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SET Meets Walls of Resistance Near 1,400, Downside Risk Persists

Wed Nov 25, 2015

The SET continued to gyrate between 1,401 and the trendline support (T/S) this week, after Turkish fighter jets shot down a Russian warplane near the Syrian border on Tuesday and ...

Third-Quarter U.S. GDP Revised Upward while the Yield Spread Between the 2-Year and 10-Year Treasury Notes Signals Economic Trouble Ahead

Tue Nov 24, 2015

The yield of the 10-year U.S. Treasury Note slid 0.44% lower to close at 2.24% on Tuesday, after Turkish fighter jets ...

PTT Shares Remain Bearish as Crude Oil Needs to Find Bottom

Mon Nov 23, 2015

PTT Pcl [SET:PTT], Thailand's largest state-controlled fully integrated gas and oil company, said on November 12, 2015, that its third-quarter 2015 revenues were 505.07 billion ...

Short Sellers Scrambling for Cover Helped Push S&P 500 to Best Weekly Gain in Almost a Year

Fri Nov 20, 2015

S&P 500 bounced off the 2-year trendline support at 2,019.39 and shrugged off the headline news concerning the Islamic terrorist group, Islamic State of Iraq and Syria (ISIS), that ...

SET Wedged in as Investors Can’t Decide Market Direction, Downside Risk Persists

Fri Nov 20, 2015

The SET bounced and gyrated most of the week, after the Islamic terrorist group, Islamic State of Iraq and Syria (ISIS), released a video on Monday threatening Washington D.C. ...

U.S. Dollar Rise may be Unsustainable as S&P 500 Companies' Earnings Heading to Recession

Fri Nov 20, 2015

The U.S. dollar index (DXY) inched up 0.57% to close at 99.62 on Friday, after European Central Bank (ECB) President Mario Draghi gave a speech at the European Banking Congress ...

Crude Oil Bottom may not be in Sight Until Oil Bulls Capitulate

Thu Nov 19, 2015

The spot WTI crude oil price dipped 0.31% to close at $41.85 per barrel on Thursday, after a Reuters report said that Iraq may increase oil output further in 2016 and sell some ...

SET Takes Three-Day Round-Trip as Islamic Terrorist Threats Spin Out of Control

Wed Nov 18, 2015

The SET has gyrated for the last three trading days, after the Islamic terrorist group, Islamic State of Iraq and Syria (ISIS), released a video on Monday threatening Washington D.C ...

Yen Weakens Against U.S. Dollar as Japan Slips Back into Recession

Tue Nov 17, 2015

The USD/JPY exchange rate inched up 0.43% to close at 123.15 yen per dollar on Monday, after the Cabinet Office of Japan said gross domestic product (GDP) shrank at an ...

Shares of Celgene Surge after USPTO Denies Institution of Kyle Bass’s IPR Revlimid (lenalidomide) Patent Challenge

Mon Nov 16, 2015

Shares of Celgene Corp. [NASDAQ:CELG] soared 2.47% to close at $110.14 a share on Monday, after the U.S. Patent ...

Crude Oil Prices Nosedive as Global Stockpiles Reach a Record 3 Billion Barrels and El Niño Looms

Fri Nov 13, 2015

The spot WTI crude oil price tumbled another 3.43%, to an intraday low of $40.22 per barrel on Friday, before ...

S&P 500 Tanks on Fed Rate Hike Fears, Weak U.S. Retail Sales Could Spell Trouble for Holiday Shopping Season

Fri Nov 13, 2015

The S&P 500 took a 3.62% nosedive for the week to close at 2,023.04 on Friday, as U.S. Federal Reserve rate hike ...

SET Technicals Breaking Down and Becomes Increasingly Bearish, Paris Terrorist Attacks Could Add to Selling Pressure

Fri Nov 13, 2015

The SET has gone straight down since Friday last week, after the U.S. Labor Department released the nonfarm payrolls ...

Gold Sell-Offs Triggered by Rising U.S. 10-year Treasury Yields

Thu Nov 12, 2015

The CME spot price of gold broke down a key technical support at $1,160 per ounce, after the U.S. Federal Reserve decided to keep rates on hold and issued a somewhat ...

SET Technicals Breaking Down … Kind of

Wed Nov 11, 2015

The SET closed at 1,390.15 on Wednesday, down 0.59% for the day. In the past 5 trading days, the SET, which is weighted too heavily on the financials and resources sectors, has lost 2.53%. According to the June 2015 SET fact ...

Sarilumab, Sanofi and Regeneron's Next Potential Blockbuster Drug

Tue Nov 10, 2015

Sanofi [NYSE: SNY] and Regeneron Pharmaceuticals [NASDAQ:REGN] said on Sunday that their results from a pivotal Phase 3 study, SARIL-RA-TARGET, of sarilumab ...

Crude Oil Hammered by Strong Dollar, Bearish Head and Shoulders Pattern Emerges

Fri Nov 6, 2015

The U.S. dollar index (DXY), a weighted geometric index of the value of the U.S. dollar relative to a basket of six major currencies, surged 1.45% to an intraday high of 99.47 on ...

EUR/USD Tumbles as ECB and Federal Reserve Monetary Policy Divergence Widens

Fri Nov 6, 2015

The EUR/USD currency pair tumbled 1.29% on Friday, to close at a 6-month low of 1.074 dollars per euro, after the U.S. Labor Department released the nonfarm payrolls report for ...

 

S&P 500 Stuck in Technical Range as Financials Lead Index Higher on Rate Hike Speculation

Fri Nov 6, 2015

The S&P 500 closed up 0.96% for the week, at 2,099.20 on Friday, despite three straight sessions of selling. Early gains on Monday were led by the healthcare and energy sectors ...

SET and Asian Markets Could Pull Back after Big U.S. Nonfarm Payrolls Report Surprise

Fri Nov 6, 2015

The SET closed at 1,414.54 on Friday, up 1.41% for the week, ahead of the release of the U.S. nonfarm payrolls report. The U.S. Federal Reserve received much needed good ...

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