Stellar Lumens, EOS, Tron, Litecoin, IOTA Technical Analysis
Even as bears fatten, there is some good news for Stellar Lumens holders. It is…

Stellar Lumens, EOS, Tron, Litecoin, IOTA Technical Analysis

Kevin Lopez Cryptocurrencies
Even as bears fatten, there is some good news for Stellar Lumens holders. It is now the fifth largest coin by market capitalization and the most stable coin in the last week shedding 13 percent.
August 15, 2018

US Dollar Muscles Higher

Kevin Lopez Major Currencies
The US dollar put in an impressive performance Tuesday even as the Turkish lira rebounded. The Canadian dollar was the top performer while the euro la
August 15, 2018

Playboy Sues Canadian Blockchain Firm for

Kevin Lopez Cryptocurrencies
Playboy Enterprises is suing Canadian company Global Blockchain Technologies, claiming that it failed to integrate the Vice Industry Token on Playboy’s sites. Beverly Hills-based Playboy Enterprises is suing Canadian firm Global Blockchain Technologies (GBT), claiming that it failed to integrate blockchain technology into Playboy’s online media channels, the Los Angeles Times reported August 14. Playboy Enterprises reportedly filed a lawsuit in Los Angeles County Superior Court, accusing the Canadian company of fraud and breaching a contract, which the two companies drew in March. Per the terms of the agreement, GBT would integrate the Vice Industry Token ( VIT ) on Playboy’s media sites. Playboy said that the blockchain firm not only failed to fulfill the requirements, but also omitted a payment of $4 million it promised in the agreement. Now, Playboy is seeking compensation, the amount of which has not been disclosed. GBT dismissed the lawsuit as a “normal dispute” between two businesses, saying that the charge of fraud is “frivolous.” The company told the Los Angeles Times: “Global believes it has a strong defense to the action and will be vigorously defending same.” In March, Playboy first announced its plans to develop an online wallet that would enable customers to use crypto to pay for the company’s online media and support the Vice Industry Token. Later in May, GBT announced it was working on the Playboy wallet, including an interface to various platforms. VIT raised $22 million in Ethereum in the first 24 hours of its Initial Coin Offering ( ICO ). The blockchain-powered platform for the adult industry rewards viewers on sites with VIT for watching content. The adult entertainment industry has been gradually adopting digital currencies. In April, streaming site Pornhub partnered with cryptocurrency Verge (XVG) to accept the coin as a payment option for Pornhub purchases. Pornhub Vice President Corey Price said in a press release: “History has proven that the adult entertainment industry plays a critical role in adoption for innovative technology. We saw that with VHS, Beta Max, credit card payment icons and, most recently, VR goggles. We expect to see widespread adoption of crypto and blockchain in short order."
August 15, 2018

Risk Trends Via Emerging Markets and Equities Stabilize, Dollar Holds Steady

Kevin Lopez Major Currencies
The selling pressure on emerging market currencies let up this past session, but risk trends didn’t take the cue to mount a genuine recovery. And, a EURUSD driven by this development seemed aloof to the correction.
August 15, 2018

TriMetals Mining Inc. files Second Quarter 2018 Financial Statements, MD&A and Arbitration Update

