Shanghai: SSE Composite Index (.SSEC) shares climb on China stimulus move

Shanghai: SSE Composite Index (.SSEC) shares climb on China stimulus move

Shanghai: SSE Composite Index (.SSEC) shares climb on China stimulus move Asian shares climbed Monday, as investors embraced a move by China that could help lower borrowing rates for companies, and signals that trade talks between Washington and Beijing could be improving. On Saturday, the People’s Bank of China unveiled a key interest rate reform aimed […]

Hong Kong: Hang Seng Index (.HSI) several developments drove optimism

Hong Kong: Hang Seng Index (.HSI) several developments drove optimism

Hong Kong: Hang Seng Index (.HSI) several developments drove optimism Hong Kong and Chinese stocks are rallying on Monday after China revealed measures to protect and boost its economy. Hong Kong’s Hang Seng Index (HSI) ended up 2.2%, the biggest daily percentage gain in two months. China’s Shanghai Composite Index (SHCOMP) closed 2.1% higher, also […]

UK FTSE 100 (.FTSE) Investors remain cautious

UK FTSE 100 (.FTSE) Investors remain cautious

UK FTSE 100 (.FTSE) Investors remain cautious The FTSE 100 closed up 72.50 points at 7189.65 and the pound was at $1.21 against the dollar. Investors remain cautious as they continue to juggle a lethal cocktail of US-China trade wars, tensions in Hong Kong, a slowing global economy, uncertainty in Italy and Brexit.  Meanwhile, the […]

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10

Gold 1 OZ (XAU=X) solid technical resistance $1,546.10 Technically, December gold futures prices closed near mid-range today. The bulls still have the solid overall near-term technical advantage. A 2.5-month-old uptrend is in place on the daily bar chart. There are still no significant, early chart clues to suggest a market top is close at hand. Gold bulls’ […]

Canadian Dollar: USD/CAD (CAD=X) rise marked by grinding price action, may fail

Canadian Dollar: USD/CAD (CAD=X) rise marked by grinding price action, may fail

Canadian Dollar: USD/CAD (CAD=X) rise marked by grinding price action, may fail The U.S. Dollar has been rallying against the Canadian Dollar since last month, but the rise in USDCAD hasn’t been particularly strong and has slowed even further in recent sessions. Sluggish price action suggests a break to the downside could soon be in the works. But before […]

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750

Australian Dollar: USD/AUD (AUD=X) support build from 0.6750 I had looked at this one in this week’s Technical Forecast, asking the question as to whether the Aussie has finally found some element of support. It’s been a brutal year, to be sure, and this extends a bearish run that started in January of 2018 when the […]

United States Oil (USO) Recession Fears Kept Lid on Prices

United States Oil (USO) Recession Fears Kept Lid on Prices

United States Oil (USO) Recession Fears Kept Lid on Prices Recession fears were raised earlier in the week after the bond market flashed a troubling signal about the U.S. economy. This increased worries over lower future demand. The fears were triggered when the yield on the benchmark 10-year Treasury note briefly broke below the two […]

Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Limited (NYSE:BABA)

Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Limited (NYSE:BABA)

Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Limited (NYSE:BABA) Hong Kong’s political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned US$15 billion listing in the city, with sources saying China’s biggest e-commerce company is now considering several timetables. New York-listed Alibaba was […]

Bitcoin: USD/BTC (BTC=X) price climbed above the $10,200 and $10,300 resistance levels to start a decent recovery

Bitcoin: USD/BTC (BTC=X) price climbed above the $10,200 and $10,300 resistance levels to start a decent recovery

Bitcoin: USD/BTC (BTC=X) price climbed above the $10,200 and $10,300 resistance levels to start a decent recovery Bitcoin is down about 1.81% from the previous day, putting its price at $10,212.66 US dollars at the time of this writing. The past 24 hours mark a reversal in price from the day prior. It should be […]

Coronet set to bow out on QIPCO British Champions Day

Coronet set to bow out on QIPCO British Champions Day

Mare will have her final race at Ascot on October 19 after gaining a second Group One success in France. Coronet is set to have the final run of her career on QIPCO British Champions Day at Ascot on October 19 after providing John Gosden and Frankie Dettori with yet another Group One winner in […]

NVIDIA Corporation (NASDAQ:NVDA) managed to defy the odds during its fiscal second quarter with earnings and revenue that came in higher than expected

NVIDIA Corporation (NASDAQ:NVDA) managed to defy the odds during its fiscal second quarter with earnings and revenue that came in higher than expected

NVIDIA Corporation (NASDAQ:NVDA) managed to defy the odds during its fiscal second quarter with earnings and revenue that came in higher than expected Still reeling from the fallout of the cryptocurrency boom, Nvidia Corporation (NASDAQ: NVDA) managed to defy the odds during its fiscal second quarter with earnings and revenue that came in higher than […]

Baidu, Inc. (NASDAQ:BIDU) Flawless balance sheet and good value

Baidu, Inc. (NASDAQ:BIDU) Flawless balance sheet and good value

Baidu, Inc. (NASDAQ:BIDU) Flawless balance sheet and good value BIDU’s share price is trading below its true value according to its price-to-earnings ratio of 11.65x compared to its industry as well as the wider stock market, so potential investors can purchase the stock below its value. BIDU’s strong financial health means that all of its […]

Alphabet Inc. (NASDAQ:GOOG) Huawei Technologies could replace Google’s Android on devices

Alphabet Inc. (NASDAQ:GOOG) Huawei Technologies could replace Google’s Android on devices

