Alibaba Group Holding Limited (NYSE:BABA) should rebound now that the trade war is on pause

Alibaba Group Holding Limited (NYSE:BABA) should rebound now that the trade war is on pause

Alibaba Group Holding Limited (NYSE:BABA) should rebound now that the trade war is on pause  China e-commerce giant Alibaba (NYSE:BABA) has dropped into bear market territory quite simply because it is China’s e-commerce giant. Trade war tensions with the U.S. have created economic uncertainty in China. That uncertainty is starting to show up in slower growth and […]

Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance

Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance

Euro: USD/EUR (EUR=X) turning lower from Fibonacci resistance EUR/USD has managed to rally into the 76.4% retracement this morning, following on from a wider downturn from the 61.8% resistance at $1.1394. With a bearish, engulfing pattern looking likely from this resistance level, coupled with a wider bearish trend over recent months, another bearish period looks likely […]

Singapore: STI Index (.STI) manufacturing PMI contracts in November

Singapore: STI Index (.STI) manufacturing PMI contracts in November

Singapore: STI Index (.STI) manufacturing PMI contracts in November A Barometer of Singapore’s electronics manufacturing activity dipped into contractionary territory for the first time in more than two years in November, as US-China trade tensions and the peaking of the global semiconductor cycle weighed on sentiment. The latest electronics sector Purchasing Managers’ Index (PMI) extended […]

Shanghai: SSE Composite Index (.SSEC) 90-day trade war truce

Shanghai: SSE Composite Index (.SSEC) 90-day trade war truce

Shanghai: SSE Composite Index (.SSEC) 90-day trade war truce Stocks listed in mainland China and Hong Kong rose on Monday after Chinese president Xi Jinping and his US counterpart, Donald Trump, reached an agreement over the weekend to de-escalate the US-China trade war. On the mainland, the benchmark Shanghai Composite Index rose by 2.6 per […]

GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire

GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire

GOLD 1 OZ (XAU=X) Prices Pop On U.S.-China Trade War Cease-Fire Gold bears have still the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in February futures above solid resistance at the October high of $1,252.00. Bears’ next near-term downside price breakout objective is pushing prices below solid technical […]

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410

Australian Dollar: USD/AUD (AUD=X) expected to move higher to 0.7410 We have held the same view since last Thursday (29 Nov, spot at 0.7305) wherein the “the prospect of 0.7199 as a short-term bottom is quite high). We added, “confirmation of a short-term bottom is only upon a clear break above 0.7335/40”. AUD blast past […]

Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now

Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now

Japanese Yen: USD/JPY (JPY=X) expected to trade sideways for now We expected USD to “edge lower” since last Thursday (29 Nov, spot at 113.55) but it traded in a quiet manner and closed at about the same level on Thursday (113.47) and Friday (113.46). The mild downward momentum has eased and USD is still likely […]

SILVER 1 OZ 999 NY (XAG=X) agreement reached between the U.S. and China to a temporary halt

SILVER 1 OZ 999 NY (XAG=X) agreement reached between the U.S. and China to a temporary halt

SILVER 1 OZ 999 NY (XAG=X) agreement reached between the U.S. and China to a temporary halt Gold and silver prices are solidly up in early U.S. trading Monday, following the weekend agreement reached between the U.S. and China to a temporary halt their heretofore escalating trade war. Gold prices pushed to a three-week high […]

Australia: S&P/ASX 200 (.AXJO) rebounded after China and the United States agreed to a trade ceasefire at the G20 summit

Australia: S&P/ASX 200 (.AXJO) rebounded after China and the United States agreed to a trade ceasefire at the G20 summit

Australia: S&P/ASX 200 (.AXJO) rebounded after China and the United States agreed to a trade ceasefire at the G20 summit  Australian markets have rebounded after China and the United States agreed to a trade ceasefire at the G20 summit over the weekend. US President Donald Trump agreed to hold off for three months — until March 1 — […]

British Pound: USD/GBP (GBP=X) rally proving short-lived

British Pound: USD/GBP (GBP=X) rally proving short-lived

British Pound: USD/GBP (GBP=X) rally proving short-lived GBP/USD has been moving sharply higher this morning, yet just like EUR/USD, we are seeing the 76.4% Fibonacci resistance level respected. The trend over the past week has been one of consolidation, with a failure to break below the crucial $1.2661-$1.2696 support zone meaning we still await the next […]

Hong Kong: HANG SENG INDEX (.HSI) temporary pause on escalating the ongoing trade war

Hong Kong: HANG SENG INDEX (.HSI) temporary pause on escalating the ongoing trade war

Hong Kong: HANG SENG INDEX (.HSI) temporary pause on escalating the ongoing trade war Stocks in Asia saw gains on Monday after Presidents Donald Trump and Xi Jinping agreed to a temporary trade truce between the United States and China. The mainland Chinese markets, closely watched as a result of Beijing’s ongoing trade spat with […]

Alibaba Group Holding Limited (NYSE:BABA) sign of reaching a bottom

Alibaba Group Holding Limited (NYSE:BABA) sign of reaching a bottom

Alibaba Group Holding Limited (NYSE:BABA) sign of reaching a bottom Revenue and FCF are current key drivers for Alibaba’s capitalization growth. And the results of both of these indicators for the last quarter confirm that Alibaba’s undervaluation has increased. At the same time, technical indicators testify to a high probability that Alibaba’s stock reached its […]

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S.

