Category Archive: Finance, No picture
E Forex Analysis Of GBP/USD For Tuesday, August 7
First, we look into the previous day trade and what happened on August 6, 2018, and the GBP/USD pair opened at 1.30047 and went high at 1.30060 and gone to low at 1.29193 and finally closed at 1.29423. The calculated pivot point for the day is 1.29766. The difference between high and low was nearly […]
Sensex Ends Marginally Lower; Metal Stocks Witness Buying
Indian share markets continued to witness volatility during the closing hours of the trading session and ended the day on a flat note. Gains were largely seen in the consumer durables sector and metal sector, while energy stocks and telecom stocks witnessed selling pressure. At the closing bell, the BSE Sensex stood lower by 26 points (down 0.1%) and the NSE Nifty closed higher by 2 points. […]
E Forex Analysis Of EUR/USD For Tuesday, August 7
First, we look into the previous day trade and what happened on August 6, 2018, and the EUR/USD pair opened at 1.15675 and went high at 1.15702 and gone to low at 1.15293 and finally closed at 1.15524. The calculated pivot point for the day is 1.15506. The difference between high and low was 40 […]
USDCAD Daily Analysis – Tuesday, August 7
USDCAD broke above the resistance of the falling trend line on the 4-hour chart and moved sideways in a trading range between 1.2967 and 1.3039, suggesting that consolidation for the downtrend from 1.3289 is underway. As long as 1.3039 resistance holds, the downside movement could be expected to resume and a breakdown below 1.2967 support […]
Indian Indices Trade Flat; Auto Stocks Witness Buying
Share markets in India are presently trading near the dotted line. Sectoral indices are trading on a mixed note with stocks in the auto sector and consumer durable sector witnessing maximum buying interest. Stocks from the energy sector are trading in the red. The BSE Sensex is trading up by 2 points, while the NSE Nifty is trading up by 4 points. The BSE Mid Cap index is […]
US GDP Highest Growth Rate In 4 Years
The US economy advanced an annualized 4.1 percent on quarter in the second quarter of 2018, well above an upwardly revised 2.2 percent expansion in the previous period and in line with market expectations. It is the strongest growth rate since the third quarter of 2014 amid higher consumer spending and soybean exports while business […]
Italian Bond Market Crisis Coming Up
Italy’s 10-Year bond yield surged around the Italian election. There’s heavy issuance in Sept and ECB tapering in Oct. The yield on Italian bonds surged in May on the victory of the League- and Five Star in the national election. The alliance does not intend to follow EU budget rules. Heavy issuance is coming up […]
Gold Prices Echo Externally Inspired US Dollar Volatility, RBA On Tap
Gold prices declined as the US Dollar returned to the offensive, sapping the appeal of anti-fiat alternatives epitomized by the yellow metal. The greenback rose to the highest level in 13 months against an average of its major counterparts. Meanwhile, a sentiment-driven rally in crude oil prices was aborted as reports of swelling Saudi exports crossed the wires. RBA IMPACT […]
AUDUSD Daily Analysis – Tuesday, August 7
AUDUSD stayed in a trading range between 0.7310 and 0.7483 for several weeks. Near-term resistance is at 0.7411, a break of this level could take the price towards 0.7483 resistance. Near-term support is at 1.7348, a breakdown below this level could trigger further downside move to test 0.7310 previous low support.
Sensex Opens Flat; Metal & Auto Stocks Gain
Asian stock markets are higher today as Japanese and Hong Kong shares show gains. The Nikkei 225 is up 0.2% while the Hang Seng is up 0.7%. The Shanghai Composite is trading up by 1.4%. The three major US stock indices closed higher on Monday as investors applauded a strong US earnings season with results from Berkshire Hathaway impressing and […]
