Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions

Australia: S&P/ASX 200 (.AXJO) greater degree of sensitivity to trade tensions The Australian sharemarket surrendered most of the low-volume gains made late last week after US stocks fell on Friday and tumbling commodity prices saw heavy selling of resource stocks. Major-bank bargain hunting halved early losses on the S&P-ASX 200 index to 0.4 per cent […]

Japanese Yen: USD/JPY (JPY=X) inflation indicators next

Japanese Yen: USD/JPY (JPY=X) inflation indicators next

Japanese Yen: USD/JPY (JPY=X) inflation indicators next The Japanese yen has ticked higher in the Monday session. In North American trade, USD/JPY is trading at 113.46, up 0.45% on the day. On the release front, Japanese Flash Manufacturing PMI dipped to 51.8, shy of the estimate of 53.0. This marked a 4-month low. Later in […]

British Pound: USD/GBP (GBP=X) turning higher after recent decline

British Pound: USD/GBP (GBP=X) turning higher after recent decline

British Pound: USD/GBP (GBP=X) turning higher after recent decline GBP/USD sold off sharply on Friday, as the pair continues to exhibit strong retracements within its recent recovery. There are still questions over whether we are currently seeing a retracement of the $1.3072-$1.2724 sell-off. However, for now it looks likely we will overcome the $1.2927 peak from […]

Shanghai: SSE Composite Index (.SSEC) economic weaknesses dampen investor appetite

Shanghai: SSE Composite Index (.SSEC) economic weaknesses dampen investor appetite

Shanghai: SSE Composite Index (.SSEC) economic weaknesses dampen investor appetite China stocks shed early gains to end lower on Monday as investors weighed the confluence of risks in the upcoming U.S.-China trade talks, Chinese economy and global oil prices. Financials were the outliers, anchoring the market and steadying the major indices. At close, the Shanghai […]

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level

Australian Dollar: USD/AUD (AUD=X) struggled to stay above the 0.7250 level The Australian dollar kicked off the week very positively, breaking towards the 0.73 level. However, by the time the Americans came on board it was already rolling over and showing signs of exhaustion above the 0.7250 level. Because of this, I think it’s only […]

Dow Jones Industrial Average (.DJI) biggest loss for a Thanksgiving week since 2011

Dow Jones Industrial Average (.DJI) biggest loss for a Thanksgiving week since 2011

Dow Jones Industrial Average (.DJI) biggest loss for a Thanksgiving week since 2011 Stocks fell on Friday as some of the most popular technology shares were under pressure once again, while a steep drop in oil prices also weighed on equities. The Dow Jones Industrial Average dropped 178.74 points to 24,285.95 while the S&P 500 […]

Alibaba Group Holding Limited (NYSE:BABA) G20 Summit may ease trade tensions between the US and China

Alibaba Group Holding Limited (NYSE:BABA) G20 Summit may ease trade tensions between the US and China

Alibaba Group Holding Limited (NYSE:BABA) G20 Summit may ease trade tensions between the US and China Alibaba Group Holding Ltd.’s (BABA) stock has fallen nearly 30% from its June highs. The shares of the China-based e-commerce giant have been weighed down by rising trade war tensions between the U.S. and China. Now with the G20 […]

Facebook, Inc. (NASDAQ:FB) Stock Price still Falling?

Facebook, Inc. (NASDAQ:FB) Stock Price still Falling?

Facebook, Inc. (NASDAQ:FB) Stock Price still Falling? Damaging revelations about how Facebook’s leaders mishandled Russian efforts to disrupt the 2016 American election are beginning to take a measurable toll, with the company’s stock plunging to a yearly low. The entire tech sector has been battered, with members of the FAANG group — Facebook, Apple, Amazon, […]

Apple Inc. (NASDAQ:AAPL) estimates remain at the lower end of Apple’s guidance range

Apple Inc. (NASDAQ:AAPL) estimates remain at the lower end of Apple’s guidance range

Apple Inc. (NASDAQ:AAPL) estimates remain at the lower end of Apple’s guidance range Weaker demand for Apple products as well as a lackluster reception for the iPhone XR outside the United States will prevent shares from advancing over the next year, according to Goldman Sachs. “In addition to weakness in demand for Apple’s products in […]

Alphabet Inc. (NASDAQ:GOOG) Parent Company closing in on first bear market in 7 years

Alphabet Inc. (NASDAQ:GOOG) Parent Company closing in on first bear market in 7 years

Alphabet Inc. (NASDAQ:GOOG) Parent Company closing in on first bear market in 7 years Share of Google parent Alphabet Inc. GOOGL, -1.28% has dropped into bear market territory for the first time in seven years in afternoon trade Monday, amid a broad and sharp selloff in the technology sector. The stock was down 3.6%, on […]

