Traded clusters – Top Clusters http://topclusters.org/ Tue, 21 Jun 2022 05:24:39 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://topclusters.org/wp-content/uploads/2021/10/icon-5-100x100.png Traded clusters – Top Clusters http://topclusters.org/ 32 32 Business and digital training to help women entrepreneurs https://topclusters.org/business-and-digital-training-to-help-women-entrepreneurs/ Tue, 21 Jun 2022 05:24:39 +0000 https://topclusters.org/business-and-digital-training-to-help-women-entrepreneurs/ Last month, the United Nations Capital Development Fund (UNCDF) launched its Rapid Finance Facility (RFF) project to support women entrepreneurs in PNG with digital and financial services. The DEFINE initiative, a private sector collaboration by PNGX Markets; PNG digital ICT cluster; and Unkapt – presents its business skills building project for women entrepreneurs (DEFINE SKILLS […]]]>

Last month, the United Nations Capital Development Fund (UNCDF) launched its Rapid Finance Facility (RFF) project to support women entrepreneurs in PNG with digital and financial services.

The DEFINE initiative, a private sector collaboration by PNGX Markets; PNG digital ICT cluster; and Unkapt – presents its business skills building project for women entrepreneurs (DEFINE SKILLS 2022 program) under the UNCDF RFF project. The DEFINE SKILLS 2022 program will also support women’s economic empowerment.

Ahead of Small Business Week starting June 27, the DEFINE SKILLS 2022 program will launch the call for entries this week. The number of places being limited, those interested are encouraged to register early for this free training.

The DEFINE SKILLS 2022 program will provide business, financial literacy and digital skills training to accelerate the business development of women-led micro and small enterprises and female solo entrepreneurs (collectively female-led MSEs).

It will target women-led MSEs with the basics for mid-level business, financial literacy and digital skills.

The focus is on their awareness and understanding of appropriate digital and financial solutions, services and products. By introducing these solutions, women-led MSEs can improve their businesses and operations.

The objectives of the training programs are to help women entrepreneurs to:

1. increase development opportunities for their businesses;
2. graduated in the formal sector;
3. transition to the emerging digital economy;
4. adopt better business practices through the use of social media to market their products; and
5. improve communication channels with customers or suppliers and coordinate their supply chains.

The DEFINE SKILLS 2022 Program training workshop will cover:

BUSINESS, FINANCIAL AND DIGITAL LITERACY

– provide business, finance and digital skills training to accelerate the business development of women-led MSEs; and
target women-led MSEs with a foundation in mid- and advanced-level business, financial literacy and digital skills;

DIGITAL KNOWLEDGE AND AWARENESS

– increase awareness and understanding of appropriate digital solutions, services and products to improve their business operations and digital transformation opportunities;

ECONOMIC EMPOWERMENT

– support the economic empowerment of women; and

GROWTH AND PROFITABILITY THROUGH SKILLS

– promote business growth and profitability of women-led MSEs by improving their financial literacy and digital skills.

The DEFINE SKILLS 2022 program will conclude with a demo day where participants will have the opportunity to showcase what they have learned and pitch their business to an interested audience, including financiers and potential partners.

Starting Monday, June 27, the full program information package will be available at www.skills.defineinitiative.org.

The DEFINE initiative implements the DEFINE SKILLS 2022 program, as a healthy MSE sector with growth prospects is an essential part of a robust economy for Papua New Guinea.

PNGX, as a partner in the DEFINE initiative, sees this as an important element in developing national capital markets. Most people think that the stock market is only limited to big companies, because it is the top level of public access to equity in an economy.

PNGX recognizes that a healthy MSE sector is critical to the long-term sustainability of an exchange, as today’s MSEs become the largest publicly traded companies on tomorrow’s stock exchange.

PNGX knows that the stock market can play a vital role in fostering and developing MSEs.

This role enables the investing public, from individuals to pension companies, to access new and expanding domestic investment opportunities.

For more information on the DEFINE SKILLS 2022 program, you can contact us at skills@defineinitiative.org or browse www.skills.defineinitiative.org.

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Aaron Boynton sells 2,886 shares of Nutanix, Inc. (NASDAQ: NTNX) https://topclusters.org/aaron-boynton-sells-2886-shares-of-nutanix-inc-nasdaq-ntnx/ Sat, 18 Jun 2022 01:26:31 +0000 https://topclusters.org/aaron-boynton-sells-2886-shares-of-nutanix-inc-nasdaq-ntnx/ Nutanix, Inc. (NASDAQ:NTNX – Get Rating) CAO Aaron Boynton sold 2,886 Nutanix shares in a trade that took place on Thursday, June 16. The shares were sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the sale, the chief accounting officer now owns 37,803 shares of the […]]]>

Nutanix, Inc. (NASDAQ:NTNX – Get Rating) CAO Aaron Boynton sold 2,886 Nutanix shares in a trade that took place on Thursday, June 16. The shares were sold at an average price of $13.97, for a total transaction of $40,317.42. Following the completion of the sale, the chief accounting officer now owns 37,803 shares of the company, valued at $528,107.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Shares of NASDAQ NTNX were up $0.65 in Friday’s midday session, hitting $14.47. 5,621,918 shares of the company were traded, with an average volume of 2,221,450. The stock’s 50-day moving average price is $21.12 and its 200-day moving average price is 25.70 $. The stock has a market capitalization of $3.25 billion, a P/E ratio of -3.11 and a beta of 1.52. Nutanix, Inc. has a 1-year low of $13.44 and a 1-year high of $44.50.

Nutanix (NASDAQ:NTNX – Get Rating) last released its quarterly results on Wednesday, May 25. The technology company reported EPS of $0.05 for the quarter, beating analyst consensus estimates of $0.22 ($0.17). The company posted revenue of $403.70 million for the quarter, versus analyst estimates of $397.90 million. Nutanix revenue for the quarter increased 17.2% year over year. During the same quarter last year, the company posted ($0.87) EPS. Analysts expect Nutanix, Inc. to post an EPS of -2.24 for the current fiscal year.

