Euro May Fall As ECB Meeting Minutes Cool Bets On QE Cutback
ECB monetary policy meeting minutes headline the economic calendar in European trading hours. Markets are scouring for signs of stimulus withdrawal across the G10 space – as amply demonstrated in the Yen’s reaction to standard fluctuation in BOJ bond uptake – and any commentary suggesting Mario Draghi and company may alter the path of QE purchases faster than […]
Sensex Ends Higher; Infosys & Bharti Airtel Top Gainers
After opening the day on a flat note, Indian share markets ended the day marginally higher. At the closing bell, the BSE Sensex finished higher by 70 points. While, the NSE Nifty finished higher by 23 points. Meanwhile, the S&P BSE Midcap Index ended up by 0.3% while S&P BSE Small Cap Index ended up by 0.4% respectively. Sectoral indices ended the day on a […]
Why Oil Should Be Supported In Weekly Chart
Hello fellow traders, in this blog post, we will discuss oil in a more bigger picture. In the chart below, you can see crude oil futures on the weekly chart. From the 02/08/2016 low, we can clearly see that the market has a potential 5 swing incomplete bullish sequence. It seems like that it is still […]
Capital Markets Calmer, Greenback Consolidates
As market participants were just getting their sea legs back after the start of the year, it was hit by a one-two punch of ideas that BOJ policy was turning less accommodative and that Chinese officials were wary of adding to their Treasury holdings. Then late yesterday, a news wire reported that Canada suspected the […]
Korean Crypto Crash – The Beginning Of A Huge Downfall Or A Buying Opportunity?
Police and tax agencies in South Korea raided exchanges of cryptocurrencies searching for evidence of potential tax evasion. Coinone and Bithumb are under investigation for quite some time, but these fresh raids are a ramping up of these efforts. In addition, there are reports by SBS that authorities in the Asian nation are working on legislation that will shut […]
Gold Gains On Weaker Dollar
Gold prices rose $4.31 an ounce on Wednesday as the dollar came under pressure after Bloomberg news published a story about the Chinese government possibly reducing its buying of U.S. government bonds. XAU/USD traded as high as $1327.64 an ounce but it was unable to hold above the $1326.20 level. As a result, the market […]
USDCAD Technical Analysis: The Contrarian Case
In 2017, the dollar fell more than 10% against its global peers. Among the currencies that strengthened against the dollar was the Canadian Dollar. The dollar fell from a high of 1.37844 to a low of 1.2063 in September. After that, the dollar tried to recover, rising to the 1.2902. It didn’t go well. As […]
Sensex Trades On A Volatile Note; Energy Stocks Top Losers
After opening the day in the red share markets in India witnessed choppy trading activity and are presently trading above the dotted line. Sectoral indices are trading on a mixed note, with stocks in the realty sector and stocks in the IT sector witnessing maximum buying interest. While stocks in the energy sector are leading the losses. The BSE Sensex is trading up […]
5 Must-See Big Bank Earnings Charts
Video Length: 00:04:50 Now that Alcoa has separated into two businesses, it no longer leads off earnings season. That crown has fallen on the big banks as they all report close together near the start of earnings season. Bank shares have been soaring at the end of 2017 as the economy has heated up and […]
AUDUSD Daily Analysis – Thursday, Jan 11
AUDUSD broke above 0.7874 resistance, suggesting that the uptrend from 0.7501 has resumed. Further rise could be expected and next target would be at 0.7950 area. Key support is now at 0.7807, only a breakdown below this level could signal completion of the uptrend.
