Shayne Heffernan on the Recession 2020

Shayne Heffernan on the Recession 2020

Shayne Heffernan on the Recession 2020 There has been much speculation recently in the press about the impending global crash and the inevitable fallout it will cause. The author analyses some of the reasons being given from some of the most well known economists around the world and has some more bad news for us […]

Maxis Berhad (6012.KL) Shayne Heffernan has a “hold” call and target price of RM5.15 on the stock

Maxis Berhad (6012.KL) Shayne Heffernan has a “hold” call and target price of RM5.15 on the stock

Maxis Berhad (6012.KL) Shayne Heffernan has a “hold” call and target price of RM5.15 on the stock At the 20 sen per share dividend Maxis Bhd has been paying out annually in the past four years, last Thursday’s closing price of RM5.36 would have delivered an implied yield of about 3.7%. The question here is […]

Shayne Heffernan Still Bullish on Asia

Shayne Heffernan Still Bullish on Asia

Shayne Heffernan remains bullish on the outlook for China and Chinese Companies “Asia is going to be the centre of the Financial World for the next 100 years” China’s real estate investment increased 11.6 percent year on year in the first two months of this year, the National Bureau of Statistics said Thursday. The growth […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Globally, gold prices fell 0.19% to $1,346 an ounce after hitting one-year high of $1,357.64 an ounce. Silver prices dropped 0.91% to $17.93 an ounce in New York in Friday’s trade. The current period of elevated uncertainty, both in terms of U.S. domestic policy and in foreign diplomacy, is supporting gold […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -4.860 at 1,284.400. Volume was 8,900% above average (trending) and Bollinger Bands were 3% narrower than normal. Open High Low Close Volume___ 1,289.4601,290.7601,280.7101,284.400 11,756 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,274.97 1,243.33 1,254.37 Volatility: 11 11 14 […]

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report Silver closed down -0.015 at 16.930. Volume was 8,900% above average (trending) and Bollinger Bands were 1% narrower than normal. Open High Low Close Volume___ 16.940 16.968 16.830 16.930 510 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 17.71 17.37 18.01 Volatility: […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -1.500 at 1,199.260. Volume was 8,900% above average (trending) and Bollinger Bands were 21% narrower than normal. Open High Low Close Volume___ 1,200.4101,201.9601,198.0601,199.260 1,282 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,226.77 1,213.86 1,260.96 Volatility: 7 12 16 […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -0.020 at 1,215.990. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,216.0101,216.9401,215.8101,215.990 91 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bearish Moving Averages: 10-period 50-period 200-period Close: 1,242.44 1,280.85 1,280.39 Volatility: 18 16 19 […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold looks weak in here and there are buying opportunities below $1330. Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are ranging. The projected upper bound is: 1,379.15. The projected lower bound is: 1,298.22. The projected closing price is: 1,338.68. Gold closed down -0.630 […]

Shayne Heffernan Gold Report: Buy the Dips

Shayne Heffernan Gold Report: Buy the Dips

Shayne Heffernan Gold Report: Buy the Dips Overall, the bias in prices is: Upwards. Short term: Prices are stalling. Intermediate term: Prices are trending. The projected upper bound is: 1,578.45. The projected lower bound is: 1,296.64. The projected closing price is: 1,337.54. Candlesticks A black body occurred (because prices closed lower than they opened). During […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold looks to be heading over $1400 in here. Overall, the bias in prices is: Upwards. Short term: Prices are moving. Intermediate term: Prices are trending. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1,405.51. The projected lower bound is: 1,322.34. The projected closing […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold looks like a buy in here, technicals are indicating another run up Gold closed up 5.610 at 1,320.760. Volume was 8,900% above average (trending) and Bollinger Bands were 26% narrower than normal. Open High Low Close Volume___ 1,315.1101,324.6001,313.3501,320.760 16,178 Technical Outlook Short Term: Neutral Intermediate Term: Bearish Long Term: Bullish […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Our strategy here is buying dips, long term we still see Gold above the $1500 mark. Gold closed down -8.250 at 1,358.150. Volume was 8,900% above average (trending) and Bollinger Bands were 69% wider than normal. Open High Low Close Volume___ 1,368.3101,374.7101,350.8001,358.150 12,401 Technical Outlook Short Term: Overbought Intermediate Term: Bullish […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed up 20.130 at 1,341.910. Volume was -0% below average (neutral) and Bollinger Bands were 35% wider than normal. Open High Low Close Volume___ 1,323.0001,344.2101,320.5001,341.910 0 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,301.32 1,266.54 1,180.75 Volatility: 32 22 20 […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed up 7.990 at 1,299.100. Volume was 8,900% above average (trending) and Bollinger Bands were 33% wider than normal. Open High Low Close Volume___ 1,292.9501,301.4001,291.4101,299.100 4,415 Gold Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,269.56 1,253.95 1,171.29 Volatility: 15 18 […]

