United States Oil (USO) prices could plunge 30% if OPEC fails to act

United States Oil (USO) prices could plunge 30% if OPEC fails to act

United States Oil (USO) prices could plunge 30% if OPEC fails to act OPEC and its allies are once again being forced to consider dramatic action to avert a crash in oil prices. The Saudi Arabia-led cartel and Russia (collectively called “OPEC+”) are widely expected to announce in Vienna on Friday an agreement to extend […]

Alphabet Inc. (NASDAQ:GOOG) co-founders get $2.5 billion farewell gift from investors

Alphabet Inc. (NASDAQ:GOOG) co-founders get $2.5 billion farewell gift from investors

Alphabet Inc. (NASDAQ:GOOG) co-founders get $2.5 billion farewell gift from investors Larry Page and Sergey Brin just got a $US1.7 billion ($2.5 billion) retirement gift from investors. The Google co-founders, who announced on Tuesday they were stepping down from day-to-day management of parent company Alphabet, added more than $US800 million each to their net worth […]

Azerai Announces Third Property in Vietnam, Azerai Ke Ga Bay, to Open in Early 2020

Azerai Announces Third Property in Vietnam, Azerai Ke Ga Bay, to Open in Early 2020

Azerai Ke Ga Bay, a luxurious and secluded oceanfront retreat in southeastern Vietnam, is set to launch in early 2020 as the third property in Azerai Resorts’ growing portfolio. The property is scheduled to open April 1, 2020, with first bookings available online early in the New Year. The 55-room resort, which will succeed Princess […]

Caravaggio was crowned the top first crop sire of the Tattersalls Foal Sale

Caravaggio was crowned the top first crop sire of the Tattersalls Foal Sale

Caravaggio was crowned the top first crop sire of the Tattersalls Foal Sale, after his 19 foals sold for a total of 1,927,000gns. His turnover was also second overall in the stallion table, standing higher than established sires such as Kodiac and Showcasing. The Marnane family are well-versed in precocious speed and sold Caravaggio’s highest […]

Azerai La Residence, Hue Unveils Newly Renovated Guest Rooms

Azerai La Residence, Hue Unveils Newly Renovated Guest Rooms

Azerai La Residence, Hue has opened the door on 39 newly renovated guest rooms and suites in the hotel’s east wing, marking the completion of the second phase of an extensive three-part refurbishment project that began last year. The new guest rooms feature updated aesthetics notable for their elegant and simple design, and brighter, more […]

Heritage Line Sets A Course For Sailing Bliss In Vietnam

Heritage Line Sets A Course For Sailing Bliss In Vietnam

New 10-berth vessel Ylang pioneers wellness cruising on beautiful Lan Ha Bay One of Asia’s leading boutique cruise operators, Heritage Line, is charting blissful new channels by launching the first ever wellness and mindfulness focused voyage on Lan Ha Bay in Vietnam. The limestone karst-studded seascape in the northern reaches of the Gulf of Tonkin […]

Churchill’s first crop saw him enter the top ten stallion table at last week’s Tattersalls Foal Sale

Churchill’s first crop saw him enter the top ten stallion table at last week’s Tattersalls Foal Sale

Churchill’s first crop saw him enter the top ten stallion table at last week’s Tattersalls Foal Sale, where a select offering of nine foals returned an average price of 99,556gns and total of 896,000gns. Norman Court Stud celebrated a terrific result when their May-born colt bred from a covering fee of €35,000 sold for 220,000gns. […]

British Pound: USD/GBP (GBP=X) UK Services PMI Falls Into Contraction

British Pound: USD/GBP (GBP=X) UK Services PMI Falls Into Contraction

British Pound: USD/GBP (GBP=X) UK Services PMI Falls Into Contraction After briefly stabilizing, the UK service sector fell back into a decline with a print of 49.3 in the PMI reading for November. The data points to staggering growth in the fourth quarter as businesses wait to gain further clarity on the election and Brexit. […]

Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns

Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns

Euro: USD/EUR (EUR=X) Data Refreshes Economic Growth Concerns PMI data out of Europe this week served as a reminder of slowing economic growth and set low expectations for the quarter. Manufacturing data that was released yesterday continued to show a contraction in most European countries. Services data, which were released today, provided little encouragement. Services […]

Hong Kong: HANG SENG INDEX (.HSI) falls sharply as Asia reels after Trump comments

Hong Kong: HANG SENG INDEX (.HSI) falls sharply as Asia reels after Trump comments

Hong Kong: HANG SENG INDEX (.HSI) falls sharply as Asia reels after Trump comments Hong Kong stocks tumbled more than 1 percent on Wednesday morning after Donald Trump threw a spanner in the China trade talks by suggesting an agreement could be delayed until after next year’s elections. The Hang Seng index fell 1.2 percent, […]

Bitcoin: USD/BTC (BTC=X) Increasing adoption, limited supply support price

Bitcoin: USD/BTC (BTC=X) Increasing adoption, limited supply support price

Bitcoin: USD/BTC (BTC=X) Increasing adoption, limited supply support price Bitcoin is winning the adoption race among crypto assets and is becoming increasingly scarce, which favors price appreciation. Plenty can go wrong with a nascent asset, but unless the basic premises reverse — mass adoption and fixed supply — there’s a higher probability to sustain price […]

Canadian Dollar: USD/CAD (CAD=X) traders digesting Bank of Canada monetary policy meeting

Canadian Dollar: USD/CAD (CAD=X) traders digesting  Bank of Canada monetary policy meeting

