Positive data out of Japan on Tuesday did little to move the markets as thin post-holiday trading continued, and traders seemed to relish their end-of-year vacation. Japan’s Nikkei 225 was down 0.19 percent as of 1:48 p.m. HK/SIN on Tuesday, while South Korea’s Kospi gained 0.03 percent and the Shanghai Composite was 0.27 percent higher….
Background PT Jasa Marga (Persero) Tbk is Indonesia’s largest toll-road operator and is also engaged in construction of toll roads, with an 80% market share of transactions. It is a 70% state-owned enterprise (SOE). It runs 22 toll roads through the group. Most of the toll roads are located in the densely populated Greater Jakarta…
Last week, in “Raise Your Hand If You Traded Bitcoin And Bitcoin Cash On Inside Information In The Last 48 Hours,” we documented the rather suspicious price action leading up to Coinbase’s Tuesday evening announcement about bitcoin cash. Specifically, Bitcoin took an abrupt dive right around the close on Wall Street. A little over three…
Written by marcuss “Tama, how much should I invest in cryptos?” It’s one of the most common questions I’m asked about cryptocurrencies. And I get it. A lot of people think cryptos are in a big bubble. They’re some of the most volatile asset markets have ever seen. And with so many different types of cryptos out there, it…
Bearish Pennant threatens Bitcoin. Video Length: 00:09:00
As much as I wish I could introduce you to the basics of Agent 007 impersonators, I am actually talking about the kinds of bonds that make YOU money. Everyone is aware of the sex appeal associated with stocks, but bonds unfortunately lack the same appeal especially when the stock market is in full bull-mode…
Asian stock markets are trading mixed today. Japan’s Nikkei 225 lost 13 points in the early trade. On the other hand, China’s Shanghai Composite gained 9 points. While, Hong Kong’s Hang Seng remained closed on account of Christmas holiday. Major indices in the US closed slightly lower on Friday but finished higher for the week. Back home, India share markets have opened…
As you can see there will be an option expiration for the January 2018 contracts for gold and silver futures on the Comex. Within the next few days I will mark the more important contract months on the calendars. For example, the trading for the February gold contract has the most volume by far compared…
S&P 500 The S&P 500 did very little during the trading session on Friday, as we have gotten a bit overextended. With the lack of volume, it’s not a huge surprise that the market simply sat still. The 2700 level above is massive resistance, and I think at this point we are more likely to…
Yesterday we published the first set of 7 “What If” scenarios that didn’t make it into the Citi Credit team’s (already rather gloomy) year-ahead forecast. Because while Citi’s “base case” was clearly bearish (our summary can be found here), what was left unsaid was even more unsettling, if not troubling. As the bank’s credit team wrote “what about…
