Category Archive: Finance, No picture
Gold Prices May Fall Further After Breaking Chart Support
Gold prices plunged as renewed worries about the impact of a Fed-driven rise in global borrowing costs weighed on emerging market assets and stoked broader risk aversion. That fueled haven demand for the US Dollar, pressuring the perennially anti-fiat yellow metal. The US unit and Treasury yields rose while gold suffered alongside the bellwether S&P 500 equities index […]
AUDUSD Daily Analysis – Wednesday,
AUDUSD broke below 0.7165 support, suggesting that the downside movement from 0.7381 has resumed. Further decline is still possible in the coming days and next target would be at 0.7100 area. Resistance is at 0.7235, only a break of this level could signal completion of the downtrend.
Sensex Opens Marginally Higher; Pharma Stocks Witness Buying
Asian shares are trading on a negative note today. The Nikkei 225 is down 0.35% while the Shanghai Composite is trading down by 0.93%. Back home, India share markets opened the day marginally higher. The BSE Sensex is trading up by 34 points (up 0.1%) while the NSE Nifty is trading flat. The BSE Mid Cap index is trading down by 0.3%, while the BSE Small Cap […]
Half A Decade Later, Here We Are Confused Again
These things are processes. They take time, a lot of time. Given that, I keep coming back to what might otherwise seem an absurd idea. The best-case scenario for all of us just might be a global crash, one that would make 2008 blush. At least then it might afford the world the benefit of unambiguousness. We […]
New York Times Forecasts The 2014-16 Energy Sector Collapse
One official says the shale industry may be “set up for failure.” “It is quite likely that many of these companies will go bankrupt,” a senior adviser to the Energy Information Administration administrator predicts. This is from the New York Times. However, it wasn’t part of The Next Financial Crisis Lurks Underground, Bethany McLean’s recent article […]
Governments Quickly Changing Their Tune On Blockchain
All Over The World, Governments Are Seeing Enormous Potential In Enterprise Blockchain Applications Go back five years or so and you’d be hard-pressed to find any government endorsing blockchain1 technology, and many were (and still look to be) openly hostile to cryptocurrencies. That posture is now shifting—quickly. An hour-long TV special aired in China last week, […]
Slowing Australia GDP To Keep AUD/USD Rate Under Pressure
TRADING THE NEWS: AUSTRALIA GROSS DOMESTIC PRODUCT (GDP) Australia’s Gross Domestic Product (GDP) report may fuel the recent weakness in AUD/USD as the growth rate is expected to slow to 2.8% from 3.1% during the first three months of 2018. Signs of a less-robust economy may encourage the Reserve Bank of Australia (RBA) to keep the official […]
World Markets Update – Tuesday, Sept. 4
Three of eight indexes on our world watch list have posted gains through Monday, August 27, 2018. The top performer this year is India’s BSE SENSEX with a gain of 12.85%. In second is our own S&P 500 with a gain of 8.34%. In third is France’s CAC 40 with a gain of 0.57%. Coming […]
FANG Stocks Remain Market Leaders (No Matter What People Say)
When Jim Cramer and I came up with the FANG acronym (for Facebook, Amazon, Netflix and Google) back in early 2013, we had no idea the concept would take off like it did. Despite the naysayers, the FANG stocks remain market leaders. We reviewed this group in February and found that these stocks were collectively […]