Canadian Dollar: USD/CAD (CAD=X) traders digesting Bank of Canada monetary policy meeting The Canadian dollar inched higher overnight, despite a somewhat risk-averse environment. Canadian dollar traders were digesting today’s Bank of Canada monetary policy meeting and Governor Stephen Poloz’s press conference. Back in the summer, analysts were forecasting that the BoC would cut rates in […]

Shanghai: SSE Composite Index (.SSEC) Close Mixed Amid Gold Rally

Shanghai: SSE Composite Index (.SSEC) Close Mixed Amid Gold Rally

Shanghai: SSE Composite Index (.SSEC) Close Mixed Amid Gold Rally China’s mainland stock markets closed on different tracks while gold shares eked out their second day of climbs, rising 3.4 percent. The Shanghai Composite Index fell 0.23 percent to 2,878.12. The Shenzhen Component Index rose 0.31 percent to 9,687.95. The ChiNext Price Index, which tracks […]

Japanese Yen: USD/JPY (JPY=X) Pattern-break, Support in Focus

Japanese Yen: USD/JPY (JPY=X) Pattern-break, Support in Focus

Japanese Yen: USD/JPY (JPY=X) Pattern-break, Support in Focus Just a few days ago USD/JPY tagged the trend-line from October 2018, and it was quickly greeted with selling pressure. This shoved the pair lower beneath the underside of an ascending wedge formation developing since the August low. What is important about this formation is the context […]

Trump Threat Boosts Silver 1 OZ 999 NY (XAG=X)

Trump Threat Boosts Silver 1 OZ 999 NY (XAG=X)

Trump Threat Boosts Silver 1 OZ 999 NY (XAG=X) Silver is steady on Wednesday, after climbing 1.5% on Tuesday. In the European session, silver is trading at $17.11, down $0.03 or 0.19% on the day. With the U.S. releasing key reports, we could see stronger movement from silver during the day. Trump Threat Boosts Silver Silver […]

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher

Australian Dollar: USD/AUD (AUD=X) to Continue Going Higher The Australian dollar has rallied a bit during the trading session on Tuesday but gave back quite a bit of the gains due to Donald Trump suggesting that the trade deal might be better served happening after the election. If that’s going to be the case, that […]

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X) prices takes a break

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X)  prices takes a break

Long-term negative correlation between the dollar, Gold 1 OZ (XAU=X) prices takes a break Gold prices surged this year due to greater uncertainty in the global macroeconomic environment. By August, the price briefly regained the $1,500/ounce price point and stood at $1,460/ounce in late November. Over the longer term, gold prices and the dollar tend […]

UK FTSE 100 (.FTSE) optimism around the British election supports the mid-cap index

UK FTSE 100 (.FTSE) optimism around the British election supports the mid-cap index

UK FTSE 100 (.FTSE) optimism around the British election supports the mid-cap index London’s FTSE 100 ended a four-day losing run on Wednesday as a report that the United States and China were moving closer to a trade deal lifted demand for risky assets, while optimism around the British election supported the mid-cap index. Markets […]

Australia: S&P/ASX 200 (.AXJO) expected to rebound

Australia: S&P/ASX 200 (.AXJO) expected to rebound

Australia: S&P/ASX 200 (.AXJO) expected to rebound After a couple of very disappointing days of trade, the S&P/ASX 200 index looks set to return to form on Thursday. According to the latest SPI futures, the ASX 200 index is expected to jump 59 points or 0.9% at the open. This follows a positive night on […]

Alibaba Group Holding Limited (NYSE:BABA) raises further US$1.7 billion in over-allotted shares in HK listing

Alibaba Group Holding Limited (NYSE:BABA) raises further US$1.7 billion in over-allotted shares in HK listing

Alibaba Group Holding Limited (NYSE:BABA) raises further US$1.7 billion in over-allotted shares in HK listing Chinese e-commerce giant Alibaba BABA.N said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing. The company has received approval to list 75 million over-allotment shares at […]

Ethereum: USD/ETH (ETH=) price is facing a few important resistances near $152 and $158 against the US Dollar

Ethereum: USD/ETH (ETH=) price is facing a few important resistances near $152 and $158 against the US Dollar

Ethereum: USD/ETH (ETH=) price is facing a few important resistances near $152 and $158 against the US Dollar After a major drop in Ethereum, the $132 level acted as a decent support against the US Dollar. ETH traded as low as $132.10 and recently started an upside correction above the $140 zone. Moreover, there was […]

Dow Jones Industrial Average (.DJI) Spirals 300 Points After Trump Suggests Delaying China Deal

Dow Jones Industrial Average (.DJI) Spirals 300 Points After Trump Suggests Delaying China Deal

Dow Jones Industrial Average (.DJI) Spirals 300 Points After Trump Suggests Delaying China Deal The Dow Jones Industrial Average spiraled downward by 317 points or 1.14% on Tuesday morning after U.S. President Donald Trump suggested that he may hold off on a trade deal with China until after the 2020 presidential election.  The S&P 500 […]

Bitcoin: USD/BTC (BTC=X) Inflation Below 2%

Bitcoin: USD/BTC (BTC=X) Inflation Below 2%

Bitcoin: USD/BTC (BTC=X) Inflation Below 2% All hopes of a ‘Santa rally’ appear to be diminishing as BTC prices continue to slide and sentiment grows increasingly bearish. New options contracts from Bakkt and CME a month later are not bullish as they provide institutional investors with the ability to short the asset further. The only […]

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk set to testify at ‘pedo guy’ trial today

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk set to testify at ‘pedo guy’ trial today