NTNX has been the subject of several analyst reports. StockNews.com launched coverage on Nutanix shares in a research report on Thursday, March 31. They issued a “hold” rating for the company. Royal Bank of Canada lowered its price target on Nutanix shares from $45.00 to $21.00 in a Thursday, May 26 research report. Wells Fargo & Company lowered its price target on Nutanix stock to $20.00 in a Thursday, May 26 research report. Needham & Company LLC lowered its price target on Nutanix shares from $34.00 to $20.00 and set a “buy” rating for the company in a Thursday, May 26 research report. Finally, JMP Securities lowered its price target on Nutanix shares from $48.00 to $35.00 and set a “market outperformance” rating on the stock in a Thursday, May 26 research note. Six research analysts gave the stock a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, the company has an average rating of “Buy” and an average price target of $30.00.

Several large investors have recently changed their holdings in NTNX. CWM LLC acquired a new position in Nutanix stock during the fourth quarter worth $32,000. IndexIQ Advisors LLC acquired a new position in Nutanix stock during the first quarter worth $33,000. Point72 Hong Kong Ltd acquired a new position in shares of Nutanix during the first quarter worth $35,000. Carroll Investors Inc acquired a new position in Nutanix stock during the fourth quarter worth $42,000. Finally, Loomis Sayles & Co. LP acquired a new position in Nutanix stock during the fourth quarter worth $59,000. Institutional investors hold 70.43% of the company’s shares.

Nutanix Company Profile (Get a rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa. The company offers Acropolis converged virtualization, enterprise storage services, and network visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify provisioning, operations, and lifecycle management of cloud-native environments; and the Nutanix Clusters solution.

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Insider buying and selling by quarter for Nutanix (NASDAQ:NTNX)

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Real estate stocks in Alexandria – GuruFocus.com https://topclusters.org/real-estate-stocks-in-alexandria-gurufocus-com/ Fri, 17 Jun 2022 20:50:15 +0000 https://topclusters.org/real-estate-stocks-in-alexandria-gurufocus-com/ PASADENA, Calif., June 7, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the oldest and pioneering owner, operator and developer focused solely on collaborative campuses in the life sciences, agtech and technology in innovation AAA clusters, today announced that it has been awarded the 2022 Nareit Investor CARE […]]]>

PASADENA, Calif., June 7, 2022 /PRNewswire/ — Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT and the oldest and pioneering owner, operator and developer focused solely on collaborative campuses in the life sciences, agtech and technology in innovation AAA clusters, today announced that it has been awarded the 2022 Nareit Investor CARE Silver Award in the Large Cap Equity REIT category for superior shareholder communications and reporting. This prestigious honor — from Alexandria fifth consecutive Investor CARE Award and seventh overall since 2015 — demonstrates the company’s unparalleled transparency, quality and efficiency in its communications and reporting to the investment community. In addition to this latest recognition from Nareit, Alexandria has won the most Investor CARE Gold Awards of any equity REIT.

Through its annual awards program, Nareit, the global voice of REITs and listed real estate companies, recognizes outstanding companies that interact most effectively with their investors online, in writing and through verbal communications, and that provide these investors with the most comprehensive, clearly articulated and useful information in the most efficient way. Alexandria was chosen by an independent panel of REIT analysts, portfolio managers and academics.

“We aim to maintain the highest levels of transparency, integrity and accountability to the investment community, and we are very proud to be recognized by Nareit again this year,” said Dean A. ShigenagaPresident and Chief Financial Officer of Alexandria. “This year’s seventh award reflects our team’s continued excellence in operational transparency, reporting and disclosure practices.”

Companies were rated on the strength of their online presence, including ease of website navigation and availability of information; disclosures and transparency regarding SEC filings, primarily focused on additional filings; and investor relations practices, including the quality of earnings calls and the accessibility of management.

About Alexandria Real Estate Equities, Inc.

Alexandria Real Estate Equities, Inc. (NYSE: ARE), an S&P 500® urban office REIT, is the oldest and most pioneering owner, operator and developer, which focuses solely on collaborative campuses of life sciences, agtech and technology in AAA innovation clusters, with a total market capitalization of $42.8 billion and an asset base in North America from 74.2 million Swiss francs to March 31, 2022. The asset base in North America includes RSF 41.9 million of operating properties and RSF 5.4 million of Class A properties under construction, RSF 10.4 million of short to mid-term development and redevelopment projects and 16 .5 million RSF of future development projects. Founded in 1994, Alexandria pioneered this niche and has since established a significant market presence in key locations including Greater Bostonthe San Francisco Bay Area, New York City, San Diego, Seattle, Maryland and Research Triangle. Alexandria has a long and proven track record in developing Class A properties clustered in urban life sciences, agtech and technology campuses that provide our innovative tenants with highly dynamic and collaborative environments that enhance their ability to successfully recruit and retain world-class talent and inspire productivity, efficiency, creativity and success. Alexandria also provides strategic capital to transformative life sciences, agtech and technology companies through our venture capital platform. We believe that our unique business model and diligent underwriting ensures a high-quality, diverse tenant base that results in higher occupancy levels, longer lease terms, higher rental income, yields higher and higher long-term asset values. For more information on Alexandriaplease visit www.are.com.

