What Should Investors do with Twitter, Inc. (NYSE:TWTR) Stock? Unmatched earnings momentum, corporate tax cuts and fiscal stimulus underpin our positive view. We like momentum. We prefer quality over value amid steady global growth but rising uncertainty around the outlook. Financials and technology are our favored sectors. Nearly one fifth of the S&P 500 market […]
The NYSE Bitcoin Index (.NYXBT) back into the green today Bitcoin continued to edge higher on Tuesday, extending gains made on the previous day on news that asset-management giant BlackRock has set up a working group to look into cryptocurrencies and blockchain, the technology that underpins them. The market jumped into the green this morning after suffering a worried […]
Tesla, Inc. (NYSE:TSLA) Musk “can stick his submarine where it hurts Musk taught himself computer programming at the age of 12. He moved to Canada when he was 17 to attend Queen’s University. He transferred to the University of Pennsylvania two years later, where he received an economics degree from the Wharton School and a […]
Facebook, Inc. (NASDAQ:FB) Investing Heavily in Technology to Remove the Bad Stuff Before It’s Even Reported There are two ways to get bad content, like terrorist videos, hate speech, porn or violence off Facebook: take it down when someone flags it, or proactively find it using technology. Both are important. But advances in technology, including […]
Alphabet Inc. (NASDAQ:GOOG) Google Assistant is growing up One of the most important things we learn as children is how to communicate with each other. We start with “goo goos and gaa gaas,” then on to baby sign language, a few simple words like “momma,” and our conversations get more complex from there. For the […]
Bitcoin: USD/BTC (BTC=X) bullish momentum resting $6,630 Overall, the bias in prices is: Downwards. The projected upper bound is: 7,313.05. The projected lower bound is: 6,012.94. The projected closing price is: 6,663.00. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 6 white candles […]
United States Oil (USO) closing below a key short-term level Crude-oil prices early Monday were trading sharply lower, with the U.S. benchmark on track to drop beneath a key short-term level that could imply near-term momentum for the commodity is eroding. August West Texas Intermediate crude CLQ8, -0.15% was trading at $69.56 a barrel, off […]
UK FTSE All Share (.FTAS) IMF cuts UK growth forecasts The FTSE 100 closed 61.42 points down to 7,600.45, after opening flat, dragged lower by energy and mining companies after a slide in the price of oil and metals. BP and Royal Dutch Shell both fell by about 2 per cent after the price of Brent Crude […]
Canadian Dollar: USD/CAD (CAD=X) direction will be governed by broad U.S. dollar moves The Canadian dollar inched higher overnight. It may be a busy week, but the Canadian dollar’s direction will be governed by broad U.S. dollar moves, at least until the end of the week. On Friday, Canada Retail Sales and Consumer Price Index […]
Euro: USD/EUR (EUR=X) initial support for the pair aligns at 1.1675 The EUR/USD pair traded in a relatively tight 50-pip range on Monday as today’s macroeconomic data releases failed to receive a significant enough reaction from the market to shift the pair’s near-term neutral outlook. As we are approaching the end of the day, the EUR/USD pair […]
Shanghai: SSE Composite Index (.SSEC) stocks fall on soft economy data Chinese mainland stocks started the week on a soft note, after data showed the country’s economy expanded at a slower pace in the second quarter, while the heated trade war with the US threatened to knock exports. The blue-chip CSI300 index dropped 0.59 percent […]
British Pound: USD/GBP (GBP=X) mixed outlook The broader outlook for GBP/USD remains tilted to the downside especially as the Relative Strength Index (RSI) continues to track the bearish formation from earlier this year, but the exchange rate stands at risk of facing range-bound conditions as it snaps the series of lower highs & lows from […]
Japanese Yen: USD/JPY (JPY=X) difficult time setting its next short-term direction The USD/JPY pair is having a difficult time setting its next short-term direction on Monday amid a subdued trading action surrounding the FX markets. After advancing to mid-112 during the first half of the day, the USD/JPY pair lacked a follow-through as this move […]
