Shanghai: SSE Composite Index (.SSEC) stocks lower at close of trade

Shanghai: SSE Composite Index (.SSEC) stocks lower at close of trade

Shanghai: SSE Composite Index (.SSEC) stocks lower at close of trade Asian shares fell Thursday after deepening worries about global economic growth, particularly in China, set off a rout on Wall Street. Earlier this week, reports on growth in factory output, consumer spending and retail sales in China were all slower than expected. But there […]

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session

Euro: USD/EUR (EUR=X) posted small losses in the Thursday session EUR/USD has posted small losses in the Thursday session. Currently, the pair is trading at 1.1372, up 0.24% on the day. On the release front, the German Wholesale Price Index dropped to 0.0%, short of the estimate of 0.5%. The eurozone trade surplus narrowed to EUR […]

Australian Dollar: USD/AUD (AUD=X) Bounces From Confluent Fibonacci Support

Australian Dollar: USD/AUD (AUD=X) Bounces From Confluent Fibonacci Support

Australian Dollar: USD/AUD (AUD=X) Bounces From Confluent Fibonacci Support With the current recovery, a temporary low is in place at 0.7201 in AUD/USD. Intraday bias is turned neutral for some consolidations first. Upside should be limited by 0.7346 support turned resistance for fall resumption. On the downside, below 0.7201 will extend the larger decline from […]

British Pound: USD/GBP (GBP=X) starting to drift as the demand for dollars returns

British Pound: USD/GBP (GBP=X) starting to drift as the demand for dollars returns

British Pound: USD/GBP (GBP=X) starting to drift as the demand for dollars returns The Pound has taken a belting consequent to the disorder, a dynamic compounded by the roaring greenback, to trade at 12 month lows this week. The fortunes for the pound don’t appear good, but if there is a surprisingly strong outcome to […]

Japanese Yen: USD/JPY (JPY=X) shrugs off lower Japanese trade balance

Japanese Yen: USD/JPY (JPY=X) shrugs off lower Japanese trade balance

Japanese Yen: USD/JPY (JPY=X) shrugs off lower Japanese trade balance The USD/JPY had looked fairly resolute in the face of rising trading tensions between China and the United States, with the pair holding well above its 200-day moving average. However, it became apparent this week that falling U.S. and Chinese equity markets quickly weigh heavily […]

Singapore: STI Index (.STI) down 0.69% to 3,211.93

Singapore: STI Index (.STI) down 0.69% to 3,211.93

Singapore: STI Index (.STI) down 0.69% to 3,211.93 Singapore stocks opened lower for the sixth day in a row on Thursday (Aug 16), with the Straits Times Index moving down 0.69 per cent or 24.76 points to 3,211.93. Losers outnumbered gainers 90 to 17 after 33.2 million securities worth $60.1 million changed hands. Overall, the […]

Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower

Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower

Hong Kong: HANG SENG INDEX (.HSI) ended 0.8 percent lower The Shanghai Composite Index .SSEC closed down 0.6 percent, while Hong Kong’s Hang Seng index .HSI ended 0.8 percent lower. Hopes that China and the United States could ease trade tensions helped Chinese stocks pare losses. Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price […]

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated

GOLD 1 OZ (XAU=X) has Deteriorated Gold prices edged down, wrapping up a corrective bounce following overnight 1.5-year lows. The December Comex gold futures were last seen trading at $1,182.70, down 0.19% on the day. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next […]

SILVER 1 OZ 999 NY (XAG=X) lowest level since early 2016

SILVER 1 OZ 999 NY (XAG=X) lowest level since early 2016

SILVER 1 OZ 999 NY (XAG=X) lowest level since early 2016 Silver saw another bout of intense selling on the futures market and was pushed as low as $14.37/oz. There was no economic news or silver related developments that would account for the deepening sell-off. It is again a purely futures-related price action with no […]

Facebook, Inc. (NASDAQ:FB) WhatsApp cofounder ‘resting and vesting’

Facebook, Inc. (NASDAQ:FB) WhatsApp cofounder ‘resting and vesting’

Facebook, Inc. (NASDAQ:FB) WhatsApp cofounder ‘resting and vesting’ After WhatsApp co-founder Jan Koum announced he was leaving Facebook Inc. in late April, he has continued showing up at least monthly at the social-media giant’s headquarters.in Menlo Park, Calif. His incentive for making the appearances: about $450 million in stock awards, according to people familiar with […]

Tesla, Inc. (NASDAQ:TSLA) Target $250

Tesla, Inc. (NASDAQ:TSLA) Target $250

Tesla, Inc. (NASDAQ:TSLA) Target $250 The Securities and Exchange Commission has reportedly sent subpoenas to Tesla Inc. about plans to take the company private, with a special focus on two words in Chief Executive Elon Musk’s brief tweet last week: “funding secured.” Elon Musk is, if nothing else, a warrior. He has battled short sellers. […]

