The Pound Sterling came under pressure against the US Dollar as cautious traders exert their influence ahead of the Brexit negotiations. Only last week, the GBP/USD hit a 10-month peak after a dollar sell-off, with the Pound jumping nearly 2 cents last Friday, in the wake of disappointing data from the US. Softer than expected…
Indian share markets continued to witness selling pressure during the noon session. Losses are largely seen in FMCG stocks, oil & gas stocks and power stocks. While metal stocks and software stocks traded in green. The BSE Sensex is trading lower by 297 points and the NSE Nifty is trading lower by 70 points. Meanwhile, the BSE Mid Cap index is down by 0.2% & the BSE Small Cap index is…
In the latest in-depth overview of the troubles facing the US retail sector, which also serves as a recap of several previous articles posted on Zero Hedge, the FT’s Robin Wigglesworth asks “Will the death of US retail be the next big short”, something covered here back in March in “Why Some Think This Is…
EUR/USD took advantage of the dollar’s weakness to make a move to the upside. What’s next? A lot depends on the ECB. Here is their view, courtesy of eFXnews: EUR/USD: Mess About In Range Before Pushing Towards 1.1620 Tech Target – SocGen Societe Generale FX Strategy Research notes that the question this week is whether a…
International Business Machines (IBM – Free Report) is scheduled to report second-quarter 2017 results on July 18 after market close. Being the world’s largest computer-services provider, it is worth taking a look at its fundamentals ahead of results. IBM has bucked the trend of a broad technology surge this year, having shed 7.3% so far and lagging…
USD/JPY stays below a descending trend line on its 4-hour chart and remains in downtrend from 114.49. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be at 111.50 area. On the upside, a clear break above the trend line resistance will indicate that the…
The dollar index hit fresh nine-month lows on Tuesday morning, trading as low as 94.773 .DXY, after two more United States senators withdrew their support of Trump’s healthcare bill, a move that almost certainly sealed the bill’s demise. Without these two critical votes there isn’t enough support for the bill to procure a motion to…
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If you’re a Millennial, you may have noticed yourself using your credit cards less and less… and you aren’t opting for cash either. So many businesses (namely big coffee shops like Starbucks and Dunkin Donuts) now allow you to pay via your smartphone… and the trend is only growing. I read an article in Business Insider that…
The USD/CAD pair recently broke below the channel support and 1.2968 key support on its weekly chart, indicating that the long term bearish movement from the January 2016 high of 1.4689 has resumed. The pair extended its bearish movement to as low as 1.2627, facing an important support level at the May 2016 low of…
