Gold Higher, USD Down, Stocks Up + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Higher US Dollar Down Crude Oil Rise a Bit Friday Asian Stocks Up sans Japan In Asia Gold: Gold prices rose Friday, having hit a 1-week high earlier in the session, as investors sought safe-haven assets on fears of a chaotic departure for Britain from the EU aka BREXIT. […]
Singapore: STI Index (.STI) Edges Higher Singapore stocks finished 0.4 per cent higher on Thursday, with the Straits Times Index gaining 11.34 points to 3,054.53. Gainers outnumbered losers 222 to 170, as some 1.91 billion shares worth S$1.06 billion in total changed hands. The most actively traded counter was Genting Singapore, which rose S$0.025 to S$0.950 […]
Shanghai: SSE Composite Index (.SSEC) stocks rise on hopes for trade talks China stocks were higher after the close on Thursday, as gains in the Telecoms, Mobile and Software & Computer Services sectors led shares higher. At the close in Shanghai, the Shanghai Composite gained 1.36%, while the SZSE Component index gained 1.18%. The best […]
Australian Dollar: USD/AUD (AUD=X) sweeps higher after solid labour market report draws bid The Australian Dollar swept higher against all rivals Thursday after official data showed the Antipodean labour market going from strength-to-strength in October, but some analysts are warning that things might already be about as good as they are likely to get for […]
Japanese Yen: USD/JPY (JPY=X) falters again USD/JPY continues to weaken, and we look for further declines towards the 50-day simple moving average (SMA) at ¥112.76. Rallies have been sold into over the past few days, but a rebound above ¥113.64 would be bullish in the near term. Overall, the bias in prices is: Sideways. By the […]
The Chinese will Account for 50% of Luxury Sales by 2025 Chinese consumers remain the focus of luxury goods makers, as a new study by Bain consultancy shows they will fuel nearly half of global high-end sales by Y 2025. Bain said Thursday that Chinese shoppers will account for 46 – 50% of global luxury […]
President Trump, NKorea’s Chairman Kim to Meet in 2019 President Donald Trump plans to meet NKorean leader Kim Jong Un in the New Year. The United States and NKorea have been discussing a 2nd meeting between their leaders to follow up the Singapore Summit in June and lay the groundwork for ending a nuclear stand-off. […]
Shanghai: SSE Composite Index (.SSEC) new data underscored concerns about weaker economic growth China’s stock markets ended weaker on Wednesday as new data underscored concerns about weaker economic growth and as energy producers slipped on plunging oil prices. At the close, the Shanghai Composite index was down 0.9 percent at 2,632.24 points. The blue-chip CSI300 […]
Hong Kong: HANG SENG INDEX (.HSI) Rally May Stall The Hong Kong stock market has moved higher in back-to-back trading days, gathering almost 200 points or 0.8 percent along the way. The Hang Seng Index now rests just above the 25,790-point plateau although investors may cash in on Wednesday. The global forecast for the Asian […]
Singapore: STI Index (.STI) shares slip as oil tumbles The key stock index had declined 20% this year as of Tuesday, making it the worst performer in Southeast Asia. Indonesian shares closed higher for a second straight session with material and consumer stocks dominating the gains. “It is more of a technical rebound than a […]
Japanese Yen: USD/JPY (JPY=X) preparing for a breakout Amid the recent pressure on U.S. stocks, traditional safe-haven assets have not performed well. Weakness in the Japanese yen, Swiss franc, and gold have highlighted the limited interest in fleeing from U.S. equities. However, this dynamic may be ready to shift. A reversal of today’s early rallies […]
Australia: S&P/ASX 200 (.AXJO) continues to weaken Australian shares extended their losses from the previous session on Wednesday, as the financial, material and energy stocks wiped $30.3 billion from the ASX board. The S&P/ASX 200 Index closed 101.4 points, or 1.7 per cent, lower at 5732.8 while the broad All Ordinaries Index fell 100.3 points, […]
Australia: S&P/ASX 200 (.AXJO) taken a hit after fears of a slowdown in global growth Australia’s stock market has taken a hit after fears of a slowdown in global growth and demand slashed the price of big-name US technology stocks. The benchmark S&P/ASX 200 index had fallen by more than 100 points or 1.8 per cent […]