Dow Jones Industrial Average (.DJI) marks its 131st straight session in correction territory

Dow Jones Industrial Average (.DJI) marks its 131st straight session in correction territory

Dow Jones Industrial Average (.DJI) marks its 131st straight session in correction territory The Dow Jones Industrial Average notched a dubious distinction on Wednesday, as U.S. equity benchmarks fell firmly lower. The blue-chip benchmark failed to move 10% above the closing low hit earlier in the year, and has now spent the longest period in […]

CVS Health Corporation (NYSE:CVS) An Opportunity To Generate Profits

CVS Health Corporation (NYSE:CVS) An Opportunity To Generate Profits

CVS Health Corporation (NYSE:CVS) An Opportunity To Generate Profits  Shares of CVS Health ended last week up more than 6% as the integrated pharmacy health care provider reported better than expected quarterly results and investors seemed pleased that its acquisition of health insurance provider Aetna is still on track. CVS posted adjusted EPS of $1.69, versus forecasts […]

United States Oil (USO) production set new records

United States Oil (USO) production set new records

United States Oil (USO) production set new records U.S. crude oil inventories grew by 6.8 million barrels in the week ending Aug. 10 even as refineries consumed 18 million barrels of oil a day. Oil stockpiles  increased to 414.2 million barrels, about one percent above the five year average for this time of the year, […]

Helmerich & Payne, Inc. (NYSE:HP) Reaches Analyst Target Price

Helmerich & Payne, Inc. (NYSE:HP) Reaches Analyst Target Price

Helmerich & Payne, Inc. (NYSE:HP) Reaches Analyst Target Price In recent trading, shares of Helmerich & Payne, Inc. (Symbol: HP) have crossed above the average analyst 12-month target price of $63.36, changing hands for $63.56/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on […]

RushNet, Inc. (RSHN) Acquires Significant Stake in an Industrial Hemp Cultivation Project

RushNet, Inc. (RSHN) Acquires Significant Stake in an Industrial Hemp Cultivation Project

RushNet, Inc. (RSHN) Acquires Significant Stake in an Industrial Hemp Cultivation Project RushNet, Inc. (OTC Pink:RSHN) is now a co-owner, along with XYZ Hemp, Inc., formerly Gold River Productions, Inc., having acquired a significant stake in a high-quality Facilities & Land Industrial Hemp Cultivation and processing facility operating and registered in Mesa County within the […]

Dick’s Sporting Goods, Inc. (NYSE:DKS) is breaking out higher

Dick’s Sporting Goods, Inc. (NYSE:DKS) is breaking out higher

Dick’s Sporting Goods, Inc. (NYSE:DKS) is breaking out higher Dick’s Sporting Goods (DKS) is breaking out higher following stronger fundamental results. Its operations continue to expand, even as its debt level is rising. Its valuation remains reasonable, while investor optimism improves. I am buying stock in this name as its fundamental narrative drives investor sentiment.\ Dick’s […]

Apple Caught Cheating Taxes in California

Apple Caught Cheating Taxes in California US tech giant Apple became the first company to reach an historic $1 trillion in market capitalization recently, but it still doesn’t like paying more taxes, according to recent reports. Apple has been at odds with California’s Santa Clara County over the value of its property. As the local […]

Millennials May Not Buy Homes

Millennials May Not Buy Homes

Millennials’ perceived value in buying a home dropped below 50 percent, down significantly from post-Brexit high, according to the latest ValueInsured quarterly Modern Homebuyer Survey: In the third quarter of 2018, 48 percent of all millennials believe buying a home in America today is a good investment; this is a record low, down from 54 […]

Australia Should Follow New Zealand and Ban Foreign Ownership

Australia Should Follow New Zealand and Ban Foreign Ownership

Australia Should Follow New Zealand and Ban Foreign Ownership Australians have been over taxed and severely handicapped financially over the last 30 years, while other countries have encouraged small business, created a citizen friendly financial system and political system. In Australia small business and workers have been treated like the enemy of the state while […]

Tesla is all Trouble

Tesla is all Trouble

Tesla is all Trouble A former Tesla technician took to Twitter to detail what he says is extensive evidence of malpractice and waste at the electric carmaker’s factories, and potentially deadly battery defects in its cars. Martin Tripp is a former Tesla technician who used to work in the electric carmaker’s dystopian-sounding Gigafactory 1 battery […]

