News Stocks 

Recent Biotech Pullback A Game of Risk

“The biotech sector as measured by the SPDR S&P Biotech ETF (XBI) has fallen by nearly 5 percent in recent weeks” writes Michael Kramer for investopedia.com. In this case, the XBI represents a basket of biotech stocks.Goldman Sachs added some positive sentiment Wednesday after adding biotech heavyweight Biogen (BIIB) to it is Americas Conviction list, according to MarketWatch. Source: investopedia.com Share This:

Read More
Crypto News 

$47 Million in Bitcoin: Ukrainian Lawmakers Declare Financial Holdings

“Three Ukrainian lawmakers have declared holding a combined $47 million in bitcoin following mandatory disclosures requiring members of parliament to reveal their finances” writes unknown author for cryptocoinsnews.com. Dmitry Golubov holds the most bitcoins of the three revealed in the report, with 8,752 bitcoins declared in an online submission.Alexander Urbansky declared 2,494 bitcoins, over $10 million in value, while Dmitry Belotserkovets indicated a possession of 398 bitcoins (approx. $1.6 million).The trio’s disclosures of holding bitcoin comes at a time when Ukraine is making moves toward regulating bitcoin and other digital…

Read More
Crypto News 

ShapeShift Acquires Bitcoin Hardware Manufacturer KeepKey

“Integrating all-time trading on Bitcoin hardware wallets will be an intriguing development, to say the least” writes Jp Buntinx for newsbtc.com. In a rather surprising turn of events, hardware wallet manufacturer has been acquired.The first priority is enabling real-time trading on KeepKey devices using the ShapeShift API. An interesting concept that makes hardware wallets even more convenient.With Shapeshift now picking up the company, interesting things are bound to happen.This seems to indicate the company will keep working on its hardware wallet without any issues or hindrances. Source: newsbtc.com Share This:

Read More
JPY News Reviews 

JPY Daily Review August 16, 2017

JPY Daily Review for August 16, 2017 Trading Outlook for US Dollar, JPY-crosses, Gold & More In this webinar, we looked at the positioning of several USD-pairs along with Yen cross-rates, EURGBP, precious metals, crude oil, and equity indices. @PaulR…   NZD/JPY: 5-Week Topping Pattern Intact; Levels & Targets – NAB NAB FX Technical Strategy Research notes that significant tops have formed in NZD/JPY above 83.00 since 2015.”The recent 5 week topping pattern has again formed above 83.00 while also being the 4th rejection of a significant multi-year trend resistance.This…

Read More
Markets News 

The vintage-car market is melting down

“Unlike stock market indices, the Hagerty Market Index is adjusted for inflation via the Consumer Price Index” writes Wolf Richter for businessinsider.com. Then there will be talk of prices “normalizing,” as is the case in collector cars.The index for collector car prices in the August report by Hagerty, which specializes in insuring vintage automobiles, fell 1.0 point to 157.42.The current drop of 15% from the peak in “real” terms is just below the 16% drop during the Financial Crisis. Source: businessinsider.com Share This:

Read More
Markets News Stocks 

The implied probability of a stock market crash seems wrong

“Indeed, looking at the options market, it is possible to imply the expected probability of a significant decline in asset prices” writes Josh Brown for businessinsider.com. According to the Minneapolis Federal Reserve, the probability of a 25% or greater decline in US equity prices occurring over the next 12 months implied in the options market is only around 10% (see Exhibit 12). Source: businessinsider.com Share This:

Read More
Heads-up News 

Tokyo Trading Session Heads Up Wednesday, August 16, 2017

Tokyo opening news digest Fed leader: We’re halfway there on interest rate hikes San Francisco Federal Reserve President John Williams spoke to CNNMoney about the U.S. economy.   Restaurant Brands: Here’s How Tim Hortons Can Benefit From Its Digital Initiatives After several delays, Tim Hortons, the restaurant chain owned by Restaurant Brands International (NYSE: QSR), finally launched its mobile order and pay system in recent weeks.   Coach’s Stock Plunges On Disappointing Guidance Coach’s stock took a nosedive after the company released its fourth quarter and full year (year ended…

Read More