Tesla, Inc. (NASDAQ:TSLA) CEO Elon Musk set to testify at ‘pedo guy’ trial today The Los Angeles Federal Court case begins today and will put Musk and his accuser Vernon Unsworth face-to-face for the first time. Unsworth was a member of the rescue team who saved a Thai boys football team trapped in a cave […]

United States Oil (USO) could fall below $40 unless OPEC deepens cuts

United States Oil (USO) could fall below $40 unless OPEC deepens cuts

United States Oil (USO) could fall below $40 unless OPEC deepens cuts Crude oil prices are expected to plunge to $40 a barrel in 2020 unless OPEC and Russia agree to deepen – and not just extend – their production cuts, according to a new report from the Norwegian research firm Rystad Energy. The Organization of […]

Twitter, Inc. (NYSE:TWTR) announced that it was raising $600 million in senior unsecured notes that will mature in 2027

Twitter, Inc. (NYSE:TWTR) announced that it was raising $600 million in senior unsecured notes that will mature in 2027

Twitter, Inc. (NYSE:TWTR) announced that it was raising $600 million in senior unsecured notes that will mature in 2027 Yesterday, Twitter (NYSE: TWTR) announced that it was raising $600 million in senior unsecured notes that will mature in 2027. The offering won’t be available to public investors, with the notes being issued in a private placement […]

Apple Inc. (NASDAQ:AAPL) shares have biggest one day drop since August amid trade war uncertainty

Apple Inc. (NASDAQ:AAPL) shares have biggest one day drop since August amid trade war uncertainty

Apple Inc. (NASDAQ:AAPL) shares have biggest one day drop since August amid trade war uncertainty Today, Apple’s stock has suffered its biggest one-day loss since the month of August, according to Bloomberg. The company’s shares dropped as much as 3% during trading, all fueled by the rising tensions in the trade war between the United […]

Alphabet Inc. (NASDAQ:GOOG) cofounders are stepping down from their leadership roles

Alphabet Inc. (NASDAQ:GOOG) cofounders are stepping down from their leadership roles

Alphabet Inc. (NASDAQ:GOOG) cofounders are stepping down from their leadership roles Google cofounders Larry Page and Sergey Brin are stepping down from their management roles – but they won’t lose control of the company. Google-parent Alphabet announced in a letter to shareholders on Tuesday that Page and Brin would leave their respective roles as CEO […]

Bitcoin: USD/BTC (BTC=X) Is Being Heavily Sold, but That Might Not Be a Bad Thing

Bitcoin: USD/BTC (BTC=X) Is Being Heavily Sold, but That Might Not Be a Bad Thing

Bitcoin: USD/BTC (BTC=X) Is Being Heavily Sold, but That Might Not Be a Bad Thing As we all remember, bitcoin has had a very mixed two months in both October and November. Things ultimately started in late September when Bakkt – the institutional crypto trading platform owned and governed by the Intercontinental Exchange (ICE) – […]

UK FTSE 100 (.FTSE) plunges lower after Donald Trump threatened to slap hefty tariffs on France and the EU

UK FTSE 100 (.FTSE) plunges lower after Donald Trump threatened to slap hefty tariffs on France and the EU

UK FTSE 100 (.FTSE) plunges lower after Donald Trump threatened to slap hefty tariffs on France and the EU The FTSE 100 has plunged lower after Donald Trump threatened to slap hefty tariffs on France and the EU. The index slid to its lowest level since late October after the renewed threat of tariffs stoked […]

Shanghai: SSE Composite Index (.SSEC) stocks hit a more than three-month low

Shanghai: SSE Composite Index (.SSEC) stocks hit a more than three-month low

Shanghai: SSE Composite Index (.SSEC) stocks hit a more than three-month low Shanghai stocks hit a more than three-month low on Tuesday, as Washington’s latest tariffs added to jitters over the prospects of a so-called “phase one” Sino-U.S. trade deal. The Shanghai Composite Index shed as much as 0.6% to touch its lowest since Aug […]

Canadian Dollar: USD/CAD (CAD=X) BoC Expected to Stand Pat

Canadian Dollar: USD/CAD (CAD=X) BoC Expected to Stand Pat

Canadian Dollar: USD/CAD (CAD=X) BoC Expected to Stand Pat The Bank of Canada holds its monthly policy meeting on Wednesday. The bank has pegged the benchmark rate at 1.75% for over a year, and no change is expected at the upcoming meeting. The Canadian economy is expected to grow by 1.3% in the third quarter, […]

British Pound: USD/GBP (GBP=X) British Election Polls Show Tight Race

British Pound: USD/GBP (GBP=X) British Election Polls Show Tight Race

British Pound: USD/GBP (GBP=X) British Election Polls Show Tight Race GBP/USD has posted slight gains for a third successive day and is currently at its highest level since November 18th. In European trade, GBP/USD is trading at 1.2970, up 0.24% on the day.  On the economic front, BRC Retail Sales Monitor recorded a sharp drop of […]

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal

Japanese Yen: USD/JPY (JPY=X) upside is limited without U.S.-China deal The Yen bested all but its Swiss rival Tuesday amid fresh tensions between the U.S. and China as well as a turn higher in Japanese government bond yields, although analysts have said there could still be more upside to come.   President Donald Trump said Tuesday […]

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future?

