Category Archive: Finance
EUR/USD: Price Up After Obamacare News
Previous: The US dollar index fell by 0.12% to 95.15 on Monday. Correspondingly, the euro/dollar rate rose by 0.11% to 1.1478 (+13 pips). The euro closed up against the dollar thanks to growth on the euro/pound cross, which rose by 0.49% to 0.8793. On the back of that, the pound/dollar fell by 0.37% to 1.3053. […]
Pound Tumbles From 10-Month High On Weak CPI Print: ‘The BoE Was Barking Up Wrong Tree’ Anyway
Rounding out an overnight session that saw a couple of notable FX moves is the pound, which dropped from a 10-month high after hotly anticipated UK CPI data came in, well, not hot. June inflation fell to 2.6% y/y, missing estimates of 2.9%. The print was near the low end of the estimate range. U.K. June Core […]
Dollar Tumbles, Euro Soars After Obamacare Repeal Dies; China Intervenes To Halt Rout
Bulletin headline summary from RanSquawk The USD-index dropped to 10 month lows amid fading hopes of US reforms after Obamacare repeal effectively died last night. Soft CPI from the UK and NZ weigh on both currencies Looking ahead, highlights include BoE’s Carney and the API Crude report The Dollar Index sank to its lowest level since […]
Sensex Finishes Deep In The Red; ITC Falls 12.6%
Indian share markets continued to witness selling pressure in the afternoon session amid weak international markets. At the closing bell, the BSE Sensex stood lower by 364 points, while the NSE Nifty finished down by 89 points. Meanwhile, both the S&P BSE Mid Cap & S&P BSE Small Cap indices finished down by 0.6%. Losses were largely seen in FMCG stocks, realty stocks, and oil & gas […]
EUR/USD Above 1.15 On Trumpcare Failure – Levels
EUR/USD is on the move. After hesitating and making baby steps above the former resistance line of 1.1445, the pair finally takes a bigger step. Euro/dollar is well above 1.15 and has set a high at 1.1538. The main driver of the pair is Trumpcare. The failure of Senate Republicans to pass a bill to […]
Crude Oil – Tuesday, July 18
Entering new shorts or liquidating longs in the rectangle area. Source: Investing.com
Top 5 Things Happening In The Market Today – Tuesday, July 18
Top 5 Things to Know Before You Start Trading This Tuesday the market has mixed currency movements amidst higher gold prices and upcoming data from the UK. 1 – EUR Off Session Highs The euro is off session highs which took it back to the $1.1530 mark in Asian trade, a level it last touched briefly in May 2016 and […]
How To Profit When The $217 Trillion Global Debt Bubble Bursts
While in London recently at an exchange with British Academy President Lord Nicholas Stern, Federal Reserve Chair Janet Yellen really let the cat out of the bag. She told Stern that banks are now “very much stronger,” with another financial crisis like the one in 2008 unlikely to happen anytime soon, and not likely “in […]
Crude Oil Prices Down As OPEC Struggles To Offset US Supply Gain
Crude oil prices fell amid reports that compliance with the OPEC-led production cut accord fell to 92 percent in June from 110 percent in the prior month. That was compounded by the EIA saying US shale output will hit 5.58 barrels per day in August, an all-time high, as well as news of an increase in output from Libya. […]
DXY Elliott Wave View: More Downside
Short term DXY (USD Index) Elliott Wave view suggests the decline from the 6/20 peak (97.87) is unfolding as a Zigzag Elliott Wave structure. Down from 97.87 high, a decline to 95.47 ended Minor wave A, and a bounce to 96.51 high ended Minor wave B. Wave C is unfolding as an Elliott wave Impulse structure with extension where Minute […]