Australian Dollar: USD/AUD (AUD=X) bulls hang in there while bears look for a test below 0.7400 ahead of RBA minutes Overall, the bias in prices is: Downwards. The projected upper bound is: 0.75. The projected lower bound is: 0.73. The projected closing price is: 0.74. Candlesticks A black body occurred (because prices closed lower than […]
Singapore Dollar: USD/SGD (SGD=X) Upside pressure from a weakened Singapore economy Asian currencies were a mixed bag at the start of the new week, with KRW (-0.50%) leading the losses given a bleak economic outlook and risks from the global trade war underscored by officials. INR (-0.21%) was down due to the surge in its […]
Singapore: STI Index (.STI) higher in back-to-back trading days The Singapore stock market has moved higher in back-to-back trading days, gathering more than 40 points or 1.2 percent along the way. The Straits Times Index now rests just above the 3,260-point plateau and it’s expected to open in the green again on Monday. The global […]
SILVER 1 OZ 999 NY (XAG=X) Slip Amid Steep Drop In Crude Oil Gold and silver prices were modestly lower in early-afternoon U.S. trading Monday. Both markets are hovering near their 12-month lows set last week. Scant risk aversion in the marketplace the past several weeks has most traders and investors avoiding the safe-haven metals. […]
GOLD 1 OZ (XAU=X) hovering near their 12-month lows Technically, the gold bears have the solid overall near-term technical advantage. A three-month-old downtrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at the July high of $1,266.90. Bears’ […]
Hong Kong: HANG SENG INDEX (.HSI) stocks decline as investors await China data Investors seek for clues from quarterly economic indicators of the initial economic impact from trade war and ongoing financial deleveraging In Hong Kong, the Hang Seng Index added 0.1 per cent, or 14.22 points, to 28,539.66. The Hang Seng China Enterprises Index, […]
Australia: S&P/ASX 200 (.AXJO) poised to open lower, oil plunges Australia stocks were lower after the close on Monday, as losses in the Gold, Healthcare and A-REITs sectors led shares lower. At the close in Sydney, the S&P/ASX 200 lost 0.45%. The best performers of the session on the S&P/ASX 200 were G8 Education Ltd […]
Tesla, Inc. (NASDAQ:TSLA) Production Hell Continue To Trickle Out Tesla Inc (NASDAQ:TSLA) originally planned to produce 200,000 Model 3 sedans by the end of 2017. When the year ended, it had only made 2,700 of them. Instead of producing a futuristic army of fast-working robots to assemble the electric cars, Tesla has relied heavily on […]
Life After Google (NASDAQ:GOOG) The hardest part of investing is knowing when to sell a stock. When you do buy one, always have an exit strategy—not for right away, this quarter, this year or even the next few years. But constantly question how soon the seeds of destruction will bloom at your company. I guarantee […]
Twitter, Inc. (NYSE:TWTR) could see more gains ahead Checking in on some valuation rankings, Twitter, Inc. (NYSE:TWTR) has a Value Composite score of 74. Developed by James O’Shaughnessy, the VC score uses five valuation ratios. These ratios are price to earnings, price to cash flow, EBITDA to EV, price to book value, and price to […]
NASDAQ Composite (.IXIC) extraordinary price action to the upside Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 8,009.25. The projected lower bound is: 7,671.71. The projected closing price is: 7,840.48. Candlesticks A black body occurred (because prices closed lower than they […]
The NYSE Bitcoin Index (.NYXBT) Market Rebounds With the boom in cryptocurrencies, millions of people are buying and selling virtual coins every day. Some of this activity occurs off-line, with people handing each other spending rights to the coins, but most of it happens through the online exchanges. These companies attract millions of dollars and […]
World’s Biggest Oil (USO) Traders are Counting Hefty Losses The world’s biggest oil traders are counting hefty losses after a surprise doubling in the price discount of U.S. light crude to benchmark Brent in just a month, as surging U.S production upends the market. Trading desks of oil major BP and merchants Vitol , Gunvor […]
