Ethereum: USD/ETH (ETH=) continues the flat movement, Uncertain of uptrend move The ETH/USD pair is fluctuating between the levels of $136 and $157. This is a sequel to the breaking out of the larger price range of $160 and $200. The coin is trading in the smaller price range. The bulls have made attempt to […]
Twitter, Inc. (NYSE:TWTR) brings back election labels for 2020 US candidates Twitter is bringing back special labels to help users identify accounts and tweets from U.S. political candidates. The company, which first used such labels for the midterms last year, said it is trying to provide users with original sources of information and prevent spoofed […]
Alphabet Inc. (NASDAQ:GOOG) legal chief unloaded about $145 million of stock Alphabet Inc. legal chief David Drummond unloaded about $145 million of stock — his biggest share sale on record — in the weeks before co-founder Larry Page stepped down as chief executive officer. Drummond sold $72 million of stock in early November and an […]
Tesla, Inc. (NASDAQ:TSLA) shows strength amid analyst’s 1k Model Y weekly production update Tesla shares (NASDAQ:TSLA) are up as a longtime bull provided a quick update on the upcoming Model Y crossover, stating that the electric car maker plans to produce 1,000 units of the vehicle per week to start. This is a bit conservative […]
United States Oil (USO) market still unbalanced despite OPEC+ cuts Additional cuts by the powerful OPEC group of oil producers and its allies may not be enough to eliminate a glut of crude on the global market, the IEA warned on Thursday. Meanwhile, energy consumption by China is bounding higher – a signal that the […]
Facebook, Inc. (NASDAQ:FB) stock takes a beating on report that the FTC might thwart its grand unification plans News that regulators might do some significant regulating quickly sent Facebook investors into a mild panic on Thursday afternoon. According to an anonymously sourced report by the Wall Street Journal, the Federal Trade Commission is “considering seeking a preliminary […]
The Evolving Bitcoin: USD/BTC (BTC=X) Landscape in Argentina The temperature has steadily been rising in the Argentinian crypto space for several months of 2019, creating a clear timeline for the increased acceptance of bitcoin and other alternative assets. The nation’s economy and fiat currency have been especially wobbly since August 2019 as the stock market […]
FTSE Bursa Malaysia KLCI (.KLSE) May Add To Its Winnings The Malaysia stock market on Wednesday snapped the two-day slide in which it had fallen almost 7 points or 0.4 percent. The Kuala Lumpur Composite Index now rests just beneath the 1,565-point plateau and it’s looking at another green light again on Thursday. The global […]
Canadian Dollar: USD/CAD (CAD=X) Rallies Post-FOMC The Canadian dollar rallied ahead of and then after yesterday’s Federal Open Market Committee policy meeting statement. The FOMC left interest rates unchanged which was universally expected, as was the dovish policy statement. The Committee members are predicting that the Fed Funds rate will stay in the 1.50%-1.75% range […]
Shanghai: SSE Composite Index (.SSEC) Brace Yourself, Today Could be US-China Tariff Decision Day Stocks in Asia closed mixed, with China’s Shanghai Index falling -0.3% and the Australian ASX 200 down -0.7% while the Hong Kong Hang Seng gained 1.3%, and the South Korean Kospi rose 1.5%. The major European equity indices were all slightly in […]
Japanese Yen: USD/JPY (JPY=X) possible long term “buy-and-hold” scenario The US dollar has rallied a bit against the Japanese yen initially during the trading session on Wednesday, but as you can see has given back a bit of strength. At this point, I think we are trying to build up a little bit of support […]
Gold 1 OZ (XAU=X) prices are likely to rise if Trump says yes to the tariffs Gold is trading marginally higher on Thursday shortly before the regular session opening. The market is trading inside yesterday’s range which suggests investor indecision and impending volatility. The indecision is being fueled by uncertainty over the outcome of the […]
