Earnings Estimates Moving Higher for Netflix, Inc. (NASDAQ:NFLX) – Time to Buy? Netflix, Inc. NFLX is a streaming service provider that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well. These […]
Amazon.com, Inc. (NASDAQ:AMZN) stock looks like it has only just begun to flex its muscle Has the market gotten ahead of itself? Depending on where investors look, there’s definitely room for debate. But not so for mega-cap Amazon (NASDAQ:AMZN). Following a recent earnings release, Amazon stock looks like it has only just begun to flex […]
Dow Jones Industrial Average (.DJI) drops 300 pts pulled by Microsoft, Apple Stocks on Wall Street traded lower on Thursday with the Dow Jones sinking more than 300 index points. Tech giants such as Microsoft and Apple were among the losers of the session, slipping over 2% and more than 1%, respectively. The coronavirus outbreak […]
Elon Musk buys $10 million of Tesla, Inc. (NASDAQ:TSLA) stock Tesla (NASDAQ: TSLA) revealed in an SEC filing yesterday that the automaker closed its recently announced stock offering, raising $2.31 billion to strengthen its balance sheet. Investors and underwriters eagerly bought up shares, despite the fact that Tesla stock is far more expensive today than […]
United States Oil (USO) Rises to Highest in Almost 4 Weeks on Booming U.S Exports Oil jumped to the highest in almost four weeks as U.S. crude exports surged and the expansion of domestic inventories slowed dramatically. Futures rose 0.9% in New York on Thursday. American oil exporters shipped the equivalent of more than one-fourth […]
Vitalik Buterin Explains the New Tech Behind Ethereum: USD/ETH (ETH=) 2.0 Eth 2.0 is the next iteration of the ethereum blockchain, incorporating novel protocol designs such as proof-of-stake (PoS) and sharding. Last December, Buterin released a blog post on ways to speed up the launch of Eth 2.0, which has been in the works for […]
Tesla and Bitcoin: USD/BTC (BTC=X) Racing to be 2020’s Best Performing Asset In the cryptocurrency investment space, a lot has been made of the gains that Bitcoin has experienced since the turn of the year. January saw a 30 percent increase and February has seen the coin cross the sentimental $10,000 mark a number of […]
The Anam has introduced a package designed to reconnect loved ones and foster family quality time, combining a getaway in a remarkable three-bedroom ‘Family Hill Villa’ with a host of culinary and recreational experiences for all ages. The ‘Family is Everything’ experience is on offer at the 12-hectare beachfront resort’s two-storey Family Hill Villas that […]
The newly rebranded resort opens new dining option that shares founder’s story through art After 15 years in the doldrums, a Balinese building that was once the heart of Hendra Hadiprana’s private estate has been reimagined as a new tapas lounge, Panen Padi, at Tanah Gajah, a Resort by Hadiprana. The noted Indonesian architect, who […]
Bitcoin: USD/BTC (BTC=X) Is Now Back Where It Belongs Bitcoin has gone through a strange weekend – a strange week if you want to take things a step further. The currency gave everyone the burn when it decided to drop by roughly $400 late last week after trading for approximately $10,400 for some time. Everyone […]
DAX PERFORMANCE-INDEX (.GDAXI) breaks previous highs after recent retracement The DAX is ahead on its recovery, with the index reaching fresh highs overnight after a rally off a deep retracement at the start of the week. That rise above 13,810 points towards a continuation of the wider bullish trend. With the price struggling to really […]
Canadian Dollar: USD/CAD (CAD=X) Underpinned by Crude Prices The Canadian dollar crept higher yesterday despite the domestic inflation data giving the Bank of Canada another excuse to reduce interest rates. USD/CAD closed at $1.3220 yesterday supported in part by West Texas Intermediate oil prices jumping 8.3% since February 10. Statistics Canada reported Consumer Price Index […]
British Pound: USD/GBP (GBP=X) market will find some support at the 1.28 level The British pound broke down a bit during the trading session on the on Thursday to slice below the 1.29 level. However, it looks as if the market will find some support at the 1.28 level, and a bounce from here makes […]
