United States Oil (USO) rose against expectations as production hit a record

United States Oil (USO) rose against expectations as production hit a record

United States Oil (USO) rose against expectations as production hit a record. Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations as production hit a record. Brent crude futures were down 18 cents, or 0.3%, at $63.88 a barrel by 0517 […]

Keeneland Sales Graduates Top Holiday Graded Stakes Fields

Keeneland Sales Graduates Top Holiday Graded Stakes Fields

Keeneland sales graduates lead entries for upcoming graded stakes held in celebration of the Thanksgiving holiday. Tom’s d’Etat, winner of the Hagyard Fayette (G2) on closing day of Keeneland’s Fall Meet, headlines the Clark Handicap Presented by Norton Healthcare (G1) on Friday at Churchill Downs. Tom’s d’Etat is one of eight Keeneland September Yearling Sale […]

Champions Series Stars To Stud: Magna Grecia

Champions Series Stars To Stud: Magna Grecia

In the latest of our series we put the QIPCO 2000 Guineas winner under the microscope. Horse: MAGNA GRECIA Trainer: Aidan O’Brien. Regular jockey: Donnacha O’Brien. Races: 6. Wins: 3. Group 1 wins: 2. Prize-money: £457,666 Form in Champions Series races: 10. Official rating: 118 OVERVIEW: Aidan O’Brien became the first trainer in more than 180 years to win three successive renewals […]

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind The Pound was scraping along the bottom of the major currency barrel on Tuesday although further losses could be just around the corner, according to some analysts, because momentum is shifting to the downside on the charts just as election opinion polls […]

Gold, Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets

Gold, Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets

Gold, Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets Silver markets initially fell during the trading session on Monday to kick off the week but have turned around to show signs of life again. At that juncture, we also have a relatively significant uptrend line that has proven […]

Trade talk news lifts Hong Kong: HANG SENG INDEX (.HSI), Alibaba keeps soaring

Trade talk news lifts Hong Kong: HANG SENG INDEX (.HSI), Alibaba keeps soaring

Trade talk news lifts Hong Kong: HANG SENG INDEX (.HSI), Alibaba keeps soaring Hong Kong shares closed with slight gains on Wednesday, in line with a broad advance across Asia on optimism over the China-US trade talks. The Hang Seng index added 0.2 percent, to 26,954. Shares of Alibaba, the Chinese e-commerce which was listed […]

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020

Australian Dollar: USD/AUD (AUD=X) Westpac Predicts Two RBA Rate Cuts, QE in 2020 The Australian and New Zealand Dollars are inching lower on Wednesday on low volume. The tight trading range this week suggests many of the major players are on the sidelines ahead of the U.S. bank holiday on Thursday. Aussie and Kiwi investors […]

UK FTSE 100 (.FTSE) hits four-month high as Trump says China deal close

UK FTSE 100 (.FTSE) hits four-month high as Trump says China deal close

UK FTSE 100 (.FTSE) hits four-month high as Trump says China deal close The FTSE 100 has rallied to a four-month high after Donald Trump said the US was in the ‘final throes’ of trade negotiations with China. The UK blue-chip index rose 37 points, or 0.5%, to 7,440, its highest level since early August. Trump […]

Singapore: STI Index (.STI) falls as markets attempt to find direction

Singapore: STI Index (.STI) falls as markets attempt to find direction

Singapore: STI Index (.STI) falls as markets attempt to find direction It was a mixed day for local shares as investors continued to get a handle on the shifting nature of the United States-China trade talks. That said, real estate investment trusts (Reits) traded decidedly higher yesterday after US Federal Reserve chairman Jerome Powell said […]

Bitcoin: USD/BTC (BTC=X) hits speed bump, reaches lowest level in 6 months

Bitcoin: USD/BTC (BTC=X) hits speed bump, reaches lowest level in 6 months

Bitcoin: USD/BTC (BTC=X) hits speed bump, reaches lowest level in 6 months It wasn’t long ago that bitcoin looked like it was making a comeback. Recently, however,it has hit a speed bump. Bitcoin’s price came tumbling down Monday as it dropped to $6,558 at 1 a.m. EST, its lowest level in six months. (Since bitcoin is […]

Canadian Dollar: USD/CAD (CAD=X) Quiet After Mixed Retail Sales Data

Canadian Dollar: USD/CAD (CAD=X) Quiet After Mixed Retail Sales Data

Canadian Dollar: USD/CAD (CAD=X) Quiet After Mixed Retail Sales Data Canadian consumers have not been in the best of moods, as recent retail sales reports have been weak. On Friday, the September retail sales were a mixed bag. Retail sales posted a second straight decline of 0.1%, but managed to beat the estimate of -0.3%. […]

Japanese Yen: USD/JPY (JPY=X) indicates there are more optimists than pessimists

Japanese Yen: USD/JPY (JPY=X) indicates there are more optimists than pessimists

Japanese Yen: USD/JPY (JPY=X) indicates there are more optimists than pessimists If investors are nervous about the lack of concrete evidence that the U.S. and China are making progress toward a trade deal, it’s not showing up in the financial markets early Wednesday. U.S. stock market futures are trading at new record highs, Treasury yields […]

