Alibaba Group Holding Limited (NYSE:BABA) pulls Houston Rockets merchandise as NBA goes into damage control mode in China

Alibaba Group Holding Limited (NYSE:BABA) pulls Houston Rockets merchandise as NBA goes into damage control mode in China

Alibaba Group Holding Limited (NYSE:BABA) pulls Houston Rockets merchandise as NBA goes into damage control mode in China The relationship between the U.S. and China has played a large role in the stock market this year. As the trade war between the two countries intensifies and then appears to cool, many stocks have been been impacted. Sometimes […]

Dow Jones Industrial Average (.DJI) traders worry about trade tensions between the United States and China weighed on the market

Dow Jones Industrial Average (.DJI) traders worry about trade tensions between the United States and China weighed on the market

Dow Jones Industrial Average (.DJI) traders worry about trade tensions between the United States and China weighed on the market The Dow and broader stock market fell Tuesday as worries about trade tensions between the United States and China weighed on the market. American and Chinese officials are returning to the negotiating table this week […]

NASDAQ Composite (.IXIC) tumbled as optimism faded over the outcome of trade talks

NASDAQ Composite (.IXIC) tumbled as optimism faded over the outcome of trade talks

NASDAQ Composite (.IXIC) tumbled as optimism faded over the outcome of trade talks U.S. stocks tumbled on Tuesday as optimism faded over the outcome of trade talks after a report the Trump administration was moving ahead with efforts to limit capital flows to China and the inclusion of Chinese firms to a blacklist. The declines […]

Apple Inc. (NASDAQ:AAPL) is finally showing users how often apps have been following them

Apple Inc. (NASDAQ:AAPL) is finally showing users how often apps have been following them

Apple Inc. (NASDAQ:AAPL) is finally showing users how often apps have been following them In iOS 13, the big new software update for the iPhone that launched last month, Apple is finally showing users how often apps have been following them. You may not have known that applications like Google Maps or Uber have been […]

Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker

Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker

Tesla, Inc. (NASDAQ:TSLA) Musk tweets have suggested strained relations with cell maker Last year, Elon Musk puffed a marijuana blunt during a live-video interview in California. Halfway around the world, executives at Japan’s Panasonic Corp. PCRFY -1.27% , Tesla Inc. TSLA 0.98% ’s automotive battery supplier, watched with alarm. “What will our investors think?” one […]

DAX PERFORMANCE-INDEX (.GDAXI) gradually on the rise

DAX PERFORMANCE-INDEX (.GDAXI) gradually on the rise

DAX PERFORMANCE-INDEX (.GDAXI) gradually on the rise The DAX also fell sharply last week, with the index gradually regaining ground since. The ability to continue forming higher lows is key here, with the improved German industrial production figure helping to push the index into a fleeting new high for the week. Ultimately, this rally does look like […]

New Zealand Dollar: NZD/USD (NZD=X) lowest level in a decade

New Zealand Dollar: NZD/USD (NZD=X) lowest level in a decade

New Zealand Dollar: NZD/USD (NZD=X) lowest level in a decade From the daily chart, we notice on Oct 1 NZD/USD declined to its lowest level in a decade. However, the price remained in the current trading zone 0.6236- 0.6438 indicating to seller’s hesitation to keep pressing the price at this stage. Additionally, we notice a […]

Hong Kong: HANG SENG INDEX (.HSI) amid hopes that progress can be made at U.S.-China trade talks later this week

Hong Kong: HANG SENG INDEX (.HSI) amid hopes that progress can be made at U.S.-China trade talks later this week

Hong Kong: HANG SENG INDEX (.HSI) amid hopes that progress can be made at U.S.-China trade talks later this week Asian markets gained in early trading Tuesday amid hopes that progress can be made at U.S.-China trade talks later this week. China confirmed that its top trade negotiator, Vice Premier Liu He, would lead its […]

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood

Gold 1 OZ (XAU=X) traders and investors worldwide are in a bit of a risk-averse mood Gold and silver prices are firmer in early U.S. trading Tuesday. There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood. December gold futures were last up $4.30 an ounce at 1,508.70. […]

Canadian Dollar: USD/CAD (CAD=X) Yawns on Mixed Construction Numbers

Canadian Dollar: USD/CAD (CAD=X) Yawns on Mixed Construction Numbers

Canadian Dollar: USD/CAD (CAD=X) Yawns on Mixed Construction Numbers Canada released mixed construction numbers on Tuesday. Housing starts fell to 221 thousand in September, down from 227 thousand a month earlier. There was more positive news from building permits, which jumped 6.1% in August, crushing the estimate of 2.3%. The Canadian dollar showed little reaction […]

Singapore: STI Index (.STI) mostly higher despite worrying signs that this week’s trade negotiations

Singapore: STI Index (.STI) mostly higher despite worrying signs that this week’s trade negotiations

Singapore: STI Index (.STI) mostly higher despite worrying signs that this week’s trade negotiations In contrast with Wall Street, Asian equities were mostly higher despite worrying signs that this week’s trade negotiations between the US and China have hit some pre-talk speed bumps.  Singapore’s Straits Times Index (STI) closed at 3,110.85, adding 11.37 points or 0.4 […]

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks

Australian Dollar: USD/AUD (AUD=X) stand to come under pressure if market sentiment falters in response to US-China trade talks US-China trade relations have been at a standstill since mid-September when it seemed Sino-American tensions were thawing amid “gestures of good will” from both parties. With a lack of adverse updates on the trade war between Washington and […]

Bitcoin: USD/BTC (BTC=X) could test key resistance above $8,500 in the next day or two

Bitcoin: USD/BTC (BTC=X)  could test key resistance above $8,500 in the next day or two

