Category Archive: Finance, No picture
Sensex Ends Volatile Day In Green; Oil & Gas Stocks Lead Gains
After opening the day in red, share markets in India witnessed volatile trading activity throughout the day and ended the day in above the dotted line. Sectoral indices traded mixed, with stocks in the energy sector and stocks in the banking sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 97 points (up 0.3%) and the NSE Nifty closed up […]
Irobot Downgraded To Neutral From Overweight At Piper Jaffray
Piper Jaffray analyst Troy Jensen downgraded iRobot (IRBT) to Neutral with an unchanged price target of $90. The Roomba creator closed Friday up 92c to $106.06. The analyst continues to believe the robotic vacuum market is in a secular uptrend and that iRobot will “maintain its dominant position in the market.” However, Jensen has become […]
USD/CAD Daily Analysis – Monday, Oct. 8
USD/CAD broke above 1.2930 resistance and extended its upside movement to as high as 1.2954. Further rally is still possible and next target would be at 1.3050 area. Near term support is at 1.2880, only a breakdown below this level could trigger another fall towards 1.2700.
Will AmTrust CS Dividend Survive Enstar Merger?
This week I’m seeking a prestigious and long-term dividend paying stock from the financial services sector. Financial Services includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurance, Savings, and all such financial concerns. Today I’m reviewing a mid-cap insurance – property & casualty firm named AmTrust […]
GBPUSD Weekly Analysis – Sunday, Oct. 7
GBPUSD remains in the uptrend from 1.2661; the pullback from 1.3298 is likely consolidation for the uptrend. Another rise could be expected after the consolidation and the next target would be at the 1.3500 area. Near term support is at 1.2910, followed by 1.1850, only a break below these levels could signal completion of the […]
A Look At The Mortgage Market
This week the Dow Jones on Tuesday and Wednesday closed at all-time highs. That makes four new BEV Zeros in the BEV chart below in the past ten trading days, and that’s something I can’t complain about. If you compare the four all-time highs of last January in the daily bar chart below, with the […]
Are Bonds Setting A Trap?
The easiest way for U.S. bond markets to entice investors to abandon their obsession with a flattening yield curve—and whether it’ll soon invert—always was to steepen it. The spreads between 5y/10y and two-year yields have widened to 17bp and 30bp, respectively, about 10bp wider than at the end of August. More importantly, this move has […]
Weekly Economic And Political Timeline – Sunday, October 7
This week is likely to be dull, as there is very little important data scheduled for release compared to a typical agenda. There will be some key data concerning the U.S. Dollar and the British Pound. The market is likely to be most active on Thursday. Monday is a public holiday in the U.S.A., Japan, and […]
USDCAD Weekly Analysis – Sunday, Oct. 7
USDCAD extended its downside movement from 1.3385 to as low as 1.2782, breaking below 1.2887 support. As long as the price is below the bearish trend line on the daily chart, the downside movement could be expected to continue and the next target would be at the 1.2650 area. Only a clear break above the […]
Unemployment Rates By Occupation
For nearly two decades, there has been little change in the relative likelihood of unemployment in various industries. The lead chart is courtesy of the St Louis Fed study on Unemployment Rates by Occupation. This FRED graph shows the unemployment rates for various occupations. What’s striking is that, over the 18-year sample period, the ordering […]
