Category Archive: Finance, No picture
Headline Durable Goods Orders Up 0.8% In September
The Advance Report on Manufacturers’ Shipments, Inventories, and Orders released today gives us a first look at the latest durable goods numbers. Here is the Bureau’s summary on new orders: New orders for manufactured durable goods in September increased $2.0 billion or 0.8 percent to $262.1 billion, the U.S. Census Bureau announced today. This increase, […]
What Is Wrong With The European Banks?
We discuss how the European banks such as Deutsche Bank and Credit Swiss are breaking down dramatically. I have warned about the share price of Deutsche Bank for several months now. Now the US banks stocks are weakening with Bank OZK leading the way down things are going from bad to worse. Could this be […]
Sensex Ends Volatile Day In The Red; Realty Stocks Lead Losses
After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day on a negative note. Sectoral indices traded mixed, with stocks in the realty sector and stocks in the pharma sector, leading the losses. At the closing bell, the BSE Sensex stood lower by 344 points (down 1%) and the NSE Nifty closed […]
ECB To End QE In December, Will Keep Rates Unchanged “As Long As Necessary”
In a statement that was a virtual replica from September, the ECB announced it was keeping its three key rates unchanged (main refinancing operations: 0.00%, marginal lending facility: 0.25%; deposit facility: -0.40%), that it will end its LSAP QE program at the end of December however “subject to incoming data confirming the medium-term inflation outlook”, […]
BTC/USD Forex Signal – Thursday, Oct. 25
Yesterday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered from 8am London time until 5pm Tokyo time today, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following […]
Ahead Of Draghi, A Dead Cat Bounce
After the downfall, the EUR/USD is attempting to stabilize around 1.1400. The ECB decision takes center stage today, with all eyes on Draghi. The technical picture is slightly bearish for the pair amid its dead cat bounce. The EUR/USD is trading around 1.14000 in the new European session. Stock markets are falling in Europe, following the lead […]
Euro May Fall Further On Dovish Shift In ECB Rhetoric
All eyes are on the ECB rate decision in European trading hours. A change in policy is not expected but the press conference with central bank President Mario Draghi following the policy announcement will be closely monitored for a forward guidance update. As it stands, ECB plans to wind down QE asset purchases by the end of the year. Priced-in expectations […]
Will Fed Capitulation Forestall Stock Market Crash?
The Dow was down over 600 points – 608 points. That is a percentage decline of 2.41%. Of course there were a lot of stocks that did a lot worse. Earnings today from AT&T – that stock was down just over 8%. I think there were also some worries concerning the slow growth of subscribers […]
USDCAD Daily Analysis – Thursday, Oct. 25
USDCAD rebounded strongly from 1.2969 after touching the bullish trend line on the 4-hour chart, suggesting that the pair remains in the uptrend from 1.2782. As long the price is above the trend line, the fall from 1.3132 could be treated as consolidation for the uptrend and another rise towards 1.3200 could be expected after […]
Indian Indices Continue Sell-Off; Sensex Down Over 320 Points
After opening the day in the red, share markets in India have continued their downtrend tracking the sell-off in the US stock markets. US stocks continued their downtrend, confirming a correction for the Nasdaq and erasing the Dow and the S&P 500’s gains for the year, as disappointing forecasts from chipmakers and weak home sales data fueled jitters about economic and profit […]
