A Democratic state representative from Detroit is crediting hydroxychloroquine — and Republican President Donald Trump who touted the drug — for saving her in her battle with the coronavirus. State Rep. Karen Whitsett, who learned Monday she has tested positive for COVID-19, said she started taking hydroxychloroquine on March 31, prescribed by her doctor, after both […]
DAX PERFORMANCE-INDEX (.GDAXI) – European Stocks Advance Most in Two Weeks on Easing Virus Toll European equities gained the most in nearly two weeks after reported death tolls from the coronavirus showed signs of easing in several hot spots of the health crisis. The Stoxx Europe 600 Index closed 3.7% higher, as automakers and travel […]
UK FTSE 100 (.FTSE) shares rises as coronavirus-related deaths slow UK shares gained on Monday as investors cheered signs of slowing coronavirus-related deaths in the hotspots of western Europe. The blue-chip FTSE 100 gained 2.9% by 0812 GMT, but was still underperforming its European peers, weighed down by news that Prime Minister Boris Johnson was […]
Shanghai: SSE Composite Index (.SSEC) – Stocks tick up in Tokyo, Hong Kong, Shanghai Asian shares rose Tuesday, echoing the rally on Wall Street, amid a few glimmers of hope that the coronavirus pandemic could be slowing. Japan’s benchmark Nikkei 225 JP:NIK gained 0.9% while South Korea’s Kospi KR:180721 gained 0.2%. Hong Kong’s Hang Seng HK:HSI added 0.4%, while the Shanghai […]
British Pound: USD/GBP (GBP=X) – British PM Johnson Is Taken To Hospital Due To Coronavirus GBP/USD breached the 20 EMA below 1.2300 but the British pound is showing some signs of strength and tries to gain more ground amid optimism on the coronavirus front. British Prime Minister Boris Johnson was taken to the hospital with persistent […]
Euro: USD/EUR (EUR=X) maintains its bearish stance despite decreased demand for safety Financial markets were in a better mood this Monday, amid some encouraging news related to the coronavirus pandemic. According to the latest data available the contagion curve and the death toll seem to be flattening in Italy, Spain and New York, the three […]
Japanese Yen: USD/JPY (JPY=X) – Surge in Demand for Risky Assets Sinks Japanese Yen The Dollar/Yen is trading higher late Monday, helped by increased demand for risky assets and concerns that a jump in the number of coronavirus cases in Japan will do further damage to the already wounded economy. At 13:50 GMT, the USD/JPY is trading […]
Australian Dollar: USD/AUD (AUD=X) gains are being capped by a stronger U.S. Dollar Increased demand for risky commodity currencies is helping to boost the Australian Dollar on Monday, however, gains are being capped by a stronger U.S. Dollar. Position-squaring ahead of Tuesday’s Reserve Bank of Australia (RBA) monetary meeting could also be providing some support. […]
FTSE Bursa Malaysia KLCI (.KLSE) closes higher as govt unveils RM10 bln special stimulus package Bursa Malaysia closed higher on Monday as the government unveiled a special stimulus package worth RM10 billion aimed at small and medium enterprises (SMEs) to soften the impact of the Movement Control Order (MCO) due to the COVID-19 pandemic . At […]
Gold 1 OZ (XAU=X) likely to be determined by trader reaction to the downtrending Gann angle at $1667.80 Gold futures are trading at their highest level since March 26 shortly after the regular session opening on Monday. The move is being fueled by concerns over a global recession caused by the coronavirus pandemic. A relatively […]
Silver 1 OZ 999 NY (XAG=X) Gains Ground Despite Stronger U.S. Dollar As Optimism Is Widespread Despite the continued strength of the U.S. dollar, silver is trying to get through the major resistance near the 20 EMA in the $14.50 – $14.70 area. The U.S. Dollar Index continues its upside move and is currently trying […]
Hong Kong: HANG SENG INDEX (.HSI) joins Asian rally as virus death rates fall Hong Kong stocks ended Monday with healthy gains, lifted by signs that new infections of coronavirus are slowing in some of the worst-hit countries, while energy firms were boosted by last week’s surge in oil prices. The Hang Seng Index rose […]
