Roadblocks Hit: Daily Remarks – Friday August 24, 2012

Thursday: Stocks Ease So Does Volume Early Thursday morning – New York time – the US futures were heading higher from the decline of Wednesday. YM, the DJIA mini futures, was even threatening to form an inverse head-&-shoulder pattern. However, the US unemployment claims report punctured the optimism and the futures lost their steam. For…

Daily Remarks – Wednesday August 22, 2012

Two thirds of August trading days are behind us but the month is not playing up to its reputation so far. Bucking the History: Stock Trader’s Almanac notes that over the past 61 years, August has been 10th best month for Dow Jones Industrial Average and NASDAQ or in other words, third worst. August is 9th best for…

Daily Remarks – Wednesday, August 15, 2012

Yesterday’s Action – Dojis, Bearish Engulfing and Dark Clouds Tuesday had started on a positive note. In the early session, the US futures continued their uptrend that they had acquired in the middle of Monday’s trading. However, the upward momentum could not continue for too long and just like they did on Monday, major indices…

Australian Banks To Face Pressure Again On Rates

Last month the Reserve Bank of Australia (RBA) cut rates by 50 basis points. If it cuts rates again in its June meeting on Tuesday, Australian banks may still not pass on the full difference to borrowers like last time. The market, on the other hand is rooting for a big cut. Financial markets, however, are already raising their bets that…