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed

Australia: S&P/ASX 200 (.AXJO) soars to record closing high as more RBA easing eyed Australian shares surged to a record closing high on Wednesday, supported by growing speculation the Reserve Bank of Australia will cut official interest rates and launch quantitative easing (QE) next year. The benchmark S&P/ASX 200 jumped 63.1 points, or 0.9 per […]

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain

Euro: USD/EUR (EUR=X) Exchange Rate Outlook “Neutral” As Three Of The Largest US-China Sticking Points Remain “EUR/USD short-term technicals: Neutral – Yesterday’s euro downswing ran into important support just above the 1.1000 psychological barrier with the common currency bouncing back in a rather unspectacular fashion from its seven-session low of 1.1004. A move below 1.1000 […]

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price

Big banks optimistic for Gold 1 OZ (XAU=X) price Even if the gold price is taking a breather, many experts are certain that a new price increase is imminent. The trade dispute between China and the USA has eased somewhat. As a result, the price of this precious metal has fallen by around seven percent […]

New Zealand Dollar: NZD/USD (NZD=X) stalls as US-China deal awaited

New Zealand Dollar: NZD/USD (NZD=X) stalls as US-China deal awaited

New Zealand Dollar: NZD/USD (NZD=X) stalls as US-China deal awaited The New Zealand dollar remained stalled amid increasingly positive signs the US and China will soon sign a preliminary trade deal and after Federal Reserve chair Jerome Powell made it clear further US interest rate cuts are unlikely. Overnight, New Zealand time, US President Donald […]

Bitcoin: USD/BTC (BTC=X) on a persistent downtrend this month after China took steps to crack down on virtual-currency trading

Bitcoin: USD/BTC (BTC=X) on a persistent downtrend this month after China took steps to crack down on virtual-currency trading

Bitcoin: USD/BTC (BTC=X) on a persistent downtrend this month after China took steps to crack down on virtual-currency trading Even though Bitcoin is on pace to post its worst month this year, technical signals show its recent downturn could be coming to an end. Over the weekend, Bitcoin retested its initial May gap that preceded […]

Ethereum: USD/ETH (ETH=) Approaching Crucial Resistance

Ethereum: USD/ETH (ETH=) Approaching Crucial Resistance

Ethereum: USD/ETH (ETH=) Approaching Crucial Resistance This month, there was a nasty dip in Ethereum price below the $172 and $160 support levels against the US Dollar. Moreover, ETH broke the $150 support area, the 55 simple moving average (4-hours), and traded close to the $130 area. A new monthly low was formed near $131.78 […]

Tesla, Inc. (NASDAQ:TSLA) polarizing Cybertruck was preordered 200,000 times within 3 days

Tesla, Inc. (NASDAQ:TSLA) polarizing Cybertruck was preordered 200,000 times within 3 days

Tesla, Inc. (NASDAQ:TSLA) polarizing Cybertruck was preordered 200,000 times within 3 days Just days after hosting a bumpy reveal event, Tesla secured 200,000 preorders of its new electric pickup truck, CEO Elon Musk tweeted Sunday. A day earlier, the Palo Alto-based automaker hit 146,000 preorders within the truck’s first 48 hours. In order to preorder the much-buzzed-about Cybertruck, […]

Dow Jones Industrial Average (.DJI) hits new highs on trade news

Dow Jones Industrial Average (.DJI) hits new highs on trade news

Dow Jones Industrial Average (.DJI) hits new highs on trade news More encouraging signs that trade talks between the U.S. and China are on track kept investors in a buying mood Tuesday, nudging the major stock indexes to record highs for the second straight day. Retailers and other companies that rely on consumer spending helped […]

United States Oil (USO) hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices

United States Oil (USO)   hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices

United States Oil (USO) hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a bigger drop in prices Oil eased on Wednesday following an industry report showing a surprise build in U.S. crude stockpiles, but hopes surrounding the signing of the first phase of a U.S.-China trade deal prevented a […]

Alibaba Group Holding Limited (NYSE:BABA) stock jumps 6.9% in Hong Kong trading debut

Alibaba Group Holding Limited (NYSE:BABA) stock jumps 6.9% in Hong Kong trading debut

Alibaba Group Holding Limited (NYSE:BABA) stock jumps 6.9% in Hong Kong trading debut Alibaba’s Hong Kong shares made a solid debut on Tuesday, trading 6.9 per cent higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year. The Chinese e-commerce giant […]

André Michel Hurlde & Morgex Chase: Newcomers close the season

André Michel Hurlde & Morgex Chase: Newcomers close the season

The 2019 renewal of the Prix André Michel Hurdle (Gr3), for 4+ fillies and lmares, went to Sainte Saône (Saint des Saints), who held her rival Cotée Sud (Lord of South) in respect to the end and won by a good length as Presidente Line (Martaline) finished a ten lengths 3rd. The winner was bred by […]

New Kids on the Champions Series Block: Earthlight

New Kids on the Champions Series Block: Earthlight

The Andre Fabre-trained youngster won all five of his races in 2019 and signed off with successive Group 1 victories Horse: EARTHLIGHT Trainer: Ande Fabre. Form: 11111 Blue was the colour in many of the top juvenile races in 2019 as young colts owned by Godolphin rose to the fore. Pinatubo, trained by Charlie Appleby, […]

