Category Archive: Finance, No picture
E LTCUSD And ETCUSD Looking Bearish
LTCUSD made a beautiful drop from the former wave (4) swing high, that was found at 61.74 level. The current weakness we regard as wave (5) of three, that can look for a low and a temporary bullish reversal near the 47.500/46.000 region where the Fibonacci projection ratio of 61.8 and the lower channel line […]
Brief Respite But Little Relief
Corrective pressures grip the capital markets today, helped by the easing of the selling pressure on Turkey, but its more a respite than a relief as no new policy initiatives are behind the lira’s upticks. The implication of this is that it is unlikely to last. In fact, the dollar’s low in early Europe a […]
Sensex Up Over 240 Points; Rupee Touches Record Low
After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the IT sector, realty sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 242 points (up 0.6%) and the NSE Nifty is trading up 81 points (up […]
USDCAD Daily Analysis – Tuesday, August 14
USDCAD stays above a bullish trend line on the 4-hour chart and remains in the uptrend from 1.2961. As long as the price is above the trend line, the fall from 1.3170 could be treated as consolidation for the uptrend, and further rise towards 1.3250 is still possible after the consolidation. Only a clear break […]
Gold Prices Plunge As Easing Market Panic Boosts Bond Yields
Gold prices sank to the lowest level in 19 months as the US Dollar held onto its crisis-inspired gains while Treasury bond yields recovered. That undercut support for non-interest-bearing assets epitomized by the yellow metal. Rates edged up as the dust began to settled after Friday’s bloodletting in emerging markets spilled over into broader risk aversion. Turkey’s central bank announced an […]
AUDUSD Daily Analysis – Tuesday, August 14
AUDUSD’s downside movement from 0.7453 extended to as low as 0.7256. Further decline is still possible and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could signal completion of the downtrend.
Sensex Opens In Green; Metal & Realty Stocks Gain
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 1.2% while the Hang Seng is down 1%. The Shanghai Composite is trading down by 0.4%. US stocks dropped on Monday as global jitters from Turkey’s plummeting currency spread to Wall Street, with the S&P 500 and the Dow falling for the fourth session in a […]
Macro Conditions May Enhance Short-term Predictability Of The Shiller P/E
King of the Mountain: The Shiller P/E and Macroeconomic Conditions Robert D. Arnott, Denis B. Chaves, and Tzee-man Chow Journal of Portfolio Management A version of this paper can be found here What are the research questions? Is there a relationship between real yields and short-term market valuation? Is there a relationship between inflation rates and […]
Best And Worst Performing Sectors On Earnings
More than 2,000 companies have now reported their Q2 earnings results since early July, including 422 S&P 500 companies. Below we show the average one-day price change for stocks on their earnings reaction days broken out by sector and whether the stock is in the S&P 500 or not. The average S&P 500 stock that […]