Australian Dollar: USD/AUD (AUD=X) trade tensions ease again The Australian dollar is rocketing higher in Asian trade, boosted by signs of a continued thawing in trade tensions between the United States and China. According to the South China Morning Post, Chinese vice-premier Liu He will travel to the United States ahead of the G20 leaders […]
Singapore: STI Index (.STI) volatility is back In a year full of debate on whether stocks have peaked, one thing’s clear: volatility is back. Tuesday’s trading showed that in spades, with Japan’s Nikkei 225 Stock Average sliding 3.5% at one point before paring to close 2.1% lower. China’s Shanghai Composite quickly erased its earlier 1.3% […]
Japanese Yen: USD/JPY (JPY=X) keeps on rallying The ascent of USD/JPY continues, consolidating above ¥114.00 and on course to target the ¥114.50 area seen at the beginning of October. Dips have been firmly bought over the past few days, so we would need to see a move below ¥113.00 to suggest some near-term weakness. Overall, the bias […]
Hong Kong: HANG SENG INDEX (.HSI) Investors buy on trade optimism, but long-term interest lacking Stocks in Hong Kong rose on Tuesday as Beijing and Washington are said to be preparing for fresh trade talks, helping investors overcome the overnight rout in the U.S. markets. The Hang Seng index gained 0.6 percent to 25792.87 and […]
NY-T’s Story on Secret NKorean Missile Sites is ‘Fake News’ Tune out the Noise! US President Donald Trump lashed out at The New York Times calling its report about NKorean secret missile bases “inaccurate.” “The story in the New York Times concerning NKorea developing missile bases is inaccurate,” President Trump posted on Twitter. “We fully know about the sites […]
US China Trade Talks Back On President Donald Trump’s top economic adviser said Tuesday that the United States was talking again with China on trade, calling it a “very positive” development. “Right now we’re having communications at all levels of the US and Chinese governments,” National Economic Council Director Larry Kudlow said in a TV […]
Retail and digital experts, investors, tech experts and 200 CXOs from some of the biggest brands will come together on 21 Nov at Marina Bay Sands, aiming to empower business leaders with the latest business and consumer strategies and uncover how technology is fundamentally transforming the e-commerce, startup and retail ecosystem in Southeast Asia (SEA). […]
Goldman Sachs “cheated” Malaysia, leader Mahathir Mohamad said, after two former bankers from the Wall Street titan were charged over a scandal that allegedly saw billions looted from state coffers. The US Justice Department unveiled criminal charges this month against ex-Goldman bankers Tim Leissner and Ng Chong Hwa, accusing them of working with a Malaysian […]
The Monetary Authority of Singapore (MAS) announced today initiatives to enhance private markets financing channels, including a programme to place up to US$5 billion for management with private equity (PE) and infrastructure fund managers. 2 Mr Peter Ong, MAS Board Member and Chairman of Enterprise Singapore, highlighted the new initiatives at the Global Investor Summit […]
Singles Day Sales Proves the Value of V-MORE Chinese e-commerce giant Alibaba has smashed records for its Singles Day, the world’s biggest 24-hour shopping event, despite an ongoing trade war with the US and waning domestic interest in the event. The 2018 edition of the 11/11 Singles Day brought in a record $30.8 billion (213.5 […]
The Street’s Key Stock Analysts Research Reports $CMA, $CROX, $CFR, $DNLI, $FNSR, $IMO, $JBL, $LB, $KORS, $OXY, $OIS, $REGN Daily HeffX-LTN reviews dozens of the Street’s Key analysts research reports to ID new trading and investing ideas for HeffX-LTN readers. Some reports cover stocks to buy, and others cover stocks to sell or avoid. Below is a list of The Street’s Key analysts outlook for main […]
Australian Dollar: USD/AUD (AUD=X) further strength to 0.7315 Despite overall positive indications, AUD has not been able to make much headway on the upside. It touched a high of 0.7303 last Thursday (08 Nov) but has since eased off. For now, we continue to see a chance for AUD to test the strong 0.7315 resistance. […]