Shanghai: SSE Composite Index (.SSEC) Close a Bit up; ChiNext Rises Over 1%

Shanghai: SSE Composite Index (.SSEC) Close a Bit up; ChiNext Rises Over 1%

Shanghai: SSE Composite Index (.SSEC) Close a Bit up; ChiNext Rises Over 1% ChiNext closed up 1 percent due to the optimis over MSCI increasing the weighting of Chinese shares in the Emerging Markets Index, while Shanghai market shares climbed a mere 0.3 percent. The Shanghai Composite Index closed at 2,907.10, up 0.03 percent. The […]

Canadian Dollar: USD/CAD (CAD=X) sticks to narrow range as railway strike ends

Canadian Dollar: USD/CAD (CAD=X) sticks to narrow range as railway strike ends

Canadian Dollar: USD/CAD (CAD=X) sticks to narrow range as railway strike ends The Canadian dollar was little changed against the greenback on Tuesday as investors weighed fresh signs of progress toward a U.S.-China trade deal and a deal was reached to end a railway strike that threatened to slow Canada’s economic growth. Teamsters Canada and […]

Japanese Yen: USD/JPY (JPY=X) Return of Risk Appetite

Japanese Yen: USD/JPY (JPY=X) Return of Risk Appetite

Japanese Yen: USD/JPY (JPY=X) Return of Risk Appetite Investor risk appetite returned amid optimism that the US-China trade agreement could happen and the USD/JPY pair had a better chance of an upward correction to the 109.20 resistance early Tuesday, which could trigger bulls to push the pair into 110 psychological resistance, which supports the uptrend […]

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone

Australian Dollar: USD/AUD (AUD=X) short-covering rally may run out of steam as price action will reach its next short-term resistance zone Australian consumer confidence decreased ahead of the key holiday shopping season, but a phone call between officials from the US and China has once again grabbed the headlines. According to the Chinese Ministry of […]

DAX PERFORMANCE-INDEX (.GDAXI) Little Changed In Cautious Trade

DAX PERFORMANCE-INDEX (.GDAXI) Little Changed In Cautious Trade

DAX PERFORMANCE-INDEX (.GDAXI) Little Changed In Cautious Trade German stocks were little changed in cautious trade on Tuesday as investors awaited further clarity on the U.S.-China trade talks. Earlier today, China’s Commerce Ministry said in a brief notice that Vice Premier Liu He spoke with U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin […]

Singapore: STI Index (.STI) Tipped To Bounce Higher Again

Singapore: STI Index (.STI) Tipped To Bounce Higher Again

Singapore: STI Index (.STI) Tipped To Bounce Higher Again The Singapore stock market turned lower again on Monday, one session after it had snapped the three-day losing streak in which it had dropped almost 70 points or 2.1 percent. The Straits Times Index now rests just above the 3,220-point plateau although it’s expected to rebound […]

Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity

Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity

Euro: USD/EUR (EUR=X) catching a bit of a bounce with 1.1000 support in close vicinity US Consumer Confidence Figures Can Trigger Some Volatility The week ahead is expected to be a slow one volatility wise. This is mostly because of the Thanksgiving holiday in the second half of the week that will have many traders […]

Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets

Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets

Silver 1 OZ 999 NY (XAG=X) continue to weaken as investors turn to riskier assets Improving sentiment around US-China trade relations, coupled with positive US economy data and poor physical demand in Indian markets, is turning investors towards riskier assets and away from the safe haven instrument. The change in investor perception is likely to […]

Hong Kong: HANG SENG INDEX (.HSI) investors lock in profit

Hong Kong: HANG SENG INDEX (.HSI) investors lock in profit

Hong Kong: HANG SENG INDEX (.HSI) investors lock in profit Hong Kong stocks ended lower on Tuesday as investors locked in profit after a recent rally, while Alibaba’s shares rose to a small premium over New York in their debut at the financial hub. At the close of trade, the Hang Seng index was down […]

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind

British Pound: USD/GBP (GBP=X) dip comes as election poll tailwind turns into headwind The Pound was scraping along the bottom of the major currency barrel on Tuesday although further losses could be just around the corner, according to some analysts, because momentum is shifting to the downside on the charts just as election opinion polls […]

Bitcoin: USD/BTC (BTC=X) plummets to six month low

Bitcoin: USD/BTC (BTC=X) plummets to six month low

Bitcoin: USD/BTC (BTC=X) plummets to six month low The price of bitcoin has fallen to a six-month low following the second major crash in the space of just three days. The latest dip in value occurred on the 24th November, and saw bitcoin plummet to approximately £5,400. Michael Novogratz, the CEO of Galaxy Digital, suggested […]

United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough

United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough

United States Oil (USO) prices steady as U.S.-China trade deal talks seek breakthrough Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war. Brent crude futures […]

New Zealand Dollar: NZD/USD (NZD=X) report showing much-better-than-expected September quarter retail sales data

New Zealand Dollar: NZD/USD (NZD=X) report showing much-better-than-expected September quarter retail sales data

New Zealand Dollar: NZD/USD (NZD=X) report showing much-better-than-expected September quarter retail sales data The New Zealand Dollar is getting a boost on Tuesday following a report showing much-better-than-expected September quarter retail sales data. Figures released earlier today showed seasonally adjusted retail sales volumes rose 1.6 percent in the three months ended September 30, more than […]