Facebook, Inc. (NASDAQ:FB) Valuations Are Baffling You’re about to read about technology stocks, but don’t expect to see a mention of the “B” word (for “bubble”). Some smart analysts recently urged calm about the eye-popping stock market values of a handful of U.S. technology superstars, including Apple Inc. and Amazon.com Inc. The gist is that […]
Alibaba Group Holding Limited (NYSE:BABA) Target $200 Overall, the bias in prices is: Downwards. The projected upper bound is: 200.14. The projected lower bound is: 180.29. The projected closing price is: 190.21. Candlesticks A black body occurred (because prices closed lower than they opened). During the past 10 bars, there have been 2 white candles […]
Dow Jones Industrial Average (.DJI) Looking Good Heading Into Earnings Season The upside price moves recently in the US Equities markets have been dramatic. While many people believe the US Equity markets are overvalued and setting up for a top, we believe just the opposite – that the US Equity market and strong US Dollar […]
Australian Dollar: USD/AUD (AUD=X) Focus on RBA’s Meeting Minutes The Aussie found support in equities, settling against its American rival at 0.7423, as Wall Street closed the week with solid gains, offsetting the sour tone of base metals amid concerns related to the escalating trade war between the US and China. The pair, however, has […]
Singapore: Heffx Issues a Buy Rating on STI Index (.STI) Singapore has moved up two spots to place fifth in this year’s Global Innovation Index, while remaining top of the list among countries in South-east Asia, East Asia and Oceania. Singapore remained top of the class for government effectiveness, regulatory quality and foreign direct investment […]
Euro: USD/EUR (EUR=X) unlikely to rock markets The week ahead for the Euro promises to be fairly quiet as the main release is a revision of June CPI data which is unlikely to be markedly different from the initial estimate, and therefore unlikely to rock markets. The other major releases for the Euro is the […]
Shanghai: SSE Composite Index (.SSEC) China companies increase share buybacks A growing tidal wave of share buybacks, unrivaled in history, has hit the capital markets this year, while the latest escalation in a global trade storm sent China into bear market territory. A string of 84 listed companies at least, including blue chip companies and […]
Hong Kong: HANG SENG INDEX (.HSI) extending gains from the previous session Asian stocks closed higher on Friday session, extending gains from the previous session, following the overnight rebound on Wall Street as investors shifted focus to the upcoming corporate earnings season amid a lack of escalation in U.S. and China trade tensions. Moreover, Friday’s […]
Downside Pressure for Gold With precious metals unable to gain defensive support, downside risks are liable to prevail in the short term, with the potential for fresh 2018 lows unless there is a significant shift toward a more dovish policy stance by Fed Chair Powell. Gold edged higher early in the week, but there was resistance […]
UK FTSE All Share (.FTAS) recovers, driven by defensives, as trade nerves ebb British shares bounced back on Thursday, driven by financial and consumer stocks, as investor worries eased and another bid for pay-TV firm Sky boosted its stock. The FTSE 100 ended the session up 0.8 per cent at 7,651.33 points, almost recovering all […]
British Pound: USD/GBP (GBP=X) highly volatile time for the currency There is a considerable bundle of data and events in the week ahead for Sterling, which suggests it could be a highly volatile time for the currency. On the political front there will be votes on amendments to the Trade and Customs Bill, which help […]
Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares were unchanged at the close of Friday’s session. The S&P/ASX 200 index, close the session at 6,268.400. In the banking space, ANZ Banking, Westpac, National Australia Bank and Commonwealth Bank are lower in a range of 04 percent to 0.5 percent. While, the best performers […]