Hong Kong: HANG SENG INDEX (.HSI) Govt relaxes rules on share buybacks Stocks in China and Hong Kong edged higher on Monday after government departments and regulators rolled out a series of measures over the weekend to support the private sector, including steps to make share buybacks easier. The Shanghai Composite index rose 0.7 percent […]
Singapore: STI Index (.STI) retail sales up 1.9% Retail sales in Singapore rose 1.9% in September on a year-on-year basis after declining for the months of July and August. The increase was helped by increased sales seen in petrol service stations, watches and jewelleries, and medical goods and toiletries. Total receipts reached around S$3.6 billion […]
Australia: S&P/ASX 200 (.AXJO) started the week in positive territory The Australian share market started the week in positive territory, clawing back from early losses after most sectors entered positive territory and Utilities continued to shine Mining stocks entered positive territory after the iron ore price lifted while Financial stocks remained underwater. Also capping gains […]
Japanese Yen: USD/JPY (JPY=X) Focus is at 114.54. While we highlighted yesterday (08 Nov, spot at 113.55) “there is a good chance for USD to move to 114.00”, the pace of the advance has been faster than anticipated (USD touched 114.08 during NY hours). As highlighted, a break of 114.00 would shift the focus to […]
Shanghai: SSE Composite Index (.SSEC) securities regulator said it will make it easier for companies to buy back shares Stocks in China snapped a five-session losing streak to end higher on Monday, after the securities regulator said it will make it easier for companies to buy back shares. The news lifted smaller-cap stocks, which have […]
Australian Dollar: USD/AUD (AUD=X) Australia’s jobs report and wage data stand out The Australian dollar enjoyed a second consecutive week, but the rally met its limits. What’s next? Australia’s jobs report and wage data stand out. Here are the highlights of the week and an updated technical analysis for AUD/USD. The Reserve Bank of Australia […]
Australia: S&P/ASX 200 (.AXJO) poised to start the week lower Australian shares are poised to start the week lower, dragged down by a tech rout on Wall Street. Base metals also retreated and oil extended its rout. ASX futures were 37 points lower. Shares on Wall Street fell to end their week, with the S&P […]
Hong Kong: HANG SENG INDEX (.HSI) Chinese regulator announced that it was setting lending targets for banks Chinese equities had set the tone for risk appetite earlier in the day, with the CSI300 down -1.4% and the Hang Seng down -2.4%. The Chinese regulator announced that it was setting lending targets for banks to private […]
Japanese Yen: USD/JPY (JPY=X) Bank of Japan is widely expected to press on with its ultra-loose monetary policy The Dollar/Yen rose last week as buyers returned to the stock market, dampening the attraction of the Japanese Yen as a safe-haven asset. However, the biggest influence on the Forex pair was the diverging monetary policies of […]
Shanghai: SSE Composite Index (.SSEC) hinting at further weakness In Asia, Japan’s Nikkei 225 Index has added 1,100 points since Oct. 29, rising 5.2%. Some analysts have attributed the Nikkei 225 Index’s recent gains to a weakening yen. Analysts at JPMorgan Chase (NYSE:JPM) said that the Index could easily rocket to reach 28,000 points if […]
Singapore: STI Index (.STI) slowdown as tech stocks plunged It was looking like a week of wound-licking for Asian stocks. Then crude oil entered a bear market and alarm bells rang on China’s slowdown as tech stocks plunged. Just like that, the region’s equity benchmark erased weekly gains and posted its sixth slide in seven […]
Chinese Investors Sentiment is Very Weak, Conditions Abroad Have Little Influence $ALMMF, $CHL, $PTR Market sentiment is very weak. President Xi’s government is struggling to dispel such gloom and talk stock prices back up with promises of tax cuts, more bank lending and a media campaign. The benchmark Shanghai Composite Index sank 30% from January […]