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge

Australia: S&P/ASX 200 (.AXJO) moves higher on energy sector surge The Australian sharemarket has closed higher for a third day, with gains across every sector except consumer discretionary shares. The benchmark S&P-ASX 200 index finished on Tuesday up 56.1 points to 6787.5, while the broader all ordinaries was up 54.2 points to 6889.8. “There’s plenty […]

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors  eyeing consumer confidence and on U.S.-China trade talks

Gold 1 OZ (XAU=X) investors eyeing consumer confidence and on U.S.-China trade talks Gold futures rebounded modestly on Tuesday, as investors kept a close eye on consumer confidence and on U.S.-China trade talks. Gold for December delivery (GCZ19) on Comex gained $3.40, or 0.2%, to settle at $1,460.30 an ounce, after opening largely flat, while December […]

Dow Jones Industrial Average (.DJI) close at records on positive expectations around U.S.-China trade

Dow Jones Industrial Average (.DJI) close at records on positive expectations around U.S.-China trade

Dow Jones Industrial Average (.DJI) close at records on positive expectations around U.S.-China trade Major U.S. stock-market benchmarks ended Monday’s session at records as investors remained attuned to developments in the U.S.-China trade relationship and cheered a wave of merger activity. How did the major benchmarks fare? The Dow Jones Industrial Average (DJIA) advanced 190.85 […]

Bitcoin: USD/BTC (BTC=X) slowly recovers, XRP price slides further down

Bitcoin: USD/BTC (BTC=X) slowly recovers, XRP price slides further down

Bitcoin: USD/BTC (BTC=X) slowly recovers, XRP price slides further down Bitcoin and the rest of the crypto market saw some positive gains today, with almost every major coin in a better place than where they stood yesterday—but not Ripple’s XRP. XRP is down nearly 4 percent on the day, according to data from Messari, currently […]

Netflix, Inc. (NASDAQ:NFLX) Stock Can Grow 30%, Despite Its Streaming Competition

Netflix, Inc. (NASDAQ:NFLX) Stock Can Grow 30%, Despite Its Streaming Competition

Netflix, Inc. (NASDAQ:NFLX) Stock Can Grow 30%, Despite Its Streaming Competition The streaming stock wars have begun. Netflix Inc (NASDAQ:NFLX), Apple Inc. (NASDAQ:AAPL) and Walt Disney Co (NYSE:DIS) are now firmly entrenched in a battle over the eyeballs of viewers the world over. Netflix stock has been down in recent weeks while Disney stock and Apple stock […]

Alibaba Group Holding Limited (NYSE:BABA) shares rise in Hong Kong market debut after completing biggest IPO in 2019

Alibaba Group Holding Limited (NYSE:BABA) shares rise in Hong Kong market debut after completing biggest IPO in 2019

Alibaba Group Holding Limited (NYSE:BABA) shares rise in Hong Kong market debut after completing biggest IPO in 2019 Alibaba Group Holding’s shares rose in early trading on their Hong Kong market debut after the Chinese technology company completed the world’s biggest stock offering this year. The shares changed hands at HK$188.10 at noon local time, […]

Ethereum: USD/ETH (ETH=) down close to 40% in the last six months

Ethereum: USD/ETH (ETH=)  down close to 40% in the last six months

Ethereum: USD/ETH (ETH=) down close to 40% in the last six months The past five days have seen the price of Ethereum, the second most popular cryptocurrency by market cap, experience back-to-back losses. During that time, it has fallen from well over $180, down to its current price of $147.46, losing 16% of its value. […]

NASDAQ Composite (.IXIC) jump to records as tech, small companies lead way

NASDAQ Composite (.IXIC) jump to records as tech, small companies lead way

NASDAQ Composite (.IXIC) jump to records as tech, small companies lead way A flurry of buyout deals and rising optimism about U.S.-China trade talks sent stocks back to record heights Monday, the latest bit of fuel for a market that’s been climbing since early last month. Technology stocks and smaller companies led the way after […]

Tesla, Inc. (NASDAQ:TSLA) stock price recovers on Cybertruck hitting 200,000 pre-orders

Tesla, Inc. (NASDAQ:TSLA) stock price recovers on Cybertruck hitting 200,000 pre-orders

Tesla, Inc. (NASDAQ:TSLA) stock price recovers on Cybertruck hitting 200,000 pre-orders Tesla’s (TSLA) stock price took a dive after the unveiling of the Cybertruck last week, but now the stock is recovering as Elon Musk announces that Tesla already received over 200,000 pre-orders, which can be worth over $10 billion if fully converted. It’s difficult […]

Nike and Amazon.com, Inc. (NASDAQ:AMZN) part ways

Nike and Amazon.com, Inc. (NASDAQ:AMZN) part ways

Nike and Amazon.com, Inc. (NASDAQ:AMZN) part ways In retrospect, it was more of an experiment than a relationship. Nike began legitimately listing some of its merchandise on Amazon.com in 2017, largely to stave off consumer frustration of finding out their Nike-branded goods purchases via Amazon weren’t actually made by Nike. At least by working together, […]

Alphabet Inc. (NASDAQ:GOOG) Weak Stadia Launch Dims Some Hopes

Alphabet Inc. (NASDAQ:GOOG) Weak Stadia Launch Dims Some Hopes

Alphabet Inc. (NASDAQ:GOOG) Weak Stadia Launch Dims Some Hopes Google Stadia, the company’s new streaming game service, launches Tuesday, just ahead of the busy holiday season for video games. I’ve been testing it for the past week and it’s a look at the future of gaming where people don’t own expensive consoles, but instead stream […]

