AUDUSD is facing a resistance of the top trend line of the price channel on its 4-hour chart. As long as the channel resistance holds, the bounce from 0.7532 could be treated as consolidation of the downtrend from 0.7897, and a breakdown below 0.7532 support could trigger another fall towards 0.7450. On the upside, a…
In the Currency Strength table, the EUR was again the strongest currency while the NZD was again the weakest. There were some significant changes last week with the GBP, CHF and CAD gaining 1 point and the JPY losing 2 points and the USD losing 1 point. The other currencies remained at the same level of…
Purpose The Insolvency and Bankruptcy Code, 2016 (IBC) is the bankruptcy law of India which seeks to consolidate the existing framework by creating a single law for insolvency and bankruptcy. The Insolvency and Bankruptcy Code, 2015 was introduced in Lok Sabha in December 2015. It was passed by Lok Sabha on 5 May 2016. The…
After opening the day negative, share markets in India continued the downward spiral and are currently trading in the red. Sectoral indices are trading on a mixed note, with stocks in the consumer durables sector and stocks in the realty sector witnessing maximum buying interest. While stocks in the metal sector are leading the losses. The BSE Sensex is trading down by 120 points (down…
One of the recurring themes of financial history is government over-reach leading citizens to mistrust the local currency and move money overseas, prompting the government to try to trap that wealth within its borders. This nearly always fails because rich people are clever and borders are really hard to seal. The latest chapter in this…
Another reminder never to listen to pundits, this time with data on UK home prices gathered over the past ten months… In a result that surprised many, the vote on June 23 2016 resulted in a decision to leave the European Union. The impact of the decision has been much debated, with many economists stating that the UK…
Previous: On Friday the 24th of November, trading on the euro closed up. The euro has gained 231 pips (+1.97%) against the dollar in the space of 4 days. The US dollar came under pressure after the minutes of the latest FOMC meeting were published (22nd of November), as well as from weak US data and a…
Gold prices settled at $1288.31 an ounce on Friday, suffering a loss of 0.29% on the week, as strength in global equities curbed appetite for the safe-haven metal. XAU/USD began the week heading lower but the anticipated support in the 1274/1 area kicked in and stopped the market from falling further, pushing it back to…
Video Length: 00:03:48 Four Pillars of GDP: Private consumption and investments Malaysia’s GDP has been growing at a steady clip just above 5% over the last four quarters. Private consumption has been the main contributor to GDP growth, contributing almost 70% of it, but investments have also lent its hand. Valuation above average, earnings growth…
S&P 500 The S&P 500 initially pulled back on Friday but then broke above the 2600 level. This is a significant move, and breaking to a fresh, new high suggests that the buyers are going to continue to go much higher, perhaps reaching towards the 2650 level next. I think short-term pullbacks continue to be…
