Hong Kong: HANG SENG INDEX (.HSI) stocks rise to 1-month high as govt housing measures boost property shares Hong Kong stocks rose to a one-month high on Wednesday, led by property shares, after the city’s leader announced measures aimed at easing a housing shortage and calming anti-government protests. However, the gain was capped by lingering […]
New Zealand Dollar: NZD/USD (NZD=X) may reverse gains after rosy NZ CPI data The New Zealand Dollar rose in morning Wednesday trade after a round of rosy local inflation data crossed the wires. In the third quarter, New Zealand CPI clocked in at 1.5 percent y/y versus 1.4% expected, though down from 1.7 in Q2. […]
Canadian Dollar: USD/CAD (CAD=X) CPI Beats Forecast Canadian CPI moved closer to the Bank of Canada target of 2.0%. On an annualized basis, CPI showed a 1.9% gain, above the forecast of 1.7%. Trimmed CPI, which excludes the most volatile items which are covered in CPI, remained steady at 2.1%, on an annualized basis. Technical Analysis […]
DAX PERFORMANCE-INDEX (.GDAXI) at Yearly Highs On Brexit Deal Hopes DAX Index continues higher for sixth consecutive trading session making fresh yearly highs as positive headlines crossing the wires, suggesting that a Brexit deal is possible. EU Negotiator, Michel Barnier, told EU commissioners that he is optimistic about getting a Brexit deal with the UK by the […]
British Pound: USD/GBP (GBP=X) continues to remain firmly bid as investors are seeing a good chance of a Brexit deal EU’s chief negotiator Michael Barnier wanted a legal text of a potential deal delivered by Tuesday but after negotiating until 1:30 AM yesterday, an agreement could not be made. Talks resume today, taking it right […]
Australia: S&P/ASX 200 (.AXJO) bullish as big banks all made strong gains The S&P/ASX 200 enjoyed a bullish session that saw the index gain 84.5 points to rise 1.3 per cent to a two-week high of 6736.5. Volumes were high at 609 million and the session ended with just 29 companies in the red. The most points […]
Gold 1 OZ (XAU=X) jumped into positive territory as U.S. consumers spent less than expected last month U.S. retail sales fell 0.3% in September following August’s revised rise of 0.6%, according to the latest data from the U.S. Commerce Department, released Wednesday; the data missed expectations as economists were forecasting an increase of 0.3%. Meanwhile, […]
UK FTSE 100 (.FTSE) closes in red as Brexit talks continue FTSE 100 index closed in the red Wednesday as the strengthening pound hit the British blue-chip benchmark and its dollar earning members, while the Brexit clock continues to tick down. Footsie closed down 43.7 points at 7,167. Its midcap cousin and more UK focused […]
Brexit Talks Stand to Drive Volatility to Euro: USD/EUR (EUR=X) Price action in the FX markets on Tuesday provided a glimpse of which currencies are likely to see a reaction based on how things progress with reaching a Brexit deal. Since last week, the British pound has been firmly bid and was last seen trading […]
Singapore: STI Index (.STI) and Asia shares cheered by Brexit deal hopes The pound surged overnight and Asias shares rose on Wednesday (Oct 16) as investors looked to whether Britain can secure a deal to avoid a disorderly exit from the European Union. Officials and diplomats involved in negotiations over the acrimonious divorce between the […]
Japanese Yen: USD/JPY (JPY=X) currently correcting gains The US Dollar started a fresh increase from the 107.75 swing low against the Japanese Yen. The USD/JPY pair broke the key 108.00 resistance area to move into a positive zone. Moreover, there was a close above the 108.40 resistance and the 50 hourly simple moving average. The […]
Silver 1 OZ 999 NY (XAG=X) under pressure As expected, gold and silver are under pressure once again. We have been writing for weeks that the metals appear to be headed lower. The trends in both gold and silver are lower, which brings lower levels into play. The next targets for the metals are $1460 […]
Australian Dollar: USD/AUD (AUD=X) looking at the 0.6750 level as fair value The Australian dollar initially tried to rally during the trading session on Tuesday as the market continues to see a lot of resistance above. Ultimately, the 50 day EMA causes quite a bit of technical damage, and at this point the fact that […]