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report Silver closed down -0.085 at 17.340. Volume was 8,900% above average (trending) and Bollinger Bands were 12% wider than normal. Open High Low Close Volume___ 17.424 17.486 17.180 17.340 12,795 Technical Outlook Short Term: Overbought Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 16.75 16.69 15.28 Volatility: […]

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report PREC.M.XAG= closed up 0.030 at 17.310. Volume was 8,900% above average (trending) and Bollinger Bands were 5% wider than normal. Open High Low Close Volume___ 17.267 17.369 17.120 17.310 11,914 Technical Outlook Short Term: Overbought Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 16.47 16.60 15.25 Volatility: […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report We are still buying Gold on dips in the market, we will be buying aggressively if the price goes below $1200. Gold closed down -5.190 at 1,209.500. Volume was 8,900% above average (trending) and Bollinger Bands were 22% wider than normal. Open High Low Close Volume___ 1,215.4501,220.3001,208.3101,209.500 11,901 Technical Outlook Short […]

Shayne Heffernan Gold Price Report

Shayne Heffernan Gold Price Report

Shayne Heffernan Gold Price Report Under $1200 I will be adding to our Gold Holdings, I am also looking for any excessive reaction in some Gold stocks. Gold closed down -6.950 at 1,205.200. Volume was -0% below average (neutral) and Bollinger Bands were 16% wider than normal. Open High Low Close Volume___ 1,213.0001,213.4501,199.6001,205.200 0 Technical […]

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report Silver looks close to a turn so we are once again building our long term position at HEFFX. PREC.M.XAG= closed down -0.050 at 16.250. Volume was 8,900% above average (trending) and Bollinger Bands were 14% wider than normal. Open High Low Close Volume___ 16.301 16.362 16.120 16.250 14,137 Technical Outlook Short […]

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report

Shayne Heffernan Gold Report Gold closed down -3.570 at 1,220.210. Volume was 8,900% above average (trending) and Bollinger Bands were 0% narrower than normal. Open High Low Close Volume___ 1,223.0001,233.6101,218.1501,220.210 10,982 Technical Outlook Short Term: Oversold Intermediate Term: Bearish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,250.92 1,247.88 1,162.29 Volatility: 15 19 19 […]

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report

Shayne Heffernan Silver Report Silver closed down -0.219 at 17.012. Volume was 8,900% above average (trending) and Bollinger Bands were 39% narrower than normal. Open High Low Close Volume___ 17.233 17.287 16.870 17.012 9,806 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 17.17 16.27 15.12 Volatility: […]

Shayne Heffernan: Gold Report

Shayne Heffernan: Gold Report

Shayne Heffernan: Gold Report Gold closed up 1.100 at 1,274.560. Volume was 8,900% above average (trending) and Bollinger Bands were 14% narrower than normal. Open High Low Close Volume___ 1,273.6601,280.7001,269.1001,274.560 9,595 Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bullish Moving Averages: 10-period 50-period 200-period Close: 1,273.62 1,249.29 1,158.23 Volatility: 16 20 19 […]

Tesla, Inc. (NASDAQ:TSLA) Shayne ‘Jack’ Heffernan Price Target $150

Tesla, Inc. (NASDAQ:TSLA) Shayne ‘Jack’ Heffernan Price Target $150

Tesla, Inc. (NASDAQ:TSLA) Shayne ‘Jack’ Heffernan Price Target $150 Tesla Inc. shares on Thursday traded at their lowest in five sessions after a report said the Silicon Valley car maker and Panasonic Corp. have put on hold plans to expand the Nevada Gigafactory. Tesla TSLA, -2.77% shares fell nearly 3% in midday trading, bringing weekly […]

Alphabet Inc. (NASDAQ:GOOG) Shayne ‘Jack’ Heffernan maintains a Buy rating

Alphabet Inc. (NASDAQ:GOOG) Shayne ‘Jack’ Heffernan maintains a Buy rating

Alphabet Inc. (NASDAQ:GOOG) Shayne ‘Jack’ Heffernan maintains a Buy rating This week is shaping up to be an important one for Alphabet (GOOGL) as the Google Cloud Next conference will commence on Tuesday and go through Thursday. If this is to look like last year’s conference, Google is expected to announce new products and partnerships, […]

Twitter, Inc. (NYSE:TWTR) Shayne ‘Jack’ Heffernan Turned from Neutral to Bearish

Twitter, Inc. (NYSE:TWTR) Shayne ‘Jack’ Heffernan Turned from Neutral to Bearish

Twitter, Inc. (NYSE:TWTR) Shayne ‘Jack’ Heffernan Turned from Neutral to Bearish As Twitter (TWTR) reaches near one-year highs following the stock collapse after weak Q2’18 user numbers, the investment community is oddly rather neutral on the stock. As predicted in my previous research, the social-media site regularly surpasses expectations that includes a boost to revenue growth estimates. The stock […]

