Bitcoin: USD/BTC (BTC=X) Drops Below $4,000 as Key Resistance Level Holds At the time of writing, Bitcoin is trading down 1.5% at its current price of $3,960 and just recently dropped below its key support level that had been previously established at approximately $4,000. Over the past week, Bitcoin has been coiling tightly within approximately $4,000 and $4,050 before […]
Twitter, Inc. (NYSE:TWTR) stock has more than 15% upside potential Last week ended on a sour note for stock prices. The rally in bonds that the U.S. Federal Reserve started with their uber dovish statement took its toll on the indices. It’s typical that stocks and bonds move inversely to each other. Among the wreckage […]
Wall Street increasingly bearish on Tesla, Inc. (NASDAQ:TSLA) Model 3 first-quarter deliveries Tesla Inc. got another bearish signal on Monday, with a second analyst in recent days dialing down price targets and casting doubts on the company’s hopes for deliveries of the Model 3. Analysts at RBC Capital, led by Joseph Spak, cut their price […]
United States Oil (USO) lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela Oil prices edged up on Tuesday, lifted by supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, but signs of a sharp economic slowdown and potentially even a recession kept […]
Dow Jones Industrial Average (.DJI) closely-watched yield curve inverted for the first time in 12 years Stocks experienced a brutal selloff Friday after a closely-watched yield curve inverted for the first time in 12 years, sending a strong signal that the U.S. economy was heading toward recession. As Hacked reported Friday, the spread between the 3-month Treasury […]
Amazon.com, Inc. (NASDAQ:AMZN) stock is still growing and looking for new ventures to put its name on All right, so Amazon hasn’t exactly been blazing any trails in the first quarter of 2019’s contest — it currently sits in fourth place, in fact. But take heart, because A. there are still three quarters to go […]
Alphabet Inc. (NASDAQ:GOOG) expanding footprint in the online payment industry on the back of partnerships Alphabet’s division, Google is expanding footprint in the online payment industry on the back of partnerships, which is evident from its latest move. The company teamed up with eBay to offer the online payment app called Google Pay as one […]
Netflix, Inc. (NASDAQ:NFLX) stock rallies Shares of Netflix Inc. NFLX, +1.45% rallied 1.3% toward fresh intraday highs in afternoon trade Monday, reversing earlier losses, after Apple Inc. AAPL, -0.03% announced its rival new Apple TV+ service. The new service will include original programming, and offer suggestions for shows and movies from over 150 streaming apps, […]
NASDAQ Composite (.IXIC) lingering fears on global growth The S&P 500 Index ended a choppy session slightly lower on Monday as worries about a slowdown in global economic growth lingered and as Apple Inc shares fell after the company unveiled its video streaming service. Indexes moved between negative and positive territory throughout the session, with […]
The Boeing Company (NYSE:BA) Stock Remains a Strong Buy Boeing BA shares had been on a bit of a decline before the deadly Ethiopian Airlines crash involving the aerospace power’s 737 MAX aircraft. Despite the deadly incident and the current investigation into the cause of the Ethiopian crash, Boeing stock remains a strong buy and its shares popped over […]
Apple Inc. (NASDAQ:AAPL) stock could get a serious lift from its Services business It will be a very interesting next few years for Apple (NASDAQ:AAPL) as the company continues to pivot its business model. We’ve seen a more than 40% haircut in Apple stock from its fourth-quarter highs to its lows. That’s an extreme fluctuation for any […]
Australian Dollar: USD/AUD (AUD=X) market looks set to continue to rally The Australian dollar has initially pulled back on Monday but found enough buying pressure underneath the turn things around and rally significantly. By doing so, the market looks as if it continues to see the same attitude overall, simply buying dips as they occur. That […]
Singapore: STI Index (.STI) inflation data lift odds of April pause by MAS Singapore consumer prices rose less than expected in February, giving the central bank more room to align itself with its regional peers and stand pat when it reviews monetary policy next month. According to the Department of Statistics, the consumer price index […]
