President Recep Tayyip Erdogan likes to swagger and attempt to punch above his weight. While his rhetorical threats and theatrics keep many allies and enemies off balance, they do not fool the Turks. Most of their bank deposits are not denominated in lira, but foreign currencies. more...
The Kingdom of Saudi Arabia (KSA) wants oil prices to head back to $100. And there are a couple of ways of achieving this ambitious goal. more...
Nvidia is the world’s smartest company in 2017. That’s according to the recently published MIT Technology Review’s annual listing of the 50 smartest companies, which surveys both small and large companies based on their ability to innovate and execute. more...
IBM is scheduled to report earnings after Tuesday's close. IBM's stock hit a record high of $215.90/share in 2013 and is trading near $169/share. The stock is prone to big moves after reporting earnings and can easily gap up if the numbers are strong. Conversely, if the numbers disappoint, the stock can easily gap down. more...
Gold prices are trading flat this morning, ahead of today’s US ISM Manufacturing data. This is considered the first high importance US Dollar event for 2017 trading, and expectations are set for a release of 53.8. Any deviations from this value may directly affect the US Dollar, and the price of Gold. Technically, Gold is considered in a long term downtrend as prices broke remain beneath its 200 day SMA (simple moving average) at $1,268.57. ...
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