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling This year hasn’t been especially fun for Twitter (NYSE:TWTR) shareholders. Twitter stock started 2018 with a bang, jumping from 2017’s closing price of $24 to June’s high around $47. Since then, however, TWTR stock has dropped as low as $26.19 and has risen only to the $32 range. […]

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000

Bitcoin: USD/BTC (BTC=X) fell significantly and traded below $4,000 This past week, there was a tiny upside correction above the $4,300 level in bitcoin price against the US Dollar. However, the BTC/USD pair failed to gain traction above the $4,400 and $4,500 resistances. As a result, there was a sharp downside move and the price […]

Shanghai: SSE Composite Index (.SSEC) crucial week in the future of the trade war between Beijing and Washington

Shanghai: SSE Composite Index (.SSEC) crucial week in the future of the trade war between Beijing and Washington

Shanghai: SSE Composite Index (.SSEC) crucial week in the future of the trade war between Beijing and Washington Chinese stocks slumped into the weekend Friday, ahead of a crucial week in the future of the trade war between Beijing and Washington. The Shanghai Composite, China’s benchmark share index, dropped just shy of 2.5% of its […]

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good

GOLD 1 OZ (XAU=X) bearish U.S. economic data will be good Gold futures finished nearly flat last week as investors renewed their struggle with the U.S. Dollar. The week started out promising for gold bulls as investors reacted to a weaker dollar. The greenback was driven lower by speculators betting on dampening inflation concerns and […]

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot

Australia: USD/AUD (AUD=X) retreated from the highs as global stock markets were on the back foot The Australian dollar retreated from the highs as global stock markets were on the back foot once again. Capital expenditure, Chinese PMI’s, and the G-20 meetings stand out. Here are the highlights of the week and an updated technical […]

Singapore: STI Index (.STI) Set to Slide at Open

Singapore: STI Index (.STI) Set to Slide at Open

Singapore: STI Index (.STI) Set to Slide at Open Overall, the bias in prices is: Downwards. The projected upper bound is: 3,134.76. The projected lower bound is: 2,967.05. The projected closing price is: 3,050.90. Candlesticks A white body occurred (because prices closed higher than they opened). During the past 10 bars, there have been 6 […]

SILVER 1 OZ 999 NY (XAG=X) Setting up for a nice rally

SILVER 1 OZ 999 NY (XAG=X) Setting up for a nice rally

SILVER 1 OZ 999 NY (XAG=X) Setting up for a nice rally This week precious metals traders will be focusing their attention on Thursday’s minutes of the Federal Reserve’s latest meeting, the dollars response to the Fed policy outlook and Friday’s looming U.S.-China trade talks. U.S. President Donald Trump is due to hold talks with […]

Japanese Yen: USD/JPY (JPY=X) mixed performance expected

Japanese Yen: USD/JPY (JPY=X) mixed performance expected

Japanese Yen: USD/JPY (JPY=X) mixed performance expected The Dollar/Yen put in a mixed performance last week before closing higher. The price action was a little skewed last week due to thin trading conditions because of bank holidays in the United States and Japan. The Forex pair started the week under pressure as investors continued to […]

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy

Euro: USD/EUR (EUR=X) PMIs Point to Slowing Eurozone Economy The Euro avoided major losses against the US Dollar for most of the week, as investors sold the US Dollar from its highs amid profit-taking and speculation of a more dovish Federal Reserve. Multiple comments from Federal Reserve officials predicting that global growth would slow in […]

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead

GOLD 1 OZ (XAU=X) could make significant gains in the months ahead Spot gold has stood strong against a weaker dollar, with the precious metal’s spot price hovering at around $1228 – one of the highest levels it has seen since 11 November where it hit $1230 per ounce. The price of gold is tracking […]

Euro: USD/EUR (EUR=X) uptrend intact for now

Euro: USD/EUR (EUR=X) uptrend intact for now

Euro: USD/EUR (EUR=X) uptrend intact for now The price for EUR/USD has recovered from the steep losses seen on Tuesday, leaving the uptrend from the November lows intact. Further gains above $1.1420 would target $1.1460, and then on to $1.1554. A move back below $1.1360 would invalidate the bullish view and give the sellers the upper hand. […]

Australia: S&P/ASX 200 (.AXJO) Opening Lower

Australia: S&P/ASX 200 (.AXJO) Opening Lower

Australia: S&P/ASX 200 (.AXJO) Opening Lower Australian shares rebounded from a 21-month low and ended a four-day losing streak on Thursday, as lithium miners and major banks led the market higher. The S&P/ASX 200 Index rose 48.5 points, or 0.9 per cent, to 5691.3 while the broader All Ordinaries advanced 48.2 points, or 0.8 per […]