Tokyo Electric Power Company Holdings, Inc. (TEPCO) announced today that it has acquired 36.38% of the shares in Viet Hydro Pte. Ltd. (Viet Hydro), the majority shareholder of Lao Cai Renewable Energy Joint Stock Company (Lao Cai Renewable Energy), from InfraCo Asia Development Pte. Ltd. (InfraCo Asia), a company of the Private Infrastructure Development Group […]
Japanese Yen: USD/JPY (JPY=X) gains continue The uptrend from the lows of last week continues, with the price of the USD/JPY clocking up a higher high in the process on the hourly chart. The next target is now ¥114.50, the highs from early October. Dips towards ¥113.00 may well find buyers. Overall, the bias in prices is: […]
Hong Kong: HANG SENG INDEX (.HSI) China’s big three telecoms firms rose on new network deals Hong Kong shares edged higher on Thursday following a Wall Street rally driven by relief that U.S. midterm elections produced no major surprises, and as China’s big three telecoms firms rose on new network deals. The Hang Seng index […]
Singapore: STI Index (.STI) boosted risk appetite Singapore and Malaysia shares rose Thursday along with most Asian markets as Wall Street gained following conclusion of U.S. midterm elections that erased political uncertainty and boosted risk appetite. The Straits Times Index ended 0.9% higher at 3093.24. Jardine Cycle & Carriage rose 3.7% in Singapore to extend […]
Australia: S&P/ASX 200 (.AXJO) investors await the RBA for guidance Australian futures are lower as investors await the RBA for guidance on the outlook for rates. ASX futures were down 14 points at 5.40am AEDT. The US Federal Reserve released its latest statement at 6am AEDT. At the end of a two-day gathering, the Fed held interest […]
Shanghai: SSE Composite Index (.SSEC) data shows surprisingly strong exports China stocks posted modest gains on Thursday morning, rebounding from three days of losses, as new data showed surprisingly strong exports and imports in October. At the midday break, the Shanghai Composite index was up 16.08 points or 0.61 per cent at 2,657.42. China’s blue-chip […]
Australian Dollar: USD/AUD (AUD=X) positive outlook to come the SoMP The AUD/USD is trading just below the major level at 0.7300, after a sharp run-up from where we’ve been recently. We traded nearly at the 0.7000 level, but since that point, the buyers have come thick and fast. The channel that we have been in […]
A landmark merger between Australian broadcaster Nine Entertainment and venerable newspaper group Fairfax won regulatory approval Thursday, clearing the way for the creation of a media giant across television, print, video streaming and digital. The Australian Competition and Consumer Commission said the deal, announced in July, “was not likely to substantially lessen competition in any […]
Singapore: STI Index (.STI) Shares edge higher Singapore stocks ended slightly higher on Wednesday, with the Straits Times Index rising 4.74 points or 0.2 per cent to 3,065.36. Gainers outnumbered losers 234 to 173, after about 1.57 billion shares worth S$1.17 billion in total changed hands. The most actively traded counters were Rex International, which gained 2.5 […]
Australian Dollar: USD/AUD (AUD=X) continues to regain ground AUD/USD has turned higher once more, despite the initial respect of the 76.4% Fibonacci resistance. The long-term downtrend remains intact unless we see a break through the $0.7315 swing high. However, with the price having broken through both trendline and now Fibonacci resistance, we are increasingly seeing a wider […]
Shanghai: SSE Composite Index (.SSEC) weak earnings and an uncertain economic outlook outweighing government pledges China stocks ended a volatile session lower, with weak earnings and an uncertain economic outlook outweighing government pledges of support for wavering markets. At the close, the Shanghai Composite Index was 0.7 percent lower at 2,641.34 points. The blue-chip CSI300 […]
Hong Kong: HANG SENG INDEX (.HSI) Asian markets mixed The East is red again. Chinese stocks have been hammered amid worries about slowing economic growth and an escalating trade dispute with the United States. China’s Shanghai Composite Index and Hong Kong’s Hang Seng Index are respectively down 20 per cent and 13 per cent this […]
Australia: S&P/ASX 200 (.AXJO) share market flat and one sector is keeping the bourse’s head above water Energy and materials stocks are keeping the Australian share market flat at the open, with the financial sector keeping the bourse’s head above water. The benchmark S&P/ASX200 index was up 7.1 points to 5882.3 at 1030 AEDT on […]