Australia: S&P/ASX 200 (.AXJO) drops as US Federal Reserve keeps interest rates on hold The Australian dollar jumped to 68.8 US cents, its highest value in five weeks, due to a weaker greenback following the Fed’s interest rate decision. It also lifted sharply to 52.1 British pence as the latest polls revealed that UK Prime […]
British Pound: USD/GBP (GBP=X) Brexit versus Socialism Prime Minister Boris Johnson called a snap election in October after parliament blocked his Brexit deal. Johnson saw an election as a means to end to get Parliament out of the gridlock created by the loss of his majority. The British PM lost his majority following Parliament’s returned […]
Bitcoin: USD/BTC (BTC=X) whales get ever bigger, threatening increased volatility A closer look at bitcoin holdings data shows a potentially troubling trend among the anonymous accounts — increased consolidation among large owners. Investors with 1,000 to 1 million bitcoins, often referred to as whales, hold 42.1% of all bitcoin supply, up from 37.9% during the […]
Singapore: STI Index (.STI) global forecast is upbeat The Singapore stock market on Wednesday ended the two-day slide in which it had stumbled more than 30 points or 1 percent. The Straits Times Index now rests just above the 3,170-point plateau and it’s called higher again on Thursday. The global forecast for the Asian markets […]
UK FTSE 100 (.FTSE) rallies as Trump tweets US close to ‘big deal’ with China The FTSE 100 has followed global stock markets higher after US president Donald Trump tweeted a trade deal with China was ‘very close’. The UK blue-chip index closed 57 points, or 0.8%, higher at 7,273 while in the US, the […]
DAX PERFORMANCE-INDEX (.GDAXI) Seen Up As UK Voters Head To Polls European stocks may open flat to slightly higher on Thursday as new President Christine Lagarde chairs her first European Central Bank (ECB) meeting and the subsequent press conference later today. Any hints on the economic outlook, inflation expectations and future policy decisions would be […]
Euro: USD/EUR (EUR=X) A Week Filled with Risk Events After a period of unusually low volatility, EUR/USD is starting to come alive with several risk events to provide the markets a catalyst. Yesterday, the Federal Reserve monetary policy meeting drove EUR/USD above the 1.1100 handle for the first time since the early month. Policymakers kept […]
Hong Kong: HANG SENG INDEX (.HSI) jumps in early trading, powered by AIA, Tencent, while China markets dip The Hong Kong and mainland Chinese markets are expected to open with small gains on Thursday, as the wait for a trade deal between the United States and China goes on. An added factor to watch this […]
Silver 1 OZ 999 NY (XAG=X) Prices Pop After Recent Fed Statement After last week’s outstanding employment figures, investors expected a fairly dull FOMC release yesterday. After all, what more is there to say other than “gee, things seem to be going well, so we’re going to wait for a while before we do anything.” And […]
Australian Dollar: USD/AUD (AUD=X) Westpac: “Risk off” to drop Australian dollar to 66 cents in 2020 Over the last month it has traded down to as low as USD0.676 and back to USD0.683. Eff ectively the AUD has traded in the USD0.67 to USD0.70 range since late July. Westpac last changed its AUD call on […]
United States Oil (USO) surprise build in U.S. crude inventories Oil prices dropped almost 1% on Wednesday following a surprise build in U.S. crude inventories, and as investors waited to see if a fresh round of tariffs by Washington on Chinese goods would come into force on Sunday. Brent futures settled at $63.72 per barrel, […]
Bitcoin: USD/BTC (BTC=X) feeling bearish pressure and could soon drop to historically strong price support below $7,100 Bitcoin is still feeling bearish pressure and could soon drop to historically strong price support below $7,100. The cryptocurrency fell 1.7 percent on Tuesday, reinforcing the bearish view put forward by the strong rejection above $7,600 witnessed over […]
Alibaba Group Holding Limited (NYSE:BABA) raised over $13 Bn with its IPO in Hong Kong Investment Thesis China’s E-commerce giant Alibaba (NYSE: BABA) listed on HKSE on Nov. 26. It is more of a political move however, with little economic justification, since we find the funds BABA raised from this IPO will add pressure to […]
