The Commitments Of Traders: Sentiment Synopsis

The Commitments Of Traders: Sentiment Synopsis

The Commitments of Traders (COT) reports are nothing other than sentiment indicators, but as far as sentiment indicators go they are among the most useful. In fact, for some markets, including gold, silver, copper and the major currencies, the COT reports are by far the best indicators of sentiment. This is because they reflect how […]
Sensex Trades Flat; CPI Inflation Rises To 3.58% In October

Sensex Trades Flat; CPI Inflation Rises To 3.58% In October

After opening the day in green, share markets in India witnessed choppy trades and are presently trading marginally below the dotted line. Sectoral indices are trading on a mixed note, with stocks in the auto sector and stocks in the consumer durables sector witnessing maximum buying interest, while stocks in the capital goods sector are leading the losses. The BSE Sensex is down up by […]
WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 14

WTI Crude Oil And Natural Gas Forecast – Tuesday, Nov. 14

WTI Crude Oil The WTI Crude Oil market continues to be very choppy lately, as we have gotten a bit overextended. By being so overextended, it’s likely that we need to pull back to find some type of value and I suspect that the cluster of order flow near the $55 level is that area […]
UK Inflation Remains At 3% – GBP Slides

UK Inflation Remains At 3% – GBP Slides

All the UK inflation numbers came out worse than expected. Headline CPI is only 3% y/y and 0.1% m/m. Core CPI is also unchanged at 2.7% instead of 2.8% predicted. The Retail Price Index (RPI) advances to 4% but also falls short of predictions. PPI data stands out by exceeding expectations at 1%, but this is […]
Buying Stocks In A Strong Sector That Haven’t Broken Out Yet: Cannabis Edition

Buying Stocks In A Strong Sector That Haven’t Broken Out Yet: Cannabis Edition

TM editors’ note: This article discusses a penny stock and/or microcap. Such stocks are easily manipulated; do your own careful due diligence. Cannabis stocks are on fire after TWMJF led off as the first stock to break out. This hot sector can provide a lot of trading opportunities. Instead of chasing the leaders in a sector […]
EUR/USD: High Volatility Expected Due To A Busy Day Of Economic Events

EUR/USD: High Volatility Expected Due To A Busy Day Of Economic Events

Previous: On Monday, November 13, trading on the euro/dollar pair closed 11 pips up. The euro dropped during the first half of the day before going on to mount a recovery. The rebound from the low of 1.1637 was partially down to growth on the euro crosses. The biggest mover among these in terms of […]
USDCAD Daily Analysis – Tuesday, Nov. 14

USDCAD Daily Analysis – Tuesday, Nov. 14

USDCAD broke above the falling trend line on the 4-hour chart, indicating that the short-term downtrend from 1.2916 had completed at 1.2666 already. Further rally to test 1.2819 resistance would likely be seen in the coming days. Above this level could take price to next resistance level at 1.2916, followed by 1.3100. Near-term support is […]
Broad Market Calibrations: Nowhere Near Good

Broad Market Calibrations: Nowhere Near Good

In late 2014, the Bank of Russia began to repo out eurodollars to local Russian banks. These financial institutions were being increasingly deprived of “dollar” funding on global markets. It made sense that Russia’s central bank would step in on their behalf, redistributing what it could out of its own pocket (though exactly which one […]
Do You Believe The Oil Hype?

Do You Believe The Oil Hype?

The geopolitical backdrop in the Middle East is fluid, to say the least, and this fluidity has helped the black fluid undertake what is looking like a potential upside breakout as the news/noise levels remain high. But do you believe the hype?  In this article we check out a chart that raises potentially more questions […]
India Could Become World Leader By 2027

India Could Become World Leader By 2027

India, the world’s seventh largest economy today, will grow to be the world’s second-largest by 2050 according to PWC, outpacing the US economy by around 33% as the sleeping giant reaches financial maturity and modernizes its economy. This potential presents an enormous opportunity for investors. Bank of America published a report illustrating the opportunity last week, outlining […]