A Lesson for Traders from the Dollar's Crazy Reaction to North Korea's Missile Launch

A Lesson for Traders from the Dollar's Crazy Reaction to North Korea's Missile Launch
Punditry is about having instant opinions on everything. In an age when information can be accessed immediately, people are looking for an instant reaction to news and data as well. Sometimes, however, a considered response is far more useful. The simple phrase “I don’t know” is anathema to most who write for the internet but is, at times, the only... Read More

Harvey Damages Oil Refineries

Harvey Damages Oil Refineries
Ahead of the bell this morning on the first trading day of a new week, all port of Houston facilities remain closed following Hurricane Harvey slamming the Southeastern coast of Texas last Friday. Of all ports in the U.S., Houston’s ranks #1 in foreign tonnage, especially in oil and gasoline exports. Much of metropolitan Houston remains under water, with more... Read More

MidEast Stocks Mostly Drift Lower Ahead of Holiday; Qatar Falls on Credit Downgrade

MidEast Stocks Mostly Drift Lower Ahead of Holiday; Qatar Falls on Credit Downgrade
Middle East shares mostly slid in thin volume ahead of the Eid al-Adha holidays beginning this week. Qatar slumped after Fitch downgraded the country’s credit rating. Fitch lowered Qatar by one notch to AA-minus with a negative outlook, citing the impact of sanctions imposed by other Arab states. In company news, Amiantit said it expected a capital gain of 50... Read More

Asian ADRs Move Lower in Tuesday Trading

Asian ADRs Move Lower in Tuesday Trading
American depository receipts of Asian stocks were trading 0.46% lower at 166.82 on the Bank of New York Mellon Asia ADR Index on Tuesday. In North Asia, the gainers were led by real estate services provider Leju Holdings ( LEJU ), and Semiconductor Manufacturing International ( SMI ), which rose 5.2% and 3.5% respectively. They were followed by mobile app... Read More