Dow Jones Industrial Average (.DJI) hit by Boeing and Home Depot The S&P 500 and the Nasdaq indexes held on to gains on Wednesday as traders awaited the Federal Reserve’s December policy statement for clues on the domestic economy’s strength, while the Dow Jones index was pressured by losses in Boeing and Home Depot. The […]
Tesla, Inc. (NASDAQ:TSLA) Meets Management Goals Tesla TSLA is the most volatile stock on the market due to an overzealous CEO and a management team that over-promises and under-delivers. This year may be the first year that the company finally meets its lofty goals. TSLA slid hard at the beginning of 2019 due to liquidity […]
Apple Inc. (NASDAQ:AAPL) iPhone 5G Pricing nother day, another Apple (NASDAQ:AAPL) bull. Apple’s price target was raised to $290 from $270 at Bank of America. The analysts like what they see, with well-priced wearables and strong demand for the iPhone. While demand for the new phone is solid now, they remain optimistic further out too, […]
Vietnam’s only Leading Hotel of the World deepens guests’ access to authentic experiences with a new culinary adventure Vietnam (Dec. 10, 2019) – The Reverie Saigon is spicing up its bespoke foodie offerings with the launch of guided excursions designed to help travellers navigate Ho Chi Minh City’s multi-layered food scene – peeling the richness […]
Leading clubs boosted as Vietnam is named World’s Best Golf Destination Two of Vietnam’s top clubs, Laguna Golf Lang Co and The Bluffs Ho Tram Strip, are teeing up a big year to come as they aim to capitalize on the nation’s newly crowned status as the planet’s top golf draw. At the World Golf […]
Shanghai: SSE Composite Index (.SSEC) stocks get small gains amidst investors’ “observation mode” The Hang Seng Index declined by 0.2 per cent to 26,436.62. However, markets in China reversed early losses, getting small gains by the close. The Shanghai Composite Index ended 0.1 per cent, or 2.84 points, higher at 2,917.32. The Shenzhen Component Index […]
British Pound: USD/GBP (GBP=X) looking towards the 1.32 level The British pound initially pulled back during the trading session on Wednesday but found enough support underneath the turn around and rally significantly. At this point in time it looks as if the market is ready to go looking towards the 1.32 level, and then possibly […]
Japanese Yen: USD/JPY (JPY=X) could go much higher and reach towards the crucial ¥110 level The US dollar has rallied a bit against the Japanese yen initially during the trading session on Wednesday, but as you can see has given back a bit of strength. At this point, I think we are trying to build […]
Hong Kong: HANG SENG INDEX (.HSI) up on late rally, Xiaomi leads tech stock surge Hong Kong stocks ended with gains after a late rally on Wednesday but investors kept an eye on developments in the China-US trade talks with Washington due to impose fresh tariffs on Chinese goods within days. The Hang Seng index […]
Gold 1 OZ (XAU=X) prices are holding steady as the Federal Reserve maintains its steady-as-it-goes course on monetary policy Gold futures settled higher on Wednesday, then inched lower in electronic trading after the Federal Reserve held a key U.S. interest rate steady at a range of 1.5% to 1.75%, as expected. Following the Fed news, […]
Singapore: STI Index (.STI) economy is expected to grow 0.7 percent this year The Singapore economy is expected to grow 0.7 percent this year, up from 0.6 percent in the previous survey in September, according to the latest quarterly poll of professional forecasters by the Monetary Authority of Singapore (MAS) released December 11. The Singapore economy expanded […]
Australian Dollar: USD/AUD (AUD=X) gains as Fed keeps rates on hold The Australian share market is expected to open lower this morning despite some modest gains on Wall Street overnight after the US central bank kept interest rates unchanged. The SPI200 futures contract was down 29 points, or 0.4 per cent, at 6722 at about […]
