DOLLAR POSITIVE  The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building.

CURRENCY INVESTORS DOLLAR POSITIVE AMID STRONG HOUSING DATA

DOLLAR POSITIVE AMID STRONG HOUSING DATA

 DOLLAR POSITIVE  The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building.

CURRENCY INVESTORS DOLLAR POSITIVE  The dollar traded higher against a basket of global currencies on Wednesday, buoyed by upbeat housing data indicating a turnaround in the sluggish pace of U.S. home building.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.14% to 94.58.



DOLLAR POSITIVE

 

U.S. homebuilding in June topped analysts’ expectations, after declining for three straight months, as both single-family and multi-family construction increased, offsetting the recent raft of economic reports pointing to possible weakness in the economy.

Housing starts jumped 8.3 percent to a seasonally adjusted annual rate of 1.22 million units, the highest level since February, the Commerce Department said on Wednesday.

Economists had forecast activity rising to a rate of 5.8%.

The better-than-expected economic data helped the greenback recover recent losses against the euro.

EUR/USD fell 0.29% to $1.1521, as traders look ahead to the European Central Bank (ECB) meeting Thursday amid expectations that the central bank would avoid elaborating on its plans to taper its asset-purchase program.

Investors will also have to contend with an interest rate decision from the ECB, with the majority of analysts expecting an unchanged decision from the central bank.

USD/CAD traded at $1.2595, down 0.25%, as better-than-expected Canadian manufacturing data and a rise in oil prices underpinned a move higher in the oil-sensitive Canadian dollar.

Meanwhile, sterling remained range bound against the dollar, falling to $1.3034, down 0.06%, ahead of an update due Thursday on the progress of Brexit negotiations to determine terms of the UK’s exit from the European Union.

USD/JPY fell to Y111.70, down 0.4%, as traders awaited the Bank of Japan’s monetary policy statement later on Wednesday.

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Neurotrope's mid-stage data  Thinly traded nano cap Neurotrope (NTRP-17.2%) slumps on almost triple normal volume, albeit on only 202K shares, in response to its announcement

Neurotrope’s mid-stage data on Alzheimer’s candidate underwhelms investors

Neurotrope’s mid-stage data on Alzheimer’s candidate underwhelms investors; shares down 17%

 Neurotrope's mid-stage data  Thinly traded nano cap Neurotrope (NTRP-17.2%) slumps on almost triple normal volume, albeit on only 202K shares, in response to its announcement

INVESTORS  Neurotrope’s mid-stage data  Thinly traded nano cap Neurotrope (NTRP-17.2%) slumps on almost triple normal volume, albeit on only 202K shares, in response to its announcement of results from a Phase 2 clinical trial assessing bryostatin-1 in patients with moderate-to-severe Alzheimer’s disease (AD). The data were presented at the Alzheimer’s Association International Conference in London.

The 13-week, randomized, double-blind, placebo-controlled study evaluated the safety, tolerability and efficacy of two doses (20 µg and 40 µg) of bryostatin-1 in 147 AD patients.

 




 

Neurotrope’s mid-stage data

Improvements in a scale called Severe Impairment Battery (SIB), the primary cognitive endpoint, were observed in the 20 µg arm but not in the 40 µg arm. In addition, patients treated with the higher dose had a higher dropout rate with a higher incidence of treatment-emergent adverse events.

The company says the lack of signal at the 40 µg dose was not unexpected since the downregulation phase appears to override the initial activation phase, thereby dampening the desired clinical effect.

Bryostatin, an activator of an enzyme called protein kinase (PKC), was originally developed as a cancer chemotherapeutic. It is being evaluated as a treatment for Alzheimer’s disease by Blanchette Rockefeller Neurosciences Institute, the licensor to Neurotrope.

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BUZZ  DOLLAR AT HIGHS

DOLLAR AT HIGHS, SHRUGS OFF WEAK INFLATION AND JOBS DATA

DOLLAR AT HIGHS, SHRUGS OFF WEAK INFLATION AND JOBS DATA

DOLLAR AT HIGHS  The dollar advanced to session highs against a basket of global currencies on Thursday, shrugging off a duo of weaker

FOREX INVESTORS BUZZ  DOLLAR AT HIGHS  The dollar advanced to session highs against a basket of global currencies on Thursday, shrugging off a duo of weaker than expected economic reports.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, rose by 0.12% to 95.66.

The dollar hit session highs despite data showing that both wholesale inflation and initial jobless claims undershot expectations.

Inflation continued to stutter as U.S. producer prices rose 0.1% in June, missing expectations of a 0.2% rise.