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates

Australian Dollar: USD/AUD (AUD=X) now the most important domestic data release when it comes to the outlook for RBA policy rates In what’s fast becoming a familiar theme, the Aussie weakened against all major crosses except the British pound during the session, failing to garner any support despite a further modest improvement in investor risk […]

Australia: S&P/ASX 200 (.AXJO) upbeat comments from US President Donald Trump soothed investors’ nerves

Australia: S&P/ASX 200 (.AXJO) upbeat comments from US President Donald Trump soothed investors’ nerves

Australia: S&P/ASX 200 (.AXJO) upbeat comments from US President Donald Trump soothed investors’ nerves Australian shares rebounded firmly on Wednesday, recovering almost all their losses from the previous session, as upbeat comments from US President Donald Trump soothed investors’ nerves. The S&P/ASX 200 Index rose 44.3 points, or 0.7 per cent, to 6284.2 while the broader […]

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh

Euro: USD/EUR (EUR=X) sits at one-week low after GDP boost as trade risks weigh The Euro was languishing at a one-week low Wednesday after official figures confirming a pickup in the economy during the first-quarter failed to inspire a bid for the single currency, with the data coming as major banks continue to downgrade their […]

Singapore: STI Index (.STI) U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism

Singapore: STI Index (.STI)  U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism

Singapore: STI Index (.STI) U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism Most Southeast Asian stock markets advanced on Wednesday, following a firmer finish on the Wall Street, as U.S. President Donald Trump’s upbeat remarks on Sino-U.S. trade talks helped repair bruised optimism. All three major U.S. stock indexes […]

Australia: S&P/ASX 200 (.AXJO) plummeted after renewed concerns about US-Chinese trade tensions

Australia: S&P/ASX 200 (.AXJO) plummeted after renewed concerns about US-Chinese trade tensions

Australia: S&P/ASX 200 (.AXJO) plummeted after renewed concerns about US-Chinese trade tensions The Australian share market has plummeted after renewed concerns about US-Chinese trade tensions led to large losses on Wall Street overnight. The benchmark S&P/ASX200 index was down 57.7 points, or 0.92 per cent, to 6,239.9 points at 1615 AEST on Tuesday, while the […]

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher

Silver 1 OZ 999 NY (XAG=X) failed to follow gold higher SILVER PRICES failed to follow gold higher again on Tuesday, missing out on a gain for the 4th session running as gold slipped $5 from an overnight pop to $1300 per ounce amid worsening US-led trade war with Europe and China. Chinese manufacturers of solar-energy […]

Australia: S&P/ASX 200 (.AXJO) President Donald Trump’s tariff hikes looms

Australia: S&P/ASX 200 (.AXJO) President Donald Trump’s tariff hikes looms

Australia: S&P/ASX 200 (.AXJO) President Donald Trump’s tariff hikes looms Australian shares fell to a two-week low on Wednesday after sentiment surrounding US-China trade negotiations swung suddenly from positive to negative in Northern Hemisphere trading. The S&P/ASX 200 Index slid 26.6 points, or 0.4 per cent, to 6269.1 while the broader All Ordinaries fell 31.7 […]

Shanghai: SSE Composite Index (.SSEC) mixed amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise

Shanghai: SSE Composite Index (.SSEC) mixed amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise

Shanghai: SSE Composite Index (.SSEC) mixed amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise Stocks in Asia were mixed on Tuesday amid renewed tensions between the U.S. and China after Washington said tariffs on Chinese goods will rise on Friday. The Chinese markets, which plunged more […]

Tesla, Inc. (NASDAQ:TSLA) shares accelerated in the past week after being in reverse for most of the year

Tesla, Inc. (NASDAQ:TSLA) shares accelerated in the past week after being in reverse for most of the year

Tesla, Inc. (NASDAQ:TSLA) shares accelerated in the past week after being in reverse for most of the year Tesla shares accelerated in the past week after being in reverse for most of the year. The stock spiked 8% in the past five sessions, picking up speed on Friday as its upcoming stock and bond offering closed […]

FTSE Bursa Malaysia KLCI (.KLSE) Expected to remain weak

FTSE Bursa Malaysia KLCI (.KLSE) Expected to remain weak

FTSE Bursa Malaysia KLCI (.KLSE) Expected to remain weak Bursa Malaysia is expected to remain weak this week as banking- related stocks are especially impacted, with the focus on the overnight policy rate (OPR) to be released by Bank Negara Malaysia (BNM). Shayne Heffernan, CEO and Founder of Heffx said the FBM KLCI would likely […]

