Category Archive: Finance, No picture
USD/CAD Set To Rock On Friday With A Double-Feature Event
Canada releases top-tier inflation and retail sales figures on Friday. The data is critical for the BOC’s October rate decision. The USD/CAD is balanced into the data. Canada publishes its inflation report for August and the Retail Sales publication for July on Friday, September 21st, at 12:30 GMT. There are no significant US publications at […]
Cryptos: 3 Scenarios For The Direxion Bitcoin ETF Decision
Direxioמ’s Bitcoin ETF request is a high profile one and is set to move all cryptocurrencies. The deadline delay raises the stakes for the upcoming decision as coins await impatiently. The reactions are different in three different scenarios and for each of the three top coins. On July 24th, the US Securities and Exchange Commission […]
Sensex Slumps Over 290 Points; Realty And PSU Stocks Witness Selling
After opening the day on a negative note, share markets in India continued their downtrend throughout the day and ended in the red. Sectoral indices traded in the red, with stocks in the realty sector, power sector and PSU sector leading the losses. At the closing bell, the BSE Sensex stood lower by 295 points (down 0.8%) and the NSE Nifty closed down by 99 points […]
BTC/USD Forex Signal – Tuesday, Sept. 18
Yesterday’s signals were not triggered, as there was no bearish price action at $6,569. Today’s BTC/USD Signals Risk 0.75% per trade. Trades can be taken until 5pm Tokyo time, over the next 24-hour period only. Long Trade Go long after a bullish price action reversal on the H1 time frame following the next touch of $6,171. […]
The Only People Who Don’t (Want To) See It
If everything was going to plan, non-standard monetary policy at the zero lower bound (QE) would have raised inflation expectations increasing the level of aggregate demand as businesses and consumers ramped up their activities in anticipation of higher costs. The more this “overheating” goes on, the more forceful it becomes. Eventually, by virtue of the […]
USDCAD Daily Analysis – Tuesday, Sept. 18
USDCAD broke above the top trend line of the price channel on the 4-hour chart, suggesting that the downside movement from 1.3226 had completed at 1.2975 already. Further rally is possible in a couple of days and next target would be at 1.3100 area. Near-term support is at 1.3000, only a breakdown below this level […]
Indian Indices Trade Marginally Higher; Stocks Witness Buying
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the FMCG sector and healthcare sector witnessing maximum buying interest. Realty stocks are trading in the red. The BSE Sensex is trading up 12 points (up 0.1%) and the NSE Nifty is trading up 8 points (up 0.1%). The BSE Mid Cap index is trading down by 0.2%, […]
There Will Be Warnings
This post is a slightly-modified excerpt from a TSI commentary published about three weeks ago. Not much has changed in the meantime. If you rely on the mainstream financial press for your information then you could be forgiven for believing that financial crises happen with no warning. However, there are always warnings if you know […]
Crude Oil, Gold Prices Echo US Dollar Swings On Trump China Tariffs
Commodity prices initially rose as emerging market currencies traded higher at the start of the trading week, cooling investors’ worries about instability in the space and sapping the haven appeal of the US Dollar. That led the benchmark unit lower, boosting perennially anti-fiat gold and offering a de-facto lift to assets priced in USD terms on global markets, including crude oil. The […]
AUDUSD Daily Analysis – Tuesday, Sept. 18
AUDUSD moved sideways in a trading range between 0.7141 and 0.7235. Near-term support is at 0.7141, a breakdown below this level could trigger another fall towards 0.7100. Resistance is at 0.7235, a breakout of this level could take the price to 0.7300 area.