Singapore: STI Index (.STI) Slightly Higher

Singapore: STI Index (.STI) Slightly Higher

Singapore: STI Index (.STI) Slightly Higher Singapore stocks closed the session slightly higher on Thursday, with the Straits Times Index rising 2.73 points, or 0.1 per cent to 3,041.38. Losers outnumbered gainers 193 to 170, after about 1.22 billion shares worth S$669.8 million changed hands. The most actively traded counter was Rich Capital, which fell 12.5 per […]

British Pound: USD/GBP (GBP=X) hovers above support

British Pound: USD/GBP (GBP=X) hovers above support

British Pound: USD/GBP (GBP=X) hovers above support The price of GBP/USD has been pushed back to support at $1.2773 but is holding for now. Further declines would target $1.2720, the low from last Thursday, while a bounce would have to clear $1.2870 and then break trendline resistance from the November high at $1.3160 to suggest the buyers […]

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected

Australian Dollar: USD/AUD (AUD=X) quiet day expected The Australian dollar rebounded on Wednesday after a shellacking a session earlier, helped by an improvement in investor risk appetite. Light volumes and position squaring ahead of Thanksgiving in the States largely explain the move given an absence of major news during the session. After beginning trade at […]

Bitcoin: USD/BTC (BTC=X) bear trend resumes

Bitcoin: USD/BTC (BTC=X) bear trend resumes

Bitcoin: USD/BTC (BTC=X) bear trend resumes Though there was a bit of stability yesterday, the decline would continue. First we expect BTC/USD to pull back ideally towards the $5,000–$5,500 before bear trend resumes. As we have seen, price drops are affecting chip-set manufacturers, investors and crypto payment processors as enthusiast refrain from spending BTC. That […]

Australia: S&P/ASX 200 (.AXJO) global stock sell-off

Australia: S&P/ASX 200 (.AXJO) global stock sell-off

Australia: S&P/ASX 200 (.AXJO) global stock sell-off The Australian share market has dived to near two-year lows amid a global stock sell-off, with energy and mining stocks bleeding red and the banks also suffering in early trade. The benchmark S&P/ASX200 index was down 63.5 points, or 1.12 per cent, to 5,608.3 at 1030 AEDT on […]

Shanghai: SSE Composite Index (.SSEC) howing signs of decoupling from US counterparts

Shanghai: SSE Composite Index (.SSEC) howing signs of decoupling from US counterparts

Shanghai: SSE Composite Index (.SSEC) howing signs of decoupling from US counterparts Stock markets in mainland China and Hong Kong reversed earlier losses to close higher on Wednesday, shrugging off an overnight rout in US shares. They bucked declines elsewhere in Asia that took their cues from a sell-off in the US, as traders re-assessed […]

GOLD 1 OZ (XAU=X) Support at $1,184.30

GOLD 1 OZ (XAU=X) Support at $1,184.30

GOLD 1 OZ (XAU=X) Support at $1,184.30 Technically, gold bears have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the November high of $1,239.30. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support at the September […]

Singapore: STI Index (.STI) trading sets stage for negative start

Singapore: STI Index (.STI) trading sets stage for negative start

Singapore: STI Index (.STI) trading sets stage for negative start A steep fall in US stocks for the second straight day on renewed global growth concerns does not bode well for domestic stocks, which stare at a gap-down opening on Wednesday. The only silver lining is the 6 per cent plunge in crude prices overnight, […]

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout

Australian Dollar: USD/AUD (AUD=X) retraces into Fibonacci support after recent breakout AUD/USD is turning higher from the 76.4% retracement, following a recent breakout through $0.7315 resistance. That break negates the wider bearish outlook, pointing towards a potential period of upside. With that in mind, the respect of the 76.4% retracement level at $0.7205 points towards a […]

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower

British Pound: USD/GBP (GBP=X) drop could point towards the next leg lower GBP/USD fell below the $1.2794 support level yesterday, raising the chances of further downside for the pair. The recent rebound always looked like a retracement, yet the size of that rebound is always going to be difficult to anticipate. However, with the failure […]

Hong Kong: HANG SENG INDEX (.HSI) showing signs of decoupling from US counterparts

Hong Kong: HANG SENG INDEX (.HSI) showing signs of decoupling from US counterparts

Hong Kong: HANG SENG INDEX (.HSI) showing signs of decoupling from US counterparts Stock markets in mainland China and Hong Kong reversed earlier losses to close higher on Wednesday, shrugging off an overnight rout in US shares. They bucked declines elsewhere in Asia that took their cues from a sell-off in the US, as traders […]