Euro: USD/EUR (EUR=X) Clings to 1.08 Level The downside momentum in EUR/USD has subsided somewhat and the pair posted a small gain yesterday after declining for the five consecutive sessions before it. Over the last thirteen sessions, the exchange has declined in 11. While Euro weakness has subsided, the greenback has continued to march higher. […]
Australian Dollar: USD/AUD (AUD=X) Continues To Fall Apart The Australian dollar has initially tried to rally during the trading session on Thursday but continued the downward pressure as unemployment numbers out of Australia were a bit mixed, and the Peoples Bank of China cut rates. This shows that the Chinese are concerned about simulating growth, […]
Japanese Yen: USD/JPY (JPY=X) could find some type of profit-taking The US dollar has rallied again during the trading session on Thursday, reaching towards the ¥112 level. We are bit overbought at this point though, so don’t be surprised at all to see this market pullback. If it does, the ¥110 level underneath is what […]
FTSE Bursa Malaysia KLCI (.KLSE) remains in positive territory Bursa Malaysia remained in the positive territory Thursday, lifted by buying in selected heavyweights namely in utilities, finance and plantation-related counters. Tenaga, Public Bank, CIMB and Sime Darby Plantation contributed 4.074 points to the composite index. At 5pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) inched […]
Singapore: STI Index (.STI) stocks close 0.47 pct lower Singaporean stocks closed lower on Thursday, with the benchmark Straits Times Index (STI) going down 0.47 percent, or 15.03 points, to close at 3,198.68. A total of 1.64 billion shares changed hands with a turnover of 1.16 billion Singapore dollars (about 834.5 million U.S. dollars). Gainers […]
Gold 1 OZ (XAU=X) Markets Show Strength Gold markets have initially pulled back a bit during the trading session on Thursday but found enough support just above the $1600 level to turn around and go higher. There are plenty of concerns around the world when it comes to growth, and that of course helps gold. […]
Silver 1 OZ 999 NY (XAG=X) looks as if it is going to try to break above the $18.50 level Silver markets initially fell during trading on Tuesday, as the US dollar got a bit of a bit. Having said that, the market has turned right back around to show signs of life again, and […]
Hong Kong: HANG SENG INDEX (.HSI) stocks close lower on virus worries Hong Kong stocks closed lower Thursday as traders tried to work out if the new coronavirus would have a lasting impact on corporate earnings and economic growth. The Hang Seng Index fell 0.2 percent, or 46.65 points, to 27,609.16. Mainland China’s benchmark Shanghai […]
Australia: S&P/ASX 200 (.AXJO) Aussie tech index launches today Australia will finally get its own official index of publicly listed technology companies trading on the now thoroughly virtualized floor of the Australian Securities Exchange, with ratings agency Standard and Poors today launching the much awaited S&P/ASX All Technology Index. It is understood the highly anticipated […]
NASDAQ Composite (.IXIC), S&P 500 Climb To New Record Intraday Highs Stocks have moved mostly higher in morning trading on Wednesday, largely offsetting the weakness seen in the previous session. With the upward move, the Nasdaq and the S&P 500 have reached new record intraday highs. The major averages have seen further upside in recent […]
Dow Jones Industrial Average (.DJI) propped up by a recovery from Apple The Dow bounced back with a triple-digit win today, snapping a three-day losing streak in the process. The blue-chip index was propped up by a recovery from Apple (AAPL), while the number of newly confirmed coronavirus cases came in at their lowest level […]
Alphabet Inc. (NASDAQ:GOOG) is planning to move its British users’ accounts out of the control of European Union privacy regulators Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, sources said. The shift, prompted by Britain’s exit from the EU, […]