Bitcoin: USD/BTC (BTC=X) could test key resistance above $8,500 in the next day or two Bitcoin (BTC) logged the biggest single-day price gain in five weeks on Monday, opening doors for a stronger recovery rally to key resistance above $8,500. The top cryptocurrency by market value bounced up from a historically strong 100-week MA support […]

Silver 1 OZ 999 NY (XAG=X) gain amid nervous marketplace

Silver 1 OZ 999 NY (XAG=X) gain amid nervous marketplace

Silver 1 OZ 999 NY (XAG=X) gain amid nervous marketplace Gold and silver prices are firmer in midday U.S. trading Tuesday. There are several geopolitical matters at work that have traders and investors worldwide in a bit of a risk-averse mood. December gold futures were last up $2.70 an ounce at 1,507.20. December Comex silver prices were last […]

British Pound: USD/GBP (GBP=X) Merkel-Johnson phone call leaves talks teetering on failure

British Pound: USD/GBP (GBP=X) Merkel-Johnson phone call leaves talks teetering on failure

British Pound: USD/GBP (GBP=X) Merkel-Johnson phone call leaves talks teetering on failure Pound Sterling has suffered a sharp bout of volatility amidst reports that talks between the EU and UK have effectively been killed off by Germany’s Angela Merkel. However, we caution that it is too early to write Sterling off as the two sides […]

Australia: S&P/ASX 200 (.AXJO) waiting to see what will come out of two days of trade talks

Australia: S&P/ASX 200 (.AXJO) waiting to see what will come out of two days of trade talks

Australia: S&P/ASX 200 (.AXJO) waiting to see what will come out of two days of trade talks The Australian sharemarket has closed higher for a third day ahead of another round of US-China trade talks. The S&P/ASX 200 index finished Tuesday up 29.8 points to 6593.4, while the all ordinaries was up 27 points to […]

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower

Euro: USD/EUR (EUR=X) very likely that the pair is going to continue to drift lower The Euro continues to find the 1.10 level very resistive on an almost daily basis, as we had seen a lot of selling pressure just above there, and now are forming the fourth candlestick in a row that has a long […]

Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets

Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets

Japanese Yen: USD/JPY (JPY=X) supported early by a strong performance in the Asia Pacific markets The Dollar/Yen is inching lower on Tuesday after giving back earlier gains. The Forex pair was supported early by a strong performance in the Asia Pacific markets, but turned lower along with demand for higher-yielding assets in Europe and the […]

Shanghai: SSE Composite Index (.SSEC) rose as investors returned from a week-long holiday

Shanghai: SSE Composite Index (.SSEC) rose as investors returned from a week-long holiday

Shanghai: SSE Composite Index (.SSEC) rose as investors returned from a week-long holiday Asian stocks moved higher on Tuesday ahead of the latest round of US-China trade talks later this week. Chinese stocks rose as investors returned from a week-long holiday. The Shanghai Composite Index (SHCOMP) added 0.7%. Hong Kong’s Hang Seng Index (HSI) rose […]

Bitcoin: USD/BTC (BTC=X) bounce would weaken if prices find acceptance below the support level, currently at $7,753

Bitcoin: USD/BTC (BTC=X) bounce would weaken if prices find acceptance below the support level, currently at $7,753

Bitcoin: USD/BTC (BTC=X) bounce would weaken if prices find acceptance below the support level, currently at $7,753 Bitcoin (BTC) has again defended historically strong price support near $7,700, keeping the hopes of a corrective rally alive. The top cryptocurrency faced selling pressure and fell below $8,000 over the weekend, contradicting the possibility of a recovery […]

Netflix, Inc. (NASDAQ:NFLX) stock battered as investors await a flood of new competitors

Netflix, Inc. (NASDAQ:NFLX) stock battered as investors await a flood of new competitors

Netflix, Inc. (NASDAQ:NFLX) stock battered as investors await a flood of new competitors The competitive landscape has weighed heavily on the minds of Netflix Inc. investors. In slashing his price target on Netflix NFLX, +0.61% shares to $300 from $380, Evercore ISI analyst Vijay Jayant on Monday said investors are jittery about Netflix’s business model […]

Amazon.com, Inc. (NASDAQ:AMZN) could turn into a technical treat for bears in the coming weeks

Amazon.com, Inc. (NASDAQ:AMZN) could turn into a technical treat for bears in the coming weeks

Amazon.com, Inc. (NASDAQ:AMZN) could turn into a technical treat for bears in the coming weeks A recent wake-up call, market seasonality, and lagging share price for Amazon (NASDAQ:AMZN) could turn into a technical treat for bears in the coming weeks. But with no guarantees of repeat performances, grizzly AMZN stock investors looking for more of the same […]

United States Oil (USO) erases earlier gains, to finish lower as demand worries prevail

United States Oil (USO) erases earlier gains, to finish lower as demand worries prevail

United States Oil (USO) erases earlier gains, to finish lower as demand worries prevail Oil futures give up earlier gains on Monday to finish with a modest losses, pressured by prevailing worries over energy demand ahead of U.S.-China trade talks later this week, despite a monthly drop in OPEC output. Traders are gearing up for […]

Tesla, Inc. (NASDAQ:TSLA) has reportedly acquired Hibar Systems

Tesla, Inc. (NASDAQ:TSLA) has reportedly acquired Hibar Systems

Tesla, Inc. (NASDAQ:TSLA) has reportedly acquired Hibar Systems Tesla has quietly acquired Hibar Systems, a company that specializes in high-speed battery manufacturing systems for electric vehicles, according to Canadian news site Electric Autonomy. It’s unclear when the deal took place, but Tesla lists Hibar as a subsidiary in an Oct. 2 filing with the Canadian […]

General Electric Company (NYSE:GE) furloughs more workers as union strike enters fourth week

General Electric Company (NYSE:GE) furloughs more workers as union strike enters fourth week