Canadian Dollar: USD/CAD (CAD=X) bulls making a fresh attempt to conquer 1.32 handle Momentum beyond the mentioned barrier is likely to get extended towards 1.3265 horizontal resistance before the pair eventually aims to reclaim the 1.3300 handle. On the flip side, mid-1.3100s now seems to have emerged as an immediate support, which if broken might […]
Singapore Dollar: It’s Time to Own USD/SGD (SGD=X) Yen, Swiss franc, Singapore dollar and the greenback top picks Emerging market FX seen struggling; Kiwi worst G10 performer If a U.S. or global recession is looming, it’s time to own the Swiss franc, Singapore dollar, U.S. dollar and Japanese yen — and ditch emerging market currencies, […]
Japanese Yen: USD/JPY (JPY=X) correcting lower, but still bullish The USD/JPY pair peaked at 112.79 at the end of the week, its highest since last January, before easing partially to end Friday at 112.32. Friday’s decline was moderated when compared to previous weekly gains, as the pair held firmly above the 112.00 figure. The positive […]
Silver Markets may see possible correction towards 16.46 The strong dollar looks likely to remain a significant headwind for gold this week, with bearish price action in the precious metal looking set to continue despite growing risk aversion. Metals traders will be looking ahead to Federal Reserve Chairman Jerome Powell’s testimony on the economy and […]
Facebook, Inc. (NASDAQ:FB) SEC probing Facebook on timing of data-leak disclosures The SEC is investigating whether Facebook (FB +1.8%) gave adequate warnings to its investors about data leaks like the one central to the Cambridge Analytica scandal, The Wall Street Journal reports. The probe is in its early stages, and the SEC is currently trying to […]
Global Regulations Should Help Alphabet (NASDAQ:GOOG) Stock Alphabet Inc (Nasdaq: GOOG, GOOGL) investors have kept a close eye on the global regulatory climate and its potential impact on Google’s advertising business. But analysts now say more regulation on data collection and usage will actually serve to help Google defend its dominant market share against smaller […]
United States Oil (USO) holds ground at a more than 2-week low Oil settled on a mixed note Thursday, with U.S. benchmark prices posting a slight decline but global benchmark prices rebounding from the three-week low they hit a day earlier. A monthly report from the International Energy Agency hinted at an coming slowdown in […]
Twitter, Inc. (NYSE:TWTR) breaking out, and we could see more gains ahead Goldman Sachs increases its price target on Twitter to $55 from $40 and says the company’s efforts to drive and monetize user engagement will help contribute to 25 percent upside. The company has reportedly purged more than 70 million accounts in May and […]
NASDAQ Composite (.IXIC) rises to all-time high as Amazon and Facebook hit records The tech-heavy Nasdaq rose 1.4 percent as Facebook and Amazon, both reached all-time highs. Microsoft and Alphabet also hit intraday records. The Dow and S&P 500 also rallied 224 points and 0.9 percent, respectively. Equities rebounded from a steep sell-off on Wednesday […]
Alibaba Group Holding Limited (NYSE:BABA) fallen 10% from its recent record high Alibaba Group Holding stock has fallen 10% from its recent record high as investors ditched it and shares of other Chinese companies amid an intensifying trade dispute. But options investors don’t seem to be fazed by the recent slump. Weighing the final impact […]
The Dow (.DJI) , Like the Economy, Is in a Really Good Place The Dow Jones Industrial Average jumped more than 200 points, while the Nasdaq closed at an all-time high. In today’s After the Bell, we… •…explain why the market climbed today; •…consider the possible impact if no more tariffs get imposed; •…and review the S&P 500’s […]
Bitcoin: The NYSE Bitcoin Index (.NYXBT) The dawn of crypto short-selling Until recently it wasn’t easy to bet against bitcoin—if you thought a cryptocurrency was overvalued your only option was to sell what you held. That all changed on December 10 when the Chicago Board Options Exchange (CBOE) opened the inaugural futures market for bitcoin, […]