Tesla, Inc. (NASDAQ:TSLA) nets $2.31 billion in recent stock offering Tesla Inc. TSLA, +6.88% netted $2.31 billion in its recent stock offering, the company said in a filing late Wednesday. The company sold 2.65 million shares and the deal’s underwriters exercised in full the option to buy another 397,500 shares, Tesla said. Tesla jolted markets […]
United States Oil (USO) Export Story Has Really Just Started All told, the US could become the largest crude oil exporter within five years. While U.S. crude oil production has soared 160 percent to 13 million b/d in the shale-era since 2008, total demand has remained flat at 19-21 million b/d. In turn, exports of […]
Ethereum: USD/ETH (ETH=) Price To Hit $500 By End Of Year, Parabolic Rally Will Continue At the present price of $279, will Ethereum (ETH) bump the $500 region by the end of the year? So far, the top altcoin tried to recover from the sharp two-day selloff over the weekend. But once again, the resistance […]
Bitcoin: USD/BTC (BTC=X) processes $727B per year Bitcoin (BTC) is already processing 1% of the world’s GDP and the number is growing by “an order of magnitude” every halving cycle. According to statistician Willy Woo, who analyzed data from monitoring resource Coin Metrics, Bitcoin’s investment flow is $727 billion annually. BTC processes $727B per year […]
DAX PERFORMANCE-INDEX (.GDAXI) lifts off yesterday’s low The DAX rallied from 13,660 yesterday, but perhaps worryingly for the bulls the price looks to be creating a lower high at 13,760. Near-term targets are13,660 and 13,600. Below this, 13,450 and then 13,210 come into play as possible support. A move back above 13,760 leaves only the […]
Shanghai: SSE Composite Index (.SSEC) markets bounce back Hong Kong stocks ended the morning session higher on Wednesday on hopes for a limited economic fallout from the new coronavirus, which has killed more than 2,000 people. The Hang Seng Index rose 0.4 percent, to 27,651 by the break. On the mainland, the Shanghai Composite Index […]
Canadian Dollar: USD/CAD (CAD=X) Eyes FOMC Minutes & Canadian CPI Feb 19, 2020 8:30 AM +10:00 Rich Dvorak, Junior Analyst USD price action has risen an impressive 3.2% year-to-date according to performance in the US Dollar Index. The astounding ascent recorded by the US Dollar over the last several trading sessions has pushed the DXY […]
British Pound: USD/GBP (GBP=X) Breaks Down A Bit The British pound has initially broken above the 1.30 level, but then broke down below there for the session on Wednesday. Ultimately, the market is falling, but probably reflects the US dollar more than anything else. The British pound has done fairly well against other currencies so […]
Euro: USD/EUR (EUR=X) Decline Pauses The euro has been under a significant amount of pressure in the month thus far and has declined over two and a half percent against the greenback. EUR/USD has only posted one positive session over the last 12 and trades at lows not seen since early 2017. Economic sentiment in […]
Japanese Yen: USD/JPY (JPY=X) – Strengthens Over 109.938, Weakens Under 109.876 The Dollar/Yen is trading higher on Wednesday as a slight decline in the number of new coronavirus cases lifted risk appetite. The number of new virus cases fell for a second straight day, even as the death toll in mainland China crossed 2,000 on […]
Australian Dollar: USD/AUD (AUD=X) very unlikely to be able to rally The Australian dollar initially tried to rally during the trading session on Wednesday but struggled at the 0.67 handle. This level seems to be more or less a magnet for price, and it looks as if we are going to continue going lower eventually. […]
FTSE Bursa Malaysia KLCI (.KLSE) slips 0.19% as glove counters fall amid slowdown in Covid-19 infections he FBM KLCI slid 0.19% on Wednesday, weighed down by glove counters following a declining trend in new cases of Covid-19 infections. The benchmark index erased early gains to close 2.92 points lower at 1,534.16, dragged by profit-taking in […]
Singapore: STI Index (.STI) – Government announced a Budget which featured $5.6 billion to help firms Singapore stocks rose on Wednesday (Feb 19) morning, reversing their losses from the previous day when the Government announced a Budget which featured $5.6 billion to help firms, workers and households cope with the coronavirus (Covid-19) outbreak. The latest Budget […]
