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Indian Indices End Marginally Higher

Indian Indices End Marginally Higher

After opening their day on a flat note, Indian share markets witnessed choppy trades and ended their session marginally higher. Gains were largely seen in the realty sector and power sector, while losses were largely seen in the IT sector and auto sector. At the closing bell, the BSE Sensex stood higher by 90 points (up 0.3%) and the NSE Nifty closed higher by 20 points (up […]
Dollar Recovers From Further Selling As Turnaround Tuesday Unfolds

Dollar Recovers From Further Selling As Turnaround Tuesday Unfolds

After the retreating in the North American session yesterday, despite a rebound in retail sales after three-months of declines, the greenback has been sold further in Europe and Asia. The euro edged through last week’s high near $1.24, and sterling rose through the January high to reach its best level since the mid-2016 referendum. Sterling […]
China Cuts RRR By 1% To Release Liquidity

China Cuts RRR By 1% To Release Liquidity

It’s only logical that one day after Trump accused China (and Russia) of playing the “currency devaluation game” in a time of rising Fed rates, that Beijing would respond by doing precisely what it was accused of, and moments ago the PBOC announced that effective April 25, China’s central bank will cut the reserve requirement ratio […]
Treasury Yield Curve Flattens As Retail Spending Rebounds

Treasury Yield Curve Flattens As Retail Spending Rebounds

The difference between the 10-year and 2-year Treasury rates narrowed to 47 basis points on Monday (April 16) – the smallest gap since late-2007. The last time this widely followed spread was this close to zero the US economy was close to a recession. Is this indicator flashing a similar warning today? No, according to […]
BTC/USD And BTC/JPY Forecast – Tuesday, April 17

BTC/USD And BTC/JPY Forecast – Tuesday, April 17

Bitcoin fell again on Monday, as we are starting to see a bit of a pattern, the weekend which features mainly retail traders, will gain. However, once the institutional traders come back in, you see a lot of selling. BTC/USD Bitcoin fell on Monday against the US dollar, reaching back towards the $8000 level. I […]
ES Futures – Tuesday, April 17

ES Futures – Tuesday, April 17

Short-term bears have the upper-hand on ES futures, as long as the market remains below the downtrend line on the daily. The line is the obvious bullish target and location of stops. Source: investing.com 
EURUSD: Bulls Preparing To Test 1.24

EURUSD: Bulls Preparing To Test 1.24

Previous: On Monday the 16th of April, trading on the euro closed up. The euro started rallying as trading got underway in Europe. The main reason for this was the universal decline of the US dollar, brought about by America’s military action in Syria. Despite this, markets opened relatively peacefully. One thing I don’t understand is […]
EUR/USD Cannot Really Go Up – Creates A Double-Top Of Sorts

EUR/USD Cannot Really Go Up – Creates A Double-Top Of Sorts

The EUR/USD is back to the well-known trading range after a short-lived move to the upside.  The disappointing German ZEW figure casts another shadow over euro-zone growth. The technical picture is slightly bullish, but the range may remain the king. The EUR/USD is trading around $1.2380, balanced on the day. However, this does not tell the whole story. […]
Are Markets Priced For Perfection?

Are Markets Priced For Perfection?

While it’s no solace to equity investors at the moment, the fact that volatility has only been in stocks in the past two months is good news. As you can see from the chart below, the S&P 500’s volatility increased in early February, but the dollar, commodities, and extended duration treasuries had normal volatility. Stocks Alone In […]
AUDUSD Daily Analysis – Tuesday, April 17

AUDUSD Daily Analysis – Tuesday, April 17

AUDUSD remains in the uptrend from 0.7642, the fall from 0.7809 could be treated as consolidation for the uptrend. As long as 0.7738 support holds, the uptrend could be expected to resume and a breakout of 0.7809 resistance could trigger further upside movement towards 0.7850. However, a breakdown below 0.7738 support would indicate that the […]