Category Archive: Finance, No picture
Investors Most Bearish On GBP
If there is no deal in the UK this week, GBP/USD may continue to fall. Serious financial disruption in UK looks real for now The British pound could tumble another 3-4% following the resignation of UK’s Brexit Secretary Dominic Raab, increasing risks to Prime Minister Theresa May’s leadership and the potential for a “no deal.” Investors are […]
Sensex Trades Marginally Higher; Yes Bank & Tata Motors Top Gainers
Share markets in India are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the realty sector and metal sector witnessing maximum buying interest while oil & gas stocks are witnessing selling pressure. The BSE Sensex is trading up by 141 points (up 0.4%), while the NSE Nifty is trading up by 33 points (up 0.3%). The BSE Mid […]
KB Home Confirmed Longstanding Market Fears Over Home Builders
In most of my Housing Market Reviews this year, I chronicled the growing warning signs in the housing market and the on-going technical damage in the stocks of home builders. Until the last few months, I remained hopeful that a turn-around waited around the corner; I kept looking for the reassurances of the home builders to translate […]
USDCAD Daily Analysis – Monday, Nov. 19
USDCAD is testing the support of the price channel on the 4-hour chart. A breakdown below the channel support would indicate that the upside movement from 1.2782 had completed at 1.3263 already, then deeper decline to 1.3050 area could be seen. Near-term resistance is at 1.3190, a breakout of this level could trigger another upside […]
US Dollar Aims Higher On European Turmoil, Fed Outlook Rethink
US DOLLAR FUNDAMENTAL FORECAST: BULLISH US Dollar may find boost from Brexit drama, Italy vs EU budget fight PMI surveys may prompt rethink of dovish shift in Fed rate hike bets US Thanksgiving holiday to drain liquidity into the end of the week Homegrown schedule event risk will be sparse in a holiday-shortened week ahead, […]
EUR/USD Weekly Analysis – Sunday, Nov. 18
EUR/USD broke below 1.1301 support and extended its downside movement from 1.1815 to as low as 1.1215. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected to continue and the next target would be at 1.1100 area. Key resistance is at 1.1500, only […]
Brexit, Mixed Retail Earnings & Nvidia’s Weak Outlook Weigh On Stocks
On this episode of the Zacks Friday Finish Line, Associate Stock Strategist Ryan McQueeney and Editor Maddy Johnson recap the week’s Brexit drama and major earnings results from the retail sector. The hosts also chat about Nvidia’s sluggish guidance and what it could mean for tech stocks. It was another uncertain week for global investors—thanks […]
Australian Dollar Can Hang On Again, But Downward Bias Remains
by David Cottle , Analyst Fundamental Australian Dollar Forecast: Neutral The Australian Dollar has held up quite well this month Overall risk appetite will probably decide its fate However this week’s local economic events may be supportive The Australian Dollar continues to hang tough against its US cousin, holding still above the long downtrend line that had held sway for much […]
Value Hedge Funds Close Despite Plethora Of Bargains In Asia
This year, a number of high-profile hedge funds that follow the value discipline, have closed their doors. The latest is Three Bays Capital, which announced plans to close at the end of last month, following years of weak performance. Started in 2013 by former Highfields Capital Management money manager Matthew Sidman, Three Bays Capital once managed as much […]