Gold 1 OZ (XAU=X) Markets Break Barriers Gold markets rallied significantly during the trading session showing signs of strength again as we have broken above the $1600 level. By doing so, the market looks as if it is ready to continue going higher, perhaps breaking above the most recent high just above that level. If […]
Silver 1 OZ 999 NY (XAG=X) show signs of exhaustion Silver markets have recently broken above the downtrend line on the chart that I have drawn, showing a resiliency that the market should continue to go higher. To the upside, the market reached towards the $18.50 level before pulling back a bit. Having said that, […]
Hong Kong: HANG SENG INDEX (.HSI) – Asia markets bounced back Asia markets mostly recovered on Wednesday after tumbling a day before, with investors closely monitoring China’s progress in returning to work as the country deals with the coronavirus outbreak. Oil prices also bounced back. Hong Kong’s Hang Seng index rose 0.47% in the afternoon. […]
Australia: S&P/ASX 200 (.AXJO) set to edge higher as Apple spooks markets The Australian sharemarket is poised to open slightly higher on a busy day on the reporting season calendar. At 7.30am AEDT, futures are pointing to a gain of 10 points, or 0.1 per cent, at the start of the session. 1. Apple’s downgrade […]
Apple Inc. (NASDAQ:AAPL) to miss revenue forecast as iPhone supply hit by coronavirus Apple announced Monday it would miss its March quarter revenue forecast and global iPhone supplies would fall because of the deadly coronavirus epidemic, triggering a fall in Asian stock markets. The COVID-19 death toll now exceeds 1,800 in China, where it has […]
NASDAQ Composite (.IXIC) Hits Another Closing High Despite Apple’s Warning You’d think an epic selloff was inevitable after learning that the coronavirus would impact Apple’s results, but instead stocks came well off their lows on Tuesday with one index even closing at a new high. Yesterday, the iPhone maker said that the sickness would pull […]
Dow Jones Industrial Average (.DJI) Drops Third Straight, Gold Breaks Out The Dow kicked off the holiday-shortened week with a third-straight loss. The blue-chip index finished down triple digits, gripped by Apple (AAPL) and the dire coronavirus warning against its guidance. The S&P 500 closed in the red as well, while the Nasdaq pared its losses […]
Alibaba Group Holding Limited (NYSE:BABA) CEO Daniel Zhang warns of a “black swan” event As China’s largest e-commerce company, it’s not surprising that Alibaba (NYSE:BABA) is concerned about the coronavirus. Before the bell on Feb. 13, the company reported fiscal third-quarter earnings of $2.61 a share on sales of $23.2 billion. Those figures soundly beat […]
Alphabet Inc. (NASDAQ:GOOG) healthcare and cloud segments are especially enticing Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL) shares have been in an uptrend in the last one year. During this period, Google stock has trended higher by 35%. It currently has a market capitalization of $1.04 trillion. Like any other equity, Google stock is likely to see periods of […]
Tesla, Inc. (NASDAQ:TSLA) Faces Huge Execution Risk Ahead, Analyst Says Stock Price Remains On Mars With Tesla Inc (NASDAQ: TSLA) stock “on another planet,” Cowen Equity Research said the company is now entering an execution phase that hasn’t historically been its strength. TSLA Price Action Tesla shares, which started the year at about $430 but recently […]
Twitter, Inc. (NYSE:TWTR) stock already reflects the website’s upcoming improvements Shares of Twitter (NYSE:TWTR) exploded higher in early February, as the social media company’s impressive fourth-quarter user growth boosted Twitter stock. The company’s Q4 results led investors to believe that its product innovations are improving the experience of its users, driving more users to the […]
Comparing Facebook, Inc. (NASDAQ:FB) and Pinterest Stocks in 2020 Feb 18, 2020 (Market Realist via COMTEX) — Facebook FB, +1.69% caused panic among Pinterest (PINS) investors on Thursday. Notably, the company sparked a sell-off in Pinterest stock. Pinterest PINS, -1.98% stock fell 1.67% on Thursday following news that Facebook released a rival app. In contrast, […]