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S.

United States Oil (USO) announcement of a 90-day pause on additional trade tariffs between China and the U.S. Oil prices surged on Monday after the United States and China agreed to a 90-day truce in their trade war, and ahead of a meeting this week by producer club OPEC that is expected to result in […]

Dow Jones Industrial Average (.DJI) President Donald Trump and Chinese President Xi Jinping agreement to halt new tariffs and avoid escalating the China trade war

Dow Jones Industrial Average (.DJI) President Donald Trump and Chinese President Xi Jinping agreement to halt new tariffs and avoid escalating the China trade war

Dow Jones Industrial Average (.DJI) President Donald Trump and Chinese President Xi Jinping agreement to halt new tariffs and avoid escalating the China trade war Dow Jones futures soared Sunday night, along with S&P 500 futures and Nasdaq futures following a tariff truce at the Trump-Xi meeting. President Donald Trump and Chinese President Xi Jinping […]

NASDAQ Composite (.IXIC) futures jump after Trump-Xi trade armistice

NASDAQ Composite (.IXIC) futures jump after Trump-Xi trade armistice

NASDAQ Composite (.IXIC) futures jump after Trump-Xi trade armistice U.S. stock index futures jumpedon Sunday, suggesting Wall Street was set rise further after itsbiggest weekly gain last week in nearly seven years as China andthe United States agreed to shelve any new tariffs and resetdiscussions. S&P 500 e-mini futures ESc1 were up 1.6 percent on […]

Tesla, Inc. (NASDAQ:TSLA) reached a daily production rate of 1,000 Model 3 cars per day

Tesla, Inc. (NASDAQ:TSLA) reached a daily production rate of 1,000 Model 3 cars per day

Tesla, Inc. (NASDAQ:TSLA) reached a daily production rate of 1,000 Model 3 cars per day Tesla has achieved a Model 3 production rate of 1,000 cars per day, according to electric vehicle blog Electrek. Producing cars at a rate of 1,000 per day would give a weekly production rate of 7,000 cars, assuming the factory […]

Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors

Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors

Bitcoin: USD/BTC (BTC=X) optimistic market expecting entry of institutional grade investors Technically, BTC/USD is bearish but with increasing adoption and an optimistic market expecting entry of institutional grade investors thanks to Fidelity Custodial Services, launch of NASDAQ Bitcoin Futures and a likely approval of Bitcoin ETF by the SEC, digital asset investors are set to […]

Alphabet Inc. (NASDAQ:GOOG) CEO hearing in U.S. House likely to be postponed

Alphabet Inc. (NASDAQ:GOOG) CEO hearing in U.S. House likely to be postponed

Alphabet Inc. (NASDAQ:GOOG) CEO hearing in U.S. House likely to be postponed The U.S. House Judiciary Committee will likely put off until next week a hearing with Google Chief Executive Sundar Pichai on the Alphabet Inc (O:GOOGL) unit’s social media practices because of the state funeral of former President George H.W. Bush, Chairman Bob Goodlatte […]

Twitter, Inc. (NYSE:TWTR) anticipated to report earnings of 10.40% per share for next year

Twitter, Inc. (NYSE:TWTR) anticipated to report earnings of 10.40% per share for next year

Twitter, Inc. (NYSE:TWTR) anticipated to report earnings of 10.40% per share for next year Twitter, Inc. (NYSE:TWTR) is anticipated to report earnings of 10.40% per share for next year, according to analysts. Analysts are expecting an EPS change of 151.40% for the current year. Wall Street analysts polled by Thomson Reuters have a current recommendation of […]

SILVER 1 OZ 999 NY (XAG=X) uncertainty on the outcome of the U.S.-China meeting on trade

SILVER 1 OZ 999 NY (XAG=X) uncertainty on the outcome of the U.S.-China meeting on trade

SILVER 1 OZ 999 NY (XAG=X) uncertainty on the outcome of the U.S.-China meeting on trade Gold and silver prices are moderately lower in early U.S. trading Friday, pressured by bearish outside market forces that include a firmer U.S. dollar index and weaker oil prices. February gold futures were last down $3.80 an ounce at […]

British Pound: USD/GBP (GBP=X) downside may be limited

British Pound: USD/GBP (GBP=X) downside may be limited

British Pound: USD/GBP (GBP=X) downside may be limited Fundamental Forecast for EUR/USD: Neutral – Both Italian politicians and European policymakers in Brussels remain entrenched in their respective negotiating positions, and now the European Commission is ready to punish Italy. – EUR/USD downside may be somewhat limited, particularly after the US Dollar’s fundamental backdrop eroded last […]

