Category Archive: Finance
Sterling Surges On Early Election Announcement
Bank Holiday Ends with A Bang The week following a long, holiday weekend in the UK was far from quiet as UK PM Theresa May made a shock announcement that she would be calling an early election on the 8th June. This latest vote will mark the fourth important, public voted for the UK in […]
The Real Story Of China’s Strong First-Quarter Growth
After the solid first quarter performance, the central government may be in the unique position to achieve its growth target – even while tightening. In the first quarter, China’s economy grew 6.9 percent; slightly faster than expected and led by strong expansion at factories. What the first quarter data reflects is solid growth in several […]
INDU Elliott Wave View: More Downside
Short term Elliott Wave view in INDU (Dow) suggest that instrument is showing 5 swings sequence from 3/03 peak (21018) favoring more downside. From 3/03 peak INDU is following a Double three Elliott wave Structure, where Minor wave W ended at 20579 low and Minor wave X ended at 20887 peak. The index has since broken below the […]
Dollar And Yen Push Lower
With the exception of the yen, the US dollar is lower against all the major currencies. US Treasury yields are firm, extending yesterday’s rise a little. This may help keep the dollar straddling JPY109, but unwinding long yen cross positions is helping underpin the other major currencies. The Dollar Index is making a new low for the week […]
ETFs-of-CEFs
Closed-end funds (“CEFs”) are different animals from exchange-traded funds (“ETFs”) and traditional mutual funds. CEFs do trade on an exchange, like stocks and ETFs, which leads to some confusion. However, they cannot create and redeem shares in response to changes in demand, and therefore are not ETFs. Investing in CEFs can be potentially lucrative, but […]
Is JP Morgan Taking Silver Out Of SLV?
Yesterday I asked this question: What is going on with silver? The question is still open but let me show a probable solution. This year (till April 19) the SLV silver holdings decreased by 15.0 million ounces. However, in the same period JP Morgan has added as many as 19.9 million ounces of silver to its COMEX holdings. Interestingly, all that […]
Oil Bear Or Bull Interesting Times Ahead
Greetings to all, after a sell off yesterday in Oil prices we are back to the drawing board to see which scenario is the most probable one. The bullish one looking for 60-70$ or the bearish one looking for new yearly lows towards 40-42$? Here we will look at the levels we focus on for […]
Sentiment And Dollar Stabilize
After the GBP storm that was triggered by Theresa May call for early elections, calmness has returned to the market. Yesterday and so far today, there are a few market movements worth mentioning. With the lack of significant data releases scheduled for today, it is very likely that the market will not be very volatile […]
Britain To Go To Polls (Confirmed)
Let the games commence. By a resounding majority of 522 to 13 votes, Parliament surpassed the two thirds majority required to allow the PM to call a general election under the fixed parliaments act. Britain will go to the polls on 8th June and will have a rehearsal on 4th May in the shape of […]
Sensex Trades In Green; Bank Stocks Drag
After opening the day on a flat note, share markets in India witnessed volatile trading activity and are currently trading marginally higher. Except for stocks in the banking sector, all sectoral indices are trading in green. Stocks in the realty sector and stocks in the consumer durables sector are leading the gains. The BSE Sensex is trading up by 76 points (up 0.3%), and […]