Australia: S&P/ASX 200 (.AXJO) poised to open higher

Australia: S&P/ASX 200 (.AXJO) poised to open higher

Australia: S&P/ASX 200 (.AXJO) poised to open higher Australian shares are poised to open higher as Wall Street pared most of its opening loss on concern about the US/China trade talks. RBA ahead. “Global markets open with massive selling pressure” this week, Shayne Heffernan said in a client note. The close today will be quite […]

Shanghai: SSE Composite Index (.SSEC) expected to open lower

Shanghai: SSE Composite Index (.SSEC) expected to open lower

Shanghai: SSE Composite Index (.SSEC) expected to open lower Asian stock markets were lower while oil prices surged Monday following reports Washington wants to block Iranian exports. While India, Seoul and also Shanghai retreated Tokyo’s benchmark woke up. Sydney and hong Kong were closed for the holiday. Also this week, the USA reports home sales […]

SET Index (.SETI) Thailand Set to Become Hottest IPO Market in South-East Asia

SET Index (.SETI) Thailand Set to Become Hottest IPO Market in South-East Asia

SET Index (.SETI) Thailand Set to Become Hottest IPO Market in South-East Asia Thailand is set to raise more than US$5 billion from initial public offerings (IPOs) in the second half of 2019. South-East Asia’s second-largest economy could see its largest IPO haul in six years, despite the economic jitters due to the inconclusive election results earlier this […]

SERBA DINAMIK HOLDINGS BERHAD (5279.KL) planning to raise a sukuk issuance worth US$200mil to US$250mil

SERBA DINAMIK HOLDINGS BERHAD (5279.KL) planning to raise a sukuk issuance worth US$200mil to US$250mil

SERBA DINAMIK HOLDINGS BERHAD (5279.KL) planning to raise a sukuk issuance worth US$200mil to US$250mil Serba Dinamik is planning to raise a sukuk issuance worth US$200mil to US$250mil (RM826mil to RM1bil) for a tenure of three years to refinance its existing foreign loans and international projects. Shayne Heffernan, CEO and Founder of Heffx is maintaining […]

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report

Australian Dollar: USD/AUD (AUD=X) weak consumer inflation report Sparking the sell-off in the AUD/USD on Wednesday was a weak consumer inflation report. The consumer price index (CPI) showed that core inflation at 1.4 percent had drifted to its lowest level in at least 16 years. Furthermore, inflation has been stuck below the RBA’s 2-3 percent […]

Australia: S&P/ASX 200 (.AXJO) two rate cuts in 2019

Australia: S&P/ASX 200 (.AXJO) two rate cuts in 2019

Australia: S&P/ASX 200 (.AXJO) two rate cuts in 2019 These latest developments have led to analysts from Australia’s major banks upgrading their rate cut expectations. “The downward surprise to core inflation in the first quarter leaves the RBA with little choice but to cut the cash rate by 25 basis points at its May meeting,” […]

Bitcoin: USD/BTC (BTC=X) Fails to Find Support at $5,600

Bitcoin: USD/BTC (BTC=X) Fails to Find Support at $5,600

Bitcoin: USD/BTC (BTC=X) Fails to Find Support at $5,600 At the time of writing Bitcoin is trading down roughly 2% at its current price of $5,490. On Monday, Bitcoin incurred a relatively large amount of buying pressure that pushed its price to the mid-$5,600 region, at which point it faced increased selling pressure that drove its price […]

Hong Kong: HANG SENG INDEX (.HSI) slip amid concerns over China stimulus pace

Hong Kong: HANG SENG INDEX (.HSI) slip amid concerns over China stimulus pace

Hong Kong: HANG SENG INDEX (.HSI) slip amid concerns over China stimulus pace Asian markets saw a mixed day on Wednesday, as fresh all-time closing highs for the S&P 500 and Nasdaq vied for investor attention with concerns China will slow its pace of economic stimulus. Japan’s Nikkei NIK, -0.27% closed down 0.3%. Hong Kong’s […]

VELESTO ENERGY BERHAD (5243:KL) earnings still volatile despite new Petronas contracts

VELESTO ENERGY BERHAD (5243:KL) earnings still volatile despite new Petronas contracts

VELESTO ENERGY BERHAD (5243:KL) earnings still volatile despite new Petronas contracts Shayne Heffernan, CEO and Founder of Heffx remains cautious on Velesto Energy Bhd’s (Velesto Energy) performance despite securing four fresh jack-up rig charters worth US$105 million (RM432 million), which have tenures of 1 year with 2 annual extension options, from Petronas Carigali. The contracts […]

UK FTSE 100 (.FTSE) MPs are back today after the Easter break and cross-party Brexit talks resume

UK FTSE 100 (.FTSE) MPs are back today after the Easter break and cross-party Brexit talks resume

