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Sensex Up Over 190 Points; Oil & Gas Stocks Witness Buying

Sensex Up Over 190 Points; Oil & Gas Stocks Witness Buying

After opening the day firm, stock markets in India continued their momentum. Sectoral indices are trading on a positive note with stocks in the capital goods sector and oil & gas sector witnessing maximum buying interest. The BSE Sensex is trading up 184 points (up 0.6%) and the NSE Nifty is trading up 57 points (up 0.6%). The BSE Mid Cap index is trading up by 0.9%, […]
Central Banks Dominate As USD Continues To Slide Lower

Central Banks Dominate As USD Continues To Slide Lower

Last week, the Bank of Canada once again raised its benchmark interest rate, with the BOC stating it sees the economy’s powerful performance pointing to broader, more self-sustaining growth. The central bank hiked rates by one-quarter point to 1%, its second 0.25-basis-point increase in as many months. After the Bank of Canada raised rates, the […]
S&P-500 – Monday, September 11

S&P-500 – Monday, September 11

This price channel cannot be sustained long. Source: INVESTING.com
High Yield Caution

High Yield Caution

Friday iShares iBoxx $ High Yield Corporate Bond ETF (HYG) made a noticeable decline and after testing the August 2 high on September 1 it then turned lower. As one of our Foremost Indicators, the failure to continue higher at the previous high deserves some attention. There is more below including a put spread idea, but first […]
WTI Crude Oil And Natural Gas Forecast – Monday, Sept. 11

WTI Crude Oil And Natural Gas Forecast – Monday, Sept. 11

WTI Crude Oil The WTI Crude Oil market fell significantly on Friday, breaking down below the bottom of a hammer. That hammer is now a “hanging man”, showing signs of real weakness. Ultimately, there is a lot of concerns when it comes to demand destruction after the hurricanes, and of course refineries being quiet. The […]
The Future Of The Global Economy

The Future Of The Global Economy

If you establish a democracy, you must in due time reap the fruits of a democracy. You will in due season have great impatience of public burdens, combined in due season with great increase of public expenditure. You will in due season have wars entered into from passion and not from reason… – Benjamin Disraeli, […]
Forex Weekly Outlook September 11-15

Forex Weekly Outlook September 11-15

The US dollar plunged against its counterparts last week following increased Hurricane damage and North Korea missile threat. These uncertainties weighed on economic activities and plunged new job creation. The labor market added fewer jobs, 156,000, in August than expected, below the 180,000 jobs projected by economists and 189,000 recorded in July. Also, while the […]
EUR/USD: Price Sitting On The Balance Line

EUR/USD: Price Sitting On The Balance Line

Previous: On Friday the 8th of September, trading on the euro/dollar pair closed down. After hitting a new high of 1.2092 in Asia, buyers started cashing in on their long positions during the European session. The rate first fell to 1.2036 (-56 pips). During the second wave of euro selling, it fell against the dollar to […]
Spaghetti Charts And The S&P 500’s Future In Week 1 Of September 2017

Spaghetti Charts And The S&P 500’s Future In Week 1 Of September 2017

After the last two weeks of seeing so many spaghetti models that forecast the potential trajectory of hurricanes in the news, we can’t help but note that the forecasting charts that we show each week really represent a similar concept being applied to the future path of the S&P 500. Only for us, the difference between the […]
Weekly Gold Forecast – Monday, Sept. 11

Weekly Gold Forecast – Monday, Sept. 11

Gold prices settled at $1346.48 an ounce on Friday, rising nearly 1% over the course of the week, as safe-haven demand continued to lure investors into the market. The latest data from the Commodity Futures Trading Commission (CFTC) revealed that speculative traders on the Chicago Mercantile Exchange increased their net-long positions in gold to 245298 […]