Alphabet Inc. (NASDAQ:GOOG) Stock Rises On Pixel 4 Debut Google stock advanced on Tuesday amid the unveiling of the Pixel 4 smartphone, which takes on the new Apple iPhone 11 and Samsung devices. Alphabet‘s (GOOGL) Google priced the Pixel 4 starting at $799, above the $699 starting price of the basic Apple (AAPL) iPhone 11. The Pixel 4 […]
United States Oil (USO) fell following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a […]
Dow Jones Industrial Average (.DJI) closes at 3-week high as investors cheer start to earnings season U.S. stocks finished at more-than-three-week highs Tuesday, as investors cheered a raft of largely upbeat corporate earnings reports, while considering the implications of a partial U.S.-China trade deal announced last Friday and the possibility of a breakthrough in Brexit […]
Tesla, Inc. (NASDAQ:TSLA) is slated to launch a pick-up truck and its Model Y crossover Tesla (NASDAQ:TSLA) stock made a near-term low of $179 in the beginning of June. After a relatively sharp rebound, TSLA has been in consolidation mode. I believe that TSLA stock will consolidate in the range of $220-$250 before surging higher. TSLA […]
Bitcoin: USD/BTC (BTC=X) recovers from a brief dip to $8,100 The battle to set the next Bitcoin trend is being waged between the $8,100 to $8,300 price point. During the last three weeks, Bitcoin has tried to move over or under that zone only to be brought back into place by that “invisible hand” of […]
Ethereum: USD/ETH (ETH=) Primed for Parabolic Rally After Pullback Following Disbelief Phase At the start of the year, the entire crypto market appeared to be rebounding out of the crypto winter it had long been trapped in and started showing signs of a bullish uptrend forming once again. But starting in April, Bitcoin and altcoins […]
Twitter, Inc. (NYSE:TWTR) stock has rallied partly because Twitter has become a normal part of daily life In some ways Twitter (NYSE:TWTR) stock looks very cheap. It has a price-to-earnings ratio of just 13, well below the market average. Over the last year, its earnings per share came in at $3.03. It has delivered $1.466 billion of […]
Facebook, Inc. (NASDAQ:FB) earnings slips underscore other problems dogging Big Tech Facebook and Micron’s earnings slips underscore other problems dogging Big Tech. Facebook absorbed a $5 billion fine in the first half of the year related to a Federal Trade Commission settlement, with the charge split between the first quarter and the second. Though that […]
Alibaba Group Holding Limited (NYSE:BABA) Group thwarts 300 million hack attempts per day Chinese technology giant Alibaba Group is the target of some 300 million attempted cyber attacks per day, according to the company’s founder and former executive chairman, Jack Ma. Ma said he was “proud” that despite the tirade of subterfuge, Alipay — the […]
Amazon.com, Inc. (NASDAQ:AMZN) CEO Jeff Bezos could break up his own company before regulators do Amazon CEO Jeff Bezos could break up his own company before regulators do so themselves, Atlantic writer Franklin Foer predicts. Foer, who wrote the Atlantic’s November cover story entitled “Jeff Bezos’s Master Plan,” said in an interview Tuesday on CNBC’s […]
NASDAQ Composite (.IXIC) Rise as Earnings Season Begins Stocks whimpered into the close Monday with only 4.8 billion shares changing hands. To put that into perspective, that is the lightest full day of trading on the consolidated tape in 2019 and over 31% lower than the yearly average. The only slower day was July 3rd, […]
UK FTSE 100 (.FTSE) shares stumble as Brexit optimism fades A turbulent day on London’s markets meant that FTSE-listed stocks and sterling took a hit yesterday after optimism about a Brexit deal had buoyed traders at the end of last week. Companies exposed to the UK’s domestic economy were particularly affected as last week’s euphoria […]
Hong Kong: HANG SENG INDEX (.HSI) optimism is fading Optimism is fading over last week’s tentative trade truce between the United States and China. Asian stocks were mixed Tuesday. Hong Kong’s Hang Seng Index (HSI) was flat. China’s Shanghai Composite Index (SHCOMP) dropped 0.5%. Both ended higher Monday. South Korea’s Kospi (KOSPI) also opened slightly […]
