Monday, November 30

Day: October 18, 2020

Can your portfolio deliver 15-20% returns consistently?
Stock News

Can your portfolio deliver 15-20% returns consistently?

Raveendra BalivadaWhen Rahul Tewatia single-handedly defeated Kings XI Punjab in Sharjah, it was nothing short of a Cinderella story for an underdog. An underdog who wasn’t able to connect properly in his first 15 balls, took Cottrell for 5 sixes in an over and snatched the victory from the very jaws of defeat. The impact of the innings was such that Michael Slater on the commentary was made to eat his words and he did so very excitedly, stating “from now onwards, I will never ever write off any team, any individual in this beautiful game”. I wanted to write this article just after the match but because of the very nature of the ‘one time’ incidents, I had to hold my horses. But then it happened again last week. Just when Rajasthan Royals were staring hard at 5th consecutive defeat, thei...
UK PM Johnson to warn ‘time running out’ to prepare for end of Brexit transition
Forex

UK PM Johnson to warn ‘time running out’ to prepare for end of Brexit transition

The Financial Times (FT) came out with the news, on early Monday morning in Asia, confirming the market speculations that UK PM Boris Johnson is on the way to push British business for a no-deal Brexit. The report suggests the usage of an advertising campaign to publicize customs rules as an initial effort to ward off nearly 50% lack of preparedness for the hard Brexit.The piece cites the latest failure of the UK and European Union (EU) policymakers to agree over the Brexit terms. Although Britain refrained from leaving the negotiation table despite the expiry of the October 15 deadline, PM Johnson has told EU diplomat Michael Barnier to come to London for Brexit only if he is prepared to ready to step back from the previously hardstand.Also read: British officials prepared to water ...
Pelosi gives White House 48 hours to reach coronavirus stimulus deal before election
Business news

Pelosi gives White House 48 hours to reach coronavirus stimulus deal before election

House Speaker Nancy Pelosi has called on the Trump administration to reconcile remaining disputes on coronavirus stimulus legislation within 48 hours as lawmakers attempt to pass a bill before the 2020 election.Pelosi set the 48-hour deadline on negotiations after speaking with Treasury Secretary Steven Mnuchin on Saturday night for more than an hour. They agreed to speak again on Monday.In an interview on ABC News on Sunday, Pelosi said the deadline has to do with lawmakers' ability to get a deal done before the Nov. 3 election, which is just over two weeks away. The speaker said she's optimistic about negotiations but that the outcome ultimately depends on the White House."The 48 only relates to if we want to get it done before the election, which we do," Pelosi said. "We're sayi...
Bitcoin rips and cruise ships: Bad crypto news of the week
Crypto News

Bitcoin rips and cruise ships: Bad crypto news of the week

It’s been a good week for the crypto markets. Bitcoin finally burst through the $11,000 ceiling, and kept going. According to some experts, the coin could be on its way to a full 2017-style bull run. Other analysts have identified five events that could move the markets this week, including the election’s effect on the dollar, Europe’s struggles with Brexit and the coronavirus, and Bitcoin’s high hash rate.The investment experts at Stone Ridge Asset Management have been paying attention. After executives had made personal investments in cryptocurrencies, the company created a billion-dollar spinoff with a $115 million investment in Bitcoin. Square has been just as forward-thinking. The payments company has now put 1 percent of the company's assets—about $50 million—into Bitcoins.The ...
Forex Today: Risk-off leads the way, central banks paving the way for more easing
Forex

Forex Today: Risk-off leads the way, central banks paving the way for more easing