General Electric Company (NYSE:GE) furloughs more workers as union strike enters fourth week The United Auto Workers’ strike against General Motors, now in its fourth week, is continuing to hit the automaker’s operations outside of the U.S. The company halted production of a V-8 engine and transmission at its engine plant in Ramos Arizpe, Coahuila, […]

Facebook, Inc. (NASDAQ:FB) Libra Project in Question After PayPal (PYPL) Withdraws

Facebook, Inc. (NASDAQ:FB) Libra Project in Question After PayPal (PYPL) Withdraws

Facebook, Inc. (NASDAQ:FB) Libra Project in Question After PayPal (PYPL) Withdraws The coalition Facebook FB formed to create its cryptocurrency project named Libra is starting to unravel. Back in June, Facebook announced that they would be playing their hand in the cryptocurrency field, stating that they would be working with financial services companies like Visa […]

Dow Jones Industrial Average (.DJI) Ignores Trump Tweetstorm, Begs for Trade War Progress

Dow Jones Industrial Average (.DJI) Ignores Trump Tweetstorm, Begs for Trade War Progress

Dow Jones Industrial Average (.DJI) Ignores Trump Tweetstorm, Begs for Trade War Progress Minutes before the closing bell, the Dow Jones Industrial Average had lost 41.73 points or 0.16%, dropping the index to 26,531.99. The DJIA had traded as high as 26,655.84 earlier in the session. Putting Trump’s Turkish comments in context, the president announced that the […]

Alphabet Inc. (NASDAQ:GOOG) will force OEMs to hide their custom gesture navigation systems in Android 10

Alphabet Inc. (NASDAQ:GOOG) will force OEMs to hide their custom gesture navigation systems in Android 10

Alphabet Inc. (NASDAQ:GOOG) will force OEMs to hide their custom gesture navigation systems in Android 10 Google has struggled to devise a new navigation system for Android over the last few releases. No one much liked the two-button design from Pie, and the new full-gesture setup in Android 10 has its critics, too. However, a leaked copy […]

Southwest pilots sue The Boeing Company (NYSE:BA) over 737 MAX

Southwest pilots sue The Boeing Company (NYSE:BA) over 737 MAX

Pilots from Texas-based Southwest Airlines said Monday they had filed a lawsuit against Boeing, accusing it of “deliberately misleading” them over the 737 MAX, which has been grounded after two deadly crashes. Nearly 350 people died in crashes in Indonesia in October 2018 and in Ethiopia in March this year. “We have to be able […]

NASDAQ Composite (.IXIC) May Give Back Ground Amid Uncertainty About Trade Talks

NASDAQ Composite (.IXIC) May Give Back Ground Amid Uncertainty About Trade Talks

NASDAQ Composite (.IXIC) May Give Back Ground Amid Uncertainty About Trade Talks Stocks are likely to move to the downside in early trading on Monday, giving back ground following the rally seen last Friday. The major index futures are currently pointing to a lower open for the markets, with the Dow futures down by 52 […]

Ethereum: USD/ETH (ETH=) within range of the first major resistance level at $185.64

Ethereum: USD/ETH (ETH=) within range of the first major resistance level at $185.64

Ethereum: USD/ETH (ETH=) within range of the first major resistance level at $185.64 Ethereum rallied by 5.92% on Monday. Reversing a 3.7% slide from Sunday, Ethereum ended the day at $180.26. A bearish start to the day saw Ethereum fall to an early morning intraday low $168.61 before making a move. Steering clear of the […]

UK FTSE 100 (.FTSE) holds firm after defending 7000

UK FTSE 100 (.FTSE) holds firm after defending 7000

UK FTSE 100 (.FTSE) holds firm after defending 7000 The FTSE 100 continued to rally on Friday, building on Thursday’s recovery from 7000. If this marks a low, then intraday dips should continue to find buyers with an initial target of 7200 and then 7300. The bullish view remains in place unless the price drops back below […]

New Zealand Dollar: NZD/USD (NZD=X) statement from the RBNZ was rather more upbeat than the markets were expecting

New Zealand Dollar: NZD/USD (NZD=X)  statement from the RBNZ was rather more upbeat than the markets were expecting

New Zealand Dollar: NZD/USD (NZD=X) statement from the RBNZ was rather more upbeat than the markets were expecting Nearly two weeks ago, the Reserve Bank of New Zealand (RBNZ) left the Official Cash Rate unchanged at 1%, but said there is still scope for further stimulus if necessary. The RBNZ said that new information it […]

Japanese Yen: USD/JPY (JPY=X) Trump could trigger a break

Japanese Yen: USD/JPY (JPY=X) Trump could trigger a break

Japanese Yen: USD/JPY (JPY=X) Trump could trigger a break The Dollar/Yen is trading lower on Monday as renewed concerns over U.S.-China trade relations encouraged investors to seek shelter in the safe-haven Japanese Yen. Last week, the Forex pair was pressured by a series of weaker-than-expected U.S. economic report that dramatically increased the chances of a […]

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise

Australia: S&P/ASX 200 (.AXJO) tech sector leads to rise The Australian share market has posted gains across the board after jobs figures from the US reassured traders that the world’s largest economy wasn’t on the brink of recession after all. The benchmark S&P/ASX200 index closed Monday up 46.5 points, or 0.71 per cent, to 6,563.6 […]

British Pound: USD/GBP (GBP=X) continues to consolidate

British Pound: USD/GBP (GBP=X) continues to consolidate

British Pound: USD/GBP (GBP=X) continues to consolidate The British pound went back and forth during the trading session on Monday, as we continue to dance around in the same consolidation area that we have been in for a couple of weeks. At this point, it’s very likely that the market will be difficult to deal […]

Hong Kong: HANG SENG INDEX (.HSI) investors await a fresh round of U.S.-China trade negotiations

Hong Kong: HANG SENG INDEX (.HSI) investors await a fresh round of U.S.-China trade negotiations