Australia: S&P/ASX 200 (.AXJO) set to rise but economists remain wary The Australian share market is tipped to rise but economists remain wary of the coronavirus volatility that ensured global equities ended the week on a sour note. Wall Street’s main indexes fell more than 1.5 per cent on Friday after US employment showed a […]
Americans have been warned to brace for the “hardest and the saddest week” of their lives as the nation’s coronavirus death toll jumped to three times the number of 9/11 fatalities. US Surgeon-General Jerome Adams said the coming days would be “the hardest and the saddest week of most Americans’ lives“ because of the pandemic. […]
NASDAQ Composite (.IXIC) – Futures jump on hopes of slowdown in coronavirus cases U.S. stock index futures jumped about 4% on Monday after President Donald Trump expressed hope that the coronavirus health crisis in the United States was “leveling-off” in some of the country’s hardest-hit areas. Wall Street’s main indexes fell more than 1.5% on […]
Dow Jones Industrial Average (.DJI) Futures Surge As Investors Focus on Slowing Coronavirus Fatality Rates U.S. equity futures bounced higher Monday, while global stocks booked solid gains, as investors focused on data that suggested coronavirus deaths were slowing as the pandemic entered its third month of outbreak in major economies around the world. Italy, the […]
Apple Inc. (NASDAQ:AAPL) is donating 20 million masks and producing face shields to help fight coronavirus Apple has sourced 20 million masks through its supply chain in an effort to help healthcare professionals around the world fight the ongoing coronavirus outbreak, Apple CEO Tim Cook announced in a video posted on Twitter on Sunday. “This […]
Centers for Disease Control and Prevention suggests wearing cloth masks in confined public spaces The Centers for Disease Control and Prevention believe masks could be a key in stopping COVID-19 in its tracks. The CDC now recommends wearing a cloth mask in “public settings where other social distancing measures are difficult to maintain,” such as grocery […]
Investor morale in the euro zone fell to an all-time low in April and the bloc’s economy is in deep recession due to the coronavirus, which is “holding the world economy in a stranglehold”, a survey showed on Monday. Sentix’s index for the euro zone fell to -42.9 from -17.1 in March. The Reuters consensus […]
A tiger at the Bronx Zoo in New York City tested positive for the coronavirus, the zoo announced on Sunday. This is the first known instance of a tiger being infected with the virus. Nadia, a 4-year-old Malaysian tiger, was tested after she developed a dry cough and had a decrease in appetite, according to […]
Alibaba Group Holding Limited (NYSE:BABA) Stock Offers Investors a Beautiful Buying Opportunity After a recent bounce, Alibaba (NYSE:BABA) is down almost 20% from its 52-week highs. That’s notably better than the S&P 500, which is down about 27% from its highs. Given all the circumstances at the momentum, it’s hard to determine if Alibaba stock […]
Are Lockdowns Working? Alphabet Inc. (NASDAQ:GOOG) Offers Location Data to Help Pandemic Fight Alphabet Inc.’s Google (GOOGL) is releasing data from its users to help governments track the spread of the coronavirus and assess the effectiveness of social distancing by using location information gathered from smartphones. The location data, which the search engine giant, collects […]
Tesla, Inc. (NASDAQ:TSLA) engineers show ventilator prototype on YouTube Engineers at Tesla showed a prototype for a ventilator on Sunday evening in a video published on the company’s YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages. The design for the ventilators relies heavily on Tesla car parts, one of […]
United States Oil (USO) jittery as Saudi Arabia-Russia talks delayed Global oil prices remain on edge after Saudi Arabia and Russia postponed a meeting about a deal to cut output as the virus pandemic hits demand. The two countries have been locked in an oil price war for the last month. Traders are concerned that, […]
Ethereum: USD/ETH (ETH=) Dips Below 6,712.5 Level, Down 0.97% Bitcoin fell bellow the $6,712.5 level on Sunday. Bitcoin was trading at 6,712.5 by 13:30 (17:30 GMT) on the Investing.com Index, down 0.97% on the day. It was the largest one-day percentage loss since April 5. The move downwards pushed Bitcoin’s market cap down to $123.0B, […]