Singapore: STI Index (.STI) posted monthly gain amid trade worries

Singapore: STI Index (.STI) posted monthly gain amid trade worries

Singapore: STI Index (.STI) posted monthly gain amid trade worries Malaysia shares fell Friday capping quarterly earnings reporting seasons amid wild swings in commodity prices and heightened caution ahead of G-20 summit this weekend. Singapore stocks rose. The FBM KLCI ended 1% lower at 1679.86, dragging the monthly loss at 1.7%. Most sectors in Malaysia […]

GOLD 1 OZ (XAU=X) Consolidating

GOLD 1 OZ (XAU=X) Consolidating

GOLD 1 OZ (XAU=X) Consolidating February Comex Gold futures finished lower on Friday, completing a mostly sideways trade that ended with a lower close on the weekly chart. The market was primarily supported by a dovish outlook for interest rates, but gains were capped by a stronger U.S. Dollar. Safe-haven buying continued to support the dollar, […]

Hong Kong: HANG SENG INDEX (.HSI) overtakes Japan as the world’s 2nd biggest economy

Hong Kong: HANG SENG INDEX (.HSI) overtakes Japan as the world’s 2nd biggest economy

Hong Kong: HANG SENG INDEX (.HSI) overtakes Japan as the world’s 2nd biggest economy When it comes to paying up for the world’s common causes, like human rights, open-source research, climate change, ravages of war and famine in faraway countries, China likes to stress that as a poor country it lacks the means and urgencies […]

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit

Australian Dollar: USD/AUD (AUD=X) has entered a period of tighter credit Australia has entered a period of tighter credit, as regulators look to bring down reliance on the housing market. The Royal Commission has made this scenario worse, as banks under intense spotlight retreat from the public eye. Australians have considerable wealth stored in housing […]

Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low

Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low

Euro: USD/EUR (EUR=X) Expectations are tempered with volatility low CHOPPY EURO PRICE ACTION BUILDING A TRIANGLE The bad news is that price action of late has been choppy and uninspiring, unless of course you favor mean reversion or range trading, in which case this has been your market. The good news for those looking for […]

Japanese Yen: USD/JPY (JPY=X) may continue to consolidate

Japanese Yen: USD/JPY (JPY=X) may continue to consolidate

Japanese Yen: USD/JPY (JPY=X) may continue to consolidate  USD/JPY marks another failed attempt to test the 2018-high (114.55)as Fed Chairman Jerome Powell tames speculation for an extended hiking-cycle,and the dollar-yen exchange rate may continue to consolidate ahead of the next interest rate decision on December 19 as it preserves the range for November. The reaction […]

Australia: S&P/ASX 200 (.AXJO) Expected to Open Higher

Australia: S&P/ASX 200 (.AXJO) Expected to Open Higher

Australia: S&P/ASX 200 (.AXJO) Expected to Open Higher Australian shares are set to open higher before a huge week of local data including third quarter growth statistics on Wednesday. Ahead of the GDP report however is tomorrow’s RBA policy meeting. ASX futures were 25 points higher over the weekend. Today the focus is likely to be […]

Australia: S&P/ASX 200 (.AXJO) gains in the IT, Materials and Metals & Mining

Australia: S&P/ASX 200 (.AXJO) gains in the IT, Materials and Metals & Mining

Australia: S&P/ASX 200 (.AXJO) gains in the IT, Materials and Metals & Mining Australia stocks were higher after the close on Thursday, as gains in the IT, Materials and Metals & Mining sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 0.58%. The best performers of the session on the S&P/ASX […]

Hong Kong: HANG SENG INDEX (.HSI) investors remain wary ahead of the upcoming G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) investors remain wary ahead of the upcoming G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) investors remain wary ahead of the upcoming G20 meeting China shares rose on Thursday morning on hopes for policy support and as U.S. Federal Reserve Chairman Jerome Powell made comments interpreted as a dovish shift, but investors remain wary ahead of the upcoming G20 meeting in Argentina. At the […]

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies

Australian Dollar: USD/AUD (AUD=X) strong gains against most major currencies The Australian dollar surged on Wednesday as doubts about the pace of rate hikes from the US Federal Reserve resurfaced. After doing very little for the majority of the session, the AUD/USD jackknifed higher in North American trade, fueled by remarks from US Federal Reserve […]

Euro: USD/EUR (EUR=X) given a boost by falling US dollar

Euro: USD/EUR (EUR=X) given a boost by falling US dollar

Euro: USD/EUR (EUR=X) given a boost by falling US dollar The weakening of the US dollar has prompted a sharp rebound in EUR/USD, and the price is now testing the area above the Monday high of $1.138. Further gains target the $1.147 area that was strong resistance earlier in the month. Some retracement of the sharp […]