Central Banks Buy More Gold 1 OZ (XAU=X) – Higher Gold Prices in the Near Future? Central banks moved from being net sellers to net buyers of gold in 2010. This big picture trend marks a sea change. Central banks had been dumping gold since the 1960s, in an effort to suppress the price and […]

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight

Australian Dollar: USD/AUD (AUD=X) Explodes Overnight USD Down on Manufacturing Miss The US dollar has been under pressure over early trading on Tuesday as the reaction from yesterday’s data miss continues. The US ISM Manufacturing print for November came in below expectations at 48.1 vs 49.2 expected. Marking the fourth straight month in contractionary territory, the reading is […]

Hong Kong: HANG SENG INDEX (.HSI) falls on worries about US-China trade deal

Hong Kong: HANG SENG INDEX (.HSI) falls on worries about US-China trade deal

Hong Kong: HANG SENG INDEX (.HSI) falls on worries about US-China trade deal Hong Kong stocks slipped on growing concerns the trade deal may be delayed over US-China tensions. Meanwhile, China stocks gained. The Hang Seng Index declined 0.2 per cent to 26,391.30, as threats out of China about what it sees as US interference […]

Silver 1 OZ 999 NY (XAG=X) see solid gains on safe-haven demand as stocks stumble

Silver 1 OZ 999 NY (XAG=X) see solid gains on safe-haven demand as stocks stumble

Silver 1 OZ 999 NY (XAG=X) see solid gains on safe-haven demand as stocks stumble Gold and silver prices are posting solid gains in midday U.S. trading Tuesday, on safe-haven buying amid a U.S. stock market sell-off following downbeat remarks from President Trump regarding the U.S.-China trade negotiations. Trader and investor risk appetite up-ticked Tuesday […]

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait

Australia: S&P/ASX 200 (.AXJO) set for more heavy losses as Trump says China trade deal can wait Global stocks fell broadly after President Donald Trump cast doubt over the potential for a trade deal with China this year and threatened to impose tariffs on French goods. The selling knocked the Dow Jones Industrial Average more […]

Singapore: STI Index (.STI) sentiments are showing signs of a recovery

Singapore: STI Index (.STI) sentiments are showing signs of a recovery

Singapore: STI Index (.STI) sentiments are showing signs of a recovery Local business sentiments are showing signs of a recovery after being weighed down for most of the year by an uncertain global economic outlook amid a trade war between the world’s two biggest economies. Business confidence strengthened to +5.31 percentage points for the first […]

Chile unveils $5.5 bn stimulus plan as economy shrinks

Chile unveils $5.5 bn stimulus plan as economy shrinks

Chile launched a massive $5.5 billion stimulus package on Monday after data showed its economy contracted 3.4 percent in October — the largest year-on-year drop in a decade — amid widespread social unrest. The package unveiled by Finance Minister Ignacio Briones includes boosting 2020 public spending by $3.03 billion, to support small, medium and large […]

Bitcoin: USD/BTC (BTC=X) facing major crossroad as sell-off proves relentless

Bitcoin: USD/BTC (BTC=X) facing major crossroad as sell-off proves relentless

Bitcoin: USD/BTC (BTC=X) facing major crossroad as sell-off proves relentless Bitcoin is nearing a critical juncture as its recent sell-off shows few signs of abating. The largest digital token is nearing a crucial inflection point as its price inches closer to the lower band limit of the Trading Envelope Indicator. The gauge smooths moving averages […]

Facebook, Inc. (NASDAQ:FB) The One Stock to “Unfriend” in 2020

Facebook, Inc. (NASDAQ:FB) The One Stock to “Unfriend” in 2020

Facebook, Inc. (NASDAQ:FB) The One Stock to “Unfriend” in 2020 Despite the increasing public scrutiny over how social media giant Facebook (NSDQ: FB) handles its users’ private data, its share price keeps going up. Currently trading near $200, FB has gained more than 60% since bottoming out below $125 less than one year ago. I […]

United States Oil (USO) output still rising amid lower prices

United States Oil (USO) output still rising amid lower prices

United States Oil (USO) output still rising amid lower prices Production by over 950,000 bpd since September 2018, though year-on-year growth rate has been decelerating gently US crude production rose again in September, confounding sceptics who have long been predicting that output is poised to begin declining because of lower oil prices. Crude output increased […]

Asian markets tumbled as global trade uncertainty returned to the forefront

Asian markets tumbled as global trade uncertainty returned to the forefront

Asian markets tumbled as global trade uncertainty returned to the forefront Asian markets tumbled on Tuesday as global trade uncertainty returned to the fore after the United States reimposed tariffs on Argentina and Brazil, threatened steep levies against France and warned China of new measures if ongoing talks are not successful. Optimism that Beijing and […]

Alphabet Inc. (NASDAQ:GOOG) European Union has launched a fresh antitrust investigation

Alphabet Inc. (NASDAQ:GOOG) European Union has launched a fresh antitrust investigation

Alphabet Inc. (NASDAQ:GOOG) European Union has launched a fresh antitrust investigation Google is facing yet another antitrust investigation from the European Union after being slapped with three multibillion dollar fines in as many years. Reuters reported Friday that it had seen a document showing the EU was investigating how Google uses data. The bloc’s competition […]

Dow Jones Industrial Average (.DJI) down 81 points on losses for Visa, Microsoft shares

Dow Jones Industrial Average (.DJI) down 81 points on losses for Visa, Microsoft shares

Wall Street retreated on Monday as disappointing U.S. economic data and fresh trade worries dampened investor risk appetite. All three major U.S. stock averages began the last month of the year in the red, pulling back from last week’s record highs. “It’s a quiet day as investors recover from Thanksgiving. As investors settle back at […]

Tesla, Inc. (NASDAQ:TSLA) gets order for 15 Cybertrucks to be converted into police vehicles

Tesla, Inc. (NASDAQ:TSLA) gets order for 15 Cybertrucks to be converted into police vehicles