Telstra Flops in Australia

Telstra Flops in Australia

Australia’s dominant telecommunications company Telstra Thursday warned of “enormous challenges” ahead as it posted an 8.9 percent slump in annual profit. Its net result in the year to June 30 fell to Aus$3.52 billion (US$2.54 billion), while revenue was flat at Aus$26 billion. Chief executive Andy Penn said intense competition for mobile customers and increased […]

Shanghai: SSE Composite Index (.SSEC) falling 2.06 percent to close at 2,723.64

Shanghai: SSE Composite Index (.SSEC) falling 2.06 percent to close at 2,723.64

Shanghai: SSE Composite Index (.SSEC) falling 2.06 percent to close at 2,723.64 The China stock market has moved lower in consecutive trading days, sliding almost 15 points or 0.6 percent along the way. The Shanghai Composite Index now rests just above the 2,780-point plateau although it should find traction on Wednesday. The global forecast for […]

Japanese Yen: USD/JPY (JPY=X) Outlook unclear

Japanese Yen: USD/JPY (JPY=X) Outlook unclear

Japanese Yen: USD/JPY (JPY=X) Outlook unclear Our recent expectation for USD to edge lower towards 109.35 is proven wrong as it staged a surprisingly strong rebound and hit an overnight high of 111.31. While the high is below the 111.50 ‘key resistance’, the strong daily closing is enough to indicate that the recent downward pressure […]

SILVER 1 OZ 999 NY (XAG=X) were hammered lower

SILVER 1 OZ 999 NY (XAG=X) were hammered lower

SILVER 1 OZ 999 NY (XAG=X) were hammered lower Gold and silver bulls remain frustrated their supposedly safe-haven metals have not seen any support from the potential for a secondary currency market crisis that could be looming. December gold was last down $14.40 at $1,186.30 and September silver was down $0.688 at $14.355. Overall, the […]

Singapore: STI Index (.STI) finished lower in four straight sessions

Singapore: STI Index (.STI) finished lower in four straight sessions

Singapore: STI Index (.STI) finished lower in four straight sessions Wall Street’s recovery could uplift the local bourse today. The Straits Times Index (STI) ended 6.61 points or 0.2% lower at 3,242.87, taking the year-to-date performance to -2.47%. The global forecast for the Asian markets is cautiously optimistic thanks to easing concerns about the financial […]

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session

Australian Dollar: USD/AUD (AUD=X) fallen against the greenback for the sixth straight session We turned bearish AUD on Monday (13 Aug, spot at 0.7285) with an immediate ‘target’ of 0.7220 and were of the view that the “odds for further extension to 0.7160 are relatively high”. There is no change to our view as AUD […]

Hong Kong: HANG SENG INDEX (.HSI) More trouble lies ahead

Hong Kong: HANG SENG INDEX (.HSI) More trouble lies ahead

Hong Kong: HANG SENG INDEX (.HSI) More trouble lies ahead tocks in Hong Kong extended losses in morning trade after opening lower. At midday, the benchmark Hang Seng Index tumbled 1.52 percent, or 422.29 points, at 27,330.64 while the China Enterprises Index, the H-share gauge, dipped 1.91 percent, or 205.55 points, at 10,538.76. Index heavyweight […]

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high

Australia: S&P/ASX 200 (.AXJO) shares have hit a fresh ten-year high Australian shares have hit a fresh ten-year high, with a surge in CSL stocks and gains for Wesfarmers helping the market overcome falls in energy and materials stocks. The benchmark S&P/ASX200 closed up 29.4 points, or 0.47 per cent, at 6,329.0 points , while […]

Dow Jones Industrial Average (.DJI) Market Rebounds

Dow Jones Industrial Average (.DJI) Market Rebounds

Dow Jones Industrial Average (.DJI) Market Rebounds Stocks rose on Tuesday as a rebound in the Turkish lira from an all-time low lifted investor sentiment. The Dow Jones Industrial Average rose 112.22 points to close at 25,299.92, while the S&P 500 gained 0.6 percent to 2,839.96. Both indexes also snapped four-day losing streaks. The Nasdaq […]

The Home Depot, Inc. (NYSE:HD) retailer reported that same-store sales increased 8% in the second quarter

The Home Depot, Inc. (NYSE:HD) retailer reported that same-store sales increased 8% in the second quarter

The Home Depot, Inc. (NYSE:HD) retailer reported that same-store sales increased 8% in the second quarter The Home Depot®, the world’s largest home improvement retailer, today reported sales of $30.5 billion for the second quarter of fiscal 2018, an 8.4 percent increase from the second quarter of fiscal 2017. Comparable sales for the second quarter of fiscal […]

The Coca-Cola Company (NYSE:KO) Minority Stake in BODYARMOR with Path to Ownership

The Coca-Cola Company (NYSE:KO) Minority Stake in BODYARMOR with Path to Ownership

