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  • Finance 0

    US Stocks Bucked The Trend With Another Solid Gain Last Week

    Selling dominated trading last week for the major asset classes, based on a set of exchange-traded products. The main exception: US equities, which posted a solid advance. Vanguard Total US Stock Market (VTI) increased 1.5% over the five trading days through Dec. 1. The weekly rise marks the ETF’s third straight weekly gain, leaving the fund just below a record high. The bullish trend for US equities last week was supported by the Senate’s approval of tax-cut legislation, which is expected to be signed into law by President Trump before Christmas. The resulting stimulus will deliver a modest boost for US economic growth in 2018, accordi...
    On December 4, 2017 / By
  • Finance 0

    Above The 40 – Another Sharp Panic Paves The Way For Fresh Buying

    AT40 = 60.6% of stocks are trading above their respective 40-day moving averages (DMAs)AT200 = 59.6% of stocks are trading above their respective 200DMAsVIX = 11.4Short-term Trading Call: cautiously bullish Commentary I call it a mini panic dip. Political news roiled the stock market for a brief moment, a grand 30 minutes in total (it sure seems like these dips get shorter and shorter in duration!). The market was buffeted by the cross-currents of President Trump’s potentially deepening legal troubles (allegations which later led to clarifications, corrections, and a suspension) and the promise of tax reform winning the day in Congress. ...
    On December 4, 2017 / By
  • Finance 0

    Dull Start To The Week; Software & Metal Stocks Rise

    Indian share markets continued to trade on a flat note in the afternoon session ahead of the Reserve Bank of India’s policy meeting on Wednesday. At the closing bell, the BSE Sensex closed higher by 37 points and the NSE Nifty finished higher by 6 points. The S&P BSE Mid Cap finished down by 0.1% while S&P BSE Small Cap finished down by 0.5%. Software stocks and metal stocks witnessed majority of the buying activity. Losses were largely seen in power sector, realty sector, and bank sector. Asian stock markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.22%, while the Nikkei 225...
    On December 4, 2017 / By
  • Finance 0

    EUR/USD: Buyers Retreating To The Trend Line

    Previous: Friday’s trading on the euro/dollar pair closed slightly down. Sellers erased nearly all their gains in the US session after the news that former national security advisor Michael Flynn was ready to give testimony against Trump. The euro jumped 84 pips from 1.1851 to 1.1935. Once markets had calmed down, the euro receded to 1.1895. Day’s news (GMT +3): 12:30 UK: PMI construction (Nov). 12:30 Eurozone: Sentix investor confidence (Dec). 13:00 Eurozone: PPI (Oct). 18:00 USA: factory orders (Oct). Fig 1. EURUSD hourly chart. Source: TradingView My expectations of a decline on Friday proved right, expect that before the drop, the eu...
    On December 4, 2017 / By
  • Finance 0

    Tax Bill Analysis: Spend Your Extra $100 Wisely

    In the Senate tax bill, someone making $100K gets an extra $100 to spend in 2027. Those making less than $75K lose money Tax reform was supposed to be simpler, more fair, not add to the deficit. and lower taxes on the middle class. It did none of those things, but it did lower taxes on corporations to 20%. Simpler – No The Senate version kept the complicated and much despised Alternative Minimum Tax (AMT). Senate Tax Brackets 7 vs House 4 Individual tax cuts expire after 2025 More Fair – No   Lower Taxes on Middle Class – No By 2027, only those making more than $100,000 a year gain from reform. Those making $100,000 to $500...
    On December 4, 2017 / By
  • Finance 0

    UK Construction PMI Beats With 53.1 – GBP Awaits Brexit Talks

    The UK construction sector continues recovering, with a score of 53.1 points in Markit’s construction PMI. This is significantly better than expected and points to stronger growth in this sector. GBP/USD is stable at 1.3440. It seems to be waiting for news from Brussels. Brexit negotiations are becoming intense (see details below the chart). Here is how the move looks on the 30-minute chart. There are clearly bigger events in play:   The UK construction purchasing managers’ index was expected to extend its recovery and rise to 51.2 points in November from 50.8 points. Last week’s manufacturing PMI slightly beat expectations. Tomorrow...
    On December 4, 2017 / By
  • Finance 0

    FX Week Ahead: Payrolls, BoC And RBA Meetings

    The markets open a new week in December with the economic calendar busy with the monthly data. A busy week for most of the G7 currencies, this week will see the RBA and the Bank of Canada holding their final monetary policy meetings for this year. No changes are expected from both the central banks. In the U.S, economic data will focus on the ISM’s PMI’s followed by the ADP private payrolls data. This will culminate with Friday’s non-farm payrolls report. This will be the final NFP report before the Fed will meet in a few weeks time to raise interest rates. Elsewhere, GDP reports are also lined up for Australia, the Eurozone, and Japan ...
    On December 4, 2017 / By
  • Finance 0

    Elliott Wave Intraday: AUD/JPY, Nikkei, Oil, USD/CAD

    Good day traders!  (Video length 00:11:20) Here is an intra-day VIDEO for AUD/JPY, NIKKEI, OIL, USD/CAD. Check it and have fun!...
    On December 4, 2017 / By
  • Finance 0

    Human Well-Being, Economic Growth And So-Called Decoupling

    Some people claim that humans—called breatharians—can live on air alone. Others claim we can have economic growth without increasing our resource use, so-called decoupling. Neither claim withstands scrutiny though here I am only going to deal with the second one. Hidden beneath the claim of decoupling is the assertion that human well-being and economic growth are synonymous. But, human well-being is far from a one-dimensional economic variable linked unalterably to more income and consumption. So, saying that economic growth must at some point come to an end to maintain the habitability of the planet is not the same as saying that huma...
    On December 4, 2017 / By
  • Finance 0

    Sensex Trades In Green; Infosys Up 3.5%

    After opening the day on a positive note, the Indian share markets have continued the momentum and are currently trading in green. Sectoral indices are trading mixed, with stocks in the IT sector and the telecom sector witnessing maximum buying interest, while stocks in the consumer durables sector are leading the losses. The BSE Sensex is trading up 105 points (up 0.3%) and the NSE Nifty is trading up 30 points (up 0.3%). Meanwhile, the BSE Mid Cap index is trading up by 1.5%, while the BSE Small Cap index is trading up by 1.3%. The rupee is trading at 64.39 to the US$. In news from stocks in the pharma sector. Dr. Reddy̵...
    On December 4, 2017 / By