Dow Jones Industrial Average (.DJI) slightly lower as the Fed kicked off its two-day monetary policy meeting The Dow Jones Industrial Average was slightly lower in the stock market today as the Fed kicked off its two-day monetary policy meeting and oil prices plunged. The Nasdaq composite held a 0.1% gain, the S&P 500 was fractionally higher […]
United States Oil (USO) consumers can expect prices at the pump to rise up to 20 cents Gas prices already are rising after an attack badly damaged two oil facilities in Saudi Arabia over the weekend, disrupting world oil supplies and sending crude oil prices up 15% on Monday. The average national gasoline price in the U.S. […]
Apple Inc. (NASDAQ:AAPL) stock is found in both value and growth funds As the “Great Rotation” grips the U.S. stock market, more investors are turning to “value” stocks, or those that are considered comparatively underpriced or overlooked. In the past couple of weeks, while the main U.S. stock indexes SPX, +0.26% DJIA, +0.13% COMP, +0.40% have hovered near all time highs, investors […]
Ethereum: USD/ETH (ETH=) bulls are back in full swing Ethereum bulls are back in full swing. As of the time of writing this, ETH’s price has just topped $210, pushing up by some 6% over the past 24 hours. This strong move higher marks the end of a massive downtrend for Ethereum, in terms of its […]
Bitcoin: USD/BTC (BTC=X) bears have gained an upper hand in the last 24 hours Bitcoin is down again, but some observers believe the losses could be reversed after a U.S. interest rate cut expected Wednesday. The leading cryptocurrency by market value fell to lows below $10,100 yesterday, marking a downside break of the narrowing price […]
Facebook, Inc. (NASDAQ:FB) Outpaces Stock Market Gains In the latest trading session, Facebook (FB) closed at $188.08, marking a +1% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.26%. Meanwhile, the Dow gained 0.13%, and the Nasdaq, a tech-heavy index, added 0.4%. Prior to today’s trading, shares of the […]
Health fears prompt Swiss 5G revolt Switzerland was among the first countries to begin deploying 5G, but health fears over radiation from the antennas that carry the next-generation mobile technology have sparked a nationwide revolt. Demonstrators against the technology are due to fill the streets of Bern later this month, but already a number of […]
Meliá Ho Tram Beach Resort Unveils The Level Villas Five-star Meliá Ho Tram Beach Resort situated a two-hour drive from Ho Chi Minh City has launched a “resort within a resort” called The Level Villas that sets apart 61 upscale villas with their own private pools as well as a private lounge and a host of bespoke privileges. The […]
Gold 1 OZ (XAU=X) solid resistance at $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]
Japanese Yen: USD/JPY (JPY=X) testing weekly downtrend resistance ahead of Fed The US Dollar has rallied more than 3.6% against the Japanese Yen since the August lows / yearly lows with price now approaching broader downtrend resistance ahead of tomorrow’s highly anticipated FOMC interest rate decision. These are the updated targets and invalidation levels that matter on the USD/JPY weekly price chart. USD/JPY […]
Australia: S&P/ASX 200 (.AXJO) shares subdued ahead of the U.S. Federal Reserve’s policy meeting Australian shares were subdued on Tuesday, as markets trod cautiously in the wake of heightened tensions in the Middle East and ahead of the U.S. Federal Reserve’s policy meeting this week. The S&P/ASX 200 index declined 0.1% or 8.2 points to […]
Shanghai: SSE Composite Index (.SSEC) key stock index falls by the most in 10 weeks China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been excessive. Hong Kong’s […]
Euro: USD/EUR (EUR=X) on the rise The shared currency, on the daily chart, is trading in a bear trend below the main daily simple moving averages (DSMAs). It has been reported that Saudi Arabia’s oil output should return to normal faster than anticipated. This improved improved the market sentiment and sent USD down and EUR/USD up. […]
Silver 1 OZ 999 NY (XAG=X) some corrective pressure Gold and silver prices are modestly weaker in early U.S. trading Tuesday, on some corrective pressure following Monday’s gains. Still, look for more safe-haven demand in the near term after the weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. The U.S. and Saudi Arabia are not likely […]