Japanese Yen: USD/JPY (JPY=X) sharp retreat Intraday bias in USD/JPY is turned neutral with today’s sharp retreat. On the upside, above 113.81 will extend the rebound from 113.37 to 114.54 resistance. We’d be cautious on strong resistance from there to limit upside to bring another fall. On the downside, break of 112.56 minor support will […]
Ferrari’s (NYSE:RACE) Tailor Made Program Highlighted in Japan $RACE Some Ferrari clienti just do not want a standard Ferrari After introducing the gorgeous J50 Special Edition at the end of Y 2016 to mark 50 years in Japan, Ferrari is now showing its appreciation for the Land of the Rising Sun. Highlighting the company’s Tailor Made division by […]
Shanghai: SSE Composite Index (.SSEC) U.S.-Sino standoff has proven a distraction Expectations around a trade deal between China and the U.S. are on the rise, but fixing that strained relationship won’t be enough to solve China’s growth conundrum or address the problem of rising funding costs for emerging-market economies, one analyst says. President Donald Trump […]
Australia: S&P/ASX 200 (.AXJO) Reserve Bank left interest rates on hold The Australian sharemarket steadily climbed on volume well-below average as the Reserve Bank left interest rates on hold and retained its upbeat growth outlook. Following gains of 0.7 per cent on Wall Street last night, the S&P-ASX climbed 57.1 points, or 0.98 per cent, […]
Singapore: STI Index (.STI) mixed after a muted US session ahead of midterm elections Share prices were mixed in Europe and Asia on Tuesday as cautious world investors awaited the outcome of the US midterm elections. The Shanghai Composite index slipped 0.2 per cent to 2,659.36 and Hong Kong’s Hang Seng bounced back, gaining 0.7 […]
Japanese Yen: USD/JPY (JPY=X) challenges recent resistance The 31 October high at ¥113.38 for USD/JPY is still acting as resistance, with an attempt to move above this level today defeated. Above this, ¥113.64 and then ¥114.50 are potential targets. Due to ¥112.56 being defended by buyers last week, a move below this is required to […]
Hong Kong: HANG SENG INDEX (.HSI) China premier talks up targeted policy support Hong Kong shares erased early losses and ended higher on Tuesday after China’s premier said the country would take targeted policy steps to support private companies. *At the close, the Hang Seng index was 0.7 percent higher at 26,120.96 points while the […]
Australian Dollar: USD/AUD (AUD=X) struggling as fears of an escalation in the trade war continue The Australian dollar has rallied over the last several days, reaching towards a major downtrend line and coinciding with the 0.7250 level, an area that I think will be rather stringent and difficult to break above. If we do, that’s […]
Hong Kong: HANG SENG INDEX (.HSI) trade worries persist Hong Kong stocks were among the region’s biggest decliners. After ending last week with a 4.2% gain, the most in seven years, the Hang Seng Index HSI, -2.08% was down 2%. Trade worries persisted, as did concerns about the mainland economy, after a new report found […]
Shanghai: SSE Composite Index (.SSEC) White House denies done deal Stocks in China ended their four sessions of gaining streak on Monday as participants awaited the outcome of the U.S. mid-term elections, which may change the White House’s policy direction on trade. Investors also tried to make sense of the Chinese president’s announcement of launching […]
Australian Dollar: USD/AUD (AUD=X) weakens from Fibonacci resistance AUD/USD rallied into the 76.4% retracement last week, with the pair moving lower since. The trendline breakout seen recently points towards a possible bullish reversal for this pair, yet we would need to see a move above $0.7315 to provide greater credence to that idea. Until then, it […]
Singapore: STI Index (.STI) resumes Monday afternoon at 3,058.13 Singapore shares continued to slide on Monday afternoon, resuming trading on lower ground, with the Straits Times Index down 58.26 points or 1.9 per cent to 3,058.13. About 973 million shares worth S$517 million in total changed hands, with losers outnumbering gainers 243 to 100. Among […]
