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India Could Become World Leader By 2027

India Could Become World Leader By 2027

India, the world’s seventh largest economy today, will grow to be the world’s second-largest by 2050 according to PWC, outpacing the US economy by around 33% as the sleeping giant reaches financial maturity and modernizes its economy. This potential presents an enormous opportunity for investors. Bank of America published a report illustrating the opportunity last week, outlining […]
Biotech Hangover: Recent Earnings Feed Caution With No Near Term Catalysts

Biotech Hangover: Recent Earnings Feed Caution With No Near Term Catalysts

Biotech Hangover from Earnings Clouds Outlook Healthcare sector (XLV) lagging technology (QQQ) and FAANG stocks. No earnings catalysts until Jan 2018 but Q4 has seen strong seasonality. Technicals rule as sellers predominate. Bull market is intact. On October 16 we posted that Risks were Rising for the 2017 biotech rally primarily because technicals were weakening off the […]
BTC/USD Forex Signal – Tuesday, Nov. 14

BTC/USD Forex Signal – Tuesday, Nov. 14

Yesterday’s signals were not triggered, as there was no bearish price action when the price reached $6453.29. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered from 8am London time to 5pm New York time today. Long Trades Go long after a bullish price action reversal on the H1 time frame following the […]
Chinese Singles’ Day Eats Cyber Monday For Breakfast

Chinese Singles’ Day Eats Cyber Monday For Breakfast

As online retailers in the United States prepare for Cyber Monday, i.e. the biggest online shopping day of the year, China’s largest e-commerce company just recorded the biggest day in its history. As Statista’s Felix Richter notes, on November 11, Chinese Singles’ Day, online shoppers bought merchandise worth more than $25 billion across Alibaba’s platforms (mainly Tmall and Taobao), shattering last […]
Mideast Turmoil: Follow The Oil, Follow The Money

Mideast Turmoil: Follow The Oil, Follow The Money

In this scenario, time is running out for Saudi Arabia’s free-spending royalty and state– and for all the other free-spending oil exporters. While there are numerous dynamics at work in the turmoil roiling Saudi Arabia and by extension, the Mideast, one way to cut to the chase is to follow the oil, follow the money. Correspondent B.D. […]
On The Fly: Top Stock Stories From Monday, Nov. 13

On The Fly: Top Stock Stories From Monday, Nov. 13

Stocks opened lower as concerns continue on how tax reform plans will move forward in the Senate and House. The President believes a plan can be voted on by Thanksgiving, but that deadline is rapidly approaching with the two sides still apart in some of the key elements of their respective proposals. The averages saw […]
Gold Edges Up As Dollar Weakens

Gold Edges Up As Dollar Weakens

Gold prices ended Monday slightly higher after a quiet session. XAU/USD reached the $1280.30-$1279.60 area, the confluence of the Tenkan-sen (nine-period moving average, red line) and the Kijun-sen (twenty six-period moving average, green line) on the 4-hourly chart, but was unable to break through. Consequently, prices retreated to Ichimoku cloud in Asian trade. The short-term […]
Sensex Opens Marginally Higher; Bharti Infratel Plunges 2.3%

Sensex Opens Marginally Higher; Bharti Infratel Plunges 2.3%

Asian stock markets are lower in morning trade as shares in China fall. The Shanghai Composite is off 0.45% while the Hang Seng is down 0.1%. The Nikkei 225 is trading up by 0.27%. Overnight, the US markets closed slightly higher. Meanwhile, Indian share markets have opened the day marginally higher. BSE Sensex is trading higher by 61 points and NSE Nifty is trading higher by […]
Riksbank Stays Neutral. QE Extension Unlikely: Meeting Minutes

Riksbank Stays Neutral. QE Extension Unlikely: Meeting Minutes

  Riksbank meeting minutes from October released; Minutes show a cautious stand from the central bank as QE purchases likely to end in December 2017. Summary: Riksbank releases meeting minutes from the October 26 policy meeting Rate hike expectations still a far way off Riksbank could end QE as the current course of bond purchases […]
Gold Prices Look To Fate Of US Tax Cuts For Direction, Yellen To Speak

Gold Prices Look To Fate Of US Tax Cuts For Direction, Yellen To Speak

Gold prices struggled to find lasting direction, with prices marking time within a now-familiar consolidation range. Speculation about the expected path of Fed monetary policy in 2018 continues to be pivotal. That keeps the prospects for US tax reform – which markets expect will boost inflation and force the FOMC to tighten faster – squarely in the spotlight. An upcoming speech […]