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Sensex Today Rallies 1,293 Points; Nifty Tops 24,800 Mark

Sensex Today Rallies 1,293 Points; Nifty Tops 24,800 Mark

After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended on a firm footing.The equity market bulls were back on Dalal Street. The S&P BSE Sensex soared more than 1,000 points, while the Nifty 50 index rallied over 350 points.At the closing bell, the BSE Sensex stood […]
Student Loans Are The ‘fudge Factor’ That Allows Institutional Profiteering

Student Loans Are The ‘fudge Factor’ That Allows Institutional Profiteering

Imagine an American college or university president making the following public statement:“I regret that my institution, along with many others, has contributed to burdensome federal student loan debt and to rising college tuition levels, allowing our institutions to profit from the existence of student loan monies. At the same time, we have failed to offer […]
The Energy Report: Hammer Time

The Energy Report: Hammer Time

If I had a hammer, I’d hammer in the morning. I’d Hammer in the evening and after oil got hammered it might be time to buy.Oil prices got caught up in the tech wreck ignoring extremely bullish data. Yet as oil saw some stability in stocks, they put in a classic hammer candlestick formation that […]
Chart Of The Day: BGC Group – Profits In Financial Services

Chart Of The Day: BGC Group – Profits In Financial Services

Image Source: Pexels  The Chart of the Day belongs to the financial services company BGC Group (BGC). I found the stock by using Barchart’s powerful screening functions to find stocks with the highest technical buy signals, highest Weighted Alpha, superior current momentum, and having a Trend Seeker buy signal then used the Flipchart feature to review the charts […]
USD/CAD Outlook: Posts 3-Month Top Following 2nd BoC Rate Cut

USD/CAD Outlook: Posts 3-Month Top Following 2nd BoC Rate Cut

The USD/CAD outlook shows strong bullish sentiment as the Canadian dollar wallows near a 3-month low after a second Bank of Canada rate cut. Moreover, the central bank signaled further easing if inflation continues cooling.On Wednesday, the Bank of Canada lowered borrowing costs by 25 basis points to 4.5%. This was the second rate cut […]
EUR/JPY Price Analysis: Risk Of Recovery After Deep Sell-Off

EUR/JPY Price Analysis: Risk Of Recovery After Deep Sell-Off

EUR/JPY is at risk of recovering after the steep sell-off of the last two weeks has stalled. The EUR/JPY pair reached a low of 164.83 on Thursday – well below its July 11 peak of 175.43. Since then it has been edging higher as the pair recovers from oversold extremes.  EUR/JPY Daily Chart  The pair formed […]
AUD/USD Remains Steady Near 0.6550 After Mix US PCE Inflation Report

AUD/USD Remains Steady Near 0.6550 After Mix US PCE Inflation Report

The AUD/USD pair remains steady above the immediate support of 0.6520 in Friday’s New York session after the release of the mixed United States (US) Personal Consumption Expenditure Inflation (PCE) report for June.The Bureau of Economic Analysis (BEA) reported that annual headline PCE inflation decelerated expectedly to 2.5% from May’s reading of 2.6%. In the same period, the core […]
Asia Week Ahead: Central Bank Meetings And Critical Inflation Data

Asia Week Ahead: Central Bank Meetings And Critical Inflation Data

Image Source: Unsplash  It’s set to be a big week ahead for the Asia Pacific region. The Bank of Japan gets ready to normalize policy further against the backdrop of a stronger JPY, and it’s make or break time for the Reserve Bank of Australia as June inflation data determines what its 6 August meeting brings.  Japan: Labor report and […]
Crypto participants expect Bitcoin to exceed $100,000 this cycle

Crypto participants expect Bitcoin to exceed $100,000 this cycle

Key Takeaways 43.7% of crypto participants expect Bitcoin to exceed $100,000 this cycle. Expectations for Ethereum and Solana prices are more varied among survey respondents. A recent survey from data aggregator CoinGecko revealed that 43.7% of the respondents expect Bitcoin to exceed $100,000 this cycle. The next most popular prediction was the $91,000 to $100,000 […]
USD/CAD Price Analysis: Reaches Critical Point At Ceiling Of Three-Month Range

USD/CAD Price Analysis: Reaches Critical Point At Ceiling Of Three-Month Range

USD/CAD has risen to the top of the range it has been trading in since the middle of April. It is at a critical point – a decisive breakout higher would signal a new uptrend; a reversal, however, might signal the continuation of the sideways trend it has been in for the last over three months. […]