Forward-looking statements

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements regarding the impact of the company’s communication and reporting practices on its performance. These forward-looking statements are based on the company’s current intention, beliefs or expectations, but the realization of forward-looking statements is not guaranteed and may not occur. Actual results may differ materially from those contained or implied by the company’s forward-looking statements due to a variety of factors, including, without limitation, the risks and uncertainties detailed in its filings with the Securities and Exchange. Commission. All forward-looking statements are made as of the date of this press release, and the company undertakes no obligation to update such information. For information about risks and uncertainties that could cause actual results to differ materially from those anticipated in the company’s forward-looking statements, as well as risks and uncertainties about the company’s business generally, please see the company’s filings with the Securities and Exchange Commission. , including its most recent annual report on Form 10-K and all quarterly reports subsequently filed on Form 10-Q.

CONTACT: Sara KabakoffVice President – ​​Communications, (626) 788‑5578, [email protected]

View original content: https://www.prnewswire.com/news-releases/alexandria-real-estate-equities-inc-earns-fifth-consecutive-and-seventh-overall-nareit-investor-care-award-for – excellence-in-communication-and-reporting-301562234.html

SOURCE Alexandria Real Estate Equities, Inc.

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Short-term stake in Nutanix, Inc. (NASDAQ: NTNX) increases 43.3% https://topclusters.org/short-term-stake-in-nutanix-inc-nasdaq-ntnx-increases-43-3/ Wed, 15 Jun 2022 20:41:33 +0000 https://topclusters.org/short-term-stake-in-nutanix-inc-nasdaq-ntnx-increases-43-3/ Nutanix, Inc. (NASDAQ:NTNX – Get Rating) saw a surge in short-term interest in May. As of May 31, there was short interest totaling 8,210,000 shares, an increase of 43.3% from the May 15 total of 5,730,000 shares. Based on an average daily trading volume of 2,390,000 shares, the short interest ratio is currently 3.4 days. […]]]>

Nutanix, Inc. (NASDAQ:NTNX – Get Rating) saw a surge in short-term interest in May. As of May 31, there was short interest totaling 8,210,000 shares, an increase of 43.3% from the May 15 total of 5,730,000 shares. Based on an average daily trading volume of 2,390,000 shares, the short interest ratio is currently 3.4 days.

Shares of NTNX rose $0.57 during trading hours on Wednesday, hitting $14.32. The stock recorded a trading volume of 133,654 shares, compared to an average volume of 2,180,884 shares. Nutanix has a 1-year low of $13.44 and a 1-year high of $44.50. The stock’s 50-day moving average price is $21.80 and its two-hundred-day moving average price is $26.06. The stock has a market capitalization of $3.21 billion, a price-earnings ratio of -3.04 and a beta of 1.52.

Nutanix (NASDAQ:NTNX – Get Rating) last released its quarterly results on Wednesday, May 25. The technology company reported EPS of $0.05 for the quarter, beating the consensus estimate of $0.22 by $0.17. The company posted revenue of $403.70 million in the quarter, compared to $397.90 million expected by analysts. The company’s revenue increased 17.2% year over year. In the same quarter of the previous year, the company recorded EPS of ($0.87). As a group, analysts expect Nutanix to post -2.24 EPS for the current year.

Separately, CEO Rajiv Ramaswami sold 5,000 shares of the company in a deal that took place on Friday, March 18. The stock was sold at an average price of $24.72, for a total transaction of $123,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, available on the SEC’s website. 0.92% of the shares are held by insiders of the company.

A number of institutional investors and hedge funds have recently increased or reduced their stake in NTNX. Norges Bank bought a new position in Nutanix stock during the fourth quarter worth approximately $68,740,000. Woodline Partners LP increased its position in Nutanix shares by 1,643.6% during the fourth quarter. Woodline Partners LP now owns 1,478,004 shares of the technology company valued at $47,089,000 after purchasing an additional 1,393,239 shares during the period. Vanguard Group Inc. increased its position in Nutanix shares by 5.0% during the first quarter. Vanguard Group Inc. now owns 23,344,292 shares of the technology company valued at $626,094,000 after purchasing an additional 1,116,856 shares during the period. Wellington Management Group LLP increased its position in Nutanix shares by 6,627.1% during the first quarter. Wellington Management Group LLP now owns 991,370 shares of the technology company valued at $26,589,000 after purchasing an additional 976,633 shares during the period. Finally, Two Sigma Advisers LP increased its position in Nutanix shares by 81.4% during the third quarter. Two Sigma Advisers LP now owns 2,141,935 shares of the technology company valued at $80,751,000 after purchasing an additional 960,900 shares during the period. Institutional investors hold 70.43% of the company’s shares.

Several analysts have commented on NTNX shares. Bank of America downgraded Nutanix from a “buy” rating to a “neutral” rating and reduced its target price for the company from $54.00 to $22.00 in a Thursday, May 26 research note. JMP Securities cut its target price on Nutanix from $48.00 to $35.00 and set a “market outperformance” rating on the stock in a Thursday, May 26 research note. Needham & Company LLC reduced its price target on Nutanix from $34.00 to $20.00 and set a “buy” rating on the stock in a Thursday, May 26 research note. William Blair downgraded Nutanix from an “outperforming” rating to a “market performance” rating in a Thursday, May 26 research note. Finally, Morgan Stanley cut its price target on Nutanix from $31.00 to $18.00 and set an “equal weight” rating on the stock in a Thursday, May 26 research note. Six equity research analysts gave the stock a hold rating and eight gave the company a buy rating. According to data from MarketBeat.com, Nutanix has a consensus rating of “Buy” and a consensus target price of $30.00.

Nutanix Company Profile (Get a rating)

Nutanix, Inc provides an enterprise cloud platform in North America, Europe, Asia-Pacific, the Middle East, Latin America and Africa. The company offers Acropolis converged virtualization, enterprise storage services, and network visualization and security services; Acropolis Hypervisor, an enterprise-grade virtualization solution; Nutanix Karbon for automated deployment and management of Kubernetes clusters to simplify provisioning, operations, and lifecycle management of cloud-native environments; and the Nutanix Clusters solution.