Alphabet Inc. (NASDAQ:GOOG) Huawei Technologies could replace Google’s Android on devices Google stock slipped on Friday as smartphone maker Huawei Technologies debuted in-house software that could replace Google’s Android on devices. After popping on parent Alphabet‘s (GOOGL) second-quarter earnings, Google stock retreated close to its 50-day moving average. China’s Huawei showcased its “HarmonyOS” operating system Friday […]

Dow Jones Industrial Average (.DJI) prepares for a volatile day

Dow Jones Industrial Average (.DJI) prepares for a volatile day

Dow Jones Industrial Average (.DJI) prepares for a volatile day Stock’s ended Friday’s trading session higher, ending a wild week for Wall Street featuring gains and losses, which see-sawed each session. This behavior suggests investors are grappling between headline-driven events (whether bond yields or tariffs) and the potential risks those offer towards the present. The major averages […]

Twitter, Inc. (NYSE:TWTR) to expect third-quarter revenue between $815 million and $875 million

Twitter, Inc. (NYSE:TWTR) to expect third-quarter revenue between $815 million and $875 million

Twitter, Inc. (NYSE:TWTR) to expect third-quarter revenue between $815 million and $875 million Shares of Twitter (NYSE: TWTR) climbed 21.2% in July, according to data from S&P Global Market Intelligence, after the short-form social networking site delivered stronger-than-expected second-quarter results. To be sure, after drifting higher early in the month leading up to its July […]

Tesla, Inc. (NASDAQ:TSLA) Desperate for Demand

Tesla, Inc. (NASDAQ:TSLA) Desperate for Demand

Tesla, Inc. (NASDAQ:TSLA) Desperate for Demand The only logical explanation for the 180-degree turn on free charging is that Tesla is desperate to sell Model X and Model S vehicles. As bears have argued for months, the low-margin Model 3 is eating into demand for these more profitable models. Model S registrations were down 54% […]

NJF Capital: The Rise of the Eurocorn: Europe’s Billion-dollar Businesses

NJF Capital: The Rise of the Eurocorn: Europe’s Billion-dollar Businesses

Europe’s tech ecosystem is becoming a worthy rival to the US thanks to a recent boom in tech and start-up entrepreneurship. Investors such as NJF Capital are seizing the opportunity to work with these exciting new disruptors. We often think of unicorn companies as a Silicon Valley phenomenon, but in 2018 alone, 17 European companies […]

Apple Inc. (NASDAQ:AAPL) Fake batteries cause problems

Apple Inc. (NASDAQ:AAPL) Fake batteries cause problems

Apple Inc. (NASDAQ:AAPL) Fake batteries cause problems Fake replica batteries that look authentic are a growing problem not only for Apple, but for many electronics companies, said Nadim Maluf, CEO of Qnovo, which makes software that monitors the health and flow of power inside batteries for devices including Android phones. “In China, people are amazingly […]

Facebook, Inc. (NASDAQ:FB) accused in a lawsuit of failing to warn users about the dangers of its single sign-on

Facebook, Inc. (NASDAQ:FB) accused in a lawsuit of failing to warn users about the dangers of its single sign-on

Facebook, Inc. (NASDAQ:FB) accused in a lawsuit of failing to warn users about the dangers of its single sign-on Facebook – Facebook was accused in a lawsuit of failing to warn users about the dangers of its single sign-on tool, which can be used to access third party apps and services using Facebook login credentials. Single […]

2019 Ready2Race catalogue released

2019 Ready2Race catalogue released

The 2019 renewal of the Inglis Ready2Race Sale, to be held at Riverside Stables on Tuesday October 22, has attracted a strong catalogue of 191 2YOs. The catalogue, which is now available online, features juveniles by leading stallions such as I Am Invincible, Zoustar, Not A Single Doubt, Written Tycoon, Dundeel, Medaglia d’Oro, More Than […]

Ethereum: USD/ETH (ETH=) there is a connecting bullish trend line forming with support near $188

Ethereum: USD/ETH (ETH=) there is a connecting bullish trend line forming with support near $188

Ethereum: USD/ETH (ETH=) there is a connecting bullish trend line forming with support near $188 This past week, we saw a major drop in ETH price below the $202 support area against the US Dollar. The decline was such that the price even broke the $184 support area. Finally, it traded to a new monthly […]

Beijing’s Green Belt & Road Forum Draws Global Lenders

Beijing’s Green Belt & Road Forum Draws Global Lenders

Today, over 150 delegates from 40 global banks, investment firms and international organizations gathered in Beijing for the First Plenary Meeting of the Green Investment Principles for the Belt and Road (GIP), a major drive to promote environmentally responsible investments under the Belt & Road Initiative. Launched by China Green Finance Committee and the City […]

Euro: USD/EUR (EUR=X) Plagued by US-China Trade Tensions and Recession Fears

Euro: USD/EUR (EUR=X) Plagued by US-China Trade Tensions and Recession Fears

Euro: USD/EUR (EUR=X) Plagued by US-China Trade Tensions and Recession Fears The US Dollar (USD) also began the week down against many of its peers as US-China trade tensions weighed on sentiment in the ‘Greenback’. Economists at Goldman Sachs also commented that the US economy could face a recession if the superpowers fail to concede […]