United States Oil (USO) inches higher, but gains capped by widening economic impact of coronavirus outbreak Oil prices were slightly higher on Wednesday with gains limited by the widening economic impact from the coronavirus epidemic that started in China, although new confirmed cases fell for a second day in the province at the centre of […]
Ethereum: USD/ETH (ETH=) On The Charge According to the Tradingview.com charts, Ethereum hit a low of just below $245 yesterday which was down around 15% from its 2020 peak. Today, prices are back in bullish territory with a return to resistance at $270 over the past few hours trading. This equates to a solid 10% […]
Satoshi Nakamoto Net Worth: Bitcoin Founder Worth Around $10 Billion With 1 Million Bitcoin: USD/BTC (BTC=X) KEY POINTS Satoshi Nakamoto has an estimated net worth of $10 billion He or she allegedly owns 1 million BTC The true identity behind the name remains elusive Satoshi Nakamoto’s net worth is around $10 billion. However, the real […]
One of Vietnam’s leading providers of luxury hospitality services has sailed into uncharted waters with the launch of its inaugural cruise in Lan Ha Bay, situated just south of famed Halong Bay. A UNESCO biosphere, Lan Ha Bay is a geological extension of Halong Bay minus its large tourist numbers and home to 300-odd towering […]
Yoga fans and wellness enthusiasts will learn to master essential poses while calming their minds and re-energizing their bodies with new, multiple-day healthy yoga retreat packages at Azerai Can Tho. The retreats are for experienced practitioners and newcomers alike, and include 6 day/5 night (“Ultimate Yoga Retreat”) and 4 day/3 night (“Essential Yoga Getaway”) options. […]
DAX PERFORMANCE-INDEX (.GDAXI) Drops 0.8% But Bullish Trend Remains The Dax is trading 0.8% lower heading into the afternoon around session lows. Risk sentiment has taken a hit amid growing signs of the strains that coronavirus is having, not just on the Chinese economy but the global economy. Apple warns on profits Apple, considered one […]
UK FTSE 100 (.FTSE) tumbles on HSBC cutbacks, Apple warning London’s FTSE 100 slid to a two-week low on Tuesday, weighed down by a near 7% drop in financial heavyweight HSBC as traders sold stocks globally on the back of a earnings warning from tech giant Apple <AAPL.O> due to the coronavirus epidemic. The main […]
Shanghai: SSE Composite Index (.SSEC) Stock Recovery Nearing $1 Trillion Is Drawing Skeptics Concern is mounting over the speed of a nearly $900 billion rebound in Chinese equities that’s been driven by bets of sustained government support. The CSI 300 index of stocks in Shanghai and Shenzhen has climbed 10% since a record sell-off earlier […]
Canadian Dollar: USD/CAD (CAD=X) chart highlights uptrend correction On Feb 10, USD/CAD rallied to its highest price in four months at 1.3329. However, the market retreated last week as some bulls seemed to cut back. This week, the pair rebounded from 1.3225 – its lowest level nearly three weeks. Alongside that, the Relative Strength Index […]
British Pound: USD/GBP (GBP=X) Continues To Stagnate The British pound went back and forth during the trading session on Tuesday, and as a Great Britain continues to fight the effects of withdrawing from the European Union. Ultimately though, this is a pair that is also featuring the greenback, which is one of the strongest currencies […]
Euro: USD/EUR (EUR=X) continues to fall rather hard The Euro has broken down significantly during the trading session on Tuesday, breaking below the 1.08 handle, and a scene that is very interesting due to the fact that there seems to be no bottom in this market right now. The 1.0750 level underneath should offer a […]
Japanese Yen: USD/JPY (JPY=X) market is trying to reach towards the ¥110 level again The US dollar had initially pulled back a bit during the trading session on Tuesday, only to turn around and form a hammer like candle. This shows that the market is trying to reach towards the ¥110 level again, and I […]
