Category Archive: Finance
World-Class Profitability At Carlsberg Brewery Malaysia
Background Carlsberg Brewery Malaysia Berhad was incorporated in 1969 and is engaged in the manufacturing, distribution, and marketing of alcoholic beverages including beer, stout, and shandy and non-alcoholic malt beverages in Malaysia and Singapore with a stake in a Sri Lanka brewery. It also has regional presence in Thailand, Taiwan, Hong Kong, and Laos. Business […]
Sensex Trims Losses; Rupee Hits Record Low
Stock markets in India trimmed some of their morning losses and are now trading slightly lower amid weak global cues and as Rupee hit its record low against the dollar. Losses are largely seen in bank stocks and PSU stocks. The BSE Sensex is trading down by 140 points and the NSE Nifty is trading down by 40 points. Meanwhile, the BSE Mid Cap index […]
USDCAD Daily Analysis – Monday, August 13
USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.
Natural Gas Week Ahead – Monday, August 13
Natural Gas market on the Nymex had a bullish week closing 2.68% higher than the previous one, at $2.93. Thursday’s storage report, however, pressed the price a little bit lower on 46 Bcf build. This two weeks rally was welcome as we are set to sell it, on the upper bound we are already in, […]
Turkey & Foolish European Banks
Erdogan is shifting to Russia already. He will abandon the West all to retain power. Turkey was the critical lynch-pin for emerging markets. Many foolish banks ran to buy Turkey’s debt because they could earn 20% interest. The currency has fallen 25% in two days. We are looking at European banks taking major losses on […]
WTI Crude Oil And Natural Gas Forecast – Monday, August 13
WTI Crude Oil The WTI Crude Oil market rallied after a significant sell-off over the last couple of days on Friday. In fact, we have broken above the $67 level, which is important because it shows that we are reentering the previous consolidation area. I believe that the market will find that level comfortable, and […]
EURUSD: Lira’s Collapse Putting Pressure On The Euro
On Friday the 10th of August, trading on the US dollar index closed up by a decent amount. The dollar’s rally against the lira had a ripple effect on other currencies. The lira’s rapid drop on Friday took its toll on the euro, with the EURUSD pair, in turn, dropping to 1.1388. According to the Financial […]
Turkey’s Crisis Could Send Euro Lower
The crumbling of Turkey’s economy could drag eurozone down, short EUR/USD? Turkish Lira went into freefall last Friday after President Trump slapped tariffs on Turkey’s steel exports. The trouble Turkey is facing is not just a localized issue, but a contagious one. European Central Bank is worried about non-hedged exposure of European banks to Turkish […]
Stocks Outlook – Monday, August 13
Thoughts Citigroup’s Panic/Euphoria Model registered “euphoria” last week. Not as bad as you think it is, but watch out if this reading persists for a few months. Korea’s stock market is sinking. Not a “canary in the coal mine” for the U.S. stock market. Net earnings revisions are still positive. Medium-long term bullish sign for […]
Crypto Bubble Unwind Images: Fast In Altcoins, Slower In Bitcoin
Ripple, the number three cryptocurrency is down 89% from the top, Ethereum 76%, Bitcoin 67%. The cryptocurrency bubble is unwinding rapidly from the bottom up. Bitcoin is holding up the best. Here’s a set of images of the three leading cryptos. I created the charts at approximately 1:00 PM on August 11. Bitcoin the Top […]
