Category Archive: Finance, No picture
3 Funds To Buy As U.S. Manufacturing Gathers Steam
Per the latest report from the Federal Reserve bank, the Philly Fed manufacturing index improved considerably in the current month on the back of a bump in new orders. Further, industrial production is on track to register its best level since 2010. Industrial production has, in fact, rebounded in the month of August due to […]
Looking Ahead To The Mid-Term Elections And How Markets Could Be Impacted
Switching away from our usual metals focus with Craig Hemke we look ahead to the upcoming Mid-Term Elections. There have been so many other stories that have dominated the markets this whole year. However, as the Mid-Terms approach, we need to look past the election and determine the potential impacts to the economy and trade […]
Sensex Slumps Over 275 Points; Realty And Banking Stocks Witness Selling
After trading on a volatile note throughout the day, share markets in India witnessed selling pressure during the closing hours and ended the day in the red. All sectoral indices traded in red, with stocks in the banking sector and realty sector leading the losses. At the closing bell, the BSE Sensex stood lower by 279 points (down 0.8%) and the NSE Nifty closed down […]
USDCAD Daily Analysis – Friday, Sept. 21
USDCAD broke below 1.2887 support and extended its downside movement from 1.3226 to as low as 1.2884. Further decline could be expected after a minor consolidation and next target would be at 1.2800 area. Near-term resistance is at 1.2950, as long as this level holds, the downtrend will continue.
Electric Vehicle & Battery Metal News (Sept 2018)
The Electric Vehicle Revolution is an undeniable trend that will only grow larger in the near future. There are many ‘moving parts’ that support this important trend – the miners of battery metals, the vehicle manufacturers, the builders of charging networks and adoption by end users. Here are the latest developments in the electric vehicle […]
Indian Indices Trade Strong; Yes Bank Tanks 20%
After opening the day in green share markets in India are trading on a positive note and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the and stocks in the witnessing maximum buying interest. The BSE Sensex is trading up by 204 points (up 0.6%) and the NSE Nifty is trading up by […]
Gold Prices Rise As US Dollar Sinks, Crude Oil Eyes OPEC Meeting
Gold prices managed to secure an upswing as the supportive influence of a weaker US Dollar outweighed headwinds from rising yields. Ebbing haven demand appears to have accounted for the greenback’s weakness. It fell alongside Treasury bonds while stocks surged. Pre-positioning ahead of next week’s FOMC monetary policy announcement (admittedly not of the kind expected) might account […]
AUDUSD Daily Analysis – Friday, Sept. 21
AUDUSD’s upside movement from 0.7085 extended to as high as 0.7294. Further rise is still possible after a minor consolidation and next target would be at 0.7350 area. Near-term support is at 0.7250, only a breakdown below this level could bring the price back to 0.7150 area.
Why Software ETFs Are Soaring
(Video length 00:09:35) Technology continues to be one of the best performing sectors this year, up about 17%. Some areas within technology have done […]
Darden’s (DRI) Stock Up On Q1 Earnings Beat, Raised View
Darden Restaurants, Inc. (DRI – Free Report) reported better-than-expected results in the first quarter of fiscal 2019. Adjusted earnings of $1.34 per share surpassed the Zacks Consensus Estimate of $1.23. The bottom line also increased 35.4% year over year on the back of higher revenues. Notably, the quarter marked the 16th consecutive earnings beat for the company. Results […]