Hong Kong: HANG SENG INDEX (.HSI) investors await a fresh round of U.S.-China trade negotiations Asia markets were mixed on Monday as investors awaited a fresh round of U.S.-China trade negotiations expected to begin later this week. Japan’s Nikkei 225 closed 0.16% lower at 21,375.25. Shares of index heavyweight Fast Retailing, the company behind the […]

Singapore: STI Index (.STI) positive start but worries remain over the global growth outlook

Singapore: STI Index (.STI) positive start but worries remain over the global growth outlook

Singapore: STI Index (.STI) positive start but worries remain over the global growth outlook Singapore equities took their cue from last Friday’s encouraging performance on Wall Street to get the week off to a positive start but worries remain over the global growth outlook as well as US-China trade tensions in the lead-up to this […]

Gold 1 OZ (XAU=X) Bouncing, Not a Bottom

Gold 1 OZ (XAU=X) Bouncing, Not a Bottom

Gold 1 OZ (XAU=X) Bouncing, Not a Bottom The breakdown of the head and shoulder pattern was interrupted Tuesday when ISM manufacturing struck a 10-year low. Gold reversed immediately and the stock market plunged. Futures are back above $1500, but the technicals and Commitment of Traders (COT) suggest the yellow metal is yet to make an intermediate low. GOLD […]

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X)

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X)

Weak Construction Report Weighing on Australian Dollar: USD/AUD (AUD=X) The week has started on a down note, as Australia’s AIG Construction Index dropped to 42.6 in September, down from 44.6 a month earlier. The index has been mired in contraction territory (below the 50-level) for 13 successive months, as the construction sector continues to struggle. […]

Canadian Dollar: USD/CAD (CAD=X) Rally Stalls at Resistance

Canadian Dollar: USD/CAD (CAD=X) Rally Stalls at Resistance

Canadian Dollar: USD/CAD (CAD=X) Rally Stalls at Resistance Technical Outlook: In my previous Canadian Dollar Price Outlook we highlighted a key near-term resistance zone at 1.3284/88 while noting, “Expect acceleration IF price can break higher here with such a scenario exposing longer-term downtrend resistance near 1.3355.” A topside breach last week saw price register a […]

Silver 1 OZ 999 NY (XAG=X) markets continue to find support

Silver 1 OZ 999 NY (XAG=X) markets continue to find support

Silver 1 OZ 999 NY (XAG=X) markets continue to find support Silver markets fell slightly during the trading session on Monday, as we continue to see a lot of noise around the 50 day EMA which is currently sitting at the $17.46 level. There is a lot of noise in the area of the $17.50 level […]

Bitcoin: USD/BTC (BTC=X) Price Aims $9K Target In the Mid Term

Bitcoin: USD/BTC (BTC=X) Price Aims $9K Target In the Mid Term

Bitcoin: USD/BTC (BTC=X) Price Aims $9K Target In the Mid Term Bitcoin is not giving up and is aiming to reach the new heights to escape the downtrend. When to expect BTC overcoming the $9 target? Traders are sure we need to wait some time – this price is a mid-term target. Over the past days, the […]

Ethereum: USD/ETH (ETH=) will now either see a sharp breakout to the upside or to the downside

Ethereum: USD/ETH (ETH=) will now either see a sharp breakout to the upside or to the downside

Ethereum: USD/ETH (ETH=) will now either see a sharp breakout to the upside or to the downside Ethereum (ETH) is finally close to its next big move that we have been waiting to come to fruition for weeks. The symmetrical triangle on the 4H chart will now either see a sharp breakout to the upside […]

General Motors Company (NYSE:GM) strike negotiations take ‘turn for the worse’: union

General Motors Company (NYSE:GM) strike negotiations take ‘turn for the worse’: union

Negotiations to resolve a three-week-old strike at General Motors for better pay, benefits and job security have taken “a turn for the worse,” a top negotiator with the United Autoworkers Union said Sunday. “After making some progress on important issues a couple days ago, the company has shown an unwillingness to fairly compensate the great […]

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand

United States Oil (USO) traders fearing the global economic slowdown will weigh on future demand Oil prices fell on Monday, extending last week’s heavy losses, with traders fearing the global economic slowdown will weigh on future oil demand growth while pegging hopes for a rebound on progress in talks this week on ending the U.S.-China […]

Tesla, Inc. (NASDAQ:TSLA) fell short of its target 100,000 deliveries

Tesla, Inc. (NASDAQ:TSLA) fell short of its target 100,000 deliveries

Tesla, Inc. (NASDAQ:TSLA) fell short of its target 100,000 deliveries he news last week Tesla Inc. fell short of its target 100,000 deliveries for the third quarter of the year is giving birth to dire predictions about the future of the world’s largest maker of electric vehicles (EVs). The direst by far was made public […]

Asia stocks mostly up on US jobs but growth, trade fears persist

Asia stocks mostly up on US jobs but growth, trade fears persist

Most markets rose in Asia Monday after a mixed US jobs report eased worries about a recession in the world’s top economy by maintained expectations the Federal Reserve will press ahead with more interest rate cuts. However, there was some nervousness after reports said China had cut back on the number of areas it is […]

As US factories falter, White House insists economy like ‘a rock’

As US factories falter, White House insists economy like ‘a rock’

After a brief surge during his first years in office, and despite his lofty promises, the American manufacturing rebound has begun to crumble under President Donald Trump. Auto plants and steel mills are shutting down. Companies are announcing layoffs and furloughs. Factory output is in the red. The year-end outlook is grim, whipping up fears […]