Euro: USD/EUR (EUR=X) turns lower from trendline resistance

Euro: USD/EUR (EUR=X) turns lower from trendline resistance

Euro: USD/EUR (EUR=X) turns lower from trendline resistance EUR/USD has been selling off from trendline resistance this week, with a particularly deep rally coming close to the bullish breakout threshold of $1.15. However, for now we are caught between two trendlines, with the price rallying back towards the resistance once more. A break through $1.15 would […]

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling

Twitter, Inc. (NYSE:TWTR) Can’t Break the Ceiling The underlying reasons for the doubts about Twitter stock aren’t tough to figure out. TWTR’s rival, Facebook (NASDAQ:FB), noted in July that its sales growth would be slowing going forward, and the social networking giant’s third-quarter results showed that its warning was accurate. Meanwhile, newcomer Snap (NYSE:SNAP) — […]

Alibaba Group Holding Limited (NYSE:BABA) results should boost long-term prospects

Alibaba Group Holding Limited (NYSE:BABA) results should boost long-term prospects

Alibaba Group Holding Limited (NYSE:BABA) results should boost long-term prospects  Despite the obvious specter of a full-blown trade war, Alibaba (NYSE:BABA) shareholders have a big reason to smile. Just a little over a week ago, the company launched its annual Singles Day, an unofficial shopping holiday in China. On paper, the results should boost long-term prospects for […]

Tesla, Inc. (NASDAQ:TSLA) partnering with Mercedes isn’t as a crazy as it seems

Tesla, Inc. (NASDAQ:TSLA) partnering with Mercedes isn’t as a crazy as it seems

Tesla, Inc. (NASDAQ:TSLA) partnering with Mercedes isn’t as a crazy as it seems There’s been a low-key buzz — a hum if you will — around Mercedes-Benz and Tesla potentially partnering in the future. Of course, whether a partnership will ever unfold remains a big question mark. And if one does come to light, the […]

Alphabet Inc. (NASDAQ:GOOG) posting losses year to date as tech stock continue their slide

Alphabet Inc. (NASDAQ:GOOG) posting losses year to date as tech stock continue their slide

Alphabet Inc. (NASDAQ:GOOG) posting losses year to date as tech stock continue their slide Facebook and Google parent company Alphabet stocks are now down for the year. While Facebook turned negative a few months ago, Alphabet became the second major tech company to go negative. Tech stocks overall were hit hard Tuesday as the Nasdaq […]

Facebook, Inc. (NASDAQ:FB) Having Faith in the Stock

Facebook, Inc. (NASDAQ:FB) Having Faith in the Stock

Facebook, Inc. (NASDAQ:FB) Having Faith in the Stock Tech stocks are taking a beating, all of them. The heavy-hitters, as represented by the FAANG acronym (Facebook, Amazon, Apple, Netflix, Google), have fallen dramatically. Of the lot, Facebook stocks have been hit the hardest. This morning, the price hit a new low of $126.85, which is […]

Dow Jones Industrial Average (.DJI) worries about an economic slowdown

Dow Jones Industrial Average (.DJI) worries about an economic slowdown

Dow Jones Industrial Average (.DJI) worries about an economic slowdown The Dow Jones Industrial Average and S&P 500 fell sharply on Tuesday and turned negative for the year as a decline in Target shares pressured retailers, while some of the most popular tech shares dropped again. The 30-stock Dow dropped 551.80 points to 24,465.64 and […]

Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280

Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280

Bitcoin: USD/BTC (BTC=X) New Yearly Low at $4,280 Over the past 24 hours, the price of Bitcoin fell from $4,900 to $4,280, by more than 12.5 percent amidst an unforeseen short-term price drop. On November 19, a cryptocurrency trader and analyst known as The Crypto Dog stated that $4,800, despite being down from 6,300, is not a […]

United States Oil (USO) ongoing concerns about a potential glut in global supplies

United States Oil (USO) ongoing concerns about a potential glut in global supplies

United States Oil (USO) ongoing concerns about a potential glut in global supplies U.S. oil futures dropped Tuesday, with ongoing concerns about a potential glut in global supplies pushing prices to their lowest finish since October of last year. Sharp declines in U.S. benchmark stock indexes contributed to expectations of a weaker economy and a […]

SILVER 1 OZ 999 NY (XAG=X) Quieter Trading Expected

SILVER 1 OZ 999 NY (XAG=X) Quieter Trading Expected

SILVER 1 OZ 999 NY (XAG=X) Quieter Trading Expected Gold and silver prices are modestly up in early U.S. trading Tuesday, supported by some mild safe-haven demand as the U.S. stock indexes have seen heavy selling pressure so far this week. December gold futures were last up $3.60 an ounce at $1,228.90. December Comex silver […]

