Gilead to set the tone for the next few days and weeks of trading.  And while moments ago the company reported Q2 EPS of $3.08, down from $3.15 a year ago, it beat expectations of $3.02 as revenue of $7.77 billion came in line with expectations (down from $8.24 billion a year ago), the reason why the stock is currently sliding after hours is because while the biotech giant did beat, it cut its full year guidance by $500 million on

read more

Monday’s top personal finance stories
read more

IMAGE SOURCE: GETTY IMAGES.

read more

If you are after a good excuse to take a few hours off then I can probably offer you just that
Not a lot on the eco data front today:
2245GMT – New Zealand – Trade Balnce for June, expected 150m surplus following a 358m surplus the previous month

Forex news for US trading on July 25, 2016
Markets:
– Gold down $6 to $1317
– WTI crude oil down $1.09 to $43.10
– US 10-year yields flat at 1.57%
– S&P 500 down 8 points to $2166
The calendar was light today and the market is hunkering down ahead of the Fed and BOJ. The big story was in oil and the Canadian dollar as they fell to the lowest levels since April in tandem.

Miami-Dade Circuit Judge Teresa Pooler has dismissed a money-laundering case involving an alleged “illegal sale” of bitcoins, after declaring that under the laws of the state, the digital currency is not considered to be a form of money.

read more