The U.S. Department of Labor reported Thursday that initial jobless claims fell by 3000 to 247,000 in the week ended July 7, missing forecasts of a 5,000 decline.



DOLLAR AT HIGHS

 

The latest batch of soft inflation data come amid a second day of testimony from Fed chair Janet Yellen, which was mainly focused on regulatory issues, but Yellen did mention there weren’t any signs the current economic expansion will come to end soon.

A day earlier on Wednesday, Yellen signalled that interest rate increases would be gradual, lowering investor expectations of the Fed adopting an aggressive rate hike path.

The tick higher in the greenback weighed on the euro, with EUR/USD at $1.1387, down 0.22%.

GBP/USD rose to $1.2921, up 0.29%, after Bank of England policymaker Ian McCafferty urged the central bank to consider unwinding its quantitative easing programme early.

USD/CAD fell by 0.10% to C$1.2738 while USD/JPY added 0.15% to Y113.31.

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Juniper Networks Stock Today’s stock represents one of the most promising strategies for investors: venture capital stocks.

Data Center Demand to Push Juniper Networks Stock Higher

JNPR Stock to Gain More on This Growth Trend

Juniper Networks Stock Today’s stock represents one of the most promising strategies for investors: venture capital stocks.

FOREX INVESTORS BUZZ   Juniper Networks Stock Today’s stock represents one of the most promising strategies for investors: venture capital stocks. These are the stocks of companies that supply their products and services to an entire range of industries, and benefit from the growth in a popular technology trend.

Such companies stand to benefit from their innovative solutions making it to a number of enterprises and participating in the secular growth trend.

The network infrastructure market is competitive, and is characterized by rapid change.

With the industry undergoing a lot of transformation, Juniper Networks is innovating to capitalize on the tremendous opportunities in the networking market. With workloads and applications shifting to the cloud and network automation, the demand for Juniper products and services should continue to grow.

As per a report by International Data Corporation (IDC), spending on public cloud services and infrastructure is likely to reach $122.5 billion this year, which is an increase of 24.4% over the previous year. (Source: “Worldwide Public Cloud Services Spending Forecast to Reach $122.5 Billion in 2017, According to IDC,” International Data Corporation , February 20, 2017)

Juniper stock has been posting a good run lately, and is up almost 28% over last year. Over the last five years, the stock has gained more than 86%.



Juniper Networks Stock

 

jupiter stock chart

 

 

 

 

 

 

 

 

 

 

Given the improved outlook for the networking equipment market, JNPR stock has a long-term positive bias. The year 2016 was challenging for the company, but the business and the financials have been improving since then.

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 DOLLAR HOLDS The dollar was little changed at eight-month lows against other major currencies on Friday, as expectations

DOLLAR HOLDS AT FRESH 8-MONTH LOWS, U.S. DATA AHEAD

DOLLAR HOLDS AT FRESH 8-MONTH LOWS, U.S. DATA AHEAD

 DOLLAR HOLDS The dollar was little changed at eight-month lows against other major currencies on Friday, as expectations

BUZ INVESTORS  DOLLAR HOLDS The dollar was little changed at eight-month lows against other major currencies on Friday, as expectations for tighter monetary policies around the world continued to weigh and as investors eyed a stri ng of U.S. data due later in the d ay.

EUR/USD slipped 0.13% to 1.1426, just off the previous session’s 13-month peak of 1.1445.

The euro strengthened broadly after European Central Bank President Mario Draghi indicated on Tuesday that the bank could soon start to unwind its quantitative easing program.

GBP/USD held steady at 1.3002, after hitting a six-week high of 112.19 overnight




 DOLLAR HOLDS

 

The pound was also supported after Bank of England Governor Mark Carney said Wednesday that some removal of monetary stimulus is likely to become necessary as spare capacity in the economy erodes.

The BoE’s monetary policy committee was split 5-3 at its meeting earlier this month on whether to raise interest rates from a record-low 0.25%. Carney voted to keep rates unchanged.

Meanwhile, USD/JPY edged down 0.13% to trade at 112.05.

Earlier Friday, data showed that China’s official manufacturing purchasing manager’s index rose to 51.7 in June from 51.2 the previous month. Analysts had expected the index to slip to 51.0 this month.

The Australian and New Zealand dollars were both higher after the data, with AUD/USD up 0.08% at 0.7688 and with NZD/USD gaining 0.30% to 0.7322.

China is Australia’s biggest export partner and New Zealand’s second biggest export partner.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was steady at a fresh eight-month low of 95.37.

