USDCAD is now in the downtrend from 1.2997, the bounce from 1.2728 is likely consolidation for the downtrend. Range trading between 1.2728 and 1.2850 would likely be seen in a couple of days. The downtrend could be expected to resume after the consolidation and a breakdown below 1.2728 support could trigger another fall towards 1.2600.
S&P 500 The S&P 500 initially tried to rally during the day on Monday but found the 2750 region to be far too resistive. We turned around to form a shooting star that of course is a negative side. However, this is a market that has recently broken down and made a “higher high”, and…
Mike Gleason: It is my privilege now to welcome in Craig Hemke of the TF Metals Report. Craig runs one of the most highly respected and well-known websites in the entire industry and has been covering the precious metals for a decade now, and he puts out some of the best analysis on banking schemes, the flaws…
In a sudden turnaround, the Bank of England (BOE) has kept interest rates unchanged despite previous speculation of a rise. The MPC (Monetary Policy Committee) has voted 7-2 for maintaining the rate at 0.5%. The move has surprised most market analysts. As a result, the pound fell to $1.35 on May 10. Analysts on Tenterhooks The chief…
In my last U.S. stock market update in April, I showed that the major indices were still in a confirmed uptrend despite the volatility experienced in the first quarter of this year. Despite a large amount of seemingly bearish and threatening news – from tech scandals to geopolitics – the market’s rally has continued over the…
On Monday, share markets in India opened on a flat note and ended their session marginally higher. The BSE Sensex closed higher by 21 points, while the broader NSE Nifty ended the day flat. Losses were largely seen in the consumer durables sector and telecom sector, while banking stocks ended the day in the green. Top Stocks in Action Today Lupin share price is likely to be…
from CoreLogic National home prices increased 7 percent year over year in March 2018, and are forecast to increase 5.2 percent from March 2018 to March 2019. Further, an analysis of the market by price tiers indicates that lower-priced homes experienced significantly higher gains, according to the latest CoreLogic Home Price Index Report. CoreLogic analyzes four…
This week it’s the Fed’s bank loan officer survey and the S&P 500. The US Federal Reserves’ loan officer survey provides insight into bank lending standards and can give an important cross-check against the markets. So much so, that you could easily call this chart the bear market warning indicator. And the bottom line is…
Six of eight indexes on our world watch list have posted gains through Monday, May 14, 2018. The top performer this year is Hong Kong’s Hang Seng with a gain of 5.42%. In second is India’s BSE SENSEX with a gain of 5.16%. In third is France’s CAC 40 with a gain of 4.29%. Coming…