Hong Kong: HANG SENG INDEX (.HSI) stocks slide for a second day as MTR retreated on train derailment China’s stocks dropped by their most in 10 weeks on concern policymakers were not doing enough to arrest the decline in the nation’s economic growth, while a recent rally of smaller companies was judged to have been […]
Australian Dollar: USD/AUD (AUD=X) rebounds off confluence support ahead of FOMC The Australian Dollar is virtually unchanged against the US Dollar since the start of the week and heading into tomorrow FOMC interest rate decision, the focus is on a break of the objective weekly opening-range for guidance. These are the updated targets and invalidation levels that matter on the AUD/USD price chart. […]
DAX PERFORMANCE-INDEX (.GDAXI) holds above Monday lows The price for the DAX failed to close the opening gap yesterday, with gains faltering at 12,400. However, downside was also limited, so another push above 12,400 may occur, with a target in the first instance of 12,500, before a fresh move towards 12,600. The current bounce is yet to […]
British Pound: USD/GBP (GBP=X) U.K. Inflation and Fed Meeting ahead There are no major indicators on the schedule, so investors are casting an eye ahead towards Wednesday, with key events on both sides of the pond. The U.K. will release the August consumer inflation report. Recent CPI releases have been around the 2.0% level, which […]
Alphabet Inc. (NASDAQ:GOOG) Stock Investors Shouldn’t Sweat Antitrust Spotlight Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) stock price has lagged the S&P 500 in 2019 despite some impressive growth numbers. One of the biggest reasons investors are skeptical is due to concerns about antitrust action. Antitrust fears were stoked last week on reports of two new big tech probes by 48 U.S. state attorneys […]
Alibaba Group Holding Limited (NYSE:BABA) Dips More Than Broader Markets: What You Should Know The 10th of September was a day that some holders of Alibaba (NYSE:BABA) stock were dreading: Jack Ma, the company’s flamboyant co-founder and chairman for 20 years, finally stepped down from his position on his 55th birthday. He’ll continue to serve as as part of […]
Fred’s, Inc. (NASDAQ:FRED) stock to be delisted starting Wednesday Fred’s common stock is set to be delisted from the Nasdaq market exchange beginning Wednesday, Sept. 18. The stock may be eligible for listing on the over-the-counter Pink Sheets, with a Q in the ticker symbol indicating the company is in bankruptcy. Fred’s also filed a […]
Ethereum: USD/ETH (ETH=) currently consolidating gains and it might soon attempt to climb above the $200 resistance Yesterday, we saw a nice upward move in ETH price above the $185 resistance against the US Dollar. Moreover, we discussed the chances of more upsides and a test of the $200 level. The price did climb higher, […]
Dow Jones Industrial Average (.DJI) snaps 8-session win streak after attack on Saudi oil facilities sends crude soaring U.S. stocks ended lower Monday after a weekend attack on Saudi Arabia’s oil-production facilities unsettled global markets, halted the Dow’s eight-session winning streak and sent crude prices rocketing higher. The attacks played out in the Middle East […]
Tesla, Inc. (NASDAQ:TSLA) to reduce the number of vehicles sitting at its California factory Tesla will make a change to its delivery system next quarter designed to reduce the number of vehicles sitting at its Fremont, California, factory, Electrek‘s Fred Lambert reported. According to Electrek, Tesla will immediately send custom-ordered vehicles to local delivery hubs, instead […]
Bitcoin: USD/BTC (BTC=X) consolidation may end up with bullish breakout Bitcoin’s latest bout of consolidation may end up with bullish breakout, as a key metric of miner confidence has hit all-time highs. The top cryptocurrency by market value has clocked lower daily highs and higher daily lows over the last three days and is currently […]
