Category Archive: Finance, No picture
Sensex, Nifty Close At Record Highs; Energy And Metal Stocks Witness Buying
Indian share markets continued their momentum during closing hours of trade and ended the day at their fresh record high levels. Gains were largely seen in the metal sector and energy sector. Both, the Sensex and Nifty, ended their day at record closing highs. At the closing bell, the BSE Sensex stood higher by 331 points (up 0.9%) and the NSE Nifty closed […]
E Markets: Divergence
There is positive divergence this Monday as markets expect little for the week in terms of economic news or big decisions. The focus is on central bankers with their minutes and their speeches going into the Fed Jackson Hole Symposium. This means that the news behind the news drives markets and there was plenty of it last […]
BTC/USD Forex Signal – Monday, August 20
Last Thursday’s signals were not triggered, as none of the key levels were ever reached. Today’s BTC/USD Signals Risk 0.75% per trade. Trades must be entered before 5pm Tokyo time, over the next 24-hour period only. Long Trades Go long after a bullish price action reversal on the H1 time frame following the next touch $6,171 […]
EURUSD Remains Bearish
On EURUSD we see the price falling sharply since February when the pair have completed a corrective rally of a higher degree. Notice that there was a strong and extended leg down through April which fits as sub-wave three of an impulsive decline. As such, more weakness will be expected as fall should be made […]
USDCAD Daily Analysis – Monday, August 20
USDCAD broke below the rising trend line on the 4-hour chart, suggesting that the upside movement from 1.2961 had completed at 1.3174 already. Deeper decline is still possible and next target would be at 1.2961 support. Resistance is at 1.3174, only a break of this level could trigger another rise towards 1.3250 area.
Trade Tariffs & Jackson Hole To Chart FX Market This Week
The uncertainties are high as tariffs arrive, short AUD/USD? Markets will be watching Powell to offer any possible clue on Fed’s monetary policy during Jackson Hole With Fed Chairman Jerome Powell set to deliver a Friday morning speech, investors will be looking for clarity on a host of issues ranging from ; the likely path of interest rates […]
Valuations Aren’t The Main Catalyst Of This Bull Market
It’s obvious to most investors with any experience that they can’t justify buying an asset just based on the recent price action alone (technical analysis aside). You don’t buy based on price; you buy based on value. The price action means nothing without context. This point needs to be extended to multiples. When investors review […]
Gold Prices Rise As Cooling Trade War Worries Weigh On US Dollar
Gold prices turned higher Friday as improving risk appetite triggered a reversal of haven-seeking capital flows buoying the US Dollar, sending the currency lower and offering a lift to the perennially anti-fiat yellow metal. Investors’ rosier disposition reflected hopes for de-escalation in the trade war between the US and China. Crude oil prices attempted to rally intraday but […]
AUDUSD Daily Analysis – Monday, August 20
AUDUSD extended its upside movement from 0.7202 to as high as 0.7319. Further rally is still possible and next target would be at 0.7350 area. Near-term support is at 0.7245, only a breakdown below this level could bring the price back towards 0.7202 previous low.
Nifty Crosses 11,500-Mark; L&T Surges 4% On Buyback News
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 down by 0.1%. US stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between […]