Bitcoin: USD/BTC (BTC=X) trading volume on exchanges grew 61 percent in Q1 compared to previous quarter Bitcoin trading volumes across The Block 22 exchanges saw a significant uptick during the first quarter of 2020. The volumes reached over $154 billion in the quarter – a 61% increase over the previous quarter figure of $96 billion, according to research conducted […]
Shanghai: SSE Composite Index (.SSEC) – Shares rebound on glimmers of progress in battling virus Asian shares and U.S. futures rebounded on Monday as investors grasped at threads of hope that the battle against the coronavirus pandemic may be making some progress in some hard-hit areas. Markets in Tokyo, Seoul and Sydney gained more than […]
British Pound: USD/GBP (GBP=X) – Will Pound Resilience Persist? Despite shockingly bad US jobs data published last week, the British Pound to US Dollar (GBP/USD) exchange rate ultimately slipped lower. Even though the Pound was fairly resilient last week, it was unable to hold its ground or sustain any gains against the US Dollar which […]
Euro: USD/EUR (EUR=X) seen finding support on charts at 1.0778 this week The Euro unwound almost all of its late March rebound against the Dollar last week and the charts are warning of more losses ahead, although weekend confirmation of a broad slowdown in the continental spread of coronavirus could lift risk appetite over the […]
Japanese Yen: USD/JPY (JPY=X) – Fear of Global Recession Makes Dollar Highly Desired Liquid Asset The Dollar/Yen firmed last week as investors took shelter in the U.S. currency amid worsening economic fallout from the coronavirus pandemic. Investors largely shrugged off the U.S. Non-Farm Payrolls report that showed massive job losses of 701,000 last month, compared […]
Australian Dollar: USD/AUD (AUD=X) Pulls Back For the Week The Australian dollar has initially tried to rally during the week, but then broke down towards the 0.60 level, and hung around that area as it would attract a lot of attention obviously. Ultimately, I think that the market will then continue to see a lot of noise, […]
Gold 1 OZ (XAU=X) could face additional selling pressure if employment data sours sentiment Gold prices could suffer after the minutes from the Federal Reserve’s emergency meeting on March 15 are released. That day, Chairman Jerome Powell announced that the central bank cut itstarget range for its benchmark Fed Funds interest rate to 0.00-0.25 percent. […]
Hong Kong: HANG SENG INDEX (.HSI) – Hong Kong developers buy US$193.5 million worth of own shares in bid to support market, boost confidence The slumping equity market has prompted some Hong Kong developers and their majority owners to step in and shore up support for investors, while increasing their stakes at the same time. […]
How COVID-19 is impacting the Australia: S&P/ASX 200 (.AXJO) COVID-19 hit equity markets around the world swiftly and sharply. Equities, as is often the case in crises, have been characterised by exceptionally high levels of volatility, as increased weightings in illiquid assets have forced many investors to liquidate where they can rather than where is […]
Mexico’s Recent Mine Shutdown Will Limit Silver 1 OZ 999 NY (XAG=X) Supply Yesterday’s strength has turned into a test of a key resistance level near the 20 EMA at $14.60. At this point, the attempt to breach the resistance was unsuccessful, but silver may make an attempt to get through the key resistance level in the […]
Apple Inc. (NASDAQ:AAPL) in Deal With Amazon Allows Prime Video Users to Make In-App Purchases Apple Inc. (AAPL) is allowing Amazon.Com Inc.’s (AMZN) Prime Video subscribers to buy or rent video content using the e-commerce company’s app on their iPhones and other Apple devices. The deal marks a change in Apple’s policy. Previously the tech […]
Dow Jones Industrial Average (.DJI) futures indicate a 200-point opening drop as investors look to jobs numbers Futures contracts tied to the major U.S. stock indexes pointed to a lower start to Friday’s session, leaving Wall Street on track for modest weekly losses. Dow Jones Industrial Average futures fell 207 points, implying an opening loss […]
