Category Archive: Finance
USD/JPY At All Time Low
US to impose 50 billion worth of tariffs on China may cause investors to bail out of greenback, short USD/JPY? Fed Chairman Jerome Powell raised rates last week and cited a stronger outlook for the economy. However, he was cautious to not send signals about the path of policy. FOMC repeatedly mentioned they anticipate “further […]
All Hail The New Fed Triumvirate: Powell, Williams, Clarida
Former Fed Chairman Ben Bernanke said only three opinions matter: The Chairman, Vice-Chairman, and the NY Fed President. On March 1, the Wall Street Journal reported the White House Preparing to Nominate Richard Clarida as Fed’s No. 2 Official. Today we learn, San Francisco Fed’s John Williams Is Front Runner to Serve as New York Fed President. […]
Trade Tensions Trouble Markets
Asian shares were broadly lower on Monday, succumbing to another day of selloffs as traders continued to worry about the possibility of a trade war between the United States and China. The pressure was renewed after U.S. President Donald Trump proposed a tariff on Chinese goods that would be in addition to the import taxes […]
Complacency Reigns Supreme
This market is now communicating that it is at high risk. For two months now, I have been advocating a strategic retreat. Head for the sidelines and watch the action with an unemotional detachment. The market is now sounding the alarm and one should be on high alert for a downside acceleration. Plunger’s Bullet Points […]
AUDUSD Weekly Analysis – Monday, March 26
AUD/USD remains in the downtrend from 0.7916, the bounce from 0.7672 is likely correction for the downtrend. A breakdown below 0.7672 support could trigger another fall towards 0.7600. Resistance is at 0.7785, only a breakout of this level would suggest that the downtrend had completed at 0.7672 already, then further rise to 0.7850 area could […]
MSCI World Index At Critical Support Level
I last wrote about the MSCI World Index in my post of February 10 as one of the volatility gauges to monitor for clues in equity direction. At that time, its price was 2050.90 and I mentioned that 2032.74 was a critical major support level to watch. Since then, it has dropped further and closed just above that level on Friday, […]
Indian Indices Trade Marginally Lower; Oil & Gas Sector Down 1.6%
Share markets in India are presently trading marginally lower. Sectoral indices are trading on a negative note with stocks in the oil & gas sector and IT sector witnessing maximum selling pressure. The BSE Sensex is trading flat, while the NSE Nifty is trading down by 16 points (down 0.2%). The BSE Mid Cap index is trading down by 0.3%, while the BSE Small Cap index is trading […]
Gold Cycle Anomaly & USD Cycles
Gold update: While I don’t care much for Cycle anomalies (i.e. short of long cycle), I am not going to fight them. Therefore, I am very bullish on Gold given the short ICL that has been left behind but the yellow metal has disappointed before so we still need to be cautious until the next resistance […]
E SPY Offers Potential 11.11% Return In Under 3 Months For Bullish Traders
The stock market has had a bumpy ride lately and volatility is elevated. That means juicy option premiums for traders willing to bet that the market will rebound within the next few weeks. On Friday, VIX spike to 25.65, having been as low as 15.34 just a few days earlier. Traders, who believe the decline […]
SiaCoin Sees Rapid Gains – Sia’s Decentralized Cloud Storage Overview
SiaCoin Continues Gains: Majority of cryptocurrencies including Bitcoin, Ethereum, and others in top 30 continued to consolidate throughout the weekend. But there’s been one altcoin which saw rapid gains. Siacoin, ranking 29th in terms of coin market cap, gained 16.60% on Sunday after ranging for 4 consecutive days. What is SiaCoin? Sia is tapping on the […]
