Category Archive: Finance
Morning Call For Wednesday, Sept. 5
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.27%) this morning are down -0.22% at a 1-week low and European stocks are down -0.62% at a 4-month low on concern about contagion from weakness in emerging markets. The Indonesian rupiah, Mexican peso, Turkish lira and South African rand all sold-off and raised concerns that their slumping […]
Twisting In The Wind
Tropical Storm Gordon helped oil get ahead of itself, and now oil is being weighed down by a strong dollar, in part inspired by emerging market concerns. Tropical Storm Gordon hit land just short of being a category 1 hurricane and brought heavy rain, but no reports of any major damage to refineries or production […]
NEO, GAS Surge On NEON Exchange (NEX) ICO
Among top gainers on Tuesday and in the past week, have been NEO, and its counterpart token on the NEO blockchain, GAS. NEO continued its gains by over 7% while GAS jumped 13% by the end of the trading day. The gains could be due to the NEON Exchange ICOwhich started on September 3rd. About […]
Learning Emotional Control From This Year’s Market Moves
Labor Day Weekend has ended, and the year is two-thirds over That means it’s a good time to assess what has happened and where we stand in the markets. It’s also a good time to remember what you might have been feeling earlier in the year when asset classes were behaving differently.Understanding your emotions is […]
Sensex Extends Losses; FMCG Stocks Top Losers
After opening the day flat, share markets in India witnessed negative trading activity throughout the day and ended well below the dotted line. Sectoral indices ended the day in red, with stocks in the FMCG sector and stocks in the consumer durables sector leading the losses. At the closing bell, the BSE Sensex stood lower by 139 points (down 0.4%) and the NSE Nifty closed […]
Cryptocurrencies Flash Crash; Bitcoin, Ethereum Plummet On No News
Just before 6am ET, cryptocurrencies suddenly flash crashed, tumbling on no news with some plunging as much as 12%, after a largely unchanged overnight session. Bitcoin, the world’s biggest digital asset, erased gains and fell more than 3% in about minutes, tumbling back under $7000 after trading in the mid-$7300 range earlier. Litecoin, Ethereum and […]
EUR/USD Under Pressure Double-bottom In Danger
The EUR/USD ended its recovery and began another European morning with a drop. Concerns about EM, Italy, and trade dominate. The technical picture is bearish with a crucial double-bottom watched. The EUR/USD is trading in the mid-1.1500s, down on the day but at similar levels to those seen in Tuesday’s European session. The US Dollar […]
Continuing EM Pain Helps The Dollar, But Does Little For Yen
The dollar is posting gains against most of the emerging market and major currencies. The MSCI Emerging Markets Index is off 1.6% and extending the drop to a sixth consecutive session. Indonesia’s bourse saw the largest decline (~3.75%) in the region. In part, it reflects concern that the rupiah’s weakness (falling now nine of the […]
BTC/USD Forex Signal – Wednesday, Sept. 5
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades can be entered until 5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $7,333 […]
A Great Trading Lesson On The GBP/JPY
The daily chart for the GBP/JPY is perhaps one of the most interesting at present as it highlights several trading related issues which apply to all markets and time frames, and from which we can learn some important lessons. And the focus here is on the price action of the last few days, and in […]