United States Oil (USO) holds most huge gains after Saudi attack, Fed moves into view Oil prices dipped Tuesday but held most of the previous day’s record gains following an attack on Saudi facilities that wiped out half the country’s output, with traders nervously awaiting the US response after it said Iran was likely to […]
Apple embarks on EU court battle over 13-bn-euro tax bill Apple embarks on an epic court battle with the EU on Tuesday, fighting the commission’s landmark order that the iPhone-maker reimburse Ireland 13 billion euros ($14 billion) in back taxes. Lawyers for the world’s biggest company will face EU officials in a Luxembourg court, challenging […]
Chinese official to visit US to prepare for trade talks A Chinese vice finance minister will visit the United States on Wednesday to lay the groundwork for trade talks next month, state media said. The United States and China have been embroiled in a bruising trade war for more than a year but they have […]
Shamardal Colt Pinatubo One of History’s Highest Rated 2yos Pinatubo cemented his position as Europe’s top two-year-old as he stormed to a stunning nine-length victory in the G1 Vincent O’Brien National Stakes at the Curragh, Ireland, on Sunday, 15 September. The Shamardal colt, coming into the seven-furlong contest on the back of four wins from as many starts […]
Australia Travel Tips: How to kick start your adventure Travelling to Australia? These tips will set you on the right track to an unforgettable experience. With its magnificent coasts, outback, islands and cities, there’s no doubt that the diversity of Australia is breathtaking. Luckily, planning a trip to this continent doesn’t have to be difficult. With the […]
French boy, 10, dies 8 years after supermarket burger poisoning A French boy aged 10, who fell gravely ill in 2011 after consuming a beef burger from supermarket discounter Lidl that was infected with E.coli bacteria, has died of complications stemming from his poisoning, the family’s lawyer said. The boy, Nolan, died on Saturday “as […]
Riccardo Tisci makes his mark at Burberry Italian designer Riccardo Tisci revisited his signature trenchcoat and added a streetwear touch as he presented his third collection for Burberry at London Fashion Week on Monday. Tisci, formerly of Givenchy, took over as chief creative officer in March 2018 with a mission to re-energise the venerable Burberry […]
Facebook, Inc. (NASDAQ:FB) to stop news headline changes from advertisers Facebook said Monday it is working to stop advertisers from changing headlines in links to news stories after concerns raised by a British political party’s altering of one such link. The leading social network confirmed the internal effort in the face of concerns over a […]
Alphabet Inc. (NASDAQ:GOOG) expected to unveil new Pixel phone on Oct. 15 Google on Monday sent out invitations to an October 15 event starring “things Made by Google,” with a new Pixel smartphone expected in the line-up. The unveiling in New York City is likely to spotlight Google’s Android-powered challenge to the latest generation of […]
Shanghai: SSE Composite Index (.SSEC) stocks mixed after downbeat economic data China stocks started the week on a mixed note after bleak economic data reinforced hopes Beijing will roll out more stimulus to underpin the economy and as investors pondered over the latest developments in the Sino-U.S. tariff war. The CSI300 index fell 0.2%, to […]
Hong Kong: HANG SENG INDEX (.HSI) slides amid more worrying economic news from China Asian markets mostly fell in early trading Monday as global crude futures soared following the weekend attack on Saudi Arabian oil facilities. West Texas Intermediate crude for October delivery CLV19, +12.85% , the U.S. benchmark contract, was up 10.4%, or $5.71, at $60.57 a […]
Japanese Yen: USD/JPY (JPY=X) traders look for the safety of the yen after the drone attacks in Saudi Arabia The US dollar gapped lower against the Japanese yen as traders raced for caution and safety in the aftermath of those drone attacks. However, we have since spent the rest of the day trying to fill […]
Australian Dollar: USD/AUD (AUD=X) focus remained on the Middle East The Australian Dollar remained focused like most markets on rising crude prices following last weekend’s drone strike on crucial Saudi infrastructure and failed to move much on news that both Chinese industrial production and retail sales had missed forecasts. August’s industrial production rose by 4.4% on the year. That […]
