Category Archive: Finance, No picture
Exploring Tesla’s Mountain Of Debt: Musk Needs To Pick A Poison
Let’s explore Tesla’s mountain of debt with a spotlight on convertible bonds. Tesla’s Mountain of Debt The chart is from Tesla’s U-turn Puts it Back at Square One on Cash. I added the boxes in blue. The reason will become apparent in a moment. With a debt load of about $10.5 billion and the possibility of […]
Gold Prices Fall As US Dollar Gains Amid Market Turmoil
Gold prices fell as haven demand buoyed the US Dollar, applying familiar downward pressure to the standby anti-fiat alternative. The MSCI World benchmark stock index fell for a second day, shedding 0.3 percent amid worries about stress in emerging market assets and the escalating trade war between the US and China. Sentiment-sensitive crude oil prices likewise tracked lower. Headwinds […]
Dollar To Strengthen If Trade Tension Escalates This Week
Trade tensions may continue to weigh on EM currencies, short AUD/USD? Correlation between Aussie and EM(Emerging Markets) currencies have been staying high in the past years Safe haven currencies held modest gains as emerging markets turn lower in risk-off mode amid concern on trade tensions. This is based on a report that the Trump administration […]
GBP/USD Sunday Gap Will Not Be Easy To Close
The GBP/USD kicked off the week on the lower ground due to Barnier’s comments rejecting Britain’s Brexit proposal. Can it recover? It will not be easy. The Technical Confluences Indicator shows that the pair faces robust resistance at 1.2967 which is the convergence of the Bolinger Band one-hour Middle, the Fibonacci 61.8% one-month, the Fibonacci 48.%, and the Fibonacci 23.6% one-day. […]
Indian Indices Open On A Positive Note; Sensex Up Over 120 Points
Asian shares are trading on a negative note today. The Nikkei 225 is down 0.7% while the Hang Seng is down 1% and the Shanghai Composite is trading down by 0.9%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 126 points (up 0.3%) while the NSE Nifty is trading up by 22 points (up 0.2%). Both, the BSE […]
Gold Forecast: September 2018
Gold prices settled at $1200.82 an ounce on Friday, falling 0.49% on the week and 1.86% over the month. The bearish technical posture combined with little risk aversion among traders drove prices to near 2017 lows. The U.S. dollar was underpinned by interest rate hike expectations. Fed Chairman Jerome Powell’s comments led many in the […]
GOLD: Remains Vulnerable On Further Bear Pressure
GOLD: The commodity looks to weaken further in the new week despite its price hesitation on Friday. On the downside, support comes in at the 1,190.00 level where a break will turn attention to the 1,180.00 level. Further down, a cut through here will open the door for a move lower towards the 1,170.00 level. […]
Equity Forecast For Dow, S&P 500, DAX, FTSE And Nikkei
Equities Talking Points: What Would Impact S&P 500 and Dollar More: Emerging Market Crisis or Eased Trade War? Dow Tests Short-Term Support as Month-End Nears. NOT A SUMMER FOR LULLS, BUT WE NEAR THE END NONETHELESS US stocks have started to show some element of pullback as we wind down the week, and this […]
Forex Forecast: Pairs In Focus – Sunday, September 2
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
World Stocks Have Underperformed The US By The Most Since The Financial Crisis
Last week we noted that something odd was going on in global markets: in recent months, a near record divergence has opened up in the performance of risk assets, which previously was only observed during recessions. As the S&P 500 marched towards its record bull market and a new all-time high, EM equities, copper and European banks were […]