Japanese Yen: USD/JPY (JPY=X) gives back gains

Japanese Yen: USD/JPY (JPY=X) gives back gains

Japanese Yen: USD/JPY (JPY=X) gives back gains After falling sharply, USD/JPY may try to rebound, but it will need to recover ¥113.60 otherwise a more bearish view begins to emerge. Below ¥113.20 the price heads towards ¥112.40. Overall, the bias in prices is: Sideways. The projected upper bound is: 114.56. The projected lower bound is: 112.30. The […]

Singapore: STI Index (.STI) hopes of China-US trade truce

Singapore: STI Index (.STI) hopes of China-US trade truce

Singapore: STI Index (.STI) hopes of China-US trade truce Asian markets mostly saw moderate gains yesterday, as the latest positive turn in the Trump-Xi dalliance gave stocks a mild mid-week boost. Singapore stocks ended higher with the Straits Times Index rising 4.08 points, or 0.1 per cent to 3,094.48. Gainers outnumbered losers 225 to 146, […]

GOLD 1 OZ (XAU=X) U.S. interest rates are just below “neutral” levels

GOLD 1 OZ (XAU=X) U.S. interest rates are just below “neutral” levels

GOLD 1 OZ (XAU=X) U.S. interest rates are just below “neutral” levels Technically, the gold bears still have the overall near-term technical advantage but the bulls have gained some upside momentum late this week. Gold bulls’ next upside near-term price breakout objective is to produce a close in February futures above solid technical resistance at […]

Shanghai: SSE Composite Index (.SSEC) weak sentiment ahead of G20 meeting

Shanghai: SSE Composite Index (.SSEC) weak sentiment ahead of G20 meeting

Shanghai: SSE Composite Index (.SSEC) weak sentiment ahead of G20 meeting China’s stock markets fell on Thursday as fragile investor sentiment shattered earlier gains, and as trading volumes remained lighter than average ahead of a widely anticipated meeting between the U.S. and Chinese presidents this weekend. At the close, the Shanghai Composite index was 1.4 […]

SILVER 1 OZ 999 NY (XAG=X) No Reaction To FOMC Minutes

SILVER 1 OZ 999 NY (XAG=X) No Reaction To FOMC Minutes

SILVER 1 OZ 999 NY (XAG=X) No Reaction To FOMC Minutes Gold prices are steady to slightly lower in early-afternoon U.S. trading Thursday, as the market paused and consolidated after the gains seen on Wednesday. February gold futures were last down $0.70 an ounce at $1,229.10. March Comex silver was down $0.075 at $14.38 an […]

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai will give evidence to the House Judiciary Committee

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai will give evidence to the House Judiciary Committee

Alphabet Inc. (NASDAQ:GOOG) CEO Sundar Pichai will give evidence to the House Judiciary Committee Google CEO Sundar Pichai is going to face Congress for the first time next week, according to The Washington Post. Pichai will be grilled by the House Judiciary Committee on 5 December, during which he will face questions from Republicans who […]

NASDAQ Composite (.IXIC) Investors Need Trade Talk Progress to Sustain Rally

NASDAQ Composite (.IXIC) Investors Need Trade Talk Progress to Sustain Rally

NASDAQ Composite (.IXIC) Investors Need Trade Talk Progress to Sustain Rally The major stock indexes in Asia are trading higher early Thursday, following the lead set by Wall Street on Wednesday. With Fed Chair Jerome Powell’s speech out of the way, investor focus will shift to the crucial meeting between President Donald Trump and Chinese […]

Facebook, Inc. (NASDAQ:FB) Mistrust Will Hurt FB Stock

Facebook, Inc. (NASDAQ:FB) Mistrust Will Hurt FB Stock

Facebook, Inc. (NASDAQ:FB) Mistrust Will Hurt FB Stock In an article published on Oct. 25, I noted that Facebook had made multiple, alleged misstatements. I quoted Facebook’s VP, Business and Marketing Partnerships, David Fischer, as saying in 2016 that, “We know we can’t have true partnerships with our clients unless we are upfront and honest […]

Apple Inc. (NASDAQ:AAPL) should rise modestly in coming years

Apple Inc. (NASDAQ:AAPL) should rise modestly in coming years

Apple Inc. (NASDAQ:AAPL) should rise modestly in coming years f you’re a shorter-term trader, it’s not that important to think about long-term valuation and earnings growth. In that case, quarterly earnings and technical analysis tend to be more relevant. But Apple stock is, at least among tech companies, viewed as a long-term sleep well at […]

Tesla, Inc. (NASDAQ:TSLA) racked up one billion miles driven on Autopilot

Tesla, Inc. (NASDAQ:TSLA) racked up one billion miles driven on Autopilot

Tesla, Inc. (NASDAQ:TSLA) racked up one billion miles driven on Autopilot Tesla has passed an impressive milestone. The carmaker’s vehicles have racked up one billion miles driven on Autopilot, the company’s semi-self-driving system, Tesla said. That number represents 10% of all miles driven by Teslas since 2012, when the Model S sedan first appeared in the […]

