Category Archive: Finance, No picture
BTC/USD Forex Signal – Monday, August 13
Last Thursday’s signals produced a mildly profitable trade following the very large outside candlestick which rejected the identified support level at $6,178 on the hourly chart last Thursday. Today’s BTC/USD Signals Risk 0.75% per trade. Trades may only be entered between 8am London time and 5pm Tokyo time, during the next 24-hour period. Long Trades Go […]
Sensex Trims Losses; Rupee Hits Record Low
Stock markets in India trimmed some of their morning losses and are now trading slightly lower amid weak global cues and as Rupee hit its record low against the dollar. Losses are largely seen in bank stocks and PSU stocks. The BSE Sensex is trading down by 140 points and the NSE Nifty is trading down by 40 points. Meanwhile, the BSE Mid Cap index […]
USDCAD Daily Analysis – Monday, August 13
USDCAD broke above 1.3119 resistance, suggesting that the upside movement from 1.2961 has resumed. Further rally is possible in a couple of days and next target would be at 1.3250 area. Support is at the bullish trend line on the 4-hour chart, only a break below the trend line could trigger another fall towards 1.2900.
Turkey’s Crisis Could Send Euro Lower
The crumbling of Turkey’s economy could drag eurozone down, short EUR/USD? Turkish Lira went into freefall last Friday after President Trump slapped tariffs on Turkey’s steel exports. The trouble Turkey is facing is not just a localized issue, but a contagious one. European Central Bank is worried about non-hedged exposure of European banks to Turkish […]
Crypto Bubble Unwind Images: Fast In Altcoins, Slower In Bitcoin
Ripple, the number three cryptocurrency is down 89% from the top, Ethereum 76%, Bitcoin 67%. The cryptocurrency bubble is unwinding rapidly from the bottom up. Bitcoin is holding up the best. Here’s a set of images of the three leading cryptos. I created the charts at approximately 1:00 PM on August 11. Bitcoin the Top […]
Crude Oil Prices Rise Despite Market Turmoil, Gold Stuck In Place
Crude oil prices turned higher Friday after the IEA upgraded demand forecasts for 2018 and 2019 while saying that supply fears have abated. This is after the OPEC-led group of top producers scaled back coordinated output cuts. Traders seemed to interpret the news to mean that pressure to step up shipments further has receded. Meanwhile, gold prices remained stuck in […]
AUDUSD Daily Analysis – Monday, August 13
AUDUSD extended its downside movement from 0.7453 to as low as 0.7270. Further decline is still possible after a minor consolidation and next target would be at 0.7200 area. Resistance is at 0.7321, only a break of this level could bring the price back to 0.7360 area.
Sensex Opens 240 Points Lower; Metal & PSU Stocks Drag
Asian stock markets are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 1.7% while the Hang Seng is down 1.8%. The Nikkei 225 is trading down by 1.6%. US stocks slid on Friday as a deepening economic crisis in Turkey dragged on bank shares and triggered a move out of riskier assets. Back home, India […]
Dividend Watch List August 2018
It is August and summer time but the stock market never sleeps and I also want to show potential buys for the month of August. Although the market was on a constant bull run the last couple of weeks, there are still some buying opportunities to find out there in the market. My main focus […]