British Pound: USD/GBP (GBP=X) Diminished odds for further GBP weakness After dropping sharply to 1.3004 last Thursday (21 Mar), GBP staged a surprisingly robust rebound and hit a high of 1.3224 on Friday. The high was just a few pips below our 1.3230 ‘key resistance’. While the ‘key resistance’ is still intact, the price action […]
Hong Kong: HANG SENG INDEX (.HSI) investors fled equities on growing fears about a U.S. recession Hong Kong stocks posted their worst day in nearly three months on Monday, tracking a global selloff, as investors fled equities on growing fears about a U.S. recession, and on caution ahead of fresh U.S.-China trade talks. The Hang […]
Silver 1 OZ 999 NY (XAG=X) forecasts include a low of $12.25 and a high of $20 Silver price predicted to increase by over 4 percent in 2019 to average $16.28 an ounce. The range of forecasts include a low of $12.25 and a high of $20 for the metal. Platinum is also predicted to […]
Australia: S&P/ASX 200 (.AXJO) investors fretted that the moves in the bond market signalled another brake on profits A record low for the Australian 10-year government bond yield prompted a sharp sell-off in Australian bank shares as investors fretted that the moves in the bond market signalled another brake on profits. Financials were the worst-performing sector in […]
Gold 1 OZ (XAU=X) prices rise as the euro zone exacerbates fears of a global slowdown Gold prices are up as weak economic data from the euro zone exacerbates fears of a global slowdown, weighing on risk sentiment and putting bullion on track for its best week in nearly two months. Spot gold climbed about […]
Japanese Yen: USD/JPY (JPY=X) U.S. yield curve inverted The euro gained on Monday as a stronger-than-forecast German business confidence survey allayed some fears about a recession and pulled the safe-haven yen from a six-week high against the dollar. Financial markets around the globe were roiled on Friday, stemming from anxiety about an economic downturn after […]
Euro: USD/EUR (EUR=X) is likely to trade sideways While we indicated last Friday (22 Mar) that “in order to maintain the current momentum, EUR could not afford to ‘dither’ as it would greatly decrease the prospect for further EUR strength”, the subsequent large decline of more than -0.50% (NY close of 1.1313, -0.52%) came as […]
The Boeing Company (NYSE:BA) 737 Max Down For Another Month? American Airlines cancelled flights related to the Boeing 737 MAX through April 24. That’s roughly 90 American Airlines flights per day. That suggests that the U.S. won’t clear the 737 Max for at least another months. U.S. air safety regulators tentatively approved Boeing 737 Max software and […]
Dow Jones Industrial Average (.DJI) Futures Reverse Lower Dow Jones futures reversed lower Sunday night, along with S&P 500 futures and Nasdaq futures, signaling no rebound after global growth fears slammed the current stock market rally Friday. Special Counsel Robert Mueller found no Trump collusion with Russia to influence the 2016 presidential campaign. China trade […]
Tesla, Inc. (NASDAQ:TSLA) prices continue to bounce up and down; hike will take effect midnight April 1 Prices on all Tesla Inc. inventory cars will rise by about 3% on April 1, Chief Executive Elon Musk said Sunday. In a series of tweets, Musk said the price hike will take effect at midnight, April 1 […]
NASDAQ Composite (.IXIC) market will continue to experience up-and-down swings Investors were certainly paying attention Friday. The Dow plunged 460 points, or 1.8%, to close at 25,502.32 Friday, while the S&P 500 index lost 1.9%. The tech-heavy Nasdaq Composite Index saw an even bigger decline, losing 2.5%. Indeed, the market will continue to experience up-and-down swings. […]
Alphabet Inc. (NASDAQ:GOOG) Regulatory risk is rising Of course, many would argue that the push to crack down on tech is an example of punishing success. Big doesn’t have to be bad. And these tech giants were built on American ingenuity.Nonetheless, Wall Street is starting to grow worried about a looming tech crackdown. Facebook,mired in […]
United States Oil (USO) prices dropped by almost 1 percent Oil prices dropped by almost 1 percent on Monday, with concerns recession could be looming outweighing supply disruptions from OPEC’s production cutbacks and from U.S. sanctions on Iran and Venezuela. Brent crude oil futures were at $66.56 per barrel at 0410 GMT, down 47 cents, […]
