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Pound, Euro Tumble As Brexit-Deal Optimism Fades

Pound, Euro Tumble As Brexit-Deal Optimism Fades

With only weeks left before the hoped-for end of November deadline for the EU to approve a draft Brexit treaty, it appears Brexit talks are unraveling once again, after Theresa’s May’s hard-won concession to allow the entire UK to remain in the EU customs union should trade negotiations fall apart during the post-Brexit day transition […]
Week Ahead: A Look At The Biggest News Expected This Week

Week Ahead: A Look At The Biggest News Expected This Week

Last week was an important one for the market mostly because of the US mid-term elections and the Federal Reserve. This week, the market may be relatively calm, with no major central bank expected to release its interest rates decision. This article will look at the biggest news that traders will look at this week. […]
Goldman Sachs: 7 Lucrative Dividend Stocks Set To Outperform

Goldman Sachs: 7 Lucrative Dividend Stocks Set To Outperform

Even though stocks look shaky right now, we are still in a strong GDP growth environment. Here’s how to play that trend according to strategists at one of the world’s biggest investment firms. “During strong GDP growth environments, companies returning the most cash to shareholders typically outperform firms investing for future growth,” says Goldman Sachs. […]
Sterling’s Losses Lead Dollar Rally

Sterling’s Losses Lead Dollar Rally

    Overview: The US dollar is enjoying broad gains against most major and emerging market currencies. Sterling, dragged down by Brexit concerns, is leading the way. With today’s losses, sterling has shed nearly 3.7 cents over the last four sessions. The euro, for its part, is at a new 17-month low (~$1.1250). Market talks suggest that […]
Sensex Ends 345 Points Lower; Auto And Telecom Stocks Witness Selling

Sensex Ends 345 Points Lower; Auto And Telecom Stocks Witness Selling

Share markets in India witnessed most of the selling pressure during closing hours and ended their trading session on a negative note. Sectoral indices ended on a negative note with stocks in the auto sector and telecom sector witnessing most of the selling pressure. At the closing bell, the BSE Sensex stood lower by 345 points (down 1%) and the NSE Nifty closed down […]
USD/CAD Daily Analysis – Monday, Nov. 12

USD/CAD Daily Analysis – Monday, Nov. 12

USD/CAD stays in a bullish price channel on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. As long as the price is in the channel, the uptrend could be expected to continue and next target would be at 1.3300 area. Key support is at 1.3048, only a breakdown below this […]
SAP Acquires Survey Company Qualtrics For $8B In Cash

SAP Acquires Survey Company Qualtrics For $8B In Cash

SAP (SAP) and Qualtrics International announced they have entered into a definitive agreement under which SAP intends to acquire Qualtrics, provider of experience management software. Qualtrics’ XM Platform collects feedback and data across the four vital areas of a business – customers, employees, product, and brand. Under the terms of the agreement, SAP will acquire […]
WTI Crude Oil And Natural Gas Forecast – Monday, Nov. 12

WTI Crude Oil And Natural Gas Forecast – Monday, Nov. 12

WTI Crude Oil The WTI Crude Oil market fell again on Friday, breaking below the $60 level at one point. However, towards the end of the day buyers came in and picked it back up, or perhaps it was short covering going into the weekend? I suspect it’s the latter of the two, but it […]
Celebrating The End Of The 2018 Midterm Election In The S&P 500

Celebrating The End Of The 2018 Midterm Election In The S&P 500

The big news last week, aside from the U.S. midterm elections, which apparently are still going on in some places, was the stock market’s response to the return of political gridlock on Capitol Hill, where stock prices rallied strongly enough on the day after the election that they completed the fourth Lévy flight event of 2018, […]
EUR/USD Tackling Downtrend Support After The Collapse – 3 Reasons

EUR/USD Tackling Downtrend Support After The Collapse – 3 Reasons

The EUR/USD collapsed below the 1.1300 double-bottom to a 17-month low. The Fed, Italy, and Brexit are behind the downfall. The technical picture is bearish as the pair is not in oversold territory. The EUR/USD is finally out of the range, and with a bang. The world’s most popular currency pair broke below the double bottom at 1.1300 […]