Gold Inches Down As Stocks Rise
Gold prices ended Tuesday’s session down $5.34 as gains in equity markets dented the appeal of the safe-haven metal. Apparently, the risk-on attitude across global markets and the dollar’s recent appreciation will continue to influence the price of gold. In economic news yesterday, IHS Markit’s Composite PMI came in at 55.7, up from 54.8 in […]
Bubble Denial… Just As It May Finally Be Peaking
As I have commented recently, my mainstream media interviews have almost totally dried up – even with Fox Business. The last three I have done have been more about my on-the-ground experience in Puerto Rico! It makes perfect sense though. Bubbles always suck everyone in before they implode. The financial media, like CNBC, become cheerleaders for the bubble. Bears turn to bulls. And almost everyone […]
AUD/USD Falls To The Lowest In 3 Months On Poor Inflation
Inflation is absent in almost all developed economies and Australia is not an exception. The headline Consumer Price Index advanced by 0.6% in Q3, lower than 0.8% expected. The Trimmed Mean CPI (known as core CPI in other places) also failed to impress with an increase of 0.4% q/q against 0.5% projected. Year over year, […]
TreeHouse Foods Inc: Wedgewood Capital Sells Entire Stake In Food Processing Firm
Is TreeHouse Foods Inc. (NYSE: THS) a good stock to buy? One of the funds tracked by Insider Monkey, Wedgewood Capital, sold its entire stake in TreeHouse Foods Inc. during the third quarter. TreeHouse Foods is engaged in the packaged foods and beverages business focused on private label products for both retail grocery and food away from home customers. Wedgewood Capital […]
Indian Indices Continue Momentum; Banking Sector Up 3.4%
After opening the day in the green, stock markets in India have continued their momentum and are presently trading on a positive note. Sectoral indices are trading on a positive note with stocks in the banking sector and capital goods sector witnessing maximum buying interest. The BSE Sensex is trading up 306 points (up 0.9%) and the NSE Nifty is trading up 56 points (up […]
EUR/USD Daily Analysis – Wednesday, October 25
EUR/USD moved sideways in a trading range between 1.1725 and 1.1879. An upside break of 1.1795 resistance could trigger another rise towards 1.1879. Above this level could aim next resistance level at 1.2029. On the downside, below 1.1725 could take price to test 1.1662 (Aug 17 low) key support. Below this level could trigger further […]
Sherwin-Williams Reports Q3 Financial Results; Increases Guidance For Q4 And Full-Year 2017
The Sherwin-Williams Company (NYSE: SHW) announced favorable financial results for the third quarter ended September 30, 2017 enhanced by the June acquisition of Valspar. About SHW Founded in 1866, The Sherwin-Williams Company is a global leader in the manufacture, development, distribution, and sale of paints, coatings and related products to professional, industrial, commercial, and retail customers such as […]
Forex Critical: The U.S. Dollar Vs. Mexican Peso Soars To An Important Level
Against the U.S. dollar, the Mexican peso, USD/MXN, has left its 15-month low in the dust. For the past month, USD/MXN has neatly followed its upper-Bollinger Bands (BBs) straight through a bullish confirmation of a 50DMA breakout and then a bullish breakout above its 200-day moving average (DMA). The U.S. dollar versus the Mexican peso […]
Strong Headline & Core Australia CPI To Temper AUD/USD Losses
– Australia Consumer Price Index (CPI) to Increase for Second Time in 2017. – Core Rate of Inflation to Expand Annualized 2.0%- Fastest Pace of Growth Since 4Q 2015. Trading the News: Australia Consumer Price Index (CPI) A rebound in both the headline and core Consumer Price Index (CPI) may spark a bullish reaction in the Australian […]
Infosys Beats Street Estimates, Reliance Nippon Life IPO & Other Top Cues In Action Today
Indian share markets rose 100 points in the afternoon session to finish in green for second consecutive day. At the closing bell yesterday, the BSE Sensex closed higher by 101 points and the NSE Nifty finished up by 23 points. The S&P BSE Mid Cap finished up by 0.2% while S&P BSE Small Cap finished up by 0.6%. Gains were largely seen in PSU stocks, power […]