Australian Dollar: USD/AUD (AUD=X) Sellers may come back Last week, US Dollar softened slightly against Australian and New Zealand Dollars. On Friday, AUD/USD closed in the green with a 0.3% gain. Meanwhile, NZD/USD closed with nearly 0.4% gain. However, since Monday sellers resumed pressing the price to the downside, hinting to a possible continuation of bearish price action. The relative […]
Silver 1 OZ 999 NY (XAG=X) likely that sideways action will continue Silver markets went back and forth during the trading session on Tuesday as we simply don’t look like we have anywhere to be right now. That being the case, it’s very likely that sideways action will continue to be a major influence in […]
New Zealand Dollar: NZD/USD (NZD=X) Eyes CPI The Kiwi is on the defensive ahead of the key NZ inflation report. Headline CPI is seen dropping to 1.4% from 1.7%, however, a reading of 1.4% would still be ahead of the RBNZ’s forecast of 1.3%. Technical Indicators Overall, the bias in prices is: Downwards. The projected […]
British Pound: USD/GBP (GBP=X) breakout eyeing initial uptrend resistance Sterling has surged more than 5.4% off the yearly lows with last week’s advance marking the largest weekly rally since late-January and the largest weekly-range since the post-Brexit October 2016 low. While the broader outlook remains constructive, the immediate advance may be vulnerable as price approach near-term […]
DAX PERFORMANCE-INDEX (.GDAXI) drives higher yet again despite yesterday’s pullback The DAX continues to outperform despite questions over the validity of the claims of a US-China trade deal, with the index driving higher to negate the retracement seen yesterday. This points towards further upside to come, with the index hitting a two-month high in early trade today. […]
Japanese Yen: USD/JPY (JPY=X) showing signs of resiliency by turning around The US dollar pulled back a bit during the trading session on Tuesday, showing signs of resiliency by turning around as we approached the crucial 200 day EMA. At this point, it’s very likely that the market is going to try to break above that level, […]
Bitcoin: USD/BTC (BTC=X) may lack clear directional bias for the next few weeks Bitcoin created a big bearish engulfing candle on Oct. 11, torpedoing the recovery rally and shifting risk in favor of a drop to lows below $7,800. With the cryptocurrency trading well below $8,820 (Oct. 11 high), the bearish candle is still valid. […]
Shanghai: SSE Composite Index (.SSEC) stocks snap 5-day rally on downbeat data China stocks fell on Tuesday, snapping a five-day winning streak, as the latest factory gate data added to the country’s economic woes and a deal to end the trade war with the United States remained elusive. The blue-chip CSI300 index .CSI300 fell 0.4%, to 3,936.25, […]
Singapore: STI Index (.STI) slightly higher despite US stocks finishing lower overnight ahead of a wave of key earnings reports Singapore shares edged slightly higher on Tuesday, with the Straits Times Index gaining 0.1 per cent, or 4.19 points to 3,128.64 as at 9.02am. This came despite US stocks finishing lower overnight ahead of a […]
Australia: S&P/ASX 200 (.AXJO) higher despite stocks of media companies and retailers taking a hit The Australian share market has finished a touch higher despite stocks of media companies and retailers taking a hit amid reports their businesses are suffering. The benchmark S&P/ASX200 index finished Tuesday up 9.4 points, or 0.14 per cent, to 6,652 […]
Canadian Dollar: USD/CAD (CAD=X) tipped as a sell at UBS as losses seen into year-end The Canadian Dollar held its own in a market that was inhospitable to commodity currencies Tuesday but is likely to beat a lengthy retreat into year-end, according to strategists at UBS, who’ve told clients of the bank that selling the Loonie […]
Euro: USD/EUR (EUR=X) Rally Stalls Last week EUR/USD rallied above an important technical resistance confluence that I’ve talked about in my last few daily forecasts. At this point, it will be important to asses whether the breakout is real, or just a trap for buyers. One important aspect is assessing technical developments is the longer-term trend. For […]