Twitter, Inc. (NYSE:TWTR) upward trend

Twitter, Inc. (NYSE:TWTR) upward trend

Twitter, Inc. (NYSE:TWTR) upward trend Overall, the bias in prices is: Sideways. Note: this chart shows extraordinary price action to the upside. The projected upper bound is: 35.84. The projected lower bound is: 29.76. The projected closing price is: 32.80. Candlesticks A black body occurred (because prices closed lower than they opened). During the past […]

Dow Jones Industrial Average (.DJI) biggest rally in eight months

Dow Jones Industrial Average (.DJI) biggest rally in eight months

Dow Jones Industrial Average (.DJI) biggest rally in eight months Stocks ripped higher on Wednesday after Federal Reserve Chairman Jerome Powell said interest rates are close to neutral, a change in tone from remarks the central bank chief made nearly two months ago. The Dow Jones Industrial Average climbed 617.70 points, or 2.5 percent, to […]

United States Oil (USO) record levels for three consecutive weeks

United States Oil (USO) record levels for three consecutive weeks

United States Oil (USO) record levels for three consecutive weeks The U.S. Energy Information Administration (EIA) estimated on Wednesday that U.S. crude oil production last week was 11.7 million barrels per day, remaining the record levels for three consecutive weeks. U.S. crude oil output for the week one year ago was 9.7 million barrels per […]

Alibaba Group Holding Limited (NYSE:BABA) riding a rocky road lately

Alibaba Group Holding Limited (NYSE:BABA) riding a rocky road lately

Alibaba Group Holding Limited (NYSE:BABA) riding a rocky road lately Alibaba (NYSE:BABA) has been in the spotlight lately amid constant trade war headlines and some investors have thrown BABA stock in the gutter as a result, but now might be the time for investors to take a second look. The company recently reported yet another […]

Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec

Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec

Bitcoin: USD/BTC (BTC=X) Could Rally To $6,000 by Dec After weeks–and even months– of lower lows that have seen Bitcoin drop from $20,000 to just over $3,500, hints are beginning to emerge of a possible recovery. So far, BTC/USD is down five percent in the last week—revealing  the much needed correction as it was down 20 percent […]

Australia: S&P/ASX 200 (.AXJO) investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping

Australia: S&P/ASX 200 (.AXJO) investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping

Australia: S&P/ASX 200 (.AXJO) investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping Asia markets were mostly higher on Wednesday after a cautious start as investors wait for an important meeting between U.S. President Donald Trump and Chinese leader Xi Jinping later this week. The mainland Chinese markets […]

Euro: USD/EUR (EUR=X) continues to break lower

Euro: USD/EUR (EUR=X) continues to break lower

Euro: USD/EUR (EUR=X) continues to break lower EUR/USD has been ramping up the selling in the wake of the reversal from trendline resistance. This continues the wider trend of lower highs, with a break below the $1.1216 level required to bring about a new lower low. With a long-term descending trendline down below, a break below […]

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise

Australian Dollar: USD/AUD (AUD=X) Claws Back Losses as Iron Ore Prices Rise The Australian Dollar US Dollar (AUD/USD) exchange rate has been volatile over the past twenty-four hours, and is currently trading at a rate of $0.7234 with the ‘Aussie’ making an attempt to push back against the ‘Greenback’. Tuesday saw iron ore spot markets […]

Shanghai: SSE Composite Index (.SSEC) all eyes on G20 summit

Shanghai: SSE Composite Index (.SSEC) all eyes on G20 summit

Shanghai: SSE Composite Index (.SSEC) all eyes on G20 summit China’s main stock market indexes rebounded on Wednesday morning amid hopes that government support for the market could begin to bear fruit, but all eyes remain focused on the upcoming G20 summit for signs of easing trade war tensions. At the midday break, China’s blue-chip […]

GOLD 1 OZ (XAU=X) struggling to make gains

GOLD 1 OZ (XAU=X) struggling to make gains

GOLD 1 OZ (XAU=X) struggling to make gains The gold market remains on the back foot, struggling to make gains despite little change in an update reading of the U.S. economy. Wednesday, the second preliminary reading of U.S. Gross Domestic Product showed that the economy grew 3.5% in the third quarter, unchanged from the previous […]

Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low

Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low

Canadian Dollar: USD/CAD (CAD=X) rallies into five-month low USD/CAD has managed to rally through the $1.3317 resistance level, continuing the bullish trend of higher highs and higher lows that has been in place for two months. That also sees the pair respect the rising channel, with trendline resistance up ahead. With that in mind, further gains […]

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting

Hong Kong: HANG SENG INDEX (.HSI) traders bank on the chance of a US-China trade detente from the G20 meeting The Hang Seng Index rose 1.3 per cent and the Shanghai Composite Index added 1.1 per cent for the first gain in five days. Tencent Holdings gained the most in almost two weeks in Hong […]