Euro: USD/EUR (EUR=X) pushes higher for now

Euro: USD/EUR (EUR=X) pushes higher for now

Euro: USD/EUR (EUR=X) pushes higher for now EUR/USD has continued to climb, breaking through trendline resistance and targeting the $1.15 level, the high from early November. From here $1.1554 and then $1.162 come into play. The steep rally over the past few days could begin to moderate, but dips to $1.138 could find buyers. Overall, the […]

Shanghai: SSE Composite Index (.SSEC) Investors are cautious ahead of Trump-Xi meet

Shanghai: SSE Composite Index (.SSEC) Investors are cautious ahead of Trump-Xi meet

Shanghai: SSE Composite Index (.SSEC) Investors are cautious ahead of Trump-Xi meet Chinese stocks were the world’s worst performers Tuesday, falling the most this month, and Hong Kong’s November rebound came unstuck. The CSI 300 Index slid 2.3 percent, with technology shares leading declines after another sell-off in the U.S. That also dragged on Hong […]

Australia: S&P/ASX 200 (.AXJO) pointing notably lower

Australia: S&P/ASX 200 (.AXJO) pointing notably lower

Australia: S&P/ASX 200 (.AXJO) pointing notably lower ASX futures pointing notably lower. According to the latest SPI futures, the ASX 200 is expected to open the day down by a sizeable 1.1% or 63 points on Wednesday. This follows another disappointing night of trade on Wall Street which late in the session sees the Dow […]

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy

Australian Dollar: USD/AUD (AUD=X) concerns over the economy The Australian Dollar retreated from three-month highs Tuesday after a sell-off in international stocks that sent a frosty wind through currency markets. Stock markets in the U.S. and Asia slumped late in the Monday session after the National Association of Home Builders (NAHB) Housing Market index posted […]

Japanese Yen: USD/JPY (JPY=X) bears take charge

Japanese Yen: USD/JPY (JPY=X) bears take charge

Japanese Yen: USD/JPY (JPY=X) bears take charge USD/JPY has continued to decline, and a small rally towards ¥112.60 has been met with fresh selling. Unless the price recovers the ¥113.40 level, then any rally looks to be a selling opportunity. The next levels to watch on the downside include ¥111.82 and then ¥111.38. Overall, the bias […]

Singapore: STI Index (.STI) Set to Open Lower

Singapore: STI Index (.STI) Set to Open Lower

Singapore: STI Index (.STI) Set to Open Lower Singapore shares opened lower on Tuesday morning (Nov 20), with the Straits Times Index down 32.99 points, or 1.08 per cent, to 3,032.08, after Wall Street stocks sank on Monday. At 9.04am, losers outnumbered gainers by 97 to 24, with about 39.2 million shares worth $71.7 million […]

GOLD 1 OZ (XAU=X) Prices Firmer Amid Weak U.S. Stock Market

GOLD 1 OZ (XAU=X) Prices Firmer Amid Weak U.S. Stock Market

GOLD 1 OZ (XAU=X) Prices Firmer Amid Weak U.S. Stock Market Gold bears have the overall near-term technical advantage. Bulls’ next upside price objective is to produce a close in December futures above solid resistance at the November high of $1,239.30. Bears’ next near-term downside price breakout objective is pushing prices below solid technical support […]

Hong Kong: HANG SENG INDEX (.HSI) uncertainty continues to swirl around the dispute

Hong Kong: HANG SENG INDEX (.HSI) uncertainty continues to swirl around the dispute Chinese stocks were the world’s worst performers Tuesday, falling the most this month, and Hong Kong’s November rebound came unstuck. The CSI 300 Index slid 2.3 percent, with technology shares leading declines after another sell-off in the U.S. That also dragged on […]

Alphabet Inc. (NASDAQ:GOOG) closed in bear market territory for the first time since 2011

Alphabet Inc. (NASDAQ:GOOG) closed in bear market territory for the first time since 2011

Alphabet Inc. (NASDAQ:GOOG) closed in bear market territory for the first time since 2011 Alphabet (GOOGL) just closed in bear market territory for the first time since 2011. The company, which owns Google, ended Monday down more than 20% off its all-time high in July. It wasn’t the only tech company that plunged. All of […]