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Alexandria Real Estate Equities (NYSE:ARE) sets new 12-month low at $135.00 https://topclusters.org/alexandria-real-estate-equities-nyseare-sets-new-12-month-low-at-135-00/ Tue, 14 Jun 2022 16:39:54 +0000 https://topclusters.org/alexandria-real-estate-equities-nyseare-sets-new-12-month-low-at-135-00/ The stock price of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) hit a fresh 52-week low during Tuesday’s trading session. The stock traded as low as $135.00 and last traded at $135.49, with volume of 5694 shares changing hands. The stock previously closed at $136.71. A number of equity research analysts have recently […]]]>

The stock price of Alexandria Real Estate Equities, Inc. (NYSE:ARE – Get Rating) hit a fresh 52-week low during Tuesday’s trading session. The stock traded as low as $135.00 and last traded at $135.49, with volume of 5694 shares changing hands. The stock previously closed at $136.71.

A number of equity research analysts have recently released reports on ARE shares. TheStreet reduced shares of Alexandria Real Estate Equities from a “b-” rating to a “c+” rating in a Friday, March 11 report. StockNews.com downgraded shares of Alexandria Real Estate Equities from a “hold” rating to a “sell” rating in a Thursday, April 28 research report. One investment analyst gave the stock a sell rating, one gave the company a hold rating and five gave the company a buy rating. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $180.80.

The company has a market capitalization of $22.37 billion, a P/E ratio of 49.00, a PEG ratio of 2.26 and a beta of 0.85. The stock’s 50-day moving average is $176.34 and its two-hundred-day moving average is $191.92. The company has a debt ratio of 0.51, a current ratio of 0.40 and a quick ratio of 0.40.

Alexandria Real Estate Equities (NYSE:ARE – Get Rating) last released its results on Monday, April 25. The real estate investment trust reported ($0.96) earnings per share for the quarter, missing analyst consensus estimates of $0.75 per ($1.71). The company posted revenue of $615.10 million in the quarter, versus a consensus estimate of $595.35 million. Alexandria Real Estate Equities posted a net margin of 18.30% and a return on equity of 2.28%. The company’s revenues increased by 28.2% compared to the same quarter last year. During the same period of the previous year, the company achieved EPS of $1.91. As a group, research analysts expect Alexandria Real Estate Equities, Inc. to post EPS of 8.4 for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 15. Shareholders of record on Thursday, June 30 will receive a dividend of $1.18 per share. This represents an annualized dividend of $4.72 and a yield of 3.44%. This is a boost from Alexandria Real Estate Equities’ previous quarterly dividend of $1.15. The ex-dividend date is Wednesday, June 29. Alexandria Real Estate Equities’ dividend payout ratio is currently 164.88%.

In other news, CEO Stephen Richardson sold 5,000 shares in a trade that took place on Monday, May 9. The shares were sold at an average price of $171.47, for a total transaction of $857,350.00. As a result of the sale, the CEO now directly owns 175,602 shares of the company, valued at $30,110,474.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, manager James P. Cain sold 425 shares in a trade that took place on Wednesday, March 16. The shares were sold at an average price of $193.26, for a total transaction of $82,135.50. The disclosure of this sale can be found here. Insiders sold 7,290 shares of the company worth $1,292,996 in the past ninety days. Insiders own 0.96% of the shares of the company.

Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Industrial Alliance Investment Management Inc. acquired a new position in Alexandria Real Estate Equities in the fourth quarter worth approximately $26,000. DB Wealth Management Group LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter valued at $26,000. Confluence Wealth Services Inc. acquired a new stake in Alexandria Real Estate Equities in the fourth quarter valued at $27,000. Bank of New Hampshire acquired a new stake in Alexandria Real Estate Equities in the first quarter worth $28,000. Finally, Tcwp LLC acquired a new stake in Alexandria Real Estate Equities in the first quarter at a value of $31,000. 94.49% of the shares are currently held by institutional investors and hedge funds.

About Alexandria Real Estate Stocks (NYSE:ARE)

Alexandria Real Estate Equities, Inc (NYSE: ARE), an S&P 500 urban office real estate investment trust (“REIT”)®is the leading owner, operator and developer focused solely on collaborative life sciences, technology and agtech campuses in AAA innovation clusters, with a total market capitalization of $31.9 billion at December 31, 2020 and a North American asset base of 49.7 million square feet (“SF”).

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Stagflation concerns pushed dollar and yield higher, stocks lower https://topclusters.org/stagflation-concerns-pushed-dollar-and-yield-higher-stocks-lower/ Sat, 11 Jun 2022 11:58:42 +0000 https://topclusters.org/stagflation-concerns-pushed-dollar-and-yield-higher-stocks-lower/ Stagflation fears have intensified significantly over the past week. In particular, even the usually cautious ECB pre-committed to rate hikes in July and September, while delivering new economic forecasts with significantly higher inflation and weaker growth projections. The sell-off in risky markets accelerated further after the US CPI reaccelerated to a new 40-year high. Hopes […]]]>

Stagflation fears have intensified significantly over the past week. In particular, even the usually cautious ECB pre-committed to rate hikes in July and September, while delivering new economic forecasts with significantly higher inflation and weaker growth projections. The sell-off in risky markets accelerated further after the US CPI reaccelerated to a new 40-year high. Hopes of a spike in inflation have been dashed. The Fed is more likely than not to continue with its 50bps-per-meeting hike plan through September. Higher prices and rates will suppress consumer spending and eventually drag the economy down.

The dollar ended as the strongest, both supported by risk aversion and rising treasury yields. The yen was originally the runaway loser, but came back to live on risk aversion on Friday. The Swiss franc was the second worst. The Euro’s performance was disappointing given the more hawkish ECB than expected. The other currencies mainly traded were mixed against each other.