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70

Japanese Yen: USD/JPY (JPY=X) under selling pressure and drops to 113.70 The pair has now faded the earlier spike to multi-day highs in the 113.90 area and it has returned to the 113.70 region, turning negative for the day. The now bearish performance in spot follows the drop in yields of the key US 10-year […]

British Pound: USD/GBP (GBP=X) consolidating at key support level

British Pound: USD/GBP (GBP=X) consolidating at key support level

British Pound: USD/GBP (GBP=X) consolidating at key support level GBP/USD has managed to remain above the $1.2823 support level this morning, following a fall into the crucial $1.2723 support level. The bearish trend looks likely to sustain given the rising likeliness of a harder form of Brexit, with UK Prime Minister Theresa May’s proposal failing to […]

SILVER 1 OZ 999 NY (XAG=X) may be on pace for the lowest totals in more than a decade

SILVER 1 OZ 999 NY (XAG=X) may be on pace for the lowest totals in more than a decade

SILVER 1 OZ 999 NY (XAG=X) may be on pace for the lowest totals in more than a decade U.S. Mint sales of gold and silver coins may be on pace for the lowest totals in more than a decade, said the consultancy Metals Focus. Price is a factor that affects coin sales. Further, the 2016 […]

Singapore: STI Index (.STI) resh threats from United States President Donald Trump to widen the scope of tariffs

Singapore: STI Index (.STI) resh threats from United States President Donald Trump to widen the scope of tariffs

Singapore: STI Index (.STI) resh threats from United States President Donald Trump to widen the scope of tariffs Local shares snapped four days of gains yesterday after fresh threats from United States President Donald Trump to widen the scope of tariffs on Chinese imports spooked investors. The cautious mood sent the Straits Times Index (STI) […]

Apple Inc. (NASDAQ:AAPL) weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker

Apple Inc. (NASDAQ:AAPL) weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker

Apple Inc. (NASDAQ:AAPL) weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker The stock of Apple is “front and center” in this bear market, and the weakness won’t unwind until investors get more clarity on what the future holds for the iPhone maker, CNBC’s Jim Cramer said […]

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China

Alphabet Inc. (NASDAQ:GOOG) has ‘a chance’ to make a comeback in China One of the first investors in China’s biggest search engine said Tuesday that Google has “a chance” of making it in China. Speaking at the CNBC East Tech West conference in the Nansha district of Guangzhou, China, the managing partner of venture capital […]

Facebook, Inc. (NASDAQ:FB) U.K. lawmakers could release documents that expose more of Facebook’s privacy policies

Facebook, Inc. (NASDAQ:FB) U.K. lawmakers could release documents that expose more of Facebook’s privacy policies

Facebook, Inc. (NASDAQ:FB) U.K. lawmakers could release documents that expose more of Facebook’s privacy policies Tech giants like Amazon.com (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOGL, NASDAQ:GOOG) have deserved a great deal of the criticism they’ve garnered of late for prying a little too deeply into users’ digital lives. Neither company, however, has experienced the kind of scrutiny […]

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books

Netflix, Inc. (NASDAQ:NFLX) deal to animate Roald Dahl books Netflix is pushing further into kids content with a new deal to animate popular Roald Dahl books. The company announced Tuesday that it plans to roll out “animated event series and specials” based on books like “Charlie and the Chocolate Factory,” “The BFG,” “Matilda” and “The […]

Alibaba Group Holding Limited (NYSE:BABA) Alibaba chairman has been a Communist Party member since his college days

Alibaba Group Holding Limited (NYSE:BABA) Alibaba chairman has been a Communist Party member since his college days

Alibaba Group Holding Limited (NYSE:BABA) Alibaba chairman has been a Communist Party member since his college days Jack Ma, executive chairman of China’s largest e-commerce platform Alibaba, has been a member of the 89.6 million-strong Communist Party since his university days in the 1980s. Alibaba owns the South China Morning Post. Back then, Ma was […]

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance

Bitcoin: USD/BTC (BTC=X) struggled to break the $4,120 resistance Yesterday, we saw a short term upside move above $3,600 and $3,800 in bitcoin price against the US Dollar. The BTC/USD pair traded above the $4,000 barrier as well, but it failed to hold gains. The price was rejected near the $4,100 barrier and the 100 […]

Dow Jones Industrial Average (.DJI) rise on hopes for a US-China trade truce

Dow Jones Industrial Average (.DJI) rise on hopes for a US-China trade truce

Dow Jones Industrial Average (.DJI) rise on hopes for a US-China trade truce Stocks closed higher after a choppy session on Tuesday as comments from President Donald Trump’s top economic advisor sparked some hope the U.S. and China will strike a compromise on trade. The Dow Jones Industrial Average rose 108.49 points to 24,748.73, while […]

NASDAQ Composite (.IXIC) President Donald Trump and Chinese President Xi Jinping are scheduled to meet later this week