Apple Inc. (NASDAQ:AAPL) sluggish demand for higher-end smartphones

Apple Inc. (NASDAQ:AAPL) sluggish demand for higher-end smartphones

Apple Inc. (NASDAQ:AAPL) sluggish demand for higher-end smartphones Stocks fell sharply Monday, dragged down by reports of trouble at Apple and Facebook. The Dow closed down 396 points and the Nasdaq tumbled 3%. Alphabet was also down 4%. It is now down 20% from its peak in July, placing it in bear market territory. Early […]

Alibaba Group Holding Limited (NYSE:BABA) macro headwinds are causing a lot of uncertainty

Alibaba Group Holding Limited (NYSE:BABA) macro headwinds are causing a lot of uncertainty

Alibaba Group Holding Limited (NYSE:BABA) macro headwinds are causing a lot of uncertainty Alibaba (BABA) has had a challenging 2018. So what? Astonishingly, Alibaba has strong positive tailwinds to its overall business model and Alibaba is still growing faster than nearly all its competitors. Yet, even without pricing in much in the way for growth, […]

United States Oil (USO) prices should be much lower based on supply

United States Oil (USO) prices should be much lower based on supply

United States Oil (USO) prices should be much lower based on supply Oil prices dropped again after the fifth-week loss. The price of West Texas Intermediate (WTI) for December delivery and Brent crude for January delivery lost 6.2 per cent and 4.9 per cent, respectively, during the week ending November 16. In the previous week […]

Twitter, Inc. (NYSE:TWTR) fundamentals support the bull thesis below $30

Twitter, Inc. (NYSE:TWTR) fundamentals support the bull thesis below $30

Twitter, Inc. (NYSE:TWTR) fundamentals support the bull thesis below $30 Shares of digital advertising company Twitter (NYSE:TWTR) have been on a roller coaster ride over the past several years. First, Twitter stock started off Wall Street life with a big IPO that didn’t quite deliver on supercharged expectations. Then, things took a turn for the […]

Tesla, Inc. (NASDAQ:TSLA) Breaks Out Above Buy Point

Tesla, Inc. (NASDAQ:TSLA) Breaks Out Above Buy Point

Tesla, Inc. (NASDAQ:TSLA) Breaks Out Above Buy Point The tech-heavy Nasdaq composite continued to show significant weakness in the stock market today. The Nasdaq declined more than 2.5% midday Monday. With the stock market’s uptrend under pressure, investors should be cautious about which stocks to buy as they break out past potential buy points. Tesla […]

Facebook, Inc. (NASDAQ:FB) remains in hot water over recent scandals

Facebook, Inc. (NASDAQ:FB) remains in hot water over recent scandals

Facebook, Inc. (NASDAQ:FB) remains in hot water over recent scandals Shares of Facebook, Inc. (NASDAQ:FB) were sliding today on a continuing string of bad press and amid a broader sell-off in the Nasdaq, which lost 3% on the day. Facebook closed today’s session down 5.7%, touching a 52-week-low. So what Concern about Facebook’s role in […]

Dow Jones Industrial Average (.DJI) shares of technology and internet-related companies dragging the market lower

Dow Jones Industrial Average (.DJI) shares of technology and internet-related companies dragging the market lower

Dow Jones Industrial Average (.DJI) shares of technology and internet-related companies dragging the market lower Stocks retreated sharply lower Monday, with shares of technology and internet-related companies dragging the market lower. The main equity benchmarks saw losses accelerate in morning trade after a report showed home-builders’ confidence plummeted in November. U.S. financial markets will be […]

NASDAQ Composite (.IXIC) Expected to produce a ‘death cross’

NASDAQ Composite (.IXIC) Expected to produce a ‘death cross’

NASDAQ Composite (.IXIC) Expected to produce a ‘death cross’ Netflix Inc. stock has fallen far enough and long enough to produce its first “death cross” pattern in nearly three years, and become the third member of the former FAANG technology darlings to suffer that bearish technical fate. A death cross refers to when a price […]

Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines

Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines

Bitcoin: USD/BTC (BTC=X) remains at a risk of more declines After a major drop towards the $5,550 level, bitcoin price started consolidating losses against the US Dollar. BTC/USD corrected a few points above the $5,650 level, but it failed to gain bullish momentum. An initial resistance is the 23.6% Fib retracement level of the last […]

Euro: USD/EUR (EUR=X) rallies into deep retracement level

Euro: USD/EUR (EUR=X) rallies into deep retracement level

Euro: USD/EUR (EUR=X) rallies into deep retracement level EUR/USD has been regaining ground, with the pair moving into the crucial 76.4% retracement at $1.1433. There is a high likeliness that we are seeing a retracement in play here, with a break above $1.15 required to negate the premise that this a short-term pullback before we see […]

