Day: August 3, 2020

Lockdown lifestyle means you could pay less on insurance
Stock News

Lockdown lifestyle means you could pay less on insurance

The Covid-19 lockdown is likely to permanently change the way many people work, with more expected to be working remotely or from home in future and only travelling to their workplace a few times a week or only when necessary.Not driving their vehicles as much or as far as before, having a reduced risk of being involved in an accident, and less traffic and congestion creates an opportunity for motorists and households to reduce their monthly insurance premiums. Many insurance companies have duly temporarily reduced motorists’ monthly premiums. Read: Covid-19 is shaking up the insurance sector Wynand van Vuuren, head of legal and customer experience partner at King Price Insurance, said the accident portion of comprehensive motor vehicle insurance accounts for 60% to 65% of monthly pr...
Choosing Between Trading Forex Or Investing In Real Estate – KHTS Radio
Forex News

Choosing Between Trading Forex Or Investing In Real Estate – KHTS Radio

It’s a great time to look into alternative income sources right now, with the whole global situation and the way things are shaping up for the foreseeable future. Of course, there’s also a pretty big challenge attached to that at the moment, mainly due to the general instability of the market. The volatile nature of current affairs can make it difficult to know if you’re making the right choice early enough, which requires a lot more patience than usual. Forex and real estate remain two of the most attractive options for those who want to earn a little something on the side – or even develop a complete new business – but there are some caveats that require a lot of attention before getting started. Choosing to invest in real estate or Forex trading is a decision that should not be made li...
Elon Musk: Third US Tesla factory ‘likely’ after Austin and Berlin
Stock News

Elon Musk: Third US Tesla factory ‘likely’ after Austin and Berlin

A third Tesla car factory in the US is likely, Elon Musk said on a podcast released Monday. Tesla announced in July that its second US car factory would be in Austin, Texas. It’s also building a Gigafactory in Europe, near Berlin, Germany, and operates one in Shanghai, China. Visit Business Insider’s homepage for more stories. Tesla’s potential third car factory in the United States would likely be within the Northeast, Elon Musk said in a new interview published Monday. The CEO told Automotive News in a podcast that “at some point there’ll be a third Gigafactory, probably.” Currently, Tesla is building new factories in Austin, Texas and Berlin, Germany to augment its production in Fremont, California and Shanghai, China. The company also makes battery components in ...
The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team
Crypto News

The Ethereum Foundation Is Building a Dedicated Eth 2.0 Security Team

The Ethereum Foundation will be building a dedicated security team for Ethereum 2.0 to study any potential cybersecurity and crypto-economic issues in the next generation of the Ethereum network. Justin Drake, an Eth 2.0 researcher at the foundation, announced the start of the recruitment process on his Twitter feed. The foundation is looking to hire a variety of security and auditing professionals, both for the software and the general model of the upcoming upgrade. Among the potential team’s tasks will be “fuzzing, bounty hunting, pager duty,” which directly relates to software security management.  Ethereum client developers have already engaged in fuzzing for the upcoming Eth 2.0 clients. The efforts were spearheaded by Sigma Prime, the developers of the Rust-based Lighthous...
Buy, sell, repeat! No room for ‘hold’ in whipsawing markets
Stock News

Buy, sell, repeat! No room for ‘hold’ in whipsawing markets

LONDON: Warren Buffett's favourite holding period -- forever -- has few fans these days, with the average length of time shares spend in a portfolio hitting record lows this year as investors surf wild market swings for quick gains.The length of time that investors hold shares has been shrinking for decades but the trend accelerated this year in volatile markets that have made people nervous about sitting on investments for too long. There are different ways of slicing it, but Reuters calculations based on New York stock exchange data show the average holding period for US shares was 5-1/2 months in June, versus 8-1/2 months at end-2019. The previous record low of six months was hit just after the 2008 crisis. In 1999, for example, 14 months was the average. Europe displays a similar ...
Why Gold Failed Japan (And What That Means For America)
Stock News

Why Gold Failed Japan (And What That Means For America)