Australia: S&P/ASX 200 (.AXJO) expected to rebound After a couple of very disappointing days of trade, the S&P/ASX 200 index looks set to return to form on Thursday. According to the latest SPI futures, the ASX 200 index is expected to jump 59 points or 0.9% at the open. This follows a positive night on […]
Silver 1 OZ 999 NY (XAG=X) Investors Brace for Soft CPI The U.S. releases key consumer data for November this week. On Wednesday, we’ll get a look at consumer inflation, followed by retail sales reports on Friday. Inflation levels remain low, with the headline and core releases both expected to post a modest gain of […]
Trump Blocked $10 Billion Pentagon Contract Over “Animosity”, Says Amazon.com, Inc. (NASDAQ:AMZN) The e-commerce giant’s protest of the $10 billion, 10-year contract alleges that Trump’s stated efforts to “screw Amazon” led the agency to opt for a proposal from Microsoft with “clear failures.” President Trump’s “repeated public and behind-the-scenes attacks” against Amazon led the Pentagon […]
Tesla, Inc. (NASDAQ:TSLA) shows strength amid impending Made-in-China Model 3 deliveries, Cybertruck sightings Tesla stock (NASDAQ:TSLA) is showing some strength on Tuesday amid reports hinting that deliveries of the Made-in-China Model 3 may be starting sooner than expected. Apart from this, interest in the Tesla Cybertruck remains high weeks after the vehicle’s unveiling, thanks to […]
Can Bitcoin: USD/BTC (BTC=X) really hit $100k? If so, then when? The Next Bitcoin Halvening There’s a clause in the monetary policy of Bitcoin which states that every four years (roughly), the rewards for mining new bitcoins is cut in half. Today miners earn an average of 1800 Bitcoins per day now, which will be […]
Dow Jones Industrial Average (.DJI) close broadly lower on Wall Street; trade in focus Stocks closed modestly lower on Wall Street Monday as losses in technology, health care and financial companies outweighed gains elsewhere in the market. The selling snapped a three-day winning streak for the S&P 500 and wiped out the index’s 0.2% gain […]
Alphabet Inc. (NASDAQ:GOOG) acquisition of Fitbit last month prompted immediate concerns about the tech giant’s new access to sensitive health data Google’s acquisition of Fitbit last month prompted immediate concerns about the tech giant’s new access to sensitive health data, amid government scrutiny over its already-broad access to a range of private data on its […]
Ethereum: USD/ETH (ETH=) Is At Major Crossroads After a fresh decline, Ethereum price found support near the $143 level against the US Dollar. ETH traded as low as $143.21 and later corrected above the $150 level and the 55 simple moving average (4-hours). Besides, there was a break above the 50% Fib retracement level of […]
Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020? Apple CEO Tim Cook shocked investors on January 2 by warning of slowing iPhone sales in China. Apple’s stock plunged 10% the next day, dragging down the entire market along with it. But it’s been all good news for the company […]
NASDAQ Composite (.IXIC) could be in for another huge run in 2020 Stocks kicked off the month of December with a losing streak, but despite the bumpy start — the Dow Jones Industrial Average shed more than 500 points in the first two trading days of the month — 2020 could be another big year […]
Unexpected increase in US stocks puts United States Oil (USO) under pressure Oil prices fell on Wednesday after industry data showed a surprise build in crude oil inventory in the US and as investors waited for news on whether a fresh round of US tariffs on Chinese goods would take effect on Sunday. Brent futures […]
Facebook, Inc. (NASDAQ:FB) regulators put the social media company in the crosshairs of antitrust investigations Facebook saw its ranking on Glassdoor’s list of the “Best Places to Work” list slide for a second year in a row, tumbling 16 spots to 23rd. Its desirability ranking dropped from 4.5 to 4.4 out of a perfect 5 […]
Canadian Dollar: USD/CAD (CAD=X) Dips on Soft Job Numbers Last week was busy for the Canadian dollar. The currency dropped below 1.32 and touched a 1-month high on Thursday, but reversed directions on Friday and lost ground. USD/CAD took advantage as Canadian employment numbers sagged, while U.S. nonfarm payrolls were much stronger than expected. In […]