The Coca-Cola Company (NYSE:KO) Minority Stake in BODYARMOR with Path to Ownership Coca-Cola is taking a minority ownership stake in BODYARMOR, a fast-growing line of premium sports performance and hydration beverages, the companies announced today. Through this strategic relationship, BODYARMOR will remain an independent company and gain access to the expansive Coca-Cola bottling and distribution […]

Twitter, Inc. (NYSE:TWTR) Buy on Dips Below $30

Twitter, Inc. (NYSE:TWTR) Buy on Dips Below $30

Twitter, Inc. (NYSE:TWTR) Buy on Dips Below $30 Twitter Inc. has blocked right-wing conspiracy theorist Alex Jones from tweeting for a week, according to reports Tuesday night. According to multiple reports, Jones’s personal account was placed in read-only mode for seven days, apparently over a video urging his followers to get their weapons ready. While […]

Tesla, Inc. (NASDAQ:TSLA) An oil conspiracy theory

Tesla, Inc. (NASDAQ:TSLA) An oil conspiracy theory

Tesla, Inc. (NASDAQ:TSLA) An oil conspiracy theory To get a sense of Musk’s distrust of the fossil fuel industry, you don’t have to go back far. In an email to his workforce in June, Musk alleged attempts by a former employee, later identified as Martin Tripp, to “sabotage” the company. The letter described “a long […]

Bitcoin: USD/BTC (BTC=X) Under Pressure

Bitcoin: USD/BTC (BTC=X) Under Pressure

Bitcoin: USD/BTC (BTC=X) Under Pressure Down two-thirds from its December all-time high of $20,000, bitcoin (BTC) now risks printing fresh 2018 lows below $5,755. The corrective rally seen over the weekend failed to penetrate the key rising trendline hurdle of $6,480 on Monday, allowing the bears to make a strong comeback. As a result, the leading cryptocurrency fell below […]

The Kroger Co. (NYSE:KR) products to be sold on Alibaba’s Tmall Global platform in China

The Kroger Co. (NYSE:KR) products to be sold on Alibaba’s Tmall Global platform in China

The Kroger Co. (NYSE:KR) products to be sold on Alibaba’s Tmall Global platform in China Kroger’s new online store introduces Our Brands to international customers for the first time. Kroger’s online store test will start with select Simple Truth® items, providing Alibaba’s more than half a billion Chinese consumers with easy access to America’s largest natural and organic brand. […]

Shanghai: SSE Composite Index (.SSEC) down more than 22 percent from its 52-week high

Shanghai: SSE Composite Index (.SSEC) down more than 22 percent from its 52-week high

Shanghai: SSE Composite Index (.SSEC) down more than 22 percent from its 52-week high  Chinese equities have been among the worst performers globally this year amid the slowing Chinese economy and the country’s ongoing trade dispute with the U.S. Both the Shanghai Composite and Shenzhen Composite were in bear market territory at the end of […]

Singapore: STI Index (.STI) s aiming to push its next stage of growth in commodities and energy

Singapore: STI Index (.STI) s aiming to push its next stage of growth in commodities and energy

Singapore: STI Index (.STI) s aiming to push its next stage of growth in commodities and energy Singapore is aiming to push its next stage of growth in commodities and energy by striking a balance between grooming local enterprises to become global players, as well as by making its investment climate even more attractive and […]

Hong Kong: HANG SENG INDEX (.HSI) Index has fallen 3pc in the past three days

Hong Kong: HANG SENG INDEX (.HSI) Index has fallen 3pc in the past three days

Hong Kong: HANG SENG INDEX (.HSI) Index has fallen 3pc in the past three days Hong Kong’s stocks dropped for a third day, as a key set of China’s economic data trailed estimates.  Hong Kong’s Hang Seng HSI, -0.66% was down 0.6%. Tencent 0700, -3.43% fell 3.4% after Beijing blocked sales of the company’s new videogame. […]

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence

Australian Dollar: USD/AUD (AUD=X) rate has risen today following a surprise increase in Australian business confidence The Australian Dollar to US Dollar (AUD/USD) exchange rate has risen today following a surprise increase in Australian business confidence. The unexpected rise for NAB’s July business confidence reading has pushed the AUD/USD exchange rate to an interbank level […]

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives The sharp rebound for USD/JPY here from the lows yesterday has carried over into Tuesday’s session. Now, the bulls need to push above the descending trendline from the July highs up at ¥113.20. A failure to break this line might suggest a new move lower is underway, targeting ¥110.00. Overall, the […]

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62

GOLD 1 OZ (XAU=X) vulnerable to a correction towards 1,248.62 Gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid resistance at $1,226.00. Bears’ next near-term downside price breakout […]