Bitcoin: USD/BTC (BTC=X) Risk of Break Grows Recently, bitcoin price rebounded nicely after trading as low as $3,872 against the US Dollar. The BTC/USD pair gained traction and traded above the $3,940 and $3,960 resistance levels. However, the $4,000 level acted as a strong resistance and prevented further gains. A swing high was formed near $3,999 and […]
Facebook, Inc. (NASDAQ:FB) is losing more of its top leaders this year It’s no secret that Facebook (NASDAQ: FB) had a rough 2018, defined by a series of data and privacy scandals. During the year, the social media giant lost 10 of its top executives. Some of the more high-profile exits included Instagram co-founders Kevin Systrom and […]
Apple Inc. (NASDAQ:AAPL) anticipated to unveil two new offerings This week, Apple (AAPL) is expected to continue its campaign to try and convince investors that its future is in services rather than hardware. The tech giant is widely anticipated to unveil two new offerings at its Monday special event: a video streaming service and news […]
Dow Jones Industrial Average (.DJI) Signal Triple-Digit Plunge Dow Jones Industrial Average futures had pared earlier losses but still lost 90 points or 0.35 percent, implying an opening bell plunge of 137.67 points. S&P 500 futures lost 9.5 points or 0.34 percent, and Nasdaq futures shed 29.25 points or 0.39 percent as the US stock […]
Facebook, Inc. (NASDAQ:FB) found that the passwords were stored in a readable format Facebook Inc. disclosed a flaw on its social network that made passwords of hundreds of millions of users visible to employees and said the issue has now been fixed. During a security review in January, Facebook found that the passwords were stored […]
United States Oil (USO) as economic growth concerns weighed on sentiment Oil prices eased from 2019 peaks on Friday as economic growth concerns weighed on sentiment, pausing a three-month rally driven by OPEC-led supply cuts and U.S. sanctions against Iran and Venezuela. Brent crude oil futures were at $67.72 per barrel at 0419 GMT, down […]
Bitcoin: USD/BTC (BTC=X) dominance slips despite price gain According to CoinMarketCap data, the BTC market dominance now stands at 50.8 percent. This figure represents the lowest market dominance since mid-August 2018. Data shows that Bitcoin’s share of the total cryptocurrency market capitalization has been sliding downwards since the latter part of January 2019. The drop in market […]
The Boeing Company (NYSE:BA) a buy? Aerospace-Defense Aerospace and Defense are far from mature with innovation being the bedrock for this industry. I see only growth for those companies leading in this space. Over the past year, this industry’s equity prices have been up and down ending up close to flat for the year. I […]
NASDAQ Composite (.IXIC) Tech Sector Strength Sparks Rally The Dow bounced back after Wednesday’s Fed-inspired drubbing , surging more than 200 points as Apple (AAPL ) stock extended its red-hot price action. Tech sector strength was underscored by a positive earnings reaction for Micron ( MU ), which helped boost blue-chip semiconductor stock Intel ( INTC ) nearly 2% higher on the day. Against this backdrop, […]
Apple Inc. (NASDAQ:AAPL) stock surpasses its 200 day moving average This was the first time Apple shares surpassed the 200-day moving average since Nov. 16 on an intraday trading basis. Apple’s stock is up more than 23 percent this quarter, on pace for its best quarter of trading since the first quarter of 2017. Additionally, […]
Amazon.com, Inc. (NASDAQ:AMZN) house brand Belei joins rivals such as Kylie Cosmetics and Glossier Amazon.com Inc. is making a play for the beauty category with a new line of skin-care products at a time when digitally-native brands are driving sales across the sector. Amazon’s AMZN, +1.22% Belei features a dozen items including a charcoal balancing […]
Tesla, Inc. (NASDAQ:TSLA) owners can again benefit when they refer friends to buy the electric cars Tesla Inc. relaunched its customer-referral program Thursday night, offering new rewards for purchases. In a blog post, Tesla TSLA, +0.15% said both the referrer and the buyer will get 1,000 miles of free Supercharging per purchase, and be entered […]