British Pound: USD/GBP (GBP=X) Continues To Power Higher The British pound rallied a bit during the trading session on Tuesday, as we continue to see traders get on the right side of the potential election result in the United Kingdom, as the Tories are likely to have control of Parliament. If they do, then it’s […]
Silver 1 OZ 999 NY (XAG=X) Investors are keeping a close eye on the Federal Reserve Silver prices are almost unchanged for a second straight day. In the European session, silver is trading at $16.63, up $0.04 or 0.26% on the day. After a sharp drop on Friday, silver has settled down this week. The metal […]
Hong Kong: HANG SENG INDEX (.HSI) investors keep a nervous eye on the progress of China-US trade talks Hong Kong stocks went into the break with small losses on Tuesday as investors kept a nervous eye on the progress of China-US trade talks with a tariffs deadline just days away. The Hang Seng index dipped […]
Gold 1 OZ (XAU=X) are edging higher boosted by lower demand for risky assets Gold futures are edging higher on Tuesday, boosted by lower demand for risky assets. Treasury yields are also trading lower which is pushing down the U.S. Dollar, driving up demand for dollar-denominated gold. Worries over the looming U.S. tariffs on Chinese […]
Australia: S&P/ASX 200 (.AXJO) stock index buoyed by US-China trade deal, Brexit hopes Australia’s benchmark ASX 200 stock index has tracked higher alongside an upshift in priced-in 2020 Fed policy expectations for over three months. The move echoes similar dynamics across most major risk-on assets, reflecting growing hopes for a US-China trade deal and the […]
Japanese Yen: USD/JPY (JPY=X) continues to hover just above last week’s low at 108.430 The Dollar/Yen is inching higher early Tuesday as it continues to hover just above last week’s low at 108.430. Although the Forex pair is attempting to establish a support base, the lack of follow-through to the upside suggests investors are still […]
Euro: USD/EUR (EUR=X) might see a notable pickup in volatility After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. From a political standpoint, there are two major drivers for the markets this week. […]
Australian Dollar: USD/AUD (AUD=X) Strengthening Downside Momentum Could Lead to Test of .6800 to .6794 The Australian Dollar is edging lower early Tuesday as traders react to an unexpected jump in Chinese consumer inflation and the lack of fresh news over U.S.-China trade relations as another round of tariffs by the United States on Chinese […]
Facebook, Inc. (NASDAQ:FB) Market Value Plunges a Record $119 Billion Facebook faced a day of reckoning Thursday as its shares plunged in the biggest one-day drop in stock-market history. The 19 percent drop vaporized $119 billion of the company’s stock-market value; CEO Mark Zuckerberg saw his net worth fall by roughly $16 billion as a […]
NASDAQ Composite (.IXIC) falls as Apple, health shares drag US stocks pulled back on Monday from near-record levels, as Apple and healthcare shares fell and investors braced for a busy week of political and economic news, including a potential turning point in the US-China trade dispute. Wall Street is focused on December 15, when the […]
Apple Inc. (NASDAQ:AAPL) best Dow stock of 2019 but can it repeat in 2020? Apple CEO Tim Cook shocked investors on January 2 by warning of slowing iPhone sales in China. Apple’s stock plunged 10% the next day, dragging down the entire market along with it. But it’s been all good news for the company […]
Bitcoin: USD/BTC (BTC=X) wild price swings subsiding With Bitcoin’s wild price swings subsiding over the past week, investors are now looking ahead to its next potential breakout. Bitcoin’s price has stabilized above its support level of the initial gap created on May 10, potentially marking a bottom for the largest cryptocurrency around $6,500. However, the […]
Alphabet Inc. (NASDAQ:GOOG) Appoints Noble Prize-Winner Frances Arnold To Board Google parent Alphabet Inc. (GOOG, GOOGL) Monday appointed Noble prize winner Frances Arnold to its Board of Directors. Arnold is the Linus Pauling Professor of Chemical Engineering, Bioengineering and Biochemistry and the Director of the Donna and Benjamin M. Rosen Bioengineering Center at the California […]