New Zealand Dollar: NZD/USD (NZD=X) lower prices expected

New Zealand Dollar: NZD/USD (NZD=X) lower prices expected

New Zealand Dollar: NZD/USD (NZD=X) lower prices expected This currency pair printed a bearish inside candlestick at the end of last week, making its lowest weekly close in almost 4 years. The candlestick closed right on its low which is a bearish sign, and the NZD is more bearish than the AUD. These are all […]

Australia: S&P/ASX 200 (ASX:.AXJO) shares are looking to open higher

Australia: S&P/ASX 200 (ASX:.AXJO) shares are looking to open higher

Australia: S&P/ASX 200 (ASX:.AXJO) shares are looking to open higher Following that positive global lead, ASX 200 futures jumped 41 points, or 0.6%, on Friday night pointing to a positive start to trade for the ASX later this morning. Eurozone shares and the US S&P 500 both jumped 1.4% on Friday on the back of […]

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight

Australian Dollar: USD/AUD (AUD=X) RBA minutes in the spotlight Australian key indicators were impressive last week, but it wasn’t enough to push the Aussie higher. The business and consumer sectors both showed higher confidence levels. The NAB Business Confidence improved to 4 in July, up from 2 in the previous release. The Westpac Consumer Sentiment […]

Shanghai: SSE Composite Index (.SSEC) aiming to consolidate itself as an international business hub

Shanghai: SSE Composite Index (.SSEC) aiming to consolidate itself as an international business hub

Shanghai: SSE Composite Index (.SSEC) aiming to consolidate itself as an international business hub The city of Shanghai, on China”s east coast, is aiming to consolidate itself as an international business hub and local authorities have presented a series of policies to attract more foreign companies.Considered one of the main development zones in China, the […]

Silver 1 OZ 999 NY (XAG=X) prices have explosive upside potential

Silver 1 OZ 999 NY (XAG=X) prices have explosive upside potential

Silver 1 OZ 999 NY (XAG=X) prices have explosive upside potential Gold and silver prices exploded to new highs this week as global economic woes sent stock markets tumbling. Concerns about interest rates and economic slowdown in China and Germany sent stocks sharply lower during the week, with the S&P 500 losing more than 3% […]

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping a close eye on the Federal Reserve minutes

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping a close eye on the Federal Reserve minutes

Japanese Yen: USD/JPY (JPY=X) Investors will be keeping a close eye on the Federal Reserve minutes The U.S-China trade war saga continues. President Trump announced a delay on new U.S. tariffs against China, which were set to take effect on September 1. Still, tensions between the world’s two largest economies remains high, and the mass demonstrations […]

Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility

Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility

Gold 1 OZ (XAU=X) chart pattern suggests investor indecision and impending volatility Gold futures closed lower on Friday, and for a third session, traded inside the extremely wide, $57.20 range on August 13. Usually, this chart pattern suggests investor indecision and impending volatility. In this case, however, it could be a sign that momentum is […]

Canadian Dollar: USD/CAD (CAD=X) further rise is still expected

Canadian Dollar: USD/CAD (CAD=X) further rise is still expected

Canadian Dollar: USD/CAD (CAD=X) further rise is still expected USD/CAD was bounded in consolidation below 1.3345 last week. Outlook is unchanged and initial bias stays neutral this week first. With 1.3177 minor support intact, further rise is still expected. On the upside, break of 1.3345 will extend the rebound from 1.3016 to 1.3564/3664 resistance zone. […]

British Pound: USD/GBP (GBP=X) looks to extend its rebound off multi-year lows

British Pound: USD/GBP (GBP=X) looks to extend its rebound off multi-year lows

British Pound: USD/GBP (GBP=X) looks to extend its rebound off multi-year lows GBP prices jumped 1% on balance over the past 5 trading days measured via the BXY British Pound Currency Index. Last week’s rebound in the Sterling snapped a 4-week losing streak as GBP/USD and EUR/GBP bounce off technical confluence levels dating back multiple years. Looking ahead, […]

Coolmore is King at Arqana

Coolmore is King at Arqana

Coolmore sires enjoyed a profitable Saturday in Deauville, where they accounted for the three most expensive lots sold on the opening day of the Arqana August Yearling Sale. The top price of €800,000 was paid by Phoenix Thoroughbreds for a son of Galileo offered by Haras d’Etreham as Lot 23. The February-born colt is the […]

9 Great Glamping Destinations in California

9 Great Glamping Destinations in California

Get the starry nights, the campfire stories, the cozy sleeping bag, and all the best parts of camping in some of California’s most beautiful settings—but without the hassle of hauling loads of gear into the backcountry. These glamping (short for “glamour camping”) destinations give you the best of both worlds—a back-to-nature break from everyday life, but enough […]

Entries Open for 2020 Magic Millions Yearling Sales

Entries Open for 2020 Magic Millions Yearling Sales

Magic Millions is thrilled to announce entries are now open for the 2020 Yearling Sales Series across Australia. The Southern Hemisphere’s leading thoroughbred sales company is coming off a record breaking season with over $378 million grossed at Magic Millions auctions. “The impressive growth of Magic Millions sales in 2019 began with amazing support from […]

Battaash and Ten Sovereigns on course for Nunthorpe clash

Battaash and Ten Sovereigns on course for Nunthorpe clash

The exciting speedsters are among 13 in the mix for the big sprint at York on Friday Battaash and Ten Sovereigns remain on course for a fascinating clash in the Coolmore Nunthorpe Stakes at York on Friday. The Charlie Hills-trained Battaash has again been in fine form this season, most recently recording a third success in the King […]