Japanese Yen: USD/JPY (JPY=X) Fed Minutes Will Be Eyed Closely

Japanese Yen: USD/JPY (JPY=X) Fed Minutes Will Be Eyed Closely

Japanese Yen: USD/JPY (JPY=X) Fed Minutes Will Be Eyed Closely There are no major reports from Japan this week so the data from the U.S. will dictate the direction of the USD/JPY. Basically, lower Treasury yields and weaker stock prices will be bearish for the Forex pair. A drop in yields and trader demand for […]

Hong Kong: HANG SENG INDEX (.HSI) Falls on Emergency Law

Hong Kong: HANG SENG INDEX (.HSI) Falls on Emergency Law

Hong Kong: HANG SENG INDEX (.HSI) Falls on Emergency Law Hong Kong stocks fell on Friday after the city’s leader Carrie Lam announced a ban on face masks, effective October 5, amid more than four months of pro-democracy, anti-government protests. The Nikkei 225 regained 68.46 points, or 0.3%, to 21,410.20 The Japanese yen, often seen […]

Silver 1 OZ 999 NY (XAG=X) weaken on decent U.S. jobs data

Silver 1 OZ 999 NY (XAG=X) weaken on decent U.S. jobs data

Silver 1 OZ 999 NY (XAG=X) weaken on decent U.S. jobs data Gold and silver prices are modestly down in early U.S. trading Friday, following what the marketplace perceives to be a generally upbeat U.S. employment report—even though the key non-farm payrolls number came in slightly lower than expected. December gold futures were last down $3.50 an ounce […]

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market

Gold 1 OZ (XAU=X) Prepares For Next Phase Of Bull Market After a brief respite last month, fear and uncertainty have returned with a vengeance in October. Recent world events have given investors plenty of reasons to fear an expansion of the global trade war. Meanwhile on the domestic front, investors are becoming increasingly alarmed […]

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production

British Pound: USD/GBP (GBP=X) key events include monthly GDP and manufacturing production The pound managed to post gains despite gloomy British indicators. British GDP declined by 0.2% in the second quarter, marking the first time the economy has contracted since 2013. Manufacturing PMI improved to 48.3, but this marked a fifth straight month below the […]

Euro: USD/EUR (EUR=X) to be moved by German data

Euro: USD/EUR (EUR=X) to be moved by German data

Euro: USD/EUR (EUR=X) to be moved by German data The Euro-to-Dollar exchange rate is trading at around 1.0976 at the start of the new week after rising 0.33% in the week before. Studies of the charts are showing the potential for marginal upside in the short-term followed by a mixed outlook thereafter. The new short-term […]

Australia: S&P/ASX 200 (.AXJO) brutal change in sentiment, triggered by an outsized wobble on US and European markets

Australia: S&P/ASX 200 (.AXJO) brutal change in sentiment, triggered by an outsized wobble on US and European markets

Australia: S&P/ASX 200 (.AXJO) brutal change in sentiment, triggered by an outsized wobble on US and European markets The 3 per cent fall on the ASX200 over the week — the sharpest retreat in almost a year — was a fairly abrupt and brutal change in sentiment, triggered by an outsized wobble on US and European markets. […]

Bitcoin: USD/BTC (BTC=X) Holders May be Tempted to Fractional Reserve Practices

Bitcoin: USD/BTC (BTC=X) Holders May be Tempted to Fractional Reserve Practices

Bitcoin: USD/BTC (BTC=X) Holders May be Tempted to Fractional Reserve Practices Eric Wall, a cryptocurrency expert, warns that there is nothing to stop bitcoin owners from effectively expanding the supply. This could happen in the manner of banks, which hold onto a portfolio of assets, but can also lend them without losing control. Wall believes […]

Ethereum: USD/ETH (ETH=) price moves between $185 and $171 in the last week

Ethereum: USD/ETH (ETH=) price moves between $185 and $171 in the last week

Ethereum: USD/ETH (ETH=) price moves between $185 and $171 in the last week Ethereum has been one of the high performing assets this year. The coin moved as high as $318 in the past 90-days. ETH started the year trading at $134 and it is currently moving above this value. It may cross past $185 […]

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June

Australian Dollar: USD/AUD (AUD=X) RBA remains busy, as policymakers lowered rates for the third time since June The RBA remains busy, as policymakers lowered rates for the third time since June. The Aussie lost ground after the move, but recovered late in the week. Building Approvals declined 1.1%, marking a third successive decline. Retail sales […]

US unemployment falls to 50-year low of 3.5% in September

US unemployment falls to 50-year low of 3.5% in September

America’s jobless rate tumbled in September to its lowest level in 50 years, which could help assuage fears of an economic slowdown, according to government data released Friday. But while job creation continued, the pace was more subdued and wages were flat, showing a slowing trend. Unemployment fell two tenths to 3.5 percent, matching the […]

10 luxury Caribbean wellness retreats you’ll wish you could stay at forever

10 luxury Caribbean wellness retreats you’ll wish you could stay at forever

If white sand beaches, amazing water sports, luxury spas, butler service and stunning beauty sounds like your idea of a holiday, you may want to consider a trip to the Caribbean The next time you’re daydreaming of an island paradise getaway, think about heading to the Caribbean: an idyllic archipelago made up of azure waters, […]

Tony Keane Joins Louis T Collection as General Manager of Their First Australian Hotel

Tony Keane Joins Louis T Collection as General Manager of Their First Australian Hotel

Keane will lead the team at the new Quay Perth Hotel that opened this year One of Western Australia’s newest boutique hotels, Quay Perth, has a new general manager. Tony Keane joins the hotel’s management company, Louis T Collection, this month. He steps into the role with an eye on developing the brand’s profile and […]

Thomas Bryon Jockey Club de Turquie : Godolphin 1-2 for trainer Appleby

Thomas Bryon Jockey Club de Turquie : Godolphin 1-2 for trainer Appleby

The two runners presented by Newmarket-based trainer Charlie Appleby in the Prix Thomas Bryon Jockey Club de Turquie (Gr3), Friday at Saint-Cloud, took the first two places. In this 2-year-olds race over 7 furlongs, supposedly a prep race for the Critérium International (Gr1) on October 27 in ParisLongchamp on the same distance, King’s Command (Dubawi) contained all attacks after leading […]

Qatar Arc Weekend : Party starts on Saturday!