Tesla, Inc. (NASDAQ:TSLA) gets order for 15 Cybertrucks to be converted into police vehicles With Elon Musk reporting that sales for the Tesla (TSLA) Cybertruck have reached 250,000 units, one town in Mexico has reportedly purchased 15 of the electric trucks. Mayor Adrián Esper Cárdenas of San Luis Potosí, Mexico, put a deposit of $1,500 of […]

Heritage Line Pushes Boat Out With Special Offer on Mekong Journey

Heritage Line Pushes Boat Out With Special Offer on Mekong Journey

Heritage Line, one of Asia’s leading boutique cruise operators, is pushing out the boat by offering a huge discount on one of its signature lower Mekong journeys. An epic 7-day voyage linking Ho Chi Minh City, Vietnam’s vibrant southern hub, and Siem Reap, the gateway to the iconic World Heritage temples of Angkor in Cambodia, […]

Grand Hotel d’Angkor launches ‘1932’ Restaurant

Grand Hotel d’Angkor launches ‘1932’ Restaurant

The only place in Siem Reap where you can sample Royal Khmer cuisine Cambodia’s most storied hotel wrote yet another chapter last week when it unveiled a new restaurant following a landmark refurbishment. Named after the Grand Hotel d’ Angkor’s year of opening, “1932” launched on November 22 at an invite-only dinner for 50 guests […]

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit

Gold 1 OZ (XAU=X) prices seen supported by trade tensions, Brexit GOLD PRICES are expected to remain at about $1,450 per ounce (oz) in the next three to six months into 2020, supported by the precious metal’s safe-haven value in the face of the US-China trade war, Brexit, and unrest in various parts of the […]

Australia: S&P/ASX 200 (.AXJO) to sink as Donald Trump threatens to impose tariffs on Brazil and Argentina metal imports

Australia: S&P/ASX 200 (.AXJO) to sink as Donald Trump threatens to impose tariffs on Brazil and Argentina metal imports

Australia: S&P/ASX 200 (.AXJO) to sink as Donald Trump threatens to impose tariffs on Brazil and Argentina metal imports ASX futures were down 87 points or 1.3 per cent. Meanwhile, the Australian dollar jumped to 68.2 US cents, up about half a cent since early-Monday. This was due to some upbeat economic data from Beijing […]

Bitcoin: USD/BTC (BTC=X) facing major crossroad as sell-off proves relentless

Bitcoin: USD/BTC (BTC=X) facing major crossroad as sell-off proves relentless

Bitcoin: USD/BTC (BTC=X) facing major crossroad as sell-off proves relentless Bitcoin is nearing a critical juncture as its recent sell-off shows few signs of abating. The largest digital token is nearing a crucial inflection point as its price inches closer to the lower band limit of the Trading Envelope Indicator. The gauge smooths moving averages […]

Euro: USD/EUR (EUR=X) stuck in consolidation

Euro: USD/EUR (EUR=X) stuck in consolidation

Euro: USD/EUR (EUR=X) stuck in consolidation The Euro initially gapped higher to kick off the trading session on Monday, but then pulled back to test the crucial 1.10 level. By doing so, it has shown significant strength but quite frankly at this point I think we are essentially stuck in consolidation. This is the normal […]

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation

Australian Dollar: USD/AUD (AUD=X) going to be highly influenced by the US/China trade situation The Australian dollar has taken off to the upside during the trading session on Monday, reaching towards the 50 day EMA by the time New York opened. With that being the case, it looks as if we are trying to make […]

Singapore: STI Index (.STI) Stock Market May Extend Losing Streak

Singapore: STI Index (.STI) Stock Market May Extend Losing Streak

Singapore: STI Index (.STI) Stock Market May Extend Losing Streak The Singapore stock market has finished lower in two straight sessions, surrendering more than 20 points or 06 percent along the way. The Straits Times Index now rests just beneath the 3,195-point plateau and it may take further damage again on Monday. The global forecast […]

British Pound: USD/GBP (GBP=X) should continue to go much higher

British Pound: USD/GBP (GBP=X) should continue to go much higher

British Pound: USD/GBP (GBP=X) should continue to go much higher The British pound has rallied a bit during the trading session on Monday, reaching higher yet again. At this point, the market is likely to test the 1.30 level above, which of course has been major resistance. At this point in time it’s likely that […]

UK FTSE 100 (.FTSE) reverses, global markets fall as US hits Brazil and Argentina with steel tariffs

UK FTSE 100 (.FTSE) reverses, global markets fall as US hits Brazil and Argentina with steel tariffs

UK FTSE 100 (.FTSE) reverses, global markets fall as US hits Brazil and Argentina with steel tariffs The FTSE 100 tumbled to a 10-day low after shedding 0.8% in the wake of US president Donald Trump ramping up his global trade war by reinstating tariffs on steel imports from Brazil and Argentina. The blue chip […]

Hong Kong: HANG SENG INDEX (.HSI) moves up, but trade talks worries remain

Hong Kong: HANG SENG INDEX (.HSI) moves up, but trade talks worries remain

Hong Kong: HANG SENG INDEX (.HSI) moves up, but trade talks worries remain Hong Kong stocks ended Monday’s morning session on a positive note following a forecast-beating report on the mainland factory activity, but worries about China-US talks remained The Hang Seng index added 0.5 percent, to 26,468. On the mainland, the Shanghai Composite index […]

DAX PERFORMANCE-INDEX (.GDAXI) Rallies As Chinse Manufacturing PMI Overshadows German Issues

DAX PERFORMANCE-INDEX (.GDAXI) Rallies As Chinse Manufacturing PMI Overshadows German Issues