Hong Kong: HANG SENG INDEX (.HSI) global uncertainties on trade and Brexit

Hong Kong: HANG SENG INDEX (.HSI) global uncertainties on trade and Brexit

Hong Kong: HANG SENG INDEX (.HSI) global uncertainties on trade and Brexit Stocks in Asia were mostly higher on Monday as ongoing tensions between the United States and China continued to weigh on investor sentiment. Chinese mainland markets traded higher: The Shanghai composite gained 0.91 percent to close at around 2,703.51 while the Shenzhen composite […]

SILVER 1 OZ 999 NY (XAG=X) solid support at $13.50

SILVER 1 OZ 999 NY (XAG=X) solid support at $13.50

SILVER 1 OZ 999 NY (XAG=X) solid support at $13.50 The silver bears have the solid overall near-term technical advantage. Silver bulls’ next upside price breakout objective is closing December futures prices above solid technical resistance at the October high of $14.95 an ounce. The next downside price breakout objective for the bears is closing […]

Singapore: STI Index (.STI) Donald Trump sparked hopes that a trade dispute with China could be resolved

Singapore: STI Index (.STI) Donald Trump sparked hopes that a trade dispute with China could be resolved

Singapore: STI Index (.STI) Donald Trump sparked hopes that a trade dispute with China could be resolved The Straits Times Index (STI) ended 29.07 or 0.95% higher at 3,083.60. The top active stocks were DBS, which advanced 0.17%, Singtel, which grew 0.03%, UOB, which climbed 0.19%, OCBC, which rose 0.10%, and ComfortDelGro, with a 0.02% […]

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level

Australian Dollar: USD/AUD (AUD=X) breaks through key resistance level AUD/USD has managed to break through a crucial area of resistance, with the rally above $0.7315 pointing towards an end to the downtrend in play throughout 2018 so far. With that in mind, further upside looks likely, with a bullish short-term outlook in play unless we see […]

Shanghai: SSE Composite Index (.SSEC) Property developers and financial firms lift China shares

Shanghai: SSE Composite Index (.SSEC) Property developers and financial firms lift China shares

Shanghai: SSE Composite Index (.SSEC) Property developers and financial firms lift China shares Property developers and financial firms lifted China’s main stock indexes on Monday as the government continues to roll out policy measures to support markets, and amid growing expectations of more loose policy to come. At the close of trade, the Shanghai Composite […]

Australia: S&P/ASX 200 (.AXJO) banking royal commission weighed the finance sector

Australia: S&P/ASX 200 (.AXJO) banking royal commission weighed the finance sector

Australia: S&P/ASX 200 (.AXJO) banking royal commission weighed the finance sector Australian shares opened the week lower on Monday as the latest round of the banking royal commission weighed the finance sector. The S&P/ASX 200 Index fell 36.9 points, or 0.6 per cent, to 5693.7 while the broader All Ordinaries Index closed 36.4 points, or 0.6 per cent, […]

Japanese Yen: USD/JPY (JPY=X) resistance at 113.10

Japanese Yen: USD/JPY (JPY=X) resistance at 113.10

Japanese Yen: USD/JPY (JPY=X) resistance at 113.10 The Japanese yen has posted slight losses in the Monday session. In North American trade, USD/JPY is trading at 112.48, down 0.32% on the day. On the release front, Japan’s trade surplus rose to JPY 0.30 trillion, lower than the estimate of JPY 0.48 trillion. There are no […]

GOLD 1 OZ (XAU=X) support at $1,218.50

GOLD 1 OZ (XAU=X) support at $1,218.50

GOLD 1 OZ (XAU=X) support at $1,218.50 Technically, the gold bears have the overall near-term technical advantage. Gold bulls’ next upside near-term price breakout objective is to produce a close in December futures above solid technical resistance at the October high of $1,246.00. Bears’ next near-term downside price breakout objective is pushing prices below solid […]

British Pound: USD/GBP (GBP=X) continues to climb after recent sell-off

British Pound: USD/GBP (GBP=X) continues to climb after recent sell-off

British Pound: USD/GBP (GBP=X) continues to climb after recent sell-off GBP/USD is continuing its ascent following the sharp deterioration through last week. This looks likely to be a retracement, yet given the size of the initial downturn, it is likely that we will see further upside in the near term as the pair forms a deeper […]

Tesla, Inc. (NASDAQ:TSLA) expect profit and positive free cash flow

Tesla, Inc. (NASDAQ:TSLA) expect profit and positive free cash flow

Tesla, Inc. (NASDAQ:TSLA) expect profit and positive free cash flow A big pile of debt comes due at Tesla March 1 – $920 million worth. But starting in two weeks, the company has a chance to make it disappear. The debt is in the form of convertible bonds, a special kind of instrument that can […]

