14 March, 2017 by The TZ Newswire Staff Comments Off on Forexlive Americas forex news wrap: US dollar rallies modestly as data and Fed awaited.
Forexlive Americas forex news wrap: US dollar rallies modestly as data and Fed awaited.
Forex news for NY trading on March 14, 2017
A snapshot of other markets near the end of the trading day
– Spot gold down anther -$6.00 or -0.51%. The price is back below the $1200 level to $1197.88
US PPI was higher than expectations today. It rose by 0.3% MoM both for the headline and the core (vs +0.1% and +0.2% est). The YoY increase of 2.2% was the highest since March 2012. Although producer prices are not the most followed of inflation measures, they are showing a positive trend and could lead to higher consumer prices down the road (or so the theory goes).
14 March, 2017 by The TZ Newswire Staff Comments Off on Claiming A Beautiful Niche In A Troubled Retail Trade
Claiming A Beautiful Niche In A Troubled Retail Trade
Here’s a pair of markets not sensitive to interest rates: hair salons and cosmetics counters.
Hair gets styled and skin foundations applied no matter how interest rates might crash or soar. And that has helped salon-and-cosmetics chain Ulta Beauty (ULTA) fashion formidable growth even as retail trades in general undergo harsh structural change.
14 March, 2017 by The TZ Newswire Staff Comments Off on Goldman Downgrades Stocks One Day Before The Fed: "Asymmetry For Equities Is Getting Worse"
Goldman Downgrades Stocks One Day Before The Fed: "Asymmetry For Equities Is Getting Worse"
After numerous warnings from Goldman strategist David Kostin that stocks are expensive, most recently over the weekend when he wrote that “investors will soon capitulate on their expectation of upside to 2017 EPS forecasts as they face the reality that the accretive impact from tax reform will not occur until 2018.
14 March, 2017 by The TZ Newswire Staff Comments Off on Economic data due from Asia today – day 1 of the BOJ meeting
Economic data due from Asia today – day 1 of the BOJ meeting
Day 1 of the 2 day Bank of Japan meeting, which means we’ll get nothing until tomorrow!
OK, so here what is coming up today
2145GMT – New Zealand – Balance of Payments Current Account for Q4
14 March, 2017 by The TZ Newswire Staff Comments Off on ‘Beauty and the Beast’ becomes Fandango’s top family pre-seller
‘Beauty and the Beast’ becomes Fandango’s top family pre-seller
Disney’s live-action “Beauty and the Beast” has already set a new record as Fandango’s #1 family pre-seller of all time. “Beauty” pre-sales (through Monday night) are already eclipsing total pre-sales for any other family film in Fandango’s 17-year history, the company announced Tuesday.
14 March, 2017 by The TZ Newswire Staff Comments Off on Renewed Interest in Gaming Stocks
Renewed Interest in Gaming Stocks
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14 March, 2017 by The TZ Newswire Staff Comments Off on Top Natural Gas Stocks to Buy in 2017
Top Natural Gas Stocks to Buy in 2017
The price of natural gas has been on a roller-coaster ride over the past year. Prices plunged below $2 early last year due to oversupply after a warmer-than-expected winter. However, gas rebounded sharply for most of 2016 due to sinking supplies after drillers cut back on new wells, resulting in the first decline in the country’s gas output in years.