Metropole Hanoi Celebrates Christmas Season in Haute Couture Style

Metropole Hanoi Celebrates Christmas Season in Haute Couture Style

This Christmas season the Sofitel Legend Metropole Hanoi is transforming into a “fashion house,” L’Atelier du Metropole, to celebrate the holidays, pairing sophisticated French style with a glitzy joie de vivre. Unique couture collections created by young local Vietnamese designers will be on display throughout the hotel during the festive season. Metropole Hanoi invited Le […]

Positive US-China trade vibes are propelling Shanghai: SSE Composite Index (.SSEC) market higher

Positive US-China trade vibes are propelling Shanghai: SSE Composite Index (.SSEC)  market higher

Positive US-China trade vibes are propelling Shanghai: SSE Composite Index (.SSEC) market higher Asian stocks advanced Monday, boosted by positive signals about a potential US-China trade deal. Hong Kong’s Hang Seng Index opened up 1.1% and widened the gains to 1.9% in early trading. It’s the top performer so far among major indexes in the […]

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase

Gold 1 OZ (XAU=X) investors’ appetite for riskier assets increase Gold fell for a fourth straight session on Monday, hitting a two-week low as investors’ appetite for riskier assets increased on renewed optimism that a resolution to the protracted U.S.-China trade conflict will soon be reached. U.S. gold futures settled 0.5% lower at $1,456.90 per […]

DAX PERFORMANCE-INDEX (.GDAXI) Rises On Trade Deal Hopes

DAX PERFORMANCE-INDEX (.GDAXI) Rises On Trade Deal Hopes

DAX PERFORMANCE-INDEX (.GDAXI) Rises On Trade Deal Hopes German stocks advanced on Monday after a tabloid run by the ruling Communist Party’s official People’s Daily discounted “negative” media reports and said both countries were “very close” to a phase one trade deal. Meanwhile, the headline German IFO Business Climate Index came in at 95.0 in […]

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low

Australian Dollar: USD/AUD (AUD=X) RBA revealed the Board was mindful that rates were already low The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come […]

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners

Australia: S&P/ASX 200 (.AXJO) edges higher as iron-ore strength steels miners A rise in iron ore spot prices pushed up shares in Australia’s major iron ore producers on Monday and helped underpin a 0.3 per cent lift in the S&P/ASX 200 index to 6731.4. The steel ingredient is at four-week highs of $US84.50 per tonne […]

Hong Kong: HANG SENG INDEX (.HSI) higher on fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals

Hong Kong: HANG SENG INDEX (.HSI) higher on fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals

Hong Kong: HANG SENG INDEX (.HSI) higher on fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals Hong Kong stocks rallied on Monday following key elections, aided by fresh hopes for Sino-U.S. trade talks after leaders of the world’s two largest economies sent positive signals. The Hang […]

New Zealand Dollar: NZD/USD (NZD=X) likely being supported by upbeat comments about a trade deal over the week-end

New Zealand Dollar: NZD/USD (NZD=X) likely being supported by upbeat comments about a trade deal over the week-end

New Zealand Dollar: NZD/USD (NZD=X) likely being supported by upbeat comments about a trade deal over the week-end The New Zealand Dollar is trading higher early Monday with the currency likely being supported by upbeat comments about a trade deal over the week-end. United States national security adviser Robert O’Brien said on Saturday that an […]

Canadian Dollar: USD/CAD (CAD=X) Recoups Some Losses

Canadian Dollar: USD/CAD (CAD=X) Recoups Some Losses

Canadian Dollar: USD/CAD (CAD=X) Recoups Some Losses The Canadian dollar closed Friday’s session with a small loss compared to its opening level. It was not alone. The rest of the G-10 major currency pairs suffered a similar fate, led by slides in EUR/USD and GBP/USD. Canadian dollar weakness was exacerbated by Retail Sales data exacerbated […]

British Pound: USD/GBP (GBP=X) Broader Range Continues

British Pound: USD/GBP (GBP=X) Broader Range Continues

British Pound: USD/GBP (GBP=X) Broader Range Continues The pound to dollar exchange rate has alternated between weekly gains and losses for six consecutive weeks and the pair largely remains range bound. Last week, an early week attempt at the 1.3000 brought hope among bulls for a range break. However, the pair failed to follow through […]

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend

Japanese Yen: USD/JPY (JPY=X) Trying to Break the Trend Throughout last week’s trading, we have not seen strong USD/JPY moves, as the pair has tried to avoid breaking the uptrend by moving below the 108.00 support level. The pair lost support at 108.27 but at the same time it did not find enough support to […]

Singapore: STI Index (.STI) core inflation rate eased to its weakest level in over three years

Singapore: STI Index (.STI) core inflation rate eased to its weakest level in over three years

Singapore: STI Index (.STI) core inflation rate eased to its weakest level in over three years Singapore’s core inflation rate eased to its weakest level in over three years in October, data showed on Monday. The core consumer price index (CPI) rose 0.6% from a year earlier, compared with a 0.7% rise in September. This […]

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading

Bitcoin: USD/BTC (BTC=X) recent tumble is being attributed to China’s recent announcement that it will crack down on crypto trading The price of bitcoin (BTCUSD)  was last around $6,850, according to Coindesk, after slumping about 24% over the past month. In June, the leading cryprocurrency topped $9,000 for the first time in more than a […]