Australian Dollar: USD/AUD (AUD=X) continues to plummet The Australian dollar continues to plummet as the US dollar attract quite a bit of money coming into the country. The US economy outperforms all of the other major once, so therefore it should not be surprised at all to see the Aussie dollar falling. Furthermore, the RBA […]
FTSE Bursa Malaysia KLCI (.KLSE) closes flat, techs under pressure after Apple caution Tech and semiconductor-related stocks came under pressure, in line with key Asian markets, after Apple Inc’s warning that it was unable to meet its March quarter sales forecast due to the Covid-19 coronavirus. The FBM KLCI was more resilient unlike recent days […]
Singapore: STI Index (.STI) Stock Market May Test Support At 3,200 Points The Singapore stock market on Thursday snapped the two-day winning streak in which it had advanced more than 60 points or 1.9 percent. The Straits Times Index now rests just above the 3,220-point plateau and it’s expected to open under pressure again on […]
Gold 1 OZ (XAU=X) Markets Continue To Look Bullish Gold markets have continued to look very bullish over the last several weeks, and at this point it looks as if the market is trying to get towards the $1600 level. The $1600 level above continues to offer plenty of resistance as it has been the […]
Silver 1 OZ 999 NY (XAG=X) Confirms Strength that Points to Higher Prices Silver showed new strength on Tuesday as it advanced above a minor swing high of $17.87. That was the next price point to watch where silver could see some resistance. It did not, and therefore the move gives a new sign that […]
Hong Kong: HANG SENG INDEX (.HSI) drops sharply over corporate profit warnings Hong Kong stocks closed sharply lower on Tuesday as the deadly new coronavirus took a toll on corporate earnings and economic growth. The Hang Seng Index fell 1.5 percent, to close at 27,530. On the mainland, the Shanghai Composite Index was up 0.1 […]
Australia: S&P/ASX 200 (.AXJO) shares fall as profit results pour in The Australian share market has finished marginally lower for a second day as investors digest local profit results in the absence of strong offshore leads. The benchmark S&P/ASX200 index closed Tuesday down 11.4 points, or 0.16 per cent, at 7,113.7, while the broader All […]
There are now almost 7000 Bitcoin: USD/BTC (BTC=X) ATMs Worldwide ATMs that support digital coins and cryptocurrency have increased parallel to the trend on the market since the beginning of the year, reports Bitcoin.com. With the promising start this year had with cryptocurrencies – Bitcoin itself has risen from a price of below $7000 since […]
Amazon.com, Inc. (NASDAQ:AMZN) Jeff Bezos Giving $10 Billion To Fight Climate Change; Second Biggest Charitable Gift In Recent History Amazon founder Jeff Bezos took some time off from being ribbed at the Oscars and purchasing pricey real estate to do something really big — announcing a massive private venture in the form of a $10 […]
Apple Inc. (NASDAQ:AAPL) warns sales to fall short of target due to coronavirus impact Apple Inc warned on Monday it was unlikely to meet a sales target set just three weeks ago amid lost production and weakening demand in China from the coronavirus outbreak. The illness has killed 1,770 in China and stricken some 70,500 […]
NASDAQ Composite (.IXIC) – Big tech gains aren’t ‘extraordinary’ after all The tech-heavy Nasdaq 100 index has soared almost 40 per cent over the last year, prompting various critics to complain of seemingly extraordinary gains driven by central banks’ easy money policies. That’s not the case, says Price Action Lab blogger Michael Harris. Yes, a […]
Tesla, Inc. (NASDAQ:TSLA) has ‘6 years lead over Toyota and VW’ in electronics, says new Model 3 teardown A new Tesla Model 3 teardown ordered by the Nikkei Business Publications came to the conclusion that Tesla is “6 years ahead of Toyota and VW” when it comes to electronics. Tesla has impressed many engineers who […]
Facebook, Inc. (NASDAQ:FB) facing a major challenge to its business model The market seems to be ignoring it, but Facebook is facing a major challenge to its business model. One so big in fact, that it is an esoteric threat to its whole way of making money (not to mention the rest of social media). […]