Qatar Arc Weekend : Party starts on Saturday!

The Qatar festival of the Arc weekend in ParisLongchamp starts on Saturday with five Group races including two Groups 1. The Qatar Prix du Cadran (Gr1), run over 2m4f, and the newly promoted Qatar Prix de Royallieu (Gr1), for fillies & mares over 1m6f, are the main features on the card. The “Cadran” is one of the oldest […]

Bitcoin: USD/BTC (BTC=X) currently experiencing a negative price trend

Bitcoin: USD/BTC (BTC=X) currently experiencing a negative price trend

Bitcoin: USD/BTC (BTC=X) currently experiencing a negative price trend This hasn’t been a good week for Bitcoin.  Following a sharp fall on Tuesday of last week, when the price of Bitcoin dropped from almost $9,700 to $8,500, the cryptocurrency has failed to recover ever since. After falling to $8,000, the bulls tried to gain some ground, […]

Apple Inc. (NASDAQ:AAPL) continues to show a massive decrease in its operating margin

Apple Inc. (NASDAQ:AAPL) continues to show a massive decrease in its operating margin

Apple Inc. (NASDAQ:AAPL) continues to show a massive decrease in its operating margin Apple (NASDAQ:AAPL) has continued to show a massive decrease in its operating margin (OPM), in the recent quarter. Apple reported OPM of 21.45% in the latest earnings. This is 223 basis points less than the year-ago quarter. It has now delivered a falling […]

Dow Jones Industrial Average (.DJI) Reverses Sharply Off Lows As Bulls Defend Stock Market Rally

Dow Jones Industrial Average (.DJI) Reverses Sharply Off Lows As Bulls Defend Stock Market Rally

Dow Jones Industrial Average (.DJI) Reverses Sharply Off Lows As Bulls Defend Stock Market Rally The stock market turned higher Thursday morning after a big intraday decline after Wednesday’s sharp sell-off. The Dow Jones industrials lost about 300 points at their lows in today’s stock market after a weaker-than-expected ISM nonmanufacturing reading, stoking recession fears. […]

Alphabet Inc. (NASDAQ:GOOG) cloud business alone is now worth $225 billion

Alphabet Inc. (NASDAQ:GOOG) cloud business alone is now worth $225 billion

Alphabet Inc. (NASDAQ:GOOG) cloud business alone is now worth $225 billion Alphabet Inc.’s cloud business alone is now worth $225 billion, Deutsche Bank analysts led by Lloyd Walmsley wrote in a note. The unit could report compound annual growth of 55% between 2018 and 2022, and reach annual sales of about $38 billion by 2025, […]

Alibaba Group Holding Limited (NYSE:BABA) showing rapid decline in losses from its digital media segment

Alibaba Group Holding Limited (NYSE:BABA) showing rapid decline in losses from its digital media segment

Alibaba Group Holding Limited (NYSE:BABA) showing rapid decline in losses from its digital media segment When is a money-losing segment not a concern for a company? When it brings something else to the table. Alibaba (NYSE:BABA) has reported single-digit revenue growth in its digital media segment in the latest quarter. The digital media segment had revenue of […]

NASDAQ Composite (.IXIC) close higher as investors bet Fed will lower interest rates

NASDAQ Composite (.IXIC) close higher as investors bet Fed will lower interest rates

NASDAQ Composite (.IXIC) close higher as investors bet Fed will lower interest rates U.S. stocks closed higher Thursday, recovering from two days of losses, as investors bet that signs this week of a slowing economy will prompt the Federal Reserve to lower interest rates for the third time this year at its late October meeting. […]

Ethereum: USD/ETH (ETH=) failed to break upwards through $180

Ethereum:  USD/ETH (ETH=) failed to break upwards through $180

Ethereum: USD/ETH (ETH=) failed to break upwards through $180 Crypto markets are again turning red, as the price of Ethereum (ETH) and XRP (XRP) see 2% and 3% respective losses for the day. Both assets crashed in tandem over a 30-minute sell-off that also saw Bitcoin (BTC) plummet back to $8,000. Ethereum’s fall to its current value of $172 […]

United States Oil (USO) edges higher but on track for big weekly loss

United States Oil (USO) edges higher but on track for big weekly loss

United States Oil (USO) edges higher but on track for big weekly loss Oil futures edged higher on Friday but were on track for a large weekly loss on fears that slower global economic growth will hurt fuel demand, while Saudi Arabia said it has fully restored oil output after recent attacks. Brent crude oil futures […]

Tesla, Inc. (NASDAQ:TSLA) stock reels after electric car maker’s missed sales

Tesla, Inc. (NASDAQ:TSLA) stock reels after electric car maker’s missed sales

Tesla, Inc. (NASDAQ:TSLA) stock reels after electric car maker’s missed sales Telsa Inc. shares were slammed on Thursday, after weaker-than-expected third-quarter deliveries prompted at least one downgrade and plenty of downbeat analyst commentary. Tesla TSLA, -4.15% shares fell more than 6% and traded as low as $224.28, but recovered some ground by session end and […]

Silver 1 OZ 999 NY (XAG=X) Eye Bull Flag Continuation Effort

Silver 1 OZ 999 NY (XAG=X) Eye Bull Flag Continuation Effort

Silver 1 OZ 999 NY (XAG=X) Eye Bull Flag Continuation Effort The start of October and Q4’19 has been kind to precious metals. After gold and silver prices came under sharp pressure as both September and Q3’19 came to a close, the redeployment of capital in an environment that has turned dark rather quickly has […]