The S&P 500, FTSE and DAX fell on fear of stagflation

In the United States, the S&P 500’s slide began on Thursday, followed by a gap-low on Friday and an accelerated sell-off. The development suggests that the oversold bounce from 3810.32 ended at 4177.41. The rejection by the 55-day EMA keeps the short-term outlook down.

The whole corrective pattern from 4818.62 is still in play and it has likely started another down leg to the 3810.32 low. Strong support may be seen around the 3666.44/3672.97 cluster projection level to complete the correction (61.8% projection from 4637.30 to 3810.32 from 4177.51 to 3666.44, 161.8% from 4818.62 to 4222.62 from 4637.30 to 3672.97).

However, a firm break of 3666.44/3672.97 will bring an even deeper correction into the support zone between 3195.28 and 3505.24 (61.8% and 50% retracement from 2191.86 to 4818.62 ).

Across the Atlantic in the UK, FTSE price action from 7687.27 is seen as an upward corrective pattern from 4898.79. This is probably the start of another leg dropping. The break of the support at 7158.52 should send the FTSE down to a 38.2% retracement from 4898.79 to 7687.27 at 6622.07.

In Germany, the sharp decline in the DAX suggests it is likely to start another leg down in the correction from 16290.19. The rejection by the 55-week EMA confirms this bearish case. The short-term focus is on the 13380.67 support. A firm break will confirm this bearish case and target the support at 12438.85, and likely following the 61.8% retracement from 8255.65 to 16290.19 at 11324.84.

US 10-year yield hits 2018 high as uptrend resumes

The yield on the German 10-year Bund jumped to close at 1.52%, its highest level since 2014. The yield on the UK 10-year Gilt also rose to 2.4475, its highest since 2014 as well. In the US, the breakout in 10-year yields at 3.167 suggests that the medium-term uptrend is resuming. But it should be noted again that TNX is facing a key long-term resistance level at 3.248 (2018 high), which may cap its upside. However, a sustained break of 3.248 would eventually mark the end of the decades-long downtrend from 15.84 (1981 high). It would be a significant, era-defining development if it happened.

The dollar index could be ready to resume a long-term uptrend

The rebound in the Dollar Index from 101.29 extended higher last week. The strong support seen from the 55-day EMA is a bullish sign. Current bullish acceleration increasing the chances of a resumption of the uptrend. Short-term focus is back on the 105.00 high. The rejection at 105:00 will extend the corrective pattern from there with another leg down, likely with one more hold on the 55-day EMA.

However, a sustained breakout of 105.00 will resume the long-term uptrend. The next target will be a 61.8% projection from 72.69 (2011 low) to 103.82 (2017 high) from 89.20 (2021 low) to 108.43.

USD/JPY around 150? Or will Japan intervene?

The yen fell to its lowest level against the dollar since 2001 last week. The yen’s sell-off was originally broad-based, but managed to rally against most others due to risk aversion on Friday. The widening yield spread will keep the pressure on the Japanese currency. But the question is whether the current development is sufficient to trigger government intervention or BoJ action.

On rare occasions, the Ministry of Finance, the Financial Services Agency and the BoJ have issued a statement expressing their concerns. The statement noted that “we are concerned about the rapid depreciation of the yen”. The government and BoJ will work to “closely monitor trends” and their impact on the economy. More importantly, he noted that, based on the G7 agreement, “excessive fluctuations and chaotic movements” can lead to “appropriate action if necessary.”

Barring special actions, including direct intervention by the MoF or the BoJ allocating a wider range for the 10-year JGB yield, the USD/JPY rally is here to stay. Continue. As long as the support at 126.35 holds, the current uptrend should aim for a 100% projection from 75.56 (2011 low) to 125.85 (2015 high) from 98.97 to 149.26 , which is close to 147.68 (1998 high).

Gold’s Main Hurdle at 1900 Despite Impressive Rebound

Gold’s reversal on Friday is impressive and worth mentioning. It first dipped to 1824.93 following the US CPI release, but then rebounded to close at 1871.47, after breaking through the resistance at 1873.88. An environment where global interest rates are rising should be unfavorable for gold. Yet it attracts safe-haven flows (much less than the dollar), when funds rush out of Treasuries and stocks.

Technically, there is short-term upside potential. But the main hurdle is the 1900 handle, which is near 1894.77 support and short-term falling channel resistance. Strong resistance could be seen from this handle to complete the corrective recovery from 1786.65.

The drop from 2070.06 is seen as the third leg of the whole corrective pattern from 2074.74 (2020 high), and there should be some more dips to come, towards support at 1682 60. Nonetheless, a sustained breakout of 1900 will mitigate this bearish case and could trigger fierce buying towards 2000.

EUR/USD Weekly Outlook

The late fall in EUR/USD last week suggests that the corrective recovery from 1.0348 has ended at 1.0786, after rejection by the 55-day EMA. Initial bias remains lower this week to retest long term support at 1.0348 and 1.0339. A decisive break there will resume a larger downtrend. On the upside, minor resistance above 1.0641 will first turn the intraday bias into neutral.

Overall focus remains on long-term support at 1.0339 (2017 low). The decisive break will resume the entire downtrend there from 1.6039 (2008 high). The next target is a 61.8% projection of 1.3993 to 1.0339 from 1.2348 to 1.0090. However, the firm break of 1.0805 support turned resistance will delay this bearish scenario. The rise from 1.0348 is at least a correction to the downtrend from 1.2348. A stronger rebound would be seen with a 38.2% retracement from 1.2348 to 1.0348 to 1.1112.

On the longer term, the current pattern suggests that the long term downtrend from 1.6039 (2008 high) is ready to resume. The breakout of 1.0339 will target a 61.8% projection of 1.3993 to 1.0339 from 1.2348 to 1.0090. A decisive break there could lead to an acceleration down to a 100% projection at 0.8694.