Stradivarius heads ten contenders for Lonsdale Cup

Stradivarius heads ten contenders for Lonsdale Cup

Super stayer will be seeking a tenth QIPCO British Champions Series success Super stayer Stradivarius is the star name among ten entries for the Weatherbys Hamilton Lonsdale Cup at York on Friday. The John Gosden-trained five-year-old has already won nine races that fall under the QIPCO British Champions Series banner and need one more to […]

Boycott Chan? Jackie angers woke fans over Hong Kong comments supporting ‘peace’ & ‘patriotism’

Boycott Chan? Jackie angers woke fans over Hong Kong comments supporting ‘peace’ & ‘patriotism’

Kung fu film star Jackie Chan has joined Mulan actress Liu Yifei in stoking outrage over pro-Beijing comments amid heated protests in Hong Kong, his birthplace, and calling for peace. The torches and pitchforks came out online. After a video appeared online earlier this month showing protesters defacing the Chinese flag, a number of Chinese […]

LendingTree Ranks the 50 Most Expensive Towns in America

LendingTree Ranks the 50 Most Expensive Towns in America

Small-town living isn’t always budget friendly Town life is often stereotyped as simple, idyllic and inexpensive when compared with big-city life — but this doesn’t always ring true. In fact, there are quite a few instances where towns are even more expensive than the cities they’re near. To look at how expensive small-town life can […]

Magical and Enable to meet again in Yorkshire Oaks

Magical and Enable to meet again in Yorkshire Oaks

Fourth clash between pair on cards after Magical is supplemented for York feature. Enable and Magical look set to clash for the fourth time after Aidan O’Brien supplemented the latter for the Darley Yorkshire Oaks on Thursday. Seven fillies remain in contention for the mile-and-a-half contest, with the prospect of taking on nine-time Group 1 winner Enable […]

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices

United States Oil (USO) finding added support from expectations Saudi Arabia has an incentive to underpin oil prices Oil futures rallied on Tuesday, sending U.S. prices up by 4% to their highest finish in almost two weeks, following news that the U.S. will delay tariffs on certain Chinese products until December, as the two nations […]

Bitcoin: USD/BTC (BTC=X) Shows Signs of Recovery

Bitcoin: USD/BTC (BTC=X) Shows Signs of Recovery

Bitcoin: USD/BTC (BTC=X) Shows Signs of Recovery Bitcoin is trading at $10,407 at press time, representing a 0.82% price increase on the day. Bitcoin has ranged from just under $10,000 to over $12,000 this month and had most recently been on a downward streak. However, after bottoming out around $9,700 today, BTC has turned around […]

Ethereum: USD/ETH (ETH=) Plummets to $185 as Selling Pressure Increases

Ethereum: USD/ETH (ETH=) Plummets to $185 as Selling Pressure Increases

Ethereum: USD/ETH (ETH=) Plummets to $185 as Selling Pressure Increases Ethereum (ETH) has been one of the many victims of the recent widespread sell-off in the crypto markets, which was sparked when Bitcoin faced a sharp drop that sent it to lows of roughly $9,500. This latest drop has sent Ethereum reeling down 10% to […]

Buybacks of Alphabet Inc. (NASDAQ:GOOG) stock would be a boon to stalwart investors

Buybacks of Alphabet Inc. (NASDAQ:GOOG) stock would be a boon to stalwart investors

Buybacks of Alphabet Inc. (NASDAQ:GOOG) stock would be a boon to stalwart investors Recent troubles with Alphabet (NASDAQ: GOOG GOOGL) are indicative of the many moving parts that go into the bull thesis, as has been demonstrated by recent weakness in Google stock. As is the case with many large- and mega-cap technology companies these […]

Twitter, Inc. (NYSE:TWTR) All-set to Report Quarterly Results

Twitter, Inc. (NYSE:TWTR) All-set to Report Quarterly Results

Twitter, Inc. (NYSE:TWTR) All-set to Report Quarterly Results At the end of the latest market close, Twitter, Inc. (TWTR) was valued at $41.81. In that particular session, Stock kicked-off at the price of $41.03 while reaching the peak value of $41.25 and lowest value recorded on the day was $40.39. The stock current value is […]

Alibaba Group Holding Limited (NYSE:BABA) beats earnings and revenue expectations in the face of macro concerns

Alibaba Group Holding Limited (NYSE:BABA) beats earnings and revenue expectations in the face of macro concerns

Alibaba Group Holding Limited (NYSE:BABA) beats earnings and revenue expectations in the face of macro concerns Alibaba Group Holdings Ltd. is managing to invest more efficiently as it tries to expand its business, a trend that helped send shares of the e-commerce giant higher in Thursday’s session.  The company on Thursday reported better-than-expected earnings and revenue […]

A recession and growing competition suggests you should dump Tesla, Inc. (NASDAQ:TSLA) stock while you still can

A recession and growing competition suggests you should dump Tesla, Inc. (NASDAQ:TSLA) stock while you still can

A recession and growing competition suggests you should dump Tesla, Inc. (NASDAQ:TSLA) stock while you still can Up until fairly recently, I used to be a big fan of Elon Musk and his vaunted company Tesla (NASDAQ:TSLA). However, a series of unnecessary controversies and unforced errors made me change my opinion. Granted, I still think the man is a […]

Apple Inc. (NASDAQ:AAPL) time to take a bite out of Apple

Apple Inc. (NASDAQ:AAPL) time to take a bite out of Apple

Apple Inc. (NASDAQ:AAPL) time to take a bite out of Apple Shares of Apple (NASDAQ: AAPL ) have certainly fallen hard along with the rest of the market over the past few weeks. Apple stock is now down nearly 10% from the recent highs despite good earnings and a better outlook from the recent earnings report. While growth is […]

Facebook, Inc. (NASDAQ:FB) Friending the revenue trend

Facebook, Inc. (NASDAQ:FB) Friending the revenue trend

Facebook, Inc. (NASDAQ:FB) Friending the revenue trend Facebook had been warning investors for the better part of a year to expect revenue to decelerate into 2020, and CFO David Wehner reiterated that outlook on the second-quarter earnings call. New rules limiting data gathering and beefing up privacy practices — most notably the sweeping regulation on […]

Walmart Inc. (NYSE:WMT) Chief Executive Doug McMillon said there should be a discussion about banning assault weapons in the U.S.

