Category Archive: Finance
Indian Indices Trade Marginally Higher, Realty Stocks Witness Buying
Stock markets in India are presently trading near the dotted line with positive bias. Sectoral indices are trading on a mixed note with stocks in the healthcare sector and realty sector witnessing maximum buying interest. Oil & gas stocks are trading in the red. The BSE Sensex is trading up 28 points (up 0.1%) and the NSE Nifty is trading up 17 points (up 0.1%). The BSE […]
ECB Preview: A Trapped Mario Draghi Makes A Decision
After a barrage of media trial balloons (as recently as today) meant to temper the enthusiasm of Euro bulls now that the EURUSD is back to 1.20 and threatening European corporate profitability, Mario Draghi’s Sintra hawkishness is a distant memory. And so, with the ECB’s policy decision only hours from now, a “trapped” Mario Draghi finds […]
Why Bitcoin Will Crash – Law Of Conservation Of Energy
Written by Brad Parkes Let me walk you through my Bitcoin crash logic. I promise it has nothing to do with this chart. Please share this article – Go to very top of page, right hand side, for social media buttons. Nor does it have anything to do with a MMA fighter demanding payment in Bitcoin (remember Giselle with Euros or […]
Euro May Fall As ECB Disappoints Hopes For QE Taper Signal
All eyes are on an ECB monetary policy announcement in European trading hours. Expectant traders are keen to see if the President Mario Draghi and company will use the occasion to begin the process of “tapering” QE asset purchases or at least set the stage for doing so in the months ahead. The absence of such guidance […]
Gold: The Anatomy Of The Bottoming Process
Tonight I would like to show you some short and long term charts for some of the PM stock indexes. In the very short term they have had a good run and are getting overbought and need to work off some of the bullishness. This is perfectly normal and should be expected. What we need […]
USDCAD Daily Analysis – Thursday, Sept. 7
USDCAD dropped sharply to as low as 1.2146. Near-term resistance is at the falling trend line on the 4-hour chart. As long as the price is below the trend line, the downtrend from 1.2662 could be expected to continue and next target would be at 1.2050 area. Only a clear break above the trend line resistance […]
Gold Eases From Near 1-Year High
Gold prices ended lower on Wednesday as the majority of market participants opted to remain on the sidelines ahead of the European Central Bank meeting. XAU/USD is hovering just above the 1332 support level in early Asia session. Aside from the ECB meeting, traders will look to Fed speakers for their assessment of economic conditions. […]
Irma Comes At The Heels Of Harvey, Insurance Stocks In Focus
The insurance industry is still reeling under the impact of Hurricane Harvey and the damages caused in the wake of the storm. But there is a whole new catastrophic disaster, waiting to strike Florida, termed as Hurricane Irma. The storm has already strengthened to Category 5 and has hit the Leeward Islands of the northeast […]
U.S. Raises Government Debt Limit Until December
Asian shares were slightly higher on Thursday morning after U.S. President Donald Trump and his Congressional colleagues committed to raising the government debt limit until December, a move which eliminates the chance of a government shutdown for the near term. In a somewhat surprising bipartisan agreement, Trump made a deal with Democrats in Congress to […]
Here’s How Many Americans Live In Houses They Can’t Afford
The U.S. Department of Housing and Urban Development suggests that you spend no more than 30% of your annual budget on housing costs as it could put you and your family at greater risk of being unable to afford other necessities. That said, Americans are overachievers. Per the following chart from howmuch.net, the average American family spends […]