Gold 1 OZ (XAU=X) back under pressure below $1,500 Gold prices are back under pressure below $1,500 an ounce, weighed down by growing positive investors sentiment that is boosting equity markets; however, one international bank sees prices holding steady through next year. In a recent report, analysts at Credit Suisse said that global economic uncertainty […]
NASDAQ Composite (.IXIC) breakeven amid waning optimism over Friday’s partial trade deal between Beijing and Washington tocks finished a relatively quiet session lower today, after trading on both sides of breakeven amid waning optimism over Friday’s partial trade deal between Beijing and Washington. Reports emerged that China wishes to continue trade talks before finalizing the “phase one” […]
United States Oil (USO) fell as a lack of details about the first phase of a trade deal between the United States and China undercut optimism Oil prices fell sharply on Monday as a lack of details about the first phase of a trade deal between the United States and China undercut optimism over a […]
Ethereum: USD/ETH (ETH=) Consolidates Below the 50-Day MA Ethereum ETH trades higher midday adding 1.16% at $183.28 keeping the short term neutral momentum which started three sessions ago. Ethereum stalled at the 50-day moving average since the rebound from the September 26th low at $153. Bears are still in control of the number two cryptocurrency after […]
Alibaba Group Holding Limited (NYSE:BABA) looks significantly undervalued at current levels Let’s be fair to Alibaba (NYSE:BABA). Shares o the Chinese eCommerce giant giant are up about 26.20% year-to-date and that’s nothing to scoff at. That puts Alibaba stock ahead of U.S.-based rival Amazon by nearly 1,100 basis points. With Trade Tensions Thawing, Alibaba Stock […]
The Boeing Company (NYSE:BA) CEO, removed as chairman, nears last chance on 737 Max The clock is ticking ever more loudly for Boeing Co. Chief Executive Dennis Muilenburg as the grounding of the 737 Max hits the seven-month mark. The board removed him as chairman Friday after the close of the workweek, saying the change […]
Bitcoin: USD/BTC (BTC=X) recovers to $8,300 The majority of the top-20 cryptocurrencies by market cap are holding steady today after an up and down weekend, and the market leader is no exception. Bitcoin dropped by about $100, or roughly 2 percent, earlier today, but has recovered to just above the $8,300 mark. Nevertheless, it marks an […]
Tesla, Inc. (NASDAQ:TSLA) stock’s movements come amid unconfirmed local reports from China pointing to the possibility of Gigafactory 3 starting production activities Tesla shares (NASDAQ:TSLA) are up over 3% on Monday’s intraday, exhibiting some strength on what is a rather quiet day for news surrounding the company. TSLA stock’s movements come amid unconfirmed local reports […]
Apple Inc. (NASDAQ:AAPL) seeing higher iPhone demand than it expected Apple Inc. is seeing higher iPhone demand than it expected, thanks to two forces consumers find hard to resist: falling prices and the inevitable aging of older models. Since missing holiday sales targets last year, the company has cut some prices and offered more attractive […]
Netflix, Inc. (NASDAQ:NFLX) set to report third-quarter earnings on Wednesday Netflix (NFLX) is set to report third-quarter earnings on Wednesday, in what will be its final report just before rivals Apple (AAPL) and Disney (DIS) launch their streaming platforms. And judging by the performance of its stock, investors seem to be voting with their feet. […]
Amazon.com, Inc. (NASDAQ:AMZN) revenue growth will remain robust Amazon (NASDAQ:AMZN) stock has been trading sideways for the past year. I strongly believe that AMZN stock is in a consolidation zone ahead of its next rally. I am examining the long-term outlook of AMZN stock, and my upbeat view is supported by the company’s growth potential. […]
Dow Jones Industrial Average (.DJI) Stocks Waver Despite ‘Substantial’ China Trade Deal Key indexes hovered near the flat line in the stock market today amid continued uncertainty over a “phase one” trade deal with China. Nike gave the Dow Jones Industrial Average a boost. The Dow Jones Industrial Average was slightly lower and the Nasdaq […]
