Gap (NYSE:GPS) reported preliminary Q4 EPS of $0.41 – $0.42, beating estimates of $0.35 per share. Revenues in the quarter came in at $4.28...
Gap Reports Better Than Anticipated Preliminary Results
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Automakers join Realtors in calling a market bottom
GM says the bottom of the car market comes this spring. The NAHB said the same about housing earlier today. Hope they are right EUR/USD is firm, as are equities. EUR/USD trades at 1.4315 while the S&P is up...
USD/JPY resistance line eyed at 98.50
USD/JPY has rebounded along with the broad dollar as EUR/JPY losses its risk barometer role. The dollar is moving in more monolithic fashion, making life somewhat easier for the market at the moment. Modest resistance is seen at the 98.50 level from a resistance line drawn off the 98.90 highs from...
Barclays/Blackrock only half cash
One factor that may be helping undermine the pound slightly is the fact that the Barclays the terms of the sale of BGI to Blackrock call for only about half the purchase price to be paid in cash. The rest will be paid in stock. That leaves about GBP 4 bln to flow toward Barclays when all is said...
US net worth slide slows; government debt explodes
As asset prices have fallen, household net worth has fallen dramatically. The slide slowed in the most recent data. It fell to $50.4 trln in Q1 from $51.7 bln in Q4 2008. Mortgage debt was flat but consumer credit fell 3.5% (at an annual rate). Government debt rose at a 23% annual rate in Q1. The...
FOREX VIDEO - Pre London Outlook August 20th 2009
Hi everyone, until we break out of the some of these longer term ranges, this choppy, session by session trading will prevail. This in mind all that we have at our disposal is basic price action on smaller time frames and old school support and resistance. In this video I highlight the Pound USD...