Sensex Finishes Flat; HDFC Bank Surges 2.4% On Firm Q4 Results
After a positive opening, Indian share markets witnessed selling pressure in the afternoon session to close marginally below the dotted line due to selling in FMCG stocks, healthcare stocks and metal stocks despite firm global cues. At the closing bell, the BSE Sensex stood lower by 57 points, while the NSE Nifty finished down 17 points. Meanwhile, the S&P BSE Mid Cap and the S&P BSE Small Cap finished up […]
World Economic Growth Is Expected To Rise From 3.1 Percent In 2016 To 3.5 Percent In 2017
from the International Monetary Fund Global economic activity is picking up with a long-awaited cyclical recovery in investment, manufacturing, and trade. World growth is expected to rise from 3.1 percent in 2016 to 3.5 percent in 2017 and 3.6 percent in 2018, slightly above the October 2016 World Economic Outlook (WEO) forecast. Stronger activity and […]
Weekend Reading: Trump Trade Runs Into Trouble
On Tuesday, I discussed the issuance of the “weekly sell” signal and the implications for the markets over the intermediate term. However, I also stated the markets could well have a reflexive, oversold, bounce in the short-term with two potential outcomes. To wit: By the time weekly signals are issued on an intermediate-term basis, the market is generally oversold, with […]
EUR/USD Drops Amid Paris Shootings
Despite a quiet day, stock markets managed to edge higher yesterday, however sentiment is fragile ahead of the Presidential elections this Sunday in France, and a shooting having taken place in Paris which ISIS claimed responsibility for, adding further uncertainty. Major events of the day: Eurozone PMIs will be released in European session today while UK […]
European, US Stocks In Eerie Calm As French Vote Looms
Global markets were oddly calm on Friday, the last day of trading before the first round of France’s closely fought presidential election, with European stocks posting modest declines ahead of Sunday’s main event, Asian shares rising, and set for first weekly gain in the past month, while U.S. futures were unchanged. French bond yields hit […]
It’s A Tough Life For OPEC!
The recent rally for crude oil, came to a shuddering halt this week with Wednesday’s wide spread down candle driving oil prices firmly back towards the $50 per barrel region, and wiping out much of the gains of the last few weeks. This was against the backdrop of the weekly oil inventories, and despite recording […]
EUR/USD, GBP/USD And EUR/CAD TA – April 21
EUR/USD intra-day analysis EUR/USD (1.0716): EUR/USD rallied to a fresh three week high yesterday at 1.0777 before giving up the gains towards the close. The single currency fell closer to the evening after news outlets reported a terrorist attack in France, just ahead of Sunday’s French elections. From a technical stand point, the failure to […]
Preqin: Another Net Outflow Year Underway For Hedge Fund Industry
In the February issue of its Hedge Fund Spotlight, Preqin looks into its crystal ball and tells us of its near term (2017) predictions for the hedge fund industry. The article begins with a simple observation: hedge funds saw net outflows of assets under management (AUM) in 2016. Likewise, 54% of all funds considered individually recorded net […]
EUR/USD And GBP/USD Forecast – Friday, April 21
Video length: 00:01:17 EUR/USD The EUR/USD pair rallied during the day on Thursday, breaking above the 1.0750 level. If we can break above the top of the candle for the session, I think that is a very bullish sign and should send this market to the upside, perhaps reaching towards the 1.08 level, and then […]
When The Wheels Stop Rolling
When it comes to new car sales, most Americans are payment buyers. We want a good deal, for sure, but we really need a car payment that fits our monthly budgets. That’s a problem, given that we also want premium brands, snazzy features, and, for many of us, hulking big machines that look like they’d […]
