Indian share markets continued to trade range bound in afternoon session amid mixed international markets after US tax bill was passed in the Senate and Bank of Japan kept interest rates steady. At the closing bell, the BSE Sensex closed lower by 21 points and the NSE Nifty finished lower by 15 points. The S&P BSE Mid Cap finished up by 0.8%…
EUR/USD 4 hour The EUR/USD is testing the Fibonacci levels of wave X v W. A break above the 138.2% Fibonacci level invalidates this wave X pattern and could indicate a larger bullish breakout. A bearish reversal could send the EUR/USD lower to test the Fib levels of wave 2 vs 1 (pink). 1 hour…
The boards of Euronav NV (EURN) and Gener8 Maritime (GNRT) announce that they have reached an agreement on a stock-for-stock merger for the entire issued and outstanding share capital of Gener8 pursuant to which Gener8 would become a wholly-owned subsidiary of Euronav. Terms of the merger are as follows: 0.7272 Euronav shares for each share…
It is generally accepted that the global economic recovery from the Great Recession (2008-09) has been unusually weak. Nonetheless, economic circumstances noticeably improved in the second-half of 2016, and since then the world economy seems to have settled into a somewhat more historical pattern of 3% plus annual growth. Thus, in its October 2017 Economic…
Crude oil prices rose after EIA inventory data showed raw material stocks shed 6.5 million barrels compared with a 3.48 million draw expected by the markets, while gasoline storage added 1.24 million last week, a smaller build than the 1.73 million median forecast. From here, the API monthly report headlines the day’s scheduled event risk. While it may…
The US Dollar, which had earlier moved within striking distance of the recently struck 1-week peak versus the Japanese Yen, is now struggling for traction. Earlier, the greenback had been lifted by rising yields in US Treasury instruments. Despite the Trump administration’s assurances to the contrary, investors appear concerned that the newly approved tax reform…
Crude oil close to a serious breakout scenario. Source: INVESTING.com
The surge in oil and natural gas production over the past few years have made pipelines, storage and associated energy infrastructure master limited partnerships (or MLPs) attractive bets in the energy midstream space. This is because these network providers derive a major portion of their revenues from fee-based contracts based on volume and are largely…
Gold prices ended Wednesday’s session up $3.98 an ounce as declines across global equity markets helped boost investor appetite for the precious metal. The weaker U.S. dollar index also worked in favor of the gold bulls. XAU/USD reached the daily Kijun-sen (twenty six-period moving average, green line) after the market climbed above the $1265 level….
Thursday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Long Royal Dutch Shell (RDS-A) Long RSP Premium (RSPP) Short Arthur J Gallagher (AJG)