NASDAQ Composite (.IXIC) President Donald Trump and Chinese President Xi Jinping are scheduled to meet later this week

NASDAQ Composite (.IXIC) President Donald Trump and Chinese President Xi Jinping are scheduled to meet later this week Stocks closed slightly higher in a choppy session as the Dow Jones Industrial Average and S&P 500 outperformed the Nasdaq Composite Index. The Dow tumbled early in the session but managed to climb back and close higher […]

Twitter, Inc. (NYSE:TWTR) deserves a special consideration

Twitter, Inc. (NYSE:TWTR) deserves a special consideration

Twitter, Inc. (NYSE:TWTR) deserves a special consideration Not all social media stocks are created equal. Consider Twitter (NYSE:TWTR), for example. Experts judge it on its user metrics strictly from the counts. Wall Street is obsessed with the number of active members, and this is a problem for the stock. This also ties it to stocks […]

Tesla, Inc. (NASDAQ:TSLA) report says China sales sank 70% in October

Tesla, Inc. (NASDAQ:TSLA) report says China sales sank 70% in October

Tesla, Inc. (NASDAQ:TSLA) report says China sales sank 70% in October Shares of electric car maker Tesla fell in Tuesday’s premarket following a report that its vehicle sales in China plunged 70 percent in October from a year ago. An official at China’s passenger car association reportedly told Reuters that data from the industry body […]

United States Oil (USO) edges lower ahead of G-20

United States Oil (USO) edges lower ahead of G-20

United States Oil (USO) edges lower ahead of G-20 Oil prices dipped on Tuesday, weighed down by uncertainty over the US-China trade war and signs of increased global crude production, but losses were limited by expectations that crude exporters would agree to cut output at an upcoming Opec meeting. Brent crude futures fell 27 cents […]

Shanghai: SSE Composite Index (.SSEC) stocks drop as concerns about trade war resurface

Shanghai: SSE Composite Index (.SSEC) stocks drop as concerns about trade war resurface

Shanghai: SSE Composite Index (.SSEC) stocks drop as concerns about trade war resurface Stocks in Hong Kong and China both fell on Tuesday on concerns that the world’s two largest economies will fail to reach any agreement on resolving the trade war at the G20 summit later this week. China stocks were mixed after the […]

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh

British Pound: USD/GBP (GBP=X) slumps as Brexit worries weigh Expectations of a frosty reception in Parliament for the UK’s Withdrawal Agreement have driven more downside in GBP/USD, and the price is now heading towards the lows of late October at $1.2680, and then the August low at $1.2661. Rallies of late have run into heavy selling […]

Singapore: STI Index (.STI) upbeat on surging crude oil prices and global trade optimism

Singapore: STI Index (.STI) upbeat on surging crude oil prices and global trade optimism

Singapore: STI Index (.STI) upbeat on surging crude oil prices and global trade optimism The Singapore stock market has moved higher in four straight sessions, advancing almost 65 points or 2.1 percent along the way. The Straight Times Index now rests just above the 3,090-point plateau and it’s got another green light again on Tuesday. […]

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers

Euro: USD/EUR (EUR=X) back down as dollar recovers The sellers have reasserted their control over the last few days, with the EUR/USD’s rally towards $1.15 providing a selling opportunity. Below $1.13 the price heads towards to the $1.1215 lows of earlier in the month. In the short term, the price may bounce, but any move back towards […]

Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting

Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting

Hong Kong: HANG SENG INDEX (.HSI) investors mulled the pending G-20 meeting The Hong Kong Hang Seng Index traded evenly and fell slightly on Tuesday, shrugging off positive Wall Street cues as investors mulled the pending G-20 meeting and the prospects for higher interest rates in the US. President Donald Trump is expected to meet […]

Australia: S&P/ASX 200 (.AXJO) Financials Lift

Australia: S&P/ASX 200 (.AXJO) Financials Lift

Australia: S&P/ASX 200 (.AXJO) Financials Lift Australia stocks were higher after the close on Tuesday, as gains in the IT, Telecoms Services and Financials sectors led shares higher. At the close in Sydney, the S&P/ASX 200 gained 1.00%. The best performers of the session on the S&P/ASX 200 were Afterpay Touch Group Ltd (AX:APT), which […]

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next

Canadian Dollar: USD/CAD (CAD=X) US consumer confidence next The Canadian dollar is almost unchanged in the Tuesday session. Currently, USD/CAD is trading at 1.3244, down 0.06% on the day. In economic news, there are no Canadian events. The U.S. releases CB Consumer Confidence, which is forecast to dip to 136.2 points. On Wednesday, the U.S. publishes Preliminary […]

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives

Japanese Yen: USD/JPY (JPY=X) rally revives The dollar continues to find its feet, with a sustained pickup in USD/JPY over the past week. Gains yesterday stalled at ¥113.64, but above here the ¥114.00 area comes into view, followed by the peak from October at ¥114.50. Dips towards ¥113.00 would still be potential buying opportunities. Overall, the bias […]