Dow Jones Industrial Average (.DJI) sinks 105 points as health-care selling and worries about China’s economy weigh on market U.S. stocks ended solidly lower Monday as buying appetite abated, following economic reports that pointed to weakness in China’s economy, highlighting worries about a global economic recession. Health-care shares, meanwhile, also weighed on the broader market, […]
Ethereum: USD/ETH (ETH=) Approaching Next Key Break After a major drop in Ethereum, the $132 level acted as a decent support against the US Dollar. ETH traded as low as $132.10 and recently started an upside correction above the $140 zone. Moreover, there was a break above the $150 level and the price spiked above […]
Will Twitter, Inc. (NYSE:TWTR) Ever Pay A Dividend? Since its IPO in late 2013, Twitter (TWTR) has pronouncedly underperformed the market. During this period, the stock has slumped 29% whereas the S&P 500 Index has rallied 75%. Twitter has been one of the more disappointing stocks in the S&P 500 Index since it went public. […]
Here’s How Tesla, Inc. (NASDAQ:TSLA) Stock Could Hit $500 Tesla’s (NASDAQ: TSLA) stock could surge as much as 50% from current prices, according to Morgan Stanley. Analysts at the investment firm say that the electric-vehicle maker’s new Cybertruck could be a bigger success than many investors currently expect. They posit that Tesla could sell as […]
United States Oil (USO) prices recoil as spectre of trade war, weaker demand haunts market Oil prices slipped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in […]
Hong Kong: HANG SENG INDEX (.HSI) gives up early gains despite Wall Street rally Hong Kong shares were flat at the midday break after an early boost as a strong US jobs report was offset by a weekend report which showed Chinese exports fell sharply. The Hang Seng index was just over six points up, […]
FTSE Bursa Malaysia KLCI (.KLSE) Sentiment turns sour one week ahead of US tariffs deadline The local equities market turned to consolidation on Monday as a positive US jobs data report over the weekend failed to inspire optimism in the global economy as the deadline for fresh US tariffs on Chinese imports loomed. Washington and […]
Bitcoin: USD/BTC (BTC=X) weekly chart is reporting a bullish golden cross Bitcoin’s longer duration chart is flashing a specific bull market signal for the first time in over three years. On the weekly chart, the cryptocurrency’s 50-period moving average (MA) has crossed above the 100-period moving average, confirming what is popularly known as a “golden […]
Shanghai: SSE Composite Index (.SSEC) stocks see-saw as trade deal uncertainties cloud market outlook Hong Kong and China stocks swung between gains and losses before ending little changed on Monday, as traders remained cautious amid uncertainties surrounding an initial trade deal between the United States and China. The Hang Seng Index shed 0.01 per cent, […]
Japanese Yen: USD/JPY (JPY=X) demand for risk will be the primarily driver of the price action The Dollar/Yen finished lower last week, posting a potentially bearish closing price reversal top in the process. Most of the damage took place on December 2 and December 3. The Dollar/Yen hit a six-month high on Monday after an […]
UK FTSE 100 (.FTSE) lower as oil majors and Asia-exposed financials fell on China growth worries London’s exporter-heavy FTSE 100 inched lower on Monday as oil majors and Asia-exposed financials fell on China growth worries and as the pound strengthened, while a 72% slump in Tullow Oil single-handedly dragged down midcaps. The blue-chip index was […]
Canadian Dollar: USD/CAD (CAD=X) Sunk by Jobs Data The Canadian dollar was torpedoed on Friday. A surprisingly robust U.S. non-farm payrolls report combined with an extremely poor Canadian Labour Force survey blew the Canadian dollar out of the water. USD/CAD soared to $1.3267 from $1.3170 in a heartbeat. Canada lost 71,200 jobs in November. Even […]