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300

Australia: S&P/ASX 200 (.AXJO) near resistance at 6,300 Locally the ASX is due for a soft start, with futures pointing to a seven-point drop at the open. Traders appear a little more comfortable with the Turkey situation, apparently reassured by the idea that developed economies and financial markets are shielded from the direr consequences of […]

Bank of America Corporation (NYSE:BAC) Turkey Contagion Fears

Bank of America Corporation (NYSE:BAC) Turkey Contagion Fears

Bank of America Corporation (NYSE:BAC) Turkey Contagion Fears Financial stocks bore the brunt of Turkey contagion fears, with shares of Citigroup Inc, Bank of America Corp, Wells Fargo & Co and JPMorgan Chase & Co closing down between 0.8 percent and 2.2 percent. A pledge by Turkey’s central bank to stabilize the plummeting lira failed […]

Alphabet Inc. (NASDAQ:GOOG) Prostitutes Values to Capture China

Alphabet Inc. (NASDAQ:GOOG) Prostitutes Values to Capture China

Alphabet Inc. (NASDAQ:GOOG) Prostitutes Values to Capture China Alphabet Inc.’s (GOOGL) Google has embarked on a broad strategy to expand in China claim a number of people either involved in the effort or watching it closely. The move is at odds with the political grandstanding the company did in relation to censorship in the past, but at […]

Tesla, Inc. (NASDAQ:TSLA) Musk Try’s to Buy Back Wall Street

Tesla, Inc. (NASDAQ:TSLA) Musk Try’s to Buy Back Wall Street

Tesla, Inc. (NASDAQ:TSLA) Musk Try’s to Buy Back Wall Street Elon Musk says his claim last week that the necessary funding had been secured was based on repeated and ongoing conversations with the Saudi Arabian sovereign wealth fund. The take-private tweet may have violated an SEC rule about public announcements. Musk says he felt it […]

Apple Inc. (NASDAQ:AAPL) concerns about the company’s legal fight with Qualcomm

Apple Inc. (NASDAQ:AAPL) concerns about the company’s legal fight with Qualcomm

Apple Inc. (NASDAQ:AAPL) concerns about the company’s legal fight with Qualcomm A Wall Street research firm on Monday lowered its rating on Apple stock to negative from neutral on concerns about the company’s legal fight with Qualcomm (QCOM) and potential antitrust issues with its services business. Apple and Qualcomm are engaged in what will likely […]

Deutsche Bank Aktiengesellschaft (NYSE:DB) Things Could Get Worse

Deutsche Bank Aktiengesellschaft (NYSE:DB) Things Could Get Worse

Deutsche Bank Aktiengesellschaft (NYSE:DB) Things Could Get Worse Deutsche Bank AG (USA) DB stock is down nearly 40 percent year-to-date, but one analyst says things are going to get much worse for Deutsche Bank investors before they get better. The Analyst Bank of America analysts led by Andrew Stimpson downgraded Deutsche Bank from Neutral to […]

Bitcoin: USD/BTC (BTC=X) value will come in time

Bitcoin: USD/BTC (BTC=X) value will come in time

Bitcoin: USD/BTC (BTC=X) value will come in time Bitcoin’s price is close to its lowest point of the year. Rival coins ether and XRP fell alongside bitcoin. The total market capitalization of all cryptocurrencies fell $21 billion in 24 hours. Over the course of a 13-day period, the market capitalization for all of the digital […]

NASDAQ Composite (.IXIC) closes at 7,819.71 down -19.40 points

NASDAQ Composite (.IXIC) closes at 7,819.71 down -19.40 points

NASDAQ Composite (.IXIC) closes at 7,819.71 down -19.40 points Overall, the bias in prices is: Upwards. The projected upper bound is: 8,000.93. The projected lower bound is: 7,649.09. The projected closing price is: 7,825.01. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 8 […]

China Takes an Economic Hit in Trade War

China Takes an Economic Hit in Trade War

The Chinese economy is displaying further signs of weakness, with data Tuesday showing investment slumped to a record low in the first seven months of the year and retail sales slowed. Beijing faces a delicate balancing act, aiming to shift its growth driver away from investment and exports and towards personal consumption, while at the […]

Shanghai: SSE Composite Index (.SSEC) shares mixed at close of trade

Shanghai: SSE Composite Index (.SSEC) shares mixed at close of trade

Shanghai: SSE Composite Index (.SSEC) shares mixed at close of trade China equities were mixed at the close on Monday, as gains in the Software & Computer Services, Technology and Technology Hardware & Equipment sectors propelled shares higher while losses in the Banking, Life Insurance and Financials sectors led shares lower. At the close in […]

