Category Archive: Finance, No picture
Morning Call For Wednesday, Sept. 12
Overnight Markets And News Sep E-mini S&Ps (ESU18 -0.03%) this morning are up +0.06% on strength in energy stocks and optimism a trade deal with Canada can be reached. Energy stocks rose with Oct WTI crude oil (CLV18 +0.81%) up +0.88% at a 1-week high on signs of tighter supplies after API data late Tuesday showed U.S. […]
Sensex Ends 305 Points Higher; FMCG & Metal Stocks Witness Buying
After opening their day on a positive note, Indian share markets gave up some of their earlier gains and ended their session marginally higher. Gains were largely seen in the FMCG sector and metal sector, while realty stocks and banking stocks ended the day lower. At the closing bell, the BSE Sensex stood higher by 305 points (up 0.8%) and the NSE Nifty closed higher by 82 points […]
Goldman Downgrades Micron To Neutral On Weaker NAND, DRAM Fundamentals
Goldman Sachs analyst Mark Delaney downgraded Micron Technology (MU) to Neutral from Buy and lowered his price target for the shares to $50 from $68. The stock closed yesterday down 3%, or $1.10, to $42.50. The analyst, who is not making a call on the upcoming fiscal Q4 results on September 20, sees weaker fundamentals […]
Renting Preferred Over Buying: Industrial ETFs In Focus
Recent times have seen a shift in U.S. housing market sentiments as renting is being preferred over buying. As per research conducted by Florida Atlantic University and Florida International University faculty, in 16 out of 23 major metropolitan cities, renting has outperformed ownership. These cities include Atlanta, Dallas, Denver, Houston, Los Angeles, Miami, San Francisco, and Seattle. […]
Nucor Knows And Does Every Phase Of Steelmaking
The materials sector includes thirteen industries all related to mining, making and delivering essential commodities. The industries are: agricultural inputs; aluminum; building materials; chemicals; coal; copper; industrial metals and minerals; paper; silver; specialty chemicals; steel. Today I’m reviewing a large-cap steel firm named Nucor Corporation. It’s trading ticker symbol is NUE. This is my first […]
USD/CAD Weekly Analysis – Wednesday, Sept. 12
USD/CAD dropped sharply to as low as 1.3041. However, as long as 1.3000 support holds, the fall from 1.3226 could be treated as consolidation for the uptrend from 1.2887 and another rise towards 1.3350 is still possible after the consolidation.
Lagarde Warns Of Emerging Market And Low-Income Shocks By Trade War With China
IMF chief Christine Lagarde warns of emerging market and low-income shocks if Trump escalates his trade war with China. Please consider Emerging Markets Threatened by US-China Trade War. The intensifying trade war between China and the United States could “shock” emerging markets that are already in danger, the head of the International Monetary Fund said in […]
AUD/USD Daily Analysis – Wednesday, Sept. 12
AUD/USD extended its downside movement from 0.7381 to as low as 0.7085. Further decline is still possible after a minor consolidation and next target would be at 0.7000 area. Resistance levels are at 0.7131 and 0.7190, only break above these levels could signal completion of the downtrend.
Sensex Trades Rangebound; Axis Bank & Tata Motors Fall
Stock markets in India are trading flat as the rupee stabilized after hitting a record low of Rs 72.91 against US dollar amid weak global markets. Losses are largely seen in realty stocks and energy stocks. The BSE Sensex is trading up by 8 points and the NSE Nifty is trading down by 4 points. Meanwhile, the BSE Mid Cap index is trading down by […]
Crypto Update – Are We Near A Bottom For Bitcoin?
Ryan Wilday, Cryptocurrency technician at ElliotWaveTrader.net, shares what his updated technicals are telling him about the ongoing sell-off in Bitcoin and cryptocurrencies across the board. While he still has some lower targets there is a set up that shows a bottom is close. (Audio length 00:08:51)
