USD/INR: Range Remains and Choppiness Stays in the Forecast
As of this writing the USD/INR is trading near the 79.6100 level. If a speculator had gone away for a week and had not looked at the price of the USD/INR currency…
USD/TRY: Long Term Trend Upwards Meets Short Term Resistance
The USD/TRY remains within sight of the 18.0000 mark. The past week of trading has seen the USD/TRY currency pair within sight of the important ratio several times, but has not quite been…
BioNTech partner Dermapharm: next acquisition
The manufacturer of off-patent branded pharmaceuticals is continuing its active M&A strategy. As Dermapharm recently announced, the acquisition of the French market leader for herbal medicines and dietary supplements called Apharma…
Traeger: Fire out – almost 90 percent gone
The boom during the corona pandemic is followed by a hard landing for Traeger. The stock has lost much of its value since going public just over a year ago. The disappointing…
Key economic releases and events next week
What key economic releases and events are on the schedule for the week starting on August 15. Monday, August 15 Empire State manufacturing index, 8;30 AM ET, Est 5.1 vs…
Patricia Schlesinger has been exposed to numerous allegations of nepotism for weeks
Patricia Schlesinger has been exposed to numerous allegations of nepotism for weeks. In addition to the 61-year-old, who resigned as ARD and RBB boss in the affair, the focus is…
WTI Crude Oil Forecast: Market Turns Around Mid-Day
The West Texas Intermediate Crude Oil market pulled back initially on Wednesday to test the lows yet again. That being said, we have turned around to show signs of life, perhaps due…
Goldman Sachs latest update is to forecast oil to $130 by year end
Goldman Sachs view of much higher prices is based on: demand exceeding what is currently expected supply staying low, inventories falling and markets not positioned for a rising priceThe only…
USD/BRL: Challenge of Support could Test June Price Action
The USD/BRL fell to fresh lows on Monday and then demonstrated rather consolidated price action as important support levels came into sight. When the USD/BRL opens today it could potentially…
China – not yet at the stage to discuss about how to solve trade issues with Australia
The top representative of China’s Communist Party in Australia, ambassador Xiao Qian was asked about trade issues (China has levied punitive sanction on Australian goods) along with the political imprisonment…