Shanghai: SSE Composite Index (.SSEC) stocks end higher on dovish Fed stance Shanghai stocks edged higher on Thursday, after the U.S. Federal Reserve took a more accommodative stance at its policy meeting. The blue-chip CSI300 index was unchanged at 3,836.89 points, while the Shanghai Composite Index closed up 0.3 percent at 3,101.46 points. In comments […]
British Pound: USD/GBP (GBP=X) Plunges as Macron Warns of N0-Deal Brexit Risk Comments from French President Emmanuel Macron prompted the Pound Sterling to US Dollar (GBP/USD) exchange rate to lose further ground this afternoon. As Macron warned that the UK could see a no-deal Brexit if MPs reject Theresa May’s deal once again Pound Sterling […]
Japanese Yen: USD/JPY (JPY=X) softness in the greenback The US dollar has pulled back a bit during the trading session again on Thursday, reaching towards the ¥110 level, an area that is major support. The moving averages above of course cause some noise in general, right around the ¥111 level. Ultimately, the market should continue to […]
Australia: S&P/ASX 200 (.AXJO) back in black The Australian share market had another volatile day of trade, temporarily starting in the black and continuing to fall throughout the session, until after 3.30pm, when the local bourse galloped back to the black. It comes as the mining sector started to strengthen, as concerns began to ease […]
Silver 1 OZ 999 NY (XAG=X) bulls were fueled by a dovish stance taken by the U.S. Federal Reserve Gold and silver prices are modestly up at midday Thursday, but well down from their daily highs that saw three-week highs in earlier U.S. trading. The precious metals bulls were fueled by a surprisingly dovish stance taken by the […]
Euro: USD/EUR (EUR=X) recovery faces yearly open resistance at 1.1445 The Euro rally is now testing yearly open / slope resistance and leaves the immediate recovery vulnerable while below 1.1445. From a trading standpoint, we’re looking for signs of support while above 1.1232. If price has indeed turned a corner. That said, a break below […]
New Zealand Dollar: NZD/USD (NZD=X) to strengthen further We have held the same view since last Tuesday (12 Mar, spot at 0.6835) wherein we expected NZD to trade sideways within a 0.6750/0.6885 range. Over the past couple of days, we warned that “the prospect for a break of 0.6885 first appears to be higher but […]
Hong Kong: HANG SENG INDEX (.HSI) investors welcomed dovish comments from the Federal Reserve Hong Kong stocks kicked off on Thursday with gains as investors welcomed dovish comments from the Federal Reserve and an indication that it will not lift interest rates this year. The Hang Seng Index gained 0.16 per cent, or 48.36 points, […]
Gold 1 OZ (XAU=X) solid technical resistance at $1,330.00 Technically, April gold futures bulls have the overall near-term technical advantage. A three-week-old uptrend is in place on the daily bar chart. Gold bulls’ next upside near-term price breakout objective is to produce a close above solid technical resistance at $1,330.00. Bears’ next near-term downside price […]
Australian Dollar: USD/AUD (AUD=X) showing signs of weakness The Australian dollar initially rallied during the trading session on Thursday, showing signs of bullish pressure. However, we still have a lot of drama when it comes to the US/China situation, and therefore it’s likely that this pair will struggle as the Australian dollar will continue to be […]
Alphabet Inc. (NASDAQ:GOOG) hit with a $1.7 billion antitrust fine for harming competition in online advertising The European Union on Wednesday hit Google-parent Alphabet (GOOGL) with a $1.7 billion antitrust fine for harming competition in online advertising, marking the third penalty issued against the internet giant by the EU. Google stock climbed despite the latest EU […]
Facebook, Inc. (NASDAQ:FB) contending with a growing array of bi-partisan criticism Facebook Inc. is contending with a growing array of bi-partisan criticism and fresh regulatory issues which may pose increasing risk to its unique advertising-revenue-based business model, analysts say. In recent days, President Trump tweeted that the company is “sooo on the side of the […]