Australia: S&P/ASX 200 (.AXJO) investors focus on RBA governor Philip Lowe speech The Australian share market is expected to open higher after a positive lead from Wall Street at the end of last week. The SPI200 futures contract was up 35.0 points, or 0.52 per cent, at 6,738 at 8am Sydney time, suggesting a bounce […]
Euro: USD/EUR (EUR=X) Investors will also be closely monitoring ongoing developments in the trade war between the US and China A Busy Week Ahead After a few weeks of trading in a narrow range, EUR/USD might see a notable pickup in volatility in the week ahead with several events that the markets will be watching. […]
Australian Dollar: USD/AUD (AUD=X) trading lower in reaction to weaker-than-expected trade balance data from China The Australian Dollar is trading lower on Monday in reaction to weaker-than-expected trade balance data from China. The Aussie is also being pressured by Friday’s stronger-than-expected U.S. Non-Farm Payrolls and consumer sentiment reports, which should be enough to prevent the […]
Singapore: STI Index (.STI) expected to fall at open Singapore stocks closed lower on Monday, with the benchmark Straits Times Index (STI) going down 0.47 percent, or 14.89 points, to close at 3,179.82. A total of 965.37 million shares changed hands with a turnover of 906.24 million Singapore dollars (about 666.35 million U.S. dollars). Losers […]
Gold 1 OZ (XAU=X) a trade through $1456.60 will change the main trend to down The main trend is up according to the daily swing chart. However, momentum has been trending lower since the formation of the closing price reversal top on December 4 at $1489.90. A trade through $1456.60 will change the main trend […]
Silver 1 OZ 999 NY (XAG=X) Solid Nonfarm Payrolls Boost Risk Appetite An excellent U.S. nonfarm payrolls report on Friday triggered a sharp drop of 2.3% in silver prices. The economy added a whopping 266 thousand jobs in November, crushing the estimate of 181 thousand. As well, the 3-month average payroll number increased from 189K to 205K. […]
British Pound: USD/GBP (GBP=X) UK Election to Drive Volatility to the Pound With the election now only a few days away, volatility stands to rise for the pound to dollar exchange rate. Thursday’s election will ultimately determine how things will evolve with Brexit. UK PM Boris Johnson wants to push through the already negotiated deal […]
DAX PERFORMANCE-INDEX (.GDAXI) slip as investors weigh outlook for US-China trade Stock markets weakened during European trading on Monday as investors weighed the possibility of more U.S. tariffs on China and the outlook for negotiations on the trade dispute. A Chinese official said that Beijing wants a prompt settlement of its trade war with Washington […]
NASDAQ Composite (.IXIC) is back within reach of record highs The Nasdaq 100 brushed off trade concerns last week as robust employment data and strong consumer confidence helped to drive the tech-heavy index back near record levels. While the data helped to ward off concerns last week, time ahead of the December 15 tariff deadline […]
Apple Inc. (NASDAQ:AAPL) soars to all-time high after top analyst suggests ‘completely wireless’ iPhone could arrive by 2021 Apple soared to an all-time high Friday, jumping as much as 1.5% following reports detailing its upcoming iPhone lineup. The company may release a new, high-tier iPhone without a Lightning port and a “completely wireless experience” as […]
Tesla, Inc. (NASDAQ:TSLA) Elon Musk cleared of defamation in ‘pedo guy’ tweet trial It took less than an hour for an eight-person jury in Los Angeles federal court to reject Unsworth’s claim after a four-day trial. Elon Musk defeated defamation allegations Friday from a British cave explorer who claimed he was branded a pedophile when […]
Facebook, Inc. (NASDAQ:FB) Copying Alphabet’s “Other Bets” Strategy Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) restructured the company several years ago to separate its early stage businesses and moonshot investments — or “other bets” — from its well-established Google operations. It still makes practically all of its revenue and profits from Google’s advertising business. Similarly, Facebook (NASDAQ: […]
