Category Archive: Finance, No picture
Sensex Ends Day In The Green; Auto Stocks Lead Gains
After opening the day in the red, share markets in India witnessed volatile trading activity throughout the day and ended the day in above the dotted line. Sectoral indices traded mixed, with stocks in the auto sector and stocks in the metal sector, leading the gains. At the closing bell, the BSE Sensex stood higher by 147 points (up 0.4%) and the NSE […]
USDCAD Daily Analysis – Friday, Sept. 7
USDCAD dropped sharply from 1.3226, suggesting that the upside movement from 1.2887 had completed. Deeper decline would likely be seen and next target would be at 1.3000 area. Resistance is at 1.3226, only a break of this level could trigger another rise towards 1.3350.
Gold Asks: If Not Recession, Then What?
We are on the verge of recession. The Fed tightens and in the past it has never ended well. The yield curve is almost flat. When it inverses, it will be the end. All the bubbles will burst, pushing the global economy into another crisis. It will be more serious than all the previous cases, especially given […]
Thoughts On A Secular Top In Canadian And Australian Debt And Realty Prices
Thanks to a reader for sending this clip along. Different countries, same financial behaviors and mean reversion cycles likely. The components are well articulated in this segment. A key point to all ‘investors’: “This is a very extended property bubble, that has been funded by the banks…Don’t you know what happens to property bubbles?” Canada and […]
Sensex Trades Rangebound; Yes Bank & Sun Pharma Top Losers
Stock markets in India are trading in a range-bound fashion amid weak Asian markets as the rupee trimmed losses after hitting 72 against US dollar in the opening trade. Losses are largely seen in bank stocks and PSU stocks. The BSE Sensex is trading down by 4 points and the NSE Nifty is trading up by 4 points. Meanwhile, the BSE Mid Cap index is trading […]
EUR/USD Awaits The NFP, Tariffs, Under Downtrend Resistance
The EUR/USD is ticking up ahead of the US Non-Farm Payrolls. Markets also await potential new US tariffs on China. The technical picture is slightly bullish for the pair. The EUR/USD is trading higher, rising within the 1.1600 handle. The US Dollar is slightly weaker on Friday. The deadline for public comments on potential new US tariffs […]
Gold Prices May Resume Decline On US Jobs Report
Gold prices managed a second day of corrective gains after Tuesday’s sell-off. The lion’s share of intraday gains evaporated as renewed risk aversion buoyed the US Dollar however, sapping the appeal of the perennially anti-fiat yellow metal. Risk aversion sank crude oil prices however. Investors’ mood soured amid continued worries about instability in emerging market assets as Fed tightening drives […]
AUDUSD Daily Analysis – Friday, Sept. 7
AUDUSD continued its sideways movement in a trading range between 0.7144 and 0.7235. A breakdown below 0.7144 support could trigger another downside movement towards 0.7100. On the upside, a breakout of 0.7235 resistance could bring the price back to 0.7300 area.
Indian Indices Trade On A Negative Note; Banking And Pharma Stocks Witness Selling
Asian shares are trading on a negative note today. Asian shares hit a 14-month low on the back of worries that a new round of Sino-US tariffs could come at any moment. The Nikkei 225 is down 1.1% while the Hang Seng is down 0.8%. The Shanghai Composite is trading down by 0.1%. Back home, India share […]
Market Valuation, Inflation And Treasury Yields: Clues From The Past – Thursday, Sept. 6
Our monthly market valuation updates have long had the same conclusion: US stock indexes are significantly overvalued, which suggests cautious expectations on investment returns. In a “normal” market environment — one with conventional business cycles, Federal Reserve policy, interest rates, and inflation — current valuation levels would be a serious concern. But these are different times. The […]
