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Dollar Chops In Narrow Ranges

Dollar Chops In Narrow Ranges

Eurostat confirmed that EMU industrial output fell for a second consecutive month in July. The 0.8% decline was larger than expected and is the third decline of such a magnitude in four months and weighed on the euro. German and Spanish industrial output had surprised on the downside last week, and Italy matched suit today with […]
Sensex Ends 305 Points Higher; FMCG & Metal Stocks Witness Buying

Sensex Ends 305 Points Higher; FMCG & Metal Stocks Witness Buying

After opening their day on a positive note, Indian share markets gave up some of their earlier gains and ended their session marginally higher. Gains were largely seen in the FMCG sector and metal sector, while realty stocks and banking stocks ended the day lower. At the closing bell, the BSE Sensex stood higher by 305 points (up 0.8%) and the NSE Nifty closed higher by 82 points […]
Asian Stocks Suffer Longest Selloff In 16 Years; US, Europe Mixed

Asian Stocks Suffer Longest Selloff In 16 Years; US, Europe Mixed

Summary: Asian stocks slumped for the 10th consecutive day, the longest losing streak since 2002. European and US stocks reversed Asian losses, trading modestly in the green Oil extended previous sessions gains post API’s as Hurricane Florence approaches the Carolinas CAD extends overnight gains NAFTA nears a perfect storm on dairy access Dark clouds clearing for […]
Goldman Downgrades Micron To Neutral On Weaker NAND, DRAM Fundamentals

Goldman Downgrades Micron To Neutral On Weaker NAND, DRAM Fundamentals

Goldman Sachs analyst Mark Delaney downgraded Micron Technology (MU) to Neutral from Buy and lowered his price target for the shares to $50 from $68. The stock closed yesterday down 3%, or $1.10, to $42.50. The analyst, who is not making a call on the upcoming fiscal Q4 results on September 20, sees weaker fundamentals […]
WTI Crude Oil And Natural Gas Forecast – Wednesday, Sept. 12

WTI Crude Oil And Natural Gas Forecast – Wednesday, Sept. 12

WTI Crude Oil The WTI Crude Oil market blew the top off of the shooting star from the previous session on Tuesday, showing that the buyers are very much still in control of this market. Don’t get me wrong, I recognize that there is a massive amount of resistance above, but quite frankly at this […]
EUR/USD: The Sideways Trend Continues

EUR/USD: The Sideways Trend Continues

Previous: On Tuesday the 11th of September, trading on the euro closed slightly up against the dollar. The pair initially rose to 1.1644 before dropping to 1.1565. As I see it, these fluctuations were more the result of technical factors than fundamentals. I reckon that market participants are looking to gain a foothold somewhere ahead of […]
Renting Preferred Over Buying: Industrial ETFs In Focus

Renting Preferred Over Buying: Industrial ETFs In Focus

Recent times have seen a shift in U.S. housing market sentiments as renting is being preferred over buying. As per research conducted by Florida Atlantic University and Florida International University faculty, in 16 out of 23 major metropolitan cities, renting has outperformed ownership. These cities include Atlanta, Dallas, Denver, Houston, Los Angeles, Miami, San Francisco, and Seattle. […]
Nucor Knows And Does Every Phase Of Steelmaking

Nucor Knows And Does Every Phase Of Steelmaking

The materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a large-cap steel firm named Nucor Corporation. It’s trading ticker symbol is NUE. This is my first […]
Visualizing Trends In Major U.S. Household Expenditures

Visualizing Trends In Major U.S. Household Expenditures

How much, and on what, does the average American household spend each year? And how has that changed over time? The Consumer Expenditure Survey (CEX) for 2017 has been released, which provides the answers to these questions for each year from 1984 through 2017! Produced as a joint product of the U.S. Bureau of Labor Statistics and […]
USD/CAD Weekly Analysis – Wednesday, Sept. 12

USD/CAD Weekly Analysis – Wednesday, Sept. 12

USD/CAD dropped sharply to as low as 1.3041. However, as long as 1.3000 support holds, the fall from 1.3226 could be treated as consolidation for the uptrend from 1.2887 and another rise towards 1.3350 is still possible after the consolidation.