Global Markets Turn Cautious, IPO News & Cues To Watch Out For Today
Yesterday, Tuesday, Indian share markets finished in the green, continuing a positive streak. The BSE Sensex closed higher by 78 points to end at 31,924 while the broader NSE Nifty ended the day higher by 28 points to close above at 10,017. Among BSE sectoral indices, power stocks rose the most by 0.9%, followed by infrastructure stocks 0.8%. Lupin and Power Grid Corp were among the top […]
A Decline In Small Business Optimism
Yesterday, the NFIB reported the September Small Business Optimism Index results and they showed the Index fell 2.3 points to 103, which was below the lowest consensus forecast. In spite of the decline, the index remains at a high level as can be seen in the below chart. A larger percentage of the index components declined in […]
What Can We Expect From The Fed Minutes?
The Federal Reserve releases the minutes from its September meeting today, Wednesday. In September’s meeting, the Fed insisted that another rate hike is coming in December and provided support to the dollar. Here are two opinions: Here is their view, courtesy of eFXnews: USD: 2 Key Things To Expect From The FOMC Minutes On Wed – SEB […]
USD/JPY Stair-Stepping Down Support
USD/CHF Daily Chart Technical Outlook: USDJPY turned from median-line resistance last week after failing to punch through basic trendline resistance extending off the yearly high. The focus is on near-term confluence support at 111.86/99– a region defined by the 23.6% retracement and the 200-day moving average. A break below this threshold (favored) targets more significant support at 111.10 where the 38.2% […]
Jack Bogle Slams Wall Street’s “Unrealistic” Earnings Guesses, Says Market Valuations “Rather High”
88-year-old investing icon John “Jack” Bogle, founder of the Vanguard Group, says that the market seems to be “fully valued,” and suggests investors adjust their asset allocation. In an interview with The Street, Bogle said: “The valuations of stocks are, by my standards, rather high,” adding that “my standards, however, are high.” When considering stock valuations, Bogle’s […]
Gold Extends Gains As Dollar Slides
Gold prices rose for a third straight session on Tuesday and settled at $1287.63 an ounce as the dollar fell ahead of the minutes of the Federal Reserve’s September policy meeting and inflation data. XAU/USD reached the $1292-$1290 area as expected but was unable to break through. Consequently, prices retreated to Ichimoku cloud on the […]
EUR/USD Builds Wave 3 Momentum In Bullish Channel
EUR/USD 4 hour The EUR/USD is in a bullish channel (blue lines) which could challenge the resistance trend lines. It is unclear whether price is in a wave 5 or in an expanded wave 4 at the moment, which depends on how price develops the bullish trend. 1 hour The EUR/USD seems to be in […]
E Market Briefing For Wednesday, October 11
The forecasts for geopolitics and the markets continue hoisting red flags, even if most pundits and analysts will dispute that. It doesn’t assure the market breaking, but does require putting warning flats up on the pole at the same time big-cap Averages are themselves in a flagpole or pennant status. With the movement of the […]
5 Simple Yet Effective Ways To Plan For Retirement
Retirement is a complex topic. This is an awesome infographic that simplifies everything. Start small and grow your savings The magic word is compound interest, which, in its most basic terms means that interest is earned on both the original amount saved plus the interest earned on that savings. The key to making compound interest […]
Fears Of Next Financial Crisis Stem From Confusion Over Last One
A NYT article on the seemingly healthy state of the world economy carries the headline, “The economy is humming. Banks are cheering. What can go wrong?” The piece is written as though we need to fear the possibility that another financial crisis is just around the corner. We don’t. It’s become popular in the economics […]
