Category Archive: Finance, No picture
What Your Dad Never Told You About Income Investing: Q & A
One of the biggest mistakes investors make is to ignore the “income purpose” portion of their investment portfolios… many don’t even realize that there should be such a thing.The second biggest mistake is to examine the performance of income securities in the same manner as they do “growth purpose” securities (equities). The following Q & […]
Weekly Unemployment Claims: Up 3K – Wednesday, Nov. 21
Here is the opening statement from the Department of Labor: In the week ending November 17, the advance figure for seasonally adjusted initial claims was 224,000, an increase of 3,000 from the previous week’s revised level. The previous week’s level was revised up by 5,000 from 216,000 to 221,000. The 4-week moving average was 218,500, […]
Does The Market Need A Heimlich Maneuver?
For all we know, the panic selling is Wall Street’s way of forcing the Fed’s hand: stop with the rates increases already or Mr. Market expires. Markets everywhere are gagging on something: they’re sagging, crashing, imploding, blowing up, dropping and generally exhibiting signs of distress. Does the market need a Heimlich Maneuver? Is there some way to […]
USDCAD Daily Analysis – Wednesday, Nov. 21
USDCAD broke above 1.3263 resistance and extended its upside movement from 1.2782 to as high as 1.3317. Further rise is still possible after a minor consolidation and next target would be at 1.3350 area. Support is at 1.3270, a breakdown below this level could bring the price back towards the bottom of the price channel […]
EUR/USD Enjoying The Silence, As Long As It Lasts
EUR/USD is recovering from the lows seen yesterday. A better market mood helps as news about Italy is awaited. The technical picture looks positive for the pair. EUR/USD is trading around 1.1400, up on the day as the market mood improves. Stocks, oil, and also Italian bonds are ticking higher after a down day on Tuesday. […]
What 2009’s Thanksgiving Taught Us About China’s Trade War Strategy
We’re going to tie something that we learned during 2009’s Thanksgiving to China’s trade war strategy with the U.S. in this article, but we first need to set the stage for that lesson by examining an alleged mistake that China’s leaders have made. China’s leaders are facing unexpected and very rare criticism from the nation’s former top […]
AUDUSD Daily Analysis – Wednesday, Nov. 21
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline to test l0.7164 support would likely be seen and a breakdown below this level could trigger further downside movement towards 0.7100. Resistance is at 0.7250, only a break of this […]
Crude Oil Prices May Bounce After Plunge On EIA Inventory Data
Crude oil prices swooned as global oversupply fears returned. The drop followed a report from S&P Global Platts saying China’s crude inventories quadrupled in October. It added that a further build is likely in November as demand wanes. Doubts about the potency of further OPEC supply cuts were already swirling, with the large restocking by the world’s second-largest […]
Sensex Trades In The Red; IT & Metal Stocks Drag
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.7% while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.1%. US stocks dropped, and the Nasdaq fell 1.7% on Tuesday. Back home, India share markets have opened the day on a negative note. The BSE Sensex is trading down by 101 points […]