Walmart Inc. (NYSE:WMT) Chief Executive Doug McMillon said there should be a discussion about banning assault weapons in the U.S.

Walmart Inc. (NYSE:WMT) Chief Executive Doug McMillon said there should be a discussion about banning assault weapons in the U.S. Walmart Inc. Chief Executive Doug McMillon said Thursday there should be a discussion about banning assault weapons in the U.S. McMillon made the comment as Walmart released fiscal second-quarter earnings, but neither he nor Dan […]

NASDAQ Composite (.IXIC) hobbling along with some retail, networking and telecom stocks

NASDAQ Composite (.IXIC) hobbling along with some retail, networking and telecom stocks

NASDAQ Composite (.IXIC) hobbling along with some retail, networking and telecom stocks The S&P 500 ended a volatile session with a 0.3% gain Thursday, as indexes closed well off session lows but the market outlook remained uncertain. Meanwhile, a popular retail sector ETF hit a six-year low. The S&P 500 index was down as much […]

Dow Jones Industrial Average (.DJI) conflicting signals are giving people whiplash

Dow Jones Industrial Average (.DJI) conflicting signals are giving people whiplash

Dow Jones Industrial Average (.DJI) conflicting signals are giving people whiplash The Dow recovered somewhat Thursday from an 800-point loss a day earlier, the worst of 2019. But investors are unsure of what will happen next in the markets. Conflicting signals are giving people whiplash. Several negative signs are weighing on markets: The yield curve […]

Royal Ascot Winner A’Ali and Earthlight Lead Sunday’s Prix Morny at Deauville for Automatic Berth for Automatic Berth into Breeders’ Cup Juvenile Turf Sprint

Royal Ascot Winner A’Ali and Earthlight Lead Sunday’s Prix Morny at Deauville for Automatic Berth for Automatic Berth into Breeders’ Cup Juvenile Turf Sprint

Shaikh Duaij Al Khalifa’s A’ Ali (IRE), seeking his second Breeders’ Cup Challenge victory this year, and the unbeaten Earthlight (IRE), headline Sunday’s six-furlong Darley Prix Morny (G1) for 2-year-olds at Deauville. The Prix Morny winner will receive an automatic berth into the Breeders’ Cup Juvenile Turf Sprint (G2) through the international Breeders’ Cup Challenge. […]

UK FTSE 100 (.FTSE) investors rushed to sell-off risky assets

UK FTSE 100 (.FTSE) investors rushed to sell-off risky assets

UK FTSE 100 (.FTSE) investors rushed to sell-off risky assets London’s FTSE 100 was pushed into the red today by several heavyweight stocks that traded without dividend entitlement, while gains in gambling firm GVC and trading platform Plus500 helped the mid-cap index outperform. The FTSE 100 shed 0.3 per cent, as worries of an imminent […]

Shanghai: SSE Composite Index (.SSEC) increasingly anxious over the lack of signs of progress toward settling the U.S.-Chinese tariff war over trade and technology

Shanghai: SSE Composite Index (.SSEC) increasingly anxious over the lack of signs of progress toward settling the U.S.-Chinese tariff war over trade and technology

Shanghai: SSE Composite Index (.SSEC) increasingly anxious over the lack of signs of progress toward settling the U.S.-Chinese tariff war over trade and technology Asian markets fell in early trading Thursday, following Wall Street’s worst day of the year amid signals of recession. The yield on the closely watched 10-year Treasury fell so low Wednesday […]

British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations

British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations

British Pound: USD/GBP (GBP=X) steady as UK retail sales beat expectations The GBP/USD exchange rate is currently trading at $1.206, virtually unchanged from today’s opening levels. UK retail sales figures have helped the Pound find its feet this morning. The Office for National Statistics (ONS) reported a 0.2 percent expansion in sales for July, slowing […]

DAX PERFORMANCE-INDEX (.GDAXI) pauses after sharp decline

DAX PERFORMANCE-INDEX (.GDAXI) pauses after sharp decline

DAX PERFORMANCE-INDEX (.GDAXI) pauses after sharp decline The DAX has also turned lower over the course of the week. While the index has not quite managed to return into the lows of last week, there is a strong chance we will see further downside to continue the trend of lower highs and lows. With the price initially […]

Madrid’s first LGBTI hotel

Madrid’s first LGBTI hotel

Axel Hotels is the first hotel chain to cater specifically for the LGBTI community, with a marketing hook I really love: “hetero-friendly hotels”. Their philosophy? To create spaces of diversity conceived for and open to all, where everybody feels truly welcome. The centrally located Axel Madrid opened a few months ago, at 49 Calle Atocha, determined to become […]

FTSE Bursa Malaysia KLCI (.KLSE) returns to red as global uncertainty intensifies

