Category Archive: Finance
Goldman Warns Oil Could Plunge Below $40 Absent OPEC “Shock And Awe”
Goldman has done it again: less than two weeks after the bank said “oil prices have likely hit bottom of the price range, and look attractive” when it slashed its WTI price target from $55 to $47.50 (and every other Wall Street bank promptly followed), in a note released overnight by its analysts including Damien Courvalin and […]
USD/JPY Elliott Wave View: Bullish Against 112.86
Short term the USD/JPY Elliott Wave view suggests the pullback to 111.7 low on 6/29 ended Minor wave X. Up from there, wave Y is unfolding as an Elliott wave zigzag structure where Minute wave ((a)) ended at 113.68 and Minute wave ((b)) ended at 112.86. Up from there, Minute wave (i) of ((c)) ended at 114.3. Minute wave (ii) of […]
Bullet Report: Top 5 Things Happening In The Market Today – Tuesday, July 11
Top 5 Things to Know Before You Start Trading This Tuesday the market is expected to see low volatility, JPY and gold are seen lower while oil and Asian shares rise. 1 – Uneventful Economic Calendar Today The forex markets are generally trading in a tight range. The absence of any significant market events today is likely going to […]
Markets Looking For Next Cue
Investors await fresh policy clues as the Bank of England’s Broadbent is seen as a key vote on a closely balanced MPC, while the Fed’s Brainard, is also seen as a bellwether, will speak shortly after midday in NY. Broadbent has not spoken since the election, and his current views are not known. If he sides with the dissenting […]
What Happened To Trump’s Trade Restrictions & Are They Still A Risk?
Trade Tariffs Take A Backseat So Far Over the course of Trump’s presidential campaign, his proposed trade restrictions were a key focal point, and risk sentiment suffered as a result of the uncertainty linked to the issue. However, at the start of the second half of the year, it appears that investors are currently attaching […]
USD/CAD Forex Signal – Tuesday, July 11
Yesterday’s signals were not triggered as none of the key levels were ever reached. Today’s USD/CAD Signals Risk 0.75% per trade. Trades must be entered between 8am and 5pm London time today only. Long Trade 1 Long entry after the next bullish price action rejection following a first touch of 1.2839. Put the stop loss 1 […]
Sensex & Nifty Trade Near All-Time Highs; IT Stocks Lead
After opening the trading day on a positive note, Indian share markets continue to trade firm in the morning session. Gains are largely seen in information technology stocks and automobile stocks. Meanwhile, consumer durables sector and FMCG sector trading in the red. The BSE Sensex is trading higher by 132 points and the NSE Nifty is trading higher by 47 points. The BSE Mid Capindex is trading flat while […]
Packaged-Goods Companies Slash Marketing Spending As Amazon Makes Sales “All About Price”
Amazon’s dominance of all things retail-related in the US is starting to effect on how packaged goods are marketed: Big Brands are starting to give up on expensive advertising campaigns because customers no longer see the value in expert branding. Now, thanks to Jeff Bezos and his algorithms, they’re fixated at finding the lowest price […]
Brexit Briefing: Trade, The Repeal Bill And May’s Woes
In recent days, the Brexit debate has focused on the rights of EU citizens in the UK after the country’s divorce becomes absolute; an important issue but unlikely to be a market mover. There are plenty of other issues bubbling under the surface, however, that could yet affect the British Pound. Take trade. It looks […]
Goldman: Assume Low Volatility Lasts For At Least One Year
With volatility oddly low, Goldman Sachs strikes a pose that is not too dissimilar to that of Bridgewater’s Ray Dalio, who said the dance with central banks and their negative interest rates and free market antics won’t end until cracks become apparent. In a July 5 portfolio strategy report, Goldman’s European-based analysts Ian Wright, Christian Mueller-Glissmann and Alessio Rizzi say ignore […]