Alphabet Inc. (NASDAQ:GOOG) Data Shines Light on Whether Coronavirus Lockdowns Worldwide Are Working Alphabet Inc’s Google has published charts showing how the coronavirus has brought hard-hit Italy to a standstill, led to runs on grocery stores around the world and prompted a stark drop in going-out between Mardi Gras and St. Patrick’s Day. The analysis […]
Tesla, Inc. (NASDAQ:TSLA) crushed analysts’ consensus estimates Shares of electric-car maker Tesla (NASDAQ:TSLA) are soaring in after-hours trading on Thursday. As of 5:23 p.m. EDT, the stock was up more than 18% — about $85 per share higher than the $454.47 price it closed the trading day at. The stock’s steep rise was driven by the release of Tesla’s […]
Twitter, Inc. (NYSE:TWTR) Stock Sinks As Market Gains: What You Should Know Twitter (TWTR) closed at $23.02 in the latest trading session, marking a -1.29% move from the prior day. This change lagged the S&P 500’s daily gain of 2.28%. Meanwhile, the Dow gained 2.24%, and the Nasdaq, a tech-heavy index, added 1.72%. Prior to […]
United States Oil (USO) falls on scepticism over Trump’s Saudi-Russia output deal Oil prices fell on Friday, coming off their biggest one-day gains in the previous session, after US President Donald Trump said he had brokered a deal between Saudi Arabia and Russia to cut output, but made no offer to reduce US production. Brent […]
Bitcoin: USD/BTC (BTC=X) Enters Historically Strong Quarter With 3% Price Gain Bitcoin (BTC) kicked off the historically strong second quarter on a positive note, scoring gains overnight despite further losses on Wall Street. The top cryptocurrency by market value rose 3.5 percent from $6,420 to $6,650, having closed Q1 2020 with a 10 percent […]
UK FTSE 100 (.FTSE) struggles for direction as dividend axe continues to fall he FTSE 100 continued to struggle for meaningful momentum in late morning trade with the UK still firmly in lockdown and government failing to ramp up its coronavirus testing programme to plan. The UK yesterday saw its largest number of deaths since […]
Canadian Dollar: USD/CAD (CAD=X) Stuck Between U.S. Initial Jobless Claims And Trump Tweet Canadian Dollar Receives Support From A Surge In Oil Prices Following Trump Tweet USD/CAD had another volatile trading session today. First, the U.S. dollar got a boost due to safe haven asset buying following the release of the U.S. Initial Jobless Claims. The release […]
Euro: USD/EUR (EUR=X) may continue to exhibit a bearish behavior over the coming days EUR/USD trades to a fresh weekly low (1.0821) ahead of the US Non-Farm Payrolls (NFP) report, and the exchange rate may continue to exhibit a bearish behavior over the coming days as it extends the series of lower highs and lows from […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Struggles Against Safety Currency The US dollar initially tried to rally during the trading session on Thursday but gave back the gains as it looks like we are seeing a lot of trouble right around the ¥107.50 level. Ultimately, the market is likely to continue to go lower due to […]
Australian Dollar: USD/AUD (AUD=X) a break down below the 0.60 level is very likely that we go crashing into the 0.58 level The Australian dollar initially tried to rally during the trading session on Thursday but give back the gains as we started to see a lot of negativity out there. Ultimately, this is a market that […]
The United Nations pushes ambitious project, demanding 10% of the global GDP, to fight COVID-19 coronavirus In a fresh 26-page report, the United Nations has a plan to address the multi-threaded socio-econmic impact that COVID-19 is wrecking on the world. The UN describes it as a “global health crisis unlike any in the 75-year history […]
Leading disease forecasters, whose research the White House used to conclude that 100,000 to 240,000 people will die nationwide from the coronavirus, were mystified when they saw the administration’s projection this week. The experts said they don’t challenge the numbers’ validity but said they don’t know how the White House arrived at them. White House […]
Georgia Gov. Brian Kemp said he only just learned that people without symptoms can spread the coronavirus and that the revelation affected his decision to issue a statewide shelter-in-place order Wednesday. “So what we’ve been telling people from directives from the [Centers for Disease Control and Prevention] for weeks now, that if you start feeling […]
