Category Archive: Finance, No picture
U.S. Midterm Elections – USD Under Pressure, AUD Is Our Favorite
Polls suggest that the Republicans will keep a majority in the Senate, while the Democrats may take the House of Representatives. If the Democrats do win the House, their main focus will be to lay the groundwork for the 2020 election, when the party hopes to win back the presidency as well as the majority […]
Election Day And The Stock Market… What Happens?
A discussion about the impact of the mid-term elections on the overall stock market. Video Length: 00:23:22
E Markets: Horses For Courses
The Bulletin sees this housing upturn as relatively advanced – i.e. getting old – and that price gains are stronger than historical averages. However, they see the investment cycle as less worrying and the flows for housing driven by the relative outperformance against other asset classes like bonds, deposits and equities. Different horses for different courses– […]
Sensex Ends Flat; Consumer Durables & Metal Stocks Drag
Indian share markets pared most of the morning gains to end the last trading day of Samvat 2074 on a flat note. At the closing bell, BSE Sensex ended up by 41 points, while, NSE Nifty ended up by 6 points. Sectoral indices ended on a mixed note with consumer durables stocks, and metal sector witnessing maximum selling pressure. While IT stocks and realty stocks ended in […]
Housing Least Affordable In A Decade
It takes 23.6% of median income to make the monthly payment on the average-priced home. In it’s latest report, the Black Knight Mortgage Monitor confuses affordability with payment stress and fails to make an apples-to-apples comparison when determining homes are “more affordable” today than in the period 1995-2003. Nonetheless, the report is interesting for what it does […]
Treasury Snapshot: 10-Year Yield At 3.15%
Note: We’ve updated this commentary with data through the October market close. Let’s take a closer look at recent activity in US Treasuries. The yield on the 10-year note ended Friday at 3.15% and the 30-year bond closed at 3.39%. Here is a table showing the yields highs and lows and the FFR since 2007 […]
USDCAD Daily Analysis – Tuesday, Nov. 6
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2782. Another rise to test 1.3169 resistance would likely be seen and a break of this level would take the price into 1.3250 zone. Key support is at 1.2969, only a breakdown below this level could signal completion […]
E H&S Formation On DAX And A Five-Wave Drop Can Suggest More Weakness
DAX is turning south after a completed correction within a wedge pattern into wave C of 4), which means that DAX can be headed back to the lows for a wave 5). Especially, because we can see five sub-waves from the highs and current consolidation can be part of a three-wave corrective rise, which would […]
AUDUSD Daily Analysis – Tuesday, Nov. 6
AUDUSD formed a sideways consolidation in a trading range between 0.7180 and 0.7258. As long as 0.7180 support holds, the upside movement from 0.7020 could be expected to resume and further rise to 0.7300 area is still possible after the consolidation. On the downside, a breakdown below 0.7180 support would suggest that the upside movement […]
Gold Prices May Fall As US Midterm Elections Boost US Dollar
Commodity prices were little-changed at the start of the trading week as expected, with markets probably leery of directional progression as hefty event risk by way of the US midterm elections looms ahead. A corrective crude oil price upswing swiftly evaporated intraday while gold prices continued to drift cautiously lower, retracing last week’s breakneck surge. US MIDTERM ELECTIONS MAY BOOST US DOLLAR, HURT […]