New Zealand Dollar: NZD/USD (NZD=X) has been hit by weak global conditions and U.S-China trade war NZD/USD ended the week on a whimper and the lack of activity has continued on Monday. In the Asian session, the pair is trading at 0.6385, up 0.02% on the day. Ahead – Consumer Confidence Consumer confidence has dipped, as […]
Silver 1 OZ 999 NY (XAG=X) weak rally following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry Gold and silver prices are higher in early U.S. trading Monday, on safe-haven demand following a weekend terrorist drone strike that crippled Saudi Arabia’s oil industry. Some metals market watchers are scratching their heads wondering why prices have […]
Singapore: STI Index (.STI) business confidence falls to near 2-year low Business confidence in Singapore has dropped to a near two-year low for the final quarter of this year, with the manufacturing sector and wholesale trade bracing themselves for a downturn, a new survey has shown. Business sentiment fell from +6.91 percentage points in the […]
Gold 1 OZ (XAU=X) solid resistance of $1,566.20 Technically, the gold bulls have the solid overall near-term technical advantage and are keeping alive a three-month-old uptrend on the daily bar chart. Bulls’ next upside price objective is to produce a close in October futures above solid resistance at the September high of $1,566.20. Bears’ next […]
Australia: S&P/ASX 200 (.AXJO) lower and “has just been steadily eating away at the losses” The Australian share market has finished marginally higher as gains by oil companies and goldminers outweighed declines elsewhere in the wake of a drone attack on two Saudi Arabian oil facilities. The benchmark S&P/ASX200 index closed on Monday up 4.3 […]
Euro: USD/EUR (EUR=X) rebounds of down-trend resistance Euro reversed off downtrend resistance against the US Dollar last week with decline now testing monthly open support. The immediate focus is on a breakout of last week’s range – these are the updated targets and invalidation levels that matter on the EUR/USD price chart. Technical Outlook In this month’s Euro Weekly Price Outlook we noted […]
British Pound: USD/GBP (GBP=X) traders keep expectations low for the September BOE meeting There are two primary reasons why traders should keep expectations low for the September BOE meeting. The first reason is typical in nature, at least since the June 2016 Brexit: the BOE is doing everything it can to stay neutral to not […]
Canadian Dollar: USD/CAD (CAD=X) Rallies with Oil Prices The Canadian dollar gapped higher in Asia when oil prices surged upwards. West Texas Intermediate jumped to $63.15 U.S./barrel after closing on Friday at $54.83/b after news that drone attacks on Saudi Arabian oil fields knocked over 50% of the Kingdom’s oil production offline. There isn’t any […]
United States Oil (USO) Companies Set to Benefit From Saudi Supply Disruption Some U.S. oil companies are positioned to gain from the attacks on Saudi Arabia’s facilities over the weekend and an attendant rise in crude prices. The biggest moves could come from U.S. oil companies with a sizable short interest, including Apache Corp., Continental Resources […]
Apple Inc. (NASDAQ:AAPL) is becoming a camera company The iPhone 11 models Apple launched this week were more camera than phone. Sure, they can still send texts, download apps, and make video calls, but Apple spent a lot of time and effort marketing its new phones as powerful photography machines. It’s the latest sign that camera technology is where […]
Bitcoin: USD/BTC (BTC=X) price stumbles as its average transaction size and fee fall too Bitcoin is down about 0.3% from the previous day, putting its price at $10,341.21 US dollars at the time of this writing. The down day for Bitcoin yesterday was a reversal from the day before it. Price now stands at 1.77% […]
Tianci International, Inc. (OTC:CIIT) Heffx Technical Trading Outlook Overall, the bias in prices is: Downwards. Note: this chart shows extraordinary price action to the downside. The projected upper bound is: 2.60. The projected lower bound is: 0.82. The projected closing price is: 1.71. Candlesticks A big white candle occurred. This is generally considered bullish, as […]