Gold 1 OZ (XAU=X) Markets Gap And Go On Thursday Gold markets gapped to open up the session on Thursday and then shot straight up in the air. We reached towards the top of the bearish candle from Tuesday, but then pulled back slightly midday. Ultimately, this is a market that is probably being used for […]
Covid-19 hits Silver 1 OZ 999 NY (XAG=X) to a ten-year-plus low The coronavirus pandemic has hit silver to a ten-year-plus low, according to the Refinitiv GFMS annual Silver Market Review 2019, which includes provisional supply and demand estimates for 2020. After rising to a five-month high by late February, the silver price experienced a […]
Hong Kong: HANG SENG INDEX (.HSI) – Asian stocks fall on lagging worries about virus, recession Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports of coronavirus cases keep surging in various regions. Japan’s benchmark Nikkei 225 dropped 1.7% in morning trading to 18,588.90. Adding to […]
Australia: S&P/ASX 200 (.AXJO) plunges 3.5% as wild swings continue The Australian share market has lurched back into the red after US stocks were hammered overnight on warnings of a mounting coronavirus death toll. The S&P/ASX200 benchmark index was down 178.3 points, or 3.39 per cent, at 5,080.3 at 1015 AEDT on Thursday, having earlier […]
Apple Inc. (NASDAQ:AAPL) Plans to Pay Hundreds of Contract Workers Sent Home Due to Coronavirus After initially being told that they would sent home without pay during the extended COVID-19 lockdown, Apple (NASDAQ: AAPL) said that it will continue to pay hundreds of hourly contract workers, including janitors, shuttle bus drivers, and other operations employees at the company’s […]
NASDAQ Composite (.IXIC) – Futures slide as jobless claims top 6 million U.S. stock index futures fell on Thursday after U.S. jobless claims topped a whopping 6 million as more jurisdictions enforced stay-at-home measures to curb the coronavirus pandemic. The number of Americans filing claims for unemployment benefits hit a record high for a second […]
Dow Jones Industrial Average (.DJI) soars 496 points as traders await official approval for $2 trillion coronavirus stimulus deal The S&P 500 and the Dow Jones industrial average climbed on Wednesday as the Senate moved toward a final vote on a $2 trillion relief package to aid the economic fallout from the coronavirus outbreak. The […]
Alibaba Group Holding Limited (NYSE:BABA) Stock at a 20% Discount, Rare Opportunity for Investors! Alibaba (NYSE:BABA) stock rose 1.68% to $194.48 on Tuesday. Notably, the company is China’s leading e-commerce company and the country’s top cloud computing provider. Alibaba is also into the package delivery business. Currently, e-commerce is a rapidly growing market in China. Consumers […]
Tesla, Inc. (NASDAQ:TSLA) delivery expectations at 77,000 cars — can they beat that? Tesla is about to release its delivery and production numbers for the first quarter of 2020, and expectations have been revised down to 77,000 electric cars due to the coronavirus crisis. Can they beat that? Unlike most automakers who release monthly delivery […]
United States Oil (USO) Surges on China Stockpiling U.S. equity futures rose with European stocks on Thursday as investors braced for the latest unemployment data from the world’s biggest economy. Oil surged after China unveiled plans to boost its reserves. Contracts on the main U.S. equity benchmarks all climbed following steep losses for the underlying […]
Ethereum: USD/ETH (ETH=) Dips Below 137.66 Level, Down 4% Ethereum fell bellow the $137.66 level on Thursday. Ethereum was trading at 137.66 by 03:26 (07:26 GMT) on the Investing.com Index, down 4.00% on the day. It was the largest one-day percentage loss since March 30. The move downwards pushed Ethereum’s market cap down to $15.23B, […]
It is time to take action again! It is time to take the destiny of our world in our own hands!We all agree that the process of planetary liberation is taking too long, and the current timeline is not going in the best direction. Here is our chance to collectively shift the timeline back into […]