Facebook, Inc. (NASDAQ:FB) planned libra cryptocurrency is seeing more defections Facebook – Facebook’s planned libra cryptocurrency is seeing more defections, with Visa and MasterCard pullout out of their planned participation. PayPal, eBay, and Stripe previously announced they would no longer participate in Libra. Technical Indicators Overall, the bias in prices is: Sideways. By the way, […]
Tango (2f No Nay Never – Idle Chatter, by Galileo) joined an ever-growing list of Stakes horses by No Nay Never when taking Sunday’s Listed Legacy Stakes at the Curragh. A maiden winner in June, the Aidan O’Brien-trained filly was last seen finishing second to Millisle (Starspangledbanner) in the Group 1 Cheveley Park Stakes. As a result, she […]
It’s the old guard vs the new in the QIPCO Champions Sprint on Saturday The past three winners of the QIPCO British Champions Sprint Stakes are set to clash on Saturday. Sands Of Mali (2018), Librisa Breeze (2017) and The Tin Man (2016) have each won the Group 1 showpiece and five more winners at the highest level – Advertise, Brando, Hello Youmzain, Mabs Cross and One Master – […]
Racing’s powerhouse yards have strong entries for the QIPCO Fillies & Mares Stakes John Gosden and Aidan O’Brien have dominated the past three renewals of the QIPCO British Champions Fillies & Mares Stakes and the pair again look to hold the aces. Gosden has three contenders to shuffle in Anapurna, Sparkle Roll and Star Catcher. The bookmakers make Star Catcher the ante-post favourite and in her past […]
The two-time Million Pound Stayer will look to defend his Champions Day crown Super stayer Stradivarius heads 14 entries left in the QIPCO British Champions Long Distance Cup. The John Gosden-trained five-year-old scooped last year’s renewal and has not lost since finishing a close third to Order Of St George in the 2017 running. He has subsequently won […]
Godolphin runner set to contest the £1.1m prize over a mile Saeed Bin Suroor has no doubt that his globetrotting star Benbatl will be ideally served by the demands of the QIPCO-sponsored Queen Elizabeth II Stakes. Bin Suroor also had the option of running Benbatl in the QIPCO Champion Stakes over two furlongs further but the trainer, who won […]
John Gosden’s filly sired by superstar who was victorious on Champions Day in 2011 and 2012 The final contest of this year’s 35-race QIPCO British Champions Series is the £1.3 million QIPCO Champion Stakes, the most valuable mile and a quarter race staged in Europe. Frankel won the 2012 renewal on the final start of his dazzling […]
Australian Dollar: USD/AUD (AUD=X) Pulls Back To Fair Value The Australian dollar has pulled back to fair value during the trading session on Monday as we continue to see a lot of noise when it comes to the US/China trade talks, essentially going nowhere as expected. Unfortunate for Australia, the Australian dollar is highly sensitive […]
British Pound: USD/GBP (GBP=X) traders focus on the Brexit The British pound fell during most of the trading session on Monday as traders ponder the idea of breaking above the 200 day EMA. Regardless of what you believe about the Brexit situation, it’s relatively obvious that the market has got ahead of itself in the last couple […]
New Zealand Dollar: NZD/USD (NZD=X) seem to be tracing out a bullish Head and Shoulders The New Zealand Dollar may be carving out a bottom against its US counterpart. Prices seem to be tracing out a bullish Head and Shoulders (H&S) reversal pattern having tested four-year support in the 0.6197-0.6268 area. Positive RSI divergence points to ebbing […]
Bitcoin: USD/BTC (BTC=X) Faces Drop Below $8,000 Bitcoin appears likely to drop below $8,000, despite having scaled a widely tracked technical resistance level. The top cryptocurrency by market value is trading above the 20-day moving average for the first time since mid-September. The MA line was crossed multiple times over the weekend, but on each […]
Australia: S&P/ASX 200 (.AXJO) gains on truce in US-China trade war The Australian share market has closed higher for a third day, playing catch-up after the US and China struck a truce on tariffs after Friday’s close. The benchmark S&P/ASX200 index rallied hard at the open but then gave up half of its gains later […]
