Archives by Month:

Archives by Year:

Canada ETFs In Focus As Inflation Surges, Retail Sales Fall

Canada ETFs In Focus As Inflation Surges, Retail Sales Fall

Economic Data Canada’s consumer prices increased 1.6% year over year in September compared with 1.4% in August but came in below economists’ expectations of 1.7% increase. Thus, despite still being low, the inflation figure is inching toward Bank of Canada’s 2% target. Prices were up in six of the eight major components of the index. […]
UK Q3 GDP Beats With 0.4% Q/Q – GBP Rises

UK Q3 GDP Beats With 0.4% Q/Q – GBP Rises

Some good news from the UK: the economy grew at a quarterly pace of 0.4% in the third quarter, beating expectations and the slow growth rate seen in the first half of the year. Year over year, the economy grew by 1.5%, also above forecasts. Will this cement the rate hike in next week’s all-important […]
Stocks To Trade: HUM, MTOR, MELI

Stocks To Trade: HUM, MTOR, MELI

Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Humana (HUM)   Long Meritor (MTOR) Short Jabil (JBL)  
WTI Crude Oil And Natural Gas Forecast – Wednesday, October 25

WTI Crude Oil And Natural Gas Forecast – Wednesday, October 25

WTI Crude Oil The WTI Crude Oil market initially fell during the trading session on Tuesday, reaching towards the 20 day exponential moving average. The market looks likely to try to break above the $53 level, and once we do, I believe it’s a buying opportunity. Once we clear $53, I think that the next […]
Sensex Crosses 33,000-Mark; SBI & ICICI Bank Top Gainers

Sensex Crosses 33,000-Mark; SBI & ICICI Bank Top Gainers

After opening the day on a strong note, the Indian share markets have continued the momentum and are presently trading off record highs following a mega recapitalization package for banks and a Rs 7 trillion infra booster ahead of October F&O expiry. Sectoral indices are trading mixed, with stocks in the PSU sector & banking sector leading the pack of gainers, […]
Gold Prices May Find Fresh Support As Risk Appetite Sours

Gold Prices May Find Fresh Support As Risk Appetite Sours

Gold prices faced renewed selling pressure as Fed rate hike speculation found fresh momentum. The US Dollar rose alongside front-end Treasury bond yields, sapping demand for non-interest-bearing and anti-fiat assets epitomized by the yellow metal. Interestingly, hawkish sentiment did not seem linked to better-than-expected US PMI data. That suggests the seesaw in Fed-sensitive assets over the past 48 hours […]
FTSE Intra Day Elliott Wave Analysis

FTSE Intra Day Elliott Wave Analysis

FTSE Elliott Wave view suggests that Primary wave ((4)) ended with the decline to 7199.5. Up from there, rally is unfolding as an impulse Elliott Wave structure where Minor wave 1 ended at 7327.5 and Minor wave 2 ended at 7289.75. Rally to 7494.34 ended Minor wave 3, and pullback to 7473.12 ended Minor wave 4. The […]
GBP/USD Bearish Momentum Reaches Key Support Line At 1.31

GBP/USD Bearish Momentum Reaches Key Support Line At 1.31

GBP/USD 4 hour The GBP/USD needs to break below the support (blue) trend line before a larger bearish breakout is triggered. A break above resistance (red) could indicate that a larger wave C (orange) can take place. 1 hour The GBP/USD could be in a wave 1-2 (brown) if price stays above the 100% Fibonacci […]
Gold-Backed Petro-Yuan Silliness: Reserve Currency Curse?

Gold-Backed Petro-Yuan Silliness: Reserve Currency Curse?

A massive amount of hype is spreading regarding China’s alleged ambitions to dethrone the dollar. The story this time involves China’s plan to price oil in yuan using a gold-backed futures contract. Even if that were true, the impact would be zero. Nonetheless, CNBC is now in on the hype. CNBC reports China has grand ambitions […]
Asian Shares, Oil Prices Head Higher

Asian Shares, Oil Prices Head Higher

Japan’s Nikkei 225 stock index was up 0.08 percent at 1:06 p.m. HK/SIN, heading towards the 17th consecutive day of gains, an unprecedented winning streak for the index that set the index at a 21-year high. The Nikkei’s rally was bolstered by Japanese Prime Minister Shinzo Abe’s electoral victory last Sunday and the understanding that […]