UK FTSE 100 (.FTSE) higher on renewed hopes an initial Sino-U.S. trade deal may be clinched this year

UK FTSE 100 (.FTSE) higher on renewed hopes an initial Sino-U.S. trade deal may be clinched this year

UK FTSE 100 (.FTSE) higher on renewed hopes an initial Sino-U.S. trade deal may be clinched this year Britain’s FTSE 100 rose on Monday on renewed hopes an initial Sino-U.S. trade deal may be clinched this year while further signs the Conservatives are set to win an election next month drove mid-caps to their highest […]

Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely

Euro: USD/EUR (EUR=X)  Further Decline in Volatility Appears Likely

Euro: USD/EUR (EUR=X) Further Decline in Volatility Appears Likely EUR/USD ranges in the past two weeks have been much more narrow than usual, and with the Thanksgiving holiday in the week ahead, this trend may continue. Last week, EUR/USD prices fluctuated about 83 pips from high to low. The week before, it was a mere […]

Banyan Tree to Open Luxury Resort in Krabi

Banyan Tree to Open Luxury Resort in Krabi

Singapore-based Banyan Tree Holdings Ltd, one of Asia’s foremost luxury hotel groups, has announced plans for a new resort in Krabi in the second quarter of 2020. Now under development in a serene location on Tubkaek Beach, 45-minute scenic drive from Krabi airport”, Banyan Tree Krabi fronts powdery white sands and the shallow-shelved coast of […]

Will Apple Inc. (NASDAQ:AAPL) share price continue to soar in 2020?

Will Apple Inc. (NASDAQ:AAPL) share price continue to soar in 2020?

Will Apple Inc. (NASDAQ:AAPL) share price continue to soar in 2020? Since going public in 1980, Apple has become the world’s first trillion-dollar company – a feat it achieved in August last year. Therefore, it was no surprise to see the company’s market capitalisation – the total value of its stock shares – overtake that […]

Bitcoin: USD/BTC (BTC=X) Matches Record Losing Run in Fall to Six-Month Low

Bitcoin: USD/BTC (BTC=X) Matches Record Losing Run in Fall to Six-Month Low

Bitcoin: USD/BTC (BTC=X) Matches Record Losing Run in Fall to Six-Month Low Bitcoin sank nearly 10% to the lowest level in six months, extending last week’s slide past the weekend on concerns about a crackdown on cryptocurrency operations by China. The digital currency plunged as much as 9.8% from Friday’s close and was trading just […]

Amazon.com, Inc. (NASDAQ:AMZN) chooses Chinese Pinduoduo e-commerce platform to launch its online store

Amazon.com, Inc. (NASDAQ:AMZN) chooses Chinese Pinduoduo e-commerce platform to launch its online store

Amazon.com, Inc. (NASDAQ:AMZN) chooses Chinese Pinduoduo e-commerce platform to launch its online store Amazon has been in headlines in the past few weeks. In an earlier announcement, Amazon had announced that it plans on shutting its online store in China. Months after the announcement, Amazon representative stated on Sunday that the start of the new […]

Computer and printer maker Hewlett Packard Enterprise Company (NYSE:HPE) reiterated its rejection of Xerox’s $33 billion takeover bid

Computer and printer maker Hewlett Packard Enterprise Company (NYSE:HPE) reiterated its rejection of Xerox’s $33 billion takeover bid

Computer and printer maker Hewlett Packard Enterprise Company (NYSE:HPE) reiterated its rejection of Xerox’s $33 billion takeover bid Computer and printer maker HP on Sunday reiterated its rejection of Xerox’s $33 billion takeover bid, saying the sum “significantly undervalues” the company. A tie-up would unite two firms with storied histories: Xerox was founded in 1906 […]

Dow Jones Industrial Average (.DJI) to tread cautiously on trade deal news

Dow Jones Industrial Average (.DJI) to tread cautiously on trade deal news

Dow Jones Industrial Average (.DJI) to tread cautiously on trade deal news Investors are set to react cautiously to any positive trade deal news this week, with a phase one US-China trade pact before the end of the year looking increasingly unlikely. Despite positive comments from both Beijing and Washington last week, ASX futures were […]

Asian markets rise on fresh optimism over the long-running China-US trade talks

Asian markets rise on fresh optimism over the long-running China-US trade talks

Asian markets rose Monday on fresh optimism over the long-running China-US trade talks after Beijing offered an olive branch on the key issue of intellectual property, while Donald Trump hailed progress on the agreement. Hong Kong stocks led the regional advance with pro-democracy parties on course for a landslide in local elections that could put […]

Ethereum: USD/ETH (ETH=) network congestion causing high transaction fees

Ethereum: USD/ETH (ETH=) network congestion causing high transaction fees

Ethereum: USD/ETH (ETH=) network congestion causing high transaction fees Ethereum Network congestion is observed on many days, and this can cause stratospherically high transaction charges. On some days, it can reach thirty dollars ($30). The reason behind such an exorbitant fees spike is the increased competition for the ETH blocks. When distinct anomalous blocks are […]

Alibaba Group Holding Limited (NYSE:BABA) lists impressive global shares at Hong Kong stock exchange