Canadian Dollar: USD/CAD (CAD=X) likely to stay in a consolidation phase Despite the subdued trading action on Monday amid the Columbus Day holiday in the United States (US) and the Thanksgiving Day holiday in Canada, the USD/CAD pair inched higher on Monday as the sharp drop witnessed in crude oil prices weighed on the commodity-related […]
Gold 1 OZ (XAU=X) showing tendencies of correction Last week saw a continuation of the pullback in Gold prices. As discussed on Monday, a long-term zone of resistance continued to loom large as Gold prices still showed tendencies of correction after this summer’s near-parabolic bullish jump. That resistance zone runs between Fibonacci levels at 1509 and 1527. […]
US President Donald Trump warned Monday that Turkey faces imminent sanctions over its incursion into northeastern Syria against Kurdish militia, but also signalled that Washington would avoid armed conflict with Ankara. “Big sanctions on Turkey coming!” Trump said, after Turkish attacks stepped up over the weekend on the Syrian Kurds, who had allied with the […]
Shanghai: SSE Composite Index (.SSEC) benchmark index rises above 3,000 for first time in a month China stocks rose on Monday, with the benchmark Shanghai Composite Index going past the 3,000 level for the first time in nearly a month amid expectations of trade deal between presidents Xi Jinping and Donald Trump next month. A […]
Silver 1 OZ 999 NY (XAG=X) gains as geopolitical worries resurface Gold and silver prices are moderately higher in midday U.S. trading Monday, on some safe-haven demand as trader and investor risk aversion is a bit keener to start the trading week. December gold futures were last up $7.10 an ounce at 1,495.80. December Comex silver prices were last up $0.116 at […]
Internet gaming phenomenon Fortnite has temporarily gone offline, leaving millions of addicted gamers wondering what to do with themselves, after a massive asteroid brought the latest season to an end. Epic Games, Fortnite’s creators, announced that season ten of the shoot-’em-up survival video game would end on October 13 and many users expected season eleven […]
Japanese Yen: USD/JPY (JPY=X) target 109.75-84 From the daily chart, we notice at the start of last week USD/JPY rallied above the 50-Day moving average, then on Thursday moved to a higher trading zone 107.30 – 108.61. On Friday, the price rebounded nearby the high end of the zone, similarly to EUR/JPY. Hence, a close […]
Hong Kong: HANG SENG INDEX (.HSI) higher as investors cheered progress on US-China trade talks Asian markets traded in the green Monday as investors cheered progress on US-China trade talks. China’s Shanghai Composite Index (SHCOMP) improved 1.4%, following a 0.9% rise on Friday. South Korea’s Kospi (KOSPI) also jumped up 1.4%. The Kospi ended positive […]
DAX PERFORMANCE-INDEX (.GDAXI) starts to ease back after blockbuster rally The DAX enjoyed an impressive rally to close out last week, with the index reaching a two-month high. With such a sharp rise in play on Friday, the sentiment seems to be shifting as we start this week. This could simply be a retracement, but given the […]
Euro: USD/EUR (EUR=X) still in a downtrend The Euro has done very little during the trading session on Monday, as the market is sitting at the 50 day EMA. This is obviously an area that is going to cause some issues, as market participants are looking at both the technical analysis and wondering exactly what just […]
Singapore: STI Index (.STI) investor sentiment improved following last week’s high-level trade negotiations between the United States and China Asia Pacific markets rose across the board on Monday as investor sentiment improved following last week’s high-level trade negotiations between the United States and China. Mainland Chinese markets traded up at the close: The Shanghai composite […]
UK FTSE 100 (.FTSE) and pound subdued The FTSE 100 index ended lower on Monday, weighed down by recent gains from the pound on Brexit deal hopes although the UK currency slipped back, while US stocks were only modestly higher in thin trade on Columbus day as China/US trade deal optimism cooled. At the close, […]