Bitcoin: USD/BTC (BTC=X) Price Surges Above $6.7K as Stocks Again Bearish Since topping out at $6,500 on March 31, Bitcoin (BTC) price had spent the majority of Wednesday in a steady slump which saw the price drop from $6,494 to $6,147. The pullback mirrored the poor performance in traditional markets where the S&P 500 and […]
DAX PERFORMANCE-INDEX (.GDAXI) stocks rise as markets await new US unemployment record European stocks gained on Thursday as investors braced for the latest batch of weekly unemployment claims in the US and coronavirus cases neared the one million mark globally. Analysts once again expect an initial jobless figure in the millions, with some estimating that […]
UK FTSE 100 (.FTSE) higher but investors are still fearful of long-term impact London stock markets opened slightly up this morning amid faint hopes that the worst of the coronavirus outbreak may have now passed for China. The FTSE 100 index of Britain’s biggest companies rose 35 points or 0.63 per cent to 5,489 in early trading today, although […]
Shanghai: SSE Composite Index (.SSEC) – Asian stocks mixed as economic toll of virus worsens Asian stocks were mixed Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak’s global economic cost increased. Benchmarks in Tokyo and Sydney declined […]
New estimates showing a significant number of those infected with coronavirus show no symptoms are prompting top health officials in the United States to reconsider guidance on whether Americans should wear masks to curb the spread. Centers for Disease Control and Prevention (CDC) Director Dr. Robert Redfield told NPR that an estimated 25 percent of […]
Canadian Dollar: USD/CAD (CAD=X) Risk-Off Mode Helps U.S. Dollar USD/CAD moved higher as riskier assets experienced sell-off due to coronavirus-related worries. Three countries – U.S., Italy and Spain – have more than 100,000 cases each, and the U.S. is close to 200,000 cases. Recently, German Chancellor Angela Merkel indicated that social distancing measures will be in […]
British Pound: USD/GBP (GBP=X) massive resistance barrier at 1.25 The British pound has pulled back a bit during the trading session on Wednesday as we continue to see a lot of concerns out there when it comes to risk appetite. The 1.25 level above is a massive resistance barrier and the first thing I would point out […]
Euro: USD/EUR (EUR=X) Plunges The Euro has broken down significantly during the trading session on Wednesday, breaking through the 1.10 level and then breaking through the bottom of the candlestick from the previous session. That of course is a very negative sign, but I think we are probably going to see a lot of back and forth […]
Japanese Yen: USD/JPY (JPY=X) More bearish on souring risk sentiment The dollar held gains on Thursday as investors rushed to the security of the world’s most liquid currency as the coronavirus pandemic caused massive disruptions to global trade. The dollar index against a basket of major six currencies gained 0.53% overnight as the U.S. currency […]
Australian Dollar: USD/AUD (AUD=X) Dollar Roles Over The Australian dollar has initially tried to rally a bit during the trading session on Wednesday but has rolled over to reach towards the 0.60 level. That level should be psychologically important but if it doesn’t hold, we could very well fall towards the lows again. It should be noted […]
FTSE Bursa Malaysia KLCI (.KLSE) falls 28.23 points; Asian markets slugged Bursa Malaysia finished the first trading of the second quarter lower on Wednesday, in line with broader Asia markets. At closing, the FBM KLCI retreated 28.23 points, or 2.09% to 1,322.66. The index opened 5.99 points lower at 1,344.90 this morning. Losers outnumbered gainers […]
Gold 1 OZ (XAU=X) gains as virus-led economic concerns boost safety buying Gold prices firmed on Wednesday as investors sought safe-haven assets after sombre U.S. economic data exacerbated fears of an economic downturn amid increasing global restrictions and lockdowns to combat the coronavirus pandemic. Spot gold was up 0.9% at $1,585.08 an ounce by 11:02 […]
Silver 1 OZ 999 NY (XAG=X) looking very much like a market that is ready to rollover Silver markets have been drifting a bit lower over the last couple of days, as we said above the $14.00 level. If we can break down below that level, then it’s likely that we go much lower, perhaps down […]
