Category Archive: Finance, No picture
Sensex Trades Lower; IT & Power Stocks Drag
Stock markets in India continued trading lower in the afternoon session weighed down by IT stocks and power stocks. The BSE Sensex is trading lower by 133 points (down 0.4%), and the NSE Nifty is trading lower by 39 points (down 0.4%). Meanwhile, the BSE Mid Cap index and the BSE Small Cap index are trading up by 0.5% & 0.2% respectively. The rupee is trading at […]
Acme United Price Dropped. Time To Buy The Dip?
This week I’m seeking a prestigious and long-term dividend-paying stock from the consumer defensive sector. Today I’m reviewing a nano-cap tools and accessories company, named Acme United Corporation. Its trading ticker symbol is ACU. Acme United Corp is a supplier of cutting, measuring, first aid and sharpening products to the school, office, hardware, sporting goods […]
Markets Volatility
A discussion about the Fed, stock volatility, the Uber IPO and cannabis stocks. Video Length: 00:06:42
Final GDP Estimates For GDPNow And Nowcast Tick Lower
Early in the quarter, there was talk of a Trumpian 5% GDP in the third quarter. The low- to mid-3s is more likely. Compared to early projections, more believable GDP forecasts are now in the works, at least for GDPNow. I suspect GDPNow is still a bit high, and Nowcast more than a bit low. […]
Gold Prices Struggle To Capitalize On Market Meltdown
Gold prices tiptoed lower while crude oil prices rose tepidly with stocks amid a brief interlude in the broad-based risk appetite collapse defining financial markets this week (as expected). These moves’ corrective character was made plain soon enough however as sentiment soured anew in Asia Pacific trade. Regional shares plunged and the WTI benchmark followed. Gold probed higher as […]
Fresh Lows For EUR/USD On The Cards As Heavy Clouds Darken
The EUR/USD is making another attempt to recover in what seems like a dead cat bounce. Risk off is back after a short break, with Italy and US GDP in the spotlight. The technical picture is very bearish and indicates further falls. The EUR/USD trades below 1.1400 after setting a new 10-week low at 1.1358. The market […]
AUDUSD Daily Analysis – Friday, Oct. 26
AUDUSD stays in a falling price channel on the 4-hour chart and remains in the downtrend from 0.7159. Deeper decline to test 0.7041 support is still possible and a breakdown below this level could trigger further downside movement to 0.6900 area. Key resistance is at 0.7106, only a break of this level could signal completion […]
Sensex Opens Over 215 Points Down; Yes Bank & NTPC Top Losers
Asian stocks are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.4% while the Hang Seng is down 1.1%. The Nikkei 225 is trading down by 0.2%. US stocks jumped on Thursday, giving the Nasdaq its biggest daily gain since March, as Microsoft’s upbeat earnings spurred a rebound in technology names and investors snapped up oversold […]
E The Fed’s Shift From Quantitative Easing To Quantitative Tightening Has Increased Long-Term Interest Rates
The following chart was extracted from the October 10th Daily Shot report from the Wall Street Journal. As the chart illustrates, the Federal Reserve shifted into its quantitative tightening (QT) mode last year. At the same time, the ECB began to reduce its purchases of securities in March of 2017, and the complete ending of […]
The “Real” Goods On The September Durable Goods Data – Thursday, Oct. 25
This morning, the Census Bureau posted the Advance Report on the latest Durable Goods New Orders. This series dates from 1992 and is not adjusted for either population growth or inflation. Let’s now review Durable Goods data with two adjustments. In the charts below the gray line shows the goods orders divided by the Census Bureau’s monthly […]
