18 January, 2017 by The TZ Newswire Staff Comments Off on New Highs: Pair Of Stocks Rise From Bullish Patterns
New Highs: Pair Of Stocks Rise From Bullish Patterns
Semiconductor and financial stocks had the lion’s share of new highs Wednesday, but the most noteworthy moves were in other industries.
Shares of iRobot (IRBT) edged past the 60.96 buy point of a four-weeks-tight pattern. But the stock was not able to sustain itself above that level, despite heavy volume. Shares closed at 59.57, up 1.11.
18 January, 2017 by The TZ Newswire Staff Comments Off on Forexlive Americas forex news wrap. CAD and USD move on central bankers
Forexlive Americas forex news wrap. CAD and USD move on central bankers
Forex trading news for NY on January 18, 2017
In other markets:
– US stocks were mixed: S&P index rose by 0.18%. Nasdaq increased by 0.31%. Dow was down -0.11%
The CAD got hit in trading today as the Gov. of the BOC Poloz kept the door open for a further rate cut if downside risks materialize. One concern is US trade policy under the new President elect Trump. The expectations are that the NAFTA treaty will be one of the first things of focus once the new President takes office. The combination sent the CAD lower. It, along with the JPY were the dog currencies of the trading day.
18 January, 2017 by The TZ Newswire Staff Comments Off on LES developers bet on history to draw future residents
LES developers bet on history to draw future residents
For decades, Katz’s Delicatessen and Russ & Daughters have drawn hungry New Yorkers to the Lower East Side. Now a group of developers is betting big that they’ll gobble up hundreds of new apartments in the neighborhood. Speaking about the neighborhood’s trendy transformation at the Sunshine Cinema on Wednesday, developers credited the Lower East Side’s history and grit — and its shops and museums — as a draw for potential residents.
18 January, 2017 by The TZ Newswire Staff Comments Off on Fed Chair Yellen: Blockchain is an ‘Important Technology’
Fed Chair Yellen: Blockchain is an ‘Important Technology’
Blockchain is “an important technology” given its potential impact on the global financial system, Federal Reserve chief Janet Yellen said today.
18 January, 2017 by The TZ Newswire Staff Comments Off on The Big Four Economic Indicators: A December Bounce
The Big Four Economic Indicators: A December Bounce
Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as…
18 January, 2017 by The TZ Newswire Staff Comments Off on US Banks: Higher Rates Vs. Weaker Loan Growth
US Banks: Higher Rates Vs. Weaker Loan Growth
Bank stocks have experienced a sentiment-driven surge since the US election, supported by expectations for higher interest rates. Lost in the exuberance has been a marked deceleration in credit creation.
18 January, 2017 by The TZ Newswire Staff Comments Off on A Trade War Is in No One’s Interest
A Trade War Is in No One’s Interest
Since the election of Donald Trump, the financial markets have rallied sharply on the expectation that a Republican president and a Republican Congress would enact laws aimed at both reforming the tax code and deregulating the…