E-commerce juggernaut Amazon.com, Inc. (NASDAQ:AMZN) just keeps on rolling Amazon.com (NASDAQ:AMZN) stock has garnered a fair number of headlines lately, as usual. But this time around some of those headlines were a bit surprising. The most interesting was Democratic presidential hopeful Senator Elizabeth Warren suggesting that the big tech firms — Google (NASDAQ:GOOG, NASDAQ:GOOGL), Facebook (NASDAQ:FB) […]
United States Oil (USO) spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts US oil prices have spiked 40% since Christmas Eve thanks to OPEC’s aggressive production cuts. Crude’s recovery from last year’s bear market hit another milestone on Wednesday. Oil topped $60 a barrel for the first time since November 9. The […]
Dow Jones Industrial Average (.DJI) closed lower after the Federal Reserve’s latest monetary-policy announcement The Dow Jones Industrial Average and S&P 500 closed lower on Wednesday after the Federal Reserve’s latest monetary-policy announcement dragged Treasury yields lower, pushing bank shares down. Goldman Sachs led the 30-stock Dow to end the day down 141.71 points at […]
NASDAQ Composite (.IXIC) shares dip in wobbly session A gauge of stocks across the world fell on Wednesday as a boost from a dovish Federal Reserve was not enough to offset concerns over economic growth and U.S.-China trade talks. Sterling fell after British Prime Minister Theresa May said she was not prepared to delay Brexit […]
Apple Inc. (NASDAQ:AAPL) stock is finally a short after its monster rally in 2019 Apple (NASDAQ:AAPL) stock finally showed some weakness Tuesday after its double-digit move higher off of its January low. Beginning the year with a thud, AAPL stock has now tacked on more than 40 points! While, certainly, Apple’s rally was warranted, considering its […]
Bitcoin: USD/BTC (BTC=X) Trades Sideways Above $4,000 At the time of writing Bitcoin is trading up nominally at its current price of $4,070 and is up slightly from its daily lows of $4,030. Ever since BTC pushed above $4,000 last Friday, the cryptocurrency’s upwards momentum has stalled, leading it to trade in an incredibly tight trading range […]
Twitter, Inc. (NYSE:TWTR) Climbs Despite Lawsuits Twitter saw its stock climb 3% despite rising attention to a lawsuit from a member of Congress. Republican Rep. Devin Nunes of California named the social media giant as a co-defendant in a suit filed on Monday in a Virginia state court alleging $250 million in compensatory and punitive […]
Netflix, Inc. (NASDAQ:NFLX) chart formed a ‘golden cross’ Netflix is set to gain a new competitor next week when Apple will reportedly unveil its streaming platform. Netflix shares have risen slightly in the past week and are up 35 percent this year. They are the best performers of the FANG stocks. Miller Tabak equity strategist Matt Maley said the name […]
The Walt Disney Company (NYSE:DIS) new streaming offering is likely to be the key driver Today is historic for Disney (NYSE:DIS) stock, as the company closed its $71 billion acquisitionof assets of Twenty-First Century Fox (NASDAQ:FOX). For Disney CEO Robert Iger, the deal had its challenges. Keep in mind that Disney’s rival, Comcast, (NASDAQ:CMCSA) tried to buy the Fox assets. But Iger […]
Tesla, Inc. (NASDAQ:TSLA) Stock Remains Strong It has been a rough few months for Tesla (NASDAQ:TSLA). Just as it seemed that Tesla stock was ready to roar to permanent, new highs due to its successful ramp of Model 3 production and a hugely profitable third quarter, TSLA stock started moving in the opposite direction. Ever since […]
Shanghai: SSE Composite Index (.SSEC) index is above its 50-day moving average and above its 200-day moving average Chinese stocks were little changed on Wednesday ahead of the Federal Reserve’s interest rate decision later in the day and on uncertainty surrounding Sino-US trade negotiations. The Shanghai Composite index was flat at 3,090.64 points. The blue-chip […]
Japanese Yen: USD/JPY (JPY=X) Still Eyes 112 Resistance The Japanese Yen has yet to surrender a key short-term psychological resistance point to the US Dollar, but it may do so very soon. USD/JPY remains well within the uptrend channel which has bounded trade for much of this year. However, the JPY112.00 level has capped the market. The pair […]
Hong Kong: HANG SENG INDEX (.HSI) stocks were hit by a new wave of uncertainty on the U.S.-China trade front following a series of conflicting reports Shares in major Asian stock markets mostly slipped on Wednesday following a series of conflicting reports on U.S.-China trade that surfaced overnight. The broad MSCI Asia ex-Japan index slipped […]
