After opening the day in red, share markets in India have continued to slide and are trading below the dotted line. Sectoral indices are trading on a mixed note with stocks in the metal sector and stocks in the metal sector leading the losses. The BSE Sensex is trading down by 175 points (down 0.5%), and the NSE Nifty is trading down by 53 points…
Rio Tinto said last night that it entered into a binding agreement with a consortium comprising private equity manager EMR Capital and PT Adaro Energy Tbk, an Indonesian listed coal company, for the sale of its entire 80% interest in the Kestrel underground coal mine in Queensland, Australia, for $2.25B. Rio Tinto CEO J-S Jacques…
In our previous article regarding the potential China/Asia Economic Implosion, we illustrated how the property market cycles in China (Beijing) are in the early stages of a potentially topping and a massive drop in value. Today, we are going to try to expand on this analysis a bit further by illustrating how the US and other global…
USD/CAD failed to break below 1.2803 support and rebounded from 1.2814. A breakout of 1.2948 resistance would confirm that the downside movement from 1.3124 had completed at 1.2814 already, then next target would be at 1.3000, followed by 1.3124. On the downside, as long as 1.2948 resistance holds, the sideways movement in a trading range…
Wednesday’s stock picks Take a look at three trading ideas to prep you for the next trading session. Short Alphabet (GOOGL) Short Chicago Bridge & Iron (CBI) Long Shake Shack (SHAK)
GBP/USD 4 hour The GBP/USD seems to be expanding the wave 4 (green) retracement and is retesting the Fibonacci levels. Wave 5 (green) could retest the previous top (red), which is an area where price can temporarily pause or reverse. 1 hour The GBP/USD could be completing a wave C (grey) of a wave 4…
Gold prices ended Tuesday’s session down $8.98 an ounce, pressured by a rebounding dollar. XAU/USD initially headed higher but it was unable to break through the resistance around $1358. Consequently, prices fell below $1345-1343 and returned to the support at the $1340 level as expected. In the latest economic data, The Conference Board’s consumer confidence…
This is not click bait to have you read yet another bearish article on the stock market. I am bearish, by the way, but that has nothing to do with this article. Whether you manage large sums that are deeply invested in the market and hard to withdraw, or you are on a fixed income…
EURUSD Non-Commercials reduced their net long positions in the Euro last week selling 14k contracts to take the total position to 133k contracts. This latest reduction in long positioning comes amidst the first sign of moderating economic activity in the Eurozone. Trading is expected to be light this week ahead of the Easter holidays….
Sink Your Fangs It seems like many of Wall Street’s favorite stocks had something weighing down on them, I mean, other than the massive personal data revelations and upcoming regulatory crackdown. Google, lost a case against Oracle and may be liable for $8.8 Billion in copyright infringements. Tesla and Nvidia plunged as they were forced to halt…