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse

Euro: USD/EUR (EUR=X) growing concerns that a Turkish economic collapse Last week, the Euro to US Dollar (EUR/USD) exchange rate opened in the range of $1.1562 on Monday and closed down lower at $1.1420 on Friday. This overall deterioration for the single currency was down to growing concerns that a Turkish economic collapse could negatively […]

Singapore: STI Index (.STI) extended its slide on Monday

Singapore: STI Index (.STI) extended its slide on Monday

Singapore: STI Index (.STI) extended its slide on Monday Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) went down 1.2 percent or 39.44 points to close at 3245.34. A total of 2.31 billion shares changed hands with a turnover of 1.20 billion Singapore dollars (about 868.97 million U.S. dollars). Losers […]

Japanese Yen: USD/JPY (JPY=X) focus will be on for a close below 110.50

Japanese Yen: USD/JPY (JPY=X) focus will be on for a close below 110.50

Japanese Yen: USD/JPY (JPY=X) focus will be on for a close below 110.50 Much like the USD, the Japanese Yen has been among the notable beneficiary from the negative sentiment stemming from the sell in EM currencies. USDJPY broke through key support at 110.50, however, focus will be on for a close below 110.50 to […]

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers

GOLD 1 OZ (XAU=X) weak demand from local jewelers and retailers Traders said weak demand from local jewelers and retailers at domestic spot market weighed on the gold prices. Technically, gold bears have the solid overall near-term technical advantage amid a price downtrend on the daily bar chart. Gold bulls’ next upside near-term price breakout […]

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets

Australian Dollar: USD/AUD (AUD=X) hits 20-month low as Turkish crisis rattles markets The Australian dollar fell to an 18-month low against the US dollar on Monday, as worries about an impending financial crisis in Turkey prompted selling in the currency with strategists warning of more downside ahead. The Australian dollar fell 1 per cent at […]

SILVER 1 OZ 999 NY (XAG=X) hit 17-month low

SILVER 1 OZ 999 NY (XAG=X) hit 17-month low

SILVER 1 OZ 999 NY (XAG=X) hit 17-month low September silver futures bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $15.50 an ounce. The next downside price breakout objective for the bears is closing prices below solid support at $15.00. […]

Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk

Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk

Hong Kong: HANG SENG INDEX (.HSI) traders shrug off trade talk Hong Kong stocks ended lower on Monday, tracking losses in other Asian markets, as the rout in Turkish lira sent shock waves across emerging markets. The Hang Seng index ended 1.5 percent down at 27,936.57 points, while the China Enterprises Index closed 1.6 percent […]

British Pound: USD/GBP (GBP=X) to rally as the risk of ‘no deal’ fades

British Pound: USD/GBP (GBP=X) to rally as the risk of ‘no deal’ fades

British Pound: USD/GBP (GBP=X) to rally as the risk of ‘no deal’ fades One of the UK’s most recognised high-street lenders have said they expect Pound Sterling to recover over coming weeks as the prospect of a ‘no deal’ Brexit fades. The call by Lloyds Bank provides some relief to those looking for a recovery in the […]

United States Oil (USO) market has experienced a “cooling down” this summer

United States Oil (USO) market has experienced a “cooling down” this summer

United States Oil (USO) market has experienced a “cooling down” this summer The oil market has experienced a “cooling down” this summer as global supply disruptions have eased at a time when demand has also slowed a bit, according to a new report from the International Energy Agency (IEA). But that pause may only be […]

Papa John’s International, Inc. (NASDAQ:PZZA) will miss this critical driver of sales in the next few quarters

Papa John’s International, Inc. (NASDAQ:PZZA) will miss this critical driver of sales in the next few quarters

Papa John’s International, Inc. (NASDAQ:PZZA) will miss this critical driver of sales in the next few quarters The maxim “when it rains, it pours” is particularly apt for Papa John’s International (NASDAQ:PZZA) shareholders. The share price has nearly been halved in the last year, as a series of missteps — both business and PR-related — […]

Amazon.com, Inc. (NASDAQ:AMZN) has a profit earnings ratio which will never be achieved

Amazon.com, Inc. (NASDAQ:AMZN) has a profit earnings ratio which will never be achieved

Amazon.com, Inc. (NASDAQ:AMZN) has a profit earnings ratio which will never be achieved Amazon has a profit earnings ratio which will never be achieved, yet the stock is up 50% in 2018. One wonders what is going on. Analysts had to play catch up, and estimates have been significantly increased over the last few weeks. […]

