Sensex Today Tanks 836 Points; Nifty Ends Below 24,200
After opening the day on a negative note, Indian share markets continued the downtrend as the session progressed and ended the day weak.Benchmark equity indices, the BSE Sensex and NSE Nifty retreated from yesterday’s closing and ended lower by over 1% each ahead of the US Federal Reserve’s monetary policy rate decision announcement scheduled for […]
S&P Futures Extend Gains As Trump Trades Cool
US equity futures extended their post-election gains, as S&P futures traded near session high with both Tech and small caps outperforming as the dollar eased and yields were flat, as traders continued to map out Trump’s return to the White House and what it holds for the Fed’s interest-rate path. As of 8:00am ET, S&P […]
EUR/GBP Finds Itself Back Down Near Multi-year Lows After BoE Decision
EUR/GBP trades marginally lower on Thursday, in the 0.8320s as it consolidates just above two-and-a-half year lows, and the bottom of a five-week range. The pair started Thursday deep in the red after the release of lackluster German Industrial Production and Export data weighed on the Euro (EUR). EUR/GBP Daily ChartWorld-renowned exporter Germany suffered a bad month […]
The German Government Collapses, Chancellor Scholz Fired His Finance Minister
The Traffic Light Coalition finally blew up. What’s ahead?Image clip from Twitter Video.Government CollapsedThe three-way traffic light coalition, named after party colors, finally blew up when Chancellor Olaf Scholz Fired his Finance Minister triggering a vote of confidence. Scholz’s center-left government was the first to be formed after the retirement of Chancellor Angela Merkel, who anchored European politics […]
The Trump Presidency Will Exacerbate International Relations, Especially Concerning China And Europe
Image source: Pixabay At the end of Wednesday, the Dow Jones Index (US30) was up 3.57%. The S&P 500 Index (US500) was up 2.53%. The Nasdaq Technology Index (US100) closed up 2.74%. All 3 indices hit new all-time highs. Stocks soared after Republican candidate Trump won the presidential election. Republicans also gained control of the Senate, […]
A Second Trump Term Stokes The Inflation Narrative
After Tuesday night’s initial election results started to point to increasing odds of a Trump victory, bond yields began to rise sharply, as shown below. The surge in rates was not a sudden move. Over the past month, betting odds favoring a second Trump term and bond yields rose in unison. The narrative emerging from […]
Will The Fed Kill The Trump Trade?
Futures point to the post-election rally continuing when US equity markets open later this morning. While the final tally for the House has yet to be determined, the results thus far point to a red sweep in Washington. After jumping yesterday back to levels last seen in early July, ahead of the Fed’s latest monetary […]
Elliott Wave Technical Analysis: Deere & Co. – Thursday, Nov. 7
DE Elliott Wave Analysis Trading LoungeDeere & Co., (DE) Daily ChartDE Elliott Wave Technical AnalysisFUNCTION: TrendMODE: ImpulsiveSTRUCTURE: MotivePOSITION: Wave 2 of (5).DIRECTION: Bottom in wave 2.DETAILS: We are looking at a bottom in wave (4) in place at around 330$, with a correction that has lasted a couple of years. As we broke above 400$, we could see […]
Oil Prices Fall Amid Rising Stocks, Weak China Imports; Market Uncertain Over Impact Of Trump’s Win
Photo by Timothy Newman on Unsplash Oil prices gave up gains and fell as rising inventories in the US and weak October China imports weighed. The oil market remains cautious about Trump’s victory as his policies could pressurise prices in long term. In Gulf of Mexico, Hurricane Rafael has already prompted shutdown of 304,000 barrels per day […]
Gold Price Analysis: Gold Continues To Decline After US Elections
Gold price plunged below $2,655 per ounce on Wednesday, retreating from a 30-October record high of $2,758 per ounce as Donald Trump’s victory in the US presidential election boosted the dollar and prompted investors to unload safe-haven positions in gold. The presidential race was less competitive than expected, and its outcome is not expected to […]