Two British former investment bankers are on trial in Germany for their role in orchestrating an equity trading scheme known as “cum-ex” between 2006 and 2011, which pocketed hundreds of millions of dollars from taxpayers. German papers have called it the most complicated tax fraud trial in modern German history, but the cum-ex scandal could […]
Britain and the European Union on Monday enter a pivotal week that determines if they are still on course to reach amicable divorce terms — and when Brexit might finally occur. Queen Elizabeth II is due to step into the fray by performing her ceremonial duty of informing parliament about the government’s agenda for the […]
Ethereum: USD/ETH (ETH=) Fails to Break Above Critical BTC Resistance Level Ethereum and the aggregated crypto markets have been able to incur some tempered bullishness today after facing notable selling pressure over the past couple of days, but analysts are still weary of where ETH and other altcoins will head in the near-term. Importantly, one […]
Australia on Monday announced the country’s consumer watchdog would investigate mortgage pricing after the country’s largest banks refused to pass on recent interest rate cuts in full. The central bank’s official cash rate has been lowered three times this year amid fears about the flagging domestic economy and now stands at a record low of […]
Russian President Vladimir Putin will visit Saudi Arabia on Monday, where he is set to seal oil agreements as well as use his influence to defuse rising tensions in the Gulf. The meeting with King Salman and Crown Prince Mohammed bin Salman comes following attacks on Saudi oil installations that Riyadh and the US have […]
United States Oil (USO) prices ease on scant details of U.S.-China trade deal Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over the thaw that helped to lift crude markets by 2%. Brent crude futures LCOc1 edged […]
Bitcoin: USD/BTC (BTC=X) Price In a Sideway Before Next Bull Run More than two weeks have passed since the Bitcoin price dropped from $9,600 to $8,300; BTC has settled itself in the $8,000- $8,600 corridor. However, the community is expecting the growth of main cryptocurrency and popular analysts agreed that the compressed fractal can signal that Bitcoin […]
Asian investors on Monday cheered a partial trade deal between China and the United States, sending regional markets rallying, though observers were sceptical about the overall significance of the agreement. Dealers took their lead from a strong performance on Wall Street after top-level negotiators ended two days of talks saying US tariffs due to take […]
New Zealand Dollar: NZD/USD (NZD=X) traders react to the positive news of a partial trade deal between the United States and China The Australian and New Zealand Dollars finished higher last week as traders reacted to the positive news of a partial trade deal between the United States and China. The development helped change the […]
Hong Kong: HANG SENG INDEX (.HSI) on track for a rally after a breakthrough in the US-China trade talks suspended a tariff escalation Regional sharemarkets are on track for a rally after a breakthrough in the US-China trade talks suspended a tariff escalation due this week on $US250 billion of Chinese exports set for US […]
Singapore: STI Index (.STI) expected to rise as hopes of progress in US-China trade talks lifted risk appetite Stocks in Asia rallied strongly on Friday to end the week on a high note as hopes of progress in US-China trade talks lifted risk appetite. Some regional bourses posted their best showing in weeks while in […]
Australia: S&P/ASX 200 (.AXJO) set to rise after the announcement of a partial trade deal between China and the US Australian shares are set to rise after the announcement of a partial trade deal between China and the US triggered a rally in markets. The preliminary, partial deal was the biggest step toward resolving a […]
Ethereum: USD/ETH (ETH=) could extend its decline towards the $175 This past week, ETH started a strong rise above the $175 resistance against the US Dollar. Moreover, the pair broke the key $185 resistance area and settled above the 100 simple moving average (4-hours). It opened the doors for more gains above the $190 resistance. […]
