Category Archive: Finance
Hurricane Harvey: Lack Of Flood Insurance Will Hit Houston’s Recovery
“By Monday, the third straight day of flooding, the aftermath of Hurricane Harvey had left much of the region underwater, and the city of Houston looked like a sea dotted by small islands. ’This event is unprecedented,’ the National Weather Service tweeted. ‘All impacts are unknown and beyond anything experienced.’” This summary from the New York Times gives […]
NZD Under Pressure Ahead Of The Elections – What’s Next?
The New Zealand dollar is under pressure from all sides and against many currencies. What’s in store for NZD/USD and AUD/NZD? Here are several opinions: Here is their view, courtesy of eFXnews: NZD: A Sell On Rallies Ahead Of A ‘Perfect Storm’ – ING ING FX Strategy Research argues that NZD/USD is a sell on rallies […]
AUDUSD Daily Analysis – Monday, Sept. 4
AUDUSD is facing 0.7995 resistance, a break of this level could signal resumption of the uptrend from 0.7807, then next target would be at 0.8050 area. Key support is at 0.7866, only a breakdown below this level could trigger another fall towards 0.7700.
Weekly Forex Forecast – Monday, Sept 4
EUR/GBP The EUR/GBP pair broke to a fresh, new high during the week but turned around to form a rather negative candle. By doing so, it looks as if we could pull back from here, perhaps looking for support underneath. I think that the 0.90 level underneath will be that support, so we may get […]
Global Manufacturing Muddling Through
The August round of manufacturing PMIs at an aggregate level showed a trend of muddling through. But it was a different type of muddling through whether you were talking about developed economies or emerging markets. Taking a look at the first chart below, the composite emerging markets manufacturing PMI ticked up back to the top […]
Sensex Continues Downtrend; Realty Sector Down 2%
After opening the day in red, share markets in India continued the downtrend and are currently trading weak amid fresh missile launch threats from North Korea. Sectoral indices are trading on a negative note with stocks in the realty sector and stocks in the IT sector leading the losses. The BSE Sensex is trading down by 235 points (down 0.7%), and the NSE Nifty is […]
USD Under Pressure As August NFP Misses Expectations
The Nonfarm payrolls jobs report left investors disappointed, and the greenback under further pressure, as the United States economy created just 156,000 jobs in August while the official US unemployment rate moved higher to 4.4%. Financial markets had been expecting US payrolls to grow by 180,000 in August, and the US unemployment rate to continue […]
Top ETF Stories Of August 2017
True to its reputation, the month of August was lukewarm for global equities including the United States. In fact, a consensus carried out from 1950 to 2016 shows that August ended up offering positive stock returns in 37 years and negative returns in 30 years, per moneychimp.com, with an average return of negative 0.27%. In line […]
EUR/USD: Euro Rising On The Back Of A Retreat To Safe Havens
Previous: On Friday the 1st of September, trading on the euro/dollar pair closed slightly up. Volatility increased after the US jobs report was published. 156,000 new jobs were added in the US outside the agricultural sector in August against a forecast of 180,000. The value for June was revised from 231,000 to 210,000 and for July […]
U.S. Concrete: A Missed Opportunity
When I described U.S. Concrete (USCR) as a strong play on the U.S. economy, I noted I would wait for a dip in the stock before picking a spot to buy. That opportunity came a lot faster than I expected as USCR dipped down on rising volume to the top of its previous trading range. The […]