Japanese Yen: USD/JPY (JPY=X) first support at 112.60 The USD/JPY extends its sideways movement into the NA session and struggles to determine its next short-term direction as investors stay on the sidelines ahead of Tuesday’s critical midterm elections in the U.S. As of writing, the pair was virtually unchanged on the day at 113.18. The […]
Japanese Yen: USD/JPY (JPY=X) New month, new mood 115.55 was a high point in the first half of 2017 and is an upside target. 114.60 was the high point in early October and serves as resistance. 114 is a round number and was a stepping stone on the way down. 113.40 capped the pair in […]
Australia: S&P/ASX 200 (.AXJO) Focus on US-China trade war Australian shares are poised to edge lower as conflicting signals about the US and China trade war puts investors on the defensive. The Australian futures index is predicting the market will open around five points lower, giving up any modest gains the ASX made on Friday. […]
Singapore: STI Index (.STI) local earnings reports and China data due out this week Asian markets were given a boost from the middle of the past week on positive earnings reports from Wall Street and developments in US-China trade relations. But as markets head into the first full week of November, all eyes will be […]
Shanghai: SSE Composite Index (.SSEC) systemic reform is imperative There have been calls from high-level government officials to boost the stock market in recent days and various measures have been taken, but the core issue is not to return to the kind of bull market that was seen in 2014 and early 2015. Instead the […]
President Trump, “I Think We’ll Make a Deal With China on Trade” US President Donald Trump said Friday that he will likely make a deal with China on trade, adding that a lot of progress had been made to resolve the 2 countries’ differences but warning that he still may impose more tariffs on Chinese […]
Infireum: Asia’s Stablecoin Stablecoins are all the rage and in Asia Infireum is making it’s mark as the stablecoin to own. A stablecoin is a cryptocurrency designed to minimize the price volatility. Stablecoins are used as stores of value or units of account, as well as in other use cases where volatile cryptocurrencies may be […]
Gold Steady, USD Up, Stocks Higher + Commodities $GLD,$SLV,$USD,$USO,$OIL,$SOY,$CORN,$WEAT Gold Prices Steady US Dollar Up Crude Oils Down Asian Stocks Higher Traders eye US NFPs Data Traders eye US Earnings Data In Asia Gold prices were steady in early Asian trade Friday, after rising about 1.5% in the prior session, while the USD inched up ahead of the US NFP […]
Singapore: STI Index (.STI) lenders rallied after Oversea-Chinese Banking Corp posted a record quarterly profit Singapore shares climbed to a one-week high on Thursday as lenders rallied after Oversea-Chinese Banking Corp posted a record quarterly profit, while other markets in the region were subdued. Singapore shares ended 1.4% higher after lender OCBC reported a 12% […]
Australia: S&P/ASX 200 (.AXJO) recorded its fifth straight advance Australian shares are set to open moderately higher after Wall Street rebounded for a second consecutive day. The Australian dollar has slipped to 70.7 US cents and 62.5 euro cents. But it fell sharply to 55.4 British pence — after the UK’s Brexit secretary, Dominic Raab, […]
Hong Kong: HANG SENG INDEX (.HSI) bracing for more volatility We are now two months away from the end of the year, and half of the major Asian stock markets are down about 10 percent or more. Some have entered bear markets and in total, more than $5 trillion in market value has been wiped […]
Shanghai: SSE Composite Index (.SSEC) downward pressure on economic growth Chinese stocks kicked off the month on a positive note, with traders encouraged by signs that officials will increase stimulus to support the nation’s slowing economy. The yuan jumped after the central bank set the fixing at a stronger-than-expected level. October was the index’s worst […]
Japanese Yen: USD/JPY (JPY=X) could get a slight dip The US dollar has done very little against the Japanese yen during trading on Thursday, which of course is not a huge surprise considering that the jobs number comes out in the United States on Friday. This is one of the most sensitive pairs to that […]