Tesla, Inc. (NASDAQ:TSLA) The Financial Risk of an Unsafe Company The automaker has been taking an all-out approach to meeting its Model 3 production targets at the end of June. The company did in fact eclipse the 5,000-a-week mark during the last week of the month, but some are questioning Tesla’s practices to get there. […]
Hong Kong: HANG SENG INDEX (.HSI) stocks tumble in morning session Hong Kong shares ended the morning session with gains on Thursday, in line with a rally across Asia as investors picked up bargains following the previous day’s sharp, trade war-fuelled plunge. The Hang Seng Index climbed 0.71%, or 201.18 points, to 28 512.87. Overall, […]
SILVER 1 OZ 999 NY (XAG=X) See Corrective Rebounds September silver futures bears have the firm overall near-term technical advantage as prices hit a 12-month low overnight. Silver bulls’ next upside price breakout objective is closing prices above solid technical resistance at $16.565 an ounce. The next downside price breakout objective for the bears is […]
Australia: S&P/ASX 200 (.AXJO) Set to Open Higher Australian shares are set to open higher as a tech rally paced a rally on Wall Street. $A rebounds. All three US benchmarks were sharply higher in afternoon trade. Twenty five of the Dow’s 30 components were higher, paced by Microsoft, Cisco, Intel and Apple. Shares in Atlassian […]
Shanghai: SSE Composite Index (.SSEC) rebound from trade fears Global stock markets rose Thursday following Wall Street’s decline amid U.S.-Chinese trade tensions and oil prices recovered some of the previous day’s steep losses. In early trading, London’s FTSE 100 rose 0.4 percent to 7,625.79 and Germany’s DAX added 0.2 percent to 12,448.09. France’s CAC 40 […]
British Pound: USD/GBP (GBP=X) Benefits From Increasing Worries Over Impact of US-China Trade War If the US trade deficit is found to have widened on the month, this could see USD exchange rates extending their downtrend tonight. Once it becomes clear how China will retaliate to the latest proposed US tariffs worries over the outlook […]
UK FTSE All Share (.FTAS) gains as firms respond to Brexit white paper and Trump arrives in UK The FTSE 100 closed up 59.37 points at 7651.33 and the pound was at $1.32 against the dollar. The Government has finally published its Brexit white paper, prompting one company boss to say the blueprint could ‘accelerate’ […]
GOLD 1 OZ (XAU=X) Firmer As Bulls Work To Stabilize Market Gold prices are modestly up in early U.S. dealings Thursday. Some short covering in the futures market is featured, following recent selling pressure. Still, buying interest remains squelched by a rally in world stock markets and by a rebounding U.S. dollar index late this […]
Singapore: STI Index (.STI) Target 3350.00 THE storm of uncertainties, ranging from US-China trade tariffs to the recent tumbles in the local equity market, have made it more difficult to predict the outlook for local equities, but analysts are mixed on what the second half could bring. At the start of the year, many were […]
Australian Dollar: USD/AUD (AUD=X) risks a visit of 0.7300 The Aussie Dollar could slip back to the 0.7300 handle in the next weeks. Key Quotes 24-hour view: “While we expected a lower AUD yesterday, the rapid decline that took out the strong 0.7380 support was not exactly anticipated. The pressure is still clearly on the downside but […]
Singapore Dollar: USD/SGD (SGD=X) Highlights Asian currencies are seeing some weaknesses on Wednesday, led by CNH (-0.36%), KRW (-0.33%), CNY (-0.33%), THB (-0.29%), TWD (-0.22%), IDR (-0.15%), SGD (-0.13%), MYR (-0.12%), PHP (-0.08%). Markets started getting concerned about trade once again, as China is said to plan countermeasures to US’s proposed 2nd round tariffs. INR […]
Euro: USD/EUR (EUR=X) Exchange Rate Losses Today The Euro (EUR) has made a small decline against the US Dollar (USD) today, in the wake of data confirming that German inflation rates slowed during June. The finalised figures have shown that base annual inflation slowed from 2.2% to 2.1%, while the monthly inflation rate fell further […]
Japanese Yen: USD/JPY (JPY=X) stays close to daily highs around 112.50 The pair trades in fresh 6-month tops around 112.50/60. The greenback remains bid although failed near 95.00. US 10-year yields stay sidelined around 2.86%/2.875. The selling pressure around the Japanese yen remains well and sound so far this week and has now lifted USD/JPY […]
