Category Archive: Finance, No picture
EUR/USD Enjoying The Silence, As Long As It Lasts
EUR/USD is recovering from the lows seen yesterday. A better market mood helps as news about Italy is awaited. The technical picture looks positive for the pair. EUR/USD is trading around 1.1400, up on the day as the market mood improves. Stocks, oil, and also Italian bonds are ticking higher after a down day on Tuesday. […]
What 2009’s Thanksgiving Taught Us About China’s Trade War Strategy
We’re going to tie something that we learned during 2009’s Thanksgiving to China’s trade war strategy with the U.S. in this article, but we first need to set the stage for that lesson by examining an alleged mistake that China’s leaders have made. China’s leaders are facing unexpected and very rare criticism from the nation’s former top […]
AUDUSD Daily Analysis – Wednesday, Nov. 21
AUDUSD broke below the bullish trend line on the 4-hour chart, suggesting that the upside movement from 0.7164 had completed at 0.7337 already. Deeper decline to test l0.7164 support would likely be seen and a breakdown below this level could trigger further downside movement towards 0.7100. Resistance is at 0.7250, only a break of this […]
Crude Oil Prices May Bounce After Plunge On EIA Inventory Data
Crude oil prices swooned as global oversupply fears returned. The drop followed a report from S&P Global Platts saying China’s crude inventories quadrupled in October. It added that a further build is likely in November as demand wanes. Doubts about the potency of further OPEC supply cuts were already swirling, with the large restocking by the world’s second-largest […]
Sensex Trades In The Red; IT & Metal Stocks Drag
Asian stock markets are lower today as Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.7% while the Hang Seng is down 0.2%. The Shanghai Composite is trading down by 0.1%. US stocks dropped, and the Nasdaq fell 1.7% on Tuesday. Back home, India share markets have opened the day on a negative note. The BSE Sensex is trading down by 101 points […]
World And Dividend: 2 ETFs To Watch On Outsized Volume
In the last trading session, U.S. stocks ended lower due to massive sell-off in Internet and tech stocks. Among the top ETFs, investors saw SPY and (DIA – Free Report) lose 1.6%, and (QQQ – Free Report) move lower by 3.2% on the day. Two more specialized ETFs are worth noting as both saw trading volume that was far outside of […]
E The US Has Squandered Its Fiscal Room To Fight The Next Recession
“As we approach the 10th anniversary of the global financial crisis we should recall how we got there. In 2003-07, the US government pursued fiscal expansion and financial deregulation – an approach that, even at the time, was recognized as likely to constrain the government’s ability to respond to a recession. If the US continues […]
Secular Trends In Residential Building Permits And Housing Starts – Tuesday, Nov. 20
This morning, we reported separately on the latest residential building permits and housing starts in the government’s monthly report, courtesy of the Census Bureau and the Department of Housing and Urban Development. Despite the fact that both are monthly SAAR series (seasonally adjusted annualized rate), they are exceptionally volatile and subject to extensive revisions. Thus it is unwise to […]