UK FTSE 100 (.FTSE) MPs are back today after the Easter break and cross-party Brexit talks resume The FTSE 100 closed up 0.85 per cent, or 63.19 points, at 7,523.07, lifted by the likes of BP and Royal Dutch Shell, which benefited from rising oil prices.  Oil prices have continued to soar to more than […]

Singapore: STI Index (.STI) focused on recent optimistic Chinese macroeconomic data

Singapore: STI Index (.STI) focused on recent optimistic Chinese macroeconomic data

Singapore: STI Index (.STI) focused on recent optimistic Chinese macroeconomic data Heffx CEO and Founder, Shayne Heffernan, said the Singapore market “seems focused on recent optimistic Chinese macroeconomic data and looking to a positive US Q1 gross domestic product reading on Friday”. The Straits Times Index (STI) added 10.12 points or 0.3 per cent to […]

Australian Dollar: USD/AUD (AUD=X) Support at 0.70

Australian Dollar: USD/AUD (AUD=X) Support at 0.70

Australian Dollar: USD/AUD (AUD=X) Support at 0.70 The Australian dollar fell significantly during the trading session on Tuesday, slicing through the 50 day EMA. Beyond that, we are testing the 0.71 handle, but at the end of the day I’m a buyer of the Aussie dollar. I think that we will find support underneath, given enough […]

Twitter, Inc. (NYSE:TWTR) Analysts expect the social media platform’s revenue to climb 16.5% to $775 million

Twitter, Inc. (NYSE:TWTR) Analysts expect the social media platform’s revenue to climb 16.5% to $775 million

Twitter, Inc. (NYSE:TWTR) Analysts expect the social media platform’s revenue to climb 16.5% to $775 million Wall Street expects Twitter earnings per share to fall 6% to 15 cents a share. Analysts expect the social media platform’s revenue to climb 16.5% to $775 million. Shayne Heffernan said he believed product additions and changes to the […]

NASDAQ Composite (.IXIC) ends at 6-month high ahead of big-name earnings

NASDAQ Composite (.IXIC) ends at 6-month high ahead of big-name earnings

NASDAQ Composite (.IXIC) ends at 6-month high ahead of big-name earnings U.S. stocks closed mostly stronger Monday, with the tech-heavy Nasdaq finishing at a six-month high, as investors face a big week for corporate quarterly results and economic data following an extended holiday weekend. Investors were also monitoring a jump in crude-oil prices as the […]

TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development

TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development

TASEK CORPORATION BHD (TKCS:KL) surges 12.8% from Bandar Malaysia development The revival of the Bandar Malaysia project, which came as a surprise to the market, sparked a fresh round of buying interest in construction and building materials stocks on Bursa Malaysia today. The construction index saw a jump of 16.52 points or 8.15% to 219.2 […]

Shanghai: SSE Composite Index (.SSEC) fell from a 13-month high posting their worst session in nearly four weeks

Shanghai: SSE Composite Index (.SSEC) fell from a 13-month high posting their worst session in nearly four weeks

Shanghai: SSE Composite Index (.SSEC) fell from a 13-month high posting their worst session in nearly four weeks China stocks fell from a 13-month high on Monday, posting their worst session in nearly four weeks, as comments from top policymaking bodies raised investor fears that Beijing will slow the pace of policy easing after some […]

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates

Gold 1 OZ (XAU=X) gaining further traction on higher crude rates Investors continue to cut their exposure to gold. Speculators switched to a net short position in COMEX gold in the week to April 16, the U.S. Commodity Futures Trading Commission (CFTC) said on Friday. Also, holdings of SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, […]

Bitcoin: USD/BTC (BTC=X) Could Still See A “Black Swan” Event

Bitcoin: USD/BTC (BTC=X) Could Still See A “Black Swan” Event

Bitcoin: USD/BTC (BTC=X) Could Still See A “Black Swan” Event In the eyes of analysts across the board, Bitcoin (BTC) decidedly bottomed at $3,150. They cite the fact that at $3,150, BTC was down 85% from its all-time highs, which is where the crypto asset has bottomed in previous cycles, coupled with the idea that […]

United States Oil (USO) ongoing supply cuts led by producer club OPEC

United States Oil (USO) ongoing supply cuts led by producer club OPEC

United States Oil (USO) ongoing supply cuts led by producer club OPEC Oil prices rose early on Monday, with Brent hitting its highest level since November, driven up by a decline in U.S. drilling activity and ongoing supply cuts led by producer club OPEC. Brent crude futures were at a November 2018 high of $72.58 […]

Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24

Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24

Tesla, Inc. (NASDAQ:TSLA) Reports after the close, Wednesday, Apr. 24 Wall Street expects Tesla to report a per-share loss of 69 cents on revenue of $5.33 billion. This compares to the year-ago quarter when the loss came to $3.35 per share on revenue of $3.41 billion. What to watch: Tesla stock has been under pressure […]

FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite

FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite

FTSE Bursa Malaysia KLCI (.KLSE) negative news flow dampening investor appetite Share prices continued their downward momentum on Bursa Malaysia this morning with trading remaining lacklustre. At 9.15am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) was 5.48 points easier at 1,615.42, after opening 3.23 points weaker at 1,617.67. On the broader market, decliners outpaced gainers 200 to 112, […]

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level

Japanese Yen: USD/JPY (JPY=X) rises back up to key level USD/JPY technicals are looking increasingly bullish despite key resistance placing a temporary cap on the uptrend. The 112.20-30 level is holding just as it did back in early March, yet at the same time the pair remains in an intact 4-week uptrend and the chart’s […]

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output

United States Oil (USO) prices edged down after a Russian minister said the nation and OPEC may boost crude output Oil prices edged down on Tuesday after a Russian minister said the nation and OPEC may boost crude output to fight the United States for market share, checking a recent rally driven by tighter global […]

UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains

UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains

UEM EDGENTA BERHAD (FBMS:KL) higher today taking cue from US share gains The FBM KLCI finished 1.16 points or 0.07% higher today, taking cue from US share gains on Friday at Wall Street. At 5pm today, the KLCI settled at 1,631.33 after rising to its intraday high at 1,638.87. In the US on Friday, the […]

Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL)

Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL)

Heffx maintains ‘Hold’ call on PUBLIC BANK BHD (PUBM:KL) Heffx has maintained its ‘Hold’ rating on Public Bank Bhd, but with a lower Gordon Growth Model-based target price of RM24.40 (from RM26.50), based on 2.15 times 2019 price-to-book. In a research note last Friday, the research house said it is not amply attractive to warrant […]

Dow Jones Industrial Average (.DJI) positive sentiment boosted by finance ministers of G20 promising to get the act together to revive growth

Dow Jones Industrial Average (.DJI) positive sentiment boosted by finance ministers of G20 promising to get the act together to revive growth

Dow Jones Industrial Average (.DJI) positive sentiment boosted by finance ministers of G20 promising to get the act together to revive growth The positive sentiment would get boosted by finance ministers of G20 promising to get the act together to revive growth, that has been slowing globally. Plus the earning season has started on a […]

United States Oil (USO) could see a short-term correction

United States Oil (USO) could see a short-term correction

United States Oil (USO) could see a short-term correction U.S West Texas Intermediate and international-benchmark Brent crude oil futures settled higher last week, but the limited trading range suggests the buying may be slowing. Early in the week, prices rose to their highest levels since November, driven by turmoil in Libya along with ongoing production […]

NASDAQ Composite (.IXIC) record high as earnings begin

NASDAQ Composite (.IXIC) record high as earnings begin

NASDAQ Composite (.IXIC) record high as earnings begin US stocks have closed near record highs on Friday after the largest US bank, JPMorgan Chase & Co, soothed worries that the first-quarter earnings season would dampen Wall Street’s big rally back from last year’s slump. The S&P 500 is now within one per cent of September’s […]

MALAYAN BANKING BHD (MBBM.KL) remains committed to supporting borrowers

MALAYAN BANKING BHD (MBBM.KL) remains committed to supporting borrowers

MALAYAN BANKING BHD (MBBM.KL) remains committed to supporting borrowers MALAYAN Banking Bhd (Maybank) is projected to disburse some RM85 billion worth of mortgages as well as loans to small and medium enterprises (SMEs) over the next three years. Its group president and CEO Datuk Abdul Farid Alias said the banking industry remains committed to supporting […]

Singapore Press Holdings Limited (T39.SI) now gets bulk of earnings from property

Singapore Press Holdings Limited (T39.SI) now gets bulk of earnings from property

Singapore Press Holdings Limited (T39.SI) now gets bulk of earnings from property Investor interest in Singapore Press Holdings is set to cool further after the company posted a drop in earnings and cut its dividend once again, underlining its struggle to find direction outside its core business. Once a sought-after stock due to its substantial […]

Singapore: STI Index (.STI) largely range-bound trading

Singapore: STI Index (.STI) largely range-bound trading

Singapore: STI Index (.STI) largely range-bound trading This week’s trading in Singapore was one characterised by market watchers as largely range-bound. The Straits Times Index (STI) had either made small gains or losses, and at the week’s close eked out a 9.34 point or 0.3 per cent gain from the previous Friday’s close of 3,322.64. […]

Australian Dollar: USD/AUD (AUD=X) markets will be keeping a close eye on the RBA minutes

Australian Dollar: USD/AUD (AUD=X) markets will be keeping a close eye on the RBA minutes

Australian Dollar: USD/AUD (AUD=X) markets will be keeping a close eye on the RBA minutes AUD/USD showed volatility and gained about 1.0% last week. The markets will be keeping a close eye on the RBA minutes, Australian employment data and Chinese GDP. Here is an outlook for the highlights of this week and an updated technical analysis for […]

