Global Markets Turn Cautious, IPO News & Cues To Watch Out Today
On Monday, share markets in India finished in red, marking a negative start to the week. The BSE Sensex closed lower by 281 points to end at 33,034 while the broader NSE Nifty ended the day lower by 97 points to close at 10,225. Among BSE sectoral indices, metal stocks fell the most by 1.9%, followed by consumer durables stocks 1.8%. Coal India and ONGC were among […]
EUR/USD Daily Analysis – Tuesday, November 14
EUR/USD is facing 1.1690 resistance. A breakout of this level will indicate that lengthier consolidation for the downtrend from 1.2092 (Sep 8 high) is underway, then a further rise towards the falling trend line on the 4-hour chart could be seen. On the downside, as long as 1.1690 resistance holds, the downside movement could be […]
AUD/USD Fights Back Amid Australian, Chinese Data
The Australian dollar had already slipped to the lowest levels since July. The general slide of commodity currencies and also with weak inflation looming on the Aussie. Yet from these lows, the Aussie is fighting back. One reason for the rise is the October Business Conditions figure. It jumped from 14 to 21 points. The confidence […]
GBP/USD Bearish Breakout Faces Bullish ABC Zigzag
GBP/USD 4 hour The GBP/USD pair broke above and below the local triangle pattern (dotted lines) but the major support (blue) and resistance (red) trend lines are still intact. A breakout is needed before a larger directional move can be expected. 1 hour The GBP/USD is probably expanding the correction via an ABC zigzag correction […]
E Market Briefing For Tuesday, Nov. 14
The market on Monday was fairly dull; recovering as outlined for the session; but with breadth and other aspects defensive. It’s on-hold just ahead of a decision on taxes mostly; with all the other buzzards sort of out there circling. Risk remains at a high level. Daily action – primarily saw a few Dow stocks […]
Can Retail Play “Base”?
Vintage is everywhere. Look at a stock like Etsy Inc. ETSY is an online shopping site that specializes in vintage items [among other things]. It reported last week. Sales, earnings per share and revenue were all up. From the nadir in March until the multi-month peak in early November, that stock merits watching this week. […]
Ride The Market Rally With Options
The one thing I was certain would happen over the past 12 months turned out to be the exact opposite. Last November, the newly elected president was committed to stirring up the typical D.C. drama. President-elect Donald Trump had a mission to “drain the swamp.” He promised to be a president who went against the […]
Goldman Discovers Something Odd: Stock Moves Are Increasing Even As Index Moves Are Decreasing
One wouldn’t know it by looking at the moves in equity indexes, but this earnings season has been unusually volatile for stocks, which however has yet to translate into bigger moves at the macro level. That is the bizarre observation made by Goldman’s derivatives strategist John Marshall (whose team grew by one when ex-Deutsche Banker […]
E How Long Will $1,000,000 Last In Retirement?
One million dollars is a common benchmark when it comes to retirement goals, and many resources will recommend this number as how much you should save before you retire. However, while one million dollars may sound like a great goal to strive for, the truth is that one million probably isn’t going to be enough […]
Weekly Gasoline Price Update: WTIC Down 1.0%
It’s time again for our weekly gasoline update based on data from the Energy Information Administration (EIA). The price of Regular and Premium are unchanged from last week. According to GasBuddy.com, California has the highest average price for Regular at $3.23 and San Francisco, CA is the most expensive city, averaging $3.33. Alabama has the cheapest […]