Australian Dollar: USD/AUD (AUD=X) trade surplus surges, lifts fundamental value The Australian Dollar rose broadly Thursday after official data revealed a sharp increase in the nation’s trade surplus during September, providing a tailwind to a currrency that is also being boosted by a series of positive developments in China. Australia’s trade surplus rose to $3.02 […]
V-More Sets the Ecommerce Pace in Asia The world’s fastest growing ecommerce market, Asia is being unified via a single platform, V-MORE a unique international e-commerce platform that currently caters to Singapore, Malaysia, Thailand, China and Taiwan. V-MORE aim to take on the giants in the industry and become the world’s leading e-commerce platform and […]
Shanghai: SSE Composite Index (.SSEC) rising investor optimism Stocks in China closed higher on Wednesday amid rising investor optimism after authorities this week pledged support for markets, but the country’s main indexes fell sharply for the month while new manufacturing data pointed to weakness ahead. *At the close of trade, the Shanghai Composite index was […]
Japanese Yen: USD/JPY (JPY=X) Bank of Japan maintained its monetary policy The Japanese yen has posted slight gains in the Wednesday session, after recording losses in the past two sessions. In North American trade, USD/JPY is trading at 113.15, up 0.06% on the day. On the release front, the Bank of Japan maintained its monetary […]
Australian Dollar: USD/AUD (AUD=X) weakens after eighth consecutive inflation disappointment The Australian Dollar stumbled Wednesday after an eighth consecutive inflation disappointment vindicated the market for its pessimism about the outlook for interest rates down under, and as data suggested the Chinese economy is beginning to creak under the pressure of U.S. tariffs. Australian inflation rose […]
Singapore: STI Index (.STI) Investors still face risks of slower global growth Singapore and Malaysia shares rose Wednesday thanks to strong overnight rebound on Wall Street, helping to limit losses through a choppy October that saw most global equity benchmarks ending lower. Singapore stocks opened stronger on Wednesday, with the Straits Times Index up 0.8 […]
Australia: USD/AUD (AUD=X) could break down rather drastically I believe that the 0.70 level underneath is going to continue to be a crucial level to pay attention to. The large come around, psychologically significant figure giving way to selling pressure could open the door to the 0.68 handle, which is a longer-term level of importance […]
Singapore: STI Index (.STI) Stocks Slip Singapore stocks opened lower on Tuesday (Oct 30), with the Straits Times Index easing 0.4 per cent or 10.79 points to 2,970.75 as at 9.05am. Losers outnumbered gainers 85 to 43, as some 42.4 million shares worth $71.4 million in total changed hands. The most actively traded counter was […]
Hong Kong: HANG SENG INDEX (.HSI) US-China trade war back in the spotlight Overnight on Wall Street, stocks closed lower following a Bloomberg News report that said the United States is preparing new tariffs against all remaining Chinese imports if trade talks between Presidents Donald Trump and Xi Jinping fail to reconcile the ongoing trade […]
Japanese Yen: USD/JPY (JPY=X) strides higher USD/JPY has recovered from weakness at the end of last week, and moved above the post-March rising trendline once more. Further gains above ¥113.00, which acted as resistance in mid-October, would target ¥113.64 and then ¥114.50. Price action at the end of last week suggests that there is support around […]
Australia: S&P/ASX 200 (.AXJO) hint of a short-squeeze The Australian sharemarket more than reversed early losses as dividend hunters bought the major banks, with further impetus coming from easing US-China trade war jitters. The S&P-ASX 200 index opened 0.8 per cent down and spent the whole morning session in the red after the US S&P […]
Shanghai: SSE Composite Index (.SSEC) securities regulator pledges to enhance market liquidity Chinese shares rebounded on Tuesday after securities regulator pledged to enhance the market liquidity, but comments from US President Donald Trump that new tariffs on China are “waiting to go if we can’t make a deal” underscored market uncertainty over trade. The CSI300 […]
