Today 8:30 am Eastern time, Nonfarm payrolls, Private Nonfarm rate and Unemployment rate missed expectation.
As Yellen mentioned in meeting, there will be no increase rate this september since all these three data missed.
Short open: between 103.6~104
target price 1: 101.01
target price 2: 99.8
Check Monthly chart.
GILD is one of the fastest growing company, but had to drop their share price since Hillary want to drop Drug price.
She keep repeating since last year, but it will not really damage drug price. It will actually damage CVS or insurance companies. GILD rebate a lot of money to CVS and insurance companies.
Plus, Chart is very attractive and...
My first analysis.. !!
Janet Yellen and other FOMC members claims last friday that United states is ready to increase rate. Many analysts belive that Yellen might increase rate on both September and December this year.
However, I do think we will only see one time rate hike... !!! because of President election.
President Obama had to face world economic crisis...