Category Archive: Finance, No picture
BTC/USD Forex Signal – Thursday, Sept. 6
Yesterday’s signals were not triggered, as there was no bullish price action at $7,333 or $7,128. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered before 5pm Tokyo time, during the next 24-hour period. Long Trades Long entry after a bullish price action reversal on the H1 time frame following the next touch […]
Indian Indices Chart Turnaround; Pharma Stocks Top Gainers
After opening the day in green, share markets in India witnessed positive trading activity throughout the day and ended the day in green. Sectoral indices too ended the day in green, with stocks in the pharma sector and stocks in the FMCG sector leading the gains. At the closing bell, the BSE Sensex stood higher by 225 points (up 0.6%) and the NSE Nifty closed […]
Link Between Inflation & Output Gap
The simplest explanation as to why stocks are having a solid year in 2018 is because inflation has been tepid. Inflation is high enough to push real wage growth negative and come close to matching the cycle high, but it isn’t high enough to cause the Fed to hike rates quickly. The economy is in the 9th year of […]
EUR/USD: Trump’s Tariffs May Limit Any Gains
The EUR/USD holds onto high ground, buoyed by Brexit optimism. Markets await an announcement by the US on new China tariffs. The technical picture has improved for the pair. The EUR/USD is trading above 1.1600, holding onto some of the gains recorded on Wednesday. Reports about a breakthrough in Brexit talks sent the Pound shooting higher, […]
USDCAD Daily Analysis – Thursday, Sept. 6
USDCAD remains in the uptrend from 1.2887. Further rise is still possible and next target would be at 1.3300 area. Near-term support is at 1.3120, only a breakdown below this level could bring the price back towards 1.3000.
Sensex Trades Flat; Aurobindo Pharma Surges 5.7% On Acquisition News
Stock markets in India pared gains to turn flat as the rupee continues to remain weak after 6 straight sessions of fall. Losses are largely seen in metal stocks and FMCG stocks. The BSE Sensex is trading up by 47 points and the NSE Nifty is trading up by 6 points. Meanwhile, the BSE Mid Cap index and the BSE Small Cap index both are trading flat. […]
Top 5 Charts Of The Week – Thursday, Sept. 6
This week: The global manufacturing PMIs – a synchronized slowdown The path of the big 3QE central banks as the big monetary experiment comes full circle The impact of Fed rate hikes on EM central banks – forced tightening Valuation and positioning for the GBPUSD exchange rate – undervalued and oversold What’s going on with […]
Cryptos Crushed: And When Bitcoin Catches A Cold, The Altcoins Catch Pneumonia
Cryptocurrencies repeat their recent pattern. When Bitcoin drops, the Altcoins get smashed. In the short while it took to finish this article (about one hour), all the cryptos were smashed. And when Bitcoin catches a cold, the Altcoins catch Pneumonia. This was my lead chart right as I was about ready to post this piece. […]
Crude Oil Prices Take Aim At Trend Support, EIA Data On Tap
Broad-based risk aversion weighed on sentiment-sensitive crude oil prices Wednesday, with the WTI contract following the bellwether S&P 500 downward. Technology shares led the way lower amid concerns that Congress may opt to begin regulating social media. API inventory flow data compounded downside pressure, showing inventories shed a relatively modest 1.17 million barrels last week. Meanwhile, gold prices corrected higher as the US Dollar pulled back […]
AUDUSD Daily Analysis – Thursday, Sept. 6
AUDUSD moved sideways in a trading range between 0.7144 and 0.7235. As long as 0.7235 resistance holds, the downside movement from 0.7381 could be expected to continue and next target would be at 0.7100 area. On the upside, a breakout of 0.7235 resistance would indicate that the downside movement had completed at 0.7144 already, then […]