Hong Kong: HANG SENG INDEX (.HSI) stocks lifted by face mask ban report

Hong Kong: HANG SENG INDEX (.HSI) stocks lifted by face mask ban report

Hong Kong: HANG SENG INDEX (.HSI) stocks lifted by face mask ban report Hong Kong shares ended higher today as reports the government will ban the use of face masks at public gatherings lifted hopes that officials could cool down increasingly violent protests in the beleaguered city. Technical Indicators Overall, the bias in prices is: […]

Japanese Yen: USD/JPY (JPY=X) traders will also be taking direction from the movement in Treasury yields

Japanese Yen: USD/JPY (JPY=X) traders will also be taking direction from the movement in Treasury yields

Japanese Yen: USD/JPY (JPY=X) traders will also be taking direction from the movement in Treasury yields The Dollar/Yen is trading lower on Thursday, shortly before the U.S. opening and the release of a slew of economic reports including the ISM Non-Manufacturing PMI report for September. Weaker-than-expected U.S. economic reports earlier in the week renewed fears […]

Canadian Dollar: USD/CAD (CAD=X) focus on weekly close around 1.3355/70

Canadian Dollar: USD/CAD (CAD=X) focus on weekly close around 1.3355/70

Canadian Dollar: USD/CAD (CAD=X) focus on weekly close around 1.3355/70 The Canadian Dollar down more than 0.75% against the US Dollar since the start of the week with USD/CAD testing the upper-bounds of a multi-month range in price heading into major US event risk tomorrow. It’s the moment of truth for Loonie.  In my last Canadian Dollar Weekly Price Outlook we […]

British Pound: USD/GBP (GBP=X) well supported against its major competitors

British Pound: USD/GBP (GBP=X) well supported against its major competitors

British Pound: USD/GBP (GBP=X) well supported against its major competitors The British Pound remains relatively well supported against its major competitors on Thursday, October 03 with foreign exchange markets opting to watch the currency from the sidelines as they try to gauge whether the UK’s final Brexit proposals to the EU will be accepted. Sterling […]

Euro: USD/EUR (EUR=X) Recovers for Second Straight Session

Euro: USD/EUR (EUR=X) Recovers for Second Straight Session

Euro: USD/EUR (EUR=X) Recovers for Second Straight Session The trend of weak economic data continued on Wednesday as the ADP reported an increase of 135,00 jobs in the US private sector from August to September. While this was only marginally below the analyst estimate, there was a notable downward revision for the prior reading from […]

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction

Gold 1 OZ (XAU=X) traders are looking to the U.S. stock market for direction Gold and silver prices are trading not far from unchanged in early U.S. trading Thursday. The precious metals traders are looking to the U.S. stock market for direction. More selling pressure in equities would prompt more safe-haven demand for gold and silver. However, a […]

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures

Australian Dollar: USD/AUD (AUD=X) Weakness Continues After Release of Services PMI and Trade Balance Figures AUD/USD is recovering after trading weaker early on Thursday following the release of trade balance and services PMI figures. At the time of writing, AUD/USD is trading at around 0.6719. According to data released by Markit earlier today, the Australian […]

DAX PERFORMANCE-INDEX (.GDAXI) price may be on its way towards 11,766

DAX PERFORMANCE-INDEX (.GDAXI) price may be on its way towards 11,766

DAX PERFORMANCE-INDEX (.GDAXI) price may be on its way towards 11,766 Looking at the daily chart, we notice yesterday the Dax broke below the neckline of double top pattern residing at 12,142. Additionally, the index declined to a lower trading zone 11,691- 12,032 eyeing a test of the low end of it. This suggests that […]

UK FTSE 100 (.FTSE) posts biggest drop for over 3 years as global growth, trade wars, Brexit, Trump worries create perfect storm

UK FTSE 100 (.FTSE) posts biggest drop for over 3 years as global growth, trade wars, Brexit, Trump worries create perfect storm

UK FTSE 100 (.FTSE) posts biggest drop for over 3 years as global growth, trade wars, Brexit, Trump worries create perfect storm The FTSE 100 index recorded its biggest one-day drop for more than three years as fears over the state of the US and global economies amid trade war concerns and intensifying Brexit worries created the perfect […]

Australia: S&P/ASX 200 (.AXJO) shares tumbled due to rising fears of a global recession

Australia: S&P/ASX 200 (.AXJO) shares tumbled due to rising fears of a global recession

Australia: S&P/ASX 200 (.AXJO) shares tumbled due to rising fears of a global recession Australian shares have closed sharply lower, posting their worst fall since August, due to rising fears of a global recession. The ASX 200 dropped 2.2 per cent to end at 6,493 points on Thursday — a slight recovery compared to its […]

Singapore: STI Index (.STI) shares sink on trade, recession fears

Singapore: STI Index (.STI) shares sink on trade, recession fears

Singapore: STI Index (.STI) shares sink on trade, recession fears Singapore shares continued to take a beating as trading resumed on Thursday afternoon (Oct 3), after the United States opened a new trade war front with Europe and lacklustre US jobs data exacerbated recession fears. The Straits Times Index was down 0.92 per cent or […]

Apple Inc. (NASDAQ:AAPL) Tim Cook urges Supreme Court to preserve DACA

Apple Inc. (NASDAQ:AAPL) Tim Cook urges Supreme Court to preserve DACA

Apple Inc. (NASDAQ:AAPL) Tim Cook urges Supreme Court to preserve DACA In a friend-of-the-court brief filed Wednesday, top executives at Apple Inc. urged the U.S. Supreme Court to uphold DACA, the Obama-era law protecting the immigration status of those who came to America as the children of undocumented immigrants. Apple AAPL, -2.51% employs 443 “Dreamers” […]