United States Oil (USO) prices fall as market weighs coronavirus demand impact Oil prices fell on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand. Brent crude LCOc1 was at $57.07 a barrel, down 60 cents, or 1%, by […]
Ethereum: USD/ETH (ETH=) Falls and Bounces off the Recent Breakout Level For the past two days, Ethereum’s upward move has been put on hold as ETH resumed retracement from the $290 resistance level. The pair has been overbought in the last two days as buyers were unavailable to push Ether upward. Sellers at the overbought […]
Bitcoin: USD/BTC (BTC=X) Price Manipulation: Binance CEO Reveals Truth About Exchanges Manipulating Prices Binance CEO Changpeng Zhao said that if exchanges manipulate BTC’s price, it would be “super high” Exchanges usually benefit more when the prices of cryptos are higher because it signifies that there is cheerful trading activity CZ also poked fun at those who […]
UK FTSE 100 (.FTSE) rises as Jupiter jumps on Merian takeover UK blue-chip stocks made marginal gains after two sessions in the red as China’s handling of the coronavirus epidemic eased fears, while mid-cap Jupiter Fund Management (JUP) rose on news the fund group is buying Merian Global Investors. In a quiet day for global stock […]
Shanghai: SSE Composite Index (.SSEC) stocks up despite virus jitters Hong Kong stocks ended the morning session higher on Monday, as investors mull the potential economic fallout from the spreading coronavirus. The Hang Seng Index rose 0.5 percent, to 27,940 by the break. On the mainland, the Shanghai Composite Index jumped 1.3 percent, to 2,955 […]
Canadian Dollar: USD/CAD (CAD=X) back to support, aided by a marginal pick-up in the price of oil The Canadian Dollar continues its recent outperformance against the US dollar and is currently pressing down on a noted support zone. USD/CAD has turned lower after hitting a four-month high last week, helped by a small rally in […]
British Pound: USD/GBP (GBP=X) Recovery Rally Blocked at 1.3050 Resistance GBP/USD was lifted higher last week after testing its 100-day moving average. The pair has made a notable recovery although the bearish momentum from earlier in the month stands to hinder further gains. The dollar index (DXY), while posting a second consecutive weekly gain, has […]
Euro: USD/EUR (EUR=X) Consolidates Near 33-Month Low EUR/USD posted a second consecutive weekly loss and fell to levels not seen since April 2017 last week. The euro was the weakest among the majors and a divergence is seen in the dollar index (DXY). The trade-weighted dollar index and EUR/USD typically carry a strong inverse relationship. […]
Japanese Yen: USD/JPY (JPY=X) showing signs of life The US dollar has initially dipped during the trading session on Monday, but then bounced enough to show signs of life again as the market continues to struggle with the idea of ¥110 as resistance. Ultimately, this is a market that moves right along with risk appetite, […]
Australian Dollar: USD/AUD (AUD=X) Slight Upside Bias The Australian Dollar is trading higher on Monday, helped by thin volume due to the U.S. bank holiday and the announcement of fresh stimulus from China. Earlier in the session, China’s central bank cut the interest rate on its medium-term lending, a move expected to pave the way […]
FTSE Bursa Malaysia KLCI (.KLSE) slightly lower at midday, bargain-hunters target bank stocks There was some bargain-hunting in bank stocks following the previous week’s sell-off although the FBM KLCI remained in negative territory for most of the morning session. At 12.30pm, the index had fallen 1.18 points to 1,543.28. Trading volume was 1.77 billion shares […]
Singapore: STI Index (.STI) stocks close 0.22 pct lower Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) going down 0.22 percent, or 7.03 points, to close at 3,213.00. A total of 1.61 billion shares changed hands with a turnover of 945.6 million Singapore dollars (about 680.6 million U.S. dollars). Losers […]
