Sensex Today Rallies 1,293 Points; Nifty Tops 24,800 Mark
After opening the day on a positive note, Indian share markets continued the momentum as the session progressed and ended on a firm footing.The equity market bulls were back on Dalal Street. The S&P BSE Sensex soared more than 1,000 points, while the Nifty 50 index rallied over 350 points.At the closing bell, the BSE Sensex stood […]
USD/CAD Outlook: Posts 3-Month Top Following 2nd BoC Rate Cut
The USD/CAD outlook shows strong bullish sentiment as the Canadian dollar wallows near a 3-month low after a second Bank of Canada rate cut. Moreover, the central bank signaled further easing if inflation continues cooling.On Wednesday, the Bank of Canada lowered borrowing costs by 25 basis points to 4.5%. This was the second rate cut […]
EUR/JPY Price Analysis: Risk Of Recovery After Deep Sell-Off
EUR/JPY is at risk of recovering after the steep sell-off of the last two weeks has stalled. The EUR/JPY pair reached a low of 164.83 on Thursday – well below its July 11 peak of 175.43. Since then it has been edging higher as the pair recovers from oversold extremes. EUR/JPY Daily Chart The pair formed […]
USD/CAD Price Analysis: Reaches Critical Point At Ceiling Of Three-Month Range
USD/CAD has risen to the top of the range it has been trading in since the middle of April. It is at a critical point – a decisive breakout higher would signal a new uptrend; a reversal, however, might signal the continuation of the sideways trend it has been in for the last over three months. […]
Bear Of The Day: Kohls
Kohl’s (KSS), a specialty department store chain with 1,100 locations across the United States, has struggled significantly in recent years due to deteriorating business fundamentals.The company’s lackluster performance is underscored by a Zacks Rank #5 (Strong Sell) rating, falling sales growth, and a relatively high valuation despite its challenges. Given this setup, investors should approach Kohl’s stock with […]
Unlocking ASX Trading Success: CSL Limited – Friday, July 26
ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, our Elliott Wave analysis today provides an update on the Australian Stock Exchange (ASX) featuring CSL LIMITED – CSL. According to our analysis, CSL may be advancing with wave ((iii)) – navy.ASX: CSL LIMITED – CSL Elliott Wave Technical Analysis ASX: CSL LIMITED – CSL 1D […]
NZD/USD Price Analysis: Strives To Come Out Of Woods
NZD/USD finds a cushion near 0.5880, while the overall outlook remains bearish. Investors await the US core PCE inflation for June for fresh guidance on Fed interest rates. The New Zealand Dollar weakens due to multiple headwinds. The NZD/USD pair finds temporary support near an almost three-month low of 0.5880 in Friday’s European session after […]
The Price Of Bitcoin Has Been On A Surge Since Last Night
Bitcoin chart analysisBitcoin’s price has been in a strong bullish consolidation since yesterday at $63424. After some consolidation, we managed to move above the $65000 level and get support from the EMA 200 moving average. After that, the growth continued this morning up to $67,500. The price stopped there and held steady above $66900.In this […]
USDJPY Rebounds Ahead Of US PCE And BoJ Policy Meeting
USDJPY rebounds from 12-week low US PCE data today might lead to Fed rate cuts Markets imply 89.3% chance of rate cut in Sept BoJ may potentially hike interest rates RSI at 30.56 hints potential USDJPY technical rebound The USDJPY continues to rebound after hitting a 12-week low of 151.942 in yesterday’s (July 25th) trading session.The markets are now preparing for important economic data from […]
Raytheon Technologies Corporation (RTX) Dividend Stock Analysis
Image Source: Pixabay Linked here is a detailed quantitative analysis of Raytheon Technologies Corporation (RTX). Below are some highlights from the above linked analysis:Company Description: Raytheon Company, the world’s fifth largest military contractor, specializes in making high-tech missiles, advanced radar systems and sensors, defense electronics, and missile defense systems.Fair Value: In calculating fair value, I consider the NPV MMA Differential […]
