Finance

Sensex Continues Downtrend; GSK Consumer Down 9%

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…

USD/CAD Daily Analysis – Wednesday, March 28

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…

Gold Surrender Gains As Dollar Rebounds

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…

Your Fears Realized

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…

FX COT Update: JPY Short Position Is Down 80%

  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….

Revelations Of Our Digital World

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…