Nifty Touches Its All-Time High; Telecom Stocks Witness Buying
After opening the day on a positive note, Indian share markets have continued their momentum and are presently trading in the green. Sectoral indices are trading on a positive note with stocks in the telecom sector and energy sector leading the gains. The BSE Sensex is trading up 193 points (up 0.7%) and the NSE Nifty is trading up 58 points (up 0.6%). The BSE Mid […]
Trade Wars Begin: Trump Announces 20% Tariff On Canadian Softwood Lumber Imports
Speaking during a first of its kind meeting dedicated only to members of the U.S. conservative media, including Breitbart News, OANN and Daily Caller, President Trump told reporters to expect a 20% tariff on softwood lumber coming into Canada. “We’re going to be putting a 20 per cent tax on softwood lumber coming in — tariff on […]
Canadian Dollar Dives On Trump Timber Tax Reports
The Trump administration seemed to have a cuddly relation with Canada while bashing Mexico on trade. This has probably changed. According to reports, the Trump administration is set to announce a retroactive tax on lumber. President Donald Trump said that Canada treated the US unfairly and took advantage. He recently complained about the mistreatment of Wisconsin’s dairy […]
E USD Index Trading In The Final Stages Of A Correction
On the 4h chart of USD Index we have seen a deep decline over the past few months, which is seen as a corrective move, but still unfolding after that gap down to 99.10. An updated structure and recent activity suggests that downward movement is underway in wave C) of four and is looking for […]
EUR Breaks Higher To Open Week With Largest Gap Open On Record
Video length: 00:32:05 Most attention on Monday was placed squarely and appropriately on European Assets. The DAX has broken to all-time highs and has traded more than 400 points or 3.3% higher. Additionally, German Bund prices on the front end have dropped aggressively sending the yield up 11.9%. The higher yield aligned with EUR/USD pushing higher as […]
Sensex Opens Strong; Nifty At All Time High
Asian stock markets are higher in today’s trade buoyed by Wall Street gains as well as relief that North Korea did not conduct another missile test to mark a military anniversary. The Shanghai Composite is up 0.32% while the Hang Seng is up 0.93%. The Nikkei 225 is up by 0.84%. Stock markets in Europe and US finished on a strong note […]
Wall Street Rally Inspires Asian Markets
The global stock rally extended into Tuesday following a rally on Monday on Wall Street spurned by centrist Emmanuel Macron’s electoral win in France over the weekend. Japan’s Nikkei 225 gained 0.8 percent by midday to hit 19,034.74, the first cross of the 19,000 level in three weeks. The Shanghai composite was up 0.42 percent […]
Above The 40 – The Stock Market Breaks Out With A French Fly
AT40 = 61.0% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 63.0% of stocks are trading above their respective 200DMAsVIX = 10.8 (volatility index)Short-term Trading Call: bullish Commentary Going into the first round of the French Presidential election, I figured the best case scenario was the absence of a market sell-off. I never even […]
GBP: Market Still Short & Sterling Still Cheap – BNPP
With the intense focus on the French elections, one can forget about the announcement to hold elections in the UK, a declaration that triggered a massive short-squeeze. And after cable slipped from the highs of 1.29, the team at BNP Paribas states that GBP/USD is still cheap: Here is their view, courtesy of eFXnews: BNP Paribas […]
How Can You Increase Your Retirement Income?
How can you increase your retirement income and avoid risk? That’s tricky, and a lot of folks simply opt to put their money in the bank. But the good news is that there are other options, aside from the bank, for reducing risk and generating more retirement income. While banks present a lower risk than […]