FTSE Bursa Malaysia KLCI (.KLSE) returns to red as global uncertainty intensifies

FTSE Bursa Malaysia KLCI (.KLSE) returns to red as global uncertainty intensifies Intensifying global uncertainties and slowdown in major economies dragged Bursa Malaysia into the red at the opening today. At 9.05am, the benchmark FTSE Bursa Malaysia KLCI (FBM KLCI) dropped 16.14 points to 1,584.17, below the psychological support level of 1,590 from yesterday’s close […]

Canadian Dollar: USD/CAD (CAD=X) nears resistance potential

Canadian Dollar: USD/CAD (CAD=X) nears resistance potential

Canadian Dollar: USD/CAD (CAD=X) nears resistance potential The topside theme has continued in USD/CAD after the earlier-week visit back down to 1.3200. As looked at yesterday, the big question is for how long this recovery might last and it looks as though prices are poised to soon set a fresh three-week-high. But, just above is an area of […]

Bitcoin: USD/BTC (BTC=X) price embraces five figures

Bitcoin: USD/BTC (BTC=X) price embraces five figures

Bitcoin: USD/BTC (BTC=X) price embraces five figures Data from Coin360 shows BTC/USD put in a sudden rally on Thursday, gaining more than 5% in hours and subsequently holding onto support above $10,000.  The latest break to the upside reinforced an already positive mood among traders and analysts, who earlier recommended not treating Bitcoin’s dip to […]

Euro: USD/EUR (EUR=X) trading near weekly lows as the ECB might be getting ready for more stimulus

Euro: USD/EUR (EUR=X) trading near weekly lows as the ECB might be getting ready for more stimulus

Euro: USD/EUR (EUR=X) trading near weekly lows as the ECB might be getting ready for more stimulus On the daily time-frame, the common currency is trading in a bear trend below the main daily simple moving averages (DSMAs). Earlier in the New York session, the US Retail Sales Control Group came in better-than-expected at 1% […]

Japanese Yen: USD/JPY (JPY=X) Reversing to New Lows

Japanese Yen: USD/JPY (JPY=X) Reversing to New Lows

Japanese Yen: USD/JPY (JPY=X) Reversing to New Lows On Monday, both British Pound and US Dollar weakened against Japanese Yen, with GBP/JPY testing its lowest level in over two and half years at 126.55. Meanwhile, USD/JPY printed 105.05 – Its lowest level in over seven months. This week the Relative Strength Index (RSI) climbed above 30 on GBP/JPY, then moved […]

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65

Australian Dollar: USD/AUD (AUD=X) support on the monthly chart at 0.65 The Australian dollar has rallied a bit during the trading session on Thursday, showing signs of consolidation just below the crucial 0.68 level which was previous support. At this point I think the market is simply trying to digest the losses and decide whether or […]

Singapore: STI Index (.STI) hurt by losses in financial sector

Singapore: STI Index (.STI) hurt by losses in financial sector

Singapore: STI Index (.STI) hurt by losses in financial sector U.S. curve inverts for first time in 12 years Singapore hurt by losses in financial sector Vietnam claws back ground to end 1.1% higher Most Southeast Asian stock markets ended lower on Thursday, tracking a global downturn in equities as an inversion in the U.S. […]

Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months

Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months

Australia: S&P/ASX 200 (ASX:.AXJO) market lost $60 billion in value, completing the wipeout of all the gains it made over the past two months The benchmark ASX 200 index closed 2.9 per cent lower at 6,408, a stunning retreat from its record high reached on July 30. It was the worst one-day fall for the benchmark […]

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

Gold 1 OZ (XAU=X) solid resistance at $1,600.00

Gold 1 OZ (XAU=X) solid resistance at $1,600.00 Gold and silver prices are weaker in early U.S. trading Thursday. Some upbeat U.S. economic data has put some added downside pressure on the metals. The markets are also pausing to see how early trading unfolds in the U.S. stock market, following overnight developments on the U.S.-China trade war front. […]

Hong Kong: Hang Seng Index (.HSI) lifted by property related stocks

Hong Kong: Hang Seng Index (.HSI) lifted by property related stocks

Hong Kong: Hang Seng Index (.HSI) lifted by property related stocks Shares in Asia were mixed Thursday afternoon as the main yield curve in U.S. Treasurys inverted, triggering fears over the state of the U.S. economy. In mainland China, stocks rose on the day following an earlier slip. The Shanghai composite gained 0.25% to 2,815.80, […]

Facebook, Inc. (NASDAQ:FB) admits conversations were recorded but says it will no longer do so

Facebook, Inc. (NASDAQ:FB) admits conversations were recorded but says it will no longer do so

Facebook, Inc. (NASDAQ:FB) admits conversations were recorded but says it will no longer do so Facebook has been paying hundreds of outside contractors to transcribe clips of audio from users of its services, according to sources. The work has rattled the contract employees, who are not told where the audio was recorded or how it […]

Twitter, Inc. (NYSE:TWTR) rolled out a major website redesign, a new prototype app and an overhauled camera feature

Twitter, Inc. (NYSE:TWTR) rolled out a major website redesign, a new prototype app and an overhauled camera feature

Twitter, Inc. (NYSE:TWTR) rolled out a major website redesign, a new prototype app and an overhauled camera feature The biggest problem with Twitter? The product never changes. That’s what analyst Nate Elliott said back in 2015 when the microblogging social network was under tremendous pressure to show Wall Street it was capable of user growth. […]