Ethereum: USD/ETH (ETH=) Expected to Cross $195 Ethereum (ETH) price is finally out from the recent drop. The coin is currently dealing at $187 with a market cap of $20,241,404,437. In the last 7 days, Ethereum (ETH) was seen touching a low at $176.50. The price seems to have driven out of the same. If […]
The Boeing Company (NYSE:BA) committee expected to make safety recommendations A small committee from Boeing’s board is expected to deliver safety recommendations to the full board this week, according to a source with knowledge of the situation. The committee is expected to call for changes to the company’s structure — including the creation of new […]
Dow Jones Industrial Average (.DJI) Look For Lead-Out Breakout While Small Caps stole the show last week, it may be the time for Large Caps to step up to the plate. Leading the charge is the S&P. The index is sitting just below resistance after ending the week just shy of a break of 3,025. Technicals […]
Arc Trials day : faster and longer Two Qatar Prix de l’Arc de Triomphe weekend prep races were on the card on Sunday at ParisLongchamp. Run over 5 furlongs, the Qatar Prix du Petit Couvert (Gr3) leads to the Prix de l’Abbaye de Longchamp Longines (Gr1). Oddly enough, the last winners of the French top sprint who […]
Qatar Niel : Sottsass wins a thriller of a race Sottsass (Siyouni) left a big impression on the Sunday card at ParisLongchamp in the Qatar Prix Niel (Gr2). Completely boxed-in when things started to take a serious turn, the colt who races the colours of White Birch Farm of Peter Brant fame, stamped his authority in 100m once […]
Qatar Vermeille : Star Catcher holds on to her crown The favourite from England Star Catcher (Sea the Stars) won the Qatar Prix Vermeille (Gr1) from pillar to post, on Sunday at ParisLongchamp. Trained by John Gosden for her breeder Anthony Oppenheimer, the 3-year-old filly was ridden by Lanfranco Dettori. She finally beats a group of four fillies and […]
Qatar Foy : Waldgeist gets perfect prep Winner of the 2018 Qatar Prix Foy (Gr2), Waldgeist (Galileo) strikes again, taking over the front-running Japanese raider Kiseki (Rulership) about one out to finally take off and win by 2 lengths over Way To Paris (Champs Elysees). The latter took a rather convincing test here after becoming one of the best active stayers in France. […]
Two Group 3 races are contested on Monday on the Maisons-Laffitte racecourse. The Prix Eclipse (Gr3) is a 6 furlongs race for 2-year-olds won last year by Sporting Chance, who then finished fifth in the Critérium de Maisons-Laffitte (Gr2) on the same course and then tried his luck at the best level in Meydan. In the Eclipse, the English […]
Shanghai: SSE Composite Index (.SSEC) Waiting On Data Ahead of Friday’s holiday for the Mid-Autumn Festival, the China stock market had halted the two-day slide in which it had fallen more than 15 points or 0.5 percent. The Shanghai Composite Index now rests just above the 3,030-point plateau and it’s looking at a narrow trading […]
New Zealand Dollar: NZD/USD (NZD=X) fallen away in early Asian trade The New Zealand Dollar closed lower against the U.S. Dollar on Friday as investors continued to show almost no reaction to a number of conciliatory gestures between the United States and China that could be signaling an easing of tensions over the prolonged trade […]
Gold 1 OZ (XAU=X) Likely to Weaken if Fed is Dovish Gold traders will also be watching Wednesday’s Fed interest rate and monetary policy decisions. A 25-basis point rate cut is widely expected, however, traders will be more interested in how Fed policymakers feel about a December rate cut. Gold futures finished lower for a […]
Australia: S&P/ASX 200 (.AXJO) shares are set to ease with a cautious start to the week Australian shares are set to ease with a cautious start to the week as the US central bank’s pending policy decision is awaited. ASX futures were down 7 points or 0.1% to 6667. The local currency edged 0.2% higher. […]
British Pound: USD/GBP (GBP=X) to continue rising but risks a short-term correction The Pound-to-Dollar rate is set to begin trading around 1.2485 at the beginning of the new week after closing the previous one around 1.68% higher on Friday and studies of the charts suggest the pair has established a new uptrend that could take it […]
