Sensex Continues Downtrend; Realty Sector Down 2%
After opening the day in red, share markets in India continued the downtrend and are currently trading weak amid fresh missile launch threats from North Korea. Sectoral indices are trading on a negative note with stocks in the realty sector and stocks in the IT sector leading the losses. The BSE Sensex is trading down by 235 points (down 0.7%), and the NSE Nifty is […]
USD Under Pressure As August NFP Misses Expectations
The Nonfarm payrolls jobs report left investors disappointed, and the greenback under further pressure, as the United States economy created just 156,000 jobs in August while the official US unemployment rate moved higher to 4.4%. Financial markets had been expecting US payrolls to grow by 180,000 in August, and the US unemployment rate to continue […]
Top ETF Stories Of August 2017
True to its reputation, the month of August was lukewarm for global equities including the United States. In fact, a consensus carried out from 1950 to 2016 shows that August ended up offering positive stock returns in 37 years and negative returns in 30 years, per moneychimp.com, with an average return of negative 0.27%. In line […]
EUR/USD: Euro Rising On The Back Of A Retreat To Safe Havens
Previous: On Friday the 1st of September, trading on the euro/dollar pair closed slightly up. Volatility increased after the US jobs report was published. 156,000 new jobs were added in the US outside the agricultural sector in August against a forecast of 180,000. The value for June was revised from 231,000 to 210,000 and for July […]
U.S. Concrete: A Missed Opportunity
When I described U.S. Concrete (USCR) as a strong play on the U.S. economy, I noted I would wait for a dip in the stock before picking a spot to buy. That opportunity came a lot faster than I expected as USCR dipped down on rising volume to the top of its previous trading range. The […]
Moral Outrage Over Low Wages: Canada Joins Trump With Threats Of Walking Out On NAFTA
The threat of total abandonment of NAFTA took on a second front today as Canada’s biggest private-sector union said NAFTA should be scrapped if Mexico cannot agree to better labor standards. Please consider Sharp Differences Over Labor Surface at NAFTA Talks in Mexico. Tensions over sharp differences in pay between Mexican workers and their Canadian and U.S. counterparts […]
Gold Pops, Stocks Drop As Futures Open After Korean Chaos
In an echo of last week’s move following North Korea’s testing of missiles across Japan’s territory, futures markets are opening in a decidedly risk-off manner following North Korea’s “hydrogen bomb” test. Dow Futs down 100 points, Gold jumping and Treasury bonds bid… All major US equity indices are down… Gold is back above $1340… USDJPY broke […]
Gold Prices Rise To 11-Month High On North Korea Nuclear Test
Gold prices struggled to make hay of disappointing US labor-market statistics Friday, echoing the impressive resilience of the US Dollar following the outcome. Geopolitical jitters have pushed the metal an 11-month high however after North Korea conducted another nuclear weapon test. That sent capital fleeting to the safety of government bonds and pushed down yields, boosting the appeal of […]
WTI Crude Oil And Natural Gas Forecast – Monday, Sept. 4
WTI Crude Oil The WTI Crude Oil market initially fell during the day on Friday but turned around to form a hammer. This is a very bullish sign, and I would also point out that the weekly candle is a hammer. That tells me that there is plenty of buying pressure underneath, and I think […]
Safe Havens Rise On North Korea Tensions
South Korea announced on Monday that it was planning new military drills in conjunction with the United States and increasing its ballistic missile defenses after North Korea executed its sixth nuclear test on Sunday. North Korea explained the test as an advanced hydrogen bomb for a long-range missile. The United Nations will be meeting later […]
