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Iraqi Dinar May Replace Dollar And Euro In Iran’s 2nd Largest Export Market

Iraqi Dinar May Replace Dollar And Euro In Iran’s 2nd Largest Export Market

Amidst continuing talks between Iran and Iraq over how to settle payments for Iraq’s natural gas imports from Iran in the face of Washington sanctions, Iranian officials are mulling over Iraq’s offer to pay in Iraqi Dinars instead of the dollar or Euro, according to Iranian state media. This follows the September announcement by Iran that it planned […]
Gold Edges Higher As Dollar Falls

Gold Edges Higher As Dollar Falls

Gold prices rose for a fifth consecutive session on Monday as the dollar extended losses. The greenback was weighed by weak housing data and growing notion that the Federal Reserve will raise rates two times next year instead of the three. Global stock markets were mostly lower yesterday. U.S. stocks tumbled as investors sold off […]
Black Friday Comes Early To The Cryptosphere

Black Friday Comes Early To The Cryptosphere

Black Friday is almost here – but cryptocurrency is on sale right now. What are the best deals for bargain hunters? I also look at Ripple (XRP) which has been outperforming Bitcoin (BTC) all week. What’s going on with the banker’s token? Crypto Carnage Or Bitcoin Bonanza? Forget Cyber Monday, and even Singles Day in […]
Home Builder Sentiment Punctuates The Slowdown In The Housing Market

Home Builder Sentiment Punctuates The Slowdown In The Housing Market

The plunge in sentiment delivered a timely exclamation point to all the other signs of a slowdown I have been observing and describing for much of this year. It stands well by itself without the additional context of the rest of November’s reports on housing data. In the April housing market review, I explained why I […]
Change In Net Working Capital Is Small, But Volatile

Change In Net Working Capital Is Small, But Volatile

Changes in net working capital are volatile because that change results from five separate forecasts. Net working capital is a small but volatile investment item. Large deviations from past trends usually are a mistake, so explain them carefully.
Gold Prices May Continue Higher As Yields Fall In Risk-Off Trade

Gold Prices May Continue Higher As Yields Fall In Risk-Off Trade

Gold prices rose as bond yields declined amid risk aversion, boosting the relative appeal of non-interest-bearing alternatives. Crude oil prices probed lower alongside equities but the move reversed course midday after IEA Executive Director Fatih Birol opined that spare production capacity in Saudi Arabia is “very thin”, implying relatively little scope for boosting supply. GOLD MAY RISE IN RISK-OFF […]
AUDUSD Daily Analysis – Tuesday, Nov. 20

AUDUSD Daily Analysis – Tuesday, Nov. 20

AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline is possible and next target would be at 0.7200 area. Near-term resistance is at 0.7310, only a break out of this level could trigger another rise towards 0.7400.
Sensex Opens In The Red; Yes Bank Down 5%

Sensex Opens In The Red; Yes Bank Down 5%

Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.9% while the Hang Seng is down 1.7%. The Shanghai Composite is trading down by 1.4%. US stocks dropped, and the Nasdaq fell 3% on Monday as investors dumped Apple, internet and other technology shares. Back home, India share markets have opened the day on a […]
Earnings And Holidays May Not Help Retail

Earnings And Holidays May Not Help Retail

In recent weeks, discount retail stores of the likes of TJX Companies (TJX), Burlington Stores (BURL), Kohl’s Corp. (KSS), and Target (TGT) have gotten crushed. Today alone, Target (TGT) fell 2.4%, BURL fell 3.2%, and TJX fell almost 5%. Earlier in the month, these retailers had reached or came close to 52-week highs only to […]
S&P 500 And Nasdaq 100 Forecast – Tuesday, Nov. 20

S&P 500 And Nasdaq 100 Forecast – Tuesday, Nov. 20

S&P 500 The S&P 500 has broken down rather significantly after initially trying to rally during the day on Monday, as the cartage continues. As traders contemplate the breakdown of American/Chinese trade relations and of course the negativity that we have seen over the weekend, it makes sense that we will continue to struggle to […]