Category Archive: Finance
Turkey Iran And Shale
Oil prices are trying to balance the risks to oil supply versus the risks to demand. The risk to the demand side of the equation is coming out of Turkey. Turkish President Recep Tayyip Erdogan is vowing not to be brought to its knees even as it is him that has driven the Turkish economy […]
E Forex Analysis Of EUR/USD For Monday, August 13
First, we look into the previous day trade and what happened on August 10, 2018, and the EUR/USD pair opened at 1.15256 and went high at 1.15357 and gone to low at 1.13873 and finally closed at 1.14098. The calculated pivot point for the day is 1.14442 The difference between high and low was 148 […]
Sensex Ends 224 Points Lower; Banking And Energy Stocks Witness Selling
Indian share markets continued to trade in the red during the closing hours of the trading session and ended the day on a negative note. Losses were largely seen in the energy sector and banking sector. At the closing bell, the BSE Sensex stood lower by 224 points (down 0.6%) and the NSE Nifty closed lower by 74 points (down 0.7%). The BSE Mid […]
Bitcoin Daily Forecast – Monday, August 13
BTC/USD Bitcoin markets fell during the trading session on wiping out about half of the gains from Thursday. We still hover above the crucial $6000 level though, so over the weekend, we may see a bit of a bounce in low volume environments. However, there is a daily downtrend line that crosses right around the […]
SPY Once Again Rejected At Channel Resistance – More Downside Likely Ahead
SPY last week was rejected at channel resistance, coming up $0.63 short of surpassing the all-time high of $286.63 reached January 26. The path of least resistance is down. A covered put might help. There are interesting dynamics at play in earnings estimates for US large-caps. Operating estimates for S&P 500 companies are sideways to […]
E Markets: Another War?
We started with trade wars, moved to currency wars and now are in economic war. Turkish President Erdogan uses the term as he rails like King Lear against the storm. The difference maybe just words but the sentiment is that all tools are available for retaliation. The sanctions from the US on Russia and Turkey […]
Spillover Emerging
Plenty of interesting moves in the markets lately. Top of every investor’s mind is the Turkish Lira and its ongoing slide. Also, the Russian Ruble, Mexican Peso, and the South African Rand are making massive movements Some experts are calling it an emerging market currency rout. The thing is, emerging market currencies shouldn’t necessarily correlate […]
OpenText Software: Better To Manage Random Info
Today I’m reviewing a large-cap software – application firm by the name of Open Text Corporation. Its trading ticker symbol is OTEX. Open Text Corp develops and sells enterprise information management (EIM) software. The company offers EIM software that allows clients to archive, aggregate, retrieve, and search unstructured information the better to manage it. In […]
Morning Call For Monday, August 13
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.28%) this morning are down -0.30% at a 1-week low and European stocks are down -0.70% at a 1-1/4 month low on concern of contagion of the Turkey economic crisis to European banks. Losses in European bank stocks led the overall market lower as the Turkish lira plunged […]
Downtrend To Continue?
The U.S. stock market indexes lost 0.7-0.8% on Friday, retracing some of their early August advance, as investors reacted to global stock markets’ rout. The S&P 500 index broke below its relatively narrow three-day-long trading range following bouncing off the resistance level of around 2,860-2,865. It currently trades 1.4% below the January’s 26th record high of 2,872.87. […]
