Category Archive: Finance, No picture
Morning Call For Wednesday, Nov. 14
Overnight Markets And News Dec E-mini S&Ps (ESZ18 +0.01%) this morning are down -0.18% at a 1-week low and European stocks are down -0.57% at a 2-week low as Eurozone political risks weigh on stocks. GBP/USD is down -0.19% as UK Prime Minister May will ask her divided Cabinet ministers to back her Brexit deal or […]
Indian Indices Finish Flat; IT And Pharma Stocks Witness Selling
Share markets in India ended their trading session on a flattish note. Sectoral indices ended on a mixed note with stocks in the IT sector and pharma sector witnessing most of the selling pressure. Stocks from the energy sector were witnessing buying interest. At the closing bell, the BSE Sensex stood flat and the NSE Nifty closed down by 6 points (down 0.1%). The BSE Mid Cap index […]
USD/CAD Daily Analysis – Wednesday, Nov. 14
USD/CAD’s upside movement from 1.2782 extended to as high as 1.3263. Further rise is still possible after a minor consolidation and next target would be at 1.3300 area. Near term support is at 1.3170, below this level could bring the price back to the bottom of the price channel on the 4-hour chart.
5 Must-Watch Retailer Earnings Charts This Week
(Video length 00:04:30) Earnings season continues onward. This week, we start to see the rush of retailers reporting but there will also be some technology titans and cannabis companies in the mix. Still, it’s the retailers which will take the spotlight. Is the consumer still spending? And what does the holiday season look like? Retail […]
EUR/USD: Another Recovery Hits The Wall Of Worry
EUR/USD recovered Brexit and US-Chinese talks. Italy has not budged, Brexit is volatile, and German contraction weighs. Technically, the pair will need to feel comfortable above 1.1300 to convince more buyers. EUR/USD is trading around 1.1300, significantly up from the 17-month lows of 1.1215 recorded on Tuesday. The Good: Brexit breakthrough, US-Chinese talks The European […]
Hopeful Brexit News Lifts Pound
News that a Brexit deal, albeit still in draft form, was struck between the British government and the European Union was enough to provide a lift for the Pound Sterling. That news improved risk sentiment and gave investors the confidence to buy the Pound. Analysts offer a word of caution, however, and point out that […]
E Southern Co ‘Tricity, Gas & Comm For 9M Folks
This week I’m seeking the one and only dividend-paying stock from the utilities business sector for my Ivy portfolio. That utilities sector has five industries including diversified, independent, regulated electric, regulated gas, and regulated water. Today I’m reviewing a Large-cap regulated electric company, named Southern Company. Its trading ticker symbol is SO. Southern Co is an […]
Trump Administration Blinks On Iranian Oil Sanctions
The Trump Administration wants to take a hard line on Iran, while avoiding a spike in oil prices just before the midterm elections. If there’s one thing a politician in power hates to see, it’s oil prices rising ahead of an election. This is why we have seen prior administrations attempt to manipulate oil prices leading up to elections. For […]
AUD/USD Daily Analysis – Wednesday, Nov. 14
AUD/USD is now in the downtrend from 0.7302, the bounce from 0.7164 is likely corrective consolidation for the downtrend. Another fall could be expected after the consolidation and a breakdown below 0.7164 support could take the price to 0.7050 area. Resistance is at 0.7250, only a breakout of this level could trigger another bullish movement […]
Brexit Compromise? Not So Fast! Collapse Of UK Governments Just As Likely
Word hit this AM of a Brexit compromise between the UK and the EU. I didn’t bite. A deal is one thing, approval another. This morning, the Financial Times reported UK and EU Hammer Out Draft Terms of Brexit Divorce. The Guardian commented May Tells Her Cabinet, This is the Deal – Now Back Me This THE […]