Australian Dollar: USD/AUD (AUD=X) Investors focus on the RBA minutes and employment reports The Australian dollar continued to post gains last week, despite disappointing confidence numbers. NAB business confidence slowed to 1 point, in August marking a 4-month low. There was no relief from Westpac consumer sentiment, which fell by 1.7% in July, its third […]
Japanese Yen: USD/JPY (JPY=X) could rise sharply after the Fed announcement The Dollar/Yen reached its highest level since August 1 last week as investors continued to shed the safe-haven Japanese Yen in reaction to an easing of tensions between the United States and China, an improving U.S. economy and speculation that the Bank of Japan […]
Euro: USD/EUR (EUR=X) Avoids Losses despite ECB Easing Measures Both the Euro and US Dollar were fairly volatile last week, driven by shifts in global trade sentiment as well as the latest central bank news and speculation, but the Euro to US Dollar (EUR/USD) exchange rate ultimately closed the week fairly closely to its opening […]
Ready2Race breeze ups begin with successful Cranbourne session The build-up to the 2019 Inglis Ready2Race Sale gathered further momentum today with the first of five breeze up sessions. On a track rated a Soft 5 at Cranbourne in south east Victoria, 63 professional and well educated two-year-old’s hit the track for their official 200m breeze. […]
Ten out of ten for Stradivarius in the Doncaster Cup All-conquering stayer cruises home at Town Moor to secure his eleventh win in Champions Series races. Stradivarius secured his tenth successive victory with a dominant display in the Magners Rose Doncaster Cup. John Gosden’s five-year-old has completely dominated the staying division over the past couple of […]
Series star Crystal Ocean has run his final race Sir Michael Stoute-trained star recovering well after having a leg operation. Series star Crystal Ocean suffered a career-ending injury on the Newmarket gallops on Thursday morning. The Sir Michael Stoute-trained five-year-old was taking part in a routine canter as his preparation for either the Prix de l’Arc de […]
Logician puts unbeaten record on the line in the St Leger The unbeaten Logician heads a final field of eight for the William Hill St Leger at Doncaster on Saturday. The unbeaten Logician heads a final field of eight for the William Hill St Leger at Doncaster on Saturday. The world’s oldest Classic, first run […]
Quality Road Colt Reaches $950,000 At September Sale Tom Durant paid $950,000 for a Quality Road colt from the family of A.P. Indy and Summer Squall during Friday’s fourth session of the Keeneland September Yearling Sale. Consigned by Lane’s End, agent, the colt is out of the winning Storm Cat mare Storm Showers. SF/Starlight/Madaket purchased […]
Promising No Nay Never Filly Gains Second Success The Simon Crisford-trained Last Surprise (2f No Nay Never – Beta Tauri, by Oasis Dream) defied a penalty to secure her second career success at Chelmsford on Thursday. An impressive winner on debut in June, the chesnut was sent off favourite under Pat Cosgrave and chased the leader for much of […]
Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know Twitter (TWTR) closed the most recent trading day at $43.20, moving -0.12% from the previous trading session. This change lagged the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.3%. Prior to today’s trading, […]
Facebook, Inc. (NASDAQ:FB) expected to rise from $200 to $275 Few months ago, I wrote an article on estimating Facebook’s (FB) future target prices, using then analysts’ forecast financials. Since the model’s forecast prices turned out to be reasonably accurate (Figure 2B below) and the current forecasts of forward financials have changed somewhat from March, it […]
Bitcoin: USD/BTC (BTC=X) price breaks to $10300 Bitcoin (BTC) is not the king of cryptocurrencies without any reasons. Bitcoin price has finally broken through the downward wedge triangles and is now headed towards new highs. In the past twenty-four hours (24hrs) Bitcoin price has seen the high point of ten thousand four hundred and sixty-one […]
