Sensex Trades 322 Points Up; Auto & IT Stocks Rise
After opening the day on a strong note, the Indian share markets have continued the momentum and are presently trading higher. Sectoral indices are trading in mixed, with stocks in the automobile sector & information technology sector leading the pack of gainers. While realty stocks and PSU stocks are trading in red. The BSE Sensex is trading higher by 323 points (up 0.9%) while the NSE Nifty is […]
USD/CAD Awaits Verdict On NAFTA – One Scenario Is More Priced In Than The Other
The Canadian dollar enjoyed a wide range of upbeat economic figures, a rate hike, and also rising oil prices, but its gains were limited. Worries that the North American Free Trade Agreement would be abandoned by the US, kept the loonie back. Last week, the US dollar took another plunge, mostly ignited by Mnuchin’s endorsement […]
This Is The Way Facebook Ends (And Maybe Apple And Google)
Investors tend to focus on the most likely outcome. As a risk manager, I spend time focusing on the unlikely, on the bad things that might possibly happen. Where T.S. Eliot writes, “This is the way the world ends, Not with a bang but a whimper” I would write, “This is one possible way the […]
EM Equity Valuations
Emerging Market Equities have seen an incredible run since the 2016 bottom (not to make a song and dance about it, but that was about when I turned bullish on EM equities, just saying…). To throw a few statistics and data-points around: the MSCI EM Index is up 85% since the bottom in January 2016 […]
Gold Prices May Turn Lower If Bearish Technical Setup Plays Out
Gold prices marked time on Friday as markets digested a drop inspired, a move inspired by comments from President Donald Trump. He voiced support for a strong US Dollar, driving the benchmark currency upward and punishing the standby anti-fiat alternative by extension. The remarks contradicted Treasury Secretary Steven Mnuchin, who seemed to praise depreciation as a boost for […]
The Pie Is Shrinking For The 99%
The ensuing social disunity and disruption will be of the sort many alive today have never seen. Social movements arise to solve problems of inequality, injustice, exploitation and oppression. In other words, they are solutions to society-wide problems plaguing the many but not the few (i.e. the elites at the top of the wealth-power pyramid). The […]
Forex Metrics And Chart Week 5 / 2018
The Top 10 of the Ranking and Rating list for the coming week shows the following stronger currencies being well represented for going long: the CHF(4X) followed by the AUD(3X) and GBP(2X). The weaker currencies are the USD(4X) followed by the CAD(3X) and EUR(2X). By diversifying a nice combination can be traded in the coming week like […]
E The Euro Area Is On A Stable Growth Path, Which Is Why The ECB Will Gradually Reduce Its Asset Purchases
Growth in the Euro Area’s economy is expected to remain strong this year (2%), but ease back to around to 1.5% in 2019. As the following charts illustrate, the risk of deflation has practically vanished, fiscal policy is supportive of Eurozone growth, and capital investment is picking up but unemployment is still quite high. The […]
EUR/USD, GBP/USD Develop Bearish ABC Corrective Patterns
EUR/USD 4 hour The EUR/USD is building a bearish retracement within a potential wave 4 (purple). The Fibonacci levels of wave 4 vs 3 could act as support levels for a continuation within the 3rd wave (pink). A break below the 50% Fib makes a wave 4 less likely. 1 hour The EUR/USD is building a […]
USD/CAD Daily Analysis – Monday, January 29
USD/CAD stays below a falling trend line on its 4-hour chart and remains in the downtrend from 1.2590. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 1.2200 area. Near-term resistance is at 1.2390, a break of this level could bring price back […]