Australia: S&P/ASX 200 (.AXJO) making strong gains Australia’s stock market carved its own path on Wednesday, making strong gains despite Asian markets falling and US futures pointing to a weak performance on Wall Street overnight. The energy sector – one of the most sold since the start of the year – led the gains with […]
Russian President Vladimir Putin will hold a government meeting on Wednesday by video conference, the Kremlin said, a day after a doctor who met Putin last week said he had been diagnosed with the virus. Denis Protsenko last week gave Putin a tour of Moscow’s main coronavirus hospital and shook hands with the Russian leader. […]
Apple Inc. (NASDAQ:AAPL) Buys Weather App Dark Sky in Undisclosed Deal Apple Inc. (AAPL) has acquired Dark Sky, a weather app, for an undisclosed sum. As a result of the deal, Dark Sky, which provides minute by minute weather forecasts, will terminate its Android and Wear OS versions in July, the company said in a […]
NASDAQ Composite (.IXIC) – U.S. stock futures tumble as coronavirus crisis intensifies U.S. stock index futures sank on Wednesday following stark predictions of a rising U.S. death toll and economic damage from the coronavirus outbreak, a day after the S&P 500 ended its worst quarter since the 2008 financial crisis. President Donald Trump on Tuesday […]
Dow Jones Industrial Average (.DJI) set for sharp drop after worst first quarter ever Dow futures pointed to a drop of more than 700 points at Wednesday’s open on the first day of April and the second quarter on Wall Street. White House officials are projecting 100,000 to 240,000 U.S. deaths from COVID-19, with fatalities peaking over […]
Tesla, Inc. (NASDAQ:TSLA) Stock Short Sellers Are Once Bitten, Twice Shy! The short interest in Tesla (NASDAQ:TSLA) stock has fallen sharply since October. The sharp rise in the stock price triggered a short squeeze. Bears lost billions of dollars as the stock rose to almost $1,000 earlier this year. Meanwhile, coronavirus fears caught up with […]
Twitter, Inc. (NYSE:TWTR) Metastock Technical Forecast This content is sponsored by Heffx and Metastock. Sign up today and receive 3 months for the price of 1. Twitter is an American microblogging and social networking service on which users post and interact with messages known as “tweets”. Registered users can post, like, and retweet tweets, but unregistered users can only read them. Users access Twitter through […]
Balance sheet and cash flow strengths are expected to buoy Facebook, Inc. (NASDAQ:FB) through the coronavirus-related downturn Balance sheet and cash flow strengths are expected to buoy Facebook through the coronavirus-related downturn. In fact, the social media company is expected not only to survive, but to thrive. “FB is benefiting from increasing user engagement as more people […]
United States Oil (USO) gains as US considers production cuts Nymex WTI crude price that fell to 2002 lows earlier this week has recovered nearly 10 percent to trade near $21.5 a barrel. In the last few days, we have seen twice that Nymex crude oil has bounced back after breaking below $20 a barrel. […]
Bitcoin: USD/BTC (BTC=X) Ends Q1 Down 10%, Outperforming Equities in Coronavirus Crisis Bitcoin ended the first quarter of 2020 down from the start of the year, but not as badly as the record-setting losses suffered by global equities. On a 24-hour basis, bitcoin (BTC) was in the green less than a percent Tuesday afternoon Eastern time and ether (ETH) […]
The UK FTSE 100 (.FTSE) rose marginally today after China’s factories showed signs of bouncing back in March, but still delivered its worst quarter since 1987 The FTSE 100 rose marginally today after China’s factories showed signs of bouncing back in March, but still delivered its worst quarter since 1987 as investors panic over coronavirus. […]
Shanghai: SSE Composite Index (.SSEC) stocks firm as investors expect more stimulus measures China stocks on Wednesday started the second quarter of the year on a firm note, as investors expected more stimulus measures to counter the economic impact from the coronavirus pandemic. At the midday break, the Shanghai Composite index was up 0.3% at […]