Australian Dollar: USD/AUD (AUD=X) Job vacancies fall Australia’s Westpac leading index came in flat in February, falling from an upwardly-revised +0.1% reading in January, despite firmer commodity prices. In addition, skilled vacancies in February fell 0.9% m/m, escalating January’s revised 0.5% decline. The Australian jobs markets has been one of the more robust parts of […]
Australia: S&P/ASX 200 (.AXJO) trade war worries left investors trading defensively Australian shares closed lower on Wednesday as trade war worries left investors trading defensively. The S&P/ASX 200 Index fell 22.5 points, or 0.4 per cent, to 6165.3, while the broader All Ordinaries slid 24.8 points, or 0.4 per cent, to 6251.8. An air of […]
Silver 1 OZ 999 NY (XAG=X) prices lurched lower on a slump in demand by industrial units and coin makers Gold prices fell in futures trade on Wednesday, hit by weak demand at the spot market and lacklustre trend in overseas markets. In the global markets, gold fell on account of the dollar’s rise against […]
Singapore: STI Index (.STI) possible trade talk friction Most Southeast Asian stock markets fell on Wednesday as signs suggesting possible hurdles in U.S.-China trade talks curbed risk sentiment, while anticipation of the U.S. Federal Reserve policy decision also kept investors on the sidelines. Bloomberg had reported that negotiators in the U.S. were concerned that China […]
British Pound: USD/GBP (GBP=X) unchanged after mixed job numbers GBP/USD is steady in the Tuesday session. In the North American session, the pair is trading at 1.3265, down 0.09% on the day. There are no major U.S. events on the schedule. British employment numbers were mixed. On Wednesday, the U.K. releases a host of inflation […]
Euro: USD/EUR (EUR=X) upside should be limited Outlook in EUR/USD remains unchanged. Further rise could be seen with 1.1294 minor support intact despite loss of upside momentum. But upside should be limited below 1.1419 resistance to complete the corrective rebound from 1.1176. On the downside, below 1.1294 minor support will turn bias to the downside […]
Gold 1 OZ (XAU=X) rallies on slower US growth forecast Gold prices moved higher on Tuesday, as the dollar weakened despite rising US yields. The EUR/USD whipsawed higher, despite a mixed ZEW survey which showed that future conditions are expected to get better. The CNBC Fed survey for March shows weaker global growth pointing to […]
Facebook, Inc. (NASDAQ:FB) most bearish it’s been since 2013 Facebook stock is now about 27 percent lower than its July all-time high, and Street sentiment — as measured by the number of hold and sell ratings — is the most bearish it’s been since 2013, based on FactSet estimates. While growing skepticism can sometimes be a […]
NASDAQ Composite (.IXIC) gives up gains on news of troubled trade talks The benchmark S&P 500 index ended little changed on Tuesday as investor optimism regarding the Federal Reserve’s expected affirmation of its dovish policy stance was offset by reports of fault lines emerging in ongoing U.S.-China trade negotiations. Financial stocks weighed on all three […]
Tesla, Inc. (NASDAQ:TSLA) Elon Musk’s dispute with the SEC is an “overhang” on the stock Tesla CEO Elon Musk’s habit of sparring with federal securities regulators is making Wall Street nervous. Tesla shares seesawed Tuesday, falling by as much as 2.2 percent before recovering, hours after the Securities and Exchange Commission doubled down on its allegation that Musk “blatantly […]
Twitter, Inc. (NYSE:TWTR) Clean Up Strategy Makes It A Winner Twitter (NYSE:TWTR) had a remarkable run last year. In the face of extreme negativity about social media stocks, the company outperformed its main rival Facebook (NASDAQ:FB), gaining 20% as Facebook plunged 26%. But that period of outperformance is losing its steam. After last year’s rally, […]
Forget streaming full games, Apple Inc. (NASDAQ:AAPL) wants to curate highlights as they’re happening If Apple Inc. gets its way, you might never miss a sports highlight again. According to a report published Tuesday by Sports Illustrated, the tech giant has a team of a dozen workers constantly watching a variety of sports — in […]
