Sensex Trades Marginally Lower; Telecom Stocks Witness Losses
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the telecom sector and metal sector witnessing maximum selling pressure. Energy stocks are trading in the green. The BSE Sensex is trading down 81 points (down 0.3%) and the NSE Nifty is trading down by 23 points (down 0.2%). The BSE Mid Cap index is trading flat, while […]
The Coming Contagion – CDS Sales Double From 2016
The issue of credit default swaps (CDS) in 2017 is running at twice that of last year reflecting rising concerns of another coming crash. The number of hedge funds and banks dealing with highly sensitive credit derivatives has reached almost $30 billion in 2017 up from only about $ 15 billion in 2016 and […]
As Far As Trump And Yields, Goldman Figures It Can’t ‘Feasibly’ Get Any Worse
There have been a lot of attempts recently to try and discern how much of the blame for falling yields and the flagging dollar can be placed at the feet of the man who they let do it only because he’s a star, Donald Trump. What makes these efforts so amusing is that some of […]
Cyber-Criminals Abandon Bitcoin; Homeland Admits “It’s A Lot More Legitimate Than People Think”
Regulators in the US, Europe and Asia who’ve sought to crack down on bitcoin – many of these regulators are also proponents of a “cashless society” – have been dealt a stunning setback by an unlikely defender of the pioneering digital currency: The US Department of Homeland Security. To wit, one anonymous DHS source told CNBC that bitcoin […]
EURUSD Daily Analysis – Thursday, Aug 31
EURUSD stays above a bullish support trend line on its 4-hour chart and remains in the uptrend from 1.1662. As long as the trend line support holds, the uptrend could be expected to continue and next target would be at 1.2165 area. Only a clear break below the trend line support could bring price back to […]
Gold Price Drop May Continue On US PCE Inflation Data
Gold prices continued to edge lower as a supportive round of US economic data bolstered Fed rate hike bets and drove the US Dollar higher, undermining support for anti-fiat assets (as expected). Follow-through proved limited however as markets look ahead to Friday’s official US employment figures before showing strong directional conviction. In the meantime, the PCE inflation gauge – the Fed’s […]
EC Eaton: Paying Dividends Every Year For Nearly A Century
While Eaton (ETN) won’t show up on the list of dividend aristocrats, the company has one of the most impressive dividend streaks in the world. Eaton has paid dividends every year for more than 90 years (dating back to 1923) and compounded its payout by more than 10% annually over the past decade. With a dividend […]
GBP: Negative Brexit Sentiment Weights But Not Much Further Scope For Selling
Brexit talks are into their third round. While the UK offered some concessions, the EU does not see enough progress. What does this mean for the pound? The team at BTMU analyzes: Here is their view, courtesy of eFXnews: BTMU FX Strategy Research argues that while the negative Brexit sentiment could put a downside pressure on GBP over […]
Share Markets In India Open On A Cautious Note Ahead Of GDP Numbers
Majority of Asian stock indices are lower today as Chinese and Hong Kong shares fall. The Shanghai Composite is off 0.43% while the Hang Seng is down 0.56%. The Nikkei 225 is trading higher by 0.7%. US stocks rose on Wednesday after stronger-than-expected US economic growth outweighed concerns about escalating tensions between the United States and North Korea. Back home, share markets […]
Gold Flash-Crashes
After the shenanigans in US mega-tech stocks over the last two days and the seemingly well orchestrated melt-up to pre-J-Hole levels in the dollar, why should anyone be surprised that ‘someone’ decided to try to sell $1.1 billion notional into the Asian open… Was The Bank of Japan at work again? The flash crash lows coincided […]