Canadian Dollar: USD/CAD (CAD=X) continues to experience major volatility USD/CAD continues to experience major volatility. The pair managed to settle above the resistance level at 1.4150, which opened the path to the test of the resistance level at 1.4330. However, a surprisingly good release of the Chicago PMI for March (47.8 vs consensus of 40) led […]
British Pound: USD/GBP (GBP=X) paying attention to the region is going to be crucial The British pound broke down significantly during the trading session on Tuesday but has bounced a bit as the Americans have stepped on board. This shows just how resilient the British pound is and as a result I think that we have quite […]
Euro: USD/EUR (EUR=X) sharply lower EUR/USD turned sharply lower yesterday which could be the first step in a trend reversal after a nearly 5% gain from last week’s low. The pair was weighed by a strong dollar as the greenback is seen broadly recovering against the major currencies after a notable fall last week. Home sales […]
Japanese Yen: USD/JPY (JPY=X) – US Dollar Attempts to Continue Move Higher Against Yen The US dollar has broken higher during the trading session on Tuesday, breaking above the candlestick that was so neutral and interesting on Monday. This suggests that we could go higher but we are also seeing a bit of the selloff as the […]
Australian Dollar: USD/AUD (AUD=X) sinks against mixed U.S. currency The Australian dollar eased against the greenback on Wednesday, despite the U.S. currency being mixed against most G10 currencies. At 07:00 (AEST), the Australian dollar was buying 61.47 U.S. cents, down from 61.70 U.S. cents on Tuesday. “AUD/USD’s sharpest price action was not linked to news […]
What is viral load? Your viral load is simply how much virus you have in your body – in medical terms it refers to how much virus is measured in a standard volume of fluid, usually blood or plasma. It is commonly used when talking about HIV – patients whose conditions are being well managed and are […]
WHO, FIFA launch joint campaign to equip football community to tackle COVID-19 FIFA, the international governing body of football, and the World Health Organization (WHO) have teamed up to combat the coronavirus (COVID-19) by launching a new awareness campaign led by world-renowned footballers, who are calling on all people around the world to follow five […]
FTSE Bursa Malaysia KLCI (.KLSE) closes higher but down 15% in 1Q, battered by Covid-19 Bursa Malaysia’s FBM KLCI ended Tuesday, the first quarter of 2020, on a downbeat note as the Covid-19 ravaged global and Asian markets, which was worse than the 2008 Global Financial Crisis. At 5pm, the KLCI was up 22.01 points […]
Hong Kong: HANG SENG INDEX (.HSI) now trading below its net asset value for only the third time in almost 30 years Hong Kong’s stocks are so beaten down that the Hang Seng Index is now trading below its net asset value for only the third time in almost 30 years. The 50-member benchmark was […]
Australia: S&P/ASX 200 (.AXJO) the big unknown, and it suggests markets are likely to remain volatile until this uncertainty is resolved The ASX 200 closed down 2 per cent or 104 points to 5,076. Earlier in the day, the benchmark indexhad jumped as high as 3.6 per cent, before suffering a sharp reversal in sentiment […]
Gold 1 OZ (XAU=X) on track for a sixth straight quarterly rise Gold prices dipped over 2% to their lowest in a week on Tuesday as the dollar firmed, but the metal was on track for a sixth straight quarterly rise on concerns of global economic damage due to the coronavirus pandemic. Spot gold fell 0.8% […]
Silver 1 OZ 999 NY (XAG=X) showing signs of exhaustion Silver markets did very little during the trading session to dissuade the sellers as we have been struggling to find direction. The market has recently pull back from the $15.00 level and it looks very likely that we are going to continue to see more bearish […]
Apple Inc. (NASDAQ:AAPL) iPhone 9 might launch as soon as this week Apple just unveiled a few new products, including the iPad Pro and new MacBook Air, but the first quarter of 2020 should also have brought us an exciting new iPhone. That was before the novel coronavirus ended normal life in the US and almost […]