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Oil ETFs plunge as China reinstates lockdowns https://topclusters.org/oil-etfs-plunge-as-china-reinstates-lockdowns/ Thu, 09 Jun 2022 22:36:36 +0000 https://topclusters.org/oil-etfs-plunge-as-china-reinstates-lockdowns/ Crude oil-linked exchange-traded funds fell on Thursday as Shanghai enacted new COVID-19 lockdown measures, stoking concerns about China’s demand outlook. Thursday, the United States Petroleum Fund (NYSEArca: USO)which tracks West Texas Intermediate crude oil futures, and the US Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, both fell 1.0%. Meanwhile, WTI crude […]]]>

Crude oil-linked exchange-traded funds fell on Thursday as Shanghai enacted new COVID-19 lockdown measures, stoking concerns about China’s demand outlook.

Thursday, the United States Petroleum Fund (NYSEArca: USO)which tracks West Texas Intermediate crude oil futures, and the US Brent Oil Fund (NYSEArca: BNO), which tracks Brent crude oil futures, both fell 1.0%. Meanwhile, WTI crude oil futures fell 0.5% to $121.5 a barrel, and Brent crude futures fell 0.6% to $122.9 a barrel. .

Shanghai reinstated movement restrictions to help quarantine the spread of new COVID-19 cases, contributing to greater uncertainty over a recovery in fuel demand in one of the largest oil-consuming economies in the world. world, Bloomberg reported. The financial hub only just lifted a two-month shutdown in early June, but Beijing’s zero-tolerance policy against COVID-19 has helped the government respond quickly to any new clusters of infections.

“Crude futures are also in an overbought situation and a corrective phase is certainly due,” Dennis Kissler, senior vice president of trading at BOK Financial, told Bloomberg. “Prices need to take a breather at some point and possible new COVID issues in China are helping this morning.”

Crude oil prices have surged this year following a global economic rebound following the COVID-19 pandemic, and the Russian-Ukrainian war has further contributed to supply issues, causing global supply to tighten .

A key OPEC member, the United Arab Emirates, has warned that prices are still “far” from their peak and even added that China’s impending recovery could weigh more on the market.

Additionally, the peak summer gasoline demand season in the United States could push crude oil prices higher going forward.

“I think higher energy prices are here for the rest of the year unless we see a breakthrough allowing a significant amount of crude to come back into the market,” Andrew Lipow, president of Lipow Oil Associates.

For more news, insights and strategy, visit VettaFi.

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Oil prices are rising, but Canada is getting relatively less for every barrel – here’s why https://topclusters.org/oil-prices-are-rising-but-canada-is-getting-relatively-less-for-every-barrel-heres-why/ Wed, 08 Jun 2022 08:00:00 +0000 https://topclusters.org/oil-prices-are-rising-but-canada-is-getting-relatively-less-for-every-barrel-heres-why/ Oil prices around the world are at their highest level in years, but Canadian oil sands producers are seeing comparatively less for every barrel due to supply and demand imbalances. The benchmark price for North American oil, a blend of crude known as West Texas Intermediate or WTI, changed hands for US$119 a barrel on […]]]>

Oil prices around the world are at their highest level in years, but Canadian oil sands producers are seeing comparatively less for every barrel due to supply and demand imbalances.

The benchmark price for North American oil, a blend of crude known as West Texas Intermediate or WTI, changed hands for US$119 a barrel on Tuesday – a striking distance from the multi-year high of US$120.99 after Russian President Vladimir Putin’s invasion of Ukraine in February threw the market into turmoil.

WTI is what is called a “light, sweet” blend, so named because it is less dense than “heavy” oils and contains much less sulfur than others that are considered “sour”. “. These chemical qualities make refining, storing and shipping easier and cheaper, which is why WTI has become the popular benchmark for oil prices.

But countless other blends exist, including the type of oil that comes out of Alberta’s tar sands, a heavy, sour blend known as Western Canada Select or WCS. Crude from Canada’s oil sands almost always trades at a discount to blends like WTI because it must be diluted before shipping and because there are associated transportation difficulties in getting it out of the Alberta landlocked and in pipelines or railcars to US Gulf refineries. coast.

Typically, this discount is around US$10-15 per barrel, but recent events have pushed the spread past $20. It’s the widest since November, and close to the $24 gap seen at the very start of COVID-19 when the price of oil fell.

This means that even if WTI flirts with US$120 a barrel, Canadian oil sands producers only receive US$99 for their product.

There are many reasons for this, but they all boil down to one fundamental rule of economics: supply and demand.

Different oil blends require refineries to be sized differently to handle them, and many refiners are not set up to handle heavy blends like WCS. During the pandemic, production of many heavy mixes slowed, which inadvertently helped secure buyers for WCS.

“For a long time, WCS really took advantage of the reduced availability of Mexican heavy crude and Venezuelan crude,” said Rory Johnston, founder of oil market data service Commodity Context. “All the other heavy roughs in the area that they traditionally competed against, they were gone, so WCS was almost the only game in town.”

A cup of heavy oil extracted from the Canadian oil sands is shown. Canadian oilsands crude is still trading at a discount to more popular US blends, but that price differential has widened in recent weeks. (Reuters)

But this is no longer the case. Production of a heavy Mexican blend known as Mayan crude is booming, as are medium-heavy blends from offshore platforms like Mars and Poseidon.

The result is that refiners taking these heavy blends aren’t short on supply, so they can afford to be more selective about what to pay and who to buy them from.

“You have more options, so you’re not taking as many as usual,” is how energy analyst Fernando Valle of Bloomberg Intelligence describes the mindset of U.S. heavy crude refiners in this moment.

This slowdown in demand also comes against the backdrop of an increase in supply in Alberta. May is generally a slower month for oil production in Canada’s oil patch, as changing weather conditions lead to what Valle calls a “thaw.”