Tesla, Inc. (NASDAQ:TSLA) loss of executives from critical positions and quick departures by external hires have been “worrisome”

Tesla, Inc. (NASDAQ:TSLA) loss of executives from critical positions and quick departures by external hires have been “worrisome”

Tesla, Inc. (NASDAQ:TSLA) loss of executives from critical positions and quick departures by external hires have been “worrisome” Tesla Inc.’s executive turnover is higher than major Silicon Valley-based technology companies and is particularly acute among those reporting to Chief Executive Officer Elon Musk, according to a Bernstein analyst. The electric-car maker has been changing over […]

NASDAQ Composite (.IXIC) volatility has been rampant amid the ongoing trade war uncertainty

NASDAQ Composite (.IXIC) volatility has been rampant amid the ongoing trade war uncertainty

NASDAQ Composite (.IXIC) volatility has been rampant amid the ongoing trade war uncertainty The Nasdaq 100 traded lower on Wednesday alongside a troubled Dow Jones and S&P 500. While all three indices fell under pressure, the Nasdaq enjoys a bounty of technical support nearby relative to the other indices. Paramount among these levels is the […]

Dow Jones Industrial Average (.DJI) fell 800 points on Wednesday, its biggest one-day fall this year

Dow Jones Industrial Average (.DJI) fell 800 points on Wednesday, its biggest one-day fall this year

Dow Jones Industrial Average (.DJI) fell 800 points on Wednesday, its biggest one-day fall this year The Dow Jones Industrial Average fell 800 points on Wednesday, its biggest one-day fall this year, after data showed world economic growth slowing further, undermined by President Trump’s trade protectionism, leading the U.S. Treasury yield curve to invert and […]

Macy’s, Inc. (NYSE:M) tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates

Macy’s, Inc. (NYSE:M) tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates

Macy’s, Inc. (NYSE:M) tumbled to its lowest intraday levels since 2010 after missing second-quarter estimates Macy’s plunged as much as 18% Wednesday after reporting second-quarter earnings that fell short of analyst estimates. The department store also cut its full-year profit projections. The share losses marked the lowest intraday levels since 2000 for Macy’s. The company’s CEO […]

Alibaba Group Holding Limited (NYSE:BABA) set to report its June quarter results

Alibaba Group Holding Limited (NYSE:BABA) set to report its June quarter results

Alibaba Group Holding Limited (NYSE:BABA) set to report its June quarter results Alibaba is expected to show slowing revenue growth after years of blockbuster earnings when it reports fiscal first quarter earnings on Thursday. Its profitability, however, is likely to be improved. Here’s what the market expects for Alibaba’s June quarter: Revenue of 111.73 billion […]

United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears

United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears

United States Oil (USO) prices dropped after disappointing economic data from China and Europe revived global demand fears Oil prices sank 3% on Wednesday after disappointing economic data from China and Europe revived global demand fears and U.S. crude inventories rose unexpectedly for the second week in a row. Brent crude dropped 3.2%, to $59.36 a […]

The Tariff Threat to Apple Inc. (NASDAQ:AAPL) Stock Is Real

The Tariff Threat to Apple Inc. (NASDAQ:AAPL) Stock Is Real

The Tariff Threat to Apple Inc. (NASDAQ:AAPL) Stock Is Real Headline risk is a tricky thing for an investor. Sometimes the headlines in the media are real issues that affect the real value of a company. Other times, they are just clickbait that spooks traders in the near term. But when it comes to the […]

CBS Corporation (NYSE:CBS) stock heads for worst day in 8 years

CBS Corporation (NYSE:CBS) stock heads for worst day in 8 years

CBS Corporation (NYSE:CBS) stock heads for worst day in 8 years CBS Corp.’s pending reunification with Viacom Inc. is eliciting strong reactions on Wall Street, with at least two analysts downgrading CBS’s stock after the merger announcement and one upgrading it. The most dramatic move came from Bernstein’s Todd Juenger, who bumped his rating on […]

NVIDIA Corporation (NASDAQ:NVDA) due to report its fiscal second-quarter earnings after the market close

NVIDIA Corporation (NASDAQ:NVDA) due to report its fiscal second-quarter earnings after the market close

NVIDIA Corporation (NASDAQ:NVDA) due to report its fiscal second-quarter earnings after the market close Here is a snapshot of Wall Street’s expectations and some recent history. • Nvidia stock (ticker: NVDA) has risen about 17% this year, versus the S&P 500 index, which has gained nearly 17%, and the Nasdaq Composite, which has rallied roughly 21%. • […]

Bitcoin: USD/BTC (BTC=X) short term outlook remains a volatile one

Bitcoin: USD/BTC (BTC=X) short term outlook remains a volatile one

Bitcoin: USD/BTC (BTC=X) short term outlook remains a volatile one The cryptocurrency markets were flashing red again on Thursday after bitcoin (BTC), the world’s largest cryptocurrency by market capitalization, fell by more than $900 in 24 hours. On August 14, beginning at 12:00 UTC, BTC began to fall sharply from $10,862 to as low as […]

Ethereum: USD/ETH (ETH=) price on a bear roller to $181

Ethereum: USD/ETH (ETH=) price on a bear roller to $181

Ethereum: USD/ETH (ETH=) price on a bear roller to $181 Ethereum price analysis reveals that Ethereum (ETH) prices have been on a rollercoaster since August 6 when it reached two hundred and forty dollars ($240) high that was followed by a decline. The decline that started on the same day had more far-reaching consequences. On […]