DAX PERFORMANCE-INDEX (.GDAXI) Rallies As Chinse Manufacturing PMI Overshadows German Issues The Dax rebounded on Monday as traders focused on strong data from China which boosted risk sentiment and overshadowed data showing the German manufacturing sector remains deep in recession The recovery in the Dax follows on from gains in Asia as investors cheered better […]

Asian markets rally following China data, eyes on trade talks

Asian markets rally following China data, eyes on trade talks

Asian markets rose Monday as investors cheered data showing a surprise jump in Chinese factory activity, while oil prices bounced from last week’s sharp losses after Iraq said top producers could announce a cut in output this week. But while the week started on a positive note, worries about the trade talks were revived by […]

Retail crisis hitting Walsall and its 270,000 inhabitants is mirrored across the UK

Retail crisis hitting Walsall and its 270,000 inhabitants is mirrored across the UK

Retail crisis hitting Walsall and its 270,000 inhabitants is mirrored across the UK With its deserted streets and closed shops, the centre of Walsall bears witness to Britain’s retail crisis that political parties campaigning for election have vowed to fix. It’s difficult not to be struck by the multitude of “to let” signs on unoccupied […]

Apple Inc. (NASDAQ:AAPL) ramps up AirPods Pro production

Apple Inc. (NASDAQ:AAPL) ramps up AirPods Pro production

Apple Inc. (NASDAQ:AAPL) ramps up AirPods Pro production Demand for $250 wireless headphones is apparently quite strong. According to Nikkei Asian Review, Apple has doubled production of its AirPods Pro, to 2 million units per month, in an effort to satisfy consumers’ unquenchable thirst for the very expensive gadgets. Apple stock was up 0.9% on […]

Bitcoin: USD/BTC (BTC=X) Is $7,900 USD a possibility?

Bitcoin: USD/BTC (BTC=X) Is $7,900 USD a possibility?

Bitcoin: USD/BTC (BTC=X) Is $7,900 USD a possibility? As we enter into the month of December, the last month of the decade that blessed us with Bitcoin and blockchain technology growth. However, since hitting heights of $19,800 USD in late 2017, the price of the pioneer crypto has been on a wild ride, dropping to […]

Hong Kong: HANG SENG INDEX (.HSI) economy is now in extremely difficult times

Hong Kong: HANG SENG INDEX (.HSI) economy is now in extremely difficult times

Hong Kong: HANG SENG INDEX (.HSI) economy is now in extremely difficult times Hong Kong is set to record its first budget deficit in 15 years, the city’s finance chief warned Monday, as the business hub reels from the twin shocks of the trade war and seething democracy protests. In the latest grim assessment for […]

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand

United States Oil (USO) signs of rising manufacturing activity in China pointed to increasing fuel demand Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next […]

Dow Jones Industrial Average (.DJI) Hovering Around Record High Territory

Dow Jones Industrial Average (.DJI) Hovering Around Record High Territory

Dow Jones Industrial Average (.DJI) Hovering Around Record High Territory A strong month for the Dow Jones, gaining over 4% in November with the index hovering around record high territory. As the final month of the decade begins eyes will be on the plethora of key US data releases, starting with the ISM Manufacturing PMI. […]

Alibaba Group Holding Limited (NYSE:BABA) secondary listing in Hong Kong is the world’s largest offering so far this year

Alibaba Group Holding Limited (NYSE:BABA) secondary listing in Hong Kong is the world’s largest offering so far this year

Alibaba Group Holding Limited (NYSE:BABA) secondary listing in Hong Kong is the world’s largest offering so far this year Chinese e-commerce giant Alibaba (NYSE:BABA) Group Holding Ltd (HK:9988)’s shares in Hong Kong continued to dip on Monday after having risen nearly 10% since its high-profile debut last week. The stock currently trades at HK$196.40 by […]

Canadian Dollar: USD/CAD (CAD=X) faces BoC rate decision and November employment data

Canadian Dollar: USD/CAD (CAD=X) faces BoC rate decision and November employment data

Canadian Dollar: USD/CAD (CAD=X) faces BoC rate decision and November employment data The Pound-to-Canadian-Dollar rate is tipped by technical analysts to remain supported in the days ahead, although an apparent ebbing of support for Prime Minister Boris Johnson’s party in pre-election opinion polls could mean the British currency is vulnerable to losses early in the […]

British Pound: USD/GBP (GBP=X) polls predicted there would be a Conservative majority following the 12th December election

British Pound: USD/GBP (GBP=X) polls predicted there would be a Conservative majority following the 12th December election

British Pound: USD/GBP (GBP=X) polls predicted there would be a Conservative majority following the 12th December election The Pound Sterling to US Dollar (GBP/USD) exchange rate rose at the start of the week, as polls predicted there would be a Conservative majority following the 12th December election. However, the pairing retreated on Tuesday as reports […]

Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax

Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax

Euro: USD/EUR (EUR=X) constrained by German politics, U.S. decision on ‘DST’ tax The Euro was little changed for the week on Friday after a last minute rally averted the prospect of a close below the key 1.10 level, but the exchange rate is at risk of fresh declines in the days ahead, according to the […]

Japanese Yen: USD/JPY (JPY=X) BOJ’s Kuroda: Not Considering Further Monetary Easing Now

Japanese Yen: USD/JPY (JPY=X) BOJ’s Kuroda:  Not Considering Further Monetary Easing Now

Japanese Yen: USD/JPY (JPY=X) BOJ’s Kuroda: Not Considering Further Monetary Easing Now The Dollar/Yen closed higher last week with the buying driven by higher Treasury yields and a rising stock market. The catalysts behind the strength were optimism over a U.S.-China trade deal and a strong U.S. economy. News from Japan continued to point toward […]