Alibaba Group Holding Limited (NYSE:BABA) Gains As Market Dips

Alibaba Group Holding Limited (NYSE:BABA) Gains As Market Dips

Alibaba Group Holding Limited (NYSE:BABA) Gains As Market Dips Alibaba (BABA) closed the most recent trading day at $165.77, moving +0.38% from the previous trading session. This change outpaced the S&P 500’s 1.79% loss on the day. Elsewhere, the Dow lost 1.86%, while the tech-heavy Nasdaq lost 1.56%. Prior to today’s trading, shares of the […]

Bitcoin: USD/BTC (BTC=X) floats in the waters of uncertainty

Bitcoin: USD/BTC (BTC=X) floats in the waters of uncertainty

Bitcoin: USD/BTC (BTC=X) floats in the waters of uncertainty As Bitcoin’s (BTC) price floats in the waters of uncertainty in the low $8,000 range, one might wonder how crypto’s largest asset found itself at the bottom of a steep drop after its exuberant price rise from $3,330 to $13,880 earlier in 2019. One explanation could […]

Tesla, Inc. (NASDAQ:TSLA) delivers a record 97,000 vehicles in third quarter

Tesla, Inc. (NASDAQ:TSLA) delivers a record 97,000 vehicles in third quarter

Tesla, Inc. (NASDAQ:TSLA) delivers a record 97,000 vehicles in third quarter Electric-car maker Tesla delivered a record 97,000 vehicles globally during the third quarter, an impressive milestone that still fell short of investor expectations and set a tough hurdle for CEO Elon Musk to meet his year-end goals. The company’s stock tumbled by more than […]

Dow Jones Industrial Average (.DJI) after reports show slowing in September for both manufacturing and hiring

Dow Jones Industrial Average (.DJI) after reports show slowing in September for both manufacturing and hiring

Dow Jones Industrial Average (.DJI) after reports show slowing in September for both manufacturing and hiring Stock indexes were nearing record high levels, until October and the fourth quarter began. In the last two days the U.S. markets have fallen broadly, as investors began showing concern about fresh signs of an economic slowdown. The Dow […]

United States Oil (USO) drops to 2-month low on economic woes

United States Oil (USO) drops to 2-month low on economic woes

United States Oil (USO) drops to 2-month low on economic woes Oil futures declined, with U.S. and global benchmark prices logging their lowest finish in about two months, as downbeat economic data weighed on prospects for energy demand, and domestic crude stockpiles registered a third straight weekly climb. The U.S. added a modest 135,000 private-sector […]

Ethereum: USD/ETH (ETH=) Surges Towards $180 as Bitcoin Consolidates

Ethereum:  USD/ETH (ETH=) Surges Towards $180 as Bitcoin Consolidates

Ethereum: USD/ETH (ETH=) Surges Towards $180 as Bitcoin Consolidates At the time of writing, Ethereum is trading down marginally at its current price of $177.80, which marks a slight rise from its daily lows of $174 that were set overnight. Ethereum is currently trading significantly off of its recent highs of over $220 that were set in mid-September, although […]

NASDAQ Composite (.IXIC) will look to hold above the 200-day moving average ahead of ISM services data

NASDAQ Composite (.IXIC) will look to hold above the 200-day moving average ahead of ISM services data

NASDAQ Composite (.IXIC) will look to hold above the 200-day moving average ahead of ISM services data The Nasdaq 100 is down nearly 2% from its Monday open after Tuesday’s ISM manufacturing data revealed the sector contracted further in September. The findings worked to exacerbate recessionary fears and has battered risk appetite ahead of two critically important […]

Amazon.com, Inc. (NASDAQ:AMZN) Is Diving Headlong Into the Grocery Business

Amazon.com, Inc. (NASDAQ:AMZN) Is Diving Headlong Into the Grocery Business

Amazon.com, Inc. (NASDAQ:AMZN) Is Diving Headlong Into the Grocery Business Amazon.com (NASDAQ: AMZN) fired the shot heard round the grocery world when the tech giant acquired Whole Foods in late 2017 — putting supermarkets on notice that there was a new sheriff in town. Since then, however, the situation has remained largely unchanged. The company has slowly ramped up […]

Alphabet Inc. (NASDAQ:GOOG) pretty cheap considering its robust growth prospects

Alphabet Inc. (NASDAQ:GOOG) pretty cheap considering its robust growth prospects

Alphabet Inc. (NASDAQ:GOOG) pretty cheap considering its robust growth prospects Once the most beloved growth stocks in the market, FANG stocks have been under tremendous pressure recently, with one notable exception: Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL). Specifically, relative to their 2019 highs, shares of Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Netflix (NASDAQ:NFLX) are all off 15% or more. […]

Euro: USD/EUR (EUR=X) holds firm after losses

Euro: USD/EUR (EUR=X) holds firm after losses

Euro: USD/EUR (EUR=X) holds firm after losses The Euro bounced a bit during the trading session after initially falling on Wednesday, as we continue to see the 1.09 level attracted a lot of attention. That being said though, part of this could have been exacerbated by the ADP report coming in slightly soft in the […]

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows

Australian Dollar: USD/AUD (AUD=X) testing fresh decade lows It’s been a rough year of 2019 for the Australian Dollar, and this extends a down-trend that’s been in-effect in AUD/USD since early-2018. Coming into the New Year, AUD/USD showed a ‘flash crash’ to slalom down to a low of .6744; but as risk aversion took a hiatus on the […]

Silver 1 OZ 999 NY (XAG=X) prices extend gains

Silver 1 OZ 999 NY (XAG=X) prices extend gains

Silver 1 OZ 999 NY (XAG=X) prices extend gains Gold and silver prices are trading with solid gains in morning U.S. dealings Wednesday. Prices have added to modest early gains and are at daily highs as the U.S. stock market opened under solid selling pressure. Safe-haven demand is featured in the metals amid worries about […]