Category Archive: Finance, No picture
GBP/USD Swings On CPI, Brexit As The US Dollar Digs Into Support
BRITISH POUND SWINGS ON CPI, BREXIT HEADLINES The big mover so far on the morning is the British Pound, which has caught pushes in both directions so far on the day. The first move in the currency after the Euro open was bullish, as prices jumped-higher upon the release of August inflation numbers. But shortly after that spike, negative […]
DXY Index Lingers Near August Swing Lows For Fifth Day
The US Dollar (via the DXY Index) continues to fight off attempts to push it lower, with yesterday’s doji bar forming at critical support over the past three-plus weeks. Now, price is testing the late-August swing lows for the fifth consecutive day, a sign that market participants are not quite ready to choose a direction for the […]
Sensex Ends 170 Points Lower, Realty And FMCG Stocks Witness Selling
After opening the day on a positive note, share markets in India witnessed volatile trading activity and ended in the red. Sectoral indices traded in red, with stocks in the realty sector, and FMCG sector leading the losses. At the closing bell, the BSE Sensex stood lower by 170 points (down 0.5%) and the NSE Nifty closed down by 45 points (down 0.4 %). […]
Banking On Europe
Last week was central bank week in Europe, as both the European Central Bank (ECB) and the Bank of England (BOE) held policy meetings on the same day. The outcomes of these events did not necessarily break new ground, but the results did offer some guidance for the U.K. and eurozone bond markets going forward. More specifically, […]
A Tale Of Two Consumer Sector Returns: Discretionary Vs. Staples
Ahead of revisions to the US equity sector landscape in a few days, the existing definitions show that consumer discretionary, technology, and health care shares continue to lead this year, based on a set of exchange-traded funds. The upcoming reshuffling may reorder the horse race, but for now these three sectors are the dominant year-to-date performers through […]
Six Flags Has 20 Parks And Plans To Grow
This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer cyclical sector. That cyclicals sector includes twenty-eight industries ranging from Advertising Agencies to Apparel, Autos, Broadcasting, Department Stores, Gambling, Leisure, Lodging, Packaging, Personal Services, Shoes, Restaurants, Rubber, Plastics, Textiles, and all such consumer aimed enterprises. Today I’m reviewing a mid-cap leisure firm […]
USDCAD Daily Analysis – Wednesday, Sept. 19
USDCAD broke below 1.2975 support, suggesting that the downside movement from 1.3226 has resumed. Further decline could be expected in the coming days and next target would be at 1.2887 support. Resistance levels are at 1.3000 and 1.3064, only break above these levels could signal completion of the downtrend.
Sensex Remains Rangebound; HDFC AMC & Reliance Nippon Tumble Over 8%
Stock markets in India are trading in a range with positive bias in the afternoon session amid firm cues in the Asian markets and a recovery in rupee. Gains are largely seen in metal stocks and energy stocks. The BSE Sensex is trading up by 66 points and the NSE Nifty is trading up by 26 points. Meanwhile, the BSE Mid Capindex and the BSE […]
E GBPJPY Can Face Resistance Near 149.00
GBPJPY is moving sharply to the upside and even accelerating above 146.00 that we see now as an ongoing five-wave move within wave C. As such, there is room for 149.00 where three wave corrective recovery from August low can come to an end. From there a new three-wave minimum reversal can follow. GBPJPY, 4h
Crude Oil Prices Rise Even As Trade War Heats Up – Now What?
Crude oil prices soared reports circulated around the markets citing unnamed Saudi Arabia sources as saying the kingdom is comfortable with prices north of $80/barrel. That implies the top producer will not step up output to cap even a substantive rise from current levels. Gold prices oscillated, with the standby anti-fiat asset echoing directionless volatility of the US Dollar. The […]