Tesla, Inc. (NASDAQ:TSLA) Sinks As Market Gains Tesla (TSLA) closed the most recent trading day at $245.87, moving -0.5% from the previous trading session. This change lagged the S&P 500’s daily gain of 0.29%. Meanwhile, the Dow gained 0.17%, and the Nasdaq, a tech-heavy index, added 0.3%. Heading into today, shares of the electric car […]
Alphabet Inc. (NASDAQ:GOOG) ordered by NLRB to assure employees they can speak out on workplace issues Google, a unit of Alphabet Inc. GOOGL, +1.23%, has been ordered by federal regulators to assure its employees that they are allowed to speak out on workplace issues, according to a report in The Wall Street Journal. The report, which cited […]
Apple Inc. (NASDAQ:AAPL) stock heads for 4th straight gain to 11-month high Shares of Apple Inc. AAPL, -0.23% rose 0.9% in midday trading, putting them on track for a fourth-straight gain. The stock, which has rallied 5.8% during the win streak, is also headed for the highest close since Oct. 9, 2018. The stock’s gains come in the […]
Dow Jones Industrial Average (.DJI) logs 7th gain in a row on renewed trade optimism The Dow marked its longest win streak in more than a year Thursday, after the European Central Bank’s announced fresh stimulus measures, including an interest-rate cut that moved a deposit rate further into negative territory, raising hopes that the Federal […]
Ethereum: USD/ETH (ETH=) Shayne Heffernan Target $200 Recently, there was a downside correction in ETH price below the $180 support against the US Dollar. However, the $175 level acted as a decent support and prevented further losses. Moreover, bitcoin price held the $10,000 support and it bounced back above $10,250 and $10,300. It helped altcoins […]
United States Oil (USO) lower as optimism over an end to the US-China trade war faded Oil futures fell on Friday as optimism over an end to the US-China trade war faded, leaving prices set for a weekly loss after days of wild gyrations. Brent crude was down 17 cents, or 0.3 per cent, at […]
U.S. President Donald Trump is prepared to keep or even raise tariffs on Chinese imports amid ongoing trade talks, Treasury Secretary Steven Mnuchin said on Thursday, after both sides granted concessions ahead of the next round of negotiations. Still, Mnuchin said in an interview on CNBC, U.S. officials were looking to make progress when talks […]
The 2019 Keeneland September Yearling Sale produced a stunning highlight for Triple Crown hero American Pharoah when his blue-blooded filly from blue hen Leslie’s Lady fetched $8.2 million. A half-sister to Champion Mare and $6 million earner Beholder as well as Grade I winners Mendelssohn (also standing at Coolmore) and top sire Into Mischief, the exceptional filly was consigned […]
Euro: USD/EUR (EUR=X) ECB announcement came out with the interest rate cut and of course the bond buyback program starting back up The Euro went back and forth wildly during the trading session on Thursday, as the European Central Bank announced that they were cutting rates and that of course have decided to buy unlimited bonds. […]
The River Nile wasn’t only a source of great mythology. It was a significant scientific site, by which ancient Egyptians created their Calendar. The rising of the Sirius star towards the East was the sign of the Nile Flood, namely on August 15th of the modern calendar, and the flood was in turn the beginning of […]
Shanghai: SSE Composite Index (.SSEC) benchmark closes at highest level in 10 weeks The Shanghai Composite Index closed at its highest level in 10 weeks, as investment sentiment was buoyed by US president Donald Trump’s decision to delay tariffs for two weeks as a “gesture of goodwill” for celebrations marking the 70th anniversary of the […]
British Pound: USD/GBP (GBP=X) U.S. Inflation Mixed, Retail Sales Next The British pound is almost unchanged on Thursday. GBP/USD is trading at 1.2330 in the North American session, down 0.03% on the day. U.S. Inflation Mixed, Retail Sales Next The August CPI release slipped to 0.1%, down from 0.3% a month earlier. This matched the […]
Australian Dollar: USD/AUD (AUD=X) rebound may fizzle out as retail traders remain net-long The Australian Dollar suffered a precipitous decline in July and August as trade war fears, a dovish RBA and a deteriorating global growth outlook worked to weigh on the Aussie Dollar’s prospects. Concurrently, the US Dollar (via the DXY Dollar Basket) drove higher. The diverging […]