The NYSE Bitcoin Index (.NYXBT) Advantages to a Cryptocurrency Market Pullback? In spite of predictions that the cryptocurrency market is nothing more than a bubble waiting to burst, for the time being the space has refused to crash completely. Indeed, although the total market cap of the digital currency space is only a fraction of […]
Bitcoin Overwhelmingly Bearish Bitcoin price declined further and broke a key support at USD 6,300 against the US Dollar. There was a break below a contracting triangle with support at $6,310 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is currently under pressure and it remains at a risk […]
Alibaba Group Holding Limited (NYSE:BABA) Seen Rising 45% After Pullback It’s that time of the year again. Earnings season is just about to move into full swing, and some big tech names will report in just a few weeks. One company that attract lots of investor attention when it reports earnings is Chinese e-commerce giant […]
Facebook, Inc. (NASDAQ:FB) new all-time highs look like just the beginning Facebook, Inc. (NASDAQ:FB) has quieted its doubters — at least for now. Facebook stock reached another all-time closing high on Monday, finishing just south of $205. The stock now has gained 15% so far this year — an improvement that seemed unlikely just a […]
Apple Inc. (NASDAQ:AAPL) Stock Can Hit $400 It seems like only yesterday that Apple (NASDAQ:AAPL) was trading around $130 and I was writing about how AAPL stock could hit $200. Well, trading within 6% of $200, I’ve decided to up the ante. Unlike $200, which has been a surprisingly tricky hurdle, hitting $400 within the […]
Tesla, Inc. (NASDAQ:TSLA) Has Too Many Variables Tesla’s recent production goal success feels a little too late considering the mounting competition. With a weak financial position relative to many rivals, I fear that Tesla doesn’t have what’s needed to really compete. Because of this, I see the need for capital raises/stock dilution in order to […]
Alphabet Inc. (NASDAQ:GOOG) Target $1200 Overall, the bias in prices is: Upwards. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 1,197.57. The projected lower bound is: 1,115.69. The projected closing price is: 1,156.63. Candlesticks A white body occurred (because prices closed higher than they opened). During the past […]
Twitter, Inc. (NYSE:TWTR) drop nearly 30% because expectations are too high Twitter shares are down 2 percent Wednesday. The company’s shares are up 82.2 percent so far this year through Tuesday versus the S&P 500’s 4.5 percent gain. On Friday after the market close the Washington Post reported Twitter was ramping up its efforts in […]
United States Oil (USO) prices lose 5%, drop back toward $70 a barrel U.S. oil prices dropped back toward $70 a barrel on Wednesday, losing 5% to finish at their lowest in over two weeks. The Energy Information Administration reported that U.S. crude supplies sank 12.6 million barrels last week. The news, however, failed to […]
Dow Jones Industrial Average (.DJI) Drops 207 Points as Caterpillar, Chevron Slide The Dow Jones Industrial Average has slumped 207.16 points, or 0.8% to 224,712.50, with Boeing (BA), Caterpillar (CAT), Chevron (CVX) and 3M (MMM) accounting for more than half the drop. Boeing and Caterpillar, in particular, are considered to be heavily exposed to the […]
Shanghai: China Shares Drop, Yuan Falls on New USA Tariff China’s stocks slumped Wednesday after three days of gains and the yuan weakened as the United States threatened more import duties on Chinese goods, sharply escalating the trade conflict between the world’s two biggest economies. China’s commerce ministry said it was “shocked” by Washington’s latest […]
Euro: USD/EUR (EUR=X) Has Strong Support but Lacks Upside Momentum The euro found strong support in the 11500s and has since seen a bit of a rebound, but momentum and the broader trend aren’t bringing to the table with it much conviction. On the top-side there are the 11800s to contend with (11790 touched on […]