British Pound: USD/GBP (GBP=X) investors will be watching employment, inflation and retail sales this week

British Pound: USD/GBP (GBP=X) investors will be watching employment, inflation and retail sales this week

British Pound: USD/GBP (GBP=X) investors will be watching employment, inflation and retail sales this week GBP/USD showed little movement last week. It’s a busy week in the U.K, with employment, inflation and retail sales reports. Here is an outlook for the highlights of this week and an updated technical analysis for GBP/USD. Britain and the EU agreed […]

Singapore: STI Index (.STI) may see an extension of last week’s rally this week

Singapore: STI Index (.STI) may see an extension of last week’s rally this week

Singapore: STI Index (.STI) may see an extension of last week’s rally this week The benchmark Straits Times Index (STI) may see an extension of last week’s rally this week, bolstered by gains on Wall Street on the back of a stronger-than-expected March jobs report, and hopes for a rapid conclusion to US-China trade talks. […]

Sell in May or stay and pray?

Sell in May or stay and pray?

According to the popular but pithy market aphorism, share market investors should “sell in May and go away” to avoid a seasonal downturn. Ah, if only it were that easy! The Gregorian calendar may tick over reliably, but many market watchers now believe the adage is a less than reliable indicator of market performance. The […]

British Pound: USD/GBP (GBP=X) promises to be a busy week

British Pound: USD/GBP (GBP=X) promises to be a busy week

British Pound: USD/GBP (GBP=X) promises to be a busy week GBP/USD posted huge gains last week, climbing 2.2 percent. It promises to be a busy week. The U.K. releases CPI and retail sales, and parliament will hold another vote over Brexit. Central banks will also be in focus, with the BoE and Federal Reserve expected […]

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week

Australian Dollar: USD/AUD (AUD=X) bias remains neutral this week AUD/USD stayed in consolidation above 0.7003 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another recovery, upside should be limited by 0.7121 minor resistance to bring fall resumption. On the downside, break of 0.7003 will resume the fall […]

Australia: S&P/ASX 200 (.AXJO) Employment conditions weakening

Australia: S&P/ASX 200 (.AXJO) Employment conditions weakening

Australia: S&P/ASX 200 (.AXJO) Employment conditions weakening But jobs growth appears to be swimming against the tide and forward looking indicators are sinking. Shayne Heffernan said “Australia is overtaxed, the minimum wage is too high and the social security problem is weighing on the taxpayer, Australia has seen the dollar at overly high levels for […]

Hong Kong: HANG SENG INDEX (.HSI) sentiment boosted by bullish global markets performances

Hong Kong: HANG SENG INDEX (.HSI) sentiment boosted by bullish global markets performances

Hong Kong: HANG SENG INDEX (.HSI) sentiment boosted by bullish global markets performances The market started on a bearish note last week after a two-week decline but rebounded to close marginally higher on bargain hunting. Shayne Heffernan said “don’t be too quick to write off China, the new reforms in Beijing should see a boost […]

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation

Japanese Yen: USD/JPY (JPY=X) bias remains neutral this week for some more consolidation USD/JPY rebounded further last week but was held below 112.13 resistance. Initial bias remains neutral this week for some more consolidation. But still, as long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume […]

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance

Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 continued last week despite lost of upside momentum. No change in the view that it’s a corrective move. Hence, in case of another rise, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1277 […]

Dollar General Corporation (NYSE:DG) Earnings Fall Short

Dollar General Corporation (NYSE:DG) Earnings Fall Short

Dollar General Corporation (NYSE:DG) Earnings Fall Short Dollar General (DG) reported weaker-than-expected earnings for the fourth quarter though revenue and same-store sales topped views. Dollar General earnings guidance also was light. Dollar General stock tumbled below a buy point. Shayne Heffernan said “you know things are good when bottom end retailers are suffering” Dollar General Earnings […]

Facebook, Inc. (NASDAQ:FB) stock fell two executives were leaving, unexplained outage

Facebook, Inc. (NASDAQ:FB) stock fell  two executives were leaving, unexplained outage

Facebook, Inc. (NASDAQ:FB) stock fell following an announcement that two executives were leaving the company In a post on Facebook, Chief Executive Mark Zuckerberg announced that the company’s Chief Product Officer, Chris Cox, has resigned. Zuckerberg also announced that Chris Daniels, vice president of the Facebook messaging app WhatsApp, is also leaving. Shayne Heffernan said ” the […]

Apple Inc. (NASDAQ:AAPL) iPhone Dependent

Apple Inc. (NASDAQ:AAPL)  iPhone Dependent

Apple Inc. (NASDAQ:AAPL) firm says the iPhone business remains a strong driver for the stock Add Cowen to a list of Apple bulls as analysts there see the steady iPhone business driving the stock another 20 percent higher. Cowen initiated coverage on Apple with an outperform rating and $220 12-month price target. The firm said the iPhone […]