Bitcoin: USD/BTC (BTC=X) Still in Correction Mode Bitcoin is still consolidating after its recent test of the ascending channel resistance, keeping the correction going. Price seems to have bounced off the 38.2% Fibonacci retracement level but might still be due for a larger dip. The 100 SMA is above the longer-term 200 SMA to indicate […]
Amazon.com, Inc. (NASDAQ:AMZN) new grocery stores will be a positive catalyst for AMZN stock When Amazon (NASDAQ:AMZN) bought Whole Foods Market about a year ago, the major grocery chains shuttered in disbelief and their stocks retreated. After all, when AMZN sets its sights on you, the results are usually not too good. And over the last year […]
United States Oil (USO) prices touch 2019 highs, supported by OPEC Oil prices were little changed after hitting 2019 highs on Tuesday, maintaining recent strength on the back of expectations for OPEC to continue production cuts. U.S. oil prices have climbed 9 percent in the last six weeks, as the supply cuts are now expected to continue […]
Dow Jones Industrial Average (.DJI) investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations The Dow Jones Industrial Average closed lower for the first time in five days on Tuesday, led by declines in Apple, while investors puzzled over conflicting reports over the progress of U.S.-China trade negotiations. The 30-stock Dow fell 26.72 points […]
Alphabet Inc. (NASDAQ:GOOG) confirmed the firm won a deal for its game streaming platform Advanced Micro Devices spiked 11.8 percent Tuesday after Google confirmed the firm won a deal for its game streaming platform. Google unveiled the platform in an event Tuesday, where it shared its plans for a new gaming service called Stadia. The rally brought AMD’s market cap […]
Netflix, Inc. (NASDAQ:NFLX) Execs Welcome Competition From Apple On the surface, the comment sounded amiable enough. At a press event Monday, Netflix (NASDAQ:NFLX) CEO Reed Hastings said that while “Apple (NASDAQ:AAPL) is a great company…we prefer to let our customers watch our content on our service. We have chosen not to integrate with their service.” […]
Australian Dollar: USD/AUD (AUD=X) housing data disappointed Aussie buyers RBA’s pessimism and soft housing market data couldn’t disappoint Aussie buyers as risk sentiment remains strong. 0.7130/35 comprising 50-day SMA acts as immediate resistance contrast to 0.7050 support. The Australian Dollar (AUD) is taking the bids around 0.7100 versus the US Dollar (USD) during early Tuesday. […]
Gold 1 OZ (XAU=X) higher as investors respond to a slightly weaker U.S. Dollar Gold futures are trading marginally higher on Monday as investors respond to a slightly weaker U.S. Dollar. Volume is low, however, as many major players are taking to the sidelines ahead of the start of the Fed’s two-day meeting which begins […]
Euro: USD/EUR (EUR=X) upside should be limited below 1.1419 resistance EUR/USD’s rebound from 1.1176 could extend higher but it’s still viewed as a corrective move. Hence, upside should be limited below 1.1419 resistance to bring down trend resumption. On the downside, below 1.1294 minor support will turn bias to the downside for 1.1176 low first. […]
British Pound: USD/GBP (GBP=X) market movement depends upon the UK labor market report The financial markets exhibited thin volatility in the wake of a national holiday in the United States. Well, the traders are back and the economic calendar is also loaded with some high impact economic events. Most of the focus will remain on […]
Hong Kong: HANG SENG INDEX (.HSI) awaiting Fed meeting Shares in Asia mostly traded lower on Tuesday afternoon, ahead of a closely watched meeting by the U.S. Federal Reserve set to kick off later in the day stateside. Mainland Chinese shares ended the morning session mostly lower, with the Shanghai composite slipping 0.22 percent and the Shenzhen component declining […]
Japanese Yen: USD/JPY (JPY=X) bias remains neutral Consolidation from 112.13 is still in progress and intraday bias remains neutral first. As long as 110.35 support hold, near term outlook remains bullish. On the upside, break of 112.13 will resume the rally from 104.69 to 114.54 resistance next. However, firm break of 110.35 should confirm near […]