Asian markets rise as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US jobs report Asian markets mostly rose Monday as investors tracked a rally on Wall Street that was fuelled by a forecast-busting US jobs report, while there was little inspiration from tepid Chinese trade data. While observers widely […]
United States Oil (USO) near 12-week high after Saudi Arabia surprise with output curbs Oil traded near the highest level in almost 12 weeks after Saudi Arabia surprised the market Friday with a significant supply cut beyond what was agreed to with fellow OPEC+ members. Futures in New York edged lower after climbing 1.3% Friday […]
Bitcoin: USD/BTC (BTC=X) Greater volatility isn’t attracting liquidity providers As the chart above shows, BTC/USD bid-ask spreads tend to widen in periods of high volatility. That’s normal, as market makers seek to profit from investors’ fear and greed. Compared with the second half of 2018, this year has been bumpy for bitcoin: the 30-day volatility […]
Dow Jones Industrial Average (.DJI) record high looms Since the Dow Jones bounced from trendline support, the index has seen somewhat of an impressive recovery, paring roughly 76.4% of the early week pullback with latest uptick stemming from the strong NFP report. Consequently, the index looks primed for another retest of the record high as […]
Bitcoin: USD/BTC (BTC=X) Faces Resistance Above $7,400 and Holds Bearishness The journey of Bitcoin through this year 2019 has been extremely volatile; the coin started at $3,000 and reached a high of $13,800. Bitcoin’s price seems to be stuck in the $7,000 range for more than two weeks and the pattern formed since then has […]
Hong Kong: HANG SENG INDEX (.HSI) The Future of the Trade Deal Sometimes, investors get too excited about a future event. They price in too much extra value before a big announcement. This is a common problem during earnings season. It’s one of the reasons stocks are much more likely to move more than 10% […]
Japanese Yen: USD/JPY (JPY=X) US Dollar Recovers Against Yen The US dollar has initially fallen during the trading session on Friday, to reach down toward support again near the ¥108.50 level. We have since bounced after the stronger than anticipated jobs number, and therefore it looks as if the markets are ready to form the […]
Gold 1 OZ (XAU=X) short term momentum has turned negative Gold prices dropped on Friday in the wake of a stronger than expected US jobs report. Both non-farm payrolls and the unemployment rate beat expectations, while consumer sentiment came in stronger than expected. US yields moved higher following the solid jobs number, and the dollar […]
Canadian Dollar: USD/CAD (CAD=X) remains largely flat at the start of the week as UK manufacturing data disappointed However, on Tuesday the pairing edged up after further PMI data showed the construction sector saw the slowest decline in output since July. Meanwhile, oil prices edged up in the hopes OPEC and allies would agree to […]
Australia: S&P/ASX 200 (.AXJO) is set for a positive start to the week Australia’s share market is set for a positive start to the week, getting a bounce from strong US jobs data. It comes after a rally on Wall Street and European markets in response to stronger than expected American payroll numbers and falling […]
DAX PERFORMANCE-INDEX (.GDAXI) investors look to a central bank decision The DAX 30 will look to a central bank decision of its own next week, in an event that will likely stir volatility in all European equities. Trade headlines and the tone of the Federal Reserve will also play a role in the outlooks of […]
Euro: USD/EUR (EUR=X) continues to grind sideways The Euro has rallied a bit during the week but has also given back quite a bit of the gains to form a less than impressive candlestick. As we continue to grind sideways it suggests that the market is going to continue to show signs of exhaustion after […]
Australian Dollar: USD/AUD (AUD=X) continues to see a bit of consolidation near the 0.6850 level The Australian dollar has rallied a bit during the trading session on Friday, as we continue to see a bit of consolidation near the 0.6850 level. Remember, the Australian dollar is highly sensitive to the US/China trade situation, and it […]