Tesla, Inc. (NASDAQ:TSLA) vehicle sales in China sank 70 percent last month from a year ago

Tesla, Inc. (NASDAQ:TSLA) vehicle sales in China sank 70 percent last month from a year ago

Tesla, Inc. (NASDAQ:TSLA) vehicle sales in China sank 70 percent last month from a year ago Tesla’s vehicle sales in China sank 70 percent last month from a year ago, the country’s passenger car association told Reuters on Tuesday, underscoring how the Sino-U.S. trade war is hurting the U.S. electric carmaker. An official from China […]

Alibaba Group Holding Limited (NYSE:BABA) officially confirmed as a member of the Communist Party

Alibaba Group Holding Limited (NYSE:BABA) officially confirmed as a member of the Communist Party

Alibaba Group Holding Limited (NYSE:BABA) officially confirmed as a member of the Communist Party Jack Ma, co-founder of China’s most valuable company, was officially confirmed as a member of the Communist Party in a state-backed newspaper recognizing business leaders for their contributions to the country’s development. Ma, co-founder and chairman of e-commerce giant Alibaba Group Holding […]

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500

Bitcoin: USD/BTC (BTC=X) remains in a downtrend as long as it is below $4,500 There were continuous declines in bitcoin price from the $5,700 swing high against the US Dollar. BTC/USD declined steadily and broke many supports, including $4,800, $4,400, $4,020 and $3,860. A new yearly low was formed at $3,651 and later the price […]

Apple Inc. (NASDAQ:AAPL) facing multiple negative catalysts

Apple Inc. (NASDAQ:AAPL) facing multiple negative catalysts

Apple Inc. (NASDAQ:AAPL) facing multiple negative catalysts Apple (NASDAQ:AAPL) stock bulls are overlooking multiple, large negative catalysts that the company is facing in the short-to-medium term. Given these strong headwinds, many of which are interrelated and feed on each other, the Apple stock price will probably be significantly lower in six months from where it […]

Dow Jones Industrial Average (.DJI) books best day in three weeks on Cyber Monday

Dow Jones Industrial Average (.DJI) books best day in three weeks on Cyber Monday

Dow Jones Industrial Average (.DJI) books best day in three weeks on Cyber Monday U.S. stock benchmarks staged a powerful rebound to end Monday trade following the worst Thanksgiving week performance since 2011. The Dow Jones Industrial Average DJIA, +1.46% closed with a gain of about 354 points, or 1.5%, at 24,640, the S&P 500 […]

United States Oil (USO) weighed down by an emerging supply overhang

United States Oil (USO) weighed down by an emerging supply overhang

United States Oil (USO) weighed down by an emerging supply overhang International Brent crude oil futures LCOc1 briefly dipped below $60 per barrel before rising back to $60.33 at 0746 GMT, down 15 cents, or 0.3 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.24 per barrel, down […]

Facebook, Inc. (NASDAQ:FB) multi-year upside is compelling

Facebook, Inc. (NASDAQ:FB) multi-year upside is compelling

Facebook, Inc. (NASDAQ:FB) multi-year upside is compelling The recent stock market rout has been unkind to hyper-growth glamour stocks, and especially so to Facebook (NASDAQ:FB). The digital-advertising and social-media juggernaut has been plagued by data-protection scandals, regulatory threats, slowing growth, and falling margins, all against the backdrop of a market worried about a looming recession. […]

NASDAQ Composite (.IXIC) Cautious Note After Trump’s Tariff Threat

NASDAQ Composite (.IXIC) Cautious Note After Trump’s Tariff Threat

NASDAQ Composite (.IXIC) Cautious Note After Trump’s Tariff Threat European stocks are likely to open on a cautious note Tuesday after U.S. President Donald Trump said he would likely raise the punitive tariffs on $200 billion of Chinese goods. He also threatened to impose tariffs on all remaining Chinese imports, if upcoming trade talks fail […]

Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View

Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View

Alphabet Inc. (NASDAQ:GOOG) paid $US1 billion to buy a large business park near its Mountain View Google has paid $US1 billion to buy a large business park near its Mountain View, California, headquarters, according to a Mercury News report on Monday. The business park Google will acquire in the deal is larger than the Googleplex […]

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown

Euro: USD/EUR (EUR=X) rebounding amid recent breakdown EUR/USD has been breaking lower since hitting trendline resistance last week. The fall below trendline support led us to further declines, with the short term creation of lower highs and lower lows providing us with the potential of further downside from here. Given this recent period of weakness, there […]

GOLD 1 OZ (XAU=X) supported by fears of a slowdown

GOLD 1 OZ (XAU=X) supported by fears of a slowdown

GOLD 1 OZ (XAU=X) supported by fears of a slowdown Gold futures are trading higher on Monday shortly before the regular session opening. The market is being supported by fears of a slowdown in global economic growth which could curtail central bank attempts to raise rates, especially the U.S. Federal Reserve. Uncertainty over trade dispute […]