Category Archive: Finance, No picture
USDCAD Daily Analysis – Wednesday, Oct. 17
USDCAD extended it downside movement from 1.3071 extended to as low as 1.2915, breaking below 1.2926 support. Further decline could be expected and next target would be at 1.2800 area. Resistance is at 1.3000, only a breakout of this level could trigger another rise towards 1.3100.
Sensex Trades On A Volatile Note; Auto, Realty Stocks Drag
After opening the day in green share markets in India are trading on a dull note and are presently trading marginally above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the FMCG sector and stocks in the pharma sector witnessing maximum buying interest. The BSE Sensex is trading up by 70 points (up 0.2%) and the NSE Nifty is […]
Gold Strong Trend Could Reverse As Risks Ease
On Monday last week, the International Monetary Fund (IMF) released a report showing that the world economy would see a lower growth than had been expected. For 2019, the growth was lowered to 3.7% from the previous 3.9%. This was a big deal because previously, the expectations from investors was that the economic growth would […]
AUDUSD Daily Analysis – Wednesday, Oct. 17
AUDUSD extended its upside movement from 0.7041 to as high as 0.7151. Further rally could be expected in a couple of days and next target would be at 0.7200 area. Support is at 0.7095, only a breakdown below this level could take the price back to test 0.7041 support.
4 Utility Funds To Take Refuge From Market Mayhem
After registering record declines on Oct 10, all the three key U.S. indexes posted significant losses for the week ended Oct 12. Higher bond yields and renewed fears of a trade war may find investors scurrying toward safe-haven sectors that have already emerged as preferred investments. One of the most-popular, safe-haven sectors is utilities. This […]
How To Hedge Stock Volatility With ETFs
The global stock market is caught in a vicious circle of uncertainty arising from rising interest rates, intensifying trade tension between the United States and its allies, ongoing troubles in emerging markets, and mid-term election in November. Additionally, fresh threats of Saudi turmoil added to the chaos as the disappearance of Washington Post columnist Jamal […]
The Big Four Economic Indicators; Industrial Production Up 0.3% In September
Note: This commentary has been updated to incorporate the September data for Industrial Production. Official recession calls are the responsibility of the NBER Business Cycle Dating Committee, which is understandably vague about the specific indicators on which they base their decisions. This committee statement is about as close as they get to identifying their method. There is, however, […]
3 Stocks To Buy Ahead Of Q3 Earnings: PYPL, AXP, ETFC
Bank earnings helped kick off the busy part of third-quarter earnings season late last week. The week of October 15 is also chock-full of major earnings reports from giants like Netflix (NFLX – Free Report) and Morgan Stanley (MS – Free Report). With that said, let’s look at three other companies that seem like buys ahead of their quarterly […]
US Equities Mount Impressive Early Recovery
As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires. This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week’s price collapse. We’ve read everything from […]
