Author Archives: Darren Marchal
Tearing Up The Dollar
Traditional Markets He was said to be the president for the traders and so far Donald J Trump has not disappointed in bringing market volatility. Even though market participants were well prepared for the decision to exit the Iran deal, it didn’t stop things from getting shaky when the announcement was made. Here’s the price of…
Sensex Ends Day In Green; Tata Motors Up 3%
After opening the day in red, share markets in India witnessed a turnaround and then continued the momentum throughout the day and ended the day in green. Sectoral indices were mixed, with stocks in the IT sector and stocks in the capital goods sector leading the gains. At the closing bell, the BSE Sensex stood higher by 103 points (up 0.3%) and the NSE…
EUR/USD Bearish Breakout Continues In Downtrend Channel
EUR/USD 4 hour The EUR/USD downtrend continued yesterday with one more lower low within wave 3 (green). The bearish momentum could be aiming at 1.17-1.18 support zone before a larger correction within a wave 4 (green) could take place. Price remains however in a downtrend as long as price stays within the bearish channel and…
Is The Long-Running Drought In Value Investing Ending?
The strategy of favoring low-priced stocks over their high-price counterparts has been floundering in recent years, inspiring some investors to give up on the value tilt for money management. But a recent run of reporting suggests that a new dawn may be at hand for this corner of investing. A Barron’s cover story on April…
USD/CAD Awaits A Hopeful Canadian Jobs Report
Canada is expected to post a second consecutive month of upbeat job gains. The high hopes for the April are based on other positive data but may lead to disappointment. The USD/CAD is looking for a new direction, and this report may supply it. Canada publishes its jobs report on Friday, May 11th, at 12:30…
Argentina In Talks With IMF
With interest rates at a dizzying 40% and inflation at 25.6%, one might say that the Argentinian economy is in a high fever as the nation’s leadership try to impose market reforms, cut government spending and end protectionism. Whilst unpopular at home, the measures are naturally meeting resistance at home. It is understood that Argentina…
BoE To Stay On Hold On Thursday
On Thursday the BoE will publish the MPC’s policy decision, the May Inflation Report and the minutes of the MPC meeting due to end on 9 May. We expect a majority of the nine-member MPC to vote in favor of maintaining the bank rate at 0.50%, with Ian McCafferty and Michael Saunders likely dissenting in…
Gold – Wednesday, May 9
Gold not far from confirming a bearish triple top. pricechart: INVESTING.com
WTI Crude Oil And Natural Gas Forecast – Wednesday, May 9
WTI Crude Oil The WTI market was very volatile during the trading session on Tuesday, as the markets prepared for Donald Trump to leave the Iranian deal. Instead of breaking the deal apart completely, the United States has offered more sanctions, so in a sense it was probably the “least bad” scenario for crude oil….