Thailand’s Highest Restaurant and Bar now open at Mahanakhon Bangkok SkyBar

Thailand’s Highest Restaurant and Bar now open at Mahanakhon Bangkok SkyBar

Mahanakhon Bangkok SkyBar, Thailand’s highest restaurant and bar is now open on the 76th and 77th floor of Bangkok’s landmark destination, King Power Mahanakhon. Mr. Marc Begassat, Managing Director of King Power Mahanakhon, said: “Following the successful launch of Thailand’s highest observation deck last November, it is a pleasure to announce the opening of Mahanakhon […]

Bitcoin: USD/BTC (BTC=X) struggling to elevate itself above $11,600

Bitcoin: USD/BTC (BTC=X) struggling to elevate itself above $11,600

Bitcoin: USD/BTC (BTC=X) struggling to elevate itself above $11,600 Following months of wildly erratic volatility, which saw the world’s dominant cryptocurrency experience some of the most dramatic peaks and troughs in its ten-year history, it entered August with an apparent determination to flatline.  While treating this as welcome respite from a spell of immense unpredictability, […]

FTSE Bursa Malaysia KLCI (.KLSE) falls below critical 1,600 level as global markets roil

FTSE Bursa Malaysia KLCI (.KLSE) falls below critical 1,600 level as global markets roil

FTSE Bursa Malaysia KLCI (.KLSE) falls below critical 1,600 level as global markets roil The FTSE Bursa Malaysia KLCI (FBM KLCI), Malaysia’s gauge of the 30 largest stocks, closed below the critical 1,600 level yesterday as global markets roiled amid ongoing protests in Hong Kong, fears of a protruded US-China trade war and a crash […]

DAX PERFORMANCE-INDEX (.GDAXI) maintaining the zone of resistance established last week

DAX PERFORMANCE-INDEX (.GDAXI) maintaining the zone of resistance established last week

DAX PERFORMANCE-INDEX (.GDAXI) maintaining the zone of resistance established last week The picture here is very similar to the FTSE 100, as the DAX fails to move through 11,800, maintaining the zone of resistance established last week. Further declines head to 11,540 and 11,340. The low from last week mirrors the bounce from this zone in late […]

UK FTSE 100 (.FTSE) tumbled to its lowest in more than two months after the yields on 10-year U.S. and UK government bonds fell

UK FTSE 100 (.FTSE) tumbled to its lowest in more than two months after the yields on 10-year U.S. and UK government bonds fell

UK FTSE 100 (.FTSE) tumbled to its lowest in more than two months after the yields on 10-year U.S. and UK government bonds fell Britain’s FTSE 100 tumbled to its lowest in more than two months on Wednesday after the yields on 10-year U.S. and UK government bonds fell below two-year equivalents for the first […]

Shanghai: SSE Composite Index (.SSEC) higher following the tariffs reprieve from Washington

Shanghai: SSE Composite Index (.SSEC) higher following the tariffs reprieve from Washington

Shanghai: SSE Composite Index (.SSEC) higher following the tariffs reprieve from Washington China stocks closed higher on Wednesday, following the tariffs reprieve from Washington, but gave up much of early gains as bleak data rekindled worries over the country’s’ economic health. The blue-chip CSI300 index ended 0.5% higher to 3,682.40, while the Shanghai Composite Index […]

New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies

New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies

New Zealand Dollar: NZD/USD (NZD=X) traders are also paying close attention to global bond yields and investor demand for riskier currencies The New Zealand Dollar is trading flat early Wednesday with prices continuing to flatline around the mid-point of the August 7 wide-range trading session. That was the day that the Reserve Bank of New […]

Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted

Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted

Japanese Yen: USD/JPY (JPY=X) ¥105 level will be targeted The US dollar broke down a bit during the trading session on Wednesday, dropping from the ¥107 level. This is an area that was previous support, so the fact that it has offered resistance should not be a huge surprise. With that in mind I believe that […]

Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points

Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points

Australia: S&P/ASX 200 (ASX:.AXJO) pointing to a fall of 113 points Wall Street stumbled on Wednesday as investors fled equities for safe-haven assets, seeking shelter amid gathering signs that a recession could be on the horizon. All three major US indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time […]

Hong Kong: Hang Seng Index (.HSI) trimmed gains as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession

Hong Kong: Hang Seng Index (.HSI) trimmed gains as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession

Hong Kong: Hang Seng Index (.HSI) trimmed gains as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession Hong Kong stocks trimmed early gains to end slightly firmer on Wednesday, as bleak China economic data overshadowed U.S. President Donald Trump’s trade concession, while protests continued to roil the island city. The Hang Seng […]

British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts

British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts

British Pound: USD/GBP (GBP=X) UK inflation figures for July beat forecasts The pound US dollar exchange rate is holding steady, with the pairing fluctuating around $1.205. UK inflation figures for July beat forecasts, rising from 2.0 percent to 2.1 percent – overshooting the Bank of England’s (BoE) 2 percent target. However, the year-on-year Retail Prices […]

Canadian Dollar: USD/CAD (CAD=X) retracement continues

Canadian Dollar: USD/CAD (CAD=X) retracement continues

Canadian Dollar: USD/CAD (CAD=X) retracement continues It was a month ago now that USD/CAD had bottomed-out. While the pair had spent much of the prior 17 months trending-higher, sticking to a bullish trendline for much of the time, the month of June brought a strong change of pace as the US Dollar fell while the Canadian Dollar […]