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NATURAL GAS FUTURES RISE  U.S. natural gas futures rose to a fresh four-week high on Thursday, extending gains into a fifth session

US NATURAL GAS FUTURES RISE TO 4-WEEK HIGH AFTER WEEKLY STORAGE DATA

US NATURAL GAS FUTURES RISE TO 4-WEEK HIGH AFTER WEEKLY STORAGE DATA

 NATURAL GAS FUTURES RISE  U.S. natural gas futures rose to a fresh four-week high on Thursday, extending gains into a fifth session

BUZ INVESTORS   NATURAL GAS FUTURES RISE  U.S. natural gas futures rose to a fresh four-week high on Thursday, extending gains into a fifth session after data showed that domestic supplies in storage rose less than anticipated last week.

U.S. natural gas for August delivery was at $3.117 per million British thermal units by 10:33AM ET (1433GMT), up 2.4 cents, or around 0.8%. Futures were at around $3.075 prior to the release of the supply data.

Natural gas edged higher on Tuesday to notch its fourth wining session in a row on Wednesday.

The U.S. Energy Information Administration said in its weekly report that natural gas storage in the U.S. rose by 46 billion cubic feet in the week ended June 23, below forecasts for a build of 52 billion.




NATURAL GAS FUTURES

 

That compared with a gain of 61 billion cubic feet in the preceding week, an increase of 37 billion a year earlier and a five-year average rise of 72 billion cubic feet.

Total natural gas in storage currently stands at 2.816 trillion cubic feet, according to the U.S. Energy Information Administration, 10.2% lower than levels at this time a year ago but 6.4% above the five-year average for this time of year.

Meanwhile, updated weather forecasting models continued to point to increased summer demand in the weeks ahead.

Natural gas prices have closely tracked weather forecasts in recent weeks, as traders try to gauge the impact of shifting outlooks on summer heating demand.

Gas use typically hits a seasonal low with spring’s mild temperatures, before warmer weather increases demand for gas-fired electricity generation to power air conditioning.

Nearly 50% of all U.S. households use gas for heating.

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DOLLAR REMAINS ON THE DOWNSIDE DESPITE STRONG US DATA

DOLLAR REMAINS ON THE DOWNSIDE DESPITE STRONG U.S. DATA

 DESPITE STRONG US DATA  The dollar remained on the downside against the other major currencies on Thursday,

BUZ INVESTORS DESPITE STRONG US DATA  The dollar remained on the downside against the other major currencies on Thursday, as the release of upbeat U.S. economic growth data failed to boost demand for the greenback.

EUR/USD was up 0.33% at a one-year high of 1.1415.

Official data showed that U.S. gross domestic product rose 1.4% in the first quarter, revised up from the previous reading of a 1.2% expansion. Analysts had expected growth to remain unchanged from the prior revision.

On a less positive note, the U.S. Department of Labor said initial jobless claims in the week ending June 24 increased by 2,000 to 244,000 from the previous week’s revised total of 242,000. Analysts expected jobless claims to fall by 2,000 to 240,000 last week.




DESPITE STRONG US DATA

 

Meanwhile, the euro remained supported after European Central Bank President Mario Draghi indicated on Tuesday that the bank could soon start to unwind its quantitative easing program.

GBP/USD gained 0.49% to 1.2989, just off a one-month high of 1.3007 overnight.

The pound strengthened broadly after Bank of England Governor Mark Carney said Wednesday that some removal of monetary stimulus is likely to become necessary as spare capacity in the economy erodes.

The BoE’s monetary policy committee was split 5-3 at its meeting earlier this month on whether to raise interest rates from a record-low 0.25%. Carney voted to keep rates unchanged.

Earlier Thursday, official data showed that U.K. net lending to individuals rose by £5.3 billion in May, beating expectations for an increase of £4.0 billion.

Elsewhere, USD/JPY rose 0.27% to 112.59, while USD/CHF slipped 0.23% to 0.9574.

The Australian dollar was stronger, with AUD/USD up 0.41% at 0.7671, while NZD/USD shed 0.21% to 0.7291.

Data earlier showed that New Zealand’s ANZ Business Confidence index rose to 24.8 in June from 14.9 the previous month.

Meanwhile, USD/CAD slid 0.31% to trade at 1.2997.

The U.S. dollar index, which measures the greenback’s strength against a trade-weighted basket of six major currencies, was down 0.28% at an eight-month low of 95.51.




