TSX tumbles below 8,000
A double-barrelled shot of tumbling oil prices and more bad news from one of Canada’s big banks pushed the S&P/TSX composite index under 8,000 points for the first time in over five years.
The TSX’s dismal day saw a drop of 765.76 points, the fourth-largest retreat on record, to finish at 7,724.80. In terms of percentage […]
Buy the Rumor, Sell the Fact (below Monday’s lows)
Buy the Rumor, Sell the Fact (below Monday’s lows)
Anyone with even the slightest experience in trading is familiar with the old adage, “buy the rumor, sell the fact,” and that is pretty much what was seen on the street Friday. In fact, they sold the fact so hard that markets actually finished at session lows […]
Take 2 of Bailout Drama Drives Euro Below 1.40
Take 2 of Bailout Drama Drives Euro Below 1.40
It is the beginning of the fourth quarter and demand for US Dollars continues to be voracious, driving the EUR/USD below 1.40. In less than 2 weeks, the most liquid currency pair in the world has fallen close to 6 percent or more than 8.5 cents (850 […]