The surprisingly weak employment report takes a walk of June rate table and the chances of a motion at the next meeting July also fell sharply. The USA  created only 38,000 new jobs in May, well below the forecast of an increase of 155,000. Is the smallest number of jobs added monthly work in almost […]

In this technical blog we are going to take a look at Fundamental & Technical point of view of US steel. The steel industry continues to face a challenging economic environment due to the economic slowdown in China, volatility in financial markets, slow growth in global trade, and low prices of oil and other commodities. […]

Global consumption for 2016/17 is forecast at a record 174 million metric tons (raw value), exceeding production and drawing stocks down to the lowest level since 2010/11.  Production is up 4 million tons to 169 million as gains in Brazil and the European Union more than offset a decline in India.  With growing demand, imports […]

In this blog we’re going to take a quick look at Dow 1 Hour chart from 10th May 2016. We can see Index broke the descending trend line from the peak suggest it most likely ended the cycle from 18173.54 high. Move up from 17580.38 to 17783.16 is a 5 wave move and hence we have labelled […]

We all think we know the story of “Humpty Dumpty”. We all have heard the tale of the Wall and his Great Fall. We know how hard the soldier tried but couldn’t get Mr. Dumpty back together again. Similarly keeping that story on mind on previous Thursday April 28th, when Bank of Japan showed up […]

Quantitative easing mainly known as “QE program” was the biggest emergency economic stimulus in the history. The U.S. Federal Reserve’s once-in-a-lifetime program to buy immense piles of bonds, month after month, in an extraordinary effort to restart a recession-deadened economy came to an end in October 2014 after adding more than $3.5 trillion to the Fed’s balance […]