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AUD/USD Weekly Analysis – Thursday, Nov. 1

AUD/USD Weekly Analysis – Thursday, Nov. 1

AUD/USD extended its upside movement from 0.7020 to as high as 0.7133. Further rally is still possible and next target would be at 0.7159 resistance. Support is located at the rising trend line on the 4-hour chart, only a clear break below the trend line support could signal completion of the uptrend.
Sensex Trades Lower; Infosys & Wipro Top Losers

Sensex Trades Lower; Infosys & Wipro Top Losers

Stock markets in India are witnessing selling pressure in the afternoon session. Among the sectoral indices, information technology and FMCG stocks are witnessing maximum selling pressure. While, capital goods and realty stocks are trading in green. The BSE Sensex is trading lower by 100 points (down 0.3%), and the NSE Nifty is trading lower by 30 points (down 0.3%). Meanwhile, the BSE Mid Cap index and the BSE Small Cap index are […]
Chinese Large Caps Ready For A Strong Bounce?

Chinese Large Caps Ready For A Strong Bounce?

COSCO The share price of COSCO has lost more than 40% of its value since the beginning of the year. The share price has been trading in a bearish trend making lower lows and lower highs for several months. Technically the bearish trend could soon end. Bears should use trailing stops to protect their gains. […]
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                        Market Briefing For Thursday, Nov. 1

E Market Briefing For Thursday, Nov. 1

Aggressive upside on the anticipated S&P move above a ‘declining-tops’ pattern, assisted by strength in the FANG stocks (and GM) as pension-fund re-balancing started to kick in; the seasonal flows are evident in some stocks; and some buybacks resuming since ‘blackout’ periods end, as we get through the majority of earnings reporting season.   Now it’s […]
Italy Update: Still A Concern For Investors

Italy Update: Still A Concern For Investors

The Italian drama continues, with the European bond markets demonstrating great resilience despite the risks presented by the Italian government’s proposed fiscal policy stance, which has been rejected by the European Commission (EC). Earlier, after receiving Italy’s draft budget, the EC had asked Italy to explain why the government decided not to comply with European […]
With Lower Earnings On Its Radar, Lufthansa Flies Into Heavy Headwinds

With Lower Earnings On Its Radar, Lufthansa Flies Into Heavy Headwinds

German airline group Deutsche Lufthansa (FRA:LHA) has recently suffered several blows to its financial performance, with certain headwinds unlikely to abate in the near-term. Lufthansa posted less-than-stellar earnings results for the first nine months of 2018. The firm generally blamed higher fuel costs, flight delays and cancellations, as well as merger-related integration expenses and losses […]
3 Leisure Stocks Set To Beat Estimates This Earnings Season

3 Leisure Stocks Set To Beat Estimates This Earnings Season

The leisure industry, which comprises companies providing recreational services such as swimming pools, golf courses, boats, outdoor spaces, cruises, travel etc., primarily thrives on overall economic growth and consumer spending. A steady rise in wages, lower unemployment and upbeat consumer confidence indicate that leisure stocks are poised to record handsome gains. This is because these […]
Weekly Update: The 3 Largest Cryptocurrencies

Weekly Update: The 3 Largest Cryptocurrencies

With so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional […]
October 2018 Chicago Purchasing Managers Barometer Eases With Softer New Orders, Backlog

October 2018 Chicago Purchasing Managers Barometer Eases With Softer New Orders, Backlog

The Chicago Business Barometer again declined but remains firmly in positive territory. Analyst Opinion of Chicago PMI The results of this survey continue to correlate to district Federal Reserve manufacturing surveys (which have been weakening) – and generally aligns with the overall trend of the ISM manufacturing survey. Expectations this month from Econoday were 59.0 […]
AUD/USD Rebound Unravels Ahead Of RBA As CPI Report Fails To Impress

AUD/USD Rebound Unravels Ahead Of RBA As CPI Report Fails To Impress

AUSTRALIAN DOLLAR TALKING POINTS AUD/USD quickly pares the advance from the 2018-low (0.7021) as updates to Australia’s Consumer Price Index (CPI) does little to alter the monetary policy outlook, and the exchange rate remains vulnerable going into the next Reserve Bank of Australia (RBA) meeting on November 5 as the central bank looks poised to carry the record-low […]