Alibaba Group Holding Limited (NYSE:BABA) lists impressive global shares at Hong Kong stock exchange

Alibaba Group Holding Limited (NYSE:BABA) lists impressive global shares at Hong Kong stock exchange Chinese e-commerce giant, Alibaba has listed 500,000,000 worldwide shares at the Hong Kong stock exchange. Tagged the biggest listing for 2019, reports have said the company could make up to HK$100 billion ($12.86 billion). The 500,000,000 ordinary shares Global Offering comprises […]

United States Oil (USO) rekindled optimism in global markets

United States Oil (USO) rekindled optimism in global markets

United States Oil (USO) rekindled optimism in global markets Oil prices began the week on a brighter note on Monday, posting early gains as positive noises from Washington over the weekend rekindled optimism in global markets that the United States and China could soon sign a deal to end their bitter trade war. U.S. national […]

Tesla, Inc. (NASDAQ:TSLA) new electric pickup truck has secured almost 150,000 orders

Tesla, Inc. (NASDAQ:TSLA) new electric pickup truck has secured almost 150,000 orders

Tesla, Inc. (NASDAQ:TSLA) new electric pickup truck has secured almost 150,000 orders Tesla’s new electric pickup truck has secured almost 150,000 orders, the company’s chief executive Elon Musk boasted on Twitter, just two days after its big reveal went embarrassingly wrong. The billionaire Tesla co-founder floundered on stage in California on Thursday when the vehicle’s […]

New Zealand Dollar: NZD/USD (NZD=X) Early Price Action Suggests Investor Indecision

New Zealand Dollar: NZD/USD (NZD=X) Early Price Action Suggests Investor Indecision

New Zealand Dollar: NZD/USD (NZD=X) Early Price Action Suggests Investor Indecision The Australian and New Zealand Dollars are trading higher on Friday, reversing yesterday’s weakness. The choppy price action this week reflects investor uncertainty over whether the United States and China will sign some sort of trade agreement in the coming weeks. During the week, […]

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news

Australia: S&P/ASX 200 (.AXJO) Investors are set to react cautiously to any positive trade deal news Investors are set to react cautiously to any positive trade deal news this week, with a phase one US-China trade pact before the end of the year looking increasingly unlikely. Despite positive comments from both Beijing and Washington last […]

Bitcoin: USD/BTC (BTC=X) Down Over 20%

Bitcoin: USD/BTC (BTC=X) Down Over 20%

Bitcoin: USD/BTC (BTC=X) Down Over 20% My own sense is that crypto currencies in general and bitcoin specifically are not safe havens. They have failed the purpose they were intended to fulfill in that they are not actively used as a means of exchange. Few retailers accept them, fewer consumers actively use them and transaction […]

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764

British Pound: USD/GBP (GBP=X) can still return to May 2019 high if it holds above 1.2764 The Pound-to-Dollar rate retains an upside bias on the charts and could still reclaim its May 2019 high in the weeks ahead, according to technical analysts at Commerzbank, although a narrowing Conservative Party lead in the opinion polls is […]

Hong Kong: HANG SENG INDEX (.HSI) Despite The Noise, Deal May Be Close

Hong Kong: HANG SENG INDEX (.HSI) Despite The Noise, Deal May Be Close

Hong Kong: HANG SENG INDEX (.HSI) Despite The Noise, Deal May Be Close The major Asia Pacific stock indexes finished mostly higher on Friday following days of two-sided trading tied to the ever-changing narrative over a U.S.-China trade deal. If you’re keeping score, the negative days were primarily driven by comments from “unnamed sources”, “people […]

UK FTSE 100 (.FTSE) Investors focus on Brexit

UK FTSE 100 (.FTSE) Investors focus on Brexit

UK FTSE 100 (.FTSE) Investors focus on Brexit While the Dow Jones and DAX 30 look to economic data, the UK equity index will likely keep its eye on the political landscape. With Boris Johnson enjoying a comfortable lead, it looks as though the Prime Minister will retain control after the December 12 general election. […]

DAX PERFORMANCE-INDEX (.GDAXI) New Trade War Target?

DAX PERFORMANCE-INDEX (.GDAXI) New Trade War Target?

DAX PERFORMANCE-INDEX (.GDAXI) New Trade War Target? Like the Dow Jones, the DAX 30 could have its hands full with trade war headlines. While the impact of US-China developments is far from negligible, it was recently announced the United States is looking to investigate the European Union under Section 301 – a statute that covers […]

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside

Gold 1 OZ (XAU=X) Late Break Through $1461.30 Could Trigger Acceleration to Downside Gold futures are trading slightly lower late in the session on Friday. Rising U.S. Treasury yields helped push up the U.S. Dollar, driving down demand for dollar-denominated gold. The catalyst behind the jump in yields was a pair of industry reports that […]

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower

Australian Dollar: USD/AUD (AUD=X) Trade Flat to Lower The Reserve Bank of Australia (RBA) minutes from its monetary policy meeting on November 5, revealed the Board was mindful that rates were already low and that each further cut brings closer the point at which other policy options come into play. Traders read the summary to […]

Euro: USD/EUR (EUR=X) price consolidation

Euro: USD/EUR (EUR=X) price consolidation

Euro: USD/EUR (EUR=X) price consolidation The Euro has been somewhat lackluster during the trading session on Friday, going back and forth in very undecided mannerisms. With this, it looks as if we are simply killing time trying to figure out where to go next. I believe that the 1.11 level is going to continue to […]