Kevin Lopez Commodities
VANCOUVER, British Columbia, Aug. 14, 2018 (GLOBE NEWSWIRE) -- TriMetals Mining Inc. (TSX: TMI , OTCQX: TMIAF ), (the "Company"), reports the release of its condensed interim consolidated financial statements for the three and six months ended June 30, 2018 and the related management's discussion and analysis of financial position and results of operations ("MD&A"). In this press release, all amounts are expressed in U.S. dollars, unless otherwise indicated. As at June 30, 2018, the Company had cash of $0.32 million. During the six months ended June 30, 2018, the Company reported net earnings of $2.32 million ($0.01 per share) compared with net earnings of $0.40 million ($0.00 per share) for the six months ended June 30, 2017. During the three months ended June 30, 2018, the Company reported net earnings of $1.30 million ($0.01 per share) compared with net loss of $1.51 million ($0.01 per share) for the three months ended June 30, 2017. During the six months ended June 30, 2018, the TSX closing price of the Class B shares (a liability in the financial statements) decreased by Cdn. $0.025 (2017 – decreased by Cdn. $0.025) per Class B share, combined with a favourable movement in the USD:CAD exchange rate for the same period ended June 30, 2018, resulted in a non-cash gain of $3.17 million (2017 –$1.52 million), which was the primary factor impacting net earnings. The Company continued to reduce its level of operations from previous years and manage its costs structure which resulted in general and administrative expenses, excluding non-cash share-based payments, marginally decreasing from $0.77 million to $0.72 million during the six months ended June 30, 2018. Exploration spending during the six months ended June 30, 2108 decreased to $0.87 million from $1.26 million incurred in the first six months in 2017. The 2018 costs included $0.61 million incurred at Gold Springs and $0.26 million incurred at the Escalones property in Chile. The Company continues to seek a partner to help advance Escalones towards development. Subsequent to June 30, 2018 the Company gave notice to the convertible note holders, with a balance of $1.73 million, exercising the right to extend the maturity date from Jul 23, 2018 to July 23, 2020 Arbitration against the Government of Bolivia On July 12, 2018, the Arbitral Tribunal informed the Parties that it had completed the award, that it had been transmitted to the Permanent Court of Arbitration ("PCA"), that the award was being translated and that it expected to issue the award by no later than August 2018. On August 2, 2018, one of the arbitrators advised that he had seriously fallen ill and was unable to continue with the arbitration. On August 7, 2018, TMI's wholly owned subsidiary South American ... Full story available on Benzinga.com
August 15, 2018

Recent Analysis Shows Ellie Mae, Organovo, Calithera Biosciences, Whirlpool, Marathon Oil, and Infinera Market Influences — Renewed Outlook, Key Drivers of Growth

Kevin Lopez Commodities
NEW YORK, Aug. 14, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of Ellie Mae, Inc. (NYSE: ELLI ), Organovo Holdings, Inc. (NASDAQ: ONVO ), Calithera Biosciences, Inc. (NASDAQ: CALA ), Whirlpool Corporation (NYSE: WHR ), Marathon Oil Corporation (NYSE: MRO ), and Infinera Corporation (NASDAQ: INFN ), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research. Complimentary Access: Research Reports Full copies of recently published reports are available to readers at the links below. ELLI DOWNLOAD: http://Fundamental-Markets.com/register/?so=ELLI ONVO DOWNLOAD: http://Fundamental-Markets.com/register/?so=ONVO CALA DOWNLOAD: http://Fundamental-Markets.com/register/?so=CALA WHR DOWNLOAD: http://Fundamental-Markets.com/register/?so=WHR MRO DOWNLOAD: http://Fundamental-Markets.com/register/?so=MRO INFN DOWNLOAD: http://Fundamental-Markets.com/register/?so=INFN (You may have to copy and paste the link into your browser and hit the [ENTER] key) The new research reports from Fundamental Markets, available for free download at the links above, examine Ellie Mae, Inc. (NYSE: ELLI ), Organovo Holdings, Inc. (NASDAQ: ONVO ), Calithera Biosciences, Inc. (NASDAQ: CALA ), Whirlpool Corporation (NYSE: WHR ), Marathon Oil Corporation (NYSE: MRO ), and Infinera Corporation (NASDAQ: INFN ) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Several excerpts from the recently released reports are available to today's readers below. ----------------------------------------- Important Notice: the following excerpts are not designed to be standalone summaries and as such, important information may be missing from these samples. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. All information in this release was accessed August 10th, 2018. Percentage calculations are performed after rounding. All amounts in millions (MM), except per share amounts. ----------------------------------------- ELLIE MAE, INC. (ELLI) REPORT OVERVIEW Ellie Mae's Recent Financial Performance For the three months ended June 30th, 2018 vs June 30th, 2017, Ellie Mae reported revenue of $125.02MM vs $104.13MM (up 20.07%) and basic earnings per share $0.28 vs $0.55 (down 49.09%). For the twelve months ended December 31st, 2017 vs December 31st, 2016, Ellie Mae reported revenue of $417.04MM vs $360.29MM (up 15.75%) and basic earnings per share $1.55 vs $1.21 (up 28.10%). Ellie Mae is expected to report earnings on October 25th, 2018. The report will be for the fiscal period ending September 30th, 2018. The reported EPS for the same quarter last year was $0.37. The estimated EPS forecast for the next fiscal year is ... Full story available on Benzinga.com
August 15, 2018