Apple Inc. (NASDAQ:AAPL) Target $253.00

Apple Inc. (NASDAQ:AAPL) Target $253.00

Apple Inc. (NASDAQ:AAPL) Target $253.00 Apple (NASDAQ:AAPL) had its price objective lifted by Morgan Stanley from $226.00 to $253.00 in a research note released on Thursday, November 8th, Marketbeat reports. The firm currently has an overweight rating on the iPhone maker’s stock. A number of other research analysts also recently issued reports on the stock. BTIG Research upgraded […]

Dow Jones Industrial Average (.DJI) higher after Trump said China seemed willing to make a deal on trade

Dow Jones Industrial Average (.DJI) higher after Trump said China seemed willing to make a deal on trade

Dow Jones Industrial Average (.DJI) higher after Trump said China seemed willing to make a deal on trade The S&P 500 and Dow Industrials rose on Friday after President Donald Trump said the United States may not have to impose further tariffs on Chinese goods, but falling shares of Nvidia Corp dragged down the Nasdaq. […]

Alibaba Group Holding Limited (NYSE:BABA) broke all sales records this year

Alibaba Group Holding Limited (NYSE:BABA) broke all sales records this year

Alibaba Group Holding Limited (NYSE:BABA) broke all sales records this year Chinese e-commerce leader Alibaba (NYSE:BABA) just completed its ninth annual Singles Day sales event and smashed all previous records by selling $30.8 billion worth of goods. To put that in perspective, the five-day kickoff to the Christmas shopping season that begins on Thursday, Thanksgiving […]

Alphabet Inc. (NASDAQ:GOOG) data privacy concerns weigh on the shares

Alphabet Inc. (NASDAQ:GOOG) data privacy concerns weigh on the shares

Alphabet Inc. (NASDAQ:GOOG) data privacy concerns weigh on the shares Shares of Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL), the parent company of Google, continue to struggle. Despite Alphabet’s robust earnings and revenue growth, investors have sold GOOG stock as competition and data privacy concerns weigh on the shares. In the long run, growing profits and falling multiples will […]

United States Oil (USO) traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply

United States Oil (USO) traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply

United States Oil (USO) traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply Oil prices rose on Monday as traders expected top exporter Saudi Arabia to push producer club OPEC to cut supply towards the end of the year. Despite that, market sentiment remains weak on signs of a demand […]

Facebook, Inc. (NASDAQ:FB) Too Slow To Take Action?

Facebook, Inc. (NASDAQ:FB) Too Slow To Take Action?

Facebook, Inc. (NASDAQ:FB) Too Slow To Take Action? Facebook stock fell to a 21-month low Friday, following an explosive New York Times article this week that raised questions about how the social media behemoth handled the spread of disinformation and other problems. The Times report on Facebook (FB) described how Chief Executive Mark Zuckerberg and […]

Twitter, Inc. (NYSE:TWTR) a technical goldmine

Twitter, Inc. (NYSE:TWTR) a technical goldmine

Twitter, Inc. (NYSE:TWTR) a technical goldmine Social stocks have gotten slammed, but one has survived the sector’s meltdown. Over the past month, Twitter has rallied nearly 18 percent, while Facebook has dropped 6 percent, Snap 10 percent and Alphabet 6 percent. In the past three months, as the rest tanked double digits, Twitter has sustained […]

NVIDIA Corporation (NASDAQ:NVDA) missed expectations

NVIDIA Corporation (NASDAQ:NVDA) missed expectations

NVIDIA Corporation (NASDAQ:NVDA) missed expectations Over the last week, we’ve seen surveys indicating investors turning more cautious, Wall Street have a falling out with its favorite stock (Apple), and data showing just how harshly investors judged poor earnings over the last quarter. The more than 18% drop in shares of Nvidia (NVDA) on Friday — […]

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles

Australian Dollar: USD/AUD (AUD=X) enjoying an upbeat jobs report and a focus on others’ troubles The Australian dollar stabilized on higher ground, enjoying an upbeat jobs report and a focus on others’ troubles. The Reserve Bank of Australia stands out in the upcoming week. Here are the highlights of the week and an updated technical analysis for AUD/USD. […]

SILVER 1 OZ 999 NY (XAG=X) fears of a marked global economic slowdown

SILVER 1 OZ 999 NY (XAG=X) fears of a marked global economic slowdown

SILVER 1 OZ 999 NY (XAG=X) fears of a marked global economic slowdown The gold/silver ratio has risen to its highest level in roughly a quarter century, with silver suffering from both weakness in precious metals lately but also dragged down by pessimism about base metals. “The silver price has been very weak in recent […]