After opening the day higher, stock markets in India have continued their momentum. Sectoral indices are trading on a positive note with stocks in the metal sector and energy sector witnessing maximum buying interest. The BSE Sensex is trading up 243 points (up 0.8%) and the NSE Nifty is trading up 84 points (up 0.9%). The BSE Mid Cap index is trading up by 1.4%, while the BSE Small Cap index is trading up by 1.5%. The rupee is trading at 63.93 to the US$. Cadila Healthcare share price is witnessing buying interest today as Zydus Cadila received establishment inspection report from the US health regulator for its manufacturing ...
The Death of the U.S. Dollar as the world’s reserve currency will have a profoundly negative impact on the lives of most Americans. Unfortunately, 99% of the population has no clue. The only reason 1% of U.S. citizens understand what is going on, is because the Mainstream media and financial networks have distorted the truth and the reality of our present situation. What happened in the markets today was a perfect example. Zerohedge published an article today titled, ‘Traders’ Panic-Buy Stocks, Shrug Off Nuclear Armaggedon, Debt Ceiling, & Biblical Flood Fears, and stating the following: For a few brief hours overnight – until ...
Median U.S. new home sale prices continued to trudge slightly upward last month, continuing on their slow, upward trajectory after flattening somewhat last month. The following chart shows the latest updates in the relationship between the trailing twelve month average of median new home sale prices against the trailing twelve month average of median household income from December 2000 through a preliminary projection for July 2017. Let’s next zoom out to take in the panorama view of the data, this time going all the way back to 1967. The dashed red box in the upper right hand corner corresponds to the data shown in the first cha...
Yesterday, EUR/USD finally made a break above 1.20 and made it big-time. The pair even broke above the “whatever it takes” level of 1.2040 and hit a new high of 1.2070. However, this didn’t last. In the US session, the dollar gained some ground, also thanks to a high level of consumer confidence. The greenback gradually reasserted itself and EUR/USD climbed down from the highs, eventually slipping under 1.20. This climb down accelerates with a further drop: the pair is trading around 1.1950. Support awaits at 1.1870. Some of this drop is related to fear that a strong euro would push Draghi to announce a softer version of QE taperi...
It’s Wednesday, August 30th, I’m Kiana Danial, CEO of Invest Diva with NewsBTC and here is your crypotocurrency update. When Bitcoin and other cryptocurrencies first made an appearance a few years ago, many people — including myself– dismissed them as a fad. But now, here we are, with an estimated 5 to 10 million unique active users of cryptocurrencies. Now Bitcoin has found a way in the luxury market. Some people are buying goods and services with Bitcoin, but many are simply holding it as an asset, like gold or art. With that, it is no surprise that we saw yet another surge of BTC versus the USD on Tuesday, hitting a record ...
Asian stock markets are higher today as geopolitical tensions eased off after North Korea’s missile launch. The Nikkei 225 is up 0.55% while the Hang Seng is up 0.76%. The Shanghai Composite is trading flat. Meanwhile, stock markets in America finished in green overnight. Back home, share markets in India have opened the day on a firm note. The BSE Sensex is trading higher by 197 points while the NSE Nifty is trading higher by 72 points. The BSE Mid Cap and BSE Small Cap index opened the day up by 0.9% and 1.2% respectively. All sectoral indices have opened the day in green with stocks from metal sector and realty sect...
Crude oil prices continued to reckon with the impact of Tropical Storm Harvey. The WTI benchmark initially faced selling pressure amid continued concerns that hurricane-induced refinery shutdowns will undermine efforts to work through a supply glut, echoing yesterday’s price action. That narrative seemed to change however as amid reports that raw-material producers may respond to lingering pipeline disruptions by reducing output. That seemed to spark an intraday bounce, though this was to be short-lived even as API reported an inventory drawdown of 5.78 million barrels last week. Official EIA inventory statistics are now on tap, with...
Gold prices fell in U.S. trading on Tuesday, erasing earlier gains, as a rebound in stock markets put pressure on the metal. U.S. stock indexes were higher in afternoon action and the greenback recovered some of its recent losses. XAU/USD headed back towards the 1312 level following the rejection of the resistance area I pointed out in 1327.50-1324. It seems that the market will eventually test the support at 1312 today. If the bears win this fight, we may a visit to 1304 afterwards. To the upside, keep an eye on the intra-day resistance in the 1320/18 region. The bull will have to lift prices back above there so that they have can another ch...
After local Russian media reported earlier this year that the Russian Parliament could legalize bitcoin as soon as 2018, Deputy Finance Minister Alexei Moiseev this week signaled that authorities might instead seek to restrict its use. During an interview with Russia 24, a state-owned news channel, Moiseev said that Russian authorities should treat cryptocurrencies, including bitcoin, as sophisticated financial assets and restrict their use and trading to qualified investors only. Moiseev’s statement surprised members of Russia’s digital currency community, who had been lead to believe that the Russian government was finally warming ...