Category Archive: Finance, No picture
E Forex Analysis Of GBP/USD For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and the GBP/USD pair opened at 1.29379 and went high at 1.29592 and gone to low at 1.28531 and finally closed at 1.28817. The calculated pivot point for the day is 1.28959. The difference between high and low was nearly […]
E Markets: Idiosyncratic
A spate of earthquakes around the South China Sea from Indonesia, Taiwan and Philippines puts us on Tsunami alert but nothing happens and its all explained away as aftershocks from this weekend’s tragedy. For markets we see similar warnings, the quakes in TRY, NZD and RUB all look important but are explained away today as idiosyncratic. Those […]
E Forex Analysis Of EUR/USD For Thursday, August 9
First, we look into the previous day trade and what happened on August 8, 2018, and the EUR/USD pair opened at 1.15973 and went high at 1.16274 and gone to low at 1.15722 and finally closed at 1.16089. The calculated pivot point for the day is 1.16028. The difference between high and low was 55 […]
USDCAD Daily Analysis – Thursday, August 9
USDCAD dropped sharply from 1.3119 after breaking above 1.3096 resistance, suggesting that the pair remains in the downtrend from 1.3289. Deeper decline to test 1.2961 support is possible and a breakdown below this level could trigger further downside movement towards 1.2850. Resistance is now at 1.3119, only a break of this level could take the […]
Kiwi Slumps After A Dovish Statement By Reserve Bank Of New Zealand
The New Zealand dollar – also known as the kiwi- nosedived today after the Reserve Bank of New Zealand (RBNZ) released its monetary policy decision. In the decision, the bank left interest rates unchanged, which was expected. The lower movements of the kiwi were because of the bank’s statement that the low interests would remain […]
Sanchez Produces And Transports Oil And Gas
Today I’m reviewing a large-cap oil & gas midstream firm by the name of Sanchez Midstream Partners LP. Its trading ticker symbol is SNMP. Sanchez Midstream Partners LP is a US based company, focused on the acquisition, development, ownership and operation of midstream and other oil and gas producing assets. It operates in two segments, […]
BoE Hikes For The Second Time Since Lehman
Are there more central banks than the Fed and the ECB? Oh, yes. Last week, the Bank of England raised rates 25 basis points. What does it imply for gold? Second Hike in 10 Years On last Thursday, the Bank of England’s Monetary Policy Committee voted to raise its key interest rate from 0.50 to […]
When Storage Does Not Save One From Low Commodity Prices
When prices are low for a storable commodity, agents (farmers or intermediaries) can wait for higher prices to sell. Of course, there is a carrying cost to storage for many commodities, like soybeans (deterioration of stock, direct storage costs, opportunity cost of capital tied up in commodity). Hence, while storage can mitigate losses, it does […]
Gold Price Chart Hints At Bottoming After US 10-Year Bond Auction
Gold prices rose yesterday as the US Dollar retreated alongside Treasury bond yields after hitting a 13-month high intraday. That helped the yellow metal leverage its appeal as an anti-fiat and non-interest bearing alternative. The move came after demand held impressively steady despite a record-setting offering of $26 billion in 10-year notes. The bid-to-cover ratio registered at 2.55, […]