Shanghai: SSE Composite Index (.SSEC) investors cheer signs of progress in the ongoing US-China trade talks China stocks rose on Friday to end the four-session week higher, as investors cheered signs of progress in the ongoing US-China trade talks. The blue-chip CSI300 index rose 1.0 per cent, to 3,911.73, while the Shanghai Composite Index closed […]
Canadian Dollar: USD/CAD (CAD=X) attention now shifting to Canadian inflation and US retail sales data USD/CAD comes into focus following another robust Canada jobs report with attention now shifting to Canadian inflation and US retail sales data on deck next week. Spot USD/CAD prices threaten to continue drop seeing that the currency pair plunged beneath its uptrend […]
Gold 1 OZ (XAU=X) likely to remain under pressure as long as Treasury yields continue to rise Gold is likely to remain under pressure as long as Treasury yields continue to rise. Furthermore, a weaker U.S. Dollar is not expected to influence gold prices too much until all of the long-hedge positions in the greenback […]
Bitcoin: USD/BTC (BTC=X) price attempts another recovery Bitcoin price (BTC) bulls looked as if they were taking charge last week as BTC/USD rose by over $1,000, albeit momentarily. Bitcoin rallied throughout the week from a low of $7,760 on Oct. 7 to over $8,800 where it was rejected around the 200 Day Moving Average (MA) on Oct. […]
Australian Dollar: USD/AUD (AUD=X) upward momentum builds AUD/USD briefly eclipsed its downward sloping trendline after jumping above its 50-day SMA early during Friday’s trading session. I noted earlier that the Australian Dollar hinged on US-China trade talks and progress made by the US and China this week toward reaching a trade deal (deemed a phase 1 trade agreement by […]
On the face of it, Ellie Woodcock’s organic farm two hours south of London shouldn’t be affected by Britain’s impending departure from the European Union. “We don’t export anything, so that wouldn’t affect my farm. We sell very much directly to the English public and quite locally,” she told AFP. But even with no customs […]
The Chinese high-tech companies blacklisted by Washington over alleged ties to rights abuses are rising stars in China’s ambitious drive to overtake the United States in the technology sector. They make surveillance cameras, facial recognition software and other technology that has become ubiquitous in Xinjiang, the heavily policed northwestern region where an estimated one million […]
British Pound: USD/GBP (GBP=X) to be moved by Brexit news The GBP/USD exchange rate is trading at 1.2644 at the start of the new week after rising 2.54% in the week before. Studies of the charts suggest the pair is at an important crossroads with further upside dependent on a clear break out of the […]
Euro: USD/EUR (EUR=X) to be moved by Brexit and industrial production The Euro-to-Dollar exchange rate is trading at around 1.1035 at the start of the new week after rising 0.27% in the week before. Studies of the charts are showing the potential for more upside in the short-term dependent on a break to new highs. […]
Silver 1 OZ 999 NY (XAG=X) continues to see a lot of volatility The Silver markets initially tried to rally during the trading session on Friday but continues to find a lot of resistance above at the downtrend line that forms the major wedge that I have marked out. Beyond that, there is support underneath, […]
DAX PERFORMANCE-INDEX (.GDAXI) Market Increase Bets for a Brexit Deal DAX Index started higher the trading session as positive news crossing the wires from the Brexit front. EU’s Donald Tusk said that after PM Boris Johnson met his Irish counterpart Leo Varadkar yesterday, “both saw for the first time a pathway to a deal”. Improved sentiment […]
Amid Brexit deal hopes, UK Plc outshines UK FTSE 100 (.FTSE) Hopes that Britain will seal a Brexit deal saw unloved London-listed companies with exposure to the domestic economy rise more than blue-chip stocks on Friday, for the first time since May, in a major reversal of fortunes. JP Morgan’s UK domestic plays index that […]
Thursday saw a son of Fastnet Rock light up the Tattersalls sales ring when selling to Aquis Farm for 725,000gns. Offered by James Hanly’s Ballyhimikin Stud on behalf of breeder Sven Hanson, the bay colt was predicted to prove popular, given that he is a full-brother to the top-class One Foot In Heaven (Fastnet Rock). Their dam […]
