As the final week of 2017 is at hand I realize that I still have not made my monthly buy(s). As everything cryptocurrency took over the headlines in recent weeks you can imagine that my focus has strayed a bit. Of course, my long term investing priority continues to be my dividend growth portfolio and I still…
After opening the day marginally higher, share markets in India have traded flat and are trading marginally above the dotted line. Sectoral indices are trading on a mixed note with stocks in the pharma sector and stocks in the metal sector trading in green, while stocks in the energy sector are leading the losses. The BSE Sensex is trading up by 42 points (up 0.1%),…
After hugging the $1 level, Ripple ripped higher, but is now taking its time to consolidate its gains. XRP/USD is trading at around 1.1360 at the time of writing and testing the edges of its new, higher range. Resistance awaits at 1.15, which was the line that the cryptocurrency recovered to after the big crash on…
The EUR/USD has been bought on the dip that formed the right shoulder of the bullish SHS pattern also known as – Inverted Head and Shoulders. Holiday trading is always risky due to low liquidity, and lower liquidity might in turn, produce higher volatility. But at this point, the trading has been a bit quiet….
USD/JPY The US dollar fell slightly during the trading session on Tuesday, as traders came back from the holidays. However, most of them are still away so there is a serious lack of volume. I believe that falling from here makes sense, as we are at the top of the recent consolidation area. The 112-level…
The Fed is worried about low inflation. They should look at home prices, equities, junk bonds, and leveraged loans. 2017 was a Banner Year for Debt. Spreads continue to collapse and the ease at which leveraged debt is refinanced at lower yields is nothing short of amazing. Net Issuance of Investment Grade Bonds Speculative Default Rate…
Oil prices retreated on Wednesday from 2015 highs hit on Tuesday despite a supply disruption in Libya as production resumed on the Forties pipeline system in the North Sea on which cracks were discovered on December 11. The Forties pipeline is responsible for about 450,000 barrels per day which will be fully restored early in 2018. Approximately…
Venezuelans are struggling to carry out basic transactions like purchasing food as the value of their currency, the bolivar, has plunged against the dollar amid the country’s worsening economic collapse. According to Reuters, over the past year, Venezuela’s currency weakened 97.5% against the greenback: Put another way, $1,000 of local currency purchased in early January would be worth…
The reports on U.S. holiday shopping are coming fast and furious. The early tally looks quite bullish, and retail stocks responded. The SPDR S&P Retail ETF (XRT) jumped 1.1% today to a new high for the year. Surprisingly, trading volume of 3.7M shares remained well below the 90-day moving average of 5.0M. Post-Christmas cheer pushed…
Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a positive note with stocks in the healthcare sector and telecom sector witnessing maximum buying interest. The BSE Sensex is trading up 61 points (up 0.2%) and the NSE Nifty is trading up 5 points (up 0.1%). The BSE Mid Cap index is trading up by 0.3%, while the BSE Small Cap index…