Apple Inc. (NASDAQ:AAPL) may seem a giant, but by some measures it’s not

Apple Inc. (NASDAQ:AAPL) may seem a giant, but by some measures it’s not

Apple Inc. (NASDAQ:AAPL) may seem a giant, but by some measures it’s not Apple Inc., belongs to Consumer Goods sector and Electronic Equipment industry. The company’s Market capitalization is $1013.20B with the total Outstanding Shares of 0.0006. On Friday, AAPL stock construct a change of -0.65 in a total of its share price and finished […]

Alphabet Inc. (NASDAQ:GOOG) courting allies in China

Alphabet Inc. (NASDAQ:GOOG) courting allies in China

Alphabet Inc. (NASDAQ:GOOG) courting allies in China Google (GOOG, GOOGL) is courting allies in China by providing tools and support to a growing number of app developers, manufacturers and advertisers who rely on the company to reach global consumers, even as its core services such as search, Gmail and You Tube remain blocked for most Chinese […]

The NYSE Bitcoin Index (.NYXBT) Undergoes Bullish Correction

The NYSE Bitcoin Index (.NYXBT) Undergoes Bullish Correction

The NYSE Bitcoin Index (.NYXBT) Undergoes Bullish Correction This past week, we saw heavy declines below $6,550 in bitcoin price against the US Dollar. The BTC/USD pair even broke the $6,000 support, but buyers appeared and protected more declines. A low was formed at $5,794 and the price started an upward correction. The price moved […]

NASDAQ Composite (.IXIC) fell 52.67 points or 0.67 percent

NASDAQ Composite (.IXIC) fell 52.67 points or 0.67 percent

NASDAQ Composite (.IXIC) fell 52.67 points or 0.67 percent  Nasdaq Composite was down 7.72 points, or 0.10 percent, at 7,875.95. On the other hand, boosted by upbeat earnings from Motorola and T-mobile earlier this week, the S&P 500 Telecom Service Sector extended its upside and closed with a 1% gain. Overall, the bias in prices […]

Dow Jones Industrial Average (.DJI) declines more than 100 points after banks slide

Dow Jones Industrial Average (.DJI) declines more than 100 points after banks slide

Dow Jones Industrial Average (.DJI) declines more than 100 points after banks slide Dow Jones futures fell modestly Monday morning, along with S&P 500 futures and Nasdaq futures. Turkey’s lira sold off again as President Recep Tayyip Erdogan remained defiant. Tesla (TSLA) faces more scrutiny as investors await any sign that CEO Elon Musk has a […]

Tesla, Inc. (NASDAQ:TSLA) Privatization Tweet is Legal but may Spark SEC Probe

Tesla, Inc. (NASDAQ:TSLA) Privatization Tweet is Legal but may Spark SEC Probe

Tesla, Inc. (NASDAQ:TSLA) Privatization Tweet is Legal but may Spark SEC Probe Elon Musk is a brilliant entrepreneur and visionary, but the Tesla CEO’s vague proposal to take Tesla private at $420 a share is a sham. The electric car company is struggling to service more than $10 billion of debt and make forecasted capital […]

Turkish Lira: USD/TRY (TRY=X) hits all-time low

Turkish Lira: USD/TRY (TRY=X) hits all-time low

Turkish Lira: USD/TRY (TRY=X) hits all-time low The Turkish lira has collapsed to an all-time low against the dollar, but the country’s leader has brushed aside concerns, telling Turks “we have our God.” The Turkish President Recep Erdogan then followed those comments up Friday by urging Turks to sell dollars and gold and buy lira. […]

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300

Euro: USD/EUR (EUR=X) target is the zone 1.1120-1.1300 60% of analysts believe that the dollar will continue to strengthen, and the pair will go down. Graphical analysis on H4 and D1, most indicators agree with this development. The target is the zone 1.1120-1.1300. There is little sign that the euro is about to turn around […]

Singapore: STI Index (.STI) Likely To Be Stuck In Neutral

Singapore: STI Index (.STI) Likely To Be Stuck In Neutral

Singapore: STI Index (.STI) Likely To Be Stuck In Neutral Investors are urged to take caution. The Straits Times Index (STI) ended 13.26 points or 0.4% lower at 3326.74, taking the year-to-date performance to -2.24%. The top active stocks were DBS, which declined 2.95%, OCBC Bank, which declined 0.42%, YZJ Shipbldg SGD, which gained 8.79%, […]

Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port

Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port

Hong Kong: HANG SENG INDEX (.HSI) blue chip benchmark drops Bank of East Asia and China Merchants Port China Merchants Port Holdings and Bank of East Asia, long term constituents of Hong Kong’s benchmark Hang Seng Index, will be replaced by Sino Biopharmaceutical and Shenzhou International Group Holdings from September 10, index compiler Hang Seng […]