Gold 1 OZ (XAU=X) show signs of strength Gold markets have initially pulled back a bit during the week but showed enough support underneath the turn things around and show signs of strength. The $1600 level above is a target that should continue to be a bit of a target, and perhaps barrier at the […]
Hong Kong: HANG SENG INDEX (.HSI) stocks hit near 4-week high as China steps up support Hong Kong stocks rose to the highest level in almost four weeks on Monday as Beijing stepped up policy stimulus to cushion the economic impact from the coronavirus outbreak. The Hang Seng index closed up 0.5% at 27,959.60, after […]
Australia: S&P/ASX 200 (.AXJO) stocks rebound to finish almost flat The Australian stock exchange has bounced back from its early losses to finish the day nearly flat as the big banks dragged on the market. After slipping as low as 25.8 points, the benchmark S&P-ASX 200 index closed Monday down just 5.1 points, or 0.07 […]
Silver 1 OZ 999 NY (XAG=X) Bullish Breakout Silver strengthened on Monday as it reached a 10-day intraday high following a bullish breakout last Friday. In addition, last week’s high was exceeded providing an initial bullish signal on a weekly time frame. Bullish Breakout in Silver A breakout of a descending trend channel occurred last […]
Bitcoin: USD/BTC (BTC=X) ATMs start to spread At a 76 gas station on Ponce de Leon Avenue in Scottdale, manager Jimit Patel said between 10 and 15 people walk in to use the store’s bitcoin ATM each day. “They come in around the clock and they’re all young people,” Patel said. “The people who work […]
The Boeing Company (NYSE:BA) Stock Could Hit Share Prices of $400 Before 2021 The last time I weighed in on Boeing (NYSE:BA), I noted that the stock “appears to have priced in a substantial amount of fear and negativity. Many investors also believe Boeing stock has hit bottom.” That was on January 17, when BA […]
Amazon.com, Inc. (NASDAQ:AMZN) Stock Is a Buy if Not for the Coronavirus From a longer-term perspective, it’s not hard to hold a bullish opinion on Amazon (NASDAQ:AMZN). One of the most iconic technology firms in the world, AMZN revolutionized the concept of e-commerce. In doing so, the company transformed society. Yet even with its myriad […]
Dow Jones Industrial Average (.DJI) rises more than 80 points to a record as Wall Street extends winning streak Stocks rose to all-time highs on Thursday after China announced it will halve tariffs on a slew of U.S. products. Strong corporate earnings results and solid economic data also gave the major indexes a boost. The […]
Alibaba Group Holding Limited (NYSE:BABA) earnings soar but CEO warns that coronavirus could be ‘black swan’ Alibaba had a great quarter to close out 2019, with strong gains in revenue and earnings that topped analysts’ forecasts. The Chinese e-commerce giant managed to post a revenue gain of nearly 40% in the three months to December […]
Tesla, Inc. (NASDAQ:TSLA) Prices Its Second Offering of Stock at $767 Apiece As most know, the stock of Tesla(NASDAQ: TSLA) has been on a rocket ship move upward over the past six months, boosted by much-better-than-expected profitability metrics posted in the company’s third- and fourth-quarter earnings reports. While Tesla still hasn’t posted a full year […]
United States Oil (USO) investors brace for economic data in Asia due this week Oil prices edged lower on Monday as investors brace for economic data in Asia due this week that should give a reading on how China’s coronavirus epidemic has affected oil demand. Brent crude was at $56.99 a barrel, down 33 cents […]
Vitalik Buterin talks Ethereum: USD/ETH (ETH=) 2.0, DeFi, and community at ETHDenver Speaking at ETHDenver on Saturday – an annual blockchain hackathon conference hosted in Colorado – Ethereum co-founder Vitalik Buterin shared his views on decentralized finance, the development of Ethereum 2.0, and the Ethereum community as a whole. On decentralized finance, Buterin stated that as […]
The hot springs resort in Central Vietnam tunes guests health with detox and Reiki Alba Wellness Valley by Fusion is getting into the flow of things with new retreats that tap the healing powers of a geothermal spring at the resort’s heart. A Reiki Training and Sound Journey in March, a Hot Springs Detox Retreat […]