Gold Prices Carve Fresh Bearish Sequence After Posting July-High Gold fell initially to open the day on Tuesday, reaching down to the psychologically important $1250 level. That’s an area that has been important more than once, and of course has a certain amount of psychological importance to it. If we can break above the $1260 […]
Hong Kong: HANG SENG INDEX (.HSI) Possible Correction Towards 29,833.54 Asian share markets fell. In China, the Shanghai Stock Exchange Composite fell 1.22% while Hong Kong’s Hang Seng dropped 1.24%. Elsewhere, Japan’s Nikkei 225 declined 1.6%. DBS Group Research wrote in a note today that “the tariff news was “ill-timed for investors hoping for a […]
Japanese Yen: USD/JPY (JPY=X) Stopped-out of USD/JPY short USD/JPY is right at the tip of a tightening ascending wedge, implicating it is very near making a sizable breakout. Standing right at the end of the pattern is a well-defined (clean connecting points) trend-line extending down from 2015. The pattern implies a breakout to the upside […]
Silver Hit Hard By Sell-Off in Raw Commodity Sector Silver prices are solidly lower and near their daily lows in early-afternoon U.S. trading Wednesday. The precious metals sold off in sympathy with a slumping raw commodity sector today, after the U.S. hit China with another volley of trade sanctions. A higher U.S. dollar index today […]
British Pound: USD/GBP (GBP=X) In Focus Ahead of Keynote Speech by Carney In today’s session, BoE Governor Mark Carney will be speaking which could spark some GBP movement. Meanwhile, investors will be looking to tomorrow’s US Consumer Price Index (CPI) release to see how inflation is faring across the pond. The final German inflation numbers […]
Australian Dollar: USD/AUD (AUD=X) will Resist Further Downside Pressure Forecasts from analysts at the world’s largest FX dealer, Citibank, suggest the Aussie is likely to resist further downside pressure during the months ahead. The findings are published here as the Australian Dollar suffers a bout of selling owing to another salvo in the global trade […]
Australia: S&P/ASX 200 (.AXJO) Futures Slip The Australian sharemarket has fallen for a second day in a row, as index heavyweights traded lower amid escalating trade tensions between the US and China. The S&P/ASX 200 index fell 42.5 points, or 0.7 per cent, to 6215.6 as the sharemarket experienced its biggest intraday fall since mid-May. […]
Singapore: STI Index (.STI) now the most innovative country outside of Europe Singapore has moved up two notches to be the fifth most innovative country amongst 126 nations in the Global Innovation Index (GII) 2018 report. Retaining its top spot as the most innovative country in Asia, the Republic is ranked just behind European innovation […]
Dow Jones Industrial Average (.DJI) Industrials Get Their Groove Back US stocks rallied yesterday, with the recent underdog, which had been pummeled by trade war jitters, the Dow Jones Industrial Average, outperforming other major benchmarks. Since the multinational mega caps listed on the Dow rely heavily on exports for continued growth, it’s a sign investors […]
Is It Too Late To Buy Facebook, Inc. (NASDAQ:FB) Facebook stock has completely recovered from the Cambridge Analytica scandal, and it’s currently trading at fresh historical highs. In this context, investors may be wondering if it’s too late to buy. Analyzing stocks based on objective and quantified data is far better than making investing decisions […]
Can Alibaba Group Holding Limited (NYSE:BABA) Stock Still Rally? Alibaba Holding Group (NYSE:BABA) hasn’t had the best few weeks. After BABA stock hit a high just over $210 in mid-June, shares quickly cascaded lower, falling to almost $180 by July. I think there are several factors at play here. The first, several economic data points […]
NASDAQ Composite (.IXIC) Can Large Cap Banks Join The Recovery? NASDAQ Composite +0.13% Dow+0.60% S&P 500 +0.32% Russell 2000+0.12% NASDAQ Advancers: 1488 Decliners:936 Today’s Volume (First Hour) +200.2% The major indices opened higher for a fourth session with the Russell 2000 in record territory, but the gains seem less robust than in recent days. Although today’s market volume today looks to be back […]
