Category Archive: Finance, No picture
Sensex Extends Losses; FMCG Stocks Top Losers
After opening the day flat, share markets in India witnessed negative trading activity throughout the day and ended well below the dotted line. Sectoral indices ended the day in red, with stocks in the FMCG sector and stocks in the consumer durables sector leading the losses. At the closing bell, the BSE Sensex stood lower by 139 points (down 0.4%) and the NSE Nifty closed […]
EUR/USD Under Pressure Double-bottom In Danger
The EUR/USD ended its recovery and began another European morning with a drop. Concerns about EM, Italy, and trade dominate. The technical picture is bearish with a crucial double-bottom watched. The EUR/USD is trading in the mid-1.1500s, down on the day but at similar levels to those seen in Tuesday’s European session. The US Dollar […]
BTC/USD Forex Signal – Wednesday, Sept. 5
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 can be entered until 5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch of $7,333 […]
The Next Economic Collapse Could Start In Fall 2018
Video Length: 00:28:20 I speak with Michael Pento of Pento Portfolio Strategies about the possibility of an economic collapse happening as early as Fall 2018. In this interview, Michael shares the rationale for his forecast and why gold and silver are the assets to accumulate now. He sees Fed rate hikes coming to an end for if […]
Housing Wipe-Out: No Bids Or Even Bidders At Numerous Australia Housing Auctions
The numbers of potential bidders in recent housing auction in Australia dropped to less than one. Most did not bid. It’s a Housing Wipe-Out in Australia. Bidders per auction: 0.7 – a very negative stat for the start of the Spring market. 10 auctions in Bayside: 3 bidders in total. 13 auctions in Stonnington and if you […]
USDCAD Daily Analysis – Wednesday, Sept. 5
USDCAD’s upside movement from 1.2887 extended to as high as 1.3207, breaking above 1.3174 resistance. Further rise is still possible after a minor consolidation and next target would be at 1.3250 area. Near-term support is at 1.3120, only a breakdown below this level could signal completion of the uptrend.
Sensex Trades Weak; Consumer Durables & Realty Stocks Drag
Stock markets in India fell in the afternoon trading session following losses in global markets and a weaker rupee. Losses are largely seen in consumer durables stocks and realty stocks. The BSE Sensex is trading down by 195 points and the NSE Nifty is trading down by 73 points. Meanwhile, the BSE Mid Cap index is trading down by 1.5% while, the BSE Small Cap index is trading […]
Gold Looking Like “Dead Money”
The following is a summary of our interview with Louise Yamada of LY Advisors, which can be listened to on our site here or on iTunes here. Global slowdown concerns are picking up, says Yamada, and the nearly four-decade downtrend in falling interest rates is at an end. The implications for investors are important and Yamada recently shared […]
Markit Manufacturing PMI: Strong Growth In August
The August US Manufacturing Purchasing Managers’ Index conducted by Markit came in at 54.7, down slightly from the 55.3 final July figure. Markit’s Manufacturing PMI is a diffusion index: A reading above 50 indicates expansion in the sector; below 50 indicates contraction. Here is an excerpt from Chris Williamson, Chief Business Economist at IHS Markit […]
