Category Archive: Finance, No picture
USDCAD Daily Analysis – September 17, 2018
USDCAD is facing the resistance of the price channel on the 4-hour chart. As long as the channel resistance holds, the bounce from 1.2975 could be treated as consolidation for the downtrend from 1.3226 and further decline towards 1.2887 support could be expected after the consolidation. Only a clear break above the channel resistance could […]
Sensex Trades 390 Points Lower; Reliance & HDFC Underperform
Stock markets in India are trading over 1% lower taking cues from their global peers, which fell amid reports that the US was about to announce a new round of tariffs on Chinese imports. Losses are largely seen in bank stocks and FMCG stocks. The BSE Sensex is trading down by 384 points and the NSE Nifty is trading down by 102 points. […]
Trading The Global Future
The Trump administration’s ‘America First’ policies come at a critical time in the global economy. These bad policies will have adverse consequences in international trade. In the absence of countervailing forces, they could unsettle the post-2008 global recovery and undermine postwar globalization. This summer, the Trump administration’s tariff war penalized $50 billion worth of goods […]
Would You Pay 11X For Tesla?
Would you pay an 11 PE for Tesla stock? Why not, right? Ford and GM trade at low multiples. But Tesla’s about to have blowout earnings growth starting in Q3 as per their guidance. We’re at about $27.00 in earnings for 2019 when factoring in 1) the gross margin ramp they saw in S&X in […]
Forex Forecast: Pairs In Focus – Sunday, Sept.16
The difference between success and failure in Forex trading is very likely to depend upon which currency pairs you choose to trade each week, and not on the exact trading methods you might use to determine trade entries and exits. Each week I am going to analyze fundamentals, sentiment and technical positions in order to […]
Yuan Looks To Resumed Trade Talks, Summer Davos Forum For Outlook
FUNDAMENTAL FORECAST FOR CNH: Bearish CHINESE YUAN TALKING POINTS: China seek to retaliate US through sanctions, amid resumed trade talks yet with uncertainties. Weak Fixed Assets Investment reveals concerns on the effectiveness of China’s fiscal policy. China’s Premier Li will speak at Summer Davos Forum and may provide clues to the economic outlook. The Chinese Yuan […]
China May Cancel Trade Talks If Trump Extends Tariffs
After Trump reached out to China offering trade talks, he then gave the go-ahead for more tariffs. China may back out. On September 13, the Trump administration reached out to China with an offer for more trade talks. The WSJ reported the “Trump administration said it sensed a new vulnerability—and possibly more flexibility—among Chinese officials […]
Owens-Illinois Jumps After Atlantic Investment Calls For Sale Of European Unit
Shares of Owens-Illinois (OI) rallied during the Friday session after Atlantic Investment Management sent a letter to the company’s board urging it to sell its European business and use the proceeds to repurchase shares and pay down debt. WHAT’S NEW: Atlantic Investment disclosed in a regulatory filing that it had sent a letter to Owens-Illinois […]
Emerging Markets: Preview Of The Week Of Sept. 17-21
EM FX ended mixed in Friday, capping off an up and down week. RUB and TRY initially firmed on their respective rate hikes but gave back some of those gains heading into the weekend. Trade tensions are likely to remain high, as press reports suggest President Trump is pushing ahead with tariffs on $200 billion […]