Alphabet Inc. (NASDAQ:GOOG) Set to Rally 20% Alphabet Inc. (Nasdaq:GOOG), the tech giant formerly known as Google, is set to rally in the last half of the year. The stock has formed one of my favorite chart patterns – an ascending triangle. But the big reason is because the ascending triangle pattern gives specific price […]
Tesla, Inc. (NASDAQ:TSLA) rises as carmaker plans massive China factory Telsa is planning to build a large new plant in China, the company confirmed on Tuesday. Bloomberg first reported on Tesla’s plan to build a factory that will have a capacity to make 500,000 vehicles per year. Telsa is planning to build a large new […]
The NYSE Bitcoin Index (.NYXBT) Bitcoin is the best bet for cryptocurrency Bitcoin, the largest cryptocurrency by market cap, has been just one of many digital coins in the crypto universe that has been under increased scrutiny in recent months as regulators try to determine how cryptocurrency should be used. But the fact that bitcoin […]
Twitter, Inc. (NYSE:TWTR) Takes A Hit Following Suspension Of 70 Million Accounts Twitter just had its worst day in more than three months on worries over rampant fake accounts. To investors worried the sky is falling, one chart watcher says these kinds of moves are nothing to sweat. This is obviously a substantial decline. … […]
Apple Inc. (NASDAQ:AAPL) Betting Big on This Year’s iPhones Ahead of the current Apple (NASDAQ:AAPL) iPhone product cycle, many investors and analysts were expecting the introduction of the iPhone X — the first redesigned iPhone in years — to drive substantial iPhone upgrade activity, fueling significant iPhone unit shipment growth. However, that growth didn’t materialize. […]
A Storm Is Brewing For U.S. Oil (USO) Exports Two geopolitical developments in recent weeks—U.S. sanctions on Iran and the escalating U.S.-Chinese trade war—are set to reshuffle the U.S. oil flows to the world’s fastest-growing oil market, Asia. On the one hand, the United States is pressing Iran’s oil customers to cut their Iranian crude […]
UK FTSE All Share (.FTAS) manages modest rise after strong UK economic data Following a whirlwind start to the week with resignations from pro-Brexit politicians David Davis and Boris Johnson, the FTSE 100 nudged 0.2% higher to 7,701 amid robust economic data. The UK economy grew 0.3% in the quarter to May according to the […]
Shanghai: SSE Composite Index (.SSEC) higher at close of trade; Shanghai Composite up 0.44% China stocks were higher after the close on Tuesday, as gains in the Travel & Leisure, Telecoms and Mobile sectors led shares higher. At the close in Shanghai, the Shanghai Composite added 0.44%, while the SZSE Component index added 0.49%. The […]
Canadian Dollar: USD/CAD (CAD=X) target 1.3500 With markets priced for a July BoC hike and the CAD having enjoyed a rally recently, we think much of the good news is in the price setting up for a “buy the rumour/sell the fact” outcome. We think CAD is one of the most poorly situated currencies in […]
Singapore: STI Index (.STI) up 1.4% on Tuesday SINGAPORE shares closed higher on Tuesday, with the Straits Times Index (STI) up 1.4 per cent or 46.01 points to 3,274.83. About 2.4 billion shares worth S$1.45 billion in total changed hands as gainers outnumbered losers 271 to 131. The most actively traded stock was Ezion, which finished […]
Chinese Yuan (CNY=X) Poised For Further Fall As Reserves Rise The value of the Chinese Yuan has come under pressure amid rising fears of a trade war. Recent data has noted that FX reserves have increased in China, which is possibly driving speculation that the Yuan could be set for a deeper fall. FX analysts […]
Silver Prices Down Amid Scant Risk Aversion Silver prices are moderately lower in early U.S. trading Tuesday. The safe-haven metals are suffering from a perceived lack of geopolitical risks in the marketplace at present. A higher U.S. dollar index today is also a negative for the precious metals markets. August gold futures were last down […]
Australia: S&P/ASX 200 (.AXJO) falls on financials The Australian sharemarket posted a modest decline on Tuesday despite an overnight advance in base metals prices helping lift the shares of heavyweight miners. The S&P/ASX 200 index fell 27.9 points, or 0.4 per cent, to 6258.1, falling on losses made by the big financial stocks. Macquarie announced […]