Category Archive: Finance, No picture
Gold, Oil And US Indices All In Focus In The US Session
More excellent VPA lessons in this week’s video during the US session as David and I focus on commodities, indices and stocks, and in this session we start with gold which had one of its best days for many weeks, with the two drivers of USD weakness and a flight to safe haven, all helping […]
Sensex Down 129 Points; Telecom And Auto Stocks Witness Selling
Share markets in India are presently trading on a negative note. Sectoral indices are trading on a mixed note, with stocks in the telecom sector and automobile sector witnessing maximum selling pressure. The BSE Sensex is trading down by 129 points (down 0.4%) and the NSE Nifty is trading down by 46 points (down 0.4%). Meanwhile, the BSE Mid Cap index is trading down by 0.5%, […]
E Leading Diagonal On USDNOK
On the USDNOK pair, I was observing an idea of Elliott wave leading diagonal that started to unravel from the lows of 2018 and looks to have found a top near the 8.530 region. A confirmation for a top is the following three-wave drop that occurred from the highs, which can be a blue wave […]
Turkey’s Latest Mystery: Who Is Bailing Out The Banks?
Back in 2014, Turkey emerged as the “mystery” hub in what at the time may have been the most bizarre money laundering scheme ever (which also included China and Dubai), and involved some 200 tons of “secret” gold shuffled to Iran in order to allow the sanctioned nation to avoid US sanctions while continuing to export oil […]
Gold Prices May Fall As Cooling Italy Fears Boost Yields, US Dollar
Gold prices surged as turmoil in Italy soured risk appetite, weighing on bond yields and boosting the relative appeal of non-interest-bearing assets epitomized by the yellow metal. The markets scrambled after Italian lower house budget committee head Claudio Borghi said Rome could solve its fiscal problems if it were to have its own currency. Crude oil prices languished in digestion […]
AUDUSD Daily Analysis – Wednesday, Oct. 3
AUDUSD extended its downside movement from 0.7314 to as low as 0.7162. Resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could be expected to continue and next target would be at 0.7100 area. Only a clear break above the trend line […]
Japan Economy Shows Signs Of Improvement: ETFs In Focus
Industrial production in Japan was up 0.7% sequentially in August. Though the reading was below economists’ median estimate of 1.5%, it was the first output rise in four months as factories in Japan resumed work after heavy flood and rains. On the release of the data, the Ministry of Internal Affairs and Communication’s (METI) assessment […]
E Fed Abandons R-Star While Trump Caves In
The Federal Reserve and Donald Trump live in strange worlds. We need to examine those worlds. We know that the Fed has abandoned the r* (R-star) and Trump fortunately caved in to Canada. We know that for Donald Trump and his cronies, as the Doors song goes, women seem wicked when they are unwanted. His […]
Clues From The Past: Market Valuation, Inflation, Treasury Yields
Note: The charts in this commentary have been updated to include the latest monthly data. Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a “normal” market environment — one with conventional business cycles, Federal Reserve policy, interest rates and inflation — […]
Wall Street Bulls To Flourish In Q4: 5 Solid Growth Picks
The Wall Street bull-run, which entered its longest ever expansionary phase on Aug 22, is showing no signs of abatement. Despite trade war concerns, a robust U.S. economy and strong earnings results boosted investors’ confidence in the stock markets. Strong economic fundamentals have once again aided market participants’ appetite for relatively risky assets like equities. […]
