Indian share markets ended the day on a flat note. At the closing bell, the BSE Sensex finished higher by 8 points. While, the NSE Nifty finished up by 2 points. Meanwhile, the S&P BSE Midcap Index ended down by 0.1% while S&P BSE Small Cap Index ended up by 0.1%. Sectoral indices ended the day on a mixed note with bank stocks and realty stocks leading the…
Traditional Markets The US markets were performing fairly well yesterday until about an hour before the closing bell when President Donald Trump sent this tweet… Most were already expecting this to happen, so it’s not clear why the markets took the news so poorly. In this graph, you can see the exact minute of the tweet circled…
Overnight Markets And News Jun E-mini S&Ps (ESM18 -0.32%) this morning are down -0.34% and European stocks are down -0.58% as Jun WTI crude oil (CLM18 -1.23%) falls -1.34% before President Trump’s decision on the Iran nuclear deal. President Trump said he will announce his decision at 1400 EST today on whether the U.S. will reimpose sanctions…
Australia’s retail sector failed to sustain growth in March after better than expected sales number in February. According to the Australian Bureau of Statistics (ABS), retail sales were flat in the month, below the 0.2 percent projected by economists. Suggesting that the 0.6 percent recorded in February might be as a result of the surge in…
EUR/USD 4 hour The EUR/USD is unable the break above the resistance lines (orange and red) of the downtrend channel. A bearish continuation could send price lower towards the Fibonacci targets of wave 3 (blue) around 1.17-1.18. A bullish breakout above the resistance zone could indicate a bigger retracement to the Fibonacci levels of wave…
For the first time in eight months, inflation-adjusted base money (aka M0) in the US contracted in March, slipping 3.7% vs. the year-ago level. The slide comes at a time when Fed Chairman Jerome Powell is emphasizing that markets should be expecting gradual interest rate increases in the months ahead. “Markets should not be surprised…
The EUR/USD has hit fresh 2018 lows below $1.1900 as the US Dollar continues marching forward. The potential pullout of Trump from the Iran deal is casting clouds on markets. The pair is at oversold territory, but the “vomiting camel” pattern seems to be taking over. The EUR/USD is trading below $1.1900, the lowest since the last…
U.S. futures and European stocks are modestly lower, following a mostly green Asian session, amid growing jitters over today’s 2 pm announcement by President Trump in which he will unveil the fate of the Iran nuclear deal. Ahead of Trump’s much anticipated announcement this afternoon, it has been a case of sell the rumor and the news…
The US dollar’s surge continues. The Dollar Index is testing the space above 93.00. A month ago it was below 90. It does not appear to require fresh developments. The market continues to trade as if there are short dollar positions that are trapped at higher levels and the briefest and shallow pullbacks are new opportunities…
Takeda Pharmaceutical (TKPYY) and Shire (SHPG) announced that they have reached agreement on the terms of a recommended offer pursuant to which Takeda will acquire the entire issued and to be issued ordinary share capital of Shire. Under the terms of the acquisition, each Shire shareholder will be entitled to receive $30.33 in cash for…