Australia: S&P/ASX 200 (.AXJO) shares are poised to open higher It was another day of erratic day of trade in and out of the red on the Australian sharemarket as investors tussled with accelerating domestic house price falls and a slightly “dovish” tilt in the Reserve Bank’s rate outlook. The news prompted a bearish “inversion” […]
Singapore: STI Index (.STI) traders await central bank meetings Asian equities drifted Tuesday as traders awaited central bank meetings amid expectations of dovish signals to monetary policy. The dollar steadied after its recent decline. Stocks posted modest losses in Japan and China and were little changed in Australia and Hong Kong. U.S. futures were little […]
Alphabet Inc. (NASDAQ:GOOG) reported earnings don’t tell the whole story Unlike most large-cap public companies, Alphabet (NASDAQ:GOOG,GOOGL), more commonly referred to as Google, doesn’t report adjusted earnings. That’s not necessarily a problem for Google stock — even as it trades at a five-month high. But understanding the actual underlying business is key to understanding GOOGL […]
Silver 1 OZ 999 NY (XAG=X) showing signs of life again The silver market initially pulled back during the trading session on Monday but found buyers to push higher as the market has seen plenty of volatility in this market, as we continue to see a lot of questions about the Federal Reserve and what […]
Shanghai: SSE Composite Index (.SSEC) shares edge lower on profit-taking China’s main stock indexes ended lower on Tuesday, pulling back from near 6-1/2-month highs in the previous session, on profit taking, but losses were limited by hopes for continued government support for the economy and a dovish U.S. Fed. The Shanghai Composite index fell 0.18 […]
Amazon.com, Inc. (NASDAQ:AMZN) stock has been relatively weak in 2019, but investors shouldn’t worry about AMZN too much Amid the big, broad rally in tech stocks in 2019, one not-so-insignificant factoid that has been largely swept under the rug is that the godfather of all tech stocks, Amazon (NASDAQ:AMZN), has actually been a laggard this year. […]
Facebook, Inc. (NASDAQ:FB) falls after concerns that a shift in company direction and executive departures will negatively impact its valuation Facebook stock fell Monday as a Wall Street analyst downgraded the social networking giant on concerns that a shift in company direction and executive departures will negatively impact its valuation. Facebook stock fell 3.3%, closing […]
Tesla, Inc. (NASDAQ:TSLA) shares have taken a wrong turn Tesla shares have taken a wrong turn. The stock has tumbled more than 17 percent this year with losses accelerating last week following a mediocre reception to its Model Y unveiling. It is now 29 percent off its record high set in September 2017. One technical analyst […]
Apple Inc. (NASDAQ:AAPL) decline fueled by slowing iPhone sales Apple suffered one of the hardest hits among the FAANG grouping, dropping 38% from its peak last October to a low of $141 just after the new year. The decline was fueled by slowing iPhone sales, the ongoing contraction in Chinese consumer demand, and concerns over […]
Twitter, Inc. (NYSE:TWTR) testing a plethora of features on its Beta app “twttr” Twitter is testing a plethora of features on its Beta app “twttr”, in a bid to improve the design of a conversation and make the application more interactive. The company launched the prototype app to test new ideas and get feedback from […]
NASDAQ Composite (.IXIC) tech stocks helped lead Wall Street higher Banks and tech helped lead Wall Street higher on Monday, while Boeing and Facebook were a drag and investors eyed this week’s U.S. Federal Reserve meeting for affirmation of its commitment to “patient” monetary policy. Following the S&P 500’s best week since November, the benchmark index ended […]
Dow Jones Industrial Average (.DJI) shakes off Boeing woes U.S. stocks closed modestly higher Monday, as investors prepared for a meeting of Federal Reserve policy makers to begin Tuesday, while losses for aircraft maker Boeing again dragged on the Dow Jones Industrial Average but didn’t stop the blue-chip gauge from scoring its fourth straight gain. […]
Bitcoin: USD/BTC (BTC=X) technicals indicate a bearish trend was forecast for the coin The largest cryptocurrency in the market, Bitcoin [BTC], saw the bull make an entry and lift the coin’s prices. However, this was a short-lived trend as the coin fell in the past hour, at the time of writing. The token was valued at […]