Category Archive: Finance, No picture
USD Strength Sends The EUR/USD Lower – Three Reasons
The EUR/USD is leaning lower as the US Dollar gains strength. Trump’s legal troubles fade away and the FOMC minutes take over ahead of the ECB minutes. The pair is not at overbought conditions anymore, but that does not imply an uptrend. The EUR/USD is trading in the mid 1.1500s, lower on the day. The US Dollar […]
Indian Indices Trade Marginally Higher; Healthcare Stocks Witness Buying
Share markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the capital goods sector and the healthcare sector witnessing maximum buying interest. The BSE Sensex is trading up by 53 points (up 0.1%), while the NSE Nifty is trading up by 4 points (up 0.04%). The BSE Mid Cap index is trading up by 0.1%, while the BSE […]
AUDUSD Daily Analysis – Thursday, August 23
AUDUSD broke below the bullish trend line on the 4-hour chart and dropped sharply to as low as 0.7286, suggesting that the upside movement from 0.7202 had completed at 0.7381 already. Further decline is still possible and next target would be at 0.7250 area. Resistance is at 0.7330, only a break of this level could […]
Crude Oil Prices May Stall After Largest Daily Gain In 2 Months
Crude oil prices enjoyed a spirited advance yesterday, with a series of supportive catalysts offering on-going support for what became the largest one-day gain in two months. First, Chinese energy giant Sinopec said it will not import any more oil from the US or Iran in the second half of the year, predicting 3-5 percent drop in crude […]
Sensex Opens In Green; Healthcare & FMCG Stocks Gain
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.2% while the Hang Seng is down 0.8%. The Shanghai Composite is trading down by 0.3%. US stocks were mixed on Wednesday, with the Nasdaq gaining on the strength of tech stocks while the S&P 500 was little changed as it marked its longest bull-market run. […]
Tariff Threats Yet Still Record Highs
Tariff Threats – Again I’m amazed at how the market isn’t reacting to the tariff threats President Trump is making since he has already implemented some small ones. At a campaign rally in West Virginia, President Trump repeated his threats to tax European cars. He said, “We’re going to put a 25 percent tax on […]
Can The Market Live On Canned Rations?
Scientists who worked on atomic weapons in the 1940s prepared for the worst with survival rations. Cans of flour, biscuits, crackers, and water were stockpiled. Although not an ideal diet, bread and water will at least help one prevent starvation and dehydration. Yesterday, the market made new all-time highs. Like the creation of an atomic […]
Top 5 Charts Of The Week – Wednesday, August 22
This week: The long-term consensus outlook for US earnings has soared to a post-dot-com-record USD, EMFX, Asian FX, and the USDCNY – the big moves and what to expect next EM vs DM equities – a familiar long-term pattern unfolding for relative performance Global equity valuations (PE10 aka CAPE) – where is the relative value? […]
