Archives by Month:
- January 2025
- December 2024
- November 2024
- October 2024
- September 2024
- August 2024
- July 2024
- June 2024
- May 2024
- April 2024
- March 2024
- January 2024
- December 2023
- November 2023
- October 2023
- August 2023
- July 2023
- June 2023
- May 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- November 2020
- October 2020
- September 2020
- August 2020
- July 2020
- June 2020
- May 2020
- April 2020
- March 2020
- February 2020
- January 2020
- December 2019
- December 2018
- November 2018
- October 2018
- September 2018
- August 2018
- July 2018
- June 2018
- May 2018
- April 2018
- March 2018
- February 2018
- January 2018
- December 2017
- November 2017
- October 2017
- September 2017
- August 2017
- July 2017
- June 2017
- May 2017
- April 2017
- March 2017
- February 2017
- January 2017
- December 2016
- November 2016
- October 2016
- September 2016
- July 2016
- June 2016
- April 2016
- March 2016
- February 2016
- January 2016
- December 2015
- November 2015
- October 2015
- September 2015
- August 2015
- July 2015
- June 2015
- May 2015
- April 2015
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- July 2014
- June 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009
- June 2009
- April 2009
- February 2009
- December 2008
- November 2008
- October 2008
- August 2008
- June 2008
- May 2008
Archives by Year:
Powell To Stay On Rate Hike Path Firmly
If Powell were to signal another two rate hikes towards the end of year, short EUR/USD? Jackson Hole symposium in Wyoming on Friday will firmly place Federal Reserve chair Jay Powell in the spotlight for investors as he faced the president voicing criticism of interest rate policy. However, we think Powell is likely to remain […]
USDCAD Daily Analysis – August 24, 2018
USDCAD broke above 1.3057 resistance, suggesting that the downside move from 1.3174 had completed at 1.2986 already. Further rally would likely be seen in a couple of days and next target would be at 1.3170 area. Support is at 1.3035, only a breakdown below this level could bring the price back towards 1.2961 previous low.
Indian Indices Trade Marginally Lower; Bank Stocks Witness Selling
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the banking sector and healthcare sector witnessing maximum selling pressure. The BSE Sensex is trading down by 121 points (down 0.3%), while the NSE Nifty is trading down by 33 points (down 0.3%). The BSE Mid Cap index is trading down by 0.5%, while the BSE Small […]
EURUSD: Prices Trying To Find A Foothold
Previous: On Thursday the 23rd of August, trading on the euro close down. After an upwards correction to 1.1591, the euro slid to 1.1530. This drop was facilitated by a statement from the Kansas City Fed Chief Esther George that the central bank needs to continue raising interest rates this year and perhaps into next year. […]
Platinum At 10-Year Lows
Platinum prices have really dropped hard reaching 10-year lows as the collapse of Turkey’s lira did in fact rippled through emerging market currencies which resulted in the decline of the currency of top producer South Africa. This has indeed underscored the persistent oversupply of the autocatalyst metal. Auto production has been declining for the most part […]
Australia PM Turnbull Ousted, To Be Replaced With Morrison; Aussie Dollar Spikes
One day after Australia slumped into a leadership crisis, when prime minister Malcolm Turnbull found that his support has collapsed, moments ago Liberal party lawmakers voted to oust Malcolm Turnbull, deepening political instability that’s seen six changes of prime minister in little more than a decade, Sky News reported. Turnbull will be replaced with Treasurer […]
S&P 500 And Nasdaq 100 Forecast – Friday, August 24
S&P 500 The S&P 500 has gone back and forth during the session on Thursday, as the market continues to struggle with the highs. That’s not a huge surprise, and we did form a massive shooting star on Wednesday that will have a lot of people concerned. I think there is support at 2850, but […]
GBP/USD Remains Pressured On The Edge
The GBP/USD fell on US Dollar strength but stabilized as the greenback took a breather. What’s next? The Technical Confluences Indicator shows that the pair has significant support at 1.2830 which is a dense cluster of potent technical levels including the Simple Moving Average 10-15m, last week’s high, the SM 5-4h, the SMA 5-15m, and the Fibonacci 23.6% one-day. […]
Stocks Outlook – Friday, August 24
Thoughts The stock market’s seasonality is bearish in September. A short term bearish factor. Fears of a Trump impeachment are short term worries for the stock market. Medium-long term traders can ignore it. Truck Tonnage is trending higher. A medium-long term bullish sign for the stock market. Initial Claims are still trending lower. A medium-long […]
Gold Slips As Dollar Rebounds
Gold prices fell $10.82 an ounce on Thursday, weighed down by a stronger dollar. The greenback was boosted by the FOMC minutes which said the Federal Reserve will likely hike interest rates next month. Investors are awaiting Fed Chairman Jerome Powell’s speech at an annual gathering of central bankers in Jackson Hole. From a chart […]
