The Australian Dollar could be in for some volatile price action in the coming days with fundamentals pointing to potential losses while technicals say otherwise. In either instance, the pair may find itself being supported or restrained by near-term options-derived levels. Looking at the table below, AUD/USD one-day implied volatility is the highest of its major peers at 12.24%….
USDCAD remains in the downtrend from 1.2997, the bounce from 1.2728 is likely correction for the downtrend. Another fall could be expected after the correction and a breakdown below 1.2728 support could trigger further downside movement towards 1.2500.
Asian shares are trading on a negative note today. The Nikkei 225 is down 0.2% while the Hang Seng is down 0.1%. The Shanghai Composite is trading down by 0.2%. Back home, India share markets opened the day on a negative note. The BSE Sensex is trading down by 225 points while the NSE Nifty is trading down by 66 points. The BSE Mid Cap index is trading…
S&P 500 The S&P 500 break down a bit during the day on Tuesday, reaching down towards the 2700 level. We break down below the bottom of the shooting star for the Monday session, and if you remember the video from yesterday, I suggested that we could have a bit of a pullback. The market…
The primary trend for gold and silver over the past year and a half has been the absence of any clear direction in prices. Metals markets have been stuck in consolidation mode. Yet for silver, in particular, that consolidation has formed a clear and potentially powerful pattern. The silver market’s consolidation has formed a symmetrical…
Last week, used car prices had their biggest drop since 2009 – directly after the financial market meltdown of 2008. And right now, the auto market is showing signs of incredible worry. Delinquent subprime auto-loans are higher than they were in the last recession. Look for yourself. . . What’s interesting – and worrisome – is that consumers are…
Value investing is gaining popularity by the day. The success of value investors like Warren Buffett further underscores this. Buffett believes that proper understanding of the “intrinsic value” of a stock makes the task easier. Yardsticks such as dividend yield, the ratio of price to earnings or to book value are the most common forms…
After clinging to the green all day, despite a strong dollar, WTI/RBOB slipped into the red after API reported a much bigger than expected (and surprise) crude build (+4.854mm vs -1.75mm exp). API Crude +4.845mm (-1.75mm exp) Cushing +62k (+550k exp) Gasoline -3.369mm Distillates -768k After drawing down last week, expectations were for crude draw…
January was the last month in which China’s National Bureau of Statistics (NBS) specifically mentioned Fixed Asset Investment (FAI) of state holding enterprises (or SOE’s). For the month of December 2017, the NBS reported accumulated growth (meaning for all of 2017) in this channel of 10.1%. Through FAI of SOE’s, Chinese authorities in early 2016…