“It’s hard to move rigs because the ground thaws, so there’s usually a decline,” he said in an interview. That’s why many facilities voluntarily or involuntarily close each spring, but early indications are that production will rebound strongly this summer. And all that excess Canadian oil is already starting to pile up.

Canadian oil inventories are already at their highest level since 2019, and they are on track to rise this month, according to data from Bloomberg. In the context of this oversupply and falling demand, a growing price differential for Canadian oil makes perfect sense.

LOOK | Why oil and gas prices are at record highs:

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Adrienne Arsenault talks to CBC Senior Business Reporter Peter Armstrong about why gas prices have hit record highs and when Canadians can expect to get a break.

“Inventory in Hardisty, Alta., is fuller than inventory in Cushing,” Valle said, referring to the oil hub in Cushing, Oklahoma, the central transportation hub of the U.S. energy industry, at through which nearly every barrel of oil flows. at one time or another.

“That’s ultimately what that differential is telling you.”

The Biden plan will release even more barrels

This imbalance could get worse before it gets better due to a plan announced earlier this year by the Biden administration to release millions of barrels of crude oil from the strategic petroleum reserve to offset the uproar caused by Putin’s invasion.

Nearly 40 million barrels of crude should be on the market from July 1 the US Department of Energy said last monthand the mixture of crude released is sour, making it similar to the type of oil offered by the tar sands – and all will be released near the cluster of US Gulf Coast refineries that Canadian producers also sell.

This projected release is more than 10 times greater than Canada’s oil sands production on a typical day, so a market flooded with such a quantity of sour crude is likely to drive the price of oil even further down. Canadian products.

“That Alberta material is still going to be shipped there,” Johnston said. “They’re just going to have to cut it further to sell it.”

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The exchange rate between the British pound and the South African rand could be close to the bottom in the short term https://topclusters.org/the-exchange-rate-between-the-british-pound-and-the-south-african-rand-could-be-close-to-the-bottom-in-the-short-term/ Mon, 06 Jun 2022 16:16:23 +0000 https://topclusters.org/the-exchange-rate-between-the-british-pound-and-the-south-african-rand-could-be-close-to-the-bottom-in-the-short-term/ GBP/ZAR could approach a short-term low As USD/ZAR hits a series of supports With GDP, Current Account and Industrial Data Coming Soon Soweto Towers. Image ©Adobe Images The exchange rate between the pound and the rand fell to its lowest in almost two months at the start of the new week, but could stabilize above […]]]>
  • GBP/ZAR could approach a short-term low
  • As USD/ZAR hits a series of supports
  • With GDP, Current Account and Industrial Data Coming Soon

Soweto Towers. Image ©Adobe Images

The exchange rate between the pound and the rand fell to its lowest in almost two months at the start of the new week, but could stabilize above the level near 19.27 over the next few days after the South African currency was blocked by a series of key resistance levels against the dollar. on the maps.

The South African rand was one of the best-performing currencies in the G20 basket on Monday behind the Russian ruble after benefiting from a buoyant market for commodity-related currencies and large gains for risky assets like equities.

“The last two sessions last week were plagued by a lack of liquidity and real activity as UK markets closed. US payrolls data showed an increase of 390,000 on an expectation of 317,500. This triggered some price action on the rand, which traded at a high above 15,5000,” says Walter de Wet, fixed income and currency strategist at Nedbank.

“The rand this morning is trading below 15,500 again; the technical support level at 15,4000 remains intact,” de Wet and colleagues said on Monday.

Monday’s declines in USD/ZAR weighed heavily on the exchange rate between the pound and the rand, even as the pound itself pared the widespread losses suffered against many currencies in the previous week.


Above: The exchange rate between the pound and the rand displayed at daily intervals with Fibonacci retracements of the April rally indicating possible areas of short-term technical support for the pound. Click on the image for a closer inspection.


This marks an extension of a rally in the South African rand that has been picking up just past mid-April and early indications of Shanghai heading for a reopening from China’s longest coronavirus-induced shutdown to date.

The potential hitch for the Rand, however, is that with USD/ZAR appearing to rebound from a series of important technical support levels on the charts on Monday, there is now a risk that GBP/ZAR may have hit a low. short-term trough around the 19.27 level.

The Pound to Rand exchange rate is sensitive to USD/ZAR price action and would likely stabilize above the 19.27 level this week unless USD/ZAR is able to push below the group of moving averages and the key Fibonacci retracement supporting it between 15.2573 and 15.3643 in the days ahead.

This could mean that Tuesday’s South African GDP data for the first quarter will have a significant influence on the direction of the Rand in the near term.

“GDP is expected to grow by 1.1% qqsa in the first quarter of 2022, compared to a rise of 1.2% qqsa in Q4.21,” says Lara Hodes, economist at Investec.


Above: South Africa’s economic calendar for the week ahead and market expectations for the results. Source: Investec.


“The domestic manufacturing sector is expected to contract further by -3.6%y/y in April, following the -0.8%y/y decline in March, underpinned by production impediments caused largely by flooding in Kwa-Zulu Natal and increased rotational load shedding.. Similarly, mining production has likely dropped significantly,” Hodes also warned.

South Africa’s GDP data for the latest quarter will be released early Tuesday and comes days ahead of April’s output figures for the manufacturing and mining sectors, all of which will provide clues about the outlook for economic growth and could have an impact on the appetite for the rand.

However, Friday’s U.S. inflation numbers and developments in and around the Chinese economy, which is expected to announce its May import and export numbers on Thursday this week, are likely to be at least as consequential for the rand.

Any deterioration in China’s trade situation or upside surprise in US inflation data would be a potential catalyst for US dollar strength and support for the pound/rand exchange rate.