Silver 1 OZ 999 NY (XAG=X) prices rally as ECB leans easy Gold and silver prices are sharply up and at daily highs in early U.S. trading Thursday. The precious metals bulls needed a jolt of good news and they got it today when the European Central Bank was aggressive in easing its monetary policy. December gold futures […]
Japanese Yen: USD/JPY (JPY=X) US dollar volatile during Thursday session against Japanese yen The US dollar reached above the ¥108 level, but then pulled back a bit as we have suddenly seeing a wall of worry when it comes to this trend. Keep in mind that this pair is highly sensitive to the stock markets […]
Singapore: STI Index (.STI) snaps three straight sessions of gains Most Southeast Asian stock markets closed lower on Thursday, with Indonesia falling the most, as signs of relief in the U.S.-China trade conflict failed to boost sentiment. U.S. President Donald Trump on Wednesday reciprocated to Beijing’s move to exempt levying charges on some American imports […]
Australia: S&P/ASX 200 (.AXJO) Investors reacted positively to the European Central Bank’s decision to lower interest rate Investors reacted positively Thursday to the European Central Bank’s decision to lower interest rates and engage in a new round of bond-buying as well as overtures between the U.S. and China ahead of the next round of trade […]
Hong Kong: HANG SENG INDEX (.HSI) boost was primarily due to a boost in investor confidence involving a likely positive outcome of the ongoing trade dispute Global markets reacted positively this week as both the United States and China made new progress in possibly putting an end to the now year-long trade war. The moves […]
Gold 1 OZ (XAU=X) rebound off downtrend support – risk remains while below 1522/26 Gold prices tested a key pivot zone today on the back of the ECB interest rate announcement with price still holding within a near-term descending pattern. These are the updated targets and invalidation levels that matter on the XAU/USD charts this week. In my […]
Ethereum: USD/ETH (ETH=) Price In Corrective Decrease But Likely To Bounce Back After forming a short term top near $186, ETH price started a downside correction against the US Dollar. It broke the $180 support level and the 100 hourly simple moving average to enter a negative zone. Moreover, the recent decline in bitcoin pushed Ethereum below […]
NASDAQ Composite (.IXIC) rising to the highest level since July Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. Stocks rallied, with the Nasdaq Composite Index rising to the highest level since July, as the rotation from momentum to value shares that began at the start of […]
Alibaba Group Holding Limited (NYSE:BABA) stock is long-term winner with plenty of cash that actually looks attractively valued now In the pantheon of U.S. companies, there have been instances where the CEO and/or founders are inextricably linked to those firms and, to some extent, the performance of the stocks. Think Warren Buffett at Berkshire Hathaway (NYSE:BKR-B), the […]
Bitcoin: USD/BTC (BTC=X) volatility reached the lowest level in over four months Bitcoin volatility reached the lowest level in over four months. Bitcoin has been suffering due to relative stagnation over the past weeks, and the measure of volatility went down to its lowest in nearly four months. The 30-day volatility of the digital currency […]
United States Oil (USO) imports down, exports up last week Prices rose this week after Prince Abdulaziz bin Salman, Saudi Arabia’s new energy minister, said oil policy would not change and said an OPEC deal with Russia and other producers to cut output by 1.2 million barrels per day (bpd) would be maintained. Iraqi Oil […]
Apple Inc. (NASDAQ:AAPL) reclaimed its status as a trillion-dollar company Apple Inc. reclaimed its status as a trillion-dollar company Wednesday, hitting that level for the first time since last November on the day after it showed off its next iPhones. Apple AAPL, +3.18% introduced its new lineup of iPhones and revealed pricing details for its forthcoming gaming and video […]
