Category Archive: Finance, No picture
Weak ISM Manufacturing Survey To Curb EUR/USD Losses
Updates to the ISM Manufacturing survey may curb the recent selloff in EUR/USD as the index is expected to narrow to 57.6 from 58.1 in July. Another downtick in business sentiment may drag on the U.S. dollar as it dampens the outlook for growth and inflation, and a dismal development may cast doubts for four rate-hikes in 2018 as […]
Indian Indices End Volatile Day In The Red; IT Stocks Buck Trend
After opening the day in green, share markets in India witnessed volatile trading activity throughout the day and ended the day flat. Sectoral indices ended the day mixed, with stocks in the telecom sector leading the gains, while stocks in the consumer durables sector lost the most. At the closing bell, the BSE Sensex stood lower by 155 points (down 0.4%) and the NSE […]
BTC/USD Forex Signal – Tuesday, September 4
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 may only be entered before 5pm Tokyo time, during the next 24-hour period. Long Trade Long entry after a bullish price action reversal on the H1 time frame following the next touch of $7,128. […]
Summer Ends And Winter Comes For EUR/USD
The EUR/USD resumes its falls as US traders end their summer vacations. Concerns about emerging markets, tariffs on China, and Italy weigh. The technical charts show bears are regaining control. The EUR/USD is falling below 1.1600 on Tuesday after a slow-motion day on Monday. American traders are back to school after a long Labor Day weekend. The […]
USDCAD Daily Analysis – Tuesday, September 4
USDCAD extended its upside movement from 1.2887 to as high as 1.3112, breaking above 1.3103 resistance. Further rise is still possible and next target would be at 1.3174 resistance. Near-term support is at 0.3040, only a breakdown below this level could bring the price back towards 1.2950.
India Accepts Oil From Iranian Tankers: First Major Crack In Trump Sanctions
India puts the first major crack in Trump’s Iranian sanction play. What’s next? Reuters reports India allows state refiners to use Iran tankers, insurance for oil imports. India is allowing state refiners to import Iranian oil with Tehran arranging tankers and insurance after firms including the country’s top shipper Shipping Corp of India (SCI) halted voyages […]
Sensex Trades Flat; HUL & Asian Paints Top Losers
Stock markets in India are trading flat as the rupee fell to its record low for third straight session amid global tensions. Losses are largely seen in FMCG stocks and metal stocks. The BSE Sensex is trading up by 45 points and the NSE Nifty is trading down by 4 points. Meanwhile, the BSE Mid Cap index is trading down by 1.2% while, the BSE […]
Australian Dollar: A Monetary Policy Statement Made For A Currency Rebound
In recent weeks, I have seen calls for the Reserve Bank of Australia (RBA) to cut interest rates. It’s important to remember when the RBA moves to cut interest rates, there will probably be two (or more) 25bp moves. As my mate Saul Eslake once noted, interest rate changes are like cockroaches, when you get […]
AUDUSD Daily Analysis – Tuesday, September 4
AUDUSD remains in the downtrend from 0.7381, the bounce from 0.7165 is likely consolidation for the downtrend. Range trading between 0.7165 and 0.7250 would likely be seen in a couple of days. Support is at 0.7165, a breakdown below this level could trigger further downside movement towards 0.7100.
Crude Oil, Gold Prices May Edge Up As The US Dollar Backtracks
Commodity prices marked time Monday as market closures in the US and Canada sapped liquidity and undermined directional conviction. Crude oil and gold prices managed narrow gains in what looked like a retracement of prior sentiment-driven losses but near-term trading ranges remained firmly intact. CRUDE OIL, GOLD MAY RISE AS US DOLLAR RETRACES Looking ahead, the US manufacturing ISM survey is in […]