Singapore Dollar: USD/SGD (SGD=X) remains supported above 1.38 USD/SGD is currently trading around 1.3806 marks. It made intraday high at 1.3811 and low at 1.3798 levels. Intraday bias remains slightly bullish till the time pair holds key support at 1.3790 mark. A daily close above 1.3815 will test key resistances at 1.3838, 1.3872, 1.3905 and […]
Chinese Yuan: USD/CNY (CNY=X) central bank raised the yuan midpoint rate The dollar traded slightly higher on Monday and hovered near two-month highs on a stronger-than-expected third-quarter GDP report. The U.S. dollar index that tracks the greenback against a basket of other currencies was up 0.08% to 96.24 by 12:08 AM ET (04:08 GMT). The […]
Shanghai: SSE Composite Index (.SSEC) slide amid worries about U.S.-China trade relations Asian stock markets gave up an early lead on Monday, with Chinese stocks leading the declines, amid worries about U.S.-China trade relations and the health of the tech sector on Wall Street. Down from the start of trading, the Shanghai Composite SHCOMP, -2.18% […]
Japanese Yen: USD/JPY (JPY=X) BOJ decision next The Japanese yen has posted considerable losses in the Monday session, erasing Friday’s gains. In North American trade, USD/JPY is trading at 112.40, up 0.45% on the day. On the release front, Japanese retail sales posted a strong gain of 2.1%, matching the forecast. In the U.S, the […]
Australian Dollar: USD/AUD (AUD=X) focus will be on US employment data The AUD/USD is tested the important 0.7040 level late in the week, and price certainly rejected the lows. The major level at 0.7000 went untouched as price quickly pulled back into the range. The weakness in the USD was clearly the driver for the […]
More Tariffs in Store for China if President Trump’s Meeting with President Xi Fails in November $DIA, $SPY, $QQQ, $RUTX, $VXX The United States is preparing to announce tariffs on all remaining Chinese imports by early December if talks next month between presidents Donald Trump and Xi Jinping fail to ease the trade dispute. The […]
Singapore: STI Index (.STI) investors still positive on fundamentals Markets the world over faced heavy sell-offs last week but the question on investors’ minds had been whether a rebound was in sight. Going by how Asian equities resumed declines yesterday after gains in the early session, signs are that the mood dampening markets is likely […]
Hong Kong: HANG SENG INDEX (.HSI) To Continue Losing Streak The Hong Kong stock market has finished lower in four straight sessions, tumbling more than 1,425 points or 5.6 percent along the way. The Hang Seng Index now rests just beneath the 24,720-point plateau and it’s in one for further damage on Monday. The global […]
Australia: S&P/ASX 200 (.AXJO) expected to open in the red Unfortunately, on Tuesday the Australian share market is expected to open the day deep in the red. According to the latest SPI futures, the S&P/ASX 200 is poised to open 0.8% or 47 points lower. This follows a disappointing night of trade on Wall Street […]
There is a big question appearing in world’s mind what would be happened when two giant economies heading towards a war, and how it will affect all of us? Although it is not actually a war but matter of the fact is US and China are at the verge of a trade war. We have […]
An aircraft operated by the Indonesian low-cost airline Lion Air has crashed while on a domestic flight from Jakarta, the country’s rescue agency confirms. Flight JT610 is operated by a Boeing-737 Max 8, capable of seating up to 210 passengers. Flightradar24 says that the plane was fresh off the assembly line and was delivered to […]
Shanghai: SSE Composite Index (.SSEC) positive attitude toward the A-shares market China stocks slipped on Friday but posted a weekly gain, thanks to China’s recent supportive policies and measures that aim to bolster the stock market and the real economy. Industry analysts generally hold a positive attitude toward the A-shares market, believing that the incentives […]
Japanese Yen: USD/JPY (JPY=X) Stock sell-off, mixed data Global stock markets dropped sharply and set the tone for currencies as well. A mix of concerns about the Fed’s rate hikes, Trump’s tariffs, a slowdown in emerging markets, Brexit, and Italy’s stand-off with the EU all weighed. Towards the end of the week, unimpressive earning by […]