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Month-End Adjustments And Tentative Stabilization In Emerging Markets Ease Demand For Dollars But Not Yen

Month-End Adjustments And Tentative Stabilization In Emerging Markets Ease Demand For Dollars But Not Yen

The dramatic price action seen yesterday among several emerging market currencies is eased today, but here at month-end, demand for risk-assets is tentative at best. The macro backdrop, including the increase in US core inflation, expectations for continued hikes by the Federal Reserve, and unambiguous signals that trade tensions will increase in the coming weeks dampens […]
The Recovery In Agricultural Futures, Post-Tariff Imposition

The Recovery In Agricultural Futures, Post-Tariff Imposition

Soybean harvesting begins soon, with the new market year (9/1-), and it was thought by some observers that as China would have to eventually access American soybeans, so prices would recover. That event has not occurred. Source: http://www.barchart.com/futures. American soybeans continue to sell at a substantial discount, as shown here: Source: Farmfutures. Nor have hog prices recovered. Source: http://www.barchart.com/futures. While […]
Can Tesla Hold $300? And Some Other Random Thoughts

Can Tesla Hold $300? And Some Other Random Thoughts

Tesla’ stock held $300 yesterday but has been in a sharp downtrend since doubt surfaced about going private. Go Profitable Or Go Private At some point, fundamentals will drive the shares again. Going profitable is much more valuable to shareholders than going private. So while going private could fetch a measly $420, we still think […]
EUR/USD Trades In A Downtrend Channel As August Draws To An End

EUR/USD Trades In A Downtrend Channel As August Draws To An End

The EUR/USD is attempting to recover on some ECB hawkishness. Concerns about US tariffs, EM, and Italy weigh. The technical graph shows the pair is trading in a downtrend channel. The EUR/USD is trading just below 1.1700, marginally higher on the day. ECB member Ewald Nowotny said that Italy’s issues would not stop his institution from raising […]
Sensex Trades Marginally Lower; Rupee Continues Downtrend

Sensex Trades Marginally Lower; Rupee Continues Downtrend

Share markets in India are presently trading lower. Sectoral indices are trading on a mixed note with stocks in the bank sector and metal sector witnessing maximum selling pressure. The BSE Sensex is trading down by 94 points (down 0.2%), while the NSE Nifty is trading lower by 26 points (down 0.2%). The BSE Mid Cap index is trading up 0.1%, while the BSE Small Cap index is […]
EURUSD: Bulls Trying To Defend 1.1650

EURUSD: Bulls Trying To Defend 1.1650

Previous: On Thursday the 30th of August, trading on the EURUSD pair closed down. After an unsuccessful attempt by bulls to return the rate to 1.1734, the euro shed 65 pips against the dollar to reach 1.1642. The US dollar index started growing on the back of a retreat from risky assets caused by a decline […]
WTI Crude Oil And Natural Gas Forecast – Friday, August 31

WTI Crude Oil And Natural Gas Forecast – Friday, August 31

WTI Crude Oil The WTI Crude Oil market rallied again and broke above the $70 level during trading on Thursday, but the daily candle doesn’t tell the whole story. As somebody who was trading the futures markets today, I can tell you that most of the move occurred late in the day, and quite frankly […]
Propy Helps Blockchain Technology Get Vermont Government Approval

Propy Helps Blockchain Technology Get Vermont Government Approval

The blockchain technology is expanding in interesting directions, and we have lesser-known crypto companies such as Propy to thank for it. The State of Vermont in the US has reportedly signed a bill into law to start supporting blockchain developments. Here’s more about the new legislation, and Propy’s Land Records project. New Vermont Law Helps Blockchain […]
The Entropy Wars

The Entropy Wars

Five Financial Uncertainties of 2018 (So Far) Here we are in the middle of the second year of Donald Trump’s presidency and if there’s one thing we know by now, it’s that the leader of the free world can create an instant reality-TV show on geopolitical steroids at will. True, he’s not polished in his […]
Gold Remains Range Bound

Gold Remains Range Bound

Gold prices dropped $6.76 an ounce on Thursday, dragged down by a stronger dollar. The dollar pared some of its losses after fresh economic data suggested the U.S. economy sustained momentum going into the second half of the year. Some chart-based selling was also behind gold’s 0.55% drop yesterday. A failure to break through the […]