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year

GOLD 1 OZ (XAU=X) down around 6.7% so far this year Gold prices are down around 6.7% so far this year, pressured lower by the stronger dollar and rising interest rates. Investors have also shunned the precious metal despite an escalation in global trade tensions, indicating that gold may be losing its safe haven status. […]

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars

Australian Dollar: USD/AUD (AUD=X) May Find Support From Rates Despite Trade Wars Australian Dollar has been trading in an extremely persistent range, now taking on the shape of a triangle. Given the trend and trend-line resistance a downside break is the likely path. A drop below 0.73 will have a pair of swing lows in […]

SILVER 1 OZ 999 NY (XAG=X) Heffx Upgrades Silver to a Buy Rating

SILVER 1 OZ 999 NY (XAG=X) Heffx Upgrades Silver to a Buy Rating

SILVER 1 OZ 999 NY (XAG=X) Heffx Upgrades Silver to a Buy Rating If the futures market still influences gold’s price, then that price is going to spike. And silver is better than gold. Since January, gold futures speculators have been trending from extremely bullish to scared short. And in the week ending last Tuesday […]

Japanese Yen: USD/JPY (JPY=X) Buying into Yen

Japanese Yen: USD/JPY (JPY=X) Buying into Yen

Japanese Yen: USD/JPY (JPY=X) Buying into Yen USD/JPY isn’t showing that Dollar-strength to the same degree as EUR/USD and GBP/USD, indicating continued Yen strength, which will often show during risk-off environments. USD/JPY remains mired in a falling wedge formation while other major pairs are printing at fresh yearly lows (or highs). This would point to […]

Shanghai: SSE Composite Index (.SSEC) under pressure as trade uncertainty swirls

Shanghai: SSE Composite Index (.SSEC) under pressure as trade uncertainty swirls

Shanghai: SSE Composite Index (.SSEC) under pressure as trade uncertainty swirls Chinese stocks started the week in negative territory, with the Shanghai Composite falling 1.3% on the next round of tariff threats in the escalating Sino-U.S. trade war. Considering still-tight liquidity, the benchmark index could fall below 2,638 points, seen as a key psychological level […]

Australia: S&P/ASX 200 (.AXJO) set to drop amid global sell-off triggered by Turkey

Australia: S&P/ASX 200 (.AXJO) set to drop amid global sell-off triggered by Turkey

Australia: S&P/ASX 200 (.AXJO) set to drop amid global sell-off triggered by Turkey While equity markets have sailed blithely on for weeks, not worrying too much about the disintegrating relationship between the US and its major trading partners and softening global industrial production, it took one of those unforeseen Black Swan events to bring things […]

Yelp Inc. (NYSE:YELP) soars to 52-week high as earnings penetrate the pessimism

Yelp Inc. (NYSE:YELP) soars to 52-week high as earnings penetrate the pessimism

Yelp Inc. (NYSE:YELP) soars to 52-week high as earnings penetrate the pessimism Yelp shares closed up 27 percent Thursday, a day after it posted second-quarter earnings-per-share of 12 cents versus the 1 cent Thomson Reuters consensus. It also reported sales of $235 million for the quarter versus Street expectations of $232 million. The company said […]

Dow Jones Industrial Average (.DJI) fall on weak energy stocks

Dow Jones Industrial Average (.DJI) fall on weak energy stocks

Dow Jones Industrial Average (.DJI) fall on weak energy stocks The Dow Jones Industrial Average  fell 75 points, or 0.3%, to 25,509, the S&P 500  fell 0.14%, and the Nasdaq  rose 0.04%. The S&P 500 and Dow inched lower on Thursday as gains in Apple and Amazon were offset by weak energy and financial shares. The S&P energy […]

Netflix, Inc. (NASDAQ:NFLX) Breakout May Boost Stock 11% Short Term

Netflix, Inc. (NASDAQ:NFLX) Breakout May Boost Stock 11% Short Term

Netflix, Inc. (NASDAQ:NFLX) Breakout May Boost Stock 11% Short Term Traders sold shares of Netflix, Inc. (NASDAQ:NFLX) on strength during trading hours on Thursday following insider selling activity. $426.85 million flowed into the stock on the tick-up and $510.53 million flowed out of the stock on the tick-down, for a money net flow of $83.68 […]

NASDAQ Composite (.IXIC) Set For Eighth Straight Gain

NASDAQ Composite (.IXIC) Set For Eighth Straight Gain

NASDAQ Composite (.IXIC) Set For Eighth Straight Gain Thursday’s session closes with the NASDAQ Composite Index at 7,891.78. The total shares traded for the NASDAQ was over 2 billion. Advancers stocks led declining by 1.11 to 1 ratio. There were 1592 advancers and 1429 decliners for the day. On the NASDAQ Stock Exchange 57 stocks […]

1 2 3 81