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Cina Coren

Writer at Daily Forex
Contributor's Links: Daily Forex
Cina Coren is a former Wall Street broker and financial advisor. She holds a Master's degree in Communications and spent many years writing for international news outlets and journalistic publications. Today, Cina spends most of her time writing internet articles and blogs, and reading various ...more
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Nikkei 225 Daily Forecast - February 20, 2017
Monday, February 20, 2017 8:33 AM EDT
The Nikkei 225 fell initially on Friday but found enough support at the ¥19,000 region to turn around and form a hammer. This is a very bullish sign and I think that we are starting to make a “higher low.”
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Stocks Slip Ahead Of Yellen Speech
Friday, August 26, 2016 4:19 AM EDT
Wall Street ended slightly lower Thursday as investors await a much-anticipated speech by Federal Reserve Chairwoman Janet Yellen on Friday that may offer clues to the central bank’s next rate move.
In this article: DIA, SPX
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Asia Markets Slip Before Yellen Decision
Thursday, August 25, 2016 5:12 AM EDT
Asian stocks were mixed Thursday morning as traders pulled back, awaiting the next meeting of the FOMC and Fed Chair Janet Yellen’s decision on whether to set another rate hike in motion.
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The Good, The Bad And The Ugly On U.S. Student Debt
Wednesday, August 24, 2016 8:50 AM EDT
The average student debt in the United States has increased to about $29,000—a 60% jump from about $18,000 in 2007 and doubling the amount since 2009, according to the Department of Education.
In this article: TGT, TJX, WMT, ROST, WFC, AMZN
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Oil Prices Slip On Reports Out Of Iraq
Tuesday, August 23, 2016 5:32 AM EDT
Crude oil prices continued to fall in early Asian trade Tuesday, as optimism for a production freeze faded on reports that Iraq is preparing to ramp up exports and Nigeria could follow soon.
In this article: OIL
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Dollar Extends Gains Vs. Yen
Monday, August 22, 2016 4:07 AM EDT
The dollar continued to gain against the yen and euro on Monday on positive reports from U.S. Federal Reserve policymakers who expressed support for a near-term U.S. interest rate hike.
In this article: FXY, FXE, FXA, JYNFF, UUP
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Oil Surges On The Back Of OPEC Freeze Talk
Sunday, August 21, 2016 5:46 AM EDT
Oil, up nearly 9 percent last week alone, has raced higher since West Texas Intermediate crude futures dipped below $40 per barrel in early August.
In this article: BNO, DBO
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U.S. Dollar Backtracks After Release Of FOMC Minutes
Thursday, August 18, 2016 4:25 AM EDT
The U.S. dollar hit a seven-week low against a basket of major currencies on Thursday, following the release of the minutes from the Federal Reserve's July meeting.
In this article: FXY, FXE, UDN
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Global Central Banks Unload U.S. Debt At Unprecedented Pace
Wednesday, August 17, 2016 9:07 AM EDT
The U.S. is experiencing a drastic drop in debt due to a drastic sell-off by a host of foreign central banks. In the first six months of this year alone, global central banks have dumped a net $192 billion of U.S. Treasury bonds.
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IMF To Infuse Egypt With $12b Over The Next Three Years
Tuesday, August 16, 2016 6:14 AM EDT
It has already received tens of billions in aid including over $25 billion in cash injections from Gulf states, but that seems to be a drop in the Egyptian bucket. Now the IMF is stepping in with a tentative loan of $12 billion.
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Asia Markets Shrug Off Wall Street Highs, Yen Gains
Tuesday, August 16, 2016 5:17 AM EDT
Record breaking highs on Wall Street failed to boost sentiment in Asian trade on Tuesday, with most major regional markets slipping. The Nikkei 225 in Japan fell 0.25 percent, following fresh pressure from a relatively stronger yen.
In this article: FXY
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Northern Ireland Questions U.K.’s Right To Leave EU
Monday, August 15, 2016 10:22 AM EDT
Almost two months have passed since Brits went to the poll and voted to leave the European Union. The economic and political ramifications of the Brexit vote have yet to emerge and now a new kink in the process has now been introduced.
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OPEC Renews Hopes For And Output Freeze
Monday, August 15, 2016 3:55 AM EDT
When OPEC’s president told the group on August 8th that it will hold informal talks in Algiers next month, markets were encouraged to buy more oil. At the same time, Saudi Arabia showed its willingness to discuss taking action to stabilize markets.
In this article: OIL
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Asia Markets Take Cue From Wall Street
Sunday, August 14, 2016 7:51 AM EDT
Chinese mainland markets traded higher, with the Shanghai composite closing up 48.38 points, or 1.61 percent, at 3,051.02 and the Shenzhen composite rising by 22.74 points, or 1.16 percent, to 1,973.66.
In this article: PEK, GXC, BNO, DBO, FXA
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Wall Street Hits 17-Year Highs
Friday, August 12, 2016 4:30 AM EDT
All three main indexes closed at record highs on Thursday for the first time since Dec 31, 1999. The benchmark S&P 500 index rose 10.30 points, or 0.5%, to 2,185.79 beating its previous record high from last Friday.
In this article: QQQ, DIA, SPY
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RBZ Cuts Interest Rate 25bp To 2.00%
Thursday, August 11, 2016 10:05 AM EDT
New Zealand's central bank cut the official interest rate by 25 basis points to a record low of 2.00% and indicated further reductions are likely.
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