United States Oil (USO) recent data revealed a weekly decline in domestic supplies

United States Oil (USO) recent data revealed a weekly decline in domestic supplies

United States Oil (USO) recent data revealed a weekly decline in domestic supplies Oil futures split ways on Thursday, with U.S. prices up a fourth straight session after recent data revealed a weekly decline in domestic supplies, but global prices ending lower in the wake of a reported delay in the U.S.-China trade discussions and […]

Alphabet Inc. (NASDAQ:GOOG) aims for the clouds

Alphabet Inc. (NASDAQ:GOOG) aims for the clouds

Alphabet Inc. (NASDAQ:GOOG) aims to leverage its parent’s cloud-computing platform Chronicle — the security startup spawned by Google-owner Alphabet (GOOGL) — aims to leverage its parent’s cloud-computing platform. Customers can set up “private clouds” storing their security data. Like sibling Google, Chronicle will use artificial-intelligence tools to analyze huge amounts of data. Shayne Heffernan said “the next battle in the […]

Dow Jones Industrial Average (.DJI) What Next?

Dow Jones Industrial Average (.DJI) What Next?

Dow Jones Industrial Average (.DJI) holding close to break even Stocks ended mixed Thursday as the three major stock indexes reacted to reports on stalled trade talks with China. President Trump had said he was no rush to complete a trade pact with China, but on Thursday both he and Treasury Secretary Steven Mnuchin said that discussions […]

NASDAQ Composite (.IXIC) United States and China Provide Mixed Signals

NASDAQ Composite (.IXIC) United States and China Provide Mixed Signals

NASDAQ Composite (.IXIC) mixed as uncertainty over when a trade deal between the United States and China would be reached clouded sentiment U.S. stocks flitted between gains and losses on Thursday as uncertainty over when a trade deal between the United States and China would be reached clouded sentiment. Wall Street’s main indexes briefly moved […]

Tesla, Inc. (NASDAQ:TSLA) electric-car maker gets set to unveil its Model Y

Tesla, Inc. (NASDAQ:TSLA) electric-car maker gets set to unveil its Model Y

Tesla, Inc. (NASDAQ:TSLA) electric-car maker gets set to unveil its Model Y Tesla shares were up 1% Thursday as investors anticipated the rollout of the Model Y, a sports-utility-vehicle crossover which will share 75% of its parts with the Model 3.The unveiling event is set for 8 p.m. PT at the electric-car maker’s design center […]

Bitcoin: USD/BTC (BTC=X) lacking clear directional bias

Bitcoin: USD/BTC (BTC=X) lacking clear directional bias

Bitcoin: USD/BTC (BTC=X) lacking clear directional bias Bitcoin’s struggle for direction continues amid growing signs of a bull reversal in alternative cryptocurrencies. The leading cryptocurrency by market value is trapped in the range of $3,800 to $3,900 for a ninth straight day, contradicting the quick move toward the recent high of $4,190 suggested by the […]

Nick Leeson on the Trading Day Ahead

Nick Leeson on the Trading Day Ahead

Nick Leeson on Indicies Drift Asian markets are little changed overnight as Global equity indices look set to drift this morning. The FTSE is called two points higher whilst the DAX is currently forecasted to shed 6 points at the opening bell. The DOW closed higher yesterday even after the US Federal Aviation Authority followed […]

Nick Leeson on Brexit, Boeing and the Day Ahead

Nick Leeson on Brexit, Boeing and the Day Ahead

Brexit news provided the impetus for a bumpy ride for the European Indices and Sterling yesterday. A positive stance after news of concessions from the EU was quickly replaced by uncertainty and a swift move lower as legal opinion indicated that we were no nearer a path through the forest to a successful Brexit. In […]

Tesla, Inc. (NASDAQ:TSLA) Question authority… and the authorities will question you

Tesla, Inc. (NASDAQ:TSLA) Question authority… and the authorities will question you

Tesla, Inc. (NASDAQ:TSLA) Question authority… and the authorities will question you Elon Musk’s lawyers have now answered the court regarding the SEC’s attempt to have them hold Tesla’s CEO in contempt and it details how the federal agency is going after the automaker and its leaders in quite an absurd way over some arguably meaningless […]

The Bulls Are In Charge of the US Stock Market

The Bulls Are In Charge of the US Stock Market

FLASH: This a Special Report, looking ahead at this leg of the longest Bull run in market history The US Stock Market: The Bulls Vs The Bears Russell 2000 +16.4% YTD NAS Comp +12.6% YTD DJIA +11.0% YTD S&P 500 +10.7% YTD US stocks rallied late last week into options expiration, even as some analysts felt like they should […]

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