Category Archive: Finance
EUR/USD Daily Analysis – Wednesday, October 25
EUR/USD moved sideways in a trading range between 1.1725 and 1.1879. An upside break of 1.1795 resistance could trigger another rise towards 1.1879. Above this level could aim next resistance level at 1.2029. On the downside, below 1.1725 could take price to test 1.1662 (Aug 17 low) key support. Below this level could trigger further […]
Indian Indices Continue Momentum; Banking Sector Up 3.4%
After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the banking sector and capital goods sector witnessing maximum buying interest. The BSE Sensex is trading up 306 points (up 0.9%) and the NSE Nifty is trading up 56 points (up […]
Sherwin-Williams Reports Q3 Financial Results; Increases Guidance For Q4 And Full-Year 2017
The Sherwin-Williams Company (NYSE: SHW) announced favorable financial results for the third quarter ended September 30, 2017 enhanced by the June acquisition of Valspar. About SHW Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers such as […]
Forex Critical: The U.S. Dollar Vs. Mexican Peso Soars To An Important Level
Against the U.S. dollar, the Mexican peso, USD/MXN, has left its 15-month low in the dust. For the past month, USD/MXN has neatly followed its upper-Bollinger Bands (BBs) straight through a bullish confirmation of a 50DMA breakout and then a bullish breakout above its 200-day moving average (DMA). The U.S. dollar versus the Mexican peso […]
Strong Headline & Core Australia CPI To Temper AUD/USD Losses
– Australia Consumer Price Index (CPI) to Increase for Second Time in 2017. – Core Rate of Inflation to Expand Annualized 2.0%- Fastest Pace of Growth Since 4Q 2015. Trading the News: Australia Consumer Price Index (CPI) A rebound in both the headline and core Consumer Price Index (CPI) may spark a bullish reaction in the Australian […]
Infosys Beats Street Estimates, Reliance Nippon Life IPO & Other Top Cues In Action Today
Indian share markets rose 100 points in the afternoon session to finish in green for second consecutive day. At the closing bell yesterday, the BSE Sensex closed higher by 101 points and the NSE Nifty finished up by 23 points. The S&P BSE Mid Cap finished up by 0.2% while S&P BSE Small Cap finished up by 0.6%. Gains were largely seen in PSU stocks, power […]
Political Football Or Sign Of Retiring Speculators?
A while back I wrote a piece on Big Brother Biotechnology (IBB). You will get to meet him next week on Facebook Live. On July 31st, Will Big Pharma Sedate the Market Rally? reminded you that leading medical research requires speculative funds, and if speculative funds are coming into the market, that helps round out the […]
BOC To Hit The Brakes? What Does It Mean For CAD?
The Canadian dollar is already on the back foot following the poor inflation numbers but struggles to conquer the high resistance level ahead of the BOC. Will USD/CAD jump on the decision? Here are two opinions suggesting that Poloz and co. will take a long break from hiking and this has implications for the C$. […]
Passive Should Never Laugh At Active
I have been meaning to write this post for quite some time. As an ex-ETF trader, I have watched with bemusement as investors have both embraced and shuddered at the wide adoption of ETFs. But most pundits are missing the larger picture. ETFs are just a symptom of the bigger phenomenon. The true battle lies […]
Quietest Market Since 1998
Drawdowns Of 10% Are Rare In Stocks & Bonds Even though the major indexes were all down on Monday, the S&P 500 still broke the record for the longest streak without a 3% correction. In searching for a volatility metric that the current streak hasn’t breached, I found the chart below. It shows the maximum monthly […]
