For the second day in a row, Asian stocks were dragged lower by tech stocks and Apple suppliers, with the MSCI Asia Pacific Index down 0.2% led by Samsung Electronics and Taiwan Semiconductor Manufacturing in response to the previously noted report that Apple will slash Q1 sales forecasts for iPhone X sales by 40% from 50 million…
Indian share markets witnessed buying momentum in the afternoon session and finished on a positive note. At the closing bell, the BSE Sensex closed higher by 70 points and the NSE Nifty finished higher by 39 points. The S&P BSE Mid Cap finished up by 0.8% while S&P BSE Small Cap finished up by 0.7%. Gains were largely seen in realty sector, metal sector and pharma sector. Asian…
EUR/USD: The pair now looks to build up on its past week gains though seeing price hesitation on Friday. On the upside, resistance comes in at 1.1900 level with a cut through here opening the door for more upside towards the 1.1950 level. Further up, resistance lies at the 1.2000 level where a break will…
Stocks in emerging markets head into the final week of trading for 2017 with a bullish tailwind. Rising for a third week in a row, equities in this corner posted the strongest gain among the major asset classes for the five trading days through Dec. 22, based on a set of exchange-traded products. Vanguard FTSE Emerging Markets…
Litecoin has been shaken by the crypto-crash that currencies experienced last week: it plunged after the big rally. Yet like bitcoin, the long Christmas weekend gave LTC some time to rest, consolidate and look for a new direction. Looking at the charts, it still hasn’t decided on a new technical direction. The digital currency is confined to a…
The gold is quickly recovering after a drop to Monthly L5 level during this holiday trading mode. Christmas trading and pre-New Year price action is a bit slow. Banks are off, traders are off work, so be careful if you still want to test you luck against low liquidity. Technical perspective on Gold looks twofold….
SPX Intra Day Elliott Wave view suggests that rally from 11.15 low at 2557.45 is unfolding as an Ending Diagonal where Minor wave 1 ended at 2665.19 and Minor wave 2 pullback ended as a zigzag correction at 2624.19 low. Minor wave 3 is in progress as a double correction with a target of 2731 – 2757. Up from 2624.19, Minutte wave (a) of ((w))…
After opening the day marginally higher, share markets in India witnessed volatile trades and are presently trading marginally lower. Sectoral indices are trading on a mixed note with stocks in the telecom sector and banking sector witnessing maximum selling pressure. Stocks from the realty sector are trading in the green. The BSE Sensex is trading down 11 points (down 0.03%) and the NSE Nifty is trading down…
WTI Crude Oil The WTI Crude Oil market fell slightly during the session on Friday, but turned around to form a hammer yet again. This looks as if it is a market that is trying to grind its way to the upside, and I think that given enough time we are going to go looking…
In the coming years, China shall aim at high-quality development, while seeking to forestall financial and international risks. The recent Central Economic Work Conference marked a historical point in China’s economic development. After Mao’s struggle for the mainland’s sovereignty, and Deng’s economic reforms and opening-up, President Xi’s team seeks complete much of the transition to…