Here is what you need to know on Monday, October 19:The risk-averse sentiment eased just modestly ahead of the weekly close, as US data beat expectations, with Retail Sales and the Michigan Consumer Sentiment Index improving by more than anticipated.  Still, the greenback finished the week with gains against most major rivals.EUR´s weakness was linked to increasing coronavirus cases in the EU, leading to restrictive measures in the Union. Over the weekend, European Central Bank board member Fabio Panetta warned that an ultra-loose monetary policy is more than necessary, amid the risk of a second wave of COVID-19 derailing the economic recovery.  EUR/USD settled at 1.1715, ahead of ECB’s head Lagarde speech this Monday.The British Pound was hit by comments from UK PM Boris Johnson, ...
Trade Setup: Expect a quiet start for Nifty on Monday; 11,800 and 11,865 immediate resistance points
Stock News

Trade Setup: Expect a quiet start for Nifty on Monday; 11,800 and 11,865 immediate resistance points

In the previous technical note, we had mentioned that some technical pullback may occur as Nifty had witnessed an unreasonably near-vertical decline. While continuing to trade precisely on the expected lines, the Indian equity market threw some technical pullback to end the day with gains. The market saw a positive opening, but soon pared the gains to slip into the negative territory for a brief period as it marked the low point of the day. The index soon recovered to crawl back inside the positive zone. The rest of the session was spent by the market oscillating within a defined range. The headline index went on to end the day with a net gain of 82.10 points or 0.70 per cent.It is important to note that although the market gave some technical pullback, the upsides have remained measured...
Senate to vote on $500 billion GOP coronavirus stimulus bill Wednesday
Business news

Senate to vote on $500 billion GOP coronavirus stimulus bill Wednesday

Senate Majority Leader Mitch McConnell (R-KY) walks to his office on Capitol Hill in Washington, September 10, 2020.Joshua Roberts | ReutersThe Senate will vote on a $500 billion coronavirus stimulus bill on Wednesday, Senate Majority Leader Mitch McConnell said Saturday, as a larger bipartisan deal remains elusive despite continued talks between top Democrats and the Trump administration.McConnell blamed his opponents across the political aisle for the current stalemate, arguing that the Senate has enough time to pass the GOP stimulus package and confirm Supreme Court nominee Amy Coney Barret if "Democrats do not obstruct this legislation.""Nobody thinks this $500B+ proposal would resolve every problem forever," McConnell said in a statement on Saturday. "It would deliver ...
The curious case of Coinbase — employees driven out by ‘apolitical’ stance
Crypto News

The curious case of Coinbase — employees driven out by ‘apolitical’ stance

America’s largest cryptocurrency exchange, Coinbase, made headlines over the past few weeks for an internal culture change that effectively told employees that there will be no space for social activism within its walls. Furthermore, a recently leaked audio apparently reveals that most employees approve of the new direction.The “apolitical” stance that is being adopted by the company was announced by CEO Brian Armstrong in a published post on the exchange’s Medium platform on Sept. 27. Armstrong’s message cited the incredibly difficult year that has hamstrung many economies, companies and individuals around the world, which has also led to a spring of various societal issues.In an American context, the tragic death of George Floyd caused by the brutal treatment of a Minneapolis polic...
United States Total Net TIC Flows rose from previous $-88.7B to $86.3B in August
Forex

United States Total Net TIC Flows rose from previous $-88.7B to $86.3B in August

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if ...
Sharp Bitcoin price move brewing as BTC volatility falls to a 16-month low
Crypto News

Sharp Bitcoin price move brewing as BTC volatility falls to a 16-month low

Bitcoin (BTC) options aggregate open interest has increased to $2 billion, which is 13% below the all-time high. Although the open interest is still heavily concentrated on Deribit exchange, the Chicago Mercantile Exchange (CME) has also reached $300 million.In simple terms, options derivatives contracts allow investors to buy protection, either from the upside (call options) or downside (put options). Even though there are some more complex strategies, the mere existence of liquid options markets is a positive indicator.For example, derivative contracts allow miners to stabilize their income which is tied to a cryptocurrency’s price. Arbitrage and market-making firms also utilize the instruments to hedge their trades. Ultimately, deeply liquid markets attract larger participants and i...