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support

Japanese Yen: USD/JPY (JPY=X) Pair Looks As If It Is Building Support The US dollar has pulled back slightly against the Japanese yen to kick off the trading session on Friday, and at this point it looks as if we are essentially stuck between the 50 day EMA underneath and the 200 day EMA above. […]

Silver 1 OZ 999 NY (XAG=X) Investors Await U.S. Manufacturing PMI

Silver 1 OZ 999 NY (XAG=X) Investors Await U.S. Manufacturing PMI

Silver 1 OZ 999 NY (XAG=X) Investors Await U.S. Manufacturing PMI The key event on Friday is the ISM Manufacturing PMI, which should be treated as a market-mover. The index has been hovering close to the 50-level, which separates contraction from expansion. In September, the index rose to 51.5 pts, marking a 6-month high. Still, this […]

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle

British Pound: USD/GBP (GBP=X) Left Flat as Fed Pauses Easing Cycle The Pound Sterling US Dollar (GBP/USD) exchange rate was left muted, with the pairing currently trading at an inter-bank rate of $1.2947. The US Federal Reserve’s meeting minutes revealed that policymakers decided to pause its easing cycle following an October rate cut, and it […]

United States Oil (USO) prices extend losses on supply, trade war fears

United States Oil (USO) prices extend losses on supply, trade war fears

United States Oil (USO) prices extend losses on supply, trade war fears Oil prices slipped for a third day on Wednesday as a surge in US stocks reinforced concerns about lacklustre global economic growth, while hopes ebbed for any movement on the US-China trade war. West Texas Intermediate crude futures erased early gains to trade […]

Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence

Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence

Canadian Dollar: USD/CAD (CAD=X) Slumps As BOC Governor Signals Confidence Positive Signal from BOC Governor Drives US Dollar Canadian Dollar (USD/CAD) Exchange Rate Lower Comments from Bank of Canada (BOC) Governor Stephen Poloz prompted a sharp decline for the US Dollar to Canadian Dollar (USD/CAD) exchange rate on Thursday. As Poloz indicated that he sees […]

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results

Euro: USD/EUR (EUR=X) Firming Ahead of Major PMI Results Despite the Federal Reserve continuing to indicate that it will keep US monetary policy paused for the time being, the Euro to US Dollar (EUR/USD) exchange rate is still steadily climbing today. The Euro (EUR) is benefitting from US Dollar (USD) weakness. Since opening this week […]

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade

Japanese Yen: USD/JPY (JPY=X) continue to expect volatility and the possibility of a two-sided trade The Dollar/Yen is trading slightly lower on Thursday after clawing back most of its earlier losses. The early volatility is being fueled by headlines over U.S.-China trade relations. The negative headlines driving the Forex pair lower are saying a potential […]

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim

More losses for Australia: S&P/ASX 200 (.AXJO) as trade hopes dim The Australian share market slumped for a second day, with losses across the board as passage of a US-China trade deal appears less and less likely anytime soon. The benchmark S&P-ASX 200 index on Thursday closed down 49.5 points to 6672.9, while the broader […]

Bitcoin: USD/BTC (BTC=X) potentially facing massive crash

Bitcoin: USD/BTC (BTC=X) potentially facing massive crash

Bitcoin: USD/BTC (BTC=X) potentially facing massive crash Bitcoin’s slow descent over the last month took a dramatic turn today as the cryptocurrency suddenly nosedived. Already reeling from a series of downturns during the last four weeks, BTC had been languishing above $8,100 after falling from $8,800 this time last week. Its ability to cling on […]

Silver 1 OZ 999 NY (XAG=X) Shrugs After Fed Minutes

Silver 1 OZ 999 NY (XAG=X) Shrugs After Fed Minutes

Silver 1 OZ 999 NY (XAG=X) Shrugs After Fed Minutes Silver prices are showing little movement on Thursday. In the European session, the metal is trading at $17.05, down $0.08 or 0.49% on the day. Silver Shrugs After Fed Minutes The Federal Reserve minutes of the October meeting failed to garner much of a reaction from […]

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift

Australian Dollar: USD/AUD (AUD=X) eyes chart resistance amid U.S.-China comments, FOMC lift The Australian Dollar was on the front foot against its major rivals as currency markets reacted to words of optimism from China on ongoing trade talks with the U.S., while investor sentiment was further boosted by minutes from the latest Federal Reserve (Fed) […]

Hong Kong: HANG SENG INDEX (.HSI) stocks end lower for second day on Sino-US trade deal concerns

Hong Kong: HANG SENG INDEX (.HSI) stocks end lower for second day on Sino-US trade deal concerns

Hong Kong: HANG SENG INDEX (.HSI) stocks end lower for second day on Sino-US trade deal concerns Hong Kong stocks closed lower for a second day on Thursday, as a fresh row between Washington and Beijing over a US bill backing protesters stoked concerns that trade talks could hit a snag and delay the “phase […]

UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh

UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh

UK FTSE 100 (.FTSE) trade worries and global uncertainty continued to weigh FTSE 100 index closed in the red on Thursday as Wall Street stocks also tumbled as trade worries and global uncertainty continued to weigh. The UK’s index of leading shares closed down around 31 points at 7,231 with defensive stocks making up the […]