I recently wrote about what drives gold prices. In short, gold prices rise when real interest rates are falling, low or negative. While gold is often viewed as a safe haven and a hedge against inflation, it doesn't exist in a vacuum. Gold competes in many ways with US Treasuries as a safe haven. If investors can receive a positive real return on US Treasuries they are less likely to use gold - which provides zero yield - as a safe haven. The higher the real yield, the worse non-yielding assets look in comparison. In contrast, when real yields on US Treasury bonds are negative, investors actually lose by holding them. A zero-yield actually becomes more attractive at that point. Source: DumbWealth.com As it happens, falling, low or negative real yields tend to occur during periods in w...
RBA: What we shall focus on from the RBA’s meeting
Forex News

RBA: What we shall focus on from the RBA’s meeting

The RBA’s meeting is in focus ahead of Asia Session. No change is anticipated  to the 0.25% rate setting. The Bank has expressed its commitment to ease credit conditions, seeking to support the economy as it recovers from the lockdown. In July’s minutes the bank said that negative rates are “extraordinarily unlikely” and that there is no case for intervention in the foreign exchange market, given its limited effectiveness when the exchange rate is broadly aligned with its fundamental determinants. At the same time RBA members “reaffirmed the importance of the longstanding principle of separating monetary policy from the financing of government”. Separately RBA’s Lowe also repeated in a speech that the AUD is broadly in line with fundamentals, which mirrored the sentiment of the minutes. L...
Market Snapshot: Dow, S&P 500 set to kick off August trade higher, but stalled stimulus talks in focus
Stock News

Market Snapshot: Dow, S&P 500 set to kick off August trade higher, but stalled stimulus talks in focus

U.S. stock-index futures on Monday traded modestly higher after wavering in early action in the first trading day in August, with wrangling in Washington over another round of coronavirus stimulus supporting some appetite for large-capitalization technology stocks that have been viewed as more resilient to the economic effects of the COVID-19 pandemic. How are equity benchmarks performing? Futures for the Dow Jones Industrial Average YMU20, +0.51% YM00, +0.51% were up 132 points, or 0.6%, at 26,451, while S&P 500 futures ESU20, +0.62% ES00, +0.62% were 19.75 points, or 0.6%, higher at 3,283.50. Nasdaq-100 futures NQU20, +0.93% NQ00, +0.93% were up 94.75 points, or 0.9%, at 10,985.25. On Friday, the Dow DJIA, +0.43% put in a weekly loss of 0.2%, while the S&P 500 SPX, +0.76% g...
Ambanization of Nifty50 !! Nifty Calculator
Technical Analysis, Top Trading

Ambanization of Nifty50 !! Nifty Calculator

Government will find it difficult to raise 2 lakh crores through Privatization but Mukesh Ambani of Reliance has raised that number in the lockdown. Reliance is now 14% of Nifty50 . Interesting Observations Top 20 Stocks are 79.26% of the Index. Lower than the peak of 80.4% . Top 10 Stocks are 62.6% of the Index. All time High Concentration. Banking and Financials continues to see weight drop from 40% to 33.16% . Reliance is the largest weight at 14%. Last 23 stocks weight combined now lesser than Reliance. Top 2 stocks 23.56% of the Nifty. Top 3 equal to 31.12% and Top 5 equal to 42.83%. 28 out of the Nifty50 stocks have a weight of less than 1% HDFC and HDFC Bank at 16.15% and 14% Reliance makes it a combined 30% !! Interesting Sectoral Observations ...
Daily Gold News: Monday, August 3 – Gold’s Consolidation – a Topping Pattern?
Commodities

Daily Gold News: Monday, August 3 – Gold’s Consolidation – a Topping Pattern?

The gold futures contract reached another new record high on Friday at the price level of $2,005.40. The market has slightly extended its recent advance again. The market gained 0.97%, but the closing price was at around $20 below the daily high. Gold reached the highest in history following U.S. dollar sell-off, among other factors. Gold is 0.4% lower this morning as it is slightly retracing Friday’s advance. What about the other precious metals? Silver gained 3.66% on Friday and today it is 1.3% lower. Platinum gained 0.69% and today it is 0.3% higher. Palladium gained 0.49% on Friday and today it’s 1.2% higher. So precious metals trade within a short-term downward correction this morning. The gold price remains within a week-long consolidation along $1,950-2,000. Friday’s Personal...