“The trend in export orders, particularly in Asia, remains weak, underscoring the deteriorating outlook for trade-oriented currencies in the region. Emerging market manufacturing sentiment is likely to struggle further as the growth in developed economies is slowing, the recovery in China remains anemic and price pressures are mounting. The CNY is the most sensitive to swings in its PMI,” said Mitul Kotecha, head of emerging markets strategy at Securities. TD Mobiliar.


Above: USD/ZAR at daily intervals with selected moving averages and Fibonacci retracements of the April rallies indicating possible areas of short-term technical support for the dollar and resistance for the rand, and displayed alongside GBP/ZAR. Click on the image for a closer or more detailed inspection.


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Jose Berrios’ plan returns him to dominance as Blue Jays beat Twins https://topclusters.org/jose-berrios-plan-returns-him-to-dominance-as-blue-jays-beat-twins/ Sat, 04 Jun 2022 22:36:00 +0000 https://topclusters.org/jose-berrios-plan-returns-him-to-dominance-as-blue-jays-beat-twins/ TORONTO — Between starts, Jose Berrios’ process includes watching a video of his previous outing, diagnosing trouble spots, reviewing solutions, then consulting with pitching coach Pete Walker and others Toronto Blue Jays staff. “Four eyes are better than two,” the right-hander explained. “We come to the same page, then we create a plan and try […]]]>

TORONTO — Between starts, Jose Berrios’ process includes watching a video of his previous outing, diagnosing trouble spots, reviewing solutions, then consulting with pitching coach Pete Walker and others Toronto Blue Jays staff.

“Four eyes are better than two,” the right-hander explained. “We come to the same page, then we create a plan and try to execute it.”

After his last outing in Anaheim, when he allowed six runs in 2.1 innings and his fastball speed was down about 2½ mph, Berrios needed a plan. Before hitting a career-best 13 in seven dominant innings in the Minnesota Twins’ 12-3 loss on Saturday, he and the Blue Jays found one good enough to tackle both the dead arm that held him back. tormented last time out, and the unsettling amount of hard contact he’s given up this season.

“I threw a lot of fastballs but not quality fastballs and it caused a lot of damage,” he said before his release. “It’s one of the things I’ve been working on.”

One of, and far from the only, everyone collectively contributing to his impressive rebound against the team that traded him last summer.

First and foremost Berrios’ bike was back, then some as he averaged 94.3 mph, up one tick from his baseline, and peaked at 95, 8, easing concerns that last week’s drop was health-related. To counter what he said was “one of those days when you don’t have power in your arm”, his throwing schedule was adjusted, training reduced and nutrition changed, leading to a strong midweek bullpen “that was a good sign.”

Then Berrios and the Blue Jays looked to make better use of his repertoire, which the Angels’ outing aside, charted better than played.

“We think we can do a better job of putting ourselves in a better position to finish hitters,” Walker said. “Obviously he sets the fastball, locates the fastball and digs it with his breakup ball better than he does.”

This table of his 2022 exit points offers a good starting point:

Blue – Curveball; Green – Change; Orange – Lead; Red – Four-seam Fastball. (Credit: Baseball Savant)

Notice that his curveball and change are clustered further down the cluster, while his fastballs are higher up. To better unify the release point, they made a slight tweak to the pitching rubber and tweaked how Alejandro Kirk set up behind the plate.

Against the Twins, the tunnel was much tighter.

(Graphic credit: Baseball Savant)

Next is a better location with its radiators, avoiding the glove side of the plate in the middle with its four seams and in the middle with its lead, the main hot spots for both pitches. In turn, each offer forced the Twins hitters on their heels, making his curveball, in particular, and his changeover even more effective.

Of his 13 strikeouts, six came on curveballs, five on sinkers and one each on the four-seam and change. He got 19 puffs, two shy of his career best.

“When you work those two throws, it gives the slider and change even more opportunities to swing and miss,” Kirk said through performer Hector Lebron. “He made some really, really good adjustments for today.”

Putting away the batters had been a problem for Berrios this season, as opponents ended up batting .273/.310/.382 in 58 plate appearances after he took a 0-2 lead heading into Saturday, and .244 /.306/. 356 in 49 plate appearances after leading 1-2.

What matters, according to Walker, “isn’t just getting into those counts, it’s how you get there and what you use in those counts.”

“Just because you’re 0-2, 1-2 doesn’t mean you’re going to finish somebody off with your nasty breaking ball if you don’t do it the right way, if you don’t get your spear ready in the common sense,” he continued. “So we’re working on better sequencing his throws, ordering his fastball and getting to the right spots better, to better tunnel his breaking ball.”

All of those elements came together on Saturday and even the only damage against Berrios, Jorge Polanco’s two-run homer in the first, came on a four-outside-edge seam fastball that a lesser hitter could very well have knocked down.

After Nick Gordon’s first double in the second, he didn’t allow another base hit, walking only two and hitting one in his final five frames.

“I think my strength is diving and then sliding down and down,” Berrios said. “We created a plan, we worked on it, I executed it well, so we got some really good results today.”

The Blue Jays quickly made up that deficit on a solo shot from Bo Bichette in the first with a double from Cavan Biggio RBI, a field single from George Springer RBI and a scoring error from shortstop Jermain Palacios in the second.

Kirk continued to smash with a two-run homer in the third, while another two-run drive from Vladimir Guerrero Jr. in the fourth really opened things up in front of a crowd of 36,987 and under skies of immaculate afternoon. A sacrificial fly by George Springer in the seventh plus a two-run single by Lourdes Gurriel Jr. and a Biggio RBI single in the eighth capped the scoring.

The victory was the ninth in 10 games for the Blue Jays after their eight-game winning streak ended on Friday, and 13e in the last 17 outings in total. More importantly, Berrios and the Blue Jays’ plan worked, and he looked more like himself than at any other time this season.

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