Arista Stock Higher Today’s stock represents another of my favorite strategies for picking promising stocks with potential high returns. T

Data Center Tech to Push Arista Stock Higher

More Triple-Digit Returns for ANET Stock

Arista Stock Higher Today’s stock represents another of my favorite strategies for picking promising stocks with potential high returns. T

BUZ INVESTORS  Arista Stock Higher Today’s stock represents another of my favorite strategies for picking promising stocks with potential high returns. The “venture capital” way of stock investing helps investors identify the rising stars whose products make it to a number of industries. Through innovative products and solutions, these companies become critical to their customers’ operations and success.

The case in point being Arista Networks Inc (NYSE:ANET), which is a supplier of cloud networking solutions to different businesses. It is a leading player in the market, providing solutions like its “Extensible Operating System” (EOS), a set of network applications, ethernet switches, and related software. Arista’s cutting-edge products have been gaining traction and Arista stock has been going up consistently over the past few months.

According to Transparency Market Research, the global data center networking market in 2016 was was valued at $63.05 billion and is expected to touch $228.4 billion by 2025, expanding at a compound annual growth rate (CAGR) of 15.5% during the forecast period. (Source: “Data Center Networking Market – Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 – 2025,” Transparency Market Research, March 15, 2017.)

Arista announced its first-quarter results last month and posted revenue of $335.5 million, a year-over-year increase of 38.5%. The growth was driven by strong adoption of the company’s innovative offerings. The management is upbeat about the second quarter as well and expects a gross margin of about 61% to 64%.




 Arista Stock Higher

ANET stock chart

 

The Bottom Line on Arista Stock

This venture capital stock has huge potential going forward given the lead it has in data center networking solutions. Although the market is competitive, the company has been able to continuously strengthen its position against its competitors. Arista is well prepared to take on future challenges, which bodes well for Arista stock.

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Growing Data   Today’s stock represents a good example of a “picks and shovels” play on the technology sector, where the company has a great product,

Growing Data Means More Triple-Digit Upside for Western Digital Stock

This Memory Stock Is Set to Fly Higher

 Growing Data   Today’s stock represents a good example of a “picks and shovels” play on the technology sector, where the company has a great product,

BUZ INVESTORS Growing Data   Today’s stock represents a good example of a “picks and shovels” play on the technology sector, where the company has a great product, which is in high demand. And the future growth trajectory points towards further triple-digit gains. Such stocks should be considered by investors as they provide a great opportunity to ride the prevailing trend and gain handsomely in the process.

The case in point being Western Digital Corp (NASDAQ:WDC), which is the world’s leading provider of data storage solutions. The company’s innovative products are at the center of the world’s largest data centers and make their way into advanced smartphones, tablets, and personal computers. Western Digital’s storage solutions enable huge possibilities for the cloud and other sophisticated infrastructures.

This promising opportunity for the company is 3D NAND, which is a type of memory that is used in smartphones, tablets, and other portable devices. This advanced technology has huge potential in the mobile space as 3D NAND memory chips are increasingly being used due to their multiple benefits at a lower cost. Western Digital stock has been gaining on account of this optimism.




Growing Data

As the data-driven economy around us grows, companies like Western Digital stand to benefit from the increasing number of connected mobile devices in the world, as well as the rising need for storage of digital content. As the demand for NAND flash memory remains strong, the company’s focus on conversion to this technology shall further expand its product portfolio and markets in the coming years. Last year, the company completed the acquisition of SanDisk Corporation (NASDAQ:SNDK), a global leader in NAND flash storage solutions, in order to strengthen its presence and deepen its expertise.

And Western Digital is well-positioned to grow and thrive in this market. There are a lot of changes taking place in the data storage industry and the company stands to gain from these new opportunities as a broad-based provider of data storage technologies, devices, and solutions in different markets.

Read More:

Best Tech Stocks To Buy Right Now

The company announced impressive third-quarter results in April this year. The non-GAAP earnings came at $2.39 per share as compared to $1.35 per share in the year-ago quarter. Western Digital generated $1.0 billion in cash from operations during the quarter and has reported three consecutive quarters of strong financial results following the SanDisk acquisition. (Source: “WESTERN DIGITAL ANNOUNCES FINANCIAL RESULTS FOR THIRD FISCAL QUARTER 2017,” Western Digital Corp, April 27, 2017.)

WDC stock has earned over 30% in the year to date as compared to S&P 500 index, which has gained about 10% in the same time period. The stock has gone up by almost 90% over the past one year and has posted astounding gains of almost 189% in the last five years.

WDC stock chart

 

Thanks to the current healthy market environment, together with unlimited opportunities in the coming years, Western Digital stock is likely to continue its streak of posting triple-digit gains.

 

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