Category Archive: Finance, No picture
Sensex Ends 224 Points Lower; Banking And Energy Stocks Witness Selling
Indian share markets continued to trade in the red during the closing hours of the trading session and ended the day on a negative note. Losses were largely seen in the energy sector and banking sector. At the closing bell, the BSE Sensex stood lower by 224 points (down 0.6%) and the NSE Nifty closed lower by 74 points (down 0.7%). The BSE Mid […]
E Markets: Another War?
We started with trade wars, moved to currency wars and now are in economic war. Turkish President Erdogan uses the term as he rails like King Lear against the storm. The difference maybe just words but the sentiment is that all tools are available for retaliation. The sanctions from the US on Russia and Turkey […]
OpenText Software: Better To Manage Random Info
Today I’m reviewing a large-cap software – application firm by the name of Open Text Corporation. Its trading ticker symbol is OTEX. Open Text Corp develops and sells enterprise information management (EIM) software. The company offers EIM software that allows clients to archive, aggregate, retrieve, and search unstructured information the better to manage it. In […]
Emerging Market Crisis Beckons As Currencies Shudder Amid Lira Drop
Since April, when the dollar finally shook off the stigma from America’s deteriorating fiscal outlook on the way to rallying behind hawkish Fed policy and a favorable shift in rate differentials, questions about the resiliency of emerging markets have popped up time and again. “Monetary stimulus by the Fed and other advanced economies played a […]
Japan’s GDP: In The Sweet-Spot
Japan’s GDP report was a nice, positive surprise. Real GDP accelerated 1.9% in the April–June quarter, which was about half a percent better than consensus expectations. After the contraction in the previous quarter, this suggests an underlying growth rate of around 1% so far this year. This is right around Japan’s growth potential—fast enough for corporate profits […]
BTC/USD Forex Signal – Monday, August 13
Last Thursday’s signals produced a mildly profitable trade following the very large outside candlestick which rejected the identified support level at $6,178 on the hourly chart last Thursday. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Go […]
Sensex Trims Losses; Rupee Hits Record Low
Stock markets in India trimmed some of their morning losses and are now trading slightly lower amid weak global cues and as Rupee hit its record low against the dollar. Losses are largely seen in bank stocks and PSU stocks. The BSE Sensex is trading down by 140 points and the NSE Nifty is trading down by 40 points. Meanwhile, the BSE Mid Cap index […]
USDCAD Daily Analysis – Monday, August 13
USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.
Turkey’s Crisis Could Send Euro Lower
The crumbling of Turkey’s economy could drag eurozone down, short EUR/USD? Turkish Lira went into freefall last Friday after President Trump slapped tariffs on Turkey’s steel exports. The trouble Turkey is facing is not just a localized issue, but a contagious one. European Central Bank is worried about non-hedged exposure of European banks to Turkish […]
Crypto Bubble Unwind Images: Fast In Altcoins, Slower In Bitcoin
Ripple, the number three cryptocurrency is down 89% from the top, Ethereum 76%, Bitcoin 67%. The cryptocurrency bubble is unwinding rapidly from the bottom up. Bitcoin is holding up the best. Here’s a set of images of the three leading cryptos. I created the charts at approximately 1:00 PM on August 11. Bitcoin the Top […]
