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Indian Indices Trade Marginally Higher; Healthcare Stocks Witness Buying

Indian Indices Trade Marginally Higher; Healthcare Stocks Witness Buying

Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the capital goods sector and the healthcare sector witnessing maximum buying interest. The BSE Sensex is trading up by 53 points (up 0.1%), while the NSE Nifty is trading up by 4 points (up 0.04%). The BSE Mid Cap index is trading up by 0.1%, while the BSE […]
Bitcoin ETFs Rejected By SEC

Bitcoin ETFs Rejected By SEC

Bitcoin supporters were distressed on Wednesday when the Securities and Exchange Commission (SEC) declined approval for two bitcoin ETFs. The ETF proposals were filed by ProShares, a division of ProFunds Group that currently manages $29 billion of combined assets. As reported by Coindesk, the SEC also rejected bitcoin ETF proposals from Direxion and GraniteShares on […]
Loan Demand Suddenly Tumbles As Companies Revolt To Rising Rates

Loan Demand Suddenly Tumbles As Companies Revolt To Rising Rates

After a period of surprisingly strong growth following the near contraction in early 2017, commercial bank C&I lending tumbled during the period July 11th to August 8th by $15bn, or 0.68% – the biggest 4-week decline since March 2017 and before that the aftermath of the financial crisis. That period mostly follows the relevant time frame […]
WTI Crude Oil And Natural Gas Forecast – Thursday, August 23

WTI Crude Oil And Natural Gas Forecast – Thursday, August 23

WTI Crude Oil The WTI Crude Oil market broke to the upside during the trading session on Wednesday, as the inventory number came out much more bullish than anticipated. This negated the negative inventory number from the previous week, and at this point, the market is stopping at roughly $68. I think a pullback could […]
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                        Nvidia Abandons Its Crypto Venture, Argues Low Returns

E Nvidia Abandons Its Crypto Venture, Argues Low Returns

Nvidia, the world’s biggest graphics card and chip maker, in a statement, announced that it had officially ended its quest for cryptocurrency investing. The company linked its abrupt decision to decline in demand on various cryptocurrency products over the past few months. In the statement, Nvidia’s CFO Colette Kress said, “We believe we’ve reached a […]
Brady Safety Products Identify And Protect

Brady Safety Products Identify And Protect

This week I’m seeking a high-yield and growing stock from the industrials sector.  That sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between. Today I’m reviewing […]
New Blockchain ETF To Begin Trading In September On Canadian Exchange

New Blockchain ETF To Begin Trading In September On Canadian Exchange

We’ve been patiently waiting for the SEC to make a decision on the first-ever Bitcoin ETF. But for those who are passionate about the blockchain industry, and want to get indirect exposure, there is a new blockchain ETF that could be coming out next month. Oh, by ETF, I’m talking about an Exchange Traded Fund. […]
Gold Prices Edge Lower As Dollar Firms

Gold Prices Edge Lower As Dollar Firms

Gold prices edged down on Thursday, trading down 0.34% at $1191.21 an ounce, as the dollar strengthened after minutes from the latest Federal Reserve Open Market Committee meeting signaled Federal Reserve officials were likely to raise interest rates next month. “Many participants suggested that if incoming data continued to support their current economic outlook, it […]
Yet To Break The Bull Market Record

Yet To Break The Bull Market Record

I have been a bit lax in writing blog posts as client and investment responsibilities have taken precedence. On a day like today though, I feel compelled to type out a blog post recognizing today’s record breaking bull market, or is it? For those believing today is a record breaking one, March 9, 2009 was […]
EUR/USD Leans Lower Targeting 1.1490

EUR/USD Leans Lower Targeting 1.1490

The EUR/USD settled down after the hawkish FOMC meeting minutes and the new American tariffs on China. What’s next? The Technical Confluences Indicator shows that the most significant support line awaits the pair at 1.1490. This is the convergence of the Pivot Point one-day Support 3, the PP one-week Resistance 1, and the Simple Moving Average 100-one hour. Further down, […]