Carrizo Oil & Gas Prices Public Offering of Common Stock

Kevin Lopez Commodities
Carrizo Oil & Gas, Inc. (NASDAQ: CRZO ) today announced that it has priced an underwritten public offering of 9,500,000 shares of its common stock at a price to the public of $23.00 per share. The total gross proceeds of the offering (before underwriters' discounts and commissions and estimated offering expenses) will be approximately $218.5 million. Carrizo intends to use the net proceeds from the offering to fund the purchase price for the pending acquisition of assets from Devon Energy Production Company, L.P., as described in Carrizo's Current Report on Form 8-K filed with the Securities and Exchange Commission on August 14, 2018, that is due at closing, and for general corporate purposes, including funding future potential acquisitions or a portion of its 2018 capital expenditure plan. Pending such uses, Carrizo intends to use the net proceeds from the offering to reduce borrowings under its revolving credit facility. If the pending acquisition is not consummated, Carrizo intends to use net proceeds from the offering for general corporate purposes, including funding future potential acquisitions or a portion of its 2018 capital expenditure plan. In connection with the offering, Citigroup and Goldman Sachs & Co. LLC are serving as the joint book-running managers. The ... Full story available on Benzinga.com
August 15, 2018

USD/JPY Review: bulls looking to maintain 111.00

Kevin Lopez Major Currencies
The Dollar-Yen pairing sees bids going to the US Dollar ahead of Wednesday's data measures. Safe havens remain a popular choice for market participants as trade angst and Turkey worries rule headlines. The USD/JPY is trading into 111.30 in early Wednesday action as the US Dollar pushes upwards against the safe-haven Yen as broader markets continue to let go of last week's risk-off plunge on Turkish contagion fears. The Greenback has been grinding higher against the JPY in the early week with little economic data for both the US and Japanese economies, but Wednesday will be seeing m/m US Retail Sales (excluding autos) for July at 12:30 GMT which are forecast to tick down slightly to 0.3% from the previous reading of 0.4%. On the Yen side, late Wednesday will be seeing Japan's Trade Balance figures at 23:50 GMT, and Japan is expected to see a sharp contraction in the Merchandise Trade Balance for July (forecast ¥-50.0 billion, last ¥720.0 billion) as Japanese markets brace for a rapid expansion of Imports, forecast to jump from 2.6% to 14.4%. The US Dollar is seeing some pickup against the Yen in market tensions that are by and large a result of the US administration's hostile trade policies, with a still-brewing US-China trade war on the cards as well as a rapid escalation of tariffs against Turkey, Canada, and most of the US' other major trading partners. Despite the boost the Greenback is seeing, the USD/JPY still remains off of July's highs, and the major pair is seeing a minor hesitation in the overall bullish trend. USD/JPY Technical Analysis As the USD continues to claw back medium-term losses against the JPY, Turkish contagion concerns and the US-China trade faceoff are remaining close to the surface, keeping broader markets prone to rapid flights into safe havens. Technical indicators for the USD/JPY are beginning to push into overbought territory, warning of the potential for a pullback occurring somewhere above the 111.00 handle. USD/JPY Chart, 1-Hour Spot rate: 111.33 Relative change: 0.10% High: 111.37 Low: 111.10 Trend: Bullish Support 1: 111.00 (major technical level) Support 2: 110.58 (previous day low) Support 3: 110.10 (current week low) Resistance 1: 111.37 (61.8% Fibo retracement level; current day high) Resistance 2: 112.14 (two-week high) Resistance 3: 112.44 (R3 weekly pivot)
August 15, 2018

Oil prices fall on rising U.S. crude inventories, darkening economic outlook

Kevin Lopez Commodities
Oil prices fell on Wednesday, pulled down by a report of increased U.S. crude inventories and as a darkening economic outlook stoked expectations of lower fuel demand.
August 15, 2018

Paul Craig Roberts: Patriotism Has Been Turned Against The Patriots

Kevin Lopez Commodities
To understand how screwed-up America is, consider that patriotism is now associated with the suppression of dissent. Paul Craig Roberts explains… by Paul Craig Roberts via PaulCraigRoberts.org Patriotism Has Been […] The post Paul Craig Roberts: Patriotism Has Been Turned Against The Patriots appeared first on Silver Doctors .
August 15, 2018

Malaysian palm oil/Vegoils: Market factors to watch Wednesday Aug 15

Kevin Lopez Commodities
KUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Wednesday Aug 15.