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving

Australian Dollar: USD/AUD (AUD=X) market has a lack of volume due to Thanksgiving The Australian dollar initially tried to rally during the week but then drifted lower to reach the 0.6775 handle, and perhaps even a little bit lower. At this point though, the market has a lack of volume as Thanksgiving would have been […]

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks

Australia: S&P/ASX 200 (.AXJO) traders prepare for what promises to be a high impact two-to-three weeks A quiet end to last week as the Thanksgiving holiday disrupted markets, setting up the ASX for a soft start this morning. At 7.15am AEDT, futures are pointing to a gain of 5 points at the open. Stocks fall […]

Clouds of tear gas returned to Hong Kong: HANG SENG INDEX (.HSI) over the weekend as police and protesters clashed

Clouds of tear gas returned to Hong Kong: HANG SENG INDEX (.HSI) over the weekend as police and protesters clashed

Clouds of tear gas returned to Hong Kong: HANG SENG INDEX (.HSI) over the weekend as police and protesters clashed Clouds of tear gas returned to Hong Kong over the weekend as police and protesters clashed, signaling pro-democracy rallies are set to drag on after demonstrators got a boost from an election win and support […]

NASDAQ Composite (.IXIC) rise ahead of Thanksgiving Day

NASDAQ Composite (.IXIC) rise ahead of Thanksgiving Day

NASDAQ Composite (.IXIC) rise ahead of Thanksgiving Day US markets edged higher into record territory on Wednesday however trading volumes were thin ahead of the Thanksgiving Day holiday on Thursday. The Dow Jones Industrial Average moved up 42.32 points or 0.15 percent to 28,164.00 while the S&P 500 rose 13.11 points or 0.42 percent to […]

Facebook, Inc. (NASDAQ:FB) and associated platforms back online after outage

Facebook, Inc. (NASDAQ:FB) and associated platforms back online after outage

Facebook, Inc. (NASDAQ:FB) and associated platforms back online after outage Facebook said it had restored service following an outage on Thursday that hindered access to the social platform and its other apps such as Instagram. “Earlier today, people may have experienced trouble accessing Facebook’s family of apps. The issue has since been resolved, we are […]

The ‘New’ Case for Twitter, Inc. (NYSE:TWTR) Stock

The ‘New’ Case for Twitter, Inc. (NYSE:TWTR) Stock

The ‘New’ Case for Twitter, Inc. (NYSE:TWTR) Stock Twitter (NYSE:TWTR) stock rallied nicely for most of 2019, and received a healthy valuation as a result. In fact, on an earnings basis, Twitter stock was valued at a substantial premium to larger peers in social media and online advertising. ut Twitter’s disappointing third-quarter report suggests that […]

Bitcoin: USD/BTC (BTC=X) jumped above $7,400 confirming a bullish breakout

Bitcoin: USD/BTC (BTC=X) jumped above $7,400 confirming a bullish breakout

Bitcoin: USD/BTC (BTC=X) jumped above $7,400 confirming a bullish breakout Bitcoin eked out the biggest single-day gain in four weeks on Wednesday, confirming a short-term price breakout and opening doors for a test of resistance at $7,800.  The number one cryptocurrency printed a UTC close at $7,528 on Bitstamp, representing a 5.15 percent gain on […]

Modest gains drive US stock indexes to more record highs

Modest gains drive US stock indexes to more record highs

Modest gains drive US stock indexes to more record highs U.S. stocks will keep rising in 2020 but at a much more modest pace than this year, with plenty to potentially slow the ascent, according to a Reuters poll of strategists. The benchmark S&P 500 index will finish 2020 at 3,260, roughly 4% above its […]

United States Oil (USO) investors are taking a wait-and-see approach

United States Oil (USO) investors are taking a wait-and-see approach

United States Oil (USO) investors are taking a wait-and-see approach Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, fuelling tensions with China. Brent crude lost 14 cents, or 0.2%, at $63.92 a barrel, […]

Alibaba Group Holding Limited (NYSE:BABA) stock is still on pace for double-digit gains this week

Alibaba Group Holding Limited (NYSE:BABA) stock is still on pace for double-digit gains this week

Alibaba Group Holding Limited (NYSE:BABA) stock is still on pace for double-digit gains this week Alibaba’s newly listed Hong Kong shares got off to a rough start Friday, but the stock is still on pace for double-digit gains this week.Shares of the Chinese e-commerce company are now trading at 199.80 Hong Kong dollars ($25.52) each. […]

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal

Australia: S&P/ASX 200 (.AXJO) reaches highest point ever despite Westpac scandal The Australian share market has lifted to its highest ever point despite one of the country’s biggest institutions being embroiled in controversy. Scandal-plagued Westpac is the nation’s second largest bank in a sector that dominates the equities market, but this hasn’t restricted the indices […]

British Pound: USD/GBP (GBP=X) Exchange Rate to Break Through to $1.30 if Boris Johnson Secures Majority in December Election?

British Pound: USD/GBP (GBP=X) Exchange Rate to Break Through to $1.30 if Boris Johnson Secures Majority in December Election?

British Pound: USD/GBP (GBP=X) Exchange Rate to Break Through to $1.30 if Boris Johnson Secures Majority in December Election? The Pound US Dollar (GBP/USD) exchange rate is consolidating its gains this morning, after roaring higher overnight as a highly influential opinion poll suggested Boris Johnson is on track to win big in next month’s general […]

Hong Kong: HANG SENG INDEX (.HSI) weighed down by President Donald Trump signing legislation supporting Hong Kong protesters

Hong Kong: HANG SENG INDEX (.HSI) weighed down by President Donald Trump signing legislation supporting Hong Kong protesters

Hong Kong: HANG SENG INDEX (.HSI) weighed down by President Donald Trump signing legislation supporting Hong Kong protesters Hong Kong shares edged lower on Thursday after U.S. President Donald Trump enacted a law that seeks to re-examine Hong Kong’s autonomy on an annual basis. The Hang Seng Index lost 0.2% to 26,893.73 after falling as […]

Buy Gold and Silver 1 OZ 999 NY (XAG=X) in Bull Market Dips – A Rare Significant Opportunity

Buy Gold and Silver 1 OZ 999 NY (XAG=X) in Bull Market Dips – A Rare Significant Opportunity

Buy Gold and Silver 1 OZ 999 NY (XAG=X) in Bull Market Dips – A Rare Significant Opportunity Buy Gold and Silver in Bull Market Dips – A Rare Significant Opportunity Back in July, I wrote about gold’s long-anticipated breakout. Gold bugs everywhere rejoiced! And I suggested the best was yet to come. After being […]

Japanese Yen: USD/JPY (JPY=X) rises, dollar flat as Trump signs the Hong Kong bill

Japanese Yen: USD/JPY (JPY=X) rises, dollar flat as Trump signs the Hong Kong bill

Japanese Yen: USD/JPY (JPY=X) rises, dollar flat as Trump signs the Hong Kong bill On Thursday, increasing worries about the Sino-US tensions caused the safe-haven prices to rise, while the dollar stayed near flat. The USD/JPY pair dropped 0.1% to 109.45 by 05:20 GMT. The U.S. President Trump signed into law two bills that support […]

Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week

Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week

Euro: USD/EUR (EUR=X) Volatility to Slow for Remainder of Week With the Thanksgiving holiday, it is like the markets will see a further slowing of volatility in the second half of the week. I suspect intraday traders will continue to fade extreme moves and that the pair will look to close the week out not […]

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal

Australian Dollar: USD/AUD (AUD=X) struggles for direction as the Americans and the Chinese continue to negotiate a potential trade deal The Australian dollar has struggled a bit during the trading session to find any footing, but that should not be much of a surprise as we have seen this market struggle for direction as the […]

Singapore: STI Index (.STI) May Add To Its Winnings

Singapore: STI Index (.STI) May Add To Its Winnings

Singapore: STI Index (.STI) May Add To Its Winnings The Singapore stock market on Wednesday ended the two-day losing streak in which it had lost more than 15 points or 0.5 percent. The Straits Times Index now rests just above the 3,215-point plateau and it’s predicted to see additional support on Thursday. The global forecast […]

New Zealand Dollar: NZD/USD (NZD=X) RBNZ Governor Adrian Orr Addresses Dairy Debt Situation

New Zealand Dollar: NZD/USD (NZD=X) RBNZ Governor Adrian Orr Addresses Dairy Debt Situation

New Zealand Dollar: NZD/USD (NZD=X) RBNZ Governor Adrian Orr Addresses Dairy Debt Situation On Wednesday, the Reserve Bank of New Zealand (RBNZ) released its financial stability report. In its latest report, it said options to address excessive daily debt are limited as farm sales are at historically low levels. The dairy sector has limited options […]

DAX PERFORMANCE-INDEX (.GDAXI) turning lower from range resistance

DAX PERFORMANCE-INDEX (.GDAXI) turning lower from range resistance

DAX PERFORMANCE-INDEX (.GDAXI) turning lower from range resistance The DAX appears to be at a turning point following a recent rally that has taken us back into the key resistance level of 13,310. That level represents the highest point within the consolidation phase evident from 7 November to 19 November. Thus, with the price having […]

Bitcoin: USD/BTC (BTC=X) Rallies Around Holidays

Bitcoin: USD/BTC (BTC=X) Rallies Around Holidays

Bitcoin: USD/BTC (BTC=X) Rallies Around Holidays There’s a reason as to why many in the community expect Bitcoin to rally around the holidays. First of all, the order books are relatively thinner as at least a huge chunk of traders in the US are busy attending family feasts or preparing for making Black Friday purchases. […]

Australia’s first underwater hotel to open on Great Barrier Reef

Australia’s first underwater hotel to open on Great Barrier Reef

Australia’s first underwater hotel is set to open on the Great Barrier Reef in the coming days, allowing visitors to immerse themselves in one of the world’s most spectacular natural environments. Situated about 40 nautical miles off Airlie Beach at Hardy Reef’s reconstructed pontoon that was badly damaged by Cyclone Debbi in 2017, the 10 […]

UK FTSE 100 (.FTSE) trades lower on renewed US-China trade fears, Virgin Money soars

UK FTSE 100 (.FTSE) trades lower on renewed US-China trade fears, Virgin Money soars

UK FTSE 100 (.FTSE) trades lower on renewed US-China trade fears, Virgin Money soars The FTSE 100 is trading lower as President Donald Trump signed into law a bill that favours the Hong Kong protestors. President Trump’s signing of the Human Rights and Democracy Act is likely to stir tensions with China just as the […]

Shanghai: SSE Composite Index (.SSEC) Close Down As Wallflower Investors Sit Out the Dance

Shanghai: SSE Composite Index (.SSEC) Close Down As Wallflower Investors Sit Out the Dance

Shanghai: SSE Composite Index (.SSEC) Close Down As Wallflower Investors Sit Out the Dance Investors left unable to judge the future market direction voted with their feet this afternoon, bringing Chinese stock markets to a lower close. The Shanghai Composite Index dipped 0.47 percent to 2,889.69. The Shenzhen Component